Stand-up comedian Christopher Titus has an interesting theory about truth social stock and the scam the traitor

[Eliot Rosewater]

Is about to pull off selling it as long as the stock remains at a level that he can sell it and it involves foreign governments who want to own him if he becomes president like the Saudi and other of our enemies

Someone smarter than me would have to explain how they would pull this off because it seems likely given that the company doesn’t have any actual real value and he might be able to sell his shares next month for billions of dollars, so someone here will be able to explain it to me I’m sure.

[wolfie001]

1. A whole bunch of totalitarian regimes like what he stands for

Because it matches their ideology

[moniss]

2. Think of the stock as the vehicle through which

the transfer of money takes place rather than them just giving him cash directly outright. They know they can "buy" him but doing so directly with a payment would obviously run into bribery charges etc. So they need a middle step to make it happen. Something he owns and something they can buy but at an appearance of arm's length. So they put in a huge buy order for the stock through whatever brokerage house(s) and he sells on the "open" market.

It stinks and is very obvious but we have an SEC and DOJ that can't even seem to reign in the Ponzi activity of Musk over at Tesla or making false statements to investors etc. He runs his mouth with phony promises all the time despite his supposed agreement with the SEC to have attorneys review any public statements by him about the company.

[Eliot Rosewater]

3. Thank you, that's what I was thinking, but I

Didn’t know exactly who could buy the stock and how that would work and we will just have to hope that if he is able to sell the stock and there’s anything illegitimate going on they will be able to stop it.

Titus said he can’t sell it unless it’s over $12 a share, is that true and why?

[moniss]

4. I don't know if there were any restrictions when he was issued the stock

but it may be possible to place restrictions in a "merger" agreement like happened between his company and the shell corporation that took over. I had not heard of any restrictions previously. Since he didn't buy the shares on the open market he could be bound by an agreement. Insiders, even when they buy or sell shares on the open market, have to abide by certain rules regarding buying and selling stock since being a company official would allow them to play some games otherwise. If they are issued stock or stock options as part of compensation, in particular, there will be rules and possibly restrictions added. It's not unusual to see the "options" that are tied to the stock will have a "price to exercise" that is very different than the market price and it may reflect an effort to reward or restrict the expected range of monetary benefit to the person receiving the options/stock.