Guess my prior post (mentioning first that hack happened) flew right over most. Too much effort to click on link.
Key Investor Bails After Learning He's In New Trump Company: 'Not A Close Call' https://www.huffpost.com/entry/donald-trump-investor-bails_n_61724b41e4b0657357395117 Donald Trump’s proposed social media company came as news to some of its investors ― and at least one pulled out when he learned his money was now tied to the former president. “Many investors are grappling with hard questions about how to incorporate their values into their work,” hedge fund manager Boaz Weinstein told The New York Times in a statement. “For us, this was not a close call.” The newspaper said Weinstein’s Saba Capital had been a major investor in Digital World, a special purpose acquisition company, or SPAC, formed for the purpose of acquiring another company. As is common in SPAC arrangements, investors put their cash in before the acquisition target was chosen. When Weinstein learned it would be with Trump’s firm, he bailed. Trump announced the new company this week, saying it would launch a right-wing rival to Twitter called Truth Social. Shares in the company more than tripled on Thursday, the day after the deal was announced. One unnamed investor who held 10% of the company told the Financial Times he sold everything as soon as he could. “The idea that I would help [Trump] build out a fake news business called Truth makes me want to throw up,” he said. It’s not clear if that investor was Weinstein. Another large investor seemed much happier with the deal. “When you partner with the right sponsor teams that have a clear vision on their targets, good things can happen quickly,” David Puritz of Shaolin Capital Management told the Financial Times. Reuters noted the company was founded by Patrick Orlando, who has formed at least four other SPACs and has plans for two more, but so far none have led to a completed deal.
DonaldWACko "stable genius" picked the right symbol and it seems partner too:- Who is Wuhan-Linked Patrick Orlando, the Man Taking Donald Trump’s Media Company Public? https://finance.yahoo.com/quote/DWAC?p=DWAC&.tsrc=fin-srch
TREMENDOUS POoSTINGs And speaking of stolen code. They stole the code and looks like they are going to be sued. https://www.rawstory.com/trump-trut...d=15&cx_testVariant=cx_1&cx_artPos=1#cxrecs_s
He formed the company only a few weeks after his election loss , yet he kept on demanding audits holding rallies only to relieve the cultists of their cash. People like Buy1Sell2 sold all his belongings to donate to the fraudster. ''Lets see how it plays out.'' he kept on saying.. Inside the 'weird' world of DWAC But despite the former president's involvement, it was the the strange details surrounding DWAC that had many experts scratching their heads. According to documents filed with the Securities and Exchange Commission, the company was formed just a few weeks after Trump's 2020 loss, with the stock brokerage firm Kingswood Capital Markets as the sole underwriter. As New York Magazine noted on Thursday, Kingswood used to be called EF Hutton — a 1980s financial powerhouse that was eventually sold after it was revealed the firm was involved in illegal mob-related ventures. Trump also famously bragged about dealing with the New York City Mafia during his years as a real estate developer.
TFG's "totally legit" new media company with $1B in shadow investment has zero business and a corporate plan that is literally cut and pasted from open source web references Read the entire Twitter thread with examples of the cut & paste corporate plan.
For sure, Trump will never get a Pullitzer Prize for media sessions he held and books related to his epic work related to great work he did with covid - especially the death camps
Watching "The a wizard of lies" just now, DeNiro plays him well. His con was so much bigger than Trump has ever dreamed but Madoff was not as neurogically compromised as Trump.