Trump's Truth Social company posted its new financials to the SEC today.

[LetMyPeopleVote]

The price for this stock has no basis in reality. This is a meme stock that only fools should be holding

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[LetMyPeopleVote]

1. Who is surprised by this?

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[dalton99a]

2. It's a fucking scam

[Buns_of_Fire]

3. I said they should have let the cow run it.

I should have been more explicit. I meant the whole cow ( as in "Devin Nunes' Cow" ), not just the cow's rear end (as in Devin Nunes).

[unblock]

4. i can't even being to make sense of this. $39 million in interest expense! how much did they borrow and

what on earth are they doing (or not doing) with that money?

maybe they borrowed about a billion dollars at 4%, that's about $40 million in interest.
or maybe it's $200 million at 20% interest, who knows.

either way, if you were running a company like that and borrowed at least $200 million, why would you spend only $9.7 million on R&D?
presumably the purpose of borrowing massive sums like that would be to spend on building something, but they're not.

one hint is the $75 million on the plus side in 2022 from "change in fair value of derivative liabilities". while this was a loss of $2.7 million in 2023, it hints that they have some debt that can change a lot in value.

maybe there's a legit explanation, but to me it sounds like they're just taking the money and gambling in the markets. wrote a ton of options that expired worthless or something like that.

a simple scam to take advantage of bankruptcy laws is to borrow just bet it in futures/options markets. if you win, you pay back the debt and keep the profit, if you lose, you declare bankruptcy and it's the lenders who lose, not you. i wonder if something like that is going on.

but i'm just guessing. i'd have a lot of questions if i was doing thorough due diligence, but as a practical matter, if i'm making a credit/investing decision based on this, i'd just throw it in the trash and move on to the next opportunity.

[magicarpet]

5. So much success,...

.... actually too much success,...

You will certainly be hoping and praying for failure just to finally catch a break from all the success coming your way.

Buy more shares of DJT stock so you can be rich just like him.

[Kid Berwyn]

6. The Biggest Zero

[Blue Idaho]

7. Trump Steaks

All over again…

[MiniMe]

8. Toys are expensive!

This is nothing but a toy to tRump

[cutroot]

9. Some kind of money laundering scheme I suppose

[mucifer]

10. So is this just legal money laundering? I don't understand it

[LetMyPeopleVote]

11. The disclosures in this filing are really sad

This company has some real financial issues

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These metrics are not what the real world looks at.

[LetMyPeopleVote]

12. For this thread