Trump begs MAGA supporters for help with $464M fraud bond: ‘Keep your filthy hands off Trump Tower!’

Wow.

Don seems really, really desperate here.

A solicitation was sent out, asking people to help save the "iconic" Trump Tower, of which Trump owns a portion.

Apparently, Don is not worth the $10,000,000,000 he once claimed, now struggling to come up with assets for his bond.

But fear not, gentle reader, you could just pay it for him!

No indication if this donation goes to anything other than his campaign.

https://nypost.com/2024/03/21/us-ne...a-supporters-to-help-him-pay-464m-fraud-bond/

Former President Donald Trump issued a frantic plea for financial support to MAGA voters Wednesday as his deadline to pay his $454 million bond in the New York civil fraud case looms.

“KEEP YOUR FILTHY HANDS OFF OF TRUMP TOWER!,” reads a message to Trump’s supporters from a joint fundraising committee that allocates the money to his campaign and a separate political committee that has been paying his legal bills.

The civil fraud case brought by New York state Attorney General Letitia James in 2022 is one of several legal battles Trump faces ahead of the upcoming presidential election.

The message urged supporters to donate in amounts ranging from $20.24 to $3,300 or more.

 

There aren't enough PT Barnum Pigeons in the World to donate anywhere near that amount.
1/2 of 1% would be a miracle...

 

If everyone that voted for Trump would donate $7, he can keep his precious, gaudy tower.

 

It's not about raising the full bond or even a partial. He's simply going to "suck them dry" before they die (many are boomers) and he looses in November. His "current" lifestyle depends on it PERIOD. I predicate this on him knowing that it's 95% unlikely that he will ever see the inside of a prison and will run if that even becomes a possibility and a pardon does not become one. The world has many criminal presidents living in exile some where else.

 

Let's also consider the use of the term "filthy hands" here, as it pertains to a woman of color.

Trump lost the case....bigly. It has nothing to do with the race of the prosecutor.

I think his choice of that sort of rhetoric was used to appeal to the purse-strings of the racists within MAGA. A bit of a redundant expression, but there does seem to be a tinge of ugliness to the term used in the solicitation.

 

Come on Trump supporters, if eveyone gives $500, he needs only a million donors to come up with the money. It's for a good cause, our democracy depends on it. Plus, you'll get $20 a month back when Trump gets elected and pushes through his next tax cut. On the other hand, guys like Bezos will make millions from the tax cut. It's fair, isn't it?

 

But that was last time - not nearly as many would vote for him this time…….oh! You are including the Saudis and the Russians in that calculation aren’t you

 

Lols! Latest trending meme and selling like hot cakes

 

Don't worry he's about to become $3,000,0000,000 richer in the next few days.

Since yall seem so concerned he might not be able to post bond, I thought that might alleviate some of your worries lol

 

Why can't Trump immediately sell his stake in Trump Media?
That's due to a lock-up provision for major shareholders, according to a DWAC regulatory filing.

Lock-up provisions are a common restriction on Wall Street designed to keep big investors from dumping their shares in a company soon after the company goes public. If they were to occur, such large stock sales could cause a company's shares to tank.

Trump likely won't be able to use the stock to get a loan, either. That's because the DWAC regulatory filing states that founding investors can't sell, lend, donate or encumