It was easy to see Trump setting them up again. 14 day ago I commented this: After CNBC and the mainstream liars published this for a day or so, Trump announced he had paid the bond.
🤔💰⚖️ Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say https://greatawakening.win/p/17siEYe2Oy/-trump-cant-secure-454-million-a/?sort=new
A bond ends up costing you about 20% of the amount pledged, so if he funded half himself his cost will be around $175 million x .5 = $87.5 million ...then x .20 = $17.5 million.
Therefor his cost $17.5 million if he wins appeals...quite possible.
Instead of coming up with $480 million @ 9%?
Trump has been winning his ass off.
Plus--5 months away...Trump cashes out the "DJT stock offering". Estimated $3.5 B...@ $30/share...currently 50.55/share = $5.7 billion in cash.
Trump can easily pay the full fines plus whatever they come up with by November, PLUS fund his entire campaign.
Bottom line...Trump played this whole thing to put in as little as possible up front, extending the time-line to his big media cash-out. Mission accomplished. Ankle-biters? Suck it hard.
This is what Trump's lawyers had to say about the larger bond
In addition, sureties would likely charge bond premiums of approximately 2 percent per year with two years in advance—an upfront cost over $18 million," the filing said. That $18 million would not be recoverable even if Trump wins his appeal.
This is apples to oranges.
Therefor his cost $17.5 million if he wins appeals...quite possible.
Instead of coming up with $480 million @ 9%?
As you're comparing cost of a bond vs the cost of the judgement.
He would still have to pay the full judgment if he lost. That hasn't been reduced.
YET
I read somewhere that the appeals panel reducing the bond by 60% might indicate the appeals court might be thinking about cutting the judgement.
The cheapest way is still if you have the cash, put up the undertaking yourself.
The DJT cash is certainly good timing.
The appeals court mentioned September as their timing.
DJT is betting that NON-Soros appeals courts will at least reduce fines substantially.
MORE important, dragging his feet on funding, plus using bonds allows him to bridge the short-term cash crunch the Globohomos were attempting to complicate his campaign.
W/ the big media merger, he only has to make it to September to be able to pay ALL awards plus fund his own campaign.
In reality, he will do much much better than that. He'll reverse some decisions and get a Soros judge/prosecutor or two's head on a pike.
It was easy to see Trump setting them up again. 14 day ago I commented this: After CNBC and the mainstream liars published this for a day or so, Trump announced he had paid the bond. 🤔💰⚖️ Trump can’t secure $454 million appeal bond in New York fraud case, his lawyers say https://greatawakening.win/p/17siEYe2Oy/-trump-cant-secure-454-million-a/?sort=new
This didn't happen though. He did not pay the bond two weeks ago. And he didn't say he had paid the bond 2 weeks ago
He might have said he could pay.
But paying the bond means you have to file court papers that are public. He certainly did not pay the bond 2 weeks ago.
Here's the bond papers
https://www.documentcloud.org/documents/24528561-donald-trump-175-million-bond-new-york-civil-fraud-knight-insurance
A bond ends up costing you about 20% of the amount pledged, so if he funded half himself his cost will be around $175 million x .5 = $87.5 million ...then x .20 = $17.5 million.
Therefor his cost $17.5 million if he wins appeals...quite possible.
Instead of coming up with $480 million @ 9%?
Trump has been winning his ass off.
Plus--5 months away...Trump cashes out the "DJT stock offering". Estimated $3.5 B...@ $30/share...currently 50.55/share = $5.7 billion in cash.
Trump can easily pay the full fines plus whatever they come up with by November, PLUS fund his entire campaign.
Bottom line...Trump played this whole thing to put in as little as possible up front, extending the time-line to his big media cash-out. Mission accomplished. Ankle-biters? Suck it hard.
I think 20% is way too high.
This is what Trump's lawyers had to say about the larger bond
This is apples to oranges.
As you're comparing cost of a bond vs the cost of the judgement.
He would still have to pay the full judgment if he lost. That hasn't been reduced.
YET
I read somewhere that the appeals panel reducing the bond by 60% might indicate the appeals court might be thinking about cutting the judgement.
The cheapest way is still if you have the cash, put up the undertaking yourself.
The DJT cash is certainly good timing.
The appeals court mentioned September as their timing.
September is when DJT can cash in stock.
DJT is betting that NON-Soros appeals courts will at least reduce fines substantially.
MORE important, dragging his feet on funding, plus using bonds allows him to bridge the short-term cash crunch the Globohomos were attempting to complicate his campaign.
W/ the big media merger, he only has to make it to September to be able to pay ALL awards plus fund his own campaign.
In reality, he will do much much better than that. He'll reverse some decisions and get a Soros judge/prosecutor or two's head on a pike.