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Elon couldn’t find his own asshole with 2 hands and a search warrant
The quarter end date being well before the announcement combined with the inability to file in a timely manner raises my eyebrows a bit. Really should be copy and paste from Q2 for the most part, since they don’t actually DO anything. Makes me think they’re looking to get creative about some things
I stickied one earlier not realizing it was from seeking alpha and most wouldn’t be able to access it. Stickied yours now, condolences to your inbox, they’re a special breed
“Now we are supposed to believe that out of the 100s of SPACs that have been created over the years, that DWAC is the 1st one in history to do something illegal.”
No, but that doesn’t mean that DWAC DIDN’T do something illegal.
You ever go fishing? If so, you ever catch them all?
Why would they have evidence? They informed the public of the potential of impropriety. It’s credible enough to warrant a sitting US Senator reaching out to the SEC.
I almost forgot what it felt like to remove 20 posts in 10 minutes, thank you for bringing that joy back into my life
LOLOLOL
Ironic that they hate the truth, given the name of the (alleged) forthcoming social media site
It’s not a hit piece, it’s an actual series of events that happened, alongside investigative speculation that securities laws were violated. The senator is merely asking the body that oversees market fairness to make sure everything is above board. Nobody is implying that wrongdoing occurred, only that the environment in which it COULD HAVE occurred exists. It’s all about fair play
The deal stinks on the surface. I would expect the SEC to investigate anyone involved in this type behavior
“May have” is a speculative statement, it’s what responsible journalists do when they don’t have hard proof. This is in the pre-investigative stage. Nobody should be speaking in definitives either way right now
Will wait to see like everyone else, but I cannot imagine a scenario where someone from team trump didn’t demand a better vehicle or Orlando, desperate to be a trump guy, didn’t just offer it up to them as the alternative.
If they hadn’t already been in bed over BENE, it would be easier to believe DWAC was a random occurrence.
I guess what we are waiting for is Orlando to cave under whatever pressure Gary puts on him, not sure you can prove it without one party admitting it freely, unless they really were dumb enough to leave a digital trail
Aside from potentially derailing this sham merger, if they find that DWAC was created specifically for a pre-arranged merger with TMTG, it would make any trades prior to, and on the day of the announcement, subject to review. We all know what happens to those who trade off of non-public information.....
One, of course all the language used is speculative, why wouldn’t it be? It’s all speculation until investigation is over.
Two, the anchor investors who ran for the hills are not the issue. The issue is that it appears DWAC was created specifically to merge with TMTG, which, IF TRUE, would violate securities laws.
Three, if the SEC finds impropriety, they will find out who bought prior to the announcement of a merger target, and if anyone privy to those alleged improper meetings made DWAC trades based off that intel, that’s cut and dry federal prison insider trading
Of course it’s “may have”. Why would she have definitive proof herself?
Purging? That sounds a lot like censoring
East side of Baltimore City, whenever you want, chief
He NEEDS money, he has loans due and his typical methods of financing are no longer available to him
Trump is not going to care what the users like and dislike, his only intention is to suck as much money up as possible. And because his name still generates interest, there will be ads GALORE
Any platform reliant on advertising dollars herds to varying degrees, if this turd gets off the ground, it will do the same thing. It will be a publicly traded company (allegedly), there will be an expectation of sustained upward performance. Where does anyone think that money comes from? Advertising! And the key to advertising is to get as many eyes as possible on the ADS, therefore, people that fit certain profile types are often herded towards specifically placed ads that are most likely to generate sales based on their shared data. What I will guarantee, is that this “Truth Social” will 100% be sharing/selling user data to advertisers and others for their own gain.
He is not an officer of DWAC, he is also not in public office. He’s a private citizen, he would only have to report a transaction if he was moving 10% of the OS. In theory, he very well could have front run this and dumped high. My opinion is that he has done no buying or selling at this point. He’s counting on the merger to result in him being gifted millions of shares of TMTG to dump legally. There’s no chance he front ran DWAC to sell into the news, because if he did, and the SEC can prove the merger targeting was premature based on SPAC guidelines, that would expose him to insider trading violations on top of everything else. I’m anti DWAC/TMTG, but I’m not anti common sense.
A padded donut to sit on I assume
We all get exactly what we deserve, you’ve been living right sir
Strong trade
Weeeeeeeeee
Getting it’s legs
They are, if in fact, they actually exist
At first glance I thought this said you were trying a little LSD......
Weeeeeeeeeeeeeee
Why would I?
I said “I think”, which indicates my giving of an opinion
Such a consistent giver.....love some TLRY, so reliable
Congrats on the.....hands? I think this merger is DOA because the parties involved hatched this plan before DWAC listed, which is an overt violation of SPAC rules. The room is gonna be on fire and the crowd will all be trying the door at the same time
Good luck tho
Smells like the next leg up in inbound later this week into next week. Print daddy some fuggin money
That’s an accurate, abridged version of it, yes
I’m sure there would be sufficient grounds for class action at that point. And if the SEC could prove the early collusion with don, he could be named in that suit alongside the DWAC guy.
But DWAC having no income likely means they belly up instantly. Not sure how investors would recover at that point. My personal opinion is that anyone who bought or holds DWAC deserves whatever happens. The anchor investors actions should’ve dictated retails next move. They ran for the hills because they know don=poison to a company. Anyone left holding a bag for a company with no business plan other than to become a different business earned it
That makes a conflict for the SEC as well, they have to step in before the merger or it will appear they aren’t doing their jobs, but if they let the merger go through, and DWAC becomes TMTG just so Donny can dump his freebies, it’s almost an entrapment-like scenario, under which the SEC would be sacrificing investors in exchange for donnys pelt, which violates the very purpose for which they exist.
The best way to handle this is to squash the merger deal and force TMTG to remain private. Can’t let him near the money in the first place.
I’m sure there’s joint culpability, not sure on the specifics, but I would assume whoever runs DWAC would be in a worse spot, since he’s supposed to know the rules from Day 1. That does not absolve don and his team from doing their own due diligence though, and I’d be willing to bet this idea came from his camp in the first place. I’m sure if it gets that far, DWAC head will cooperate to save himself. For now though, smells like the worst that could happen would be a dissolution of whatever agreement they have in place and some other civil penalties for DWAC. There’s a reason the DWAC anchor investors bailed IMMEDIATELY upon the PR that named TMTG as the merger target.....
I’m not a believer that the DWAC/TMTG merger even happens once the SEC starts sniffing around to see if the merger was discussed and arranged prior to DWAC listing.....that’s a SPAC no-no.
Reg A has more limited disclosure requirements than publicly reporting companies. Speculation and illiquidity. For gamblers basically.
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_regulationa.html
I can read it TO you, but I can’t understand it FOR you
Morans
Not at all, these parameters were cleared with IH Admin Edward on day one
No problem, it was agreed upon that his life as a private businessman was on topic for obvious reasons. It was agreed upon that his time in office is off topic because there’s other boards for that fight. The only overlap would be the legal issues that arose during his term, which were deemed on topic because of their potential to impact the business in the future. That small overlap is important to prospective investors. His family is obviously off topic until or unless they become involved with TMTG in an official capacity, through board positions or share issuances