Donald Trump

[Trevor Morley's Tache]

 

[Gareth Barry Conlon]

I bet he votes for Biden.

 

[roman totale]

So the only thing stopping him being gay is his belief in the existence of god?

 

[TinFoilHat]

There's plenty of Gay friendly churches he could move to.

 

[SebastianBlue]

I am going to go out on a limb and wager he’s already gay.

 

[The Future’s Blue!]

I am going to go out on a limb and wager he’s already gay.

It’s only gay if it’s with people over the age of consent.

 

[TinFoilHat]

Has Shitgibbon found the money. Bank of Putin come through?

 

[TinFoilHat]

Donald Trump's social media company set to go public - potentially netting him $3bn

The former US president is grappling with a number of legal cases against him - including the fallout from a $454m judgement in a civil fraud case in New York.

news.sky.com

 

[Gareth Barry Conlon]

 

[SebastianBlue]

Donald Trump's social media company set to go public - potentially netting him $3bn

The former US president is grappling with a number of legal cases against him - including the fallout from a $454m judgement in a civil fraud case in New York.

news.sky.com

Important information regarding the potential merger and it's impact on Trump's current financial woes.

"Meanwhile, Digital World's former CEO Patrick Orlando, and former Trump business associates Andy Litinsky and Wes Moss have separately sued to block the merger.

They have argued they were entitled to more shares for their previous work on the deal and it isn't clear when these cases will be resolved.

Even if the deal gets completed next week, Mr Trump will not be allowed to sell any of his shares, or borrow against them, due to a "lock-up" provision that prevents company insiders from selling newly issued shares for six months."

For those unfamiliar with SPACs or these types of mergers, this is a near universal provision and breaking it would almost assuredly lead to more very expensive litigation for Trump (which he would most assuredly lose, at further cost).

It is also worth noting that, although he is not supposed to be able borrow against potential value of the majority stake in the SPAC (functionally only present in the event of such an approved and completed merger), that does not mean he has not done so in violation of regulations and the 'lock-up' provision. And given his normal modus operandi, I don't think it would be unreasonable to entertain the possibility.

Which means not all of the windfall he may potentially receive from the merger--and initial public listing on the exchange of his media company, which is most assuredly to be almost immediately substantially devalued based on its actual performance and general profit-taking from the majority of current DWAC shareholders, who are primarily speculators--could be available to him to cover the ongoing judgements and costs of litigation, much less to continue to bank roll his campaign.