Dem
51
GOP
49
While grift from his supporters is nice, for Donald Trump, the big money is now in his company, Trump Media and Technology Group, which trades as DJT. Trump owns warrants there and they have just been converted into more common stock. This raises the "value" of Trump's stake in the company by another $1.3 billion to $4.7 billion. However, Trump can't sell any of this stock until September and if he tries to offload too much at once, it will cause the price, which closed yesterday at $35.67, to collapse.
If Trump loses his appeal on the New York fraud civil case, he will have to pay $454 million plus accrued interest. He has already put $175 million in an account with an insurance company, but he will still need to come up with more than $325 million more. If he can drag out the appeals process until September, he could sell some of the stock to come up with that money, even if it causes the stock price to drop.
Of course, the stock could drop on its own if investors looked at TMTG the way they look at any other company. The company's valuation is about 1,220 times last year's revenues. No other publicly traded company has such an incredible multiple. And if Trump loses the election, the stock price will nosedive very quickly, so he needs to get out in the fall without causing a collapse. (V)