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Post by JuniorFE on Feb 29, 2024 11:02:38 GMT
True, but I can't help think that with the current Republicans in the senate it's going to be like here and whoever they replace him with is going to be even worse. Potentially, but the thing with McConnell is that he's a horrible person but an incredible politician, in the sense that he knew exactly what levers to pull, how to puppeteer voting and how to make the other Rep senators fall in line. He was a Palpatine, essentially, and whoever replaces him will likely be an even worse/crazier person, but I'm not sure if they have anyone with that level of political acumen in how they would handle things and work the senators...
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Post by JuniorFE on Feb 29, 2024 22:53:47 GMT
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Post by stuz359 on Mar 1, 2024 20:23:56 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer).
All the shit about selling sneakers is just a distraction.
This is just a theory, but quite a good one, who knows?
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Post by peekconfusion on Mar 1, 2024 20:33:38 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer). All the shit about selling sneakers is just a distraction. This is just a theory, but quite a good one, who knows? Trump doesn't strike me as the sort of person who'd pay someone else $350 dollars, let alone $350,000,000
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Post by JuniorFE on Mar 1, 2024 20:52:36 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer). All the shit about selling sneakers is just a distraction. This is just a theory, but quite a good one, who knows? It's not that simple. Tbh I don't know all the details either, but it seems that that $4bn he would potentially get from the merger Truth Social is going through right now would be in stock, not actual cash... Which means that: • He'd have to have access to said stock for trade (which I've read won't happen for months even if everything goes through flawlessly), plus find someone to buy said stock • The moment the stock price falls (all too plausible, it's Truth fucking Social) for any reason, say SPAC investors selling out before Trump or anyone else gets the chance to trade stock, said money goes poof • He's currently facing lawsuits there too, because he wanted to dilute stock value and fuck over the actual creators of Truth Social, so he might torpedo his own lifeboat (or at least delay it enough that he doesn't have access to the money before he needs it)
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X201
Junior Member
Posts: 4,804
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Post by X201 on Mar 1, 2024 21:00:59 GMT
There’s also Chinese and Russian money in it. Let’s hope he’s stupid enough to try and shaft them.
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Post by stuz359 on Mar 1, 2024 21:07:05 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer). All the shit about selling sneakers is just a distraction. This is just a theory, but quite a good one, who knows? It's not that simple. Tbh I don't know all the details either, but it seems that that $4bn he would potentially get from the merger Truth Social is going through right now would be in stock, not actual cash... Which means that: • He'd have to have access to said stock for trade (which I've read won't happen for months even if everything goes through flawlessly), plus find someone to buy said stock • The moment the stock price falls (all too plausible, it's Truth fucking Social) for any reason, say SPAC investors selling out before Trump or anyone else gets the chance to trade stock, said money goes poof • He's currently facing lawsuits there too, because he wanted to dilute stock value and fuck over the actual creators of Truth Social, so he might torpedo his own lifeboat (or at least delay it enough that he doesn't have access to the money before he needs it) Yeah it's a bit weird, but he owns Truth Social outright, so people buying shares once publicly listed, means that the money is going straight to him. He had a 100m followers on twitter and you just know that there are enough nutters out there to invest. Sad but true.
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Post by Jambowayoh on Mar 1, 2024 21:16:27 GMT
But the issue is that the mooted wealth is all on paper and October is the earliest shares could be sold by then they could be junk. The Trump Org are well known for bullshitting the value of stuff.
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Post by stuz359 on Mar 1, 2024 21:26:36 GMT
But the issue is that the mooted wealth is all on paper and October is the earliest shares could be sold by then they could be junk. The Trump Org are well known for bullshitting the value of stuff. True, it's basically how he ended up in the situation and litigation. But I can definitely see enough nutters buying Truth Social shares to cover his debt. Not talking about the serious financial class, just nutters.
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ned
New Member
Posts: 465
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Post by ned on Mar 1, 2024 21:43:25 GMT
If he’s told the court he’s liquid for 400 mil but doesn’t actually have it, is that perjury?
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Post by stuz359 on Mar 1, 2024 21:53:05 GMT
If he’s told the court he’s liquid for 400 mil but doesn’t actually have it, is that perjury? Pretty sure he's appealing (threw up a little there) so it will take months/years to get to the point when he has to pay any money.
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Post by JuniorFE on Mar 1, 2024 21:53:06 GMT
But the issue is that the mooted wealth is all on paper and October is the earliest shares could be sold by then they could be junk. The Trump Org are well known for bullshitting the value of stuff. True, it's basically how he ended up in the situation and litigation. But I can definitely see enough nutters buying Truth Social shares to cover his debt. Not talking about the serious financial class, just nutters. For what it's worth his GoFundMe has completely stalled after a decent first week, it's fallen back to barely covering the $110k-per-day interest (it was posted on the 16th, reached $1mil on the 23rd based on an announcement and is currently at just $1.3mil). So evidently there's a limit on what even the nutters can do. Not to mention that, unless he gets immediate access to the shares (and even then, "immediate" AFAIK means late March, so barely on time), it'll be too late to save him even if they're bought. He needs to pay up within 30 days from the judgement (February 23rd), and crucially, that holds true even if he wants to appeal, so he can't just keep delaying it (he tried, the judge told him to fuck off and pony up) He could still manage it. Let's hope he fucking doesn't, it's way past time the Cheeto actually ate shit for once.
