More and more. Trump is a magic pudding keep on giving
"Donald Trump's social media company is eyeing plans to issue millions more shares, just as the former president's hush-money criminal trial begins in New York.
The move from Trump Media also marked a step toward letting insiders, including Mr Trump, sell their holdings.The company has already been hit by a wave of selling since official trading started after its formal stock exchange debut in March.
Shares fell another 14% on Monday.
As Mr Trump satquiet and motionless in the courtroomshares in the company which runs the social media platform Truth Social slid to less than $28 apiece.
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No rush to buy as he is about to bring in his much reduced cash by bailing out of his own shares while raising 21.5 million more shares
"In a regulatory filing, Trump Media said a potential 146.1 million shares could be sold, including 114.8 million shares owned by Mr Trump.
It also notified investors of plans to issue roughly 21.5 million additional shares in connection with warrants, which give the owner the right to shares at a certain price. Trump Media said it expected to raise about $247m via such sales, which are common after a public listing like Trump Media's.
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How do you short this train wreak may be the best question
