Sorry to but in ... but I've been reading the past posts and wanted to throw my two cents in (or my 9 cents in this case). I recently purchased a good amount of trmpq stock at 9 cents. When Carl Icahn announced that he intended to team up with Beal to take over Trump Enterprises I figured ‘The Donald’ would be pissed. In my mind Mr. Trump will not allow his three flagship properties to be taken over by one of his competitors. If someone approached me and said, “Hey, I’m buying your company’s debt so I can own 90% of it. But don’t worry you can keep 10%... oh and did I mention I’d be using your name too?” I would do almost anything to put a stop to it... and so too would ‘The Donald’. I believe his ego will be too strong to be made a token owner.
Don’t get me wrong, I have NO dreams that I will retain my shares when trmpq emerges from bankruptcy - I believe there is just under a 4% chance of that happening. But I do however believe that Trump will make a move sometime in late February or early March to regain control of his ‘namesake’. During this time it is my hope the stock rally’s to 20 - 25 cents per share. Who knows? It could even rise to the mid 50’s. Either way it’s a good return on a small (albeit risky) investment.