DiabloWags said:

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oski003 said:

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DiabloWags said:

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oski003 said:

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DiabloWags said:

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Unit2Sucks said:

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DiabloWags said:

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The biggest short on the board this year is coming soon.

Symbol: DJT

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For a period of time he will actually be a billionaire.


Without the DWAC/DJT pump and dump, he's a BINO. The long term price target for that business is ... $0. Just a question as to how long the various fraud continues to prop it up.

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I think that this will wind up being a long-term short of mine.
Could very well be the greatest "pump and dump" in history.

If it mimics what DWAC did (had a high of $175 before crashing to $10) it could very well be.
Literally traded one-third of the outstanding shares today.

I hope every MAGAT puts their life's savings into the IPO.

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$40 Puts on it a year out were selling for $30 or so yesterday. You certainly aren't early on this action.

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I dont really care about DWAC.

That was a 2021 trade.
DJT is what Im focused on.

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A DWAC short or put holds post merger. It is practically the same thing. Duh.

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How many times do I have to say that's NOT MYFOCUS.

Youre such a petulant whiny child.

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oski003 said:

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calbear93 said:

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DiabloWags said:

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Unit2Sucks said:

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DiabloWags said:

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The biggest short on the board this year is coming soon.

Symbol: DJT

---

For a period of time he will actually be a billionaire.


Without the DWAC/DJT pump and dump, he's a BINO. The long term price target for that business is ... $0. Just a question as to how long the various fraud continues to prop it up.

---

I think that this will wind up being a long-term short of mine.
Could very well be the greatest "pump and dump" in history.

If it mimics what DWAC did (had a high of $175 before crashing to $10) it could very well be.
Literally traded one-third of the outstanding shares today.

I hope every MAGAT puts their life's savings into the IPO.

---

Most IPOs will have the underwriters demanding lockups from insiders, including shareholders holding over 10% and directors/officers. Trump will not be able to sell for at least 60 days, but most likely 90 days. They don't want insiders selling while the underwriters are making a market for the stock. We will see where the stock is when he can sell.

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Trump's not allowed to sell or borrow against any of his shares for six months, but that could change if a board consisting of his allies and family members agrees on it.

https://www.msn.com/en-us/money/markets/trump-could-sell-billions-in-truth-social-stock-early-if-a-board-consisting-of-his-son-and-former-colleagues-agrees/ar-BB1kmXSi?ocid=hpmsn&cvid=402c0b8f60c94be5aa7effcb900a5135&ei=22

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DiabloWags said:

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I see no real media market advantage with Truth Social.

Trump has a license agreement requiring him to make any of his PERSONAL social media posts on Truth Social first, and to wait 6 hours before posting elsewhere.

But that exclusivity doesnt apply to his "political" content.

Moreover, Trump decides what is personal or political .... and that could include everything.

The Prospectus clearly states this possibility.

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DiabloWags said:

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oski003 said:

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Why are you talking about a 2021 trade that is NOT YOUR FOCUS?

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Why do you show how dumb you are EVERY SINGLE DAY HERE?

You constantly follow me around like a jilted high school girl.

I don't reply to you about how to make money in the market because you're a MORON.
Got that straight Mr. Novavax pumper?

You couldn't put me on IGNORE if your life depended on it.

That's how pathetic your life is.

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DiabloWags said:

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When a MORON posts thousands of times on a COVID VACCINE THREAD pumping a company that COLLAPSES from $300 to under $5 in only two years and his name turns out to be the mascot of the school that you got your Bus Ad degree from.

NOVAVAX

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DiabloWags said:

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oski003 said:

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DiabloWags said:

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oski003 said:

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Why are you talking about a 2021 trade that is NOT YOUR FOCUS?

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Why do you show how dumb you are EVERY SINGLE DAY HERE?

You constantly follow me around like a jilted high school girl.

I don't reply to you about how to make money in the market because you're a MORON.
Got that straight Mr. Novavax pumper?

You couldn't put me on IGNORE if your life depended on it.

