They actually did it. They completed the merger with Trump's company.
Starts trading tomorrow under the symbol "DJT."
I have not had any position, but I will consider buying it, depending on how the price action unfolds.
So, congrats to the holders who stayed with it.
GME also looks like it might be a company finally turning around, and will post their earnings tomorrow after the close.
Anyway ...
Congrats to those of you who held on. No idea what happens from here, and I don't think the current valuation will be justified, but it's Trump, and anything can happen when Trump is involved.
Thank you for the info.
One last thing I'm reading about a dilution of shares which could bring the price per share down after the merge?
One particular post from the DWAC subreddit with the numbers. "the company currently has 37 million outstanding shares which is going to become 130 million after the merger"
However in generally I'm seeing this posted from people who clearly hate the stock and Trump so disregard?
Again thank you. I feel like a crayon eating retard when it comes to stocks. :(
My understanding is any DWAC shares you own become DJT shares at a 1 to 1 conversion. Maybe the stock could take a slight hit from dilution but the hype around the stock will easily erase that