No update today because I take no pleasure in seeing this stock rise. Its sharp decline makes my point about this stock being a scam. Since there was no decline today, there was no update. But since you mentioned it, here's my update.What? No DJT stock update today?
Wonder why.
That may be true. Stocks often respond to news in this fashion, though such responses usually happen the day of the news, not the day after. You said above Nunes broke this news some time ago. On what date did he do that? The official company announcement was made on April 16.The stock rose significantly the day after the official announcement of the streaming service.
You said above Nunes broke this news some time ago. On what date did he do that? The official company announcement was made on April 16.
As far back as April 9th from a previous post.200 million of capital. Future is looking bright for Truth Social.
Broadening their horizons too. Important that they’re working on an additional niche market.
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
On Apr. 9, the stock moved up less than 1%. Not exactly big news for the market.As far back as April 9th from a previous post.
I'm not so sure about that. I looked at the report itself. While there is certainly a large amount of money in the company, it is not free cash. It seems to be encumbered or pledged in some way. I don't know exactly how because I have not dug deeper into it. I have not done that because I don't want to put in the time. Clearly the markets are unimpressed with Nunen's claim. And clearly, this claimed $200 is not cash in the bank that the company is free to spend. So, yes, the money is there, and yes it's spin.200 million isn’t a “spin”, it’s a fact.
So what? It wasn’t an official release with more details than it was a couple days ago. And more info to come in the future.On Apr. 9, the stock moved up less than 1%. Not exactly big news for the market.
The burn rate for Truth Social is low. They had to spend from 50 to 60 million in order to cut through all the roadblocks and red tape that the SEC put in front of them. Now they are clear of that and can’t be cancelled by Big Tech. They have a solid foundation now and even talking about making acquisitions. Per CEO Nunez.I'm not so sure about that. I looked at the report itself. While there is certainly a large amount of money in the company, it is not free cash. It seems to be encumbered or pledged in some way. I don't know exactly how because I have not dug deeper into it. I have not done that because I don't want to put in the time. Clearly the markets are unimpressed with Nunen's claim. And clearly, this claimed $200 is not cash in the bank that the company is free to spend. So, yes, the money is there, and yes it's spin.
And even if this money was free cash available for the money to spend. They'd burn through it because the company is losing money hand over fist. Also, if that money was truly available, Trump and his insider cronies (who control the board) would likely figure out a way to move that money out of the company and into their pockets. Trump is not the kind of guy to leave cash sitting around that could be in his pocket instead.
Keep the faith!The burn rate for Truth Social is low. They had to spend from 50 to 60 million in order to cut through all the roadblocks and red tape that the SEC put in front of them. Now they are clear of that and can’t be cancelled by Big Tech. They have a solid foundation now and even talking about making acquisitions. Per CEO Nunez.