I’m going to guess he’s going to instead try borrowing against the “value” of the stock. He’s almost certainly got liquidity issues and interest and legal fees aren’t cheap.
That’s actually a very common tactic to avoid/defer capital gains taxes. But it assumes that there’s “value” there to borrow against. For shares in AAPL or MSFT, that works great. For a virtually worthless meme stock, not so much.
I didn’t say it was a good plan.
It’s just concepts of a plan. I’ll have more in two weeks
Scroll down and you’ll see the blurb:
Trump’s DJT stock trading was halted twice yesterday by the SEC, due to volatility after Trump announced at his press conference that he will not sell when his lockout ends on Sept 25th.
That prompted an immediate jump to $21, followed by an immediate drop to $18. Unsurprisingly, Trump alleged the SEC interference was political.
16.14 -1.14 (-6.60%)
At close: 04:00PM EDT
Market Cap 3.231B
Quote from the cited article:
“I am going to hold NASDAQ, and maybe the SEC, liable for doing what they are doing,” he added. “If they do it again, we will move the stock to the New York Stock Exchange.”
I’m surprised he didn’t call for everyone at NASDAQ to be fired, as he did against ABC after his disastrous debate performance! 
I suspect that DJT may not meet the criteria for listing on the NYSE. If he tries and is rejected, Trump will undoubtedly rail against “the Biden crime family” for being behind it!
He’ll order it listed as he is the president. It’s an official act, SCROTUS said so.
The lockup ends on Thursday, UAV owners Litinsky and Moss own more than 8.6% of the company (before their recent win) which amounts to somewhere north of 16 million shares - between 2 and 3 times the average daily volume.
If they wanted to do maximum damage to the price, while still getting the maximum value they reasonably can (yeah, there’s no contradictory goals there) - how would they go about it?
Dump all the stock at once? Release 500,000 shares per day at 10% below the market for a month? Something else?
Or are they going to hold and gamble on Trump winning (which is the only hope for the long term survival of the company)
Depends IMO on how dictatorial they think trump will succeed in being how soon once he’s in power. Litinsky & Moss are already on trump’s shit list.
If you imagine trump as all powerful god-emperor, he’ll simply order the tax police to seize their shares. Or order the company’s BOD to cancel their shares on pain of being sent to the new Wyoming Alaska gulag.
If they believe in that future, DJT shares might have value after a trump win, but their DJT shares won’t. So they’re encouraged to sell now. Or at least before the inauguration / coronation.
When you have 16 million shares, you can do both.
Dump 10 million at the current price. At $16/share, that’s 16 million dollars. Even if the prices drops, they’ll likely still come away with 5-10 million. Not a bad wage for a few years of dicking around with a pretend stock that no one really expected to go anywhere.
Then keep 6 million in case Trump beats the odds, and the shares skyrocket.
Donald Trump hit a new low today.
Excuse me–DJT stock hit a new low. $15.41. It’s skyrocketed back up to $15.72, though, so not to worry–everything’s coming up Donnie!
This speculative stock has bounced around a lot over the past few days. Range is roughly 15.36-20.85 per share.
I’m wondering whether insiders can sell buckets of call options without public disclosure. (For example, Trump sells someone the option to buy DJT on Sep 27th at $12. He pockets a fee right now (say, $1.50) and delivers his shares if the price stays above $12.) One would think that sort of thing would be banned, but I haven’t read the language of the prospectus.
14.98 -0.64 (-4.10%)
Pre-Market: 8:36AM EDT
14.54 -1.08 (-6.91%)
Pre-Market: 8:45AM EDT
Iceberg?
Finally broken the $15 barrier, I see.
And tomorrow is the day Donnie can start selling. Which he said he won’t do, of course.
market open
14.81 -0.81 (-5.15%)
As of 09:37AM EDT. Market open.
Perhaps it’s worth pointing out that the rest of the market is having a good start today.