DD Support Board and Research Team

[BullNBear52]

With DJT there is no revenue to justify the PPS and it's hardly likely that there will be in the future. But look at the other two meme stocks GME and AMC

In GME's case it was Cohen (Chewy fame) whose cash injection into GME that caused the PPS to go up and NOTHING more. Compounding that was the more the PPS ran up GME dumped more shares on the market since the fools were buying. I'm sure Xbox and Playstation users got a good laugh out of that since they had no reason to go to a Gamestop store anymore.

Regarding AMC because of covid no one was going to the movies anymore and they were close to going under and was heavily shorted. Along comes the Wall Street Bets folks and caused the stock to run up. And like GME that said thank you very much and issued more shares.

IMO they were classic pump and dumps but legal since the principals in the companies weren't doing the pumping. And why not issue more shares in the runups since the fools were buying. And no one looked at the financials in either stock and they sure as hell ain't looking at the financials in DJT.

“Fools rush in where angels fear to tread.”

The angels know how to read financial statements. lol