Usually company insiders who have a been granted a big block of shares can't sell them immediately. Like you have to let the market establish itself. Or else you're prone to pump and dump schemes.
The super rich never sell shares, then they have to pay takes on the income. It's much cheaper to borrow and never pay income tax. Up until recently at least.
Wait, do you mind an ELI5 version of that tactic? Or is it that simple borrow, payback asap to reduce interest, repeat? Borrowing from two sources spit apart and pay off one with the other, repeat? Never sell shares.
Its a s/b 2 year holding period. Then you have to publicly file to sell these. After that you can only sell a certain percentage of the average daily trading volume under Rule 144.
Is there a lock up period?
Usually company insiders who have a been granted a big block of shares can't sell them immediately. Like you have to let the market establish itself. Or else you're prone to pump and dump schemes.
Like the bond is coming up pretty fast.
Not sure. But DJT said he already has the bond. And having this asset will open up other avenues for cash if needed.
I just saw that.
I wonder what changed.
Last week they said they couldn't swing it.
Look weak when you are strong
-Sun Tzu
Part of the script.🤷♀️
I've read it's 6 month lock up.
Lock up just means he cannot sell. I imagine e that he can pledge the shares...
It's very common.
The super rich never sell shares, then they have to pay takes on the income. It's much cheaper to borrow and never pay income tax. Up until recently at least.
Wait, do you mind an ELI5 version of that tactic? Or is it that simple borrow, payback asap to reduce interest, repeat? Borrowing from two sources spit apart and pay off one with the other, repeat? Never sell shares.
Take loans against then...
Thanks
By the if you own DWAC, pay attention to it. My uncle has some Trump stock years ago.
Yes I have a lot of warrents. I follow it closely.
6 months
Its a s/b 2 year holding period. Then you have to publicly file to sell these. After that you can only sell a certain percentage of the average daily trading volume under Rule 144.
It can be collateralized.
The stock or the bond?
Because they told the court bond companies were refusing their collateral.