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
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.