Without Any Doubt, The Least Competent '34 Act Company Team... I've Seen In At Least... 30 Years!

Former MAGA US Rep. Devin Nunes is CEO -- so we would expect it would a be slip-shod affair, and mostly a grift operation. And it is (Nunes is also free to sell tons of his own stock after mid-September 2024).

But this, tonight, is simply jaw-slacking: DJT, the NASDAQ company that holds the Truth Social brands, decided to rush in a Friday night SEC Form 10-Q quarterly report, because its revenue is plummeting, by 30%, quarter to quarter, and its costs of operations are ballooning, and it wants this buried.

It was in such a rush, it FILED a document that specifically notes it is a draft -- one to be reviewed as to key "risk factors" -- by Trump's LITIGATION counsel.

Obviously, that review never happened, because Footnote 4 on page 24 is still there -- for the SEC and investing world to see:

...TMTG’s success depends in part on the popularity of our brand and the reputation and popularity of President Donald J. Trump. The value of TMTG’s brand may diminish if the popularity of President Donald J. Trump were to suffer. Adverse reactions to publicity relating to President Donald J. Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base. President Donald J. Trump is involved in numerous lawsuits and other matters that could damage his reputation.⁴

Additionally, TMTG’s business plan relies on President Donald J. Trump bringing his former social media followers to TMTG’s platform. In the event any of these, or other events, cause his followers to lose interest in his messages, the number of users of our platform could decline or not grow as we have assumed. To the extent users prefer a platform that is not associated with President Donald J. Trump, TMTG’s ability to attract users may decrease. . . .

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4 NTD: To reviewed/updated as necessary by litigation counsel.. . . .

Add to this the staggering losses... and it should be a blood-bath for DJT on the NASDAQ Monday. A bloodbath that is, unless the loony Tangerine reality distortion bubblists take hold, and pump this piece of dog crap.

Wow.

The whole operation is a grift, so that Trump may personally cash out his 67% stake in this loser come mid-September 2024 -- before he loses the election, and its value then falls -- to under a dime a share.

Wow.

नमस्ते