Donald Trump Private Citizen

printer

Well-Known Member
So much for a do or die.

Trump social media startup wins more time to go public

At stake for Trump Media is at least $300 million that’s set to be injected into the company, which operates Trump’s social media platform Truth Social.

Investors on Tuesday granted a last-minute lifeline to the company looking to take former President Donald Trump’s social media venture public, handing executives another year to finish the transaction ahead of a do-or-die deadline this week.
More than 65 percent of shareholders in Digital World Acquisition Corp. — a so-called special purpose acquisition company — signed off on giving it until next September to complete its beleaguered merger with Trump Media & Technology Group and list the combined firm on Nasdaq.

If the extension had not been granted by Friday, Digital World — and the deal itself — would have effectively died. At stake for Trump Media is at least $300 million that’s set to be injected into the company, which operates Trump’s social media platform Truth Social.

Spokespeople for Digital World and Trump Media did not immediately respond to requests for comment.
Since being unveiled in October 2021, the Digital World and Trump Media deal has been hit with a flood of questions from investors, lawmakers and regulators.

The companies recently reaffirmed their commitments to the transaction, after Digital World settled charges from the Securities and Exchange Commission alleging that the company misled investors about its negotiations with Trump Media. Digital World and Trump Media at the time also rolled out a series of changes to the structure of the combined entity, including a move that will further cement Trump’s control over it by giving the former president 55 percent of voting power in the stock.

Truth Social has become Trump’s favorite place to post online since being kicked off X, the company formerly known as Twitter, in the wake of the Jan. 6, 2021, attack on the Capitol. Trump was reinstated on X last year, but has since only posted once with a photo of his mugshot on Aug. 24.

While the extension vote stood as one of the biggest remaining obstacles, Digital World and Trump Media still have more to do before their merger can close. Digital World, for instance, must file amended regulatory filings before Oct. 9. If the company does not, Trump Media can walk away.
“Thank you for all of the outstanding support,” Digital World CEO Eric Swider posted on Truth Social after the vote was announced Tuesday. “Please understand my silence. We remain focused on the task at hand and are watching every word we say.”
 

DIY-HP-LED

Well-Known Member
So much for a do or die.

Trump social media startup wins more time to go public

At stake for Trump Media is at least $300 million that’s set to be injected into the company, which operates Trump’s social media platform Truth Social.

Investors on Tuesday granted a last-minute lifeline to the company looking to take former President Donald Trump’s social media venture public, handing executives another year to finish the transaction ahead of a do-or-die deadline this week.
More than 65 percent of shareholders in Digital World Acquisition Corp. — a so-called special purpose acquisition company — signed off on giving it until next September to complete its beleaguered merger with Trump Media & Technology Group and list the combined firm on Nasdaq.

If the extension had not been granted by Friday, Digital World — and the deal itself — would have effectively died. At stake for Trump Media is at least $300 million that’s set to be injected into the company, which operates Trump’s social media platform Truth Social.

Spokespeople for Digital World and Trump Media did not immediately respond to requests for comment.
Since being unveiled in October 2021, the Digital World and Trump Media deal has been hit with a flood of questions from investors, lawmakers and regulators.

The companies recently reaffirmed their commitments to the transaction, after Digital World settled charges from the Securities and Exchange Commission alleging that the company misled investors about its negotiations with Trump Media. Digital World and Trump Media at the time also rolled out a series of changes to the structure of the combined entity, including a move that will further cement Trump’s control over it by giving the former president 55 percent of voting power in the stock.

Truth Social has become Trump’s favorite place to post online since being kicked off X, the company formerly known as Twitter, in the wake of the Jan. 6, 2021, attack on the Capitol. Trump was reinstated on X last year, but has since only posted once with a photo of his mugshot on Aug. 24.

