Originally Posted by Rajoo (Post 428787)

This is truly a good inside look at Trump's business dealings where lawsuits are the norm. Simply astounding that the SEC ever allowed this merger to go through after having blocked it for a couple of years and only fining them a measly $18M for financial irregularities. Now the cat is out of the bag, stock is worthless and heavily shorted, and there will be no $4Billion payday for Trump without significant outside funding, aka money laundering. Note the IPO only raised $300M in new money with Trump owning potentially 75% of the shares which he cannot cash in for 6 months w/o board approval. If he gets it and starts selling, the stock will be worth pennies since in the past year, $50M+ losses, $4M revenues.