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That would make sense for Taub, I guess. I suspect the insurance company wouldn't pay out if the asset is recoverable so Taub is out of luck for a while longer.
How will the landlord, and other creditors, be paid?
If Trump announces a run for President, do people think $DWAC will go up or down significantly in price?
The best thing is that Nielsen pled out. As an ex-cop, he would know the SEC and DOJ already had a full case against him, so denial or delays would only have made the government press more charges. That's my guess,
You're saying Jason Nielsen was a dirty cop. Maybe his cases need to be reviewed to see if Nielsen conspired with criminals to defraud $AYRC investors.
What is this?
MIAMI, FL / ACCESSWIRE / August 8, 2022 / Digital World Acquisition Corp. ("Digital World") announced that its board of directors has set the close of business on August 12, 2022 as the record date (the "Record Date") for Digital World's special meeting of its stockholders (the "Special Meeting") to be held to approve a proposal to amend Digital World's charter (the "Extension Amendment") to extend the date by which it has to complete a business combination from September 8, 2022 to September 8, 2023 (the "Extension").
https://finance.yahoo.com/news/digital-world-acquisition-corp-announces-215500862.html
What do you feel the outcome of the court case will be?
That's a pretty heavy punishment. Even with say 60 years in jail (just under 50% of the max sentence), its effectively a life sentence. I wonder if Schena has considered this.
This is the one worth waiting for. I wouldn't be surprised if Chapter 7 follows.
Maybe $DWAC / $TMTG will be available in the low $20's. Time will tell.
Is this the last date?
Not yet, but hopefully soon.
Donald Trump has reportedly been telling associates that Google has been sabotaging his new social media platform by not making it available on Android devices.
“Is Google trying to f–k me?” the former president has been asking friends and advisers in the weeks since the rollout of Truth Social. His remarks were reported by Rolling Stone.
The app has been available solely on Apple devices. As of Thursday, Truth Social cannot be downloaded by anyone using Android, which controls nearly 70% of the global operating system market and 42% of the domestic market.
Since the launch, Truth Social has experienced technical glitches and a departure of key executives despite the fact that it has been downloaded roughly 1.4 million times, according to Sensor Tower.
https://nypost.com/2022/05/19/trump-blames-google-for-truth-social-failure-report/
Jason Nielsen, 53, of Scotts Valley, was charged with securities fraud in connection with an alleged scheme to defraud investors and potential investors in Arrayit, a publicly traded medical technology company.
Nielsen was a large Arrayit shareholder, and deceived Arrayit investors by communicating materially false and misleading information the existence of genuine supply and demand for Arrayit securities and the nature of his personal financial stake in Arrayit securities, all in order to fraudulently induce other investors to purchase Arrayit securities and thereby drive up the stock’s price. At the same time, Nielsen was secretly selling his own previously acquired shares at an artificially inflated price.
Another defendant in the Northern District of California pleaded guilty to the scheme in April 2022. U.S. Attorney Hinds described additional schemes being prosecuted in the Northern District of California in a video.
https://www.sanjoseinside.com/news/covid-19/justice-department-announces-nationwide-arrests-for-covid-19-fraud-including-two-locals/
Video here:
Jason Costanza, 46, of El Campo, Texas, was charged with conspiracy and making false statements.
These were in connection with an alleged scheme to offer fake cures for Covid and distribute fake vaccination record cards.
Costanza was the office manager for naturopathic doctor Juli Mazi and allegedly they conspired to sell products known as homeoprophylaxis immunizations.
The medic then allegedly claimed that these would provide a complete cure for the virus.
They are also accused of providing customers with fraudulent vaccine record cards to falsely make it appear they had been jabbed.
Meanwhile Jaimi Jansen, 40, of Santa Cruz, California, was charged with making false statements related to health care matters.
These were in connection with an alleged scheme to offer fake cures for Covid-19 and distribute fake vaccination cards.
Jansen was the owner of an integrative health and wellness center in Santa Cruz, California.
According to the charges, Jansen functioned as a distributor for Mazi and would buy and repackaged her homeoprophylaxis immunization pellets for about 170 people.
Ranna Shamiya, 41, of Ukiah, California, was charged with making false statements related to health care matters.
This was also in connection Mazi's scheme, with the advanced practice pharmacist being the Director of Pharmacy at a hospital in the Northern District of California.
He allegedly became aware of her antics and helped by using access to controlled medical information to identify legitimate lot numbers for vaccines.
And Jason Nielsen, 53, of Scotts Valley, California was charged by information with securities fraud.
