Donald Trump Issues Warning After Stock Halted

[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