retired
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Hi CJ, nice to see you making bank. May God bless you and your family. May he watch over your granddaughter and the arrival of the baby.
Really enjoying our retirement now, taking my wife on an Alaskan cruise for our 50th anniversary in August. Take care my friend.
I hope you all know that DJT will be a penny by the end of this year. May God bless..
I hope you all know that DJT will be a penny by the end of this year.
An auditor has raised doubts about the ability of Donald Trump's publicly traded company to stay in business, according to a new regulatory filing.
Trump Media and Technology Group, which operates the Truth Social platform, reported it lost $58.2 million in 2023 while generating total revenues of $4.1 million, according to the Monday filing with the Securities and Exchange Commission. Trump Media listed its largest expense for the year as interest payments totaling more than $39 million.
The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern." The firm has worked with Trump Media since 2022.
The note is dated March 25, the day before Trump's company started trading on the Nasdaq stock exchange under the symbol DJT, surging at first and earnings comparisons to so-called "meme stocks."
Shares of the company fell more than 10% Monday. Its market value stood at about $7 billion.
A spokesperson for Trump Media did not immediately respond to a request for comment.
In the filing, the company acknowledged that it expects to operate at a loss for the "foreseeable future" as it works to expand Truth Social's user base and attract more advertisers. It said it would be "premature" to predict when it will attain profitability and positive cash flows from its operations. It said it would need bridge funding of between $5 million and $60 million.
Trump Media went public last week and gave the former president a paper net worth of around $7 billion. However, Trump is barred from selling the shares he owns in the company for six months. Even before the latest losses were revealed, analysts said the value of the company would plummet if Trump were to sell his shares.
“If he goes ahead [with selling], it could sink DJT by at least 15% to 40% based on option pricing,” said Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, in a research note.
Analysts also expect trading in the stock to be volatile while the legal and political fortunes of the former president shift as he seeks a new term in the White House. John Rekenthaler, vice president for research at Morningstar financial services group, likened the company's stock to a cryptocurrency.
"As with bitcoin, people buy Trump Media not for future cash flows but because: 1) they expect its price to rise, and 2) they feel an affiliation for the asset," Rekenthaler wrote. "Bitcoin owners are members of a club. So, too, are Trump Media investors, to an even greater degree. For them, DJT shares represent a currency by which they can express their beliefs and commitment."
This article was originally published on NBCNews.com
Good afternoon, I will continue to hold long and wait for a buyout. Beond that I have held for over 2 years only because I believe in their future.
May God bless.
Good afternoon, I will continue to hold long and wait for news. Have a good weekend and may God bless.
Good afternoon, I will continue to hold long and wait for news. Have a good weekend and may God bless.
Good afternoon, I will continue to hold long and wait for news. Have a good weekend and may God bless.
Good afternoon, I will continue to hold long and wait for news.
Good afternoon, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and see what management decides to do moving forward.
Good morning, I will continue to hold long and see what management decides to do moving forward.
Hi CJ, If you can imagine so, since I have been interested in Pinkyland, the last two years have been disastrous for the chances that retail investors can make money trading on this platform. Deplorable that both stock managers and board practitioners have used SEC's lack of oversight to gouge middleclass investors just trying accept the level of risk to make a few bucks.
You may think the risk was high previously, within the last 2 years, it has gotten absurdly worse. Close to no chance at all when company will, or moral structure considers "theft" from retail speculators no different than brushing their teeth. It is probably wise to consider that investing at the Pinky level is now so heavily set against the retail investor making money, that instead, we should go back to stuffing extra cash under our mattress. May God bless all.
Good morning, I will continue to hold long and see what today's news brings.
Good afternoon, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and wait for more news.
Good afternoon, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and wait for more news.
Good morning, I will continue to hold long and wait for news.
Good afternoon, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and wait for news.
Good afternoon, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and wait for news.
Good morning, I will continue to hold long and wait for news.
May God bless.
I will continue to hold long and wait for news.
May God bless.
I will continue to hold long and wait for news.
May God bless.
Good morning all longs let's have a good day.
Good morning all longs let's have a good day.
Good morning all longs let's have a good day. May God bless.
Good morning all longs let's have a good day with this news. May God bless.
Good afternoon, I will continue to hold long and wait for news. May God bless.
Have a great evening all longs, see you tomorrow and may God bless.
Good morning all longs let's have a good finish for the week. May God bless.
Good morning, I will continue to hold long and wait for news. May God bless.
I will continue to hold long and wait for news and hope the CEO does wake up. May God bless.
Good morning all longs let's have a good finish for the week. May God bless.
Have a great evening all longs, see you tomorrow and may God bless.
Good morning all longs let's have a good day. May God bless.
I will continue to hold long and wait for news. May God bless.