Trump Supporters Left Holding The Bag Once Again

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Donald Trump's Media Business Reports Less Than $1 Mln Revenue In Q2​


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Trump is locked out from selling his shares in DJT until September...unless...

...the board gives him permission to sell them early.

Since Trump owns over 60 percent of all DJT shares, he can extort the board and sell his shares before the price falls through the floor.

If Trump sells this month, it has to be reported to the SEC by September 10.

I started this topic to point out Trump his leaving his supporters holding the bag. He's done this before.

This is his media company's prospectus: https://www.sec.gov/Archives/edgar/data/1849635/000114036124033170/ny20031506x5_424b3.htm

Check this out:

As of June 25, 2024, President Donald J. Trump beneficially owns approximately 60.4% of the voting power of the outstanding TMTG common stock. As a result, President Donald J. Trump has the ability to significantly influence the outcome of matters submitted to TMTG’s stockholders for approval, including the election of directors and any merger, consolidation, or sale of all or substantially all of the TMTG’s assets. In the event that President Donald J. Trump controls the TMTG Board at the time of his death, control may be transferred to a person or entity that he designates as his successor. As a stockholder, even a controlling stockholder, President Donald J. Trump is entitled to vote his shares in his own interests, which may not always be in the interests of TMTG’s stockholders generally.
 
How do we know only Trumpers buy the stock ?
 
Trump is locked out from selling his shares in DJT until September...unless...

...the board gives him permission to sell them early.

Since Trump owns over 60 percent of all DJT shares, he can extort the board and sell his shares before the price falls through the floor.

If Trump sells this month, it has to be reported to the SEC by September 10.

I started this topic to point out Trump his leaving his supporters holding the bag. He's done this before.

This is his media company's prospectus: https://www.sec.gov/Archives/edgar/data/1849635/000114036124033170/ny20031506x5_424b3.htm

Check this out:

As of June 25, 2024, President Donald J. Trump beneficially owns approximately 60.4% of the voting power of the outstanding TMTG common stock. As a result, President Donald J. Trump has the ability to significantly influence the outcome of matters submitted to TMTG’s stockholders for approval, including the election of directors and any merger, consolidation, or sale of all or substantially all of the TMTG’s assets. In the event that President Donald J. Trump controls the TMTG Board at the time of his death, control may be transferred to a person or entity that he designates as his successor. As a stockholder, even a controlling stockholder, President Donald J. Trump is entitled to vote his shares in his own interests, which may not always be in the interests of TMTG’s stockholders generally.
Hopefully, Devin Nunes is one of them.

But, as a consolation prize he'll always have the stink of Trump's ass on his face.
 
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