03-23-2024, 05:46 PM
(03-23-2024, 05:42 PM)NATI BENGALS Wrote: https://www.forbes.com/sites/zacheverson/2024/03/23/why-trump-cant-pledge-his-truth-social-shares-even-after-it-goes-public/
“The merger agreement bars Digital World's sponsors and Trump Media's shareholders, including Trump, from selling their shares for six months after the deal. The company's charter also explicitly prohibits pledging these locked-up shares for use as collateral for obtaining a loan or bond.”
That is a specific condition to a specific situation, and very unlike someone issuing a self assessed blanket statement like "stocks aren't typically accepted as loan collateral", wouldn't you say?
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