That's how pathetic your life is.

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Why are you talking about a 2021 trade that is NOT YOUR FOCUS?

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You sound terribly confused.

The Prospectus that I'm clearly referring to was filed just last month with the SEC.
It's a NEW PROSPECTUS for Truth Social that is my FOCUS.

Duh.

For example, Trump can cancel his "exclusivity" agreement with 30 days notice "at any tme on or after Feb. 2, 2025".

You really should stop talking about things that you know NOTHING about.
It makes you look like an idiot.


S-4/A (sec.gov)

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oski003 said:

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DiabloWags said:

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oski003 said:

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DiabloWags said:

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oski003 said:

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Why are you talking about a 2021 trade that is NOT YOUR FOCUS?

---

Why do you show how dumb you are EVERY SINGLE DAY HERE?

You constantly follow me around like a jilted high school girl.

I don't reply to you about how to make money in the market because you're a MORON.
Got that straight Mr. Novavax pumper?

You couldn't put me on IGNORE if your life depended on it.

That's how pathetic your life is.

---

Why are you talking about a 2021 trade that is NOT YOUR FOCUS?

---

You sound terribly confused.

The Prospectus that I'm clearly referring to was filed just last month with the SEC.
It's a NEW PROSPECTUS for Truth Social that is my FOCUS.

Duh.

For example, Trump can cancel his "exclusivity" agreement with 30 days notice "at any tme on or after Feb. 2, 2025".

You really should stop talking about things that you know NOTHING about.
It makes you look like an idiot.


S-4/A (sec.gov)

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You are terribly confused. That is DWAC reverse merging into Truth Social. Learn to read. You really should stop talking about things that you know NOTHING about.
It makes you look like an idiot. Seriously.

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concordtom said:

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I assume there will be Options trading on DJT.
Maybe trump can't engage in stock sales, but maybe he can engage in the options markets to lock in gains.

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Unit2Sucks said:

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calbear93 said:

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I am not sure I understand the disagreement. DWAC was a SPAC - special purpose acquisition company that raised funds as a blank check company that could merge with a private company to take the private company public. There were SEC reviews and shareholder approval required. It looks like they have the votes necessary to de-SPAC and the combined entity will start trading under the symbol DJT. Became a popular way for private to get acquired and go public immediately by merging with an already public blank-check company. No need for an IPO process with underwriters.
[url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm][/url]
https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm

One thing I will say is that if the Board waived the lock-up agreement and the price went down from the sales, there would be a very good breach of fiduciary duty claim by the other shareholders against not only the Board but also from the majority shareholder.

---

There are no guarantees in life, but what do you think the chances are of a shareholder lawsuit against DJT and Trump in the next year or so? The company, which he controls, now has $300M in cash. He is a crook who his spent his whole life bleeding companies dry and mixing business and personal expenses. This is exactly what happened with his last public company. He doesn't believe that rules apply to him and the board is primarily composed of his idiot nepo baby son and 3 of his political sycophants who appear to have no moral or ethical lines and will do whatever he asks.

Like with most things involving Trump, we know how it ends we just don't know when it ends. There is zero doubt that idiot MAGAts will be left holding the bag at some point. I suppose as long as Trump needs the stock price to be propped up, it will be by a variety of domestic and foreign agents interested in currying favor with Trump.

The current value of the business is likely negative - it's losing like $100M per year based on revenue of ~$5M (probably all from My Pillow lol), the user base is shrinking quickly and it's being run by Devin Nunes. The final nail in the coffin is that Twitter under Elno has become by far the preferred social media tool for right wing nut jobs and foreign agents looking to convert more Americans into useful idiots.

Anyone want to guess how quickly Trump starts draining Truth Social of the $300M in cash currently sitting on the books? He can probably do a day one dividend and clear $200M post taxes (since he has billions in carry forward losses, I doubt he'd pay even a penny).

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oski003 said:

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For those not calling people uninformed morons and pretending DWAC isn't merging into Truth Social, DWAC is up 38% today.

