Replies to post #44473 on Trump Media and Tech Group (NO Politics Allowed) (DJT)

[Zorax]

Thought so .... insider theft.

Trump Media also suffered a loss of about $320 million, including $311.0 million “in non-cash expenses arising from the conversion of promissory notes, and the associated elimination of prior liabilities” prior to the completion of the merger on March 25, the company said in a press release discussing the earnings.

[janice shell]

How can a company lose 320 million when it doesn't generate 3 million in 2 1/2 years?

They did a billion dollar PIPE not long ago.