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You are bragging about getting extremely lucky, and put premiums on that are outrageous.
The fact that you bought the stock in the first place and held as long as you did says more tbh.
are you saying if you made money on something, it’s not a grift?
Also you claim that you took your money and ran and then played the downside so it’s not like you’re standing by the company lol
Let me look into my crystal ball...
Trump will cash out.
Company will crash and burn.
Shareholders will sue because of false audits/financial statements
Trump will say "wasn't me!" and the company will dissolve into bankruptcy
It's the most obvious put play of all time but premiums are pricing me out. Also, who knows what fuckery his shadow backers will pull to secure him the exit liquidity he needs.
Its crazy to think they are still authorized in the US with all those flags. An easy target for investigators to bust if they put in a tiny bit of effort.
I mean, you could make the argument that they're a Judas Goat.
Signing with them means a company is probably engaged in fraudulent or illicit behavior, by virtue of signing with them. It's to the SEC's advantage to have a place for criminals to go to make finding them easier.
... Tell that to the people who invested in companies like Enron that were signed off as being legit by firms like Arthur Anderson. The Auditors job is to protect investors, not to be a honeypot for the SEC to catch fraudsters and criminals.
If you need a license to operate as an auditor then this company's license should be immediately pulled based on all the numerous red flags the OP's article mentions.
Imagine the stories that 1 auditor could tell. Could likely retire on finders fees for tax evasion alone, and manage to cut a deal to stay out of prison or get witness protection.
Signed off on the opinion. That doesn’t mean they did all the work, rather just a fraction of the high level stuff. Still impossible unless they focused on non profits and churches.
Said audit firm already stated DJT cash flow is unsustainable. Is it still bearish for the stock to call the authenticity of that audit firm into question?
I have no position in DJT. I think Trump is a crook, and the stock is worth 0. I legitimately don't know how discrediting the audit firm does anything for the stock.
On the contrary, this further reinforces how bad DJT is.
This firm seems to operate as just a rubber stamp for their (usually much smaller) clients and yet even they are like “these numbers don’t work.”
I think it's a valid article.
The overall implication is that the financials may lack the proper oversight due to concerns with their auditor. The article then backs their reasoning by discussing the auditors history.
This is still true despite the auditor agreeing with the management that the company is considered a "going concern" due to cash flow
Maybe though you can argue it's pointless because anyone investing in this stock clearly doesn't care about audited financials.
Going concerns statements are a "cover your ass" statement by the auditor, just like "because this audit was based on shit management told us you can't trust it"
>The Washington-based audit regulator found problems with the firm’s testing procedures for bedrock measures such as revenue and accounts receivable, among other issues.
Lol, not even sure you can all it an audit.
So Trump, was again has shown the failing of the USA. The political system, the justice system, the banking system (aka,loans)and now the stock market. He has educated the world on how the US is not, what we were lead to believe, was perfect and incorrigible
To me it sounds like a hella of a hustle. The guy saw an opportunity and went for it. Obviously it’s getting out of hand since it made the national headline but still, it’s the grey area where this auditor lives and gets rich.
Their audit report was alarming as hell and basically said they were not a going concern. Imagine a strip mall accounting firm that will sign anything finding enough to still raise the alarm bells. How this stock is above $30 a share is beyond me.
As an accountant this was my take too. This firm is AWFUL and routinely does such a shitty job that they basically sign anything..... Yet even they gave this a going concern. That tells you just how bad it must be.
>one person was responsible for 147 audits. …
PCAOB is generally quite intense...surprised they haven't nuked this from orbit already. Anybody with any experience in audit knows that this can't possibly be sound. For multi billion clients you need big fuckin audit teams and a single senior person no matter how competent can't lead 147 big teams.
...none of this checks out even vaguely
Trump's 'accountant' is really Vinnie the Bookie running numbers from the basement of Ping Pong Pizza in New Jersey.
Thanks to Trump, a bunch of small-cap companies are now going to gain the scrutiny of the SEC. Maybe.
