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Re: Trump Media co-founders sue company, alleging a scheme to dilute shares

By: oldCADuser in FFT4 | Recommend this post (0)
Thu, 29 Feb 24 11:54 PM | 31 view(s)
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Msg. 10724 of 15905
(This msg. is a reply to 10722 by clo2)

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Yes, apparently 90% of the shares, just for using his name, wasn't enough.




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The above is a reply to the following message:
Trump Media co-founders sue company, alleging a scheme to dilute shares
By: clo2
in FFT4
Thu, 29 Feb 24 7:56 PM
Msg. 10722 of 15905

Say it isn't so, Trump cheat...
These fking people never stop.

Trump Media co-founders sue company, alleging a scheme to dilute shares
The case could complicate a long-delayed bid by the owner of Truth Social to go public — and deliver former president Donald Trump a financial lifeline

The co-founders of former president Donald Trump’s media company filed a lawsuit Wednesday, claiming that Trump and other leaders had schemed to deprive them of a stake in the company that could be worth hundreds of millions of dollars.

The case could complicate a long-delayed bid by Trump Media & Technology Group, owner of the social network Truth Social, to merge with a special purpose acquisition company called Digital World Acquisition and become a publicly traded company.

That merger deal, which could value Trump’s stake in the company at more than $3 billion, would offer the former president a financial lifeline at a time when he is facing more than $454 million in penalties from a civil fraud judgment this month in New York.

Representatives for Trump, Trump Media and Digital World did not immediately respond to requests for comment.

more:
http://www.washingtonpost.com/technology/2024/02/29/truth-social-lawsuit-trump-media-founders/?


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