The Bill for the DJT Grift is Presented
DJT stock’s April 15 S-1 filing really isn’t anything new after all. It’s like the bill being presented at the end of a gaudy banquet at an overpriced restaurant, after everybody ordered too many expensive appetizers and consumed too many marked-up bottles of mediocre wine.
Looking at the bill, you realize you’ve bought a hangover, and it’s going to cost you.
All the SPAC smart guys are having their fever dreams — eager to rip the “free profits” on their $11.50 warrants… This filing presents the banquet bill: it creates 21 million + new shares for them — but only if the stock stays over $11.50. They’ll be worthless when DJT breaks single digits. The new liquidity, and the urgency to “lock in” profits on that “easy money,” will weigh on the shares toward that price as the August/ September lockup expiry approaches.
The S-1 also registers shares in escrow to be paid if the ARC investors prevail in a lawsuit in which they objected to unfair dilution at the hands of the majority shareholder himself), plus an assortment (4.061,251 to be exact) of other free or cheap founder /insider deals done with warrants.
https://www.meidastouch.com/news/the-bill-for-the-djt-grift-is-presented