04-15-2024, 10:48pm
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#27
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Barn Stall Owner #0331
Points: 45,404, Level: 100 |
Join Date: Jun 2021
Location: USMC 0331 Forever
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Gameroom Barn Bucks: $500
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Quote:
Originally Posted by Taurus
Anyone here going to buy these shares at a diluted price? Even DJT himself wants to sell.
God help anyone that invested on day two.
Trump Media Stock Plummets On Plans To Issue Millions Of New Shares
The company, backed by former President Donald Trump, filed a "preliminary prospectus" Monday with the U.S. Securities and Exchange Commission (SEC) to offer 21.49 million shares of common stock, issuable "upon the exercise of warrants."
Trump Media cannot issue the additional shares until a registration statement with the SEC goes into effect while stock warrants allow the holder to buy shares at a certain price within a specific time frame.
The company is also looking for approval of the resale of up to 146.1 million shares from "selling securityholders," which includes Donald Trump and ARC Global Investments, according to the federal filing.
DJT shares have dropped more than 50% since their conversion.
https://www.investors.com/news/trump...220&yptr=yahoo |
Not political yet you mention Trump in the first few words.
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