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calbear93 said:

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Unit2Sucks said:

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calbear93 said:

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I am not sure I understand the disagreement. DWAC was a SPAC - special purpose acquisition company that raised funds as a blank check company that could merge with a private company to take the private company public. There were SEC reviews and shareholder approval required. It looks like they have the votes necessary to de-SPAC and the combined entity will start trading under the symbol DJT. Became a popular way for private to get acquired and go public immediately by merging with an already public blank-check company. No need for an IPO process with underwriters.
[url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm][/url]
https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm

One thing I will say is that if the Board waived the lock-up agreement and the price went down from the sales, there would be a very good breach of fiduciary duty claim by the other shareholders against not only the Board but also from the majority shareholder.

---

There are no guarantees in life, but what do you think the chances are of a shareholder lawsuit against DJT and Trump in the next year or so? The company, which he controls, now has $300M in cash. He is a crook who his spent his whole life bleeding companies dry and mixing business and personal expenses. This is exactly what happened with his last public company. He doesn't believe that rules apply to him and the board is primarily composed of his idiot nepo baby son and 3 of his political sycophants who appear to have no moral or ethical lines and will do whatever he asks.

Like with most things involving Trump, we know how it ends we just don't know when it ends. There is zero doubt that idiot MAGAts will be left holding the bag at some point. I suppose as long as Trump needs the stock price to be propped up, it will be by a variety of domestic and foreign agents interested in currying favor with Trump.

The current value of the business is likely negative - it's losing like $100M per year based on revenue of ~$5M (probably all from My Pillow lol), the user base is shrinking quickly and it's being run by Devin Nunes. The final nail in the coffin is that Twitter under Elno has become by far the preferred social media tool for right wing nut jobs and foreign agents looking to convert more Americans into useful idiots.

Anyone want to guess how quickly Trump starts draining Truth Social of the $300M in cash currently sitting on the books? He can probably do a day one dividend and clear $200M post taxes (since he has billions in carry forward losses, I doubt he'd pay even a penny).

---

Would be interesting to see what they would be paying for D&O insurance, and who would want to be in that tower. If I were an independent director at the resulting company, I would want as much Side A coverage as possible knowing that the company may not have the assets to back up the indemnification agreement.

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oski003 said:

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For those not calling people uninformed morons and pretending DWAC isn't merging into Truth Social, DWAC is up 38% today.

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Unit2Sucks said:

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calbear93 said:

---

Unit2Sucks said:

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calbear93 said:

---

I am not sure I understand the disagreement. DWAC was a SPAC - special purpose acquisition company that raised funds as a blank check company that could merge with a private company to take the private company public. There were SEC reviews and shareholder approval required. It looks like they have the votes necessary to de-SPAC and the combined entity will start trading under the symbol DJT. Became a popular way for private to get acquired and go public immediately by merging with an already public blank-check company. No need for an IPO process with underwriters.
[url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm][/url]
https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm

One thing I will say is that if the Board waived the lock-up agreement and the price went down from the sales, there would be a very good breach of fiduciary duty claim by the other shareholders against not only the Board but also from the majority shareholder.

---

There are no guarantees in life, but what do you think the chances are of a shareholder lawsuit against DJT and Trump in the next year or so? The company, which he controls, now has $300M in cash. He is a crook who his spent his whole life bleeding companies dry and mixing business and personal expenses. This is exactly what happened with his last public company. He doesn't believe that rules apply to him and the board is primarily composed of his idiot nepo baby son and 3 of his political sycophants who appear to have no moral or ethical lines and will do whatever he asks.

Like with most things involving Trump, we know how it ends we just don't know when it ends. There is zero doubt that idiot MAGAts will be left holding the bag at some point. I suppose as long as Trump needs the stock price to be propped up, it will be by a variety of domestic and foreign agents interested in currying favor with Trump.

