Sean CastenOK, Trump got his ass kicked by Harris this week. That’s great but it’s time to move on. Specifically, to the huge national security / malign actor interference risk that Donald John presents as early as a week from tomorrow. Thread:
1. A man who owes lots of money to lawyers and adjudicated civil fines could soon be able to start selling some or all of his 114M shares in a company that is a trainwreck as a stock but still massively overvalued. https://www.forbes.com/sites/dereksaul/2024/09/06/when-can-donald-trump-sell-djt-stock-heres-what-to-know-as-truth-social-hits-new-lows/
2. What would you pay for a company with $3.4M in revenue, is blowing through $33M of cash per year & has negative earnings? If you said “zero” you’ll agree that #DJT is overvalued. The current $3B market cap is why it is MASSIVELY overvalued. https://finance.yahoo.com/quote/DJT/key-statistics/
Adrian Cockcroft@SeanCasten I wonder how much of the $3.4M revenue traces back to the Russian funding that was just cut off?