rolling “Trump is gonna win” containment thread

Planes have been seized before, it's not like there isn't a process.

wing it

time for another shoe drop

Will this do?

Trump Media co-founders sue company, alleging a scheme to dilute shares

The co-founders of former president Donald Trump’s media company filed a lawsuit Wednesday, claiming that Trump and other leaders had schemed to deprive them of a stake in the company that could be worth hundreds of millions of dollars.

The case could complicate a long-delayed bid by Trump Media & Technology Group, owner of the social network Truth Social, to merge with a special purpose acquisition company called Digital World Acquisition and become a publicly traded company.

That merger deal, which could value Trump’s stake in the company at more than $3 billion, would offer the former president a financial lifeline at a time when he is facing more than $454 million in penalties from a civil fraud judgment this month in New York.

...

Andy Litinsky and Wes Moss, who met Trump as contestants on his reality show “The Apprentice,” pitched Trump on the idea of a Trump-branded tech start-up and social media platform in early 2021 after he lost the White House and was banned from Twitter, now called X.

Trump agreed to the deal and was given 90 percent of the company, according to a motion for expedited proceedings filed Wednesday in the Delaware Court of Chancery by the co-founders’ partnership, United Atlantic Ventures. The partnership took 8.6 percent, while an attorney on the deal, Bradford Cohen, was given the remaining 1.4 percent, the motion states.

UAV launched the Trump Media business, hired employees and raised funding while receiving no “fee or payment for its work,” the motion said. And though Litinsky and Moss left Trump Media that year amid a dispute with its current leadership, UAV retained its shares, according to a Securities and Exchange Commission filing this month from Digital World.

The filing said that Trump was set to receive 78 million shares in the post-merger company — a stake worth $3.5 billion at today’s share price — and that UAV would receive more than 7 million shares, a stake worth about $339 million. “Throughout TMTG’s corporate history,” the motion states, “UAV’s 8.6 percent ownership interest has been recognized and honored.”

But UAV’s attorneys allege in the motion that Trump has recently attempted to “drastically dilute” the partnership’s stake as part of what they called an “11th hour, pre-merger corporate maneuvering” tactic designed to increase the amount of authorized stock, from 120 million shares to 1 billion shares.

UAV’s attorneys wrote that the “dilution scheme” had “no legitimate business purpose” and suggested that Trump and the Trump Media board planned to issue the new shares to “Trump and/or his associates and children,” watering down UAV’s stake to less than 1 percent.

UAV was “promised 8.6 percent of this company and sadly its business partners are baselessly trying to renege,” said the partnership’s lead attorney, Christopher J. Clark of Clark Smith Villazor, in an interview with The Washington Post describing the lawsuit. “They feel like: We made Truth Social for you. You get 90 percent. But some people just aren’t happy with 90 percent.”

Wake me when he actually pays anyone for anything anywhere or loses an actual thing or building or whatever. I keep hearing about some comeuppance that is imminent. Cool, but I will only rejoice when it arrives.

Narnia: always winter but never Christmas.

No I figure one more lawsuit is what will bring him down

Hey maybe someone should consider suing him, that will certainly be his doom

all his building are probably leveraged up to the point that he doesn't really own them.

Planes have been seized before, it's not like there isn't a process.

― the absence of bikes (f. hazel), Thursday, February 29, 2024 10:45 AM bookmarkflaglink

preferably while it's in the air, in this case

https://external-preview.redd.it/h7YsbgBqS_qbeg2I6uKMbTfL9PI88g_Nx51EnVAu_9E.jpg?width=640&crop=smart&auto=webp&s=69e6a84c1d16ee37ebedf7f26f290e74470fb6d8

Is that Billy Corgan?

Victory has defeated you!

xp - no, but now i kinda want a Corgan/Bane voice duet on "Landslide"

lol

four seasons total twitterscaping?

https://www.vanityfair.com/news/donald-trump-truth-social-media-merger

where's the txt returns

After Jesse Watters ran this segment and Trump posted it, this juror asked to be excused because she was concerned about her identity becoming public. Fox & Trump are coordinating to intimidate jurors.

really not feeling good about things today

things are apparently getting better for Biden polls-wise, and looking better for Congress too.

Again, all I want from the trials is that he is annoyed, distracted, harassed, and 24/7 upset until he has a stroke.

I want his life to be miserable, and all those around him. I want them wishing they were never born.

the more shit he tries to pull the longer the whole process is gonna take. I mean I'm not hopeful any meaningful consequences are gonna come out of this but the election is in 7 months and criminal court is not exactly where you wanna be

That's a good point, the longer he delays this, the longer he has to sit in there.

if he...wins again - i have a REALLY big problem typing that - is there at least a chance that he will spend the four years in courtrooms? because maybe that is the best people can hope for. or can he just stop everything legal for four years?

i'd like him to go away forever so i can stop thinking about him. not particular about how that happens

Tracer otm.

