Trump just made another 3 billion, page-345

First 345 Last

Share
Profile

Follow
Osi

18,702 Posts.

201

17/04/24

09:14

Post #: 73380063
Share

Originally posted by GiddyYup: ↑

It was interesting watch it fall through the $40 point last week, then through the $30 mark yesterday and now looking like it will fall through the $20 shortly. There is no bottom in sight given that Trump hopes to start offloading his shares.

Intrinsic value ....... $0 !

Revenue is almost non-existant despite whatever Trump may have done to persuade republican supporters to push business his way. Clearly nobody sees value in spending money on his platform. Not surprising since it has so few users. Worse still they refuse to state how many of the tony number of accounts are active. If they don't want to say then its likely because that story is equally poor. Many people may have joined up during the initial excitement and when it failed to go anywhere they simply abandoned the accounts.

More concerning than the massive loss the business makes is that the majority of the less appears to be in interest charges. Interest on what? Loads of interest means loads of debt.

How do you make interest payments when you are losing $60m a year, have virtually no revenue, very few customers and no obvious prospects as to how any of it is going to get any better? This can only go one way I suspect. The only question is the speed that it drops and whether Trump and the other founders can offload to gullible investors along the way.

Who would want to buy shares in this dog?

Expand

Hi GiddyYup

The crazy paradox is that Trump is eliminating the savings of all the little Mum&Dad Trumpiters just before they walk into an election voting booth.

Cheers
9 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PRU

Nyangaza mine life extension on cards as 'pleased' Perseus spots encouraging mineralisation

IFL

True believers vindicated as CC Capital moves to snap up Insignia

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

First 345 Last

Trump just made another 3 billion, page-345

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Nyangaza mine life extension on cards as 'pleased' Perseus spots encouraging mineralisation

True believers vindicated as CC Capital moves to snap up Insignia

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Featured News

Trump just made another 3 billion, page-345

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Nyangaza mine life extension on cards as 'pleased' Perseus spots encouraging mineralisation

True believers vindicated as CC Capital moves to snap up Insignia

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Featured News