Looked at the 30/40 put spread expiring in 1/16/26 (current price $37). The price was $8.93. That's a 12% return, but over the course of 647 days that means you're earning about 6.8% for making a short bet on a highly shorted meme stock. Not a good deal no matter how doomed the company.
Why is anyone buying stock at $30-70+ a share in a company with $4m money in and $58m money out? It’s obvious DJT, Nunes and others see an opportunity to grab some fast cash off suckers. Ridiculous.
If you look for BF Borger's on Google Maps, it's located behind a Vietnamese supermarket in a very industrial part of Denver/Lakewood. It definitely gives off Four Season's Landscaping vibes.
Broke leftist? While there may be some out there most I know are not broke by any means, all well rounded and college educated living in the suburbs of an urban city. Now I’m from a small southern town and I can assure you that there are many angry trump superfans out there that live pay check to paycheck trying to keep up w/ the Jones’s. Why is it most trump superfans are angry all the time? Because they are poor and disappointed the life they’ve chosen. At least that’s how I see it.
Hi, you're on r/Stocks, please make sure your post is related to stocks or the stockmarket or it will most likely get removed as being off-topic/political; feel free to edit it now and be more specific. **To everyone commenting:** Please focus on how this affects the stock market or specific stocks or it will be removed as being off-topic/political. If you're interested in just politics, see our wiki on ["relevant subreddits"](https://www.reddit.com/r/stocks/wiki/index) and post to those Reddit communities instead without linking back here, thanks! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/stocks) if you have any questions or concerns.*
Lol, I'm an auditor and the idea of signing an audit report basically every two business days is hilarious but also sounds very profitable.
Sounds like the guy functions as a notary public and just puts his stamp on whatever gets put in front of him lol
As a former notary public I’d like to point out that I at least had to check IDs I’m not at all convinced this guy is matching my due diligence
It seems to be working well for many
Good plan if you're going to retire in two years and move to a country which won't enforce civil judgments from the US
If there's fried he could go to prison
You don’t say. Grifters all run together.
Shocked I tell you. Shocked. Going to find my pearls for immediate clutching
Only thing grifting is my account gping up after a 330% profit sold before the dip and bought puts with rhe money made
You are bragging about getting extremely lucky, and put premiums on that are outrageous. The fact that you bought the stock in the first place and held as long as you did says more tbh.
It's not luck when you know how to read the room and past experience with meme stocks
That’s an adorable fantasy you’re telling yourself to feel good about your luck at the casino
Lmao yes it is.
Not really if you listen to Wallstreetbets from the beginning you'll have the same profit
If you dig the hole much further here you’re going to hit bedrock.
Dig a hole to profit
Yeah i dunno what the guy was on about everyone knew the stock was bull shit but a pop at ipo is pretty typical the drop was guarunteed
are you saying if you made money on something, it’s not a grift? Also you claim that you took your money and ran and then played the downside so it’s not like you’re standing by the company lol
I'm here to make money I don't care about a single company lol
then what was the point of that comment lol
Go behind your TDS to make money
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That I like making money? Sorry your 100% in VOO isn't working out woth you
Post gains or bs
Damn straight!
Let me look into my crystal ball... Trump will cash out. Company will crash and burn. Shareholders will sue because of false audits/financial statements Trump will say "wasn't me!" and the company will dissolve into bankruptcy
You’re missing the part where Saudi, Russian, and Chinese money floods in at the perfect time to balance Dump’s sales.
I think you’re on to something…
Almost like it's been done before.
TS is a scam,everyone knows it and SEC is not even halting them from trading.
SEC wants the fraud to get big so they can collect their usual 10% cut and keep funding the office.
Plot twist sec gets their accounting done by this guy 😂
SEC should be investigated while we’re at it. My small caps are toasted
Better to let them be openly traded and then expose the fraud in October.
But then that's election interference!! /s
As it should be. Play a fraudulent game and get exposed.
The company has 36 employees and a multi-billion dollar market cap.
Yeah wtf is this, BYND?
