I know more about his bonds than I do about his actual policies. Sad
Trump : "no one will insure my $464M bond"
- Thread starter TEN
- Start date
I know more about his bonds than I do about his actual policies. Sad
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Shares of Truth Social owner Trump Media & Technology Group tumbled 12% on Friday, sinking to their lowest level since the company went public last week.
The selloff has erased nearly $2 billion from the value of former President Donald Trump’s stake in the company this week.
Trump Media shared surged to as high as $79.38 on March 26, the day trading began on the Nasdaq under the ticker symbol “DJT.”
Since then, the Truth Social owner’s share price has plunged by 49% to the closing price of $40.49 on Friday.
Trump’s personal stake in the company is now valued at about $3.2 billion. That’s down from $4.9 billion at the end of last week.
Trump Media recently disclosed losing $58 million last year on very light revenue of just $4.1 million. The financial results underscore concerns raised by some experts that the company is being vastly overvalued by Wall Street.
Barry Diller, the billionaire chairman of Expedia and People Magazine owner IAC, told CNBC on Thursday that Trump Media is a “scam” and people buying the stock are “dopes.”
“I mean, it’s ridiculous,” Diller said on CNBC. “The company has no revenue.”
The Finesse King does it again...
nypost.com
Trump rakes in record-setting $50.5 million at exclusive Florida campaign fundraiser, shattering Biden’s NYC haul
Former President Trump’s campaign raked in a jaw-dropping $50.5 million at an exclusive fundraiser dinner with billionaires in Florida.
nypost.com
sad part about it is........the majority of those attendees didnt pay a dime.The Finesse King does it again...
Trump rakes in record-setting $50.5 million at exclusive Florida campaign fundraiser, shattering Biden’s NYC haul
Former President Trump’s campaign raked in a jaw-dropping $50.5 million at an exclusive fundraiser dinner with billionaires in Florida.
some billionaire paid in full for everyone to show up......lol
They try to make it seem like all those people were shelling out over $200,000 a piece to attend when that wasnt the case.
op looks shitty lol
Half billion dollar bond
Poof
It’s gone
Half billion dollar bond
Poof
It’s gone
Dave Chappelle said it properly, white women were in on the heist, they just don't like their cut. White women will support white men until the very fucking end, and that's why they will vote Donald Trump regardless of what he does and who he is as a human being
We are hoping that the stress from all this bullshit kills him. Unfortunately, as someone said, he lives for this. He's insulated on so many levels of being held accountable that he's literally an egg wrapped in tons and tons of bubble wrap being dropped from the Terminal Tower. Even if that Contraption hits the ground, he won't feel it because he's never felt it25 pagesy'all still waiting for the white billionaire former president to be held accountable?
Rules are for other people. White people say Law & order, but they changed the law whenever they need to. Rules are for other people in their minds. No other race of human being could still be eligible to run for president with this bullshit hanging over their heads
In the military, if you had too much debt, your security clearances were removed because you were liable because of your debts to do things that would jeopardize the security. That's essentially what Donald Trump is and still he's allowed to run for president. Wow
As someone has said, he lives for this bullshit and while this stress will be enough to give anybody else a heart attack, he has never felt pain and he's insulated so much that he believes he's bulletproof because it's shown to be so. Not once in his life has he felt any pain for anything he's done
I'm hoping his diet kills him
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God-Of-War-420
Mr. Pool
Unfortunately with money like that he can afford to eat whatever the fuck he wants, this guy will die old, fat, rich, happy and in a penthouse/country club that he kinda owns. Lol meanwhile bgol will still be waiting for him to pay for his crimes and getting ready for Ivankas presidential run lol
I don’t know how in the hell Trump thought he was going to get away with this, especially with the state of New York.
Martin and Malcolm are in boxes while Murdoch just got engaged.
Meanwhile a 28 year black woman can expect to die after giving birth.
The Finesse King does it again...
Trump rakes in record-setting $50.5 million at exclusive Florida campaign fundraiser, shattering Biden’s NYC haul
Former President Trump’s campaign raked in a jaw-dropping $50.5 million at an exclusive fundraiser dinner with billionaires in Florida.
Yeah, I kept telling people this on Instagram yesterday. What’s the old saying if Trump is moving he is most likely lying.
Letitia James to Begin Claiming Donald Trump's Properties
By Sean O'Driscoll
Apr 08, 2024
www.newsweek.com
An insurance company will not be permitted to post a $175 million bond for Donald Trump while he appeals a fraud judgment, a former federal prosecutor has said.
