The Trump Card...
- Thread starter muttly
- Start date
What do you have to say about the conservative, Trump appointed judges who sit on the 11th Circuit Court of Appeals who have twice reversed Judge Cannon. Are they great judges too?
RLENT
Veteran Expediter
Keep in mind he was touting this company as a "great company" ... with lots of "future potential" ...
Meanwhile, the cratering continueth:
They may be. But they can be wrong on certain rulings.
Here is one of the judges rulings that I think was right. Do you agree with it?
(Wikipedia)
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Keep in mind that they just completed the merger. But do you have a specific post that you’re referencing?Keep in mind he was touting this company as a "great company" ... with lots of "future potential" ...
Meanwhile, the cratering continueth:
Here is what I’ve said previously:
“Musk fixing Twitter, for the most part, prevented a mass exodus from the site to other platforms more friendly to conservatives like Parler. Truth Socia may be affected by that as well. The SEC dragging their feet on their “investigation” of Truth Social is also preventing a financial merger and that doesn’t help. The Biden Administration will do anything they can to stymie Trump and not allowing his platform to flourish is one of them.
There is also more sites like Gettr, Gab, and Truth Social saturating the market with competition. It’s helpful to have a particular niche that sets a site apart.”
From Truth Social. The site some use to say wouldn’t exist and that Trump wouldn’t post from:
truthsocial.com
Truth Social
Truth Social is America's "Big Tent" social media platform that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology.
truthsocial.com
Likely why Judge Cannon has a healthy skepticism:
www.realclearinvestigations.com
Aileen Cannon: Portrait of a Judge in the Fractured Double Reality of American Justice
By Julie Kelly, RealClearInvestigationsApril 3, 2024 The residents of Fort Pierce, Florida, are not accustomed to seeing dark SUVs and flashing motorcycles speed down the town’s main thoroughfar
Good, good.:
rumble.com
Jack Smith REJECTED: Judge Cannon Says NO to Demand for Ruling
Judge Cannon denied Trump's request to dismiss the classified documents case based upon the Presidential Records Act, but rejected Jack Smith's demand for an immediate ruling as to jury instructions,
rumble.com
You are talking about these factors as if they matter. Now that the merger is complete, and that Truth Social is now operated by a company that is publicly held, which means the company financials must be publicly disclosed, the factors you cite mean NOTHING.
Now, if you want to know the financial status and future prospects of Truth Social, you need to go no further, and you should go no further, than the facts the company itself states on the public record.
And what is the company (Trump Media and Technology Group, a/k/a/ TMTG, market symbol DJT) saying? In it's most recent filing with the SEC, it said it had only $4.1 million in revenue in 2023, and it sustained operating losses of $58 million. The company's largest reported expense was $39.4 million in interest.
In other words, they have borrowed a ton of money and they are are not using it well. When you pay $39.4 million in interest on a ton of borrowed money, and those assets produce only $4.1 million in revenue, you're on a sinking ship.
That's not just me concluding this. The company itself says in its SEC filing, "... operating losses raise substantial doubt about its ability to continue as a going concern.”
In that same filing, the company also said, "As of Dec. 31, 2023, and 2022, management had substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG."
In other words, Trump is running the company on borrowed money and it is likely to default on its loans.
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RLENT
Veteran Expediter
Which makes him susceptible to financial exploitation by foreign powers.
IOW: A (potential) threat to US National Security.
RLENT
Veteran Expediter
Yes, I had one in particular in mind.
Yes, that's one of the things you have said.
Like I said previously, Trump is for sale, not just his name and brand, but him.
Another unfounded conspiracy theory similar to the phony pee tape dossier.
To you, it's susceptible to financial exploitation by foreign powers. To Trump, it's available to financial exploitation by foreign powers. Trump does not give a sh*t about America. We see a nation. Trump sees an inventory of political favors and real assets that he paid nothing for, but which he can directly or indirectly sell to enrich and/or empower himself.
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The Trump $175 Bond Deal May Not be a Done Deal. Hearing Scheduled.
Certain issues have emerged regarding the $175 million bond Trump recently posted. Consequently, the validity of this bond is now in question.
"[Trump's] lawyers had told the appellate court it was a 'practical impossibility' to get a bond for the full amount of the lower court’s judgment, $464 million. All of the 30 or so firms Trump had approached balked, either refusing to take the risk or not wanting to accept real estate as collateral, they said. That made raising the full amount 'an impossible bond requirement.'
"But before the judges ruled, the impossible became possible: A billionaire lender approached Trump about providing a bond for the full amount (bold emphasis mine).
"The lawyers never filed paperwork alerting the appeals court. That failure may have violated ethics rules, legal experts say." (Source)
In addition to the ethics issue mentioned above, which may infuriate the appellate court judges, other issues have risen; specifically financial issues and regulatory issues.
"New York Attorney General Letitia James is now questioning the financial status and regulatory compliance of the insurer that posted former President Donald Trump’s $175 million bond stemming from her civil fraud prosecution against him. In a court filing on Thursday, James challenged the 'sufficiency of the surety' provided by Knight Specialty Insurance Company (KSIC) ... .
"According to the filing, the New York Attorney General wants KSIC to provide documentation proving their certification to operate in the state. James is asking a state appeals court to order KSIC to produce a “certificate of qualification” within ten days with proof that the company can pay the bond if Trump’s appeals are unsuccessful." (Source)
Per Attorney Andrew Weissmann on X, "... the $175 bond has reported issues: the surety company may not be licensed to give bonds in NY & may not have met the NY solvency reqs (can't post more than 10% of its worth so it is solvent to meet the bond requirements). 4/22 hearing scheduled by the court."
Certain issues have emerged regarding the $175 million bond Trump recently posted. Consequently, the validity of this bond is now in question.
"[Trump's] lawyers had told the appellate court it was a 'practical impossibility' to get a bond for the full amount of the lower court’s judgment, $464 million. All of the 30 or so firms Trump had approached balked, either refusing to take the risk or not wanting to accept real estate as collateral, they said. That made raising the full amount 'an impossible bond requirement.'
"But before the judges ruled, the impossible became possible: A billionaire lender approached Trump about providing a bond for the full amount (bold emphasis mine).
"The lawyers never filed paperwork alerting the appeals court. That failure may have violated ethics rules, legal experts say." (Source)
In addition to the ethics issue mentioned above, which may infuriate the appellate court judges, other issues have risen; specifically financial issues and regulatory issues.
"New York Attorney General Letitia James is now questioning the financial status and regulatory compliance of the insurer that posted former President Donald Trump’s $175 million bond stemming from her civil fraud prosecution against him. In a court filing on Thursday, James challenged the 'sufficiency of the surety' provided by Knight Specialty Insurance Company (KSIC) ... .
"According to the filing, the New York Attorney General wants KSIC to provide documentation proving their certification to operate in the state. James is asking a state appeals court to order KSIC to produce a “certificate of qualification” within ten days with proof that the company can pay the bond if Trump’s appeals are unsuccessful." (Source)
Per Attorney Andrew Weissmann on X, "... the $175 bond has reported issues: the surety company may not be licensed to give bonds in NY & may not have met the NY solvency reqs (can't post more than 10% of its worth so it is solvent to meet the bond requirements). 4/22 hearing scheduled by the court."
It's time to stop this nonsense! If this were joe citizen, the trial would have been over long ago.
Lock him up!