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Comment Re:Had me (Score 1) 118

And the link to Tucson.com, mentioning the idea of the potential law, is dated Jan 15th 2024...

Still, dates can be faked, although I suspect this is just someone using a most likely dead-in-the-water idea to add a bit more credence to the gag. Look at the bill though; Title 41, Chapter 4.1, Section 41-860.0. That's either a huge clue, a huge coincidence, or someone in the Arizona State Legislate is wearing a huge grin today.

Comment Re:The BBC is funded through forced payments (Score 1) 79

They spend too much on 'stars' and sports and they've been hijacked by the Tory scum. It looks like the BBC Chairman got his job for getting Boris Johnson a loan. Vote Leave are as corrupt AF and aren't satisfied with destroying the economy and the NHS.

The new Labour Govt is coming in soon and need to fix this sh*t. I don't have high hopes.

Comment Re:The BBC is funded through forced payments (Score 0) 79

Zero ads. The Vote.Leave Govt scum have hijacked it and want to privatise it before they leave because it's truthful and thus opposes them.

The license fee limits Govt interfererence though it can't survive like this and the current license is increasingly stupid -- the BBC can't even sell its programmes overseas via iPlayer.

Comment Re:Owners get rich, everybody else pays them (Score 1) 229

Not necessarily. He's clearly dodging around some kind of issue with posting the NYC bond, other the quite reasonable not wanting to tie up cash or liquidate assets he probably won't be able to recover if he should prevail on appeal, because it doesn't all need to come from one place, or bond provider. He can use a combination of cash, stocks, and other assets, spread across multiple bond providers to get to the total. That almost certainly results in a higher total amount lost in fees, but it's better than nothing. The DWAC stock could be used as collateral, to be returned as stock if he prevails, and only used to make up a shortfall of anything else he can use - cash, stocks, assets, whatever, with other bond providers to get to the total.

Besides, DWAC is mostly financed by Trump backers and a lot of the stock will probably be sold to other true believers. Anyone else buying in at IPO is almost certainly hoping the price will immediately spike so they can quickly bail and make a truck load of cash while leaving someone else holding the bag, just like any other IPO. Given that, Trump could only hold one share, and the chances are still pretty reasonable that if he said "Jump!" most of the board and the stockholders are going to ask "How high?"

Comment Re:Owners get rich, everybody else pays them (Score 5, Insightful) 229

Of course it's a grift; many of the backers of DWAC are also quite vocal Trump supporters, and the prospective market for this IPO - and potential bagholders if/when it all goes south - is almost certainly the MAGA crowd, and especially Truth Social users. The over valuation is quite likely driven in part by that backing of Trump and in part that the hope that general population of the MAGA movement will somehow be tapped for a steady stream of actual cash, rather than the over-inflated paper value of the stock, and that's where the profit comes from even if the stock listing drops into the pinksheets before they can dump it. I guess you could also see this as a way to indirectly support his current political aspirations and even help with the mounting legal bills too.

Interesting point on the later bit. Apparently, DWAC shareholders cannot divest shares until at least six months after the IPO, unless there's an exemption. Trump will own more than half the stock and needs a lot of cash to appeal the NYC court ruling much sooner than that. There's a theory I saw that Trump can't use his properties as a bond for the appeal because the issuing insurer(s) would want an independant valuation, which would then be shared with the court - essentially not only confirming his guilt if he has indeed over-inflated their value, but by exactly how much. Cashing out a lot of his Truth Social stock ASAP would get him out of that problem, so watch this space on that exemption. If granted, that'll tell you all you need to know about how above board all this is, assuming the ticker isn't already enough for you.

Comment Re:Huang has a point (Score 1) 98

Suffering can go one or two ways. It can make people be sympathetic towards others in similar situations. But very often, it makes people shut out the world. The latter is obviously a departure from reality to some degree or other.

There are further distinctions from there. Sometimes, people turn super egotistical. Some try to maintain some sanity and others turn depressed.

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