The wild probe into investors of DWAC, Trump Media’s proposed merger ally. The Truth about Truth Social

[hal2kilo]

One thing grifting cons are susceptible to is being conned. Guess who's suing the investors?

Trump in legal battle with Trump Media co-founders over back-and-forth regarding company shares

Trump argues that the Truth Social co-founders delayed attempts to go public, so should forfeit their shares

www.salon.com

 

[BoomerD]

One thing grifting cons are susceptible to is being conned. Guess who's suing the investors?

Trump in legal battle with Trump Media co-founders over back-and-forth regarding company shares

Trump argues that the Truth Social co-founders delayed attempts to go public, so should forfeit their shares

www.salon.com

Not just investors...but co-founders of Truth Social.

 

[Roger Wilco]

Buy the dip!

 

[fskimospy]

Buy the dip!

View attachment 96425

So in the last 10 days or so it's lost 40% of its value. Honestly it's outperforming my expectations!

 

[brycejones]

It ain’t over till it’s over…as much as I’d love to see King Donnie in Sing Sing, Leavenworth, (or Gitmo) or even one of Georgia’s corrupt prisons…it just ain’t gonna happen.

For security purposes SuperMax would be best for him. Simplifies the secret service’s job.

 

[alien42]

So in the last 10 days or so it's lost 40% of its value. Honestly it's outperforming my expectations!

it's actually still higher than it was on 3/22, just two weeks ago.

 

[fskimospy]

it's actually still higher than it was on 3/22, just two weeks ago.

It wasn't publicly traded then and got a huge boost from the pump part of the pump and dump.

 

[UNCjigga]

Gee, I wonder why a Russian family trust connected to a Putin ally would have any interest at all in Truth Social—a platform that just happens to be overrun with disinformation bots. Hmm…

 

[alien42]

It wasn't publicly traded then and got a huge boost from the pump part of the pump and dump.

it was traded then under the symbol DWAC. if you owned DWAC shares they were converted to DJT shares, essentially it was just a symbol change for shareholders.

 

[fskimospy]

it was traded then under the symbol DWAC. if you owned DWAC shares they were converted to DJT shares, essentially it was just a symbol change for shareholders.

Trump media was a separate company until the two merged on March 25 and the stock is now lower than it was on that day. Trump media never traded under DWAC.

 

[alien42]

Trump media was a separate company until the two merged on March 25 and the stock is now lower than it was on that day. Trump media never traded under DWAC.

of course, but that doesn't change the fact that DWAC shares became DJT shares. if you owned DWAC shares a month ago, you now own DJT shares. the chart doesn't just begin on March 25th, it goes back years.

 

[Stokely]

Trump's criming simply has no limits. When will we see him in prison?

My expectation is, about when they manage to reconstruct dinosaurs from DNA like they did in Jurassic Park. In other words, he'll die at the age of 97 still ripping people off and being the avatar for rural salt of the earth Americans.

If he ever gets anything more than fines--which other people will happily pay-- I'll be mighty surprised.

Steven Seagal is a boob, but his biggest lie was saying "no one is above the law."

 

[BoomerD]

My expectation is, about when they manage to reconstruct dinosaurs from DNA like they did in Jurassic Park. In other words, he'll die at the age of 97 still ripping people off and being the avatar for rural salt of the earth Americans.

If he ever gets anything more than fines--which other people will happily pay-- I'll be mighty surprised.

Steven Seagal is a boob, but his biggest lie was saying "no one is above the law."

Yet Seagal is a bigly Trump supporter

 

[cytg111]

One thing grifting cons are susceptible to is being conned. Guess who's suing the investors?

Trump in legal battle with Trump Media co-founders over back-and-forth regarding company shares

Trump argues that the Truth Social co-founders delayed attempts to go public, so should forfeit their shares

www.salon.com

Hahahahahaha ... Every single society-reject jumping in bed with The Orange Menace deserves *EVERYTHING* they get...

OH. He is fucking you over? A complete surprise to *EVERYONE*.

 

[cytg111]

So in the last 10 days or so it's lost 40% of its value. Honestly it's outperforming my expectations!

That was another short I didnt make. Stupid stupid stupid me.

