Trump’s $300 Million SPAC Deal May Have violated Securities Laws according to a recent New York Times article.
Hey this is tom, and over the past few weeks we saw donald trump rise, like the phoenix from the ashes. The man came back right to the mainstream agenda. Talking about his new social media platform, it was really hard to ignore and in fact, whether you like him or hate him, i think the idea of another player in the social media marketplace is actually not a bad idea. We need some new blood.
We need some more competition, so i don't think it's a bad idea. However, it seems that this whole discussion will be put on hold because donald trump, much like my nephew dima just can't stay out of trouble. I don't know what's going on. Dima is really trying hard, but always trouble just keeps finding him so donald trump.
According to the latest new york times, article and i'll just tell you right now: there's not a lot of love lost between the new york times and donald trump. I mean they've published a lot of bad articles about them. So, according to a recent article from the new york times, donald trump actually is involved in a really bad, so they're, claiming that the spec that he's taking his company public with i'll talk about in a second actually knew the target, or at least had an idea About the target before they went public, which sounds like chinese to you, probably but i'll explain what i mean so in case you're new to this world. The idea of a spark is quite simple: the initial is a special purpose acquisition company, essentially instead of a company going public.
This empty shell goes public, raises money from the public, and then it merges with an existing private company, creating a public company with the new one, and basically that happened with nikola. That happened with lucid that. Well, you understand where i'm going with this, not a lot of exceptionally well made sparks happen over the past year, but yet again it is perfectly legal and there's some few good specs. I think out there like sofi, for example, so it's not a completely evil thing.
It has its issues, but then again, ipos have their issues as well, so donald trump actually is in talks with dwac digital world acquisition, corp, which is another spec and the head of the spec. His name is patrick orlando. I know it sounds like a mail up name like a fake character in the video game, but patrick orlando is a real guy and allegedly, according to this new york times, article, the head of the spark that same patrick orlando, knew about his target well in advance And didn't tell his own investors they're, claiming that trump and him spoke in march, decided whatever they decided then, and they didn't tell investors up until lately. Now the problem with that would be that in the spec, the whole idea is that investors basically say hey their money manager.
Here's some money for you. In fact, in this case there was 300 million dollars. Go find us a good target that you believe in now that money manager is basically signing a contract, basically saying he has no idea what this company will be and then he will find it in the future based on criteria that he will be examining and if He knew in advance where he's going to put his money, it's kind of a rigged competition and it basically goes against the whole idea of a spec. Now it's a major compliance issue if it happened, but here lies the problem and i'll explain a second. Why, as i mentioned before, the new york times have not had a good history with donald trump and this actually might end up saving the donald's initiative. Because if you look back in past, donald trump does not have a good record of disrupting existing industries. He tried to do it with trump airlines, of course, came out with a splash went under within a few years. He tried to do it with the usfl for you old users.
Like me, the usfl, the united states, football league was supposed to disrupt the nfl and again that got exploded out of the stratosphere and then like a flash in a pan, completely went away in a few years. Donald trump does not have a good track record with, following, through he's, really good at creating the initial hype, creating the excitement getting people on board, but as far as you know, going forward with it, he doesn't really follow through at least from the past. You know track record that he has in different industries where he came out and tried to disrupt and right now, i'm going to tell you what i think will happen next. So, first of all, if this is true, i think there's going to be some lawsuits, but that's it nothing beyond that.
I think certain investors will sue, especially investors, that lost some money. They'll say: well, we didn't know, we should have known it's a material aspect of the investment that we should have been made aware of. We didn't so anybody who lost money on this pack is going to basically sue and i think they're gon na pay a lot of money and with that being said, the whole idea of donald trump trying to upset and disrupt another industry doesn't seem like a good Prospect to me from a business standpoint, i don't say anything political here, but then again what just happened with the new york times might have actually been the best thing that could have happened to the donald trump social media network. The new york times is going again at trump, and i think it's going to create a lot of good pr for donald his social media platform because think about it.
This way, nothing in this article is really damning in the sense that he didn't steal money. He didn't defraud anybody, he didn't lie. He was just being donald, that's just donald trump being donald trump trying out early. You know really cutting corners on the rules getting done fast.
I mean, if anything his supporters are going to admire him for doing this and get mobilized from this article. I don't know if you guys remember, but in the 80s there was a show that came out was complete failure called married with children. Until one woman wrote a letter complaining about how unethical the show is, how unmoral the show is, which got everybody excited became one of the greatest hits of the late 80s and the early 90s. I think even beyond that, so this kind of negative pr against donald trump, as it was proven in the past, might actually revitalize this whole idea and send this whole donald trump social media platform up into the stratosphere. Who knows, let me know below what your thoughts are. I'd love to hear your ideas. Thank you for the channel members. Thank you for the patreon i'll, see you guys tomorrow.
