Categories
Uncategorized

TMTG posts “tips” on how to avoid lending shares to short sellers

Trump Media and Technology Group’s investor site FAQ page now includes a section on “How do I prevent my shares from being loaned for a short interest position? 🎯” in a plainly desperate attempt to stop $DJT’s bleeding, which is down 63 percent (even after a minor bounce) from its debut on the NASDAQ just over three weeks ago, per CNBC, who report that the “FAQ” was added Wednesday.

“Brokerage firms may facilitate short selling in DJT’s shares by lending DJT’s shareholders’ shares held in margin accounts. Through this practice, brokerage firms earn an alternative source of revenue by ‘lending’ shares to sophisticated and institutional investors who are betting that the price of the particular stock will decrease over a period of time. If the price of the stock in fact decreases, then the brokerage firm and the sophisticated and institutional investors will have made a profit, while the ultimate retail investor has not,” which is the whole goddamned point of shorting it, lol.

They even go through all the tips like moving shares to “Odyssey Transfer and Trust Company, the Company’s transfer agent,” which we’re sure is on the up and up and not connected to the Kremlin at all, or writing a form letter reading include a form letter to a brokerage reading, “Dear Sir or Madam: Please accept this written instruction to make sure that the following securities are held in my cash account only and accordingly are not available for any stock loan activities. I hereby expressly opt-out of any securities lending programs and instruct you to not loan out any of my shares. Securities: [Number] shares of Trump Media & Technology Group Corp (DJT) and any DJT shares subsequently acquired. Please confirm receipt and compliance with this request.”

Shot in the dark here: The vast majority of the shareholders are MAGA meme stock assholes with at most a few hundred bucks’ worth shares. Fanboys who didn’t use an actual brokerage and purchased their shares on a massive, monolithic platform like E*Trade or something that requires too many annoying steps to move their stock out of the interest-earning loanable buckets – even probably incentivizing them against it with small bonus credits to continue playing the market.

Or something like that. Whatever the real financial-world implications are of TMTG’s lame attempts at defeating shorting, CNBC seems to be implying that this FAQ isn’t something normal publicly traded companies do, as they don’t list any similar historical examples. They do however quote some Wall Street bro saying shorting $DJT is HOT right now, even with only 5 million out of 136 million shares available for the position. “What I’m hearing on the Street is that if [an amount] of stock becomes available, shorts are taking it down,” said S3 Partners’ Ihor Dusaniwsky.

Created by potrace 1.16, written by Peter Selinger 2001-2019

Montana Senator Steve Daines drops reelection bid

6 hours ago

Tony Gonzales admits affair

7 hours ago

Utah Congressman Burgess Owens self-waives from GOP roster

8 hours ago

Regime gives up prosecuting Biden and aides for “autopen”: NYT

9 hours ago

Thanks for the Nobel, Maria!

9 hours ago

House Oversight subpoenas Pam Bondi on Epstein investigation

10 hours ago

Prethident Trump partithipates in thome roundtable: Live video

10 hours ago

Spanish Foreign Minister says Karoline full of shit about cooperation

11 hours ago

“Let’s just hope something doesn’t go really wrong”

12 hours ago

Orange God Emperor brings the usual reality show bullshit again

12 hours ago

WATCH LIVE: Karoline’s War

13 hours ago

Republican New Jersey official insists she’s “the victim here” after reporter asks why she threatened to call ICE on landscapers

14 hours ago

Grown men reduced to hoping other grown man posts something

14 hours ago

Dog murderer sits down for another rough hearing: Live video

15 hours ago

ChiCom leadership acting like catty high school girls again

16 hours ago

House Ethics announces special subcommittee to probe Gonzales

16 hours ago

WATCH LIVE: Walz and Ellison take on Comer and his minions

17 hours ago

Sanctioned Russian LNG tanker explodes in Mediterranean

17 hours ago

National average gas price now higher than when Biden left office

17 hours ago

WATCH LIVE: Petey Pee Pants yells at reporters some more

18 hours ago

Embassy orders Americans in Qatar to stay away from windows

18 hours ago

“No problem blowing up the Iranians, but…”

19 hours ago

Comer amped to continue fighting the last war

19 hours ago

Kathy Hochul 51 – Bruce Blakeman 31 in New York: Siena poll

20 hours ago

There’s a war in Ecuador too, boo

1 day ago

Dan Crenshaw loses primary to challenger with two eyes

1 day ago

James Talarico wins Texas Dem Senate primary

1 day ago

Yay! Lara Trump’s backup wins effectively uncontested primary!

1 day ago

Militia cosplayer detained by cops outside Paxton watch party

1 day ago

Orange Fuhrer belatedly offers help to stranded Americans

1 day ago

“Big Tournament” spotted in the corporate marketing bullshit wild

1 day ago

Abolish ICE 50 – Don’t Abolish ICE 39: Economist/YouGov poll

1 day ago

Thune thinks there’ll be real effort to evacuate stranded citizens

1 day ago

Nutlick to testify on Epstein friendship

1 day ago

Degenerate old hustler now selling insurance plans on the side

1 day ago

Conservative lawman to speak at closet gay sex pest’s convention

1 day ago

Regime unlikely to start panicking on oil prices, until they panic: ING

1 day ago

Ohioan pays $6,000 in Home Depot cards to “remove child porn”

2 days ago

WATCH LIVE: German chancellor trapped with diseased corpse

2 days ago

Judge spikes regime’s bid to kill NYC congestion pricing

2 days ago

Single-day national average gas price spike highest since 2022

2 days ago

Karoline fact checks consensus

2 days ago

California Dem chair orders gov primary field to self-clear

2 days ago

“We basically had no drone defeat capability”

2 days ago

WATCH LIVE: Dog murderer faces Senate hearing

2 days ago

Ayatollah election interfered with

2 days ago

Texas Dem primary early voting turnout surges past GOP

2 days ago

Lazy quitter helps pre-set “Dems allowed Iranian terrorism” script

2 days ago

IDF claims to have targeted senior Iranian commander

2 days ago

Dow futures down over 800 points because Trump

2 days ago

x
x
x
x
x
x