Good luck with that…
LOL
Moooo! Wait, does Devin Nunes still work there?
“Well, I’ll ask him but I don’t think he will be very keen!
Uh, he’s already got one, you see!”
Additional information, links:
As I understand, he’s locked from selling any stock for six months, although there might be tricks around that.
(Says state controlled media and all.)
in Russia even state owned media is right twice a day?
If the SPAC, Digital World Media, decides to, they can allow him to sell his stock early, and I suspect they’ll do just that:
Trump Media’s key stockholders, including Trump and its management team, agreed to a common financial provision, known as a “lockup” period, that prevents them from selling shares for six months after the merger unless Digital World waives the agreement, according to a Digital World filing.
https://www.washingtonpost.com/technology/2024/02/15/truth-social-trump-merger-sec/
For Digital World to waive that is not entirely clear from that filing, the lock-up seems pretty clearly intent on keeping that 6-month period clean, containing only a few exemption provisions about inheritance, gifts, or complete dissolution or acquisition of the company, however IANAL and there seem to be legal procedures for modifying the Lock-Up agreement and allowing for immediate sale in such affairs.
So, if he wants the money now, I think he’ll have to have the existing Digital World board specifically amend that provision in a new filing, or do something like get another company (cough, Musk, cough) to buy it so everyone can cash out. Anyone have the skinny on the exact procedure?
Trump trial facing delay because of the overwhelming amount of evidence of his guilt
Medical whistleblowers:
