The last time a Trump company went public it didn't go well for investors

[berg80]

Gambling on stocks is one thing. The thread is talking about actual investors.

The only "investment" premise was that trump would be able to fool enough fanboys to keep the stock afloat until he could dump it.

/—-/ Last response to this tiresome thread. DWAC had earnings. Now go count your coins in your piggy bank.

DWAC was a SPAC. If it had earnings it must have been earned interest on the money raised to form the acquisition company. It wasn't a business. It was formed to acquire one.

Going public by way of a SPAC is typically done because the market had no interest in a conventional IPO. Savvy investors and brokerage houses didn't want to touch anything to do with the Orange Fraud because they know about his track record. A track record detailed in post #1 of this thread.

The last time a Trump company went public it didn't go well for investors

Trump made millions in the 1990s when his casino company went public. Investors lost a fortune.

www.nbcnews.com

 

[22lcidw]

The only "investment" premise was that trump would be able to fool enough fanboys to keep the stock afloat until he could dump it.

DWAC was a SPAC. If it had earnings it must have been earned interest on the money raised to form the acquisition company. It wasn't a business. It was formed to acquire one.

Going public by way of a SPAC is typically done because the market had no interest in a conventional IPO. Savvy investors and brokerage houses didn't want to touch anything to do with the Orange Fraud because they know about his track record. A track record detailed in post #1 of this thread.

The last time a Trump company went public it didn't go well for investors

Trump made millions in the 1990s when his casino company went public. Investors lost a fortune.

www.nbcnews.com

If Joe and many others who have screwed up the Federal Government went public the bankruptcies would have turned the whole earth into an abysmal slave hellhole. There are some great politicians. They are neutered and are unfortunately included in the whole profession by incompetent, traitorous, corrupted, and power-hungry rest.

 

[otto105]

WOW! Talk about yer TDS... btw ya dropped an "E" oddo. "Hilarious"

Its EPS is -4.08

 

[0311]

Its EPS is -4.08

There you go again, using those pesky facts. MAGA MAGGOTS hate facts. Facts interfere with their brainwashing.

 

[ElmerMudd]

If they had done any research they wouldn't have invested. The company has negative free cash flow of $33M with absolutely no prospect of making money. It was a scam from the beginning. The SPAC merger never should have been allowed.

It is all about the cult. If the cult leader sales anything, they must buy it, Trump Bible, Trump trading cards, Part of Trump's suit he was wearing when shot and worthlees stock in Trump's company.

 

[Leo123]

Someone has to.

MYOB

 

[JoeB131]

It is all about the cult. If the cult leader sales anything, they must buy it, Trump Bible, Trump trading cards, Part of Trump's suit he was wearing when shot and worthlees stock in Trump's company.

Not to mention his Assassination Merch!

 

[0311]

It is all about the cult. If the cult leader sales anything, they must buy it, Trump Bible, Trump trading cards, Part of Trump's suit he was wearing when shot and worthlees stock in Trump's company.

Trump Media will go the of Trump Steaks, Trump Airlines. His business acumen is sorely lacking.

 

[ElmerMudd]

/——/ So? I made my money and moved on. For a few weeks I traded SMCI on the AI wave, then moved on from that.
I wish Trump well in his business but no longer trade the stock.
You got anything else to harp on?

Why would you wish Trump well in fleecing investors?

 

[Fort Fun Indiana]

Now under $17

 

[struth]

Donald Trump's social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock exchange.

That decades-ago previous experience, however, did not end well for the company or its investors. While a 2016 Washington Post review found that Trump made over $44 million, the company — Trump Hotels and Casino Resorts — lost more than $1 billion and ended up in bankruptcy.


This time around, there’s at least one similarity between the two ventures separated by decades. The newly merged company that’s set to go public, Trump Media, will be listed on the Nasdaq stock exchange with the letters DJT, Trump’s initials. Trump Hotels and Casino Resorts used the same stock ticker when it went public with great fanfare in 1995.

“It’s going public and we’re really very happy about it," Trump told reporters almost 30 years ago. "It's going to be a great day."

The Atlantic City, N.J., company lost money every year, but its stock prices did well — for a time. In the initial public offering, the company raised $140 million, selling 10 million shares at $14 each.

By 1996, the stock reached a high of $35 a share before plummeting later that year, in part because the company bought another casino for $100 million more than its estimated $400 million value, The New York Times reported in 2016.

The last time a Trump company went public it didn't go well for investors​

Trump made millions in the 1990s when his casino company went public. Investors lost a fortune.

www.nbcnews.com

Remember when it was reported Trump hadn't paid taxes for years because he had a massive $1B in business losses to offset any money he made. If not for the hundreds of millions he made from a TV show pretending to be the successful businessman he never was in real life he might have had to declare bankruptcy for a 5th time.

Wow he made a boat load! Good for him

 

[otto105]

 

[Cellblock2429]

Why would you wish Trump well in fleecing investors?

/—-/ Thanks for proving you know nothing about the stock market or how things work.

 

[ElmerMudd]

/—-/ Thanks for proving you know nothing about the stock market or how things work.

You actually think this is a candidate to sell short? It is not.

 

[otto105]

Fat Elvis is working the pump and dump on his investors.

If he ever got elected, he would require anyone who has interest in dealing with him to buy the stock. Just like he did with his hotels that first time.

 

[John Edgar Slow Horses]

Buy buy buy

 

[Fort Fun Indiana]

Buy low!

Sell lower!

 

[0311]

Now under $17

It bottom out or they have to shut down the account. This stock is free fall.

 

[Delldude]

There you go again, using those pesky facts. MAGA MAGGOTS hate facts.

Really?