Sure, it's dropped $20 a share in the last few sessions, but it is hardly "worthless".

So far, at least.

It's going to open around $32.50 this morning.

But he can't unload a billion dollars worth because the share price would fall like a rock if he did.

his foreign autocrats to push money to him through the backdoor.

As for his selling, he wouldn't do it all at once.

The market is saying it's worth $32.50 a share, with a market capitalization of around $7 billion.

Regardless of how you personally feel about the value of Truth Social, it isn't worthless.

Yet.

and regardless of the results of the election, that stock will eventually go under. There is no intrinsic value to support it.

It's worth whatever someone will pay for it. Just because there aren't enough assets behind it to support the value doesn't make the stock itself worthless. That's true of countless stocks on the market.

the hideous gold sneakers, the $100,000 watches made with parts from China, the embarrassingly ridiculous NFTs....

Do you think his base thinks that the money supports his campaign? It goes straight into Trump's pocket so he can maintain a lifestyle which promotes the ILLUSION of his wealth.

He doesn't even pay his own legal bills, but rather uses donations from his supporters.

He is a 2 bit conman.

When TFG loses, he will be looking at bankruptcy

How do you know this?

-E Jean Carroll over $80 million.
-The state of New York $500 million
-Back taxes for certain
-Loan payments to banks coming due of over $400 million
-Cities he has stiffedfor rallies

And the list goes on. The man is a DEADBEAT!

While their numbers fir the increase due his share of the meme stock is valid, Forbes has, for 6 or 7 years, refused to acknowledge debt not on thr company books despite them being public knowledge.
• The $600 million dollar loan from Deutsche Bank, Germany (a loan so sketchy several bank workers lost the jobs & 2 got indicted for malfeasance). This was internationally reported. Forbes did not acknowledge it.
• The $375 million promissory payment to the Bank Of China. Again, reported internationally & acknowledged by yhr Chinese bankers. Forbes failed to include this in their net worth calculations.
• The unknown sum owed Saudi Arabian interests, but known to exist because TFG admitted it. People have guess $600-800 million. Forbes ignored this
• Debt to Russian sources. Admitted to by the idiot kid, who also said they've done it for years. So, it's not a trivial sum.
• Finally, when Moody's did the 2018 Creditworthiness audit, they found assets overvalued by 20%+ & total debt load to US banks to be understated by at least a half-billion, Forbes adjusted asset value down by $300 million. This is about a quarter of what Moody's reported.
For reasons unknown, Forbes has done some interesting gymnastics to avoid getting an accurate net worth.
With the SPAC, he's now a billionaire on paper. Before that hyperinflation assets, it's very dubious the ever had a 10 digit worth.
I'd be careful with Forbes as a source as it regards TFG's financial status, were I you.

TFG has approximately $93 million in bonds for the two EJ Carroll judgments and $175 million in bonds for the NY AG judgements. The NY AG judgement would have required almost $500 million in appellant bonds and the Court of appeals reduced the amount of the appeal bond to $175 million

I listened to the oral arguments in the NY AG case and read most of the oral arguments in the first EJ Carroll case. I believe that appellant court reduce the judgment in the NY AG Case to something close to the bond amount and the Federal court will likely uphold the EJ Carroll case judgments.

$268+ million in bonds is meaningful and represents a large percentage of his liquid assets

shows the pathetic reality of Trump's record and belies the image of Trump as the "successful" businessman. He totally lacked any semblance of financial acumen or discipline and left a trail of victims in the wake of his many failed ventures.

When starting out in NY real estate, Trump used his father's success and business relationships to acquire loans for his many failed ventures. Trump would NEVER have qualified for those loans on the basis of his own finances, lack of experience and track record.

He used his father's political connections to get sweet tax abatement deals and to get support for projects that faced strong opposition from the citizens of NY.

After Fred Trump died, Donald blew his entire inheritance with reckless spending and more failed business ventures.

The TV show The Apprentice saved Trump from impending collapse and then the show further rescued his financial situation by allowing him to market the Trump name as if it truly represented success.

With Jet-A running an average of about $5.50 a gallon, and a fuel burn of about 1000 gallons an hour for that plane, a one hour flight from WPB and back is going to be around $11,000 in fuel. A one hour flight from West Palm will get him roughly to Atlanta or Mobile or a radius that intersects those two cities. 2 hours or 1000 miles will get him to NYC or Cleveland, Dallas, St. Louis, etc.

Now you can fuel a large aircraft like that on a credit account, but it's going to have to be paid regularly, and if the fuel vendors get wind of a bill not being paid, they won't fuel him.

I believe he has someone, either Saudi money or Russian, that is backstopping him for stuff like this, BUT, as I said, if a fuel bill goes unpaid, that information will get around to every airport he might land at and he will have a very hard time getting fuel.

Imagine the embarrassment if he flew into Albuquerque for instance, and had to leave his plane there! Imagine if he had to fly back to WPB on a commercial flight!

THEN we would know for certain he was having money troubles.

That's one of his main reasons for doing them.

Paging Prince Bonesaw! Paging Prince Bonesaw!

...not gonna be much left...

is to stay out of prison and to steal money (S.S./medicare etc.) to pay off his debts.

He never pays his bills and never will. That requires some honor and he has zero.

had an average person had multiple felonies and bankruptcies, they had a snowball’s chance in hell of securing a job, and access to government classified information. So allowing this 🍊 menace to become a president candidate makes an entire f’g joke of this government.

will declare bankruptcy again.

...bibles. Better get busy, Donnie.

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