Trump Media & Technology Group Corp DJT

Quite the background and connection to China

[KozmoT]

"

Blank-check company and Chinese finance

To facilitate becoming a publicly traded company, a special-purpose acquisition company (SPAC) called Digital World Acquisition Corp (DWAC) was created with the help of ARC Capital, a Shanghai-based firm specializing in listing Chinese companies on American stock markets that has been a target of SEC investigations for misrepresenting shell corporations.^{[26][27][28][29]} ARC also provided at least $2 million to get DWAC off the ground through a Singapore-based fund.^[29] Led by China-based banker Abraham Cinta, ARC Capital's global links included offices in Shanghai, Wuhan, Mexico City, and Jakarta, which Bloomberg News described as "surprising", due to Trump's comments on various foreign countries in office.^[30][31] Some investors were surprised to learn their investment money was being used to finance a Trump company.^[32] The DWAC chief executive Patrick Orlando, a Florida-based financier and former Deutsche Bank trader, was also the chief executive of the Wuhan-based Yunhong Holdings/Yunhong International, registered in the offshore tax haven of the Cayman Islands.^{[33][34][35][36]} In an October 2021 SEC filing, the special-purpose acquisition company Yunhong International stated its goal was to "capitalize on growing opportunities created by consumer/lifestyle businesses that have their primary operations in Asia."^[37] Reuters quoted a deleted presentation from 2020, in which ARC Capital said it "was able to craft a Wuhan-based SPAC sponsored by a family office, structured by ARC in Singapore, to allow our client to enjoy the flexibility and benefits of the U.S. financial markets."^[29] Yunhong was liquidated in December 2021, while its backers remained involved with the DWAC and Truth Social venture

[dart321]

Does this surprise anyone that trump would use a chinese company to finance his play. It doesn't shock me. The guy showed top secret docs about nuke subs to people from other countries and your shocked to see he is using chinese money. LOL he said he is going to be a dictator. 

[a2bman]

No. Not surprising.  Only surprising thing was  China, why not Saudi or Russia.  I would have gone with Saudi but then again the tiktok flipflop by Trump may explain

[quesea]

Not surprising ! Probably tied into both the Russians & the Mobs. Maybe a bit of church money also.  I think the logger is right though, it's soon to plummet to $13. 

[KozmoT]

Um, actually "the logger" was telling folks this was a "strong buy" at $50 ish.

[a2bman]

13 is not even with 1.30

[KozmoT]

His son-in-law Jared is already in deep with the Saudis ... to the tune of about $2 Billion.  As for Russia's involvment in TMTG ... you can be sure they back Trump 110%.  Think about it, its a perfect way to make an anonymous "campaign donation" to Trump. All he has to do is send them a few classified or Tp Secret documents from his stash.