Donald Trump gets a $300 million discount and is about to make a $3 billion flea market
12:45 PM EDT, March 26, 2024
The saving grace for Donald Trump on Monday morning in New York. Two court rulings were made massively in favour of the former president of United States. Not only can he pay about $300 million less, $175 million instead of 464$ million, but he has got also ten days more to get the money. His plan is to sell his stocks on Tuesday.
Donald Trump claims he is going to pay in cash
He claims he can make the payment in cash, but can he really? If everything goes his way with the stock outsell, it seems so. The parent company of Trump Media is about to make its stock market debut on Tuesday. Its value is estimated at about $3 billion dollars while Donald Trump have about 58% shares of the company. If the outsell goes his way it turns out that he can deal with the problem of the fraud trial with the two other cases left though. It was good sunny Monday morning in New York for the former president of the United States (could one really believe so?).
NBC News reports on some details of the trade about to be made:
Shareholders in the shell company Digital World Acquisition Corp. (DWAC) agreed Friday to merge into Trump Media.
The newly combined company will trade on the Nasdaq exchange under the stock symbol DJT.
Trump did not hold back from insulting lawyers and officials
During the hearing Donald Trump had made the allegations that the district attorneys are working in the comitee with the federal prosecutors in trying to withhold information from Donald Trumps lawyers. "These are unbelievably serious allegations" the former presindent heard in response.
While short briefing for the media afterwards Trump said that "it will be my honor to post" the money.
CNN News reports on what happened in the breifing:
When questioned by a reporter, Trump then said he will use cash for collateral.
At his news conference, the former president also railed against the plan to start his criminal trial next month.
“You have a case which … they’re dying to get this thing started. The judge cannot go faster. He wants to get it started so badly,” Trump said.
Trump’s lawyers have sought to delay all four of his criminal trials to push them past the election. In the other three, he may yet be successful, though the New York trial is now set to begin in three weeks.
Sources: NBC News; CNN News
