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BocaHoo91

Joined: 06/03/2005 Posts: 31002
Likes: 52320

What's this?

I’m just not getting this transaction at all.


DWAC currently has a market cap of $1.8 billion based on a $50 share price (37m shares outstanding). They have zero revenue so the entire value is predicated on merging with the holding company of truth social. So after the merger, there are going to be 137 million shares outstanding (of which Trump will own 80 million) and there’s no expectation that almost quadrupling the number of shares outstanding is going to hammer the stock price? What am I missing?



[Post edited by BocaHoo91 at 03/26/2024 07:11AM]

(In response to this post by Shenhoo)

Posted: 03/25/2024 at 10:58PM


+2

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