This was in connection with an alleged scheme to defraud investors and potential investors in Arrayit, a publicly traded medical technology company.
Nielsen was a large Arrayit shareholder and allegedly deceived investors by communicating materially false and misleading information.
This was allegedly on the existence of genuine supply and demand for Arrayit securities and the nature of his personal financial stake in Arrayit.
It was said to be in order to fraudulently induce other investors to purchase Arrayit securities and drive up the stock's price.
All the while, Nielsen was secretly selling his own previously acquired shares at an artificially inflated price, the indictment said.
https://www.dailymail.co.uk/news/article-10736175/Twenty-one-fraudsters-arrested-150MILLION-fake-Covid-schemes.html
Thanks for that. Please keep posting links so current and prospective shareholders can gauge how well $DWAC is performing.
Truth Social is still one of the top iPhone downloads on the Apple Store.
https://appfollow.io/rankings
$DWAC
The SEC took too long to crack down on the fraud here.
Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it public.
Shares of Digital World Acquisition Corp., a special-purpose acquisition company, have more room to fall, according to a report Wednesday from Kerrisdale announcing its short position. DWAC gave misleading statements in registration documents and the high-profile nature of its potential combination with the former president’s company, Trump Media & Technology Group, is an “ideal way” for regulators to send a message to the broader industry, it said.
“DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned,” according to the report from Kerrisdale, which is led by founder and chief investment officer Sahm Adrangi.
https://finance.yahoo.com/news/hedge-fund-bets-against-spac-171238833.html
If I were Trump, I would return to Twitter, and do my level best to turn every follower on Twitter into a follower on Truth Social.
The point is that having Truth Social operating under Trump's control, its in his own vested interest to destroy Twitter --- from outside and / or inside --- by peeling away as many users (which translates into more advertising dollars for Truth Social) as possible.
There need to be tens or maybe hundreds of social media apps so no single party has control of free speech again.
There's a lot more to the Truth Social story, specifically as it relates to the reason the app was established. If you are Trump, you're potentially looking at a promise of no further bans on Twitter vs. a certainty of no bans Truth Social along with a broadcast platform you own.
Its not a clear cut thing that even if Musk buys Twitter -- and even if Trump is restored to full posting rights + all posts restored + all followers restored + no restrictions, etc. -- that Trump wouldn't still finish the development of Truth Social and have it operate as a direct competitor.
Actually if I were Trump I would finish the development of Truth Social, go on Twitter and as part of the broadcast output messaging tell all my followers on there to join Truth Social, in addition to whatever societal / political messages I wanted to push out.
Its always very difficult to make people return to the place they sought refuge from. That applies to social media as much as it does to physical refugees from a war zone.
If you were in Trump's position with millions of followers and a new social media company one the verge of breaking out, would you give up the social media company and return to the old social media company on a promise that you wouldn't get banned again? Alternatively would you finish the new social media company knowing you and your supporters would never be banned?
I can imagine new directors and officers would be commented to the nth degree by FINRA if they were to announce a new name, ticker symbol, reverse split. I wonder who the new ones are, if any...?
That's an astute observation. It could mean $DWAC drifts in share price for a while longer, however that presents an opportunity in and of itself.
Do you sense that OTC Markets will deregister $ARYC once this legal case concludes?
The article says 2031. LOL LOL LOL $ARYC will be revoked long before then.
$DWAC next resistance level is $122
The lawyers know the law. The two sides probably a good consensus on what can be agreed on / is no contest. That's really the basis for a pretrial deal being cut.
You're correct though that anything can still happen. This is Team Schena.
The massive interest in all things $GNGR being posted here suggests not
Consistent with the rest of the BS spewed about this company for 10 years.
The lowest price for any OTC stock is $0.000001.
Only a matter of time before $GNGR is revoked.
I was thinking about this line that you posted from Pacer. I wonder if it means a plea deal or something to that effect has been cut.
For sure it means the legal teams on both sides have been taking with each other about the counts, so it suggests some kind of pretrial settlement.
Do you have a link? TIA
Take over the company, file chapter 11, get a court judgment awarded for the fraud + legal fees, get issued billions of shares at $0.000001, and reverse split the stock.
$DWAC: $82.16
The risk of an even more severe sentence increases by going to trial. The document trail is very clear, so I'm not sure what the real game is other than buying a couple more months of freedom.
I wonder if Schena will have the commonsense to plead guilty and avoid a trial?
This is the point. If companies are not interested in growing their brand, revenues, profits, etc. they can always elect not to advertise on $TMTG / $DWAC.