Well, folks today could in fact be one of the last days of Donald Trump's Beloved Truth
Social. There's a vote being held today by the shareholders of Digital World Acquisition
to determine whether or not they want to give themselves another year to decide if they're
gonna go through with the buyout of Trump Media and Technology Group. Now, this group,
digital World Acquisition, right? The SPAC Company, the Blank Check company that's supposed
to have been buying Truth social along with Trump media and technology for the last two
years. Well, they've got a deadline on September 8th to finalize the deal. Or if they're not
able to finalize it by September 8th, they will be forced by law to liquidate and return
all the money they've got to the investors. And that's a big problem because the stock,
like the value of this company, has fallen from $154 a share to, uh oh, I'm sorry, $175
a share down to about $14 per share.
And if they liquidate and return everybody's money, everybody will only get $10 and 24
cents per share. But most importantly, Donald Trump will get nothing off the deal and he'll
be forced to either fund truth social on his own or shut the whole thing down. But here's
what's funny about this. As I said, this group, has been planning this buyout since
June of 2021, right? That's when this whole thing came about. So they have now had over
two years to make this deal happen. In June of 2021, they said, Hey, it'll take 1218 months.
, Bob's your uncle, we get it done, Pickety, bam, everything's over. But now here
we are in September of 2023 and they can't even decide if they still want to go through
with this purchase. It's a $300 million merger, and they're gonna have to vote today on whether
or not to give themselves another year or liquidate by the end of the week.
Now, there's another problem that this group has, in addition to the fact that, you know,
they had to fire their c e o digital world did. They got another guy that got arrested
for insider trading. They've been under investigation by the Securities and Exchange Commission.
So things have not been good. But there's another wrinkle that may make most of the
shareholders say, you know what? Let's wait another year. And that is, of course, the
fact that Donald Trump could be imprisoned by this time next year. I know that's a long
shot, but it is not outside of the realm of possibility. And the only value that the Trump
Media and technology group has is the fact that it has Donald Trump's involvement now,
not his name. His
Name means nothing. But the only thing of value that Trump media and technology has,
of course, is truth, social truth, social's only value is that that's the only social
media platform that Donald Trump is on. So if you take Trump away, there's no value in
it, as far as I've seen. There's no revenue mechanism in place on truth social. So it
doesn't even have a way to make money right now based on what I've seen. So you take away
the one value that it has with Donald Trump being the user there. You know, because he
could be in prison and unable to send out posts on Truth Social, then there's no reason
to buy it. In fact, because that's a real possibility. I don't think these shareholders
should even vote to extend it another year, because why bother? You're having all of these
problems. You've had a criminal investigation, just let it go.
Trump wants to move back to Twitter so bad, he can taste it anyway. The only person who
loses in that situation, of course, is all of the shareholders, , who bought in
for a hundred dollars or more, and they would get paid $10 per share. So because they're
looking at taking such a magnificent loss, basically cashing out at 5% of what they invested,
I think a lot of the investors will probably vote to just give it another year because,
hey, what? What's the worst? Instead of getting 5%, we get 3%. At that point, nothing matters.
So the vote will be held today. It'll be interesting to see what these shareholders decide to do,
but again, at this point, they've all already lost so much money that, Hey, what's another
year? Anyway,