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Drudge Retort: The Other Side of the News
Monday, October 25, 2021

A Mexican dealmaker in China was one of the key architects behind former President Donald Trump's deal with a special purpose acquisition company.

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...Shanghai-based ARC Group Ltd. was an adviser to Trump's merger partner Digital World Acquisition Corp. and was tasked with building the SPAC's deal pipeline, according to its listing prospectus. The boutique is led by Mexican founder Abraham Cinta, who's lived in the Chinese financial center for over eight years. ...

Made in USA

#1 | Posted by LampLighter at 2021-10-24 05:19 PM | Reply

LOL, and?

You do understand how a SPAC works, correct? It is simply a means to a backdoor listing of Trump's new social media company. It allows him to go directly to the market without requiring a roadshow, etc which actually reduced the fees for the advisors and the money stays directly with the offering company to grow the company. It is an end-run around traditional Wall Street players like Goldman Sachs.

The reason why the liberals are crying is that this allows them to raise a ton or cash very, very quickly to build out the social media platform before 2022 - and I expect Truth to be just as biased as is Twitter and Facebook.

What Dems should be worried about is Biden's -9.8% approval rating. The 2022 midterms are going to be an unmitigated disaster for the Dems with or without Truth being funded and built out.

#2 | Posted by Skeptical at 2021-10-24 09:43 PM | Reply


@#2 ... you do understand how a SPAC works, correct? ...

Oh I do understand how a SPAC works. And your comment indicates the complexity that fmr Pres Trump went through in a failed attempt to hide his foreign backers.

I also understand that fmr Pres Trump seem to be all "made in the USA" except when it comes to benefiting him personally.

So, lemme ask ya...

What do you think of a leader who says one thing but acts quite differently from what he says?

You're up...

The Chipmunks - Alvin's Harmonica
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#3 | Posted by LampLighter at 2021-10-24 10:17 PM | Reply

"And your comment indicates the complexity that fmr Pres Trump went through in a failed attempt to hide his foreign backers."

There is no complexity and there is nothing made in China as a relates to the SPAC. It is a US listed entity that will hold US assets in Trump's social media platform. All of the backers are completely transparent. Again, please try to research what a SPAC is.

"I also understand that fmr Pres Trump seem to be all "made in the USA" except when it comes to benefiting him personally."

Go back and read my comments above.

"What do you think of a leader who says one thing but acts quite differently from what he says?
#3 | POSTED BY LAMPLIGHTER"

Currently, we call him President Biden....but I don't think he is a much of a leader.

#4 | Posted by Skeptical at 2021-10-24 10:23 PM | Reply

@#4 ... There is no complexity ... Again, please try to research what a SPAC is.

Oh SPACs are inherently complex. For starters, they are shell companies, which exist solely to bring other firms to market, Why do you think they were created by Wall Street? Look at the goal of SPACs. Then look at what your comments attempt to espouse.

OK, since SPACs exist to bring other firms to market, what say you about a SPAC ...

Shanghai-based ARC Group Ltd. was an adviser to Trump's merger partner Digital World Acquisition Corp. and was tasked with building the SPAC's deal pipeline, according to its listing prospectus. The boutique is led by Mexican founder Abraham Cinta, who's lived in the Chinese financial center for over eight years. ...

So fmr Pres Trump, the Made In USA president is using a China-based Mexican for his financial gain?

You're up...

#5 | Posted by LampLighter at 2021-10-24 10:44 PM | Reply

@#4 ... Currently, we call him President Biden ...

fwiw... I do note the lame deflection attempt of your comment.

#6 | Posted by LampLighter at 2021-10-24 10:46 PM | Reply

"Shanghai-based ARC Group Ltd. was an adviser to Trump's merger partner Digital World Acquisition Corp."

They were an advisor....and?

"and was tasked with building the SPAC's deal pipeline, according to its listing prospectus."

Did they put a buy of Chinese based/Chinese owned entities with the SPAC? No. So, again, other than an advisor living in China, what is your issue?

"The boutique is led by Mexican founder Abraham Cinta, who's lived in the Chinese financial center for over eight years. ..."

Again, and? He is an advisor. Why would an advisor be Mexican and/or live in China? Because SPACs for the last few years have been used to help bring foreign companies to a listed vehicle because they would not meet the requirements for an upfront listing. Prior, they could do this via a back-door listing or reverse merger, but SPACs have made this an easier path so it is many employed by foreign companies. However, given the better fee structure vs. a traditional listing, you will see this being utilized more and more for US based companies.

"So fmr Pres Trump, the Made In USA president is using a China-based Mexican for his financial gain?
You're up...
#5 | POSTED BY LAMPLIGHTER "

He is an advisor. Yes.

#7 | Posted by Skeptical at 2021-10-24 10:51 PM | Reply

@#7 ... The boutique is led by Mexican founder Abraham Cinta, who's lived in the Chinese financial center for over eight years. ..."

Personally, I have no issues here.

But I do have to ask why fmr Pres Trump, who has railed against both Mexicans and China for his political benefit, would not be concerned.

Jus' askin'...

So far, your comments have been dancing around that aspect. Humorously so, I might add. So many words, so little content.


#8 | Posted by LampLighter at 2021-10-24 11:02 PM | Reply

"But I do have to ask why fmr Pres Trump, who has railed against both Mexicans and China for his political benefit, would not be concerned."

Probably because bringing on an advisory service where THE SPAC PAYS THEM, not the other way around, has no hint of political benefit. This is quite different than Hunter Biden getting a $1B commitment from the SBOC to fund his venture fund where they then used the funds to buy US defense assets that would have otherwise not allowed the purchase due to CFIUS reviews/sign-offs. Can you see the difference? This is not a 'both sides do it argument' - this is a 'you don't understand what a SPAC is or what their advisors do' argument. In the case of Hunter Biden - $1B in Chinese money came into and controlled his fund - which was buying political influence. The same potential (and reality) is there with his art scam. In the SPAC, the money went the other way from the SPAC to the advisor. So, unless you want to revise your argument to that Trump is trying to buy Mexican/Chinese influence by paying fees to an advisory firm, I don't know what argument you are trying to make.

"Jus' askin'...
So far, your comments have been dancing around that aspect. Humorously so, I might add. So many words, so little content.
#8 | POSTED BY LAMPLIGHTER"

There is nothing to dance around - it is just your perception is warped because you don't understand what a SPAC is or what their advisors do....that or the direction of the flow of money.

#9 | Posted by Skeptical at 2021-10-24 11:18 PM | Reply

@#9 ... Probably because bringing on an advisory service where THE SPAC PAYS THEM, not the other way around, has no hint of political benefit. ...

So you seem to say the fmr Pres Trump enters into a financial deal where he has no clue about those on the other side of the deal.

That's a major leap for you. Congrats. :)


#10 | Posted by lamplighter at 2021-10-24 11:28 PM | Reply

"So you seem to say the fmr Pres Trump enters into a financial deal where he has no clue about those on the other side of the deal.
#10 | POSTED BY LAMPLIGHTER"

How would you ever draw that conclusion? The SPAC hires the advisors (so they know who they are). The SPAC pays the advisors - not the advisors paying Trump or the SPAC. Is your confusion a basic issue with understanding the concept of "cause and effect" - it sure seems that way.

#11 | Posted by Skeptical at 2021-10-25 01:07 AM | Reply

#2 | POSTED BY STOOGICAL

#12 | Posted by LegallyYourDead at 2021-10-25 11:04 AM | Reply

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