Truth Social going public net Trump estimated 2 to 4 BILLION

[Luvnit2]

(03-23-2024, 12:33 AM)NATI BENGALS Wrote: SPAC deal. Instead of an IPO. I remember hearing a lot about SPAC mergers during the wild Covid stock market ride and how many of them ended up failing.

I guess Trump has some earlier agreement where he isn’t allowed to sell shares for 6 months after closing the deal. So this might not help his financial woes right now.

DWAC stock was down bigly today, the blank check company merging with Trump media. I’ve seen claims truth social user base has fallen 40% year over year. And they lost $49 million over the first 9 months of their operation in 2023.

It’s possible you may get better returns investing in coal or whale oil.

Actually, his deal is he does not have to wait the 6 months and can borrow immediately. If he has 3 billion in shares, likely can borrow 20 to 30% immediately.

20% of 3 billion is 600 million. 

But, I hope he plays chicken and allows James to go after his home in NY. As I said, she goes after his properties. Lutz says Trump wins the election.