Trump could sell billions in Truth Social stock early if a board consisting of his son and former colleagues agrees
I also seem to recall reading some discussion about whether he could borrow against it. I’m not sure how strong of an argument that latter route is, as borrowing against it is going to require finding someone who wants to lend against its future value.
EDIT: I haven’t really been paying much attention, but Forbes is pretty blunt about the prospects for shareholders.
EDIT2: I gotta say, if he burns a large chunk of the faithful during his presidential campaign, he might walk away with a bunch of their money, but I’d imagine that it wouldn’t be very good for his electoral prospects.
As far as I’m aware, no, though my understanding is that the board can waive that requirement.
https://www.businessinsider.com/trump-could-sell-truth-social-stock-early-son-friends-board-2024-3?op=1
I also seem to recall reading some discussion about whether he could borrow against it. I’m not sure how strong of an argument that latter route is, as borrowing against it is going to require finding someone who wants to lend against its future value.
EDIT: I haven’t really been paying much attention, but Forbes is pretty blunt about the prospects for shareholders.
https://archive.ph/bggR3
https://archive.ph/ozcpE
EDIT2: I gotta say, if he burns a large chunk of the faithful during his presidential campaign, he might walk away with a bunch of their money, but I’d imagine that it wouldn’t be very good for his electoral prospects.