Just heard that donnie is taking truth social public.
If having a pre-existing shell company buy the thing is actually "going public".
Heard that donnie could get three billion dollars.
Also heard that significant, but un-named shareholders of the shell company are somewhat restive over what they assert is significant dilution of the value of their shares of the shell.
No indication what that means or what might be the source of that dilution, however.
Could it be donnie the diluter?
When I heard that donnie was getting three billion dollars from the old shell game, my math muscles began to twitch.
I've heard that Tic Tok United States - if that entity ever comes into being - might go for sixty-five billion dollars.
Tik Toc US has 150,000,000 users and growing.
That's $433.33 per user.
As near as I can discover, truth social has five million users, if you count everything, on a good day, including accidental casual encounters with its web site.
If you just accept those two facts, truth social is worth $2.2 billion (which brings into question the validity of the very concept of the word "worth".)
That's $833,350,000 less than what donnie thinks is his share of the shell company acquisition.
Could that be the source of the restiveness of those un-named shareholders?
Are the shell company shellers being shellacked by donnie the shellacker?
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