Hey @th3j35t3r ,
Boss, scuttlebutt says Muskrat is about to merge X with Truth Social. Nothing to confirm it yet but that'll be some serious crap if true.
You heard anything solid about it? π€
@Heucuva8 @th3j35t3r so what, he could buy Truth Social for the price of a used Honda?
Ell oh ell. Unlikely: Trump own 57% of Troth Sensual, and he's not the sort of a person to give something to a guy like Elmo without getting something in return.
Elmo can buy it at a substantial premium over whatever the stock is trading at today, multiplied by about 200 million.
@mcfate @Heucuva8 @th3j35t3r so I know youβre being sarcastic on the 200million. But please explain.
Iβd think Trump doesnβt need to do anything but sell his controlling stake at whatever he wants to assuming it will get him the outcome he wants.
I'm not being "sarcastic".
There are, I believe, 175 million $DJT shares in existence. For Elmo to take it over, he's got to own 51% of them.
Trump owns 57% of them. I reckon that he'd be wanting Elmo to buy him out COMPLETELY.
Two hundred million is the right ballpark.
A more exact figure is 175 million times 57% or 99,750,000.
@mcfate @Heucuva8 @th3j35t3r you said 200mil multiplied by what the stock is trading at today (around $30 50). So roughly $6.1billion. I feel like that is different from $99.7mil.
No, 99,750,000 is the number of SHARES. At $30.50, that comes to a bit over three billion.
But to sell out, Trump would want MORE than what he could get on the open market.
@mcfate @Heucuva8 @th3j35t3r fair, my math may have been wrong (no real excuse, was doing it on the fly, my bad). The numbers still say a different level of shares outstanding but not enough for my pedantic ass to try to plant a flag there.
Either way... maybe close to my original joke of the price of a Honda?