Many of the MAGAt crowd have said they view buying it as a "campaign contribution". The problem is. . . none of this goes to his campaign -- and the savvy sellers are routing the ill-informed buyers, now. The stock is down almost 42 percent in just a handful of NASDAQ trading sessions. This means Tangerine has seen about $1 billion evaporate, of his supposed $4.1 billion stake -- in the money loser.
And rest assured -- this wretched pile of financial mismanagement. . . has much further to fall.
Hilarious -- with a pure "cronies board" (including the fail-son, as well!) to boot -- don't expect that they will right the ship.
[I doubt any of them even know what to do -- that's assuming he's willing to let them have the freedom to do something sensible, for the stock.]
In sum, he couldn't make me happier, if he tried. See 'ya at $2, boys.
नमस्ते
1 comment:
DJT’s new audit firm just amended the 10-K to express substantial doubt about its surviving as a going concern, two days after the first 10-K was filed:
“…Substantial Doubt about the Company’s Ability to Continue as a Going Concern
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, it is uncertain that the Company will consummate a business merger in the allotted time. If a business merger is not consummate but the specified date, there will be a mandatory liquidation and subsequent dissolution of the Company. Additionally, the Company has incurred and expects to incur significant cost in pursuit of its acquisition plans. These factors raise a substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty…”
Not a good look:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001849635/000114036124017385/ef20025735_10ka.htm
Cheers — this stock should be trading at… ~$2/share.
Out.
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