Finally turning into a true life Elmer Gantry
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Well, exactly. There is a massive amount of stock in the hands of Trump and other assorted folk. I can't imagine there is the billions of dollars of institutional support necessary to maintain this long term. Look at Gamestop, AMC - it can only hold so long and they were significantly more liquid. I would guess about 75% of this remains in the C-suite.
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I was just looking at an article on this. A value of $9 billion off nine month revenues of $3.3 million. A price-sales ratio over 2000. Apparently Gamestop peaked at a ratio of 8. I'm no economist, but that appears divorced from reailty by orders of magnitude even compared to other meme stocks. I wonder how it compares to some of those dotcom bubble companies.
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Originally posted by Eggchaser View Post
I think he's barred from doing so for six months anyway.
If his shares were sellable and he wanted to sell, he could. (Also, ff his shares had actual value that financial people believed in, he could also use them as collateral on a bond).
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Originally posted by San Bernardhinault View PostFrom what I read elsewhere, there was the possibility of an end run around the 6 month lock up. But I can't remember my source now so view this with a degree of skepticism.
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- Apr 2023
- 627
- Ardiles/Villa/Hoddle era Spurs. Otherwise a casual fan of the game. Like when Bohs/Celtic do well.
- Chocolate covered Oreos. There, I said it.
Originally posted by San Bernardhinault View PostFrom what I read elsewhere, there was the possibility of an end run around the 6 month lock up. But I can't remember my source now so view this with a degree of skepticism.
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Truth Social down 23 percent so far today
https://twitter.com/mattsheffield/status/1774838547390116231?s=12&t=xvOireV8JOIS_CpbTtDBow
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He got a non-Elmo fanboy to post the bond.
A subprime car loan tycoon who has already funded him to the tune of a couple hundred million
https://twitter.com/lawofruby/status/1774961626346655748?s=12&t=xvOireV8JOIS_CpbTtDBow
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