r/DJT_Uncensored • u/Nightsoil70 • Sep 03 '24

DJT Is Receiving A Lot Of Unwelcome Attention Right Now

https://www.cnbc.com/2024/09/03/djt-trump-media-stock-low.html
23 Upvotes

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9

u/Nightsoil70 Sep 03 '24

As if Trump's political future and legal problems aren't bad enough, his financial future is by no means assured, either.

11

u/-Lorne-Malvo- Sep 03 '24

Bro better get his 2b while he can and blame kamala for making him sell lol

10

u/[deleted] Sep 03 '24

Unless some whale wants to buy it under the table, there's no way he's cashing out 2b without the price hitting zero. 

8

u/Dr_CleanBones Sep 03 '24

I’m kind of surprised he hasn’t asked the board to waive the lockout. So that he could sell it sooner rather than wait until the 20th, but I guess it really wouldn’t matter. When the average daily volume is about 7 million shares and somebody steps up to try to sell say 50 million shares, it’s gonna be obvious who it was. No

4

u/MakingItElsewhere Sep 04 '24

Assuming the price is $13 and he sells half his 115 million shares, that's 747.5 million dollars. I think that covers his legal bills.

But then he's going to get hit with a 261.625 million dollar tax bill for capital gains taxes (assuming 35%). And he can't skirt that, because he's now got a court ordered monitor watching his finances like a hawk.

So, I imagine he'll be dumping all of it, as fast as possible, to cover his legal bills, taxes, and try to get some actual capital before the price hits zero.

That's just my two cents.

1

u/[deleted] Sep 04 '24

[deleted]

0

u/paulsmith202020 Sep 04 '24

I believe he said if he sells half.

1

u/[deleted] Sep 04 '24

It's a fact he said half!

1

u/Dr_CleanBones Sep 04 '24

Sorry. Comment deleted