The current value of the business is likely negative - it's losing like $100M per year based on revenue of ~$5M (probably all from My Pillow lol), the user base is shrinking quickly and it's being run by Devin Nunes. The final nail in the coffin is that Twitter under Elno has become by far the preferred social media tool for right wing nut jobs and foreign agents looking to convert more Americans into useful idiots.

Anyone want to guess how quickly Trump starts draining Truth Social of the $300M in cash currently sitting on the books? He can probably do a day one dividend and clear $200M post taxes (since he has billions in carry forward losses, I doubt he'd pay even a penny).

---

Would be interesting to see what they would be paying for D&O insurance, and who would want to be in that tower. If I were an independent director at the resulting company, I would want as much Side A coverage as possible knowing that the company may not have the assets to back up the indemnification agreement.

---

I can't imagine they have any real independents but yes, totally agree.

It's not a real business and likely never will be. The SPAC got hit with insider trading charges in 2021 and paid a $18M SEC fine already. Trump's business partners are already suing him for diluting them by 90%. Hard to imagine a real "independent" stepping into that board knowing how much risk there is and how unlikely it is to end well. This is basically a nightmare scenario for a board member which is why it's filled with Trump loyalists. I'm sure he's promised them pardons or whatever, but they are likely going to regret being involved with this, as most people who work with Trump eventually do.

This is just typical Trump business - at this point the only question is how long they can fake it for and who will be propping up the stock before Trump extracts all the value he can.

---

calbear93 said:

---

Unit2Sucks said:

---

calbear93 said:

---

Unit2Sucks said:

---

calbear93 said:

---

I am not sure I understand the disagreement. DWAC was a SPAC - special purpose acquisition company that raised funds as a blank check company that could merge with a private company to take the private company public. There were SEC reviews and shareholder approval required. It looks like they have the votes necessary to de-SPAC and the combined entity will start trading under the symbol DJT. Became a popular way for private to get acquired and go public immediately by merging with an already public blank-check company. No need for an IPO process with underwriters.
[url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm][/url]
https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312524075440/d828196d8k.htm

One thing I will say is that if the Board waived the lock-up agreement and the price went down from the sales, there would be a very good breach of fiduciary duty claim by the other shareholders against not only the Board but also from the majority shareholder.

---

There are no guarantees in life, but what do you think the chances are of a shareholder lawsuit against DJT and Trump in the next year or so? The company, which he controls, now has $300M in cash. He is a crook who his spent his whole life bleeding companies dry and mixing business and personal expenses. This is exactly what happened with his last public company. He doesn't believe that rules apply to him and the board is primarily composed of his idiot nepo baby son and 3 of his political sycophants who appear to have no moral or ethical lines and will do whatever he asks.

Like with most things involving Trump, we know how it ends we just don't know when it ends. There is zero doubt that idiot MAGAts will be left holding the bag at some point. I suppose as long as Trump needs the stock price to be propped up, it will be by a variety of domestic and foreign agents interested in currying favor with Trump.

The current value of the business is likely negative - it's losing like $100M per year based on revenue of ~$5M (probably all from My Pillow lol), the user base is shrinking quickly and it's being run by Devin Nunes. The final nail in the coffin is that Twitter under Elno has become by far the preferred social media tool for right wing nut jobs and foreign agents looking to convert more Americans into useful idiots.

Anyone want to guess how quickly Trump starts draining Truth Social of the $300M in cash currently sitting on the books? He can probably do a day one dividend and clear $200M post taxes (since he has billions in carry forward losses, I doubt he'd pay even a penny).

---

Would be interesting to see what they would be paying for D&O insurance, and who would want to be in that tower. If I were an independent director at the resulting company, I would want as much Side A coverage as possible knowing that the company may not have the assets to back up the indemnification agreement.

---

I can't imagine they have any real independents but yes, totally agree.

It's not a real business and likely never will be. The SPAC got hit with insider trading charges in 2021 and paid a $18M SEC fine already. Trump's business partners are already suing him for diluting them by 90%. Hard to imagine a real "independent" stepping into that board knowing how much risk there is and how unlikely it is to end well. This is basically a nightmare scenario for a board member which is why it's filled with Trump loyalists. I'm sure he's promised them pardons or whatever, but they are likely going to regret being involved with this, as most people who work with Trump eventually do.

