Trump social media company will go public as DWAC shareholders approve merger

[riversedge]

1. "If the board signed off on lifting the share lock-up period, that could quickly free up a large source of cash for Trum

and IMHO--this will happen as per the article--Trumpy has lots of friends and family on the board!!


That potential windfall for Trump, while massive, could not be immediately realized, at least not under the deal’s current terms. Trump will be barred from selling shares in the merged company for at least six months.

It is possible that the board of directors could vote to allow Trump to sell shares earlier than that. And that board could be stocked with people close to Trump, including his son Donald Trump Jr., former wrestling company executive Linda McMahon, and Trump’s former trade representative Robert Lighthizer, according to a list of planned nominees.

If the board signed off on lifting the share lock-up period, that could quickly free up a large source of cash for Trump, who is the presumptive Republican presidential nominee this year.

Trump currently faces huge legal bills from his attorneys in criminal and civil cases, and damage judgments topping a half-billion dollars in three separate civil cases...............................
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