Former President Donald Trump was accused in a lawsuit of trying to “drastically dilute” the value of stock shares in his social media company.
“The attempt here is to deprive them of the deal,” said Christopher Clark, a lawyer for UAV.
“It’s not like they went out and bought a lottery ticket,” Clark said of the co-founders. “They actually went out and did the work, they created Truth Social, and now the beneficiary of that, Donald Trump, doesn’t want to pay.”
“Not a unique story, unfortunately,” Clark said, referring to Trump’s infamous practice of contesting bills from contractors and lawyers.
Fucking typical of Trump. But that’s what you get for encouraging him and enabling him. I hope the whole fucking thing dies and gets shut down.
At this stage it’s really on the investors. You should know by now that if you go in business with Trump, you’re going to get screwed. That’s been a pattern going back to the 80s, and somehow these guys didn’t see this coming?
Right??
Literally everyone that does business with Trump regrets it. Even Russia!
Saudi Arabia: You will too!
This Truth Social / DWAC thing seems like a scam to me all the way down. If Truth Social were really that valuable, why don’t they just go public themselves, instead of inventing a shell company to acquire it?
Far from an expert on any of this stuff, my understanding is this is a method of “going public” that skirts regulations.
Isn’t DWAC already public and that’s the real point?
So much winning
deleted by creator