This is just typical Trump business - at this point the only question is how long they can fake it for and who will be propping up the stock before Trump extracts all the value he can.

---

Even as a controlled company, if they are going to be listed in Nasdaq, they would need to have some theoretical independents. The audit committee must meet the SEC independence requirement, as well as the compensation committee. As such, they need to find some people who will stick their neck out. And the insurance underwriters are going to assess the high risk of either a shareholder lawsuit or even a breach of fiduciary claim when pricing the D&O insurance.

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calbear93 said:

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oski003 said:

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For those not calling people uninformed morons and pretending DWAC isn't merging into Truth Social, DWAC is up 38% today.

---

Yes, Truth Social is going public through de-SPACing. DWAC was a shell corporation (SPAC) that was created to raise capital to purchase Truth Social. DWAC itself doesn't have any operations. Almost every single celebrity had their own SPAC at one point, including Shaq. An expensive way to acquire a company, and many companies going through de-SPACs, including even good ones like Proterra, went bankrupt soon thereafter after an initial spike. Most SPACs actually lose value after going public though de-SPACing while traditional IPOs go up in value.

SPACs provide a fast and more profit for private companies to go public, but it's not a better process for investors. Less transparency, small float creating volatility, and no underwriters supporting the market.

What multiple are people using to determine their enterprise value? What is their EBITDA and what is the peer multiple to the EBITDA? What is the growth rate, and what secular trends and untapped market is Truth Social addressing, and how does it have a competitive advantage to leverage that total addressable market?

What do you need to believe to invest in this company?

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oski003 said:

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calbear93 said:

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oski003 said:

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For those not calling people uninformed morons and pretending DWAC isn't merging into Truth Social, DWAC is up 38% today.

---

Yes, Truth Social is going public through de-SPACing. DWAC was a shell corporation (SPAC) that was created to raise capital to purchase Truth Social. DWAC itself doesn't have any operations. Almost every single celebrity had their own SPAC at one point, including Shaq. An expensive way to acquire a company, and many companies going through de-SPACs, including even good ones like Proterra, went bankrupt soon thereafter after an initial spike. Most SPACs actually lose value after going public though de-SPACing while traditional IPOs go up in value.

SPACs provide a fast and more profit for private companies to go public, but it's not a better process for investors. Less transparency, small float creating volatility, and no underwriters supporting the market.

What multiple are people using to determine their enterprise value? What is their EBITDA and what is the peer multiple to the EBITDA? What is the growth rate, and what secular trends and untapped market is Truth Social addressing, and how does it have a competitive advantage to leverage that total addressable market?

What do you need to believe to invest in this company?

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I am watching the puts.

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calbear93 said:

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oski003 said:

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calbear93 said:

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oski003 said:

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For those not calling people uninformed morons and pretending DWAC isn't merging into Truth Social, DWAC is up 38% today.

---

Yes, Truth Social is going public through de-SPACing. DWAC was a shell corporation (SPAC) that was created to raise capital to purchase Truth Social. DWAC itself doesn't have any operations. Almost every single celebrity had their own SPAC at one point, including Shaq. An expensive way to acquire a company, and many companies going through de-SPACs, including even good ones like Proterra, went bankrupt soon thereafter after an initial spike. Most SPACs actually lose value after going public though de-SPACing while traditional IPOs go up in value.

SPACs provide a fast and more profit for private companies to go public, but it's not a better process for investors. Less transparency, small float creating volatility, and no underwriters supporting the market.

What multiple are people using to determine their enterprise value? What is their EBITDA and what is the peer multiple to the EBITDA? What is the growth rate, and what secular trends and untapped market is Truth Social addressing, and how does it have a competitive advantage to leverage that total addressable market?

What do you need to believe to invest in this company?

---

I am watching the puts.