While the extension vote stood as one of the biggest remaining obstacles, Digital World and Trump Media still have more to do before their merger can close. Digital World, for instance, must file amended regulatory filings before Oct. 9. If the company does not, Trump Media can walk away.
“Thank you for all of the outstanding support,” Digital World CEO Eric Swider posted on Truth Social after the vote was announced Tuesday. “Please understand my silence. We remain focused on the task at hand and are watching every word we say.”
The future of the company depends on if they let Trump do social media from a prison cell. One of the reasons to imprison him is to muzzle him, so other than what his visitors report of what he said... I wonder how his current lawsuit will affect their thinking, for that matter I wonder who is behind his current banking, since no banker would touch him, and he apparently can't find an accounting firm. Who is the banker for Trump inc? I'm sure the receiver will need to know who to cut the check to. The trial to settle the amount starts tomorrow and it's up to the judge, since Trump's incompetent lawyer forgot to check the jury trial check box. It's just as well, a NY jury would have probably cleaned him out for more cash.
 

topcat

Well-Known Member

printer

Well-Known Member
"How dare you say I am, poor?"

Trump demands ‘full apology’ from Forbes after dropping off wealthiest Americans list
Former President Trump demanded a “full apology” from Forbes magazine Tuesday after dropping off the list of wealthiest Americans earlier this month for the second time in three years.

“I hereby demand a full apology from the failing Forbes Magazine,” Trump wrote on Truth Social, saying the publication had written many false articles about him.

He then accused Forbes of being owned by China, and wrote China would do anything to stop “MAGA.” Trump is the front-runner for the GOP presidential nomination.

Forbes has been owned by a Hong Kong-based investment company, though it has been in discussions this year on a sale that would make its majority ownership based in the United States.

Trump expressed his frustration with dropping from The Forbes 400 ranking on Truth Social on Monday, as well. In that post, he said Forbes was “very badly failing” and “lost relevance a long time ago.”

“For years Forbes has attacked me with really dumb writers assigned to hit me hard, and I am now up 60 Points on the Republicans, and beating Crooked Joe by a lot,” Trump said. “So much for Forbes!”
Trump is currently dealing with a civil fraud trial in New York, in which New York Attorney General Letitia James (D) has alleged he inflated the value of properties and companies.

His net worth is down by $600 million from a year ago, according to the Forbes list. The former president, reportedly “obsessed” with the list, missed making it by $300 million, according to Forbes.

Trump was on the list from 1996 to 2021.
 

cannabineer

Ursus marijanus
"How dare you say I am, poor?"

Trump demands ‘full apology’ from Forbes after dropping off wealthiest Americans list
Former President Trump demanded a “full apology” from Forbes magazine Tuesday after dropping off the list of wealthiest Americans earlier this month for the second time in three years.

“I hereby demand a full apology from the failing Forbes Magazine,” Trump wrote on Truth Social, saying the publication had written many false articles about him.

He then accused Forbes of being owned by China, and wrote China would do anything to stop “MAGA.” Trump is the front-runner for the GOP presidential nomination.

Forbes has been owned by a Hong Kong-based investment company, though it has been in discussions this year on a sale that would make its majority ownership based in the United States.

Trump expressed his frustration with dropping from The Forbes 400 ranking on Truth Social on Monday, as well. In that post, he said Forbes was “very badly failing” and “lost relevance a long time ago.”

“For years Forbes has attacked me with really dumb writers assigned to hit me hard, and I am now up 60 Points on the Republicans, and beating Crooked Joe by a lot,” Trump said. “So much for Forbes!”
Trump is currently dealing with a civil fraud trial in New York, in which New York Attorney General Letitia James (D) has alleged he inflated the value of properties and companies.

His net worth is down by $600 million from a year ago, according to the Forbes list. The former president, reportedly “obsessed” with the list, missed making it by $300 million, according to Forbes.

Trump was on the list from 1996 to 2021.
We are profoundly sorry, Sir, that your net worth falls below the cut. Thoughts and brayers.

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DIY-HP-LED

Well-Known Member
"How dare you say I am, poor?"

Trump demands ‘full apology’ from Forbes after dropping off wealthiest Americans list
Former President Trump demanded a “full apology” from Forbes magazine Tuesday after dropping off the list of wealthiest Americans earlier this month for the second time in three years.

“I hereby demand a full apology from the failing Forbes Magazine,” Trump wrote on Truth Social, saying the publication had written many false articles about him.

