Digital world acquisition, the company, trying to merge with Donald Trump's, uh, media organization
that he just started about a year ago, admitted earlier this week that, yeah, they're, they're
under investigation from the securities in exchange commission. And, uh, by the way,
it was revealed a few days ago that that investigation has already expanded. Now digital world admitted
a long time ago that the sec was looking into their acquisition of Donald Trump's media
company. But the admission from this past week that the investigation has broadened,
as they say, is definitely bad news for both digital world. And of course, Donald Trump
himself, because we've learned that the sec is now investigating whether or not specifically
Donald Trump and the folks over at digital world had any negotiations taking place prior
to digital world going public with their stock. If there was negotiations happening before
the public, uh, you know, option was announced, that's illegal.
You can't do that in the world of finance. Now, I don't know enough about the world of
finance to explain why that's illegal being totally honest with you. But the sec says
you can't do that. You know, I, again, I'm a little in the dark. I don't understand why
you couldn't negotiate before they go public, because you're not necessarily publicly negotiating,
but Hey, it's their rules. So that's bad news. But what else is really bad news for digital
world acquisition is the fact that their stock so far, this year has lost 15% and it's continuing
to go down. So all the people who came along because they were acquiring Donald Trump's,
uh, social media and media conglomerate company, as it is, uh, all those people have probably
lost quite a bit of money. And we know one of them is Marjorie Taylor green, who invested
tens of thousands.
And she has lost, I think, based on estimates, maybe 10,000, maybe she got out, uh, I don't
know that I haven't seen the latest financial statements from her, but she invested money.
And hopefully she lost a lot of it. Sorry, I don't typically wish that on people, but
she's a multi-millionaire anyway, so it doesn't matter. But this merger is now under increased
federal scrutiny. And again, when a probe broadens, that's not a good thing. That's
not a sign like, oh yeah, we're wrapping it up. We're just broadening it real quick to
look at everything. No, when it broadens, it means, okay. We found something that is
now leading us in all of these different new directions. So we have to expand where we're
going with it. Another thing that's been announced that they're expanding is looking into other
Acquisitions from digital world to make sure they did their due diligence, which you don't
broaden a probe to answer that question, unless you think, of course you have reason to believe
they haven't been doing their due diligence. Which if so far, you're only looking at them
and Trump kind of tells us, maybe you think they didn't, this whole deal has been comical
to say the least. I think that's putting him mildly. I mean, recently Donald Trump basically
had to sign an agreement saying he'll start using truth social, which of course is why
he is using truth, social it's part of the deal to attract new investors who were a little
leery because Trump wasn't using it. And then suddenly it exploded. Well it's because it's
now in paperwork that he is required to use it, but things aren't looking good for it.
This investigation's gonna play out. If there is a, there, there, I hope they find it. If
not let it happen, right? I mean, we may not be happy about it, but if there's nothing
illegal, whatever they're allowed to do it. But if there is something illegal, hopefully
it gets uncovered. And hopefully this will be one of the few times where the S C finally
decides to use their authority and prosecute those involved.