Late September to November is going to be interesting
The lock-up period prohibiting Trump from selling or even borrowing against his $2.3 billion stake in Truth Social owner $Trump Media & Technology (DJT.US)$ is scheduled to expire by September 25, according to filings.
In theory, this will give Trump access to a pot of money that he could use to pay sky-high legal fees or even fund his presidential campaign. In reality, Trump faces huge obstacles that would make it very challenging to sell a large chunk of Trump Media – unless he doesn’t mind crashing the stock.
“It would be all but impossible for Trump to liquidate his whole stake or even a third of it without completely tanking the stock price,” Michael Ohlrogge, an associate professor of law at the New York University School of Law who has specialized in corporate governance and financial regulation, told CNN in a phone interview.
And the share price is already tanking.
In theory, this will give Trump access to a pot of money that he could use to pay sky-high legal fees or even fund his presidential campaign. In reality, Trump faces huge obstacles that would make it very challenging to sell a large chunk of Trump Media – unless he doesn’t mind crashing the stock.
“It would be all but impossible for Trump to liquidate his whole stake or even a third of it without completely tanking the stock price,” Michael Ohlrogge, an associate professor of law at the New York University School of Law who has specialized in corporate governance and financial regulation, told CNN in a phone interview.
And the share price is already tanking.
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Spark Light : If he cares money as you think, he wouldn’t run for president.
Ken Griffin Charity OP Spark Light : Why not? It’s made him a lot richer.
104026093 Ken Griffin Charity OP : Seriously? Most presidents get richer after their terms, Trump’s net worth shrinked
Tonyco 104026093 : Most former presidents aren't criminals. Anyway he tried to increase it by selling national secrets (treason).
Besides, his finances are purposefully obfuscated to the point it took several court orders to get his financial information. Not the hallmarks of an honest man.
In addition, to think this guy doesn't care about money is truly ridiculous and goes against almost everything we have seen for his entire lifetime...
Oh but he said he lost money, obviously a credible source thst should be trusted implicitly.