He then accused Forbes of being owned by China, and wrote China would do anything to stop “MAGA.” Trump is the front-runner for the GOP presidential nomination.

Forbes has been owned by a Hong Kong-based investment company, though it has been in discussions this year on a sale that would make its majority ownership based in the United States.

Trump expressed his frustration with dropping from The Forbes 400 ranking on Truth Social on Monday, as well. In that post, he said Forbes was “very badly failing” and “lost relevance a long time ago.”

“For years Forbes has attacked me with really dumb writers assigned to hit me hard, and I am now up 60 Points on the Republicans, and beating Crooked Joe by a lot,” Trump said. “So much for Forbes!”
Trump is currently dealing with a civil fraud trial in New York, in which New York Attorney General Letitia James (D) has alleged he inflated the value of properties and companies.

His net worth is down by $600 million from a year ago, according to the Forbes list. The former president, reportedly “obsessed” with the list, missed making it by $300 million, according to Forbes.

Trump was on the list from 1996 to 2021.
Wait until NY is done cleaning him out and revealing everything about his financial situation, he will need some Saudi money at least! If Joe said he was gonna confiscate Russian property in America and make Russia a state sponsor of terrorism, to finance Ukraine if the congress won't. I wonder what Trump's reaction would be. Would the magats suddenly pass funding for Ukraine if private Russian money were at risk? The government would then be in the business of detecting and tracing all private Russian assets in America and seizing them.

Trump is already ordered to reveal all his secret equity partners by the court, and some expect he won't comply, a receiver will control his businesses and dispose of the assets after paying off creditors. Some pundits say the final number in NY will be closer to $600 million and not $250 million. The civil case will be followed up by criminal ones for Trump, Don and Eric at least and convictions would result in long state prison sentences. I figure Trump will be bankrupt before being convicted of crimes this spring.
 

cannabineer

Ursus marijanus
Wait until NY is done cleaning him out and revealing everything about his financial situation, he will need some Saudi money at least! If Joe said he was gonna confiscate Russian property in America and make Russia a state sponsor of terrorism, to finance Ukraine if the congress won't. I wonder what Trump's reaction would be. Would the magats suddenly pass funding for Ukraine if private Russian money were at risk? The government would then be in the business of detecting and tracing all private Russian assets in America and seizing them.

Trump is already ordered to reveal all his secret equity partners by the court, and some expect he won't comply, a receiver will control his businesses and dispose of the assets after paying off creditors. Some pundits say the final number in NY will be closer to $600 million and not $250 million. The civil case will be followed up by criminal ones for Trump, Don and Eric at least and convictions would result in long state prison sentences. I figure Trump will be bankrupt before being convicted of crimes this spring.
Defendant complaining that his net worth is being underestimated simply paints a bigger target on him for current and impending lawsuits.

Sort of when he foolishly appraised his Florida property in the course of his fraud trial. Jared Moskowitz promptly suggested to the county tax appraiser that he be taxed on that much larger declared value. I’m still smiling about that one.
 

DIY-HP-LED

Well-Known Member
It is stupid that the media are giving that man so much oxygen.

Just showing how big a fucking idiot he is, many republicans are conflicted people, some support Ukraine and some Russia, or sound like it and all claim to support Israel, but march and ally with nazis and are silent about their threats and hate filled antisemitic rhetoric. At every Trump event you are bound to see swastikas and the stars and bars which symbolizes the same ideas.

Policy doesn't matter to these people, neither does self-consistency, many are misled, not thinking straight, bigoted or just plain stupid.
 

cannabineer

Ursus marijanus

Judges can threaten gag order violators with fines or jail time, but jailing a presidential candidate could prompt serious political blowback and pose logistical hurdles.

I think we need to take this one head-on. We need to find out by doing it. The bolded, if heeded, places candidates above the rule of law. Were that man anyone else (like Teixeira) he’d be jailed pending trial after all his judicially proscribed behaviors, such as the infamous “if you go after me” post.

The above looks to me like a distortion of the legal process grounded in politics. This is an opportunity for Judge Chutkan to show courage in containing that man’s ongoing criminal defiance against already existing restrictions.
 
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