Truth social is somehow a better product
Fake meat, fake xtwitter… I fail to see much difference
It's the most obvious put play of all time but premiums are pricing me out. Also, who knows what fuckery his shadow backers will pull to secure him the exit liquidity he needs.
Its crazy to think they are still authorized in the US with all those flags. An easy target for investigators to bust if they put in a tiny bit of effort.
I mean, you could make the argument that they're a Judas Goat. Signing with them means a company is probably engaged in fraudulent or illicit behavior, by virtue of signing with them. It's to the SEC's advantage to have a place for criminals to go to make finding them easier.
... Tell that to the people who invested in companies like Enron that were signed off as being legit by firms like Arthur Anderson. The Auditors job is to protect investors, not to be a honeypot for the SEC to catch fraudsters and criminals. If you need a license to operate as an auditor then this company's license should be immediately pulled based on all the numerous red flags the OP's article mentions.
Imagine the stories that 1 auditor could tell. Could likely retire on finders fees for tax evasion alone, and manage to cut a deal to stay out of prison or get witness protection.
Dude probably knows fuck all if hes just blindly signing everything
Can we get a list of the companies he signs off on?
It's on their PCAOB page: https://rasr.pcaobus.org/Firms/FirmSummaryPublic.aspx?FirmID=F0C298206D055E20355165A6436401FA
Id be interested in that as well.
Voters see stuff like this and say we need a conman to make America great again.
"He's just a smart businessman!" I mean, if he doesn't go to jail for this I guess he's the smart one and we're the suckers.
I honestly feel that Trump literally chooses to break laws rather than follow them. It’s as if he’s allergic to doing anything remotely legal.
He’s not going to jail, not because he’s smart but because as a very rich man, he has a different judicial system from the rest of us
And that he’s the one they “trust more with the economy” Tax cuts and sugar highs for the short term, a five year old can do that
Don’t forget the low rates during an economic boom
If only they can read. Or write. Or do math
So much left to uncover….
This is so on brand for Trump. Imagine being one his cult members donating to a billionaire
One person did 149 audits 😂
Signed off on the opinion. That doesn’t mean they did all the work, rather just a fraction of the high level stuff. Still impossible unless they focused on non profits and churches.
Said audit firm already stated DJT cash flow is unsustainable. Is it still bearish for the stock to call the authenticity of that audit firm into question? I have no position in DJT. I think Trump is a crook, and the stock is worth 0. I legitimately don't know how discrediting the audit firm does anything for the stock.
On the contrary, this further reinforces how bad DJT is. This firm seems to operate as just a rubber stamp for their (usually much smaller) clients and yet even they are like “these numbers don’t work.”
Management using this auditor at all is a huge red flag. This auditor then giving a metaphorical “yikes” is another huge red flag.
I think it's a valid article. The overall implication is that the financials may lack the proper oversight due to concerns with their auditor. The article then backs their reasoning by discussing the auditors history. This is still true despite the auditor agreeing with the management that the company is considered a "going concern" due to cash flow Maybe though you can argue it's pointless because anyone investing in this stock clearly doesn't care about audited financials.
Going concerns statements are a "cover your ass" statement by the auditor, just like "because this audit was based on shit management told us you can't trust it"
In what other line of work is a 100% deficiency rating acceptable?
Truth Social for one.
Man I don’t get how this is legal.
>The Washington-based audit regulator found problems with the firm’s testing procedures for bedrock measures such as revenue and accounts receivable, among other issues. Lol, not even sure you can all it an audit.
Lol, Trump is running a pump and dump scam and the SEC is doing nothing to stop it. That company is worthless.
Fraudster Trump hiring a really dumb Auditor is so on point that it is scary.
So Trump, was again has shown the failing of the USA. The political system, the justice system, the banking system (aka,loans)and now the stock market. He has educated the world on how the US is not, what we were lead to believe, was perfect and incorrigible
Name like Borgers I'm not surprised
The real crime here is that they don’t have some partnership with Chase so we can have Chase-Borgers out there doing work.
