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Topic	Truth Social goes public; Trump set to net billions
BigSLM1993 03/22/24 1:03:49 PM #21:	ClayGuida posted... From what I gathered when reading about Musk's wealth a few years back, Trump would have to get SEC approval to sell anything of magnitude. ironman2009 posted... Yes, if everybody has to wait 6 months it'll instantly tank the moment sales are opened. So really, it's a news grabby headline that he's worth billions now, but in actuality , it'll be tougher for this to actually bail him out. He cant sell when he needs it (he needs it right now lol), and if he tries to sell it all , it'll plummet in value. Technically he could try to get a loan on it. But the lender would need to believe the share wont be some pump and dump, which it probably will be. <cite>BigSLM1993 posted [p:979506169] in Truth Soci... [t:80727896]...</cite> <quote>ClayGuida posted... </cite><quote>From what I gathered when reading about Musk's wealth a few years back, Trump would have to get SEC approval to sell anything of magnitude.</quote>ironman2009 posted... </cite><quote>Yes, if everybody has to wait 6 months it'll instantly tank the moment sales are opened.</quote>So really, it's a news grabby headline that he's worth billions now, but in actuality , it'll be tougher for this to actually bail him out.He cant sell when he needs it (he needs it right now lol), and if he tries to sell it all , it'll plummet in value.Technically he could try to get a loan on it. But the lender would need to believe the share wont be some pump and dump, which it probably will be. </quote> ... Copied to Clipboard!
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