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He’s bound to start treating me right

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It’s no surprise that DJT is continuing to plummet as we approach the date when Trump can get out before his meme stock crashes completely, but the detail in the last graf here is amazing:

Shares of Trump Media closed Wednesday at a new postmerger low on the eve of the expiration of “lockup” restrictions that have barred Truth Social owners’ insiders, such as majority shareholder Donald Trump, from selling their stakes.

Trump Media stock fell 3.22% on relatively light trading, to close at $15.62 a share. At Wednesday’s closing stock price, the company had a market capitalization of $3.126 billion.

Trump Media made its market debut on the Nasdaq in late March after a merger with a special purpose acquisition company.

Trump and others who received stock in the company before it went public were not allowed to sell any of these shares for approximately 180 days, under the common initial public offering provision called a lockup agreement.

For Trump Media, the lockup period expires Thursday.

Last week, shares shot up as much as 25% after the Republican presidential nominee said he had “absolutely no intention of selling” any of his nearly 57% stake in Trump Media.

It says a lot that there are, in 2024, people who will invest actual money in the proposition that Donald Trump is telling the truth when he says that he will look out for your interests and not his. (Some of these buyers are presumably people who expected other people to be this gullible, but unless they got out before closing on Friday I don’t think it will work out any better for them.) The pool of suckers isn’t infinite — anybody who still has DJT stock next month will have taken a huge bath — but it’s large enough to keep Trump both politically and financially viable.

The way he pronounces “bitcoins” in his pitch for worthless digital trading cards is man who knows he’s planning another shakedown of morons while filming this one, and it’s hard to blame him.

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