Donald Trump

SkyBlueFlux said:
On the $175m civil fraud bond - there was a hearing with Engoron yesterday as scheduled. They agreed that Trump needed to provide statements that the account is being held in cash with Schwab, that Knight is the only party with access to this account, and that this account is maintained at its current value - no withdrawals or purchasing of securities. They need to provide these statements every month until the appeal concludes.

They have until the end of the week to provide that evidence and sign an agreement with those terms.

Anybody's guess what happens next. Absolute circus.
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Yep, I was reading a near full transcript of the hearing. It is a farce and the entire saga—along with every other trial Trump has ever been involved with—has made a mockery of the justice system. There is a reason that he is almost universally hated in New York State: he has been doing this same BS for literally decades there, weaselling out of liability, financial responsibility, and general shitehousery and corruption for the process.

As I said earlier, any other non-wealthy, non-powerful, non-famous defendant would be in custody pending the bond being secured.

He is a benefactor of the “two-tiered justice system” as he throws a tantrum denouncing it.
 
Update from MAGA Lalaland:

Trump Media & Technology Group (DJT), the Ponzi scheme that lost $58 million against revenue of just $4.1 million in 2023, currently has a market cap of $4.45 billion (1000x revenue). This before the new bonus shares are official vested to Trump, inflating his ownership and stake value even more.

The Orange Man Group common stock is currently valued above Wendy’s (national fast food chain), Brinks (national security technology and services company), Scotts Miracle-Gro (national lawn care goods company company), Avis Budget Group (national car rental company), Boston Beer Company (national beer produced behind Sam Adams), Goodyear (international tyre company), SolarEdge (national solar technology company), and hundreds of other legitimate business concerns.

The “market” has currently valued it to be twice as valuable as Krispy Kreme, which saw a net loss of $36.6 million against revenue of $1.7 billion in 2023.

We live in a simulation.
 
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SebastianBlue said:
Update from MAGA Lalaland:

Trump Media & Technology Group (DJT), the Ponzi scheme that lost $58 million against revenue of just $4.1 million in 2023, currently has a market cap of $4.45 billion (1000x revenue). This before the new bonus shares are official vested to Trump, inflating his ownership and stake value even more.

The Orange Man Group common stock is currently valued above Wendy’s (national fast food chain), Brinks (national security technology and services company), Scotts Miracle-Gro (national lawn care goods company company), Avis Budget Group (national car rental company), Boston Beer Company (national beer produced behind Sam Adams), Goodyear (international tyre company), SolarEdge (national solar technology company), and hundreds of other legitimate business concerns.

The “market” has currently valued it to be twice as valuable as Krispy Kreme, which saw a net loss of $36.6 million against revenue of $1.7 billion in 2023.

We live in a simulation.
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I don't get it, how do they value it at that?
 
"I'm sorry I can't say anything because I'm gagged! I can't say the judge is crooked and Michael Cohen is a lying son of a woman. This is a witchhunt orchestrated by the worst President ever who's senile by the way...They don't want you to know that but I do. Anyway I've been given this paper to read as their evidence. How can I read this it isn't bullet pointed...The whole trial is a scam. My guys on the supreme court will prove I'm immune..."
 
TinFoilHat said:
"I'm sorry I can't say anything because I'm gagged! I can't say the judge is crooked and Michael Cohen is a lying son of a woman. This is a witchhunt orchestrated by the worst President ever who's senile by the way...They don't want you to know that but I do. Anyway I've been given this paper to read as their evidence. How can I read this it isn't bullet pointed...The whole trial is a scam. My guys on the supreme court will prove I'm immune..."
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Problem with the gag order is if they enforce it he will just claim they are all against him and it's "election interference", ironically what he's actually on trial for, partly at least.
 
Elbow beards said:
I don't get it, how do they value it at that?
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It’s a combination Ponzi scheme and meme stock, so the stock price / market cap is not based on any realistic assessment of the company’s value in the context of it’s balance sheet, P&L, or forecasted performance.

It is solely based on the “feels”, “giggles”, political ideology, and blind speculation.

It’s Tulip Mania for the 21st century with an orange twist.
 
SebastianBlue said:
It’s a combination Ponzi scheme and meme stock, so the stock price / market cap is not based on any realistic assessment of the company’s value in the context of it’s balance sheet, P&L, or forecasted performance.

It is solely based on the “feels”, “giggles”, political ideology, and blind speculation.

It’s Tulip Mania for the 21st century with an orange twist.
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If there's a Ponzi element to it why wouldn't the SEC investigate it?
What if an undercover group of wealthy Dems bought stock and were cleaned out by Trump they could go straight to the SEC and claim Ponzi scam?
 
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