$30 Million GONE | Trump's Stock Raided [DWAC / DJT Stock] Trump Media Group.

hey everyone me Kevin here well truth

social is officially merged with dwac

that is the Trump Media Group has merged

with the stock dwac dwac it was a blank

check company now it's no longer a blank

check company now it's the Trump Media

Group which together is taking truth

social public and it is now public in

fact the stock itself today is up over

45% absolutely wild a lot of uh a lot of

technical signals that are showing up on

Weeble this is the platform I like to

use to trade I always send my Buy sell

alerts to all my course members and my

stocks and psychro and a question that

keeps coming up is hey what are the

fundamentals of this company are there

any other than momentum buying well

let's find out the very first thing that

you have to know is in the last annual

report that was filed uh and keep in

mind this is as of December 31st

2022 it indicates here the company will

not generate any operating revenues

until after the completion of its

business

combination well that business

combination just happened in fact today

is the day of its business combination

and so now the question is is it time

for Donald Trump to start offloading

shares and making a lot of lot of money

off the business that he just took

public well that depends first what I

like to do is jump on over to the cash

flow statement and this cash flow

statement shows you that at the end of

2022 the company lost over

$5.6

million as a net loss now something that

I think is very interesting here is you

have $10 million in the year 2022 of

quote legal investigations costs but

there's no definition of what legal

investigations costs are in the 2022

report so I wanted to get the latest

financial data I could and what I get is

the quarterly report ending September

over here we again have in the three

months so just in one quarter we have a

legal investigations cost of

11.5

million and for the N9 months ended

going uh through September for 2023 we

have 20.6 million of legal

investigations costs I can't help but

think that some of this dwac company is

basically paying a good chunk of Donald

Trump's legal expenses for him I don't

understand why a company with no income

and a blank check company would

otherwise spend $20.6 million in legal

fees in 9 months ending September 30th

2023 11.5 million in just one quarter

followed by the $10 million they spend

in legal expenses in 2022 and of course

the company still isn't making any money

now the lockup period is somewhere

between 170 days after today and 180

days after today you could read this

section here but the point is it's

somewhere between well 5 and a half to

about 6 months out when Donald Trump can

actually start selling his shares but it

doesn't actually look like he needs to

sell a shares to start using it as a

piggy bank for his legal fund as we've

seen we've already got in just the 9

months of 2023 and 12 months of 22 that

we've seen over $30 million of legal

expense costs that are not defined in

the disclosures from what I could see

okay fine so what's talk now well there

is talk now that Donald Trump might try

to request the opportunity to sell some

shares from this ownership sooner rather

than later that way Donald Trump could

end up making

money to pay his bond so that way he

wouldn't have to use cash that's

potentially being reserved for

operations over at the Trump

organization or his campaign and instead

basically socializes the expense of his

bond payment by selling shares of the

Trump uh of ticker now djt that's the

current ticker djt selling shares at a

profit here and then using those profits

to pay for his bond that's an option as

well but those legal expenses really

really interesting and something a lot

of people have been paying attention to

as basically the piggy bank for Donald

Trump's attorneys so this particular

ticker symbol djt my predictions well in

the next 180 days anything can happen

but when Donald Trump starts selling

these shares I think the stock market

whether it's because of trump selling or

not is going to start dumping this stock

very very quickly it could go up from

there if the company starts generating

revenues the legal expenses go down and

actually starts operating like a company

rather than a piggy bank for Donald

Trump's legal fund then could do very

very well I'm watching the stock uh on a

uh day trade movement right now I always

send alerts to everybody in my stocks

and psychology of money group I see it

on the uh 100 minute Candlestick uh

right now that's my 100 minute uh moving

average generally don't like the trade

on minutes though I like to use the

5minute candles kind of see what's

happening we've kind of been in between

these ranges here and we're getting

rejected Ed right now at about

7426 we'll see what happens on the day

trade as always I send all my alerts to

everybody in the stocks and psychology

of money group if you have an opinion of

what these legal transaction expense

costs could be which again have amounted

to uh a substantial amount of money

nearly $20

million leave me a comment down below

let me know what you think this Trump

Media Group is spending money on we can

only guess thanks so much and we'll see

you in the next one goodbye advertise

these things that you told us here I

feel like nobody else knows about this

we'll we'll try a little advertising and

see how it goes congratulations man you

have done so much people love you people

look up to you Kevin paffrath there

financial analyst and YouTuber meet

Kevin always great to get your

take even though I'm a licensed

financial adviser licensed real estate

broker and becoming a stock broker this

video is not personalized advice for you

it is not tax legal or otherwise

personalized advice tailored to you this

video provides generalized perspective

information and commentary any third

party content I show shall not be deemed

endorsed by me this video is not and

shall never be deemed reasonably

sufficient information for the purposes

of evaluating a security or investment

decision any links or promoted products

are either paid affiliations or products

or Services we may benefit from I also

personally operate an actively managed

ETF I may personally hold or otherwise

hold long or short positions in various

Securities potentially including those

mentioned in this video however I have

no relationship to any issuer other than

house act nor am I presently acting as a

market maker make sure if you're

considering investing in house Haack to

always read the PPM at house.com