I don't remember reading this one before, but here you go:
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"A publicly-traded entity controlled by President Trump has previously been subject to a cease and desist order issued by the Securities and Exchange Commission.
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On January 16, 2002, the SEC issued a cease and desist order against Trump Hotels & Casino Resorts, Inc. (“THCR”) for violations of the anti-fraud provisions of the Exchange Act. As discussed in more detail in the SEC Release No. 45287, on October 25, 1999, THCR had issued a press release announcing its results for the third quarter of 1999 (the “Earnings Release”). To announce those results, the Earnings Release used a net income figure that differed from net income calculated in conformity with U.S. GAAP. Using that non-GAAP figure, the Earnings Release touted THCR’s purportedly positive operating results for the quarter and stated that the Company had beaten analysts’ earnings expectations. *****The Earnings Release was materially misleading***** because it created the false and misleading impression that THCR had exceeded earnings expectations primarily through operational improvements, when in fact it had not. The Earnings Release expressly stated that the net income figure excluded a one-time charge. The undisclosed one-time gain was material, because it represented the difference between positive trends in revenues and earnings and negative trends in revenues and earnings, and the difference between exceeding analysts’ expectations and falling short of them. SEC stated that by knowingly or recklessly issuing a materially misleading press release, THCR violated Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The SEC accepted THCR’s offer of settlement."
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The bankruptcy of THCR was big news and has been frequently recounted but I didn't remember the SEC cease and desist order. Who made this up? (a) The NYT? (b) WaPo? (c) The Dems? ... NONE OF THE ABOVE.
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That is a direct quote from the Feb 16, 2024 424B4 filed by DIGITAL WORLD ACQUISITION CORP. (DWAC) about their intention to "merge" with Trump Media & Technology Group (TMTG). As required by SEC rules, the Prospectus had to include items with potentially negative impact on the merger and value of the company post-merger.
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There are several pages titled "Everything Trump Touches Dies" (just kidding! The title is "Risks Related to our Chairman President Donald J. Trump") of Trump's numerous business and personal failures COMPILED BY TRUMP'S OWN TEAM and submitted to DWAC for inclusion in the prospectus. No NYT! No WaPo! No Dems!
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Not mentioned:
DWAC was raising money with the stated intention to merge with a company valued between $500 M and $2 B. TMTG's own recwnt disclosure claims that TMTG is only worth between $3M and $30M. Their website currently (Feb 20, 2024) claims a market cap of $11.5M, Just a tad short of $500M. TMTG currently has more than $30M in debt and no profits.
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If the merger goes through, Trump will own more than 70% of the merged company. Assuming that Trump sheep will quickly buy in, some analysts think that the stock price of the new company will provide Trump with an asset worth $2B to $10B ... before he tanks it (I added that last bit).
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Here are the links to the SEC filings:
http://ir.tmtgcorp.com/financials/sec-filings/
Feb 16, 2024 424B4 Prospectus 424B4:
http://s3.amazonaws.com/sec.irpass.cc/2660/0001193125-24-038590.htm
…Trump just farted. Expect 30 paragraphs from IMP to follow.
Several people who have spent time around Trump have recently commented that he has a terrible odor, including elements of a "shit his pants" odor.
…Trump just farted. Expect 30 paragraphs from IMP to follow.
Several people who have spent time around Trump have recently commented that he has a terrible odor, including elements of a "shit his pants" odor.
…Trump just farted. Expect 30 paragraphs from IMP to follow.
I previously addressed some of those issues here:
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/re-so-trump-is-the-victim-now-437826
"I acknowledge that when it's personal, the broader statistics don't matter. I don't exactly know what happened in your state and YOUR case, but ACA helped MILLIONS of UNinsured people get health insurance for the first time. ..."
I previously addressed some of those issues here:
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/re-so-trump-is-the-victim-now-437826
"I acknowledge that when it's personal, the broader statistics don't matter. I don't exactly know what happened in your state and YOUR case, but ACA helped MILLIONS of UNinsured people get health insurance for the first time. ..."