Tuesday, April 16, 2024

Down, From $78, Two Weeks Ago -- To Now ~$23.20 On NASDAQ, Tangerine's "Truth" Stock Is A Dead Cat, Dropped From A Skyscraper...


The stock is setting up very nicely, if one wants to allege that Devin Nunes' CEO puffery -- and Tangerine's own material misstatements are actionable as federal securities fraud, that is. But to have a claim, one must buy at least a few shares. That is the bridge too far, for yours truly. This is the same scam he's always run -- sticking his investors with a property that is (after all bills are paid) worth next to nothing. Charming.

But the reason I write, is NOT to note that Devin Nunes now claims the "DJT symbol" will start streaming live hard right TV over that rickety social network (news that caused an added 8% stock decline just this morning, since that is vast new capital expense needed)... but to note that Trump himself is complaining that he will likely miss his youngest son's graduation, since he is on trial for felonies in New York State.

See at right -- highlighted portion (from his own phone, overnight). He fails to mention that the trial has been delayed repeatedly by his own specious tactics, with his counsel -- claiming all manner of nonsense about not being subject to ordinary rules of criminal procedure. This caused the trial date to be delayed until. . . now. So he chose this course. He must deal with its consequences.

He's been allowed to fully explore his nutty legal theories, but once an indictment for multiple felonies has been handed down, at some point the people of the State of New York ALSO have a right to see. . . justice done. If he is acquitted -- fine. But if he isn't. . . he is like all other criminal defendants, now. The State has a strong interest in a speedy trial -- and incarceration, if that is where the jury lands.

So it is more than a lil' preposterous that he thinks a felony trial should take a back seat to his social commitments. He can fete his son on any weekend when the court is closed. Yes, being an indicted potential felon is . . . inconvenient, dotard. "Don't do the crime. . . if you can't. . ." well, we all know the rest.

Onward, grinning.

नमस्ते

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