Monday, April 22, 2024

It Seems CEO Devin Nunes... Made A Material, Objectively-Verifiable As FALSE Pair Of Statements, In Today's SEC Form 8-K Filing, For "Truth Social". IRONIC.


Look -- I don't care that much, because any human with a working forebrain will no longer want to own this pig of a stock -- symbol "DJT". But Mr. Nunes, as its '34 Act CEO, has some. . . duties, imposed by decades of SEC case law. One is not to lie, knowingly, about any material matter, related to the stock, in the public square.

And a second is to correct a material misstatement, once made, again knowingly -- by the CEO.

I've seen numerous data-bases, and MSM published reports that put the retail shareholder base at under 50,000 people. The RECORD holders number around. . . 500. And he claims no larger "Wall Street" institution holds the DJT stock, as a long position (I am pretty sure that much is true).

So, when he claimed on air yesterday, and repeated it -- in an SEC filed Form 8-K (Material Developments) today... that he has "millions" -- or even "hundreds of thousands" of retail shareholders. . . he was lying, and he knew it.

Please let the SEC enforcement lawyers take a look at this 8-K.

This is willful -- and material -- misstatement, of fact -- not a projection, not "forward looking information". It is a material factual claim. . . one that is. . . clearly false. [Of course, if the DJT transfer agent, or the renamed "EFHutton" brokerage firm in Georgia (or other similar, and reputable representative of the company) will sign and notarize an affidavit that there are "retail holders" into the millions, under just five or ten or fifty record holder names. . . I will gladly print him a complete apology.]

Onward -- but this is. . . just so. . . on brand!

Me? I'd expect the SEC to ask after this -- messrs. DJT, "Truth" and Nunes, in due course. . . .

नमस्ते

No comments: