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A separate article said that the Truth Social board can vote to waive those six month lockup rules.
Edit: See this article: https://www.businessinsider.com/trump-could-sell-truth-social-stock-early-son-friends-board-2024-3
Edit 2: Good news - apparently even with a waiver, he can only sell 1% of outstanding shares every quarter:
https://www.politico.com/news/2024/03/22/trump-truth-social-money-financial-troubles-00148456
Edit 3: Another depressing thought: Trump probably will take those shares at present-day valuations and take out a loan or post bond with the shares as collateral. It's his signature move to inflate his net worth - leverage everything, get cash, buy, and leverage again - so of course that's got to be the answer.
If they do, wall street will short the fuck out of this stock, it will free fall.
Do you happen to have a link for that 'cause I'd be interested in reading it.
Yup, here you go (I think I saw it on a different article, but this one confronts it more directly): https://www.businessinsider.com/trump-could-sell-truth-social-stock-early-son-friends-board-2024-3
Edit: See original post, this article has even more detail and suggests he can't sell more than 1% of outstanding shares each quarter: https://www.politico.com/news/2024/03/22/trump-truth-social-money-financial-troubles-00148456
Thanks. Looks like he's still fucked so good news for us.
Re: Edit 3 - nope. No one will loan or bond against inflated assets.
Ok, except maybe SA or pootin
So what's the best case math for slimeball? ~~1% of 60% of $3B (=18M?) every 3 months?~~
Ed: the 3B is already figured at 60% so it's 1% of 3.5B = $35M / quarter
Until the stock falls in the golden shitter