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In reply to the discussion: No, Trump is not getting $3 billion from Truth Social [View all]gab13by13
(21,487 posts)12. Smart investors aren't going to invest in DJT,
The Saudis or whoever are laundering money to Trump. The thing is though the stock price in 6 months may not be what it is right now, right now the price is inflated, maybe the Saudis can keep inflating the price, money is no object to them.
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True. But the use of the SPAC is done specifically so the SEC WON'T be keeping an eye on it.
Scrivener7
Mar 26
#3
Not till the merger goes through, and not till he has enough collateral on paper that Deutsch Bank or
Scrivener7
Mar 26
#7
The collateral is his stake in the stock on paper. Which is now at $73 per share.
Scrivener7
Mar 26
#11
The price this morning is $73. If that holds, he'll get a lot more than $3 billion.
Scrivener7
Mar 26
#14
How ridiculous. Just goes to show how great is to have my retirement dependent on a market of nonsense.
SouthernDem4ever
Mar 26
#21
In Feb, when the stock worth was estimated at $48, the estimate of the value of his personal stake was $3.8 billion.
Scrivener7
Mar 26
#30
So I wonder which is correct. Morningstar and Marketwatch are both decent sources.
Scrivener7
Mar 26
#37
Thanks for this post that clearly breaks down the truth social stock situation. n/t
iluvtennis
Mar 26
#19
Yes, it does for me. It says there is no immediate $3 Billion windfall for trump. He has to wait 6 months
iluvtennis
Mar 26
#32