Bazzer
Well-Known Member
Potentially a windfall Trump was expecting might not happen.
Shares in his Truth Social platform were due to go public this month, via a special purpose acquisition company. - A company which has previously had problems and has had imposed a large fine. It was thought Trump was planning to sell a large tranche of his shares, in order to fund payment of the defamation and fraud judgements. But in doing so, he would dump on other investors a drop in share price. Unsurprisingly, it appears he also wanted to shaft his minority shareholding co founders.
Now it looks like Trump could face yet another law suit
https://www.forbes.com/sites/anafag...claiming-company-tried-to-dilute-their-stake/
Shares in his Truth Social platform were due to go public this month, via a special purpose acquisition company. - A company which has previously had problems and has had imposed a large fine. It was thought Trump was planning to sell a large tranche of his shares, in order to fund payment of the defamation and fraud judgements. But in doing so, he would dump on other investors a drop in share price. Unsurprisingly, it appears he also wanted to shaft his minority shareholding co founders.
Now it looks like Trump could face yet another law suit
https://www.forbes.com/sites/anafag...claiming-company-tried-to-dilute-their-stake/