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The Bros. Landreth, Live: "These Days" (Jackson Browne)

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Dr. Matt3/21/2024 10:33:31 am PDT

re: #300 Mattand

I’d hold off if I were you. I was thinking this yesterday and Chris Hayes and another blog I can’t remember pretty much confirmed it: Trump’s going to make an 11th hour deal with someone and put up the bond.

Partly because that’s just the way this motherfucker skates through life; partly because Trump is negotiating with people that we’re not privy to, and they’re going to rake him over the coals for the best deal right up to the deadline.

I accidently turned on Michael “I’m so fucking centrist that I sniff my own farts” Smerconish this morning and caught a few minutes of his drivel….the topic of du jour was that Diaper Donnie may be coming in on a windfall if the Truff Sokkkial shareholders vote to float him 3+ billion.

Here is the story: Donald Trump to make $3.4bn if shareholders back plan to float Trump Media

Donald Trump’s wealth is set to increase by about $3.4bn (£2.7bn) if a shareholder vote on Friday paves the way for the float of his Trump Media business.

The former US president is preparing to list Trump Media & Technology Group, which operates the Truth Social tech platform, via a merger with a special purpose acquisition company, or Spac.

The Spac, called Digital World Acquisition, has scheduled a vote on the merger with Trump Media for Friday. However, there are complications around the planned vote after Digital World sued sponsor ARC Global Investments, which is trying to delay the deal, to back the merger.

If the merger goes ahead and Trump Media goes public as soon as next week, the presumptive Republican presidential nominee would not be able to cash in any of his potential paper wealth immediately. The merger document contains a provision that blocks major shareholders from selling stock for six months.