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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDonald J Trump Media down this morning.
It was down just over 14% a few minutes ago.
DJT is continuing it's crash downward.
Trump Media & Technology Group Corp. (DJT)
NasdaqGM - NasdaqGM Real Time Price. Currency in USD
27.81-4.78 (-14.67%)
As of 10:21AM EDT. Market open.
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Donald J Trump Media down this morning. (Original Post)
James48
Apr 15
OP
marble falls
(57,246 posts)1. C'mon penny stock designation!
Blue Owl
(50,507 posts)2. Crash and BURN, motherfucker!!!
EYESORE 9001
(25,985 posts)3. Well, little lord fascistprick needs something to occupy his mind
while sitting in court for felony charges
OLDMDDEM
(1,577 posts)4. Short interest on DJT
Basic Stats
Short Interest 5,869,367 shares - source: NASDAQ
Short Interest Ratio 1.97 Days to Cover
Short Interest % Float 11.80 % - source: NASDAQ (short interest), Capital IQ (float)
Kid Berwyn
(14,965 posts)5. "It's really valuable!"
Said no one ever.
C_U_L8R
(45,021 posts)6. They're planning to dump shares
and that seems to have investors running for the exits.
LetMyPeopleVote
(145,567 posts)7. Trump Media Sinks 15% After Registering Shares, Warrants
Trump Media has filed a registration statement with the SEC to help current holders sell their stock and warrants.
Link to tweet
https://finance.yahoo.com/news/trump-media-plunges-registering-shares-130049015.html
Donald Trumps social media startup tumbled on Monday, extending a two-week slump, after the company took a first step toward allowing the former president and other insiders to capitalize on their stakes.
Trump Media & Technology Group Corp., parent of Truth Social, filed to register shares, including those linked to warrants. The move could ultimately bring forward sales from insiders that are currently not permitted until September.
Shares slumped 15% to $27.83 as of 9:50 a.m. in New York, the lowest level since January. Warrants, which are tied to the stock and can be exchanged with cash for shares of the company, sank 6.9% to $12.75. The company has had its market value slashed by more than $5 billion from a peak after debuting in March.
The slump means the paper windfall for the former president has dropped to $2.3 billion from more than $5 billion in a matter of weeks. However, if the stock can hold above the $17.50 mark, Trump and insiders would be in line to get another 40 million shares to divvy up. Even after the latest slide, that so-called earnout would be worth $1.2 billion.
The company registered as many as 146 million common shares, as well as up to 21 million shares that are issuable upon the exercise of warrants. The filing also registered up to 4 million warrants to purchase common stock. All securities being registered are either held by or underlie securities held by existing holders of Trump Media.
Trump Media & Technology Group Corp., parent of Truth Social, filed to register shares, including those linked to warrants. The move could ultimately bring forward sales from insiders that are currently not permitted until September.
Shares slumped 15% to $27.83 as of 9:50 a.m. in New York, the lowest level since January. Warrants, which are tied to the stock and can be exchanged with cash for shares of the company, sank 6.9% to $12.75. The company has had its market value slashed by more than $5 billion from a peak after debuting in March.
The slump means the paper windfall for the former president has dropped to $2.3 billion from more than $5 billion in a matter of weeks. However, if the stock can hold above the $17.50 mark, Trump and insiders would be in line to get another 40 million shares to divvy up. Even after the latest slide, that so-called earnout would be worth $1.2 billion.
The company registered as many as 146 million common shares, as well as up to 21 million shares that are issuable upon the exercise of warrants. The filing also registered up to 4 million warrants to purchase common stock. All securities being registered are either held by or underlie securities held by existing holders of Trump Media.
The Form S-1 is amazing. See https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000114036124019745/ny20026576x1_s1.htm
This filing is going to further dilute the public shareholders in a very thinly traded stock
Link to tweet
The stock has been as low as $26.83 today.
I am looking forward to reading the Form s-1 and 46 pages of risk factors. This will be fun to watch