I'm not an expert but know of a few people that just missed the boat having to wait 6 months for the selling window to open on their holdings. One had a great looking tech application that had his valued at $400 million (if the government chose it instead of a less likely competitor). It seems that dropped to the price of a house in the …
I'm not an expert but know of a few people that just missed the boat having to wait 6 months for the selling window to open on their holdings. One had a great looking tech application that had his valued at $400 million (if the government chose it instead of a less likely competitor). It seems that dropped to the price of a house in the Bay area a few days before he could sell.
I'm convinced they had, like other inventors I knew, a great design but a better one came out just before they could get to the market. Good work, but someone else had something better before they knew it. The good thinkers still get hired by other companies, but don't hit the jackpots like their new bosses do (looking at Elon, here).
Then there is Trump who looks to be getting set for another of his well deserved financial disasters according to:
"...The date on which former President Donald Trump is eligible to offload shares in his social media company is rapidly approaching—though when it finally comes, it’s likely to offer far less of a treasure than it was earlier this year...
...The company’s latest prospectus filing with the Securities and Exchange Commission outlines three factors that would trigger the lock-up period to conclude: The end of the first six months of DJT stock trading as its own entity, Trump Media shares trading above $12 for any 20 of 30 trading sessions beginning Aug. 23, or a transaction, like a merger, in which all shareholders have the opportunity to trade in their Trump Media holdings at the same price.
That means the earliest possible date Trump can sell is Sept. 19 if Trump Media shares remain above the $12 threshold, not a guarantee with a $17 share price Friday, and the latest his selling window would open is Sept. 25, the end of the opening six-month period of DJT’s direct public listing..."
It's already down 80% (so far), making me think he should have waited until after the window opened before debating Kamala, he probably could have found some suckers before the debate, but who would buy now?
Should I feel sorry for other investors?
Sometimes when people keep asking for it, they get what they deserve (something my great grandmother taught me).
I'm not an expert but know of a few people that just missed the boat having to wait 6 months for the selling window to open on their holdings. One had a great looking tech application that had his valued at $400 million (if the government chose it instead of a less likely competitor). It seems that dropped to the price of a house in the Bay area a few days before he could sell.
I'm convinced they had, like other inventors I knew, a great design but a better one came out just before they could get to the market. Good work, but someone else had something better before they knew it. The good thinkers still get hired by other companies, but don't hit the jackpots like their new bosses do (looking at Elon, here).
Then there is Trump who looks to be getting set for another of his well deserved financial disasters according to:
https://www.forbes.com/sites/dereksaul/2024/09/06/when-can-donald-trump-sell-djt-stock-heres-what-to-know-as-truth-social-hits-new-lows/
"...The date on which former President Donald Trump is eligible to offload shares in his social media company is rapidly approaching—though when it finally comes, it’s likely to offer far less of a treasure than it was earlier this year...
...The company’s latest prospectus filing with the Securities and Exchange Commission outlines three factors that would trigger the lock-up period to conclude: The end of the first six months of DJT stock trading as its own entity, Trump Media shares trading above $12 for any 20 of 30 trading sessions beginning Aug. 23, or a transaction, like a merger, in which all shareholders have the opportunity to trade in their Trump Media holdings at the same price.
That means the earliest possible date Trump can sell is Sept. 19 if Trump Media shares remain above the $12 threshold, not a guarantee with a $17 share price Friday, and the latest his selling window would open is Sept. 25, the end of the opening six-month period of DJT’s direct public listing..."
It's already down 80% (so far), making me think he should have waited until after the window opened before debating Kamala, he probably could have found some suckers before the debate, but who would buy now?
Should I feel sorry for other investors?
Sometimes when people keep asking for it, they get what they deserve (something my great grandmother taught me).
I hope the former president will miss the boat, too. But his percentage of body fat will keep him afloat. 😉🤭🤫