https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-24-019745.htm
TMTG filed a S1 to issue more stock and to exercise warrants.
Up to 21,491,251 Shares of Common Stock Issuable Upon the Exercise of Warrants Up to 146,108,680 Shares of Common Stock Up to 4,061,251 Warrants to Purchase Common Stock
Trump is letting out slack in the line and letting the big short fish take the bait and run
hook line and sinker can't wait to see how this saga ends
Stock is down 65% from the high.
This won't help.
Company earned revenue of $4 million and had a loss of $50 million.
Market valuation at public launch was $11 billion.
That is crazy.
Maybe Trump comes up with something new to add to the Truth Social thing, but although it was good that it finally went public, now it has to perform, and these are horrible numbers.
Company needs cash ... BAD ... just to survive as a company.
THAT is why they are issuing new stock.
ALL other reasons given are nothing but cope.
Don't let your hopes and dreams of "muh Moonshot" cloud your rational judgement.
P.S. I know idiots will attack me for saying anything negative about DTJ stock, but I am stating the truth, and those who attack will have zero facts to back up their cope.
Partially true.
There are two large stake holders in DJT that have turned anti Trump. Part of this is to dilute their holdings. DJT actually has a lot of cash on hand.
Almost all companies lose money for the first 3-5 years. Tesla was losing money 10 years in.
That being said DJT is a one man show. It needs more substance.
10K shows "Cash" of $395,000, which is terrible.
HOWEVER ...
Also shows "Cash held in Trust account" of $310,000,000.
What is that? (I'm asking; I don't know).
https://www.sec.gov/cgi-bin/viewer?action=view&cik=1849635&accession_number=0001140361-24-017385&xbrl_type=v#
If that is cash available for business operations, that would be very good. If it is locked up for something else and cannot be used for operations, then that would be very cash poor.
Held in Trust just means a single person can't draw it down. Needs 2+ signatures to do so.
No, that is not what that means.
Many companies have that requirement for all accounts.
"Cash held in trust" is NOT a routine thing on 10K reports.
It means (literally) that it is held in some sort of trust for some future purpose/event.
Personally, I have never seen it -- EVER -- and I have looked at thousands of 10K's.
So, I do not believe that is a legit answer.
It means something else, but I don't know what.
I suspect it means that it is cash that is held for a particular purpose, and cannot be accessed until some event occurs. Just speculation, but that would make sense.
Thought about it some more ...
I bet it has to do with the warrants.
Stock held to buy more stock for the warrants that could be exercised.
They are issuing new stock, partly to have it available for the warrant exercise, and the cash is also held for that purpose.
I don't know if or how much cash will be made available for operations vs. how much will be to deal with the warrants, but they better have some for operations, or this will be a big problem.
Cash held in Trust means it's money held by someone who isn't a owner. Which breaks your question down to
Where does the money come from?
Does the company have access to it?
We won't be able to answer one. But a Trust account usually has a legal stipulation that the money is accessible by the company through a managing trustee, which means multiple signing authorities. Straight up cash is often movable by one individual (with a sign off from a company accountant or related staff).
No, that is nonsense.
A trust is a legal instrument with one (or more) trustors/settlors, one (or more) trustees, and one (or more) beneficiaries. It also has conditions in the Trust Indenture as to what the purpose is, how long it lasts, and what the conditions on the use of the assets are.
I suspect it is related to the warrants (as I posted above), but I don't know that for sure.
It has nothing at all to do with how many signatures need to be on a bank account, although that would likely be one of the many terms in the trust agreement.
If your explanation was correct, we would see this line entry on most 10K's.
I have never seen it on any, and I have seen many.
It is something out of the ordinary, and for a special purpose.
Not related to the 'Warrants".
All SPACs MUST have a Trust account securing the IPO proceeds.
Happens all the time and not out of the ordinary.
The $310,623,083 held in trust is the proceeds from the merger.
Yes
And just like that, MSM, in unison, is telling people to sell! They sure like to help the Shorts!!!
Gee, where have I head this before...oh right. With AMC!
And GME
Nope... MSM is doing outright advertising for AMC. Starring the cabal poster girl Nicole Kidman
https://www.cnn.com/2024/02/29/entertainment/nicole-kidman-new-amc-ads-cec/index.html
CNN would never post anything remotely positive about GME. That should tell you all you need to know about AMC vs GME
Blud, every single stock news source has been shilling against AMC for years. What in your example screams "buy AMC?" Terrible example to convey your point.
https://finance.yahoo.com/news/amc-stock-dog-fleas-just-110000149.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACwYLNsCwcvUTFUo9zVK7iNYdV4HQ1aWWpYQIY8A71lqjjpUwjo32kakXCEEcJn0CVJi3jo3fVZzZeEi2xYGurI9xgJOBa1XTJHOobSx0DyOFF_p5haU_X_h27lcAQ7ecoPw6mavri9Sv9Q8vaWc2eliF8Y34R63KwZ6v8POi-fi
https://www.msn.com/en-us/money/markets/stay-away-from-old-news-meme-stocks-like-amc-and-gamestop-says-tastytrade-s-tom-sosnoff/vi-BB1kUaFg
You can choose to ignore MSM articles using well known DS swamp celebrity to pump AMC.
"They thought you would follow the stars".
If you do research there are many more examples of AMC (along with many others) being pushed as an alternative 'meme stock' to dilute and distract the masses from the real "idiosyncratic risk" that is GME.
AMC is no more of a distraction play than DJT or BBBY. And whatever happened to WWG1WGA?
You literally ignored the MSM articles I posted trying to get people to sell AMC. Get over yourself dude.
Yeh you really haven't done serious research into this.
What does wwg1wga have to do with this topic? Do you actually think that refers to all stocks in the market or something?
But keep financially supporting a Hollywood swamp adjacent company being advertised by CNN and a well known swamp celebrity.
I hope you have at least enough sense to hold a few GME while you expect Hollywood adjacent companies to care about retail investors money.
This seems to be a nothing burger. Just opening up the warrants to be exercised.
It's something to keep on an eye on if you're in this trade which I know folks here are.
I saw some stuff in my feed today about it.
Oh I didn't mean to come off as dismissive of your post. Rather just offering a comment on how the media is reporting on it.
I didn't read it as dismissive. I was just confused
Regardless ...
Interesting setup in the financial markets.
Looks like both stocks and bonds are weakening.
Could turn around with "earnings season" upon us.
But if things don't change for the better, looks like we will see BOTH stocks and bonds going down.
This is bad for 90% of typical investors who have bought into the Wall Street lie to always own stocks and bonds in some sort of blend (depending on age) because one will "always bail out the other."
That is a lie. They COULD both go down -- and at some point, they will.
If this happens over the next few months, a lot of people will get hit will losses in their retirement accounts.
On the bright side, they will blame it on Biden and the retarded Dems.
We all knew that warrants would be exercisable soon. This is just market manipulation . shaking some sellers lose. Hold on folks.
What about it is market manipulation?
That sounds illegal
News hit pieces aren't illegal. they are just twisting it to sound like bad news.
I thought you meant issuing the stock was market manipulation because I just posted the SEC filing.
Took another big hit today...holding the line. I figure if it all goes down so does everything. Funny how TSLA, DJT, GME etc all getting destroyed. Almost as if the DS is pumping endless money in to short these stocks into oblivion.