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  1. #1
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    Default Investment opportunity or farce?

    So if you believe in Trump and hate Big Tech here's your chance to make money, what could go wrong?
    https://www.tmtgcorp.com/company-overview/

    All I can say is caveat emptor.
    Last edited by River Rat; 2021/10/24 at 06:06 AM.

  2. #2
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    Default Re: Investment opportunity or farce?

    Meanwhile, business journalists are suggesting that the new Trump media company is not a failure at all, because it was never actually meant to be a media company so much as a way to siphon money out of investors.


    Matt Levine in Bloomberg outlines how a vehicle called a special purpose acquisition company (SPAC), which is a publicly traded investment company, is designed to merge with a new company that is not yet public, to allow investment in that SPAC based on expectations of future income thanks to the new company. (Someone explained this to me by saying it’s like a sea slug taking over a shell so it can do business as the shell organism quickly and without oversight.)


    In this case, the announcement that the new Trump Media & Technology Group (TMTG) would merge with a SPAC called Digital World Acquisition Corporation (DWAC) sent DWAC’s stock soaring by as much as 160%. It was the most traded stock on the New York Stock Exchange, with more than 260 million shares traded by midday.


    The company never has to produce anything. Investors can make money just based on how people think the company might perform—or not—in the future.
    (Heather Cox Richardson)

    https://www.bloomberg.com/news/artic...y?srnd=premium

    Caveat emptor for sure...
    Robert van den Berg...(fully vaccinated with two Pfizer jabs & certified)

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  3. #3
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    Default Re: Investment opportunity or farce?

    During the 1940s, my Gran and all her neighbours, donated their pots, pans and garden railings to make armaments and aircraft. Maybe one of her pots took out a panzer and whacked some blockheads

    Hell, I would make a donation immediately, never mind invest, if this could do the same to some liberals
    Estee = S T = Sean Towlson

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  5. #4
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    Default Re: Investment opportunity or farce?

    Quote Originally Posted by Estee View Post
    During the 1940s, my Gran and all her neighbours, donated their pots, pans and garden railings to make armaments and aircraft. Maybe one of her pots took out a panzer and whacked some blockheads

    Hell, I would make a donation immediately, never mind invest, if this could do the same to some liberals
    Send you my address?

    Robert van den Berg...(fully vaccinated with two Pfizer jabs & certified)

    '98 Daihatsu Rocky 'The Kitty' (jabbed with 50ppm)
    '02 Daihatsu Rocky 'The Bully' (jabbed with 50ppm)

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  7. #5
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    Default Re: Investment opportunity or farce?

    Quote Originally Posted by Estee View Post
    During the 1940s, my Gran and all her neighbours, donated their pots, pans and garden railings to make armaments and aircraft. Maybe one of her pots took out a panzer and whacked some blockheads

    Hell, I would make a donation immediately, never mind invest, if this could do the same to some liberals
    You won't be the only one plenty of people pilling in already, https://markets.businessinsider.com/...tartup-2021-10.

    All I can say is that at least your Gran's pot made it into an armament.

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  9. #6
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    Default Re: Investment opportunity or farce?

    Quote Originally Posted by Estee View Post
    Hell, I would make a donation immediately, never mind invest, if this could do the same to some liberals
    Could not have said it better, this is how Trump is going to raise enough cash to repay the hundreds of millions in debt thats coming due soon.
    Anton Muller

    "That which can be asserted without evidence, can be dismissed without evidence." Christopher Hitchens.

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  11. #7
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    Default Re: Investment opportunity or farce?

    For me this represents an awesome short trade opportunity, because like all Trump investments only he makes money his investors lose theirs. I would give it a year or two before this investment collapses like a pack of cards, so donate away chaps my grandchildren's trust will be grateful.

  12. #8
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    Default Re: Investment opportunity or farce?

    Seems like certain members are missing Trump bad.

    Lingering effects of TDS should be declared like long covid.

    long tds


    Mr. Karol Joszkowski
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  13. #9
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    Default Re: Investment opportunity or farce?

    Quote Originally Posted by Prof View Post
    (Heather Cox Richardson)

    https://www.bloomberg.com/news/artic...y?srnd=premium

    Caveat emptor for sure...
    Hehe.. you think?Click image for larger version. 

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  15. #10
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    Default Re: Investment opportunity or farce?

    The roller coaster ride has started 20% down.
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