- Joined
- Mar 3, 2004
- Messages
- 1,449
- Reaction score
- 2,577
$52.33 in the pre-market for DJT. Meteoric rise during an overall down market.
Hard to believe because the best figures I could get yesterday afternoon estimate a -20% user engagement drop off year over year for Truth Social from march to march.
and if you want a little glimpse into the shady ass business practices that spawned this business the trial of one of the accussed insider traders has begun-
If Andy L is to be believed, he has been strong armed and stiffed out of 10's of millions even though him and Moss were only going to own 10% tops, by Donald but that seems to out of character that I find the mere thought of it implausible.
Amazingly today is May 1st, as 2024 zips past faster than any year before it. If I am correct, a big IF, publicly traded DJT will have to publish audited financials by May 15th.
Now I get meme stocks have changed the paradigm, but as an old school, buy and hold, strong balance sheet and dividend loving investor, I would cash out a lot before those numbers go public.
My guess is they will follow the Elon playbook and announce some kind of wildly fantastical promise of future revenue streams right before or in the conference call, if they even have one, right after those number hit.
to inspire any confidence at all in the actual fundamental soundness of the business, they need to show quarterly revenue well above 1 million and it would help if they gave user growth and engagement figures.
Now having said that I'm all about fundamentals, let me ruin my argument by pumping my favorite little high risk penny stock Kraken Robotics KRKNF. Currently selling at .75c, Kraken announced another sub sea scanning contract yesterday for 8 million, or double DJT's yearly revenues last year. They are showing something like 250% year over year revenue growth, have a huge pipeline of projects that will continue to pay them steadily for years, and are building additional relationships with businesses and navies around the globe.
What do I know about underwater unmanned vehicle dynamics? Fuck all. But I do know we've pillaged and overpopulated the land, are over fishing the sea, so our two options for future resources are deep water or outer space. And I know which of those 2 is closer and better known to have modules of rare earth minerals littering the sea floor and Norway is leading the race to abuse our planet down there with other countries not likely to let them profit alone.
$51.86 after all my tl/dr typing
Hard to believe because the best figures I could get yesterday afternoon estimate a -20% user engagement drop off year over year for Truth Social from march to march.
and if you want a little glimpse into the shady ass business practices that spawned this business the trial of one of the accussed insider traders has begun-
If Andy L is to be believed, he has been strong armed and stiffed out of 10's of millions even though him and Moss were only going to own 10% tops, by Donald but that seems to out of character that I find the mere thought of it implausible.
Amazingly today is May 1st, as 2024 zips past faster than any year before it. If I am correct, a big IF, publicly traded DJT will have to publish audited financials by May 15th.
Now I get meme stocks have changed the paradigm, but as an old school, buy and hold, strong balance sheet and dividend loving investor, I would cash out a lot before those numbers go public.
My guess is they will follow the Elon playbook and announce some kind of wildly fantastical promise of future revenue streams right before or in the conference call, if they even have one, right after those number hit.
to inspire any confidence at all in the actual fundamental soundness of the business, they need to show quarterly revenue well above 1 million and it would help if they gave user growth and engagement figures.
Now having said that I'm all about fundamentals, let me ruin my argument by pumping my favorite little high risk penny stock Kraken Robotics KRKNF. Currently selling at .75c, Kraken announced another sub sea scanning contract yesterday for 8 million, or double DJT's yearly revenues last year. They are showing something like 250% year over year revenue growth, have a huge pipeline of projects that will continue to pay them steadily for years, and are building additional relationships with businesses and navies around the globe.
What do I know about underwater unmanned vehicle dynamics? Fuck all. But I do know we've pillaged and overpopulated the land, are over fishing the sea, so our two options for future resources are deep water or outer space. And I know which of those 2 is closer and better known to have modules of rare earth minerals littering the sea floor and Norway is leading the race to abuse our planet down there with other countries not likely to let them profit alone.
$51.86 after all my tl/dr typing
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