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I assume there will be a lot of money to be made with option trading based on the small public float something like this will have. There will be a lot of volatility, and a lot of arbitrage play before this eventually burns and crashes.

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Unit2Sucks said:

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calbear93 said:

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I assume there will be a lot of money to be made with option trading based on the small public float something like this will have. There will be a lot of volatility, and a lot of arbitrage play before this eventually burns and crashes.

---

I'm just waiting for Trump to thank Joe Biden for producing TREMENDOUS stock market results, many would say the best ever. If not for Biden's stock market Trump's worthless social media company would never be trading at anywhere near it's current pump and pre-dump value.

In reality, DWAC's eventual failure will signify a sparkling end to the modern SPAC era. As you know, SPACs were basically used as an end-around IPO disclosure laws and were a boon for sponsors but terrible for investors (particularly retail investors). It was a short-lived phenomenon that started in the second half of Trump's term and crashed and burned in 2021 once the companies had to show actual results instead of the "projections" they were permitted to use in their de-SPAC transactions.

During the mania I attended quite a few conferences/events with SPAC-related programming. My favorite one had Chamath as the keynote speaker and he said that SPACs would be the dominant form of taking companies public for the foreseeable future lol. By then (early 2021) it was already clear to me that the SPAC days were numbered and within months they had largely crashed and burned.

Of course, DWAC is a bit different because it's not just a worthless company, it's a worthless company majority owned by a crook whom corrupt foreigners have many reasons to curry favor with. No longer needing to spend money at his stupid hotels and resorts, they can now legally bribe him by helping to maintain the inflated stock price of his faux social media business. Combined with the other forces pumping the stock, it will be hard to predict when it starts to approach actual value (which is negative at this point).

As I said earlier, we know how it ends we just don't know when it ends.

---

Unit2Sucks said:

---

calbear93 said:

---

I assume there will be a lot of money to be made with option trading based on the small public float something like this will have. There will be a lot of volatility, and a lot of arbitrage play before this eventually burns and crashes.

---

I'm just waiting for Trump to thank Joe Biden for producing TREMENDOUS stock market results, many would say the best ever. If not for Biden's stock market Trump's worthless social media company would never be trading at anywhere near it's current pump and pre-dump value.

In reality, DWAC's eventual failure will signify a sparkling end to the modern SPAC era. As you know, SPACs were basically used as an end-around IPO disclosure laws and were a boon for sponsors but terrible for investors (particularly retail investors). It was a short-lived phenomenon that started in the second half of Trump's term and crashed and burned in 2021 once the companies had to show actual results instead of the "projections" they were permitted to use in their de-SPAC transactions.

During the mania I attended quite a few conferences/events with SPAC-related programming. My favorite one had Chamath as the keynote speaker and he said that SPACs would be the dominant form of taking companies public for the foreseeable future lol. By then (early 2021) it was already clear to me that the SPAC days were numbered and within months they had largely crashed and burned.

Of course, DWAC is a bit different because it's not just a worthless company, it's a worthless company majority owned by a crook whom corrupt foreigners have many reasons to curry favor with. No longer needing to spend money at his stupid hotels and resorts, they can now legally bribe him by helping to maintain the inflated stock price of his faux social media business. Combined with the other forces pumping the stock, it will be hard to predict when it starts to approach actual value (which is negative at this point).

As I said earlier, we know how it ends we just don't know when it ends.

---

oski003 said:

---

Unit2Sucks said:

---

calbear93 said:

---

I assume there will be a lot of money to be made with option trading based on the small public float something like this will have. There will be a lot of volatility, and a lot of arbitrage play before this eventually burns and crashes.

---

I'm just waiting for Trump to thank Joe Biden for producing TREMENDOUS stock market results, many would say the best ever. If not for Biden's stock market Trump's worthless social media company would never be trading at anywhere near it's current pump and pre-dump value.

In reality, DWAC's eventual failure will signify a sparkling end to the modern SPAC era. As you know, SPACs were basically used as an end-around IPO disclosure laws and were a boon for sponsors but terrible for investors (particularly retail investors). It was a short-lived phenomenon that started in the second half of Trump's term and crashed and burned in 2021 once the companies had to show actual results instead of the "projections" they were permitted to use in their de-SPAC transactions.

