Donald Trump Issues Warning After Stock Halted

[orangecrush]

Source: Newsweek

Former President Donald Trump said he may consider moving his media company's stock listing after it was briefly halted on the Nasdaq stock exchange.

In a post to Truth Social on Friday, the former president complained about shares of Trump Media & Technology Group, which uses the ticker DJT, being halted by Nasdaq, writing that it had occurred twice during the day.

"Why is NASDAQ halting the sale of DJT? What right do they have to do this?" read Trump's post, in part.

Read more: https://www.newsweek.com/donald-trump-issues-warning-after-stock-halted-1953811

---

"An exchange, broker, or the SEC can implement a stock halt. Trading halts can stem from multiple causes. Volatility and pending news are two of the most common reasons. Other causes include failure to document filings with the SEC, suspected fraud or market manipulation, and lack of funds to pay the clearinghouse."

https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/stock-halt/#:~:text=A%20stock%20halt%2C%20often%20referred,orders%20for%20a%20specific%20security.

[CousinIT]

1. . . .

[Think. Again.]

2. I wonder who he has planted in the SEC...

...and if they're still willing to aid and abet him.

[Iwasthere]

3. He's panicked that he won'tbe able to sell

Said repeatedly that he isn't selling, which means he absolutely100% plans to sell.

[orangecrush]

6. Sounds right

Something is shady, especially if he is complaining about them checking into it.

[VMA131Marine]

30. If he sells now, after publicly saying he won't

The SEC will go after him for illegally manipulating the price of his stock. Trump is so dumb he has no idea what he’s messing with when it comes to publicly traded companies. There are strict limits and requirements on things major shareholders can and also must say about their intentions to prevent them from influencing the value of their shares.

Stuff like this is why no publicly traded company would ever hire him as an executive.

[FakeNoose]

50. He'll find a way to unload it through a private sale

I wouldn't be surprised if he hasn't already quietly sold his stock to a buddy ... just waiting for the official date to announce the sale. Wouldn't it be just like him to do something like that?

Everyone else will be left holding the bag when the stock price goes down to ZERO.

[VMA131Marine]

56. Pretty sure you can't do a private sale on publicly traded stock

That’s just an invitation to manipulate the value outside of the free trading system.

[FakeNoose]

57. OK ...

He's got an army of lawyers and accountants, he'll find it. He probably already has found it but he can't let the MAGAs know.

[groundloop]

4. "SUSPECTED FRAUD OR MARKET MANIPULATION".... I think we have a winner.

[pat_k]

7. +1

[Eugene]

14. TFG just pumped the stock by promising not to cash out at his first opportunity.

The stock is swinging so wildly that NASDAQ would be negligent not to act.

[ZonkerHarris]

20. see post #18

[Smackdown2019]

31. Yeah

Early Christmas......

[Ocelot II]

5. Isn't that stock manipulation?

[BootinUp]

8. Margin called

?si=Wer9QL1wlNt_yojR

[COL Mustard]

32. I love that movie!

Eddie Murphy “Once you go with a man with no legs, you never go back “.

[PSPS]

38. One of the few movies that will be a classic forever!

[ToxMarz]

9. They give the reason trading was halted when they take action

No one has to speculate why.

https://www.newsweek.com/donald-trump-issues-warning-after-stock-halted-1953811

According to link:

"Why is NASDAQ halting the sale of DJT? What right do they have to do this?" read Trump's post, in part.

Earlier in the day, Trump said that he will not sell his shares of DJT despite the stock value dropping after his debate against Vice President Kamala Harris on Tuesday. The share price plummeted to its lowest level last week since going public in March, and had faced a steady decline for weeks.


"No, I'm not selling," Trump said while talking to reporters in California. "I'm not leaving. I love it. I think it's great."

Reuters reported that shares of DJT were halted by the Nasdaq for two five-minute periods after Trump's comments, which is common practice during times of "volatility." After Trump's statements, the company's stock price surged as much as 30 percent and closed out Friday with a 12 percent gain on the day, at $17.97 per share.