Eric Lisann was reacting to a separate comment by another lawyer, Dave Kingman, who wrote that Knight Specialty Insurance will not be able to post the bond for Trump.
Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties.
A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4.
Newsweek sought email comment from Knight Specialty Insurance and Trump's attorney on Monday.
Trump must post the $175 million bond to prevent James from beginning enforcement proceedings after a judge fined the former president $454 million in February for fraudulently inflating the value of his assets.
Writing on X, formerly Twitter, one-time federal prosecutor Lisann wrote that Knight Speciality might not be able to post the bond for Trump and will be liable for the full amount because it had given a guarantee to the court.
"Looks like there is a real possibility that this Don Hankey-owned Knight Specialty Insurance does not itself have liquidity, and did not get from Trump collateral, sufficient to provide legally cognizable assurance that it can pay $175 million on demand in the event of a judgment-affirming appeal," he said.
"Thus NY AG James looks to be soon greenlit to execute on her $450 million judgment against Trump as if Trump posted no bond."
"But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won't automatically get out from underneath its own proffered surety."
Hankey, a billionaire, has already said that his company will be able to post the money for Trump.
He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million.
"Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won't have a stay [on enforcement]," he wrote.
The question rests on whether Delaware-based Knight Specialty will be able to post the bond in New York.
In April, 20220, the AM Best rating agency upgraded Knight's financial strength rating to A-(Excellent) from B++ (Good).
"These ratings reflect Knight's balance sheet strength, which AM Best assesses as very strong," AM Best wrote at the time.
Trump posted a $175 million bond on April 1 in order to prevent the seizure of his assets by New York while he attempts to appeal the civil fraud ruling against him. New York Judge Arthur Engoron previously found Trump, his adult sons Donald Jr. and Eric, and The Trump Organization liable for a scheme in which the value of Trump's net worth and assets were unlawfully inflated in order to obtain more favorable business deals. Trump, the presumptive 2024 GOP presidential nominee, has maintained his innocence in the matter.
Trump was hit with a penalty that came to around $454 million after interest, and would have had to pay a bond slightly higher than that amount to stave off the state from seizing assets, such as his many real estate holdings, to cover the penalty. An appeals court last week, however, ruled that he could instead pay a lower bond of $175 million.
The bond was then rejected by the court's filing system shortly after it was posted due to missing paperwork, including a "current financial statement." James, whose office led the fraud case against Trump, later raised questions about the "sufficiency" of the bond and noted that the surety backing it, Knight Specialty Insurance Company (KSIC), is not admitted in New York, meaning it's ineligible to obtain a certificate of qualification from the Department of Financial Services. KSIC has refiled its paperwork as a result in an effort to get the process moving again.
Donald Trump speaks on the phone at the 18th green during day three of the LIV Golf Invitational - Miami at Trump National Doral Miami on April 07, 2024.
By Sean O'Driscoll
Apr 08, 2024
Letitia James to begin claiming Donald Trump's properties: lawyer
Legal doubts remain about the insurance company posting Trump's $175 million bond in his New York fraud case.
www.newsweek.com
An insurance company will not be permitted to post a $175 million bond for Donald Trump while he appeals a fraud judgment, a former federal prosecutor has said.
Eric Lisann was reacting to a separate comment by another lawyer, Dave Kingman, who wrote that Knight Specialty Insurance will not be able to post the bond for Trump.
Kingman wrote that, as a result, New York Attorney General Letitia James will be able to begin enforcement proceedings on Donald Trump's properties.
A New York court has rejected Knight Specialty's paperwork and said it wanted to see more information on its financial backing. The company filed new paperwork on April 4.
Newsweek sought email comment from Knight Specialty Insurance and Trump's attorney on Monday.
Trump must post the $175 million bond to prevent James from beginning enforcement proceedings after a judge fined the former president $454 million in February for fraudulently inflating the value of his assets.
Writing on X, formerly Twitter, one-time federal prosecutor Lisann wrote that Knight Speciality might not be able to post the bond for Trump and will be liable for the full amount because it had given a guarantee to the court.
"Looks like there is a real possibility that this Don Hankey-owned Knight Specialty Insurance does not itself have liquidity, and did not get from Trump collateral, sufficient to provide legally cognizable assurance that it can pay $175 million on demand in the event of a judgment-affirming appeal," he said.
