How many of us don't think he can pull together the $175,000,000 in ten days? He said he'd pay it right away, I think he might still struggle. I hope it’s a massive struggle, that it's public and severely embarrassing for him. I hope even more lenders laugh him out of the room.
if I was the judge, I would give him every single opportunity (within remote reason) to appeal. They say the judgment is too high? Fine, make the amount he has to front a quarter of that. Deal with the lying under oath later. Remove all any and all arguments he has for being persecuted and treated unfairly. He still won't be able to pay the reduced bond, and even if he does, it will be someone else posting it for him. And even if he does get that appeal, he still won't win it. And even if he does "win" it, it'll just be for a reduced civil penalty, which he still won't be able to pay. Asset forfeiture is coming your way, Donny. Loosen up them buttcheeks!!
Truth Social is about to IPO and begin trading on Tuesday... some estimates are for around $2B. He very well could sell stock at the IPO and cover the bond with the reduced amount and extra 10 days. it's still just a bond, which he's still in a position to lose if the appeal fails.
Interesting... just found this: Trump, who is the presumptive Republican presidential nominee, owns at least 58% of the company, a stake that is worth $3 billion or more at Monday’s share price. But under current rules, Trump is barred from selling shares for six months. So it sounds like someone else other than Trump may have to be in a position to unload the shares and pay for the bond. To me that seems like it's a more solid loan than anything against his existing property or other assets.
Can someone lucidly explain how Truth Social is worth $3b? This adjustment isn't a surprise, but it does continue to make the judiciary look suspect as fuck. Like...surely the man can be held accountable for SOMETHING.
lol, have you looked at judiciary / accountability in the past 25 years? Whether is small, first-time criminals or murderers with past records or white collar Ivy league boys, the prisons are too full. Have you seen how long it takes for a trial to happen compared to when the incident occurred? The courts are too full of idiots who passed out on their hair dryer suing the manufacturers for negligence or drunk drivers on their 5th offense or whatever. Not holding an idiot former President accountable is hardly special treatment.
The US President is the most powerful person in the world, and owning him is a solid investment. As an actual tech company, they're valuing their (declining) users at $1000 revenue (profit is massively negative) per user, and their tech stack is just a preexisting open source product.
One day two years ago I looked outside my window and saw the state highway patrol executing a felony search warrant on my neighbor. There was a battering ram. Like twenty people rushed in. He was arrested for raping a 15 year old. That was two years ago. I check on the status of this case often. Lots of pre-trial hearings. Lots of moving the trial out to the right. But no actual trial yet. I look out my window and see this fuck multiple times a week. I would pay good money to have this expedited.
Yep, a friend of a friend of friend was arrested for being a serial rapist in late 2021 and still nothing. Dude had a wife and 2/3 kids. When he was arrested, a bunch of his friends were on social media proclaiming his innocence. The authorities released the victim's artist sketches and they all deleted their support posts.
It's better than Aaron Rodgers, but Nicole Shanahan seems like a definite left-er choice as VP for RFK, Jr. Doesn't really seem consistent with his "I'm an Independent" message.
$7.85 billion at close. Based on his stake, Trump makes $4.6 billion on it if he cashes out. Guess that's one way to fund his lawsuit payment.
He's not allowed to sell for 6 months... it'll be interesting to see how well the stock price does then...
The board can always augment the lock-up terms if they can demonstrate shareholder benefit (the tricky part).
If they do that and he unloads huge stock, that’ll tank the price. I don’t see them doing that easily.
I tend to think they won’t line up to lose money. Buying to inflate the stock only to have that value tank when he sells it is bad business. I think business trumps friendship in his world, which is why he’s having a problem posting the bond in the first place.