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Drudge Retort: The Other Side of the News
Saturday, October 23, 2021

News late Wednesday that the former president's nascent media enterprise, Trump Media & Technology Group, is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy, even with few details released. The stock gain drove the implied value of the new venture to more than $8.2 billion.

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The SPAC could buy up Trump`s overleveraged and money losing properties at prices negotiated by Trump for both sides. One of my investment plans is to not invest in anything associated with Trump.

#1 | Posted by Charliecharles at 2021-10-23 04:53 PM | Reply

I see fools still need to be separated from their money.
Thanks Trump.

#2 | Posted by bored at 2021-10-23 05:02 PM | Reply

Randolph Duke : Good, William! Now, some of our clients are speculating that the price of gold will rise in the future. And we have other clients who are speculating that the price of gold will fall. They place their orders with us, and we buy or sell their gold for them.

Mortimer Duke : Tell him the good part.

Randolph Duke : The good part, William, is that, no matter whether our clients make money or lose money, Duke & Duke get the commissions.

Mortimer Duke : Well? What do you think, Valentine?

Billy Ray : Sounds to me like you guys a couple of bookies.

Randolph Duke : [chuckling, patting Billy Ray on the back] I told you he'd understand.

#3 | Posted by LegallyYourDead at 2021-10-23 07:08 PM | Reply

Doubtful.

#4 | Posted by a_monson at 2021-10-23 09:09 PM | Reply

is planning to go public via a special purpose acquisition company has sent retail investors into a frenzy, even with few details released.

Standard Trump.

More than likely he'll make out like a bandit and we'll get story after story from investors whining about how they were scammed.

#5 | Posted by jpw at 2021-10-24 10:10 AM | Reply

Maybe it's best to let Trump keep fleecing his followers... maybe if he cons enough money from them he would avoid politics altogether.

#6 | Posted by 503jc69 at 2021-10-24 10:07 PM | Reply

special purpose acquisition company

The investment company backed by the chinese government. But keep beating the drum about "china joe"

"We have no financials. We have no business plan. We don't know how they got to the valuation. We have no information," said Kristi Marvin, chief executive of research firm SPAC Insider. "That's the fundamental problem."

Sounds like SOP for Donnie Fail.

"Meet Patrick Orlando, the CEO of Digital World (which raised $300 million earlier this year and has a little less on hand) as well as two other SPACs. According to filings searched using Sentieo, an AI-enabled research platform, Mr. Orlando is the CEO of Benessere Capital Acquisition Corp.

Perhaps more interesting is Mr. Orlando's role as CEO of Yunhong International (ticker: ZGYH), another SPAC where he is CEO. Yunhong International is located in an office building in Wuhan, China, according to SEC filings. That same address is shared by Yunhong Group, which sells an array of supplements such as "Natural Brain Booster Capsule" and "Bitter Gourd Peptides"."

Oooohhhh what can go wrong here?

#7 | Posted by Nixon at 2021-10-25 07:09 AM | Reply

This is the kind of thing that makes me laugh whenever people hold investors in some sort of high regard. Waxing philosophically about the "risk" and "hard work" and blah blah blah.

They're idiots with money. Period.

#8 | Posted by jpw at 2021-10-25 11:16 AM | Reply

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