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ned
New Member
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Post by ned on Mar 1, 2024 21:59:39 GMT
If he’s told the court he’s liquid for 400 mil but doesn’t actually have it, is that perjury? Pretty sure he's appealing (threw up a little there) so it will take months/years to get to the point when he has to pay any money. I thought I read somewhere he has to front the cash anyway even if he wants to appeal, as it’s held in some kind of escrow account, pending the outcome. And as he already told the court he has it there is no reason he cannot pay.
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Zyrr
New Member
Posts: 896
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Post by Zyrr on Mar 1, 2024 23:05:55 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer). All the shit about selling sneakers is just a distraction. This is just a theory, but quite a good one, who knows? I believe this is actually his intention. Unfortunately for him, the two co-founders of the site are now suing him because they're worried he'll try to stiff them on their share. There's a bit about it here:
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Post by Danno on Mar 2, 2024 0:03:08 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer). All the shit about selling sneakers is just a distraction. This is just a theory, but quite a good one, who knows? Estimated by whom?
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Post by Jambowayoh on Mar 2, 2024 0:22:29 GMT
From what I've read it seems to be based on what the Trump Org is pushing and what the pre merger share price could be, but again it's all paper worth.
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Blue_Mike
Junior Member
Meet Hanako At Embers
Posts: 4,958
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Post by Blue_Mike on Mar 2, 2024 0:29:06 GMT
This is an even better take, once Trump is locked in as the republican nominee, he takes Truth Social public. It's estimated he could make $4bn by doing that. So that $350m, is chump change (or Trump change if you prefer). All the shit about selling sneakers is just a distraction. This is just a theory, but quite a good one, who knows? He's being sued by his partners in that as well.
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Post by Danno on Mar 2, 2024 0:33:36 GMT
So it's bollocks, like everything he's ever been involved with. Cunt couldn't even distribute a decent steak.
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Post by Jambowayoh on Mar 4, 2024 12:25:04 GMT
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Post by Whizzo on Mar 4, 2024 12:34:22 GMT
He should stick to music, he's a fucking idiot when it comes to politics.
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Tuffty
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Posts: 3,386
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Post by Tuffty on Mar 4, 2024 12:42:38 GMT
This is 100% on brand. Man loves himself.
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Post by Vandelay on Mar 4, 2024 13:58:47 GMT
The cognitive dissonance is off the scale. How you can complain about the "big corpo man" and then back Trump is beyond me.
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Post by Jambowayoh on Mar 4, 2024 14:05:37 GMT
The cognitive dissonance is off the scale. How you can complain about the "big corpo man" and then back Trump is beyond me. Reading between the lines he obviously is someone who says woke unironically, definitely doesn't like immigrants and most likely doesn't like people from the LGBT community so yeah I guess he's one of those types who is a big fan of Trump hurting the right people.
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Post by Jambowayoh on Mar 4, 2024 15:18:46 GMT
Unsurprisingly Trump has been allowed on the Colorado state ballot as decreed by the supreme court. So yep Trump and Biden competition that may be quite close.
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Post by 😎 on Mar 4, 2024 15:28:26 GMT
Unsurprising but very accurate and reasoned. The Colorado ruling was stupid in the first place. Entirely symbolic, and had it remained it would a) feed into the conspiracy that elections are rigged, b) opened up a massive can of worms with red states deciding to arbitrarily remove Ds from ballots, and c) opened up an even bigger can of worms in the separation of state and federal and allow state courts to have jurisdiction over state matters even more than they already do.
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Post by Jambowayoh on Mar 4, 2024 15:35:27 GMT
TBF, those people who think that the whole thing is rigged are just going to see it as a victory against the DEEP STATE regardless and that some heroes in the Supreme Court bravely fought against as it were.
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Post by JuniorFE on Mar 4, 2024 15:39:11 GMT
Unsurprisingly Trump has been allowed on the Colorado state ballot as decreed by the supreme court. So yep Trump and Biden competition that may be quite close. Unanimously, FWIW. I suppose that at least now other states don't have the opportunity to boot Democrat candidates off the ballot, either...
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Post by Whizzo on Mar 4, 2024 16:07:15 GMT
Trump will now just be whining about a fixed election when, hopefully, he loses in November rather than saying the judges stole it from him.
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Ulythium
Full Member
Lily-livered
Posts: 6,694
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Post by Ulythium on Mar 4, 2024 16:08:05 GMT
TBF, those people who think that the whole thing is rigged are just going to see it as a victory against the DEEP STATE regardless and that some heroes in the Supreme Court bravely fought against as it were.
Exactly this.
For those who believe that "elections are rigged", it's a conspiracy either way - either Biden wins (election interference!), or Trump does (the Deep State tried to rig the election again, but this time they failed!).
Letting Trump on the ballot isn't going to make the tinfoil hat brigade believe in democracy again, if they ever did in the first place.
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Post by 😎 on Mar 4, 2024 16:21:44 GMT
But that's also not a reason to let a problematic ruling stand.
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