AIUI, the restriction on selling his shares also forbids using it as collateral or any other use that might cause him to lose ownership.
Thanks, I’m always suspicious about any dealings this con is involved in.
The $39.4 million is an interest payment that DJT made in the last reported fiscal year. It’s their largest single expense, resulting in $58,189,200 in total reported loss for the year, appearing on their financial statements as an income tax “benefit”.
This sounds very scammy to me. I wonder who this massive “interest” payment is going to? I bet his initials are “DJT”, just like the scam company in which he’s the majority shareholder, and undoubtedly currently dumping as much as he can while there are still suckers out there willing to buy them.
That was what I meant by my stupid joke. Somehow it’s gone back to DJT, of course and not for legitimate reasons.
Sorry for misunderstanding. Yes, I think it’s likely that a lot of these “expenses” draining this scam company are going straight to the Orange Felon.
What I’m wondering about is the sudden huge jump in volumes –
And also what drove the price increase yesterday, is there any link to good Trump or company news for this?
The huge jump in volumes is insiders finally able to sell. The price increase is probably people thinking that it’s sunk low enough that they can take a short term profit or they think that there’s good expected value should DT win the election.
At this point DJT is just a gamble on the outcome of the election. And even if Trump wins, which is becoming increasingly doubtful, the benefits to the stock are uncertain and, at best, short-term. But speculators who buy in low enough may enjoy a brief and profitable bump. The fact that insiders are unloading what they can is noteworthy.
Or the short sellers just covering their positions. As the NYT article from a couple weeks ago suggested, the stock was heavily shorted, and with the low float, they likely had to be patient in buying it back. I assume that insiders now being able to sell increased the float.
No kidding on the volume increase. Two minutes into the trading day today and 2.5 million shares traded.
The market has now closed for Wed. Total daily volume was 25.5M and the close was at $14.09
I don’t know about that. 538 has Trump at 43%. That’s higher than he was before 2016 election.
There were some bad calls made in 2016 about the improbability of Trump’s election. Also, was that before or after Comey sunk Hillary?
One of the biggest shareholders dumps 11 million shares, keeps just 100.
Climbing upwards again, and almost back to 15. Which is surprising if there’s been a massive dump of shares…
Yeah, that just baffles me.
Maybe it’s the short sellers flattening out their position?
If you think Trump will win the election then it makes sense to buy as it would certainly jump in value afterwards. The cheaper it gets, the less risk and greater potential reward even if you’re not certain about November.
DJT closed on Friday, 27sep2024, at about the same level that it did on 19sep2024, the end of the lockup period. 14.75 on Friday, 14.70 on 19sep2024. Also check out the volume: it jumped on 19sep2024, relative to earlier.
Chart of last 3 months:
Interesting take, that might also tell us his own views on his chances. Because according to this summary, him selling the stock now would be a hedge.