[Bernardo de La Paz]

19. Thanks. I had seen the spike and wondered what had caused it. . . . nt

[COL Mustard]

33. I'm sure he's structured so that

Whatever happens, he won’t lose any money.

[Shermann]

41. It does appear he made a good deal for himself there at TMTG

He didn't invest his own money and gets to be Chairman and receives larger stock bonuses than anybody else.

[slightlv]

42. Market Manipulation! He's lucky all they did was halt trading for a few minutes!

[RussBLib]

10. Pump and Dump

...classic stock manipulation. He says he won't sell, causing a spike upward for the stock, then come Monday, he dumps it.

[BumRushDaShow]

11. Some time between 2:30 pm - 3:30 pm ET yesterday (9/13/24)

CNN and CNBC sent out breaking banners about this stock and how it was "exploding" or "popping" after he apparently claimed he "wasn't going to sell".

So obviously that triggered something that was trying to get it off its $15/share price.

[RockRaven]

12. His lockout period ends on Sep 20, IIRC, and at that point he can sell.

And since he got 60% of the shares for essentially nothing it is all found money, whatever the stock price. But higher is better, so of course he wants to be able to pump and dump. Halts on trading due to high volatility gets in his way.

[moniss]

13. I'm pretty sure the Nasdaq isn't

going to be too harmed by losing the listing of a company bleeding money with little revenue. But also to show how little is rational about the market anymore there is the spectacle of people putting buying pressure on a company that for it's revenue is solely dependent on a convicted felon facing jail time. Let alone that the total revenue is miniscule compared to cost of operation. So people rush forward clamoring to see who can catch the hot falling knife. The whole thing looked like a way for people to launder money to him by way of an eventual stock sale. Someone might want to look at whether this is part of the pay-off for documents.

[LudwigPastorius]

15. Idiot "Businessman" Doesn't Know How Stock Exchanges Work

Fixed that article's title for you, Newsweek.

[Bernardo de La Paz]

21. He's deploying performative nonsense to keep his name (and stock) in the news. . . . nt

[C Moon]

16. F. All of the above.

[barbtries]

24. great minds think alike.

see my post below

[JoseBalow]

17. If he truly intends to keep his shares, he would welcome the halting

to protect the price from dropping.

Unless he intends to short it

He's just always, 100% of the time, full of shit. Anything he says, assume it's bullshit.

[rubbersole]

22. "Bullshit" is too nice.

'Criminal' is donnie's wheelhouse.

[Bengus81]

53. Yeah....wish I had the dough to SHORT that POS ticker when it got to $78 all those month ago

[ZonkerHarris]

18. IN CA on Thursday he said he isn't selling his shares and this I think is why....

I believe he has already leveraged his shares for cash loans.
So he is unable to sell his shares even if he wanted
That's what a lot of stock rich people do and Trump always tries to cash out his money from any of his businesses early

[thesquanderer]

34. re: "I believe he has already leveraged his shares for cash loans."

I don't believe he's allowed to do that yet, for the same reason he's not allowed to sell the stock yet.

[LauraInLA]

43. My husband says if he could find someone who would actually take the stock as collateral,

even before it can be sold, then he could have taken out loans already. But I don’t know who would have been that foolhardy.

[ZonkerHarris]

45. any bank that already does business with him.

[thesquanderer]

46. It's not just foolhardy, I believe it's illegal...

...for him to put his stock up as collateral prior to a certain date. It may also be illegal (for a legitimate lending institution) to accept it as collateral.

[LiberalFighter]

36. Hopefully there are some consequences included in those loans.

[barbtries]

23. so my guess is

all of the above.

[Marcuse]

25. Fraud? Manipulation? Lack of funds? Donald?

Other causes include failure to document filings with the SEC, suspected fraud or market manipulation, and lack of funds to pay the clearinghouse."

