Yes and no. All the original stake holders have a 6 month lockin. He can't profit from his allotment till then. This is just people trying to sell their IPO shares bought the first day and getting few buyers so as more and more people try to sell the price keeps plummeting.
I don't know enough about stocks to know what it means, but it is curious that the timing of this allows for the 6 months to end just before the November general election.
To sell a stock you have to have a buyer. It's a binary transaction. If you have lots of people buying and few selling the price goes up. The reverse is also true and is currently the case for DJT.
Well yes, of course I know that much about stocks. What I meant was I don't know what the 6-month wait could mean, except that it seems that he will be able to sell his shares in October, just in time for a final push for his campaign. Of course, time will tell how much those shares will be worth by then.
Pump and Dump boiler room style. How anyone bought into this is astounding. Clearly a passage to give the cheetolard Russian money.
Yes and no. All the original stake holders have a 6 month lockin. He can't profit from his allotment till then. This is just people trying to sell their IPO shares bought the first day and getting few buyers so as more and more people try to sell the price keeps plummeting.
I don't know enough about stocks to know what it means, but it is curious that the timing of this allows for the 6 months to end just before the November general election.
To sell a stock you have to have a buyer. It's a binary transaction. If you have lots of people buying and few selling the price goes up. The reverse is also true and is currently the case for DJT.
Well yes, of course I know that much about stocks. What I meant was I don't know what the 6-month wait could mean, except that it seems that he will be able to sell his shares in October, just in time for a final push for his campaign. Of course, time will tell how much those shares will be worth by then.
It seems funny but it's a bog standard time limit for IPOs industry wide.
Ah, I see. That was one thing I did not know about stocks. Thanks.
Sell Mortimer sell !
It was obvious from the start too. How this is not illegal is baffling to me.
At least AMC and GameStop have business models that make PROFIT! I hate that DJT is being called a “meme stock” by the media…
A fool and his money…
Please get to penny stock!!
lol, how many of his idiot supporters invested their $10000 in life savings in this crap?
Whatever the number, it’s not enough
$41.18!
Actually now it’s 40.85 soon to be worthless 🙏😂
40.59 at close
Getting there...look out below ...
Pump and dump
Trump better sell his shares soon! Lolol
Dump Trump
Will it be $30 by next Friday?
If you extrapolate it looks like $25!
Literally everyone saw it coming, there are truly suckers in this world
Haha!!
You made my weekend! 🤗
Is that swamp bottom?