RE:DJT at best will have 30% of outstanding shares tradeable.JVJ24601 wrote: Its been estimated that after the merger between DWAC & Trump Media starts trading tomorrow at DJT, and Trump is estimated to own 79.0M shares of 58.1% of the two companies. 79.0M/ divided by 0.581 = 136M shares will be outstanding.
PER CNN: Trump stands to be the dominant shareholder, with a stake of at least 58.1%, according to The merger agreement calls for Trump to own roughly 79 million shares of the new public company – and potentially tens of millions more if certain goals are hit.
Figure 70% (95M) will not be tradeable for 6 months (Trumps 60% share + 10% of the other investors from DWAC & Trump Media). That leaves roughly 40M tradaeable. 20% of the 5M Truth Social subscribers , which is a subset of the 35M far right US wacco's, plus 10% of the 35M wacco - make 4.5M. The only have to buy 10 share (currently $500) ... and much less than a flight to Washington DC for a riot... and this thing could launch like AMC and Gamestop.
And Fox ratcheting up the $450M bond drop to $175M Bond and the NY Criminal Case moving forward on bias and political conspiracy theory... the Truth Social Members and the 10% of the 35M wacco voters may just come out and support this stock... simply to jack the price up so they can support Trump in his legal bills. Little do these novice retail investor know....they would need to keep the stock up at a high price for 6 months for Trump to sell and get out with serious $'s. and that's where it will drop.
But who knows what will happen. It could tank just as well. LOL
Most Trump voters wouldn't have the intelligence to know how to buy any shares, let alone have the money to do it.