[orangecrush]

48. Say it ain't so

[intrepidity]

26. Move it to the penny stock sheets?

Don't worry Donald, it will eventually end up there anyway.

[Warpy]

27. Whole lotta true believers got hosed on that deal

and I imagine a lot of retirement nest eggs are a lot smaller this year than they were even last year.

Should they have known? Oh, yes. Unfortunately, belief isn't like that and the more fervent the belief, the more clouded reality is.

[FakeNoose]

51. It's the true believers who become Chump's best marks

... because they'll never take him to court. They'll never file charges against him.

That stock will be worth pennies in a little over a week. Chump will have squeezed everything out of his shares before anyone else finds out about it. He's probably made private deals already that won't be announced until the official sell date. He's a huckster, and that's what they do.

[Warpy]

55. So,e of them squandered their whole retirement nest egg on that man's fantasy

The irony here is that if Musk hadn't bought Xitter and unbanned TFG, Truth {sic| Social {sic} might have been moderately successful, a more geriatric friendly place than Rumble or Gab.

[pfitz59]

28. were the shares 'given' to Trump?

or did he actually invest his own money?

[COL Mustard]

35. Hahahahahahahaha.......

Boy, that was a good one! Trump invest his own money!?!?!? Hahahaha!!!!! 🤣🤣🤣🤣🤣🤣🤣

Seriously, I’m sure he has it structured so he doesn’t lose any money. His suckers and losers, erm…investors, well, that’s a different story.

[BlueWavePsych]

29. Trump's Promise Not to Sell His Truth Social Stock May Land Him in Financial and Legal Peril

Nevertheless, this week Trump may have set himself up for some more indictments related to his notoriously unscrupulous business operations. At a press avail staged at his Palos Verdes, California, golf resort, Trump was asked a question about the abysmal performance of his Trump Media and Technology Group (TMTG) stock that has lost more than three quarters of its value since its March debut on the NASDAQ stock exchange...

The problem with that is that, now, if Trump does sell, he could be in violation of Federal securities fraud laws governing stock manipulation and subject to up to 20 years in prison. It is illegal for company principals and major shareholders to mislead investors as to their future positions in a stock.

Driving the point home, Trump later repeated that "I'm not gonna sell my shares. I don't need money" Which makes it all the more curious that he is constantly begging his cult followers for more donations and trying to sell them garbage like Trump-branded sneakers and bibles. But more to the point, Trump has now made a declarative statement that he is not going to sell his shares of TMTG when the lock-up period expires in the next week or so.

https://www.dailykos.com/stories/2024/9/14/2270297/-Trump-s-Promise-Not-to-Sell-His-Truth-Social-Stock-May-Land-Him-in-Financial-and-Legal-Peril

[LiberalFighter]

37. I hope the media keep asking questions about his company

[captain queeg]

40. Is that bottom picture an altered shot of Mel's Hole in E WA?

It’s something I’ve read about and like many things the facts aren’t all known. But it appears to be a “bottomless” pit. It’s been measured down to 8,500 ft deep and still didn’t hit bottom.

[captain queeg]

39. I hope NY is right there when he dumps his stock to make sure they collect their $500 million.

I haven’t heard much about that lately. Are they adding interest as he stalls paying?

[Martin68]

44. Blah, blah, blah. Just a lot of Dump hot air, as usual. So. like, where is he going to move it, and will

it have any value left at all if he does? I doubt it.

[BadgerKid]

47. Iirc, the stock has to maintain $12 for so many days

For T to be able to unload. As such, he would stand to benefit from a pump.

[Miguelito Loveless]

49. That was the spike on Friday

On Friday:

https://www.marketwatch.com/investing/stock/djt?mod=search_symbol

[Brainfodder]

52. The dolt has a paper fetish?

Gonna take it to prison with ya R ya?

[nilram]

54. Take it to the pink sheets

It’ll get there soon anyway.