When people who don't invest regularly start learning about SPACs/blank check companies, many will be wondering "How the fook is this legal?"
The fact Trump is involved will have them certain that it isn't.
Haha
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General TRUTH Social
- Thread starter Freeloading Rusty
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The fact Trump is involved will have them certain that it isn't.
Haha
Don't forget the other side of the coin that may be investing for the first time because it's Trump that will be very sad to learn that they have invested in hot air and promises if the SEC shuts them down for any reason.
Could happen.
But just because it's a SPAC doesn't mean it's bogus. Perfectly legal loophole. And a media company that caters to those who feel they no longer have a voice could be quite profitable.
But the monumental gains we are seeing now is pure speculation. I have no idea if they even have a business plan.
I've invested in a few SPACs and they've been solid. But they really are promises with nothing to back them up initially. This one is no different.
100%
They are a company in paperwork only, and serve as nothing but a placeholder for when an existing private company (or in this case a startup) wants to go public quickly.
How the fook is that legal
?
?
It probably shouldn't be.
The process was born from when a private company acquires or merges with a public company, they are allowed to assume the public qualifications. Which makes sense.
But a shell company that sells nothing and has no assets? It's a dirty little secret that exists in Wall Street - but with Trump being involved, plenty of people who didn't know about this process will be like "WTF?"
FYI - It just passed $131 and is halted. 5 minutes into the trading day. Up 190%
I'm not an expert on SPACs by any measure. If I have something off someone please correct me.
Pretty funny that a guy who has a very strained, distant relationship with the truth, should name it so.
I'm starting a platform and naming it after my ex wife.
I'm starting a platform and naming it after my ex wife.
It's a pretty common tactic to fool simpletons. See the Clear Skies Act. Or the Patriot Act, for the most obvious example. Nothing patriotic about that bill, but who's gonna vote against it? It's a ready-made attack ad.
??
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M
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I was up 150% in 3 days.
Again. Taking a snap shot that doesn't show the actual picture. It's OK to tell the truth.
Up 400% in a week.
I'm not saying it won't eventually go to $0, but there's no need to lie about its performance.
Trump Slams Big Tech ‘Corruption’ As Stock Behind His Truth Platform Tumbles (Again)
It’s the second straight day of big losses for the stock.
www.google.com
"It's the 2nd straight day of losses" after monumental gains. The stock is still up 381% in a week and has recovered today...currently up an additional 3% at the time of this post.Trump Slams Big Tech ‘Corruption’ As Stock Behind His Truth Platform Tumbles (Again)
It’s the second straight day of big losses for the stock.
That's what unbiased reporting looks like.
I had thought Forbes was trustworthy.
They mentioned what I pointed out later in their article, but the title was pure "Trump Sucks" clickbait.
show the pig or don't bother giving me the news.
it won't be Trump's fault. He will be brilliant and visionary, but the Evil Swamp Monsters robbed him of your money.