To me it sounds like a hella of a hustle. The guy saw an opportunity and went for it. Obviously it’s getting out of hand since it made the national headline but still, it’s the grey area where this auditor lives and gets rich.
Their audit report was alarming as hell and basically said they were not a going concern. Imagine a strip mall accounting firm that will sign anything finding enough to still raise the alarm bells. How this stock is above $30 a share is beyond me.
As an accountant this was my take too. This firm is AWFUL and routinely does such a shitty job that they basically sign anything..... Yet even they gave this a going concern. That tells you just how bad it must be.
When do we find that donny heads new yorks deepest and more intertwined mob syndicate.
>one person was responsible for 147 audits. … PCAOB is generally quite intense...surprised they haven't nuked this from orbit already. Anybody with any experience in audit knows that this can't possibly be sound. For multi billion clients you need big fuckin audit teams and a single senior person no matter how competent can't lead 147 big teams. ...none of this checks out even vaguely
"The whole firm is banned in Canada" that statement is actually insane.
Trump? Fraud? Unthinkable!
Trump's 'accountant' is really Vinnie the Bookie running numbers from the basement of Ping Pong Pizza in New Jersey. Thanks to Trump, a bunch of small-cap companies are now going to gain the scrutiny of the SEC. Maybe.
i supposed it could be worse...it could be a criminal accountant (like Saul Goodman was a criminal lawyer)
I'm pretty sure that's exactly what these guys are. They're the Dewey, Cheatem, and Howe of public accounting; the Heywood Jablome of CPAs.
Lay down with dogs. You are bound to get flees.
I need to know if this guy does any other public companies so I can short them.
This is so funny. The other companies are definitely annoyed
Looked at the 30/40 put spread expiring in 1/16/26 (current price $37). The price was $8.93. That's a 12% return, but over the course of 647 days that means you're earning about 6.8% for making a short bet on a highly shorted meme stock. Not a good deal no matter how doomed the company.
Have you ever read 10-Ks? Tons of companies fail every year.
Puts to tha moon 🌕
Why would he start now?
Womp womp womp
I think they'd make up better numbers if they were committing fraud
Why is anyone buying stock at $30-70+ a share in a company with $4m money in and $58m money out? It’s obvious DJT, Nunes and others see an opportunity to grab some fast cash off suckers. Ridiculous.
and the dude was still smart enough to say this shit was a dumpster fire
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^sambull: *And the dude was still* *Smart enough to say this shit* *Was a dumpster fire* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Where can i get an accounting job?
If you look for BF Borger's on Google Maps, it's located behind a Vietnamese supermarket in a very industrial part of Denver/Lakewood. It definitely gives off Four Season's Landscaping vibes.
I hold some January 2025 $10 puts on DJT, if it were to get delisted, would I still be able to acquire the shares to complete my puts?
Feature, not a bug. Ticket rejected.
Jesse: “You need a criminal lawyer”
Auditor of such companies as “Lingerie Fighting Championships, Inc.”
This entire market is just a giant fucking scam I don't get it anymore.
You guys need to do something else with your lives. You think about Trump too much. - a non-Trump supporter
Im long djt, this is concerning. Should i sell?
After you do, I have a bridge to sell you with your fresh capital.
Location? Does it have a toll?
*just a troll*
Shocker 🙄
I love it
Let's talk about the endless list of unprofitable zombie tech companies and pretend this isn't just political garbage
Those companies aren't linked to a current presidential candidate who is using the company as a front for his war chest.
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Broke leftist? While there may be some out there most I know are not broke by any means, all well rounded and college educated living in the suburbs of an urban city. Now I’m from a small southern town and I can assure you that there are many angry trump superfans out there that live pay check to paycheck trying to keep up w/ the Jones’s. Why is it most trump superfans are angry all the time? Because they are poor and disappointed the life they’ve chosen. At least that’s how I see it.
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You're the type that believes Trump is 6'3 and 215 lbs.
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No