SebastianBlue
President, International Julian Alvarez Fan Club
- Joined
- 25 Jul 2009
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- 56,110
This filing also seeks to register more than 146 million shares held by some stockholders for resale — including all 114.8 million of Trump’s 78.8 million current and 36 million potential shares that could be granted if the stock price holds above a certain level.
Although they won’t be able to sell those shares right away, this move means they’re one step closer to being able to once the rest of the prohibitions are cleared including a six-month lock up period, says Michael Ohlrogge, associate professor at NYU School of Law.
amp.cnn.com
No word yet about who would be converting warrants to new shares, which was also filed, and then likely immediately selling off that new stock.
For those unfamiliar with these types of filings and stock market actions, more often than not, this type of move is usually a sign of mounting financial distress (which anyone with a brain already knew about with what is essentially a Ponzi meme company).
This is just a game of musical chairs at this point, similar to Trumps criminal prosecutions.
Although they won’t be able to sell those shares right away, this move means they’re one step closer to being able to once the rest of the prohibitions are cleared including a six-month lock up period, says Michael Ohlrogge, associate professor at NYU School of Law.
Trump Media & Technology Group’s stock tanks after announcing massive share sale | CNN Business
Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares.
amp.cnn.com
No word yet about who would be converting warrants to new shares, which was also filed, and then likely immediately selling off that new stock.
For those unfamiliar with these types of filings and stock market actions, more often than not, this type of move is usually a sign of mounting financial distress (which anyone with a brain already knew about with what is essentially a Ponzi meme company).
This is just a game of musical chairs at this point, similar to Trumps criminal prosecutions.