 

[fskimospy]

That was another short I didnt make. Stupid stupid stupid me.

You didn’t miss anything. There isn’t a lot of floating stock out there and the entire rest of the world had the exact same thought you did so the premiums were at like 600% or something. Very hard to make money on even with serious declining value.

 

[thraashman]

That was another short I didnt make. Stupid stupid stupid me.

The day it IPO'd I wanted to short it, but I've never shorted a stock before and don't know how to do it on my main trading account. Everything I have now is tied up in a S&P 500 index fund. But from reading I should have been able to short a position worth twice what I had in the account. Which means this 40% drop could have made me $80k. So ... yeah I'm a bit upset I didn't short it too.

 

[fskimospy]

The day it IPO'd I wanted to short it, but I've never shorted a stock before and don't know how to do it on my main trading account. Everything I have now is tied up in a S&P 500 index fund. But from reading I should have been able to short a position worth twice what I had in the account. Which means this 40% drop could have made me $80k. So ... yeah I'm a bit upset I didn't short it too.

Sadly this is a very unique situation because there’s so much competition to short the stock the cost to carry it is ludicrous.

Trump Media is the most expensive U.S. stock to short — by far

Trump Media, whose biggest shareholder is former President Donald Trump, is a hot stock for buyers,and sellers, after recently going public.

www.cnbc.com

Now this stock absolutely could tank enough that people still make money but it will have to REALLY tank, and right soon. The normal rules of ‘I should short the stock because this is a money losing business with no future prospects and no tech to sell’ do not apply.

 

[alien42]

The day it IPO'd I wanted to short it, but I've never shorted a stock before and don't know how to do it on my main trading account. Everything I have now is tied up in a S&P 500 index fund. But from reading I should have been able to short a position worth twice what I had in the account. Which means this 40% drop could have made me $80k. So ... yeah I'm a bit upset I didn't short it too.

Don't worry, you likely couldn't have shorted it. I tried but there weren't any shares available to short and the cost was so high that a profit would be hard to make.

 

[Pohemi]

Yet Seagal is a bigly Trump supporter

He's also a Russian citizen now, and good buddies with Vlad. They love his fat ass over there, and he likes the public fanclub that he never had here, IMO.

 

[esquared]

These idiots that have invested in truth social are now saying the left/media/Boogeyman, is behind the drop in stock price.

"He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

Small-time investors in Trump’s Truth Social reckon with stock collapse​

Small-time investors in Trump’s Truth Social reckon with stock collapse

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his...

www.yahoo.com

You just cannot fix stupid.

A few more complainers:
"The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

"McLain is an amateur trader - he invested only once before and “lost [his] butt” - and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said."

 

[HomerJS]

These idiots that have invested in truth social are now saying the left/media/Boogeyman, is behind the drop in stock price.

"He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

Small-time investors in Trump’s Truth Social reckon with stock collapse​

Small-time investors in Trump’s Truth Social reckon with stock collapse

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 - pretty much his...

www.yahoo.com

You just cannot fix stupid.

A few more complainers:
"The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

"McLain is an amateur trader - he invested only once before and “lost [his] butt” - and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said."

Queue up blaming MSNBC and George Soros.

Those idiots aren’t really into self responsibility

 

[IronWing]

Queue up blaming MSNBC and George Soros.

Those idiots aren’t really into self responsibility

At least short selling is something that Soros actually did.

 

[trenchfoot]

If and when Trump gets thrown in the slammer, it seems to me the biggest losers are going to be his SS detail. I don't know what the procedures are/will be if Trump's view of the outside world is obstructed by vertical window shades made of steel, but if it's mandatory for one of his security crew to be within a lunge and tug of him, well sucks to be that guy.

 

[Fanatical Meat]

If and when Trump gets thrown in the slammer, it seems to me the biggest losers are going to be his SS detail. I don't know what the procedures are/will be if Trump's view of the outside world is obstructed by vertical window shades made of steel, but if it's mandatory for one of his security crew to be within a lunge and tug of him, well sucks to be that guy.

He’s not going to jail. Our legal system, current justice department and leadership simply aren’t up to the task.
At BEST there will be some kind of “deal” where the former President is told to shut the fuck up about everything or this giant clear cut charge is going to be put upon him.