Shareholders Vote Yes To Trump's Merger

-


Shareholders have voted yes to the merger. This answers questions I had below, in 15 February 2024 post.

Breaking news this evening will be welcomed by former President Donald Trump. His company, Trump Media and Technology Group, which produces Truth Social, his online drumbeat has been cleared by a Securities and Exchange Commission ruling, to merge with a company called Digital World Acquisition Corp (DWAC).

Apparently, DWAC shares jumped 15% after the announcement, but shareholders will vote on the merger first.

What does this mean for Donald Trump’s bank account? If more people regard it as just a business opportunity and don’t care about the ‘truth’, does this mean he has deep pockets to fight the U.S. justice system in perpetuity?

I don’t know much about companies going ‘public.’ I’ll wait until some Wall Street experts explain how it works, and implications for the 2024 presidential election.

Nonqaba waka Msimang

Executive Blogger

Comments

Post a Comment

Popular posts from this blog

Elections And Political Bullies

-
Image
Forget democracy.   It should be called political bullying. We are watching it in the prelude to the Canadian election on the 19 th of October, 2015.   Americans have also started their political bullying for the looming presidential election next year. So many trees wasted on books about democracy.   Some countries have big budgets for invading other countries ‘ to defend democracy’ but it is seldom practised in campaigning for elections.   Calling opponents names and printing flyers attacking each other is behaviour that will not be tolerated in kindergarten, but it is all legal, in campaigning.   It is irritating and such a let-down to the whole notion of democracy.   Grown-up men and women behaving like Grade One kids. It is also misleading because many voters believe it is real hatred.   Don’t let that fool you.   These politicians play golf together, attend the same dinner parties, eat and drink at the same social events, share jokes and cut deals in parliament.   They
Read more

Comfort Food As Regret Food

-
Image
Chicken curry. Comfort food is good for the soul, which usually bleeds in winter from icy roads, bad drivers that want to annihilate pedestrians, frozen fingers and toes that take a sabbatical.   What happened to my toes?   I thought I was wearing special socks for boots? We therefore have a right to comfort food which throws doctors’ orders out of the window and has no loyalty to calories.   No calculator on the table, thanks very much.   Piece of bread 5 calories, half a banana 10 calories, sugar-free cheesecake 2,000 calories.   Ah! Ah!  We only live once. Naw!   Comfort food is old school food with its compulsory second helping.   It involves licking fingers and giving a big sigh, about the good life, which is shelter, food, love and debt.   The problem is the zip.   The jeans remind you that comfort food can also be called you will regret food .   Home sweet home is even sweeter in winter after surviving blowing snow and bumper to bumper traffic. What is more welcoming th
Read more

Internet Manners

-
Image
The internet and mama have something in common: manners.   They believe that always say Hi! To people you meet. Home is where the heart is, but it is rough being at home these digital days.   People are so tied up in chat rooms, Instagram, Twitter, FB, YouTube or Google mania, they don’t have a minute to say hi or good night to people they share a toilet or kitchen with. Thank god for internet players.   They say hi to me when I re-open a document after a thirty minutes’ break.   It’s all automated, but it is nice when the computer calls me by my name and encourages me to continue, where I left off. The internet understands that greetings are the definitive ice breaker, before saying mum, I’m hungry or dad, can I have the car keys? Facebook has taken it to the next level because it understands that I live in a strange province where the weather is a headline story, and not what Prime Minister Justin Trudeau thinks about the Keystone Pipeline, so Facebook reminds me of temperatu
Read more