Democracy Matters 
A reminder: Trump’s lock-out preventing him from selling his $2B worth of DJT shares ENDS TODAY!
Kevin Leecaster@DemocracyMattersALot
I expect that the orange chump will soon announce the sale of 40 or 50 million shares so that he can afford to pay his fines to New York and E. Jean Carroll.
I expect that the orange chump will soon announce the sale of 40 or 50 million shares so that he can afford to pay his fines to New York and E. Jean Carroll.
Apparently, he’s already been taking loans against his shares.
@DemocracyMattersALot
That's how rich people can get tax free income is by borrowing on their assets, but in the case of his Truth Social stock, it's got to be a corrupt bank if they're willing to take its stock as collateral imo.
That's how rich people can get tax free income is by borrowing on their assets, but in the case of his Truth Social stock, it's got to be a corrupt bank if they're willing to take its stock as collateral imo.
TC Won't Give In To Lies@GreenFire @DemocracyMattersALot
Of course, Trump already took out loans against his sham tech company. And he won't ever pay them back.
He doesn't need to sell the stock.
M.S. Bellows, Jr.@TCatInReality @GreenFire @DemocracyMattersALot The lock-up period also bars borrowing against the stock, so if he's already taken out loans against it he's in even more legal trouble.
@msbellows @GreenFire @DemocracyMattersALot
Trouble from whom? The same hardass SEC that approved the merger of his $4M business with dodgy Chinese company that broke every SPAC rule?
I know Trump is usually such a rigorous rule follower, but he'd never challenge the SEC
/S
Photoart@TCatInReality @GreenFire @DemocracyMattersALot He has to report such collateralization (see Carl Icahn court decision a few weeks ago).
@mwmkbrady @GreenFire @DemocracyMattersALot
Good to know.
I would not be surprised to find a delayed reporting update after the election.
Chris@DemocracyMattersALot I still don’t get why this convicted felon, rapist, insurrectionist foreign asset is allowed to run a pump and dump scheme to raise and launder money for his criminal enterprise. Most felons don’t get that kind of leeway.