During the mania I attended quite a few conferences/events with SPAC-related programming. My favorite one had Chamath as the keynote speaker and he said that SPACs would be the dominant form of taking companies public for the foreseeable future lol. By then (early 2021) it was already clear to me that the SPAC days were numbered and within months they had largely crashed and burned.

Of course, DWAC is a bit different because it's not just a worthless company, it's a worthless company majority owned by a crook whom corrupt foreigners have many reasons to curry favor with. No longer needing to spend money at his stupid hotels and resorts, they can now legally bribe him by helping to maintain the inflated stock price of his faux social media business. Combined with the other forces pumping the stock, it will be hard to predict when it starts to approach actual value (which is negative at this point).

As I said earlier, we know how it ends we just don't know when it ends.

---

I think the pattern is it pumps this morning into a slow death but then pumps a little again right before the lock up period expires. Obviously, a guess, but it It will probably be trading in the $30s or lower when Trump cashes out.

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calbear93 said:

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Unit2Sucks said:

---

calbear93 said:

---

I assume there will be a lot of money to be made with option trading based on the small public float something like this will have. There will be a lot of volatility, and a lot of arbitrage play before this eventually burns and crashes.

---

I'm just waiting for Trump to thank Joe Biden for producing TREMENDOUS stock market results, many would say the best ever. If not for Biden's stock market Trump's worthless social media company would never be trading at anywhere near it's current pump and pre-dump value.

In reality, DWAC's eventual failure will signify a sparkling end to the modern SPAC era. As you know, SPACs were basically used as an end-around IPO disclosure laws and were a boon for sponsors but terrible for investors (particularly retail investors). It was a short-lived phenomenon that started in the second half of Trump's term and crashed and burned in 2021 once the companies had to show actual results instead of the "projections" they were permitted to use in their de-SPAC transactions.

During the mania I attended quite a few conferences/events with SPAC-related programming. My favorite one had Chamath as the keynote speaker and he said that SPACs would be the dominant form of taking companies public for the foreseeable future lol. By then (early 2021) it was already clear to me that the SPAC days were numbered and within months they had largely crashed and burned.

Of course, DWAC is a bit different because it's not just a worthless company, it's a worthless company majority owned by a crook whom corrupt foreigners have many reasons to curry favor with. No longer needing to spend money at his stupid hotels and resorts, they can now legally bribe him by helping to maintain the inflated stock price of his faux social media business. Combined with the other forces pumping the stock, it will be hard to predict when it starts to approach actual value (which is negative at this point).

As I said earlier, we know how it ends we just don't know when it ends.

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I agree with what you wrote about SPACs. All you need to know about the hype around SPACs is that Shaq had his own SPAC. Not sure if you would invest in a PE managed by Shaq, so not sure why you would invest in a blank-check acquisition company that will overpay for a private company to acquire and take public through the merger.

One correction is that it is not a boon to sponsors but a boon to the private companies. They will get more than they would in an acquisition by a PE or a strategic acquirers, and it would be faster and less regulated with less disclosure in the registration statement than doing a standard IPO with underwriters.

Even real, potentially breakthrough companies going through SPAC have suffered after an initial spike, including QuantumScape and Proterra. QuantumScape was trading as high as over 130 after the SPAC and is trading at about 6. That despite the fact that they are working on something potentially disruptive in EV industry - solid state lithium battery. Much more valuable than a second rate right wing twitter. But SPACs allow for speculation not tied to any valuation, with small float creating volatility and ability to manipulate stock with little investment or become a meme stock, etc. Whoever invests in DJT are probably the same type of smart investors who invested in Trump NFTs or coins. It will crash - just a matter of when. When you ask yourself how it could ever justify even in 10 years the valuation, you would have to just throw up your hands. Might as well invest in GameStop or AMC or dogecoin.

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