Bullboard - Stock Discussion Forum Trump Media & Technology Group Corp DJT

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Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal... see more

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NDAQ:DJT - Post Discussion

Trump Media & Technology Group Corp > Cash assets

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Post by BlackBear22 on Nov 05, 2024 5:27pm

Cash assets

How did DJT's cash assets go from $344 Mil in the 2nd quarter to $643 Mil in the 3rd quarter?
They are issuing shares and not disclosing the O/S shares balance.
If not, then how? A $Mil in revenue is not going help.

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Comment by Tradinghands on Nov 05, 2024 5:38pm

He is also in debt for $2B

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Comment by a2bman on Nov 05, 2024 5:57pm

Good question bb. Maybe this will help. During the quarter ended September 30, 2024, Yorkville purchased 17,330,365 shares of Common Stock for prices between $14.31 and $36.13 per share, pursuant to the terms of the SEPA. Proceeds of these equity sales under the terms of the SEPA were approximately $339,463.1 for the nine months ended September 30, 2024.

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Comment by a2bman on Nov 05, 2024 6:12pm

The numbers sneak out post market close on election night. These guys are a joke. The pump crew made 4% of 330mm. I haven't been able to find the dilution Inn the numbers yet. Not sure where the shares came from and therefore how the money got into djt. There had to be dilution, if the company got the funds. Anyone see it?

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