Lowell Tuttle
On 4 23 2024, Trump "earned" an additional 1.2 billion dollars in the form of 36 million "bonus" shares. An SEC filing (from when the DJT/Truth Social media group was formed) had a stipulation that he was entitled to said bonus if the stock traded above $17.50 for 20 days in any 30 day period within the next three years.
No "stakeholders" can sell their shares during a six month lockout period from when the merger started. Actually *edit* I don't know what I am talking about here. Certain types of stakeholders who are shareholders of a defined type, can't sell for six months...
I don't understand this, but from what I can gather, short selling involves persons owning shares (like you or me,) "loaning" their shares to someone who sells a put...generally at a lower price, driving down the price...but I don't understand the other side of the transaction...
36 million shares might be worth nothing when he sells or has a legitimate selling oportunity...or it might be worth billions.
I guess a "stakeholder" is or are initial investors. When an entity goes public, or becomes public, they have to file data with the SEC...
Somehow, stakeholders can't buy and sell according to this stock...but, 13%? of the company is or are shares which can be traded? (Can a stakeholder also buy and sell part of the 13%?)
Anyway, short sellers are working with that 13% and the stock is going up or not from the perceived sale short of those shares only. The 87% which I guess is/are stakeholders cannot sell...but if they buy up the 13% why couldn't they hold off the short selling?
The company is sending the 13% shareholders instructions on how they can avoid having their shares loaned out for short selling...
This is way too hard for my brain to understand.
I just know there is literally no value to this media enterprise...at least relative to its market cap.
But, you know, so are a lot of other stocks...like Tesla...and just about all the tech stocks under 10 years old on the Nasdaq...
Be careful out there with your money, not just RHS'ers, but everyone
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