Seems possible. Also this SPAC deal injected somewhere from $200-300 million in cash into the company. They could continue to operate with this level of losses for quite a while unfortunately, years of runway before running out of money now even losing $58 million a year. If there’s enough buying activity in the stock it could be used to effectively transfer wealth to Trump when he begins selling whenever his lockout is expired (or gets removed early). Even if he’s not selling and the price is propped up, could be used as collateral for loans as a way to benefit without generating a taxable event.
Plus there’s plenty of ways to use shares you can’t sell yet to get money. I guarantee this price inconsistency is a way to funnel money to their asset.
Seems possible. Also this SPAC deal injected somewhere from $200-300 million in cash into the company. They could continue to operate with this level of losses for quite a while unfortunately, years of runway before running out of money now even losing $58 million a year. If there’s enough buying activity in the stock it could be used to effectively transfer wealth to Trump when he begins selling whenever his lockout is expired (or gets removed early). Even if he’s not selling and the price is propped up, could be used as collateral for loans as a way to benefit without generating a taxable event.
Plus there’s plenty of ways to use shares you can’t sell yet to get money. I guarantee this price inconsistency is a way to funnel money to their asset.