Recently there has been significant chatter in the main stream media about Donald Trump's inability to obtain bonding to advance appeal (and hopefully reversals) of significant judgements due to fraud and defamation convictions. I'm going to go out on a limb and suggest that this is likely made-up reality television drama - a narrative Mr. Trump employs regularly. Hear me out.
There will be no bankruptcy and nobody is going to seize any Trump properties.
Some
time ago Donald Trump set in motion the monetization of Truth Social by
means of a thing called a SPAC (Special Purpose Acquisition Company).
Unlike a traditional IPO (including troublesome stuff like disclosure or sales, earnings and more) this is not in my wheelhouse; nevertheless, it is an investment opportunity.
If this works as planned Trump will raise sufficient funds to meet the cash bond and probably pocket $3 billion+ of additional walking-around money.
WSJ published excellent coverage yesterday - but it is behind a paywall. This link may work.
Stay tuned.....
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