So who cares if they broke the law? Fine them 2 million dollars and force them to hire some politician’s worthless son or daughter, or some lazy slug leaving the SEC. They do this with the short sellers in certain meme stocks. So unless the penalties are as serious for big wheels as the little guy, nobody cares!
Trump media will never flourish because it will not embrace free speech principles but instead try to muzzle anyone who criticizes it
More BS fake news like the last 4 years. The TDS Lunatic Left will stop at nothing to try and keep him from running in 2024. Let's go Brandon!!!!
Multi billionaire, president of the United States, and not a good track record of following through? Oh, I forgot to mention the top rated tv show The Apprentice.
So what I got out of this video is no one has done anything wrong and you made this video to create fud?
Anyone who has lost money on this spac is gonna sue – Tom Nash
The spac opened at $10 and is sitting at $68 with a high of $175
Jesus christ what planet are you on tom?
This is one of your worst lol.
I'd invest in a Chinese ponsai, run by Putin, endorsed by a police Union before I invested in anything remotely connected to a T-rump!💩🤡
“May have” they say about everything trump has ever done. It started when he announced his run. Remember “may have” about Russia for three years ? Turned out they fabricated it
Donald Trump is just a populist smokescreen behind which the real puppet masters of the Republican Party van execute their plans to increase and solidify their power over the country.
Tom to say “ The Old Gray Lady” New York Times does not like Trump is and understatement! They goes so far as flat out lying and getting caught over and over again. When Senator Cotton did an OP ED about something That recognized Trump for something good he did some employees of NYT went Ballistic. Some one ended up losing their job over it. So a word of Cation is don’t Quote the NYT or you may get splashed with Yellow…….
DWAC went from $10 to $170, currently at $67. Find me an early investor who is suing because they lost money. LOL
The GOPQ cult has sold their souls to the devil. Don't believe the GOP lies.They will lie, cheat, steal or make up any conspiracy theory to hurt their opponents and the country. Grifters and con men spreading half truths and misinformation. They are all in it for the money. Gullible people believe the lies and send them money. What a bunch of scammers. People are dying and all they think about is political advantage.
Don is a con man, a bully, a racist, a person that does not care about anyone but himself.
Selfish, self centered, greedy and corrupt.
The GOP cult will do anything to hold on to power and influence.
They have sold their souls. Lie, cheat, steal, they think everything is OK to hold on to power.
They will say or do anything to take down and discredit any opponent.
Faux Noise has done much damage to the country and the world by spreading disinformation.
He was trying to monetize his loss and fleece his supporters to fill his pockets before he left office.
The con man keeps the con going and the gullible or naive send him money.
Trump has tens of building in NYC, which few of them are Ultra fancy sky scrapers! So, Tom, his primary business is ultra successful and all side businesses is about the fame! Truth social is his primary business right now!
I think it’s free publicity like always with Trump…don’t forget that’s how he got to be president
Trump has been a crook his whole life. The presidency just shined the light on him. Now it is due time for him to pay for his crimes.
If you are referencing NYT, whcih BTW all lies, I'm unsubscribing the channel and leaving.
I am not absolutely sure, though I believe I heard Mark Zuckerberg bought New York Times: If this is the case, this would explain this situation.
Trump is the worst President the USA has ever had. He couldn't open his mouth without lying.
I think you nailed it on the head especially with Donald's core base of people and the investors that miss the market from his presidency. Then Donald doesn't like to fail so I see him spinning this to his favor and he already lined himself up from shielding this social media app from any disruption from pending financial issues with other businesses he owns which is good to know
Was interested in this video based on the title and that it’s Tom Nash…then heard “according to the New York Times…”. I laughed and then understood it’s all politics and nothing more.
Fred's legacy, perpetual blind self-interest, short attention span and flimflam/demagoguery are Trump's strong suite. The world continues to get slammed on its head by demagogues.
Hey Tom, I enjoy your informative isights; but you left something out on DT's history of not being able to disrupt industies: Airlines – yup, Footbal – yup, POTUS & MAGA movement – may need to re-evaluate. You may also want to consider the context & timing of the this social media move; along with the source (NYT). I think the time may be right – but just the opinion of "another mad man" 🙂 THANK AGAIN for Your GREAT Insights! Felipe
A humble advice, avoid anything that trump touches. Has always been a fraud, why would it be different now. The guy has no morals or principles period.
Tom since you are good with numbers what is Donald Trumps real networth? How much in reality is liquid?
Solid and to the point video. Didn't realize that regarding Married with Children. Squeaky wheel gets the grease one way or another.