I feel better from an electoral standpoint, though not great, as polls and betting markets continue to move towards Biden, and I don't think the memes about Trump sleeping in court and other mockery, which subconsciously weakens him in the mind of low-info voters, is going to help him.

from a "rule of law" standpoint, I am a bit on edge with him and his state-run media at Fox attempting to threaten jurors. I don't know much about contempt, what the judge is allowed to do, etc, so I can't comment on that, but these types of judges are not used to having former sitting Presidents facing criminal trial in court. Particularly ones powerful enough that they can have entire news networks doing their bidding.

I worry that the usual methods of dissuading this behavior may not be effective. a garden-variety CEO under criminal investigation might take threats from the judge seriously, but Trump is an old white man who's gotten his own way and can weaponize millions of people and news organizations, and simply being told 'don't do that, I mean it this time' isn't going to cut it.

help him = help Trump

i’m at home with my dad right now and he has msnbc on all the time and EVERY. SHOW might as well be called “the trump show” it is fucking psychotic, people are transfixed by him, i’m going out of my mind. my dad keeps telling me stuff and i am like please stop talking to me about donald fucking trump. please. i’ve got an idea for msnbc if they think they’re so progressive why not talk about something besides the most loathesome human being in the world just an idea

Tracer otm x2

I had a similar freakout on Tuesday visiting a friend for happy hour. She works from home and has MSNBC on all the time. She's astoundingly well-informed but I had to tell her OMIGOD IT'S 2016 AGAIN PLEASE STOP.

These judges are all cucks for not having thrown him in jail already

they are all being blackmailed imho

the other thing is...and I am going to carefully state that the following isn't meant as a glamorization of the incarceration system...

Trump could possibly lose the already tenuous grip he has on his own sanity if he went to jail, even for a few days. Not because of the abject awfulness of the experience - in this fantasy scenario where he went to jail for contempt, it'd be a local jail, and he'd be separated from other inmates. He'd probably get his meals faster than other people, his lawyers would be watching closely so he'd get better treatment than other inmates, many in law enforcement probably are his followers, so....he'd be more inconvenienced than anything.

but the indignity of it would infuriate him. "How dare you? ME, Donald Trump, you put ME in jail?". you're not free to come and go as you wish, even when you're treated better than the rest of the population, you're still treated like trash compared to how you were treated in the free world.

I feel like it might scramble his brain to where he can't focus on the election anymore, and he'd be likely to be found in contempt again upon return because he'd be likely to ignore every judge's order, might even publicly threaten the judge or do something that adds new charges.

This is all my fanfic and I know it hinges on Trump getting jail time which I think the chances of happening are less than 2%. But I really feel like if he even spent 1, maybe 2 nights in a local jail, it'd be too much for his fwagile widdle ego and the cheese will finally slide off his cracker. so I'm hoping it happens.

xposts MSNBC is liveblogging the trial and sharing updates on every juror, i.e. "Juror #1 has read Michael Cohen's book, he also likes the New York Yankees".

like who FUCKING CARES? at worst, they might eventually slip up and publish something that helps outsiders identify the juror, but even in the benign cases, WHO REALLY FUCKING CARES? if I wanted that level of meta-detail, I'd watch the news or I'd go into the trial myself with a comedy mustache.

MSNBC would tank without Trump. Nicole Wallace exists so she could talk about Trump for hours. Even Chris Hayes, their only worthwhile reporter/commenter, is following the edict.

Maybe MSNBC could go find some left-wing "populists" to boost instead if they're so scared of losing viewers.

Again, an inspired act of God should happen here

the human body is such a frail thing, people drop dead from heart attacks every day, it's perfectly possible one of them will be this fucking guy

"I hope you like squab!"

https://i.imgur.com/Tja6XAs.jpg

him having an aneurysm in the courtroom would be fun because his lawyers would be so freaked out having him die on their watch they'd probably do everything possible to pretend everything's ok and keep the medics out.

"Mr Trump....hi, Mr Trump, need you to wake up sir. He's fine everyone, he's tired from being kept up all night with this witchhunt. don't worry, go ahead and keep proceedings going, we'll wake him up"

"he's decomposing, it stinks"

"judge can you throw this man out, that's bodyshaming"

Trial At Bernie's

Taking sides: watching the SOTU vs watching msnbc vs watching the SOTU opposition party response

need fourth option - "death"

if he goes to jail for contempt please give him epstein's cell.

it's a lucky cell...

fwiw I do not currently think trump is going to win, I think Dobbs backlash will sweep Biden back into office with congressional majorities and almost nothing else matters

I never cared for what they say.

ty silby!

also possibly weighing on 2scoops' mind re jail is (he maybe ordered, or at least was in the know regarding?) his buddy jeff epstein's demise

total MacBeth moment

Well that would be one heck of a plot twist.

the MAGAts would refuse to admit he's dead and still vote for his corpse of course

A corpse is corpse of course of course
And no one can vote for a corpse of course