Darn good question!
IMO it’s hard to say which, but I’m sure somebody will take it in the rump. Causing their mood net worth to slump.
Still hasn’t hit $20 since 8/28.
I wish I were clever enough to follow the rhyme here, but I only have this quote:
“Life is like a box of chocolates. You never know what you’re going to get.”
– Forrest … something or other.
Trump stumps chumps on jump, bumps pump and dump.
Pretty clear, that.
Trump’s chumps get humped in the rump on pump-n-dump that he bumped.
Can someone clear something up for me? Since he’s an insider does Trump have to report when he is going to sell?
IANAE(xpert), but I think Trump as a member of the board is required to comply with SEC Rule 144. SEC Rule 144: Definition, Holding Periods, and Other Rules.
This says he can’t sell more than 1% of the total outstanding shares in a three month period. There are also some requirements about prior notice, but I’m not clear what they are.
I don’t know the answer to your question, but he’s probably already violating securities laws by saying he won’t sell, it’s the best stock ever, etc. And, he’ll probably be violating them again when he does sell his insider stake after saying he wouldn’t.
But, who will go after him? He’ll either already be in deep trouble for all the other cases, or will be president and will have pardoned himself, or told the SEC to back off.
Anyway, the FQ answer to your question is probably:
"## The Bottom Line
Rule 10b5-1 allows insiders to sell company stock by setting up a predetermined plan that specifies in advance the share price, amount, and transaction date. The insider selling the stock and the broker carrying out the transaction must certify that they are not aware of any MNPI."
From here.
To the best of my knowledge, insider trading always has to be reported when it occurs, but not in advance. Of course a large percentage of Trump’s business dealings are illegal anyway, so his lawyers will probably find a loophole where it doesn’t matter.
He isn’t on the board; his son is. He’s still an insider though.
So what happened at 3:00 EDT to make DJT lose nearly 3% of it price?
News of the new poll in Iowa that shows Harris within the margin of error for that state?
I think this may be the reason, a court ruling that went against Trump Media.
Since Trump says he will not sell, I assume that means that he will, but find some way of hiding the fact. Or trying to.
He’s not going to “sell” shares of the company. Selling shares is for “the little people”. He’ll be “handing-in some parts of the company so more hungry investors can buy a portion of a very successful company. One of the best. People are saying it’s a beautiful deal. Perfect, in my mind! Believe ME!”
See, he doesn’t want to be stockpiling such a great deal for only himself - he wants as many Americans as possible to get-in on this great deal. It’s a great deal, by the way. Many people will profit, bigly!
No, he’ll sell, and then explain why you just didn’t understand him when he said he wouldn’t sell, plus his fans wanted him to sell so they could get in on this good thing, plus the SEC was forcing him to sell because they hate him, and he has so many shares, it’s like he didn’t sell very many at all, one billion dollars isn’t that much money to him, noted billionaire.
Kamala and the Demoncrats and the corrupt SEC, which the Biden crime family controls, is making him sell!! It’s not my fault I had to lie to you the other day!!
They’re planning to buy up all my shares, and shut me down!!! But you can stop them by buying them first! Show the Deep State Marxists what Real Men can do! Don’t let them make you look like a weak beta cuck!
Well everything is coming to a head now. The stock price is below $15.50, more than wiping out any gains it made after Trump said he wouldn’t be selling. It’s lost about 25% of its value in the three weeks since the OP and is at its lowest since the SWAC acquired Truth Social and changed its symbol to DJT.
Based on the reporting, I’m not entirely clear if tomorrow is the first day that Trump (and others) can start selling or the last day that they can’t, but one way or another, the show will be starting soon!