"Thus NY AG James looks to be soon greenlit to execute on her $450 million judgment against Trump as if Trump posted no bond."
"But the Trumpian part is that even though, or perhaps because, it may be part of a Trump scam, Knight now too may be on the hook for $175 million as it won't automatically get out from underneath its own proffered surety."
Hankey, a billionaire, has already said that his company will be able to post the money for Trump.
He was reacting to a comment on X by lawyer Dave Kingman, who wrote that Knight will not be able to post the $175 million.
"Understand that Knight Specialty has a problem. This bond cannot be approved. Under the CPLR [Civil Practice Laws and Rules] the surety will remain obligated under the bond until a replacement bond is filed. Trump is unlikely to get a replacement bond. Knight Spec will be liable AND Trump won't have a stay [on enforcement]," he wrote.
The question rests on whether Delaware-based Knight Specialty will be able to post the bond in New York.
In April, 20220, the AM Best rating agency upgraded Knight's financial strength rating to A-(Excellent) from B++ (Good).
"These ratings reflect Knight's balance sheet strength, which AM Best assesses as very strong," AM Best wrote at the time.
Trump posted a $175 million bond on April 1 in order to prevent the seizure of his assets by New York while he attempts to appeal the civil fraud ruling against him. New York Judge Arthur Engoron previously found Trump, his adult sons Donald Jr. and Eric, and The Trump Organization liable for a scheme in which the value of Trump's net worth and assets were unlawfully inflated in order to obtain more favorable business deals. Trump, the presumptive 2024 GOP presidential nominee, has maintained his innocence in the matter.
Trump was hit with a penalty that came to around $454 million after interest, and would have had to pay a bond slightly higher than that amount to stave off the state from seizing assets, such as his many real estate holdings, to cover the penalty. An appeals court last week, however, ruled that he could instead pay a lower bond of $175 million.
The bond was then rejected by the court's filing system shortly after it was posted due to missing paperwork, including a "current financial statement." James, whose office led the fraud case against Trump, later raised questions about the "sufficiency" of the bond and noted that the surety backing it, Knight Specialty Insurance Company (KSIC), is not admitted in New York, meaning it's ineligible to obtain a certificate of qualification from the Department of Financial Services. KSIC has refiled its paperwork as a result in an effort to get the process moving again.
Donald Trump speaks on the phone at the 18th green during day three of the LIV Golf Invitational - Miami at Trump National Doral Miami on April 07, 2024.
Trump Media stock drops more than 10% to open trading week
DJT's plunge followed a 12% decline in its share price on Friday.
Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company.
Dan Mangan
APR 8 2024
www.cnbc.com
DJT's plunge followed a 12% decline in its share price on Friday.
Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company.
Dan Mangan
APR 8 2024
Trump Media stock drops more than 10% to open trading week
Trump Media owns the Truth Social app, which is regularly used by former President Donald Trump, the biggest shareholder of the newly public company.
The internet is having a blast with these photos of Melania Trump looking peeved at a fundraiser
Absent at a fundraiser at Mar-a-Lago on Friday, where she was to be honored with a "Child Advocacy Award" — which Trump accepted on her behalf — her decision to show up for the event the following day prompted some to weigh-in with observations that she appeared less than thrilled about it, as though she was "checking the clock." "Melania looks like she’s in a hostage video tonight. Blink twice if you need help," writes Ron Filipkowski, Editor-in Chief of MTN, in a post to X (formerly Twitter) along with a clip from the fundraiser.
Kelly McClure
April 7, 2024
https://www.yahoo.com/news/internet-having-blast-photos-melania-180713684.html
Absent at a fundraiser at Mar-a-Lago on Friday, where she was to be honored with a "Child Advocacy Award" — which Trump accepted on her behalf — her decision to show up for the event the following day prompted some to weigh-in with observations that she appeared less than thrilled about it, as though she was "checking the clock." "Melania looks like she’s in a hostage video tonight. Blink twice if you need help," writes Ron Filipkowski, Editor-in Chief of MTN, in a post to X (formerly Twitter) along with a clip from the fundraiser.
Kelly McClure
April 7, 2024
https://www.yahoo.com/news/internet-having-blast-photos-melania-180713684.html
He will wiggle out of this too
Gat Damn. I should've followed the homie's lead up top when he said he was putting in puts this week 
Gat Damn. I should've followed the homie's lead up top when he said he was putting in puts this week
Everybody seeing this happening and quickly