SEC rules for insiders are pretty strict. And he already made billions on the IPO. Even with the stock price crashing he’s still making a bundle, so I doubt there’s any reason for him to take a risk on illegal trading.
From what I understand; he can try to get a loan against the stock, but it is apparently unlikely any bank would make those loans given hes not allowed to sell the stock for another five months now.
It’s not a law that says he can’t trade his shares for six months. It was part of the deal going “public” (they loopholed out of having an IPO). That deal also can be changed by the board of directors. That board is just sycophants like Devin Nunes and one of his sons he doesn’t hate.
lol i bet he did! Meanwhile gamestop has 1B cash on hand is profitable and has a shit market cap of 3B. WAKE THE FUCK UP ALL US MARKETS ARE ALL BULLSHIT MADE UP ALL THE TIME.
If a $30 million business get valued at over a billion dollars, I’d short sell it too. Trump probably did too.
Trump is supposedly banned from selling it for six months. Do I think he has a way around that, yes.
He’ll just have someone do it for him.
Well the obvious one is the only thing holding to that six month block is the board of the company.
I don’t know if he can do antics like lending them to a shell company of his and have them do things with them.
SEC rules for insiders are pretty strict. And he already made billions on the IPO. Even with the stock price crashing he’s still making a bundle, so I doubt there’s any reason for him to take a risk on illegal trading.
Reason? How about stupidity as a reason?
Did he make billions? I know the media reported that his net worth had jumped billions from the increased valuation of the stock.
The more honest media also reported that he was unable to take advantage of that valuation because he couldnt sell any of the stock.
It is true that he doesn’t realize that gain until he sells. Which has to be disclosed ahead of time. Which could negatively impact the price.
From what I understand; he can try to get a loan against the stock, but it is apparently unlikely any bank would make those loans given hes not allowed to sell the stock for another five months now.
It’s not a law that says he can’t trade his shares for six months. It was part of the deal going “public” (they loopholed out of having an IPO). That deal also can be changed by the board of directors. That board is just sycophants like Devin Nunes and one of his sons he doesn’t hate.
lol i bet he did! Meanwhile gamestop has 1B cash on hand is profitable and has a shit market cap of 3B. WAKE THE FUCK UP ALL US MARKETS ARE ALL BULLSHIT MADE UP ALL THE TIME.
lol GME’s price per earnings is over 500 and they’re not doing shit with that money you gave them. Die mad about it.
Eat my dickhole bootlickers…
Post loss porn baggie
I’ll bedpost ur mom if you prefer…
Truly a sophisticated investor. How could you have possibly lost all your money gambling? It must be the hEdGiEs.
bUt BuT tHe gOlDeN rUlE oF eCoNomIcS
it’s not just the US. the initial value of stock or companies is hard to determine. look at this, for example:
A graph with an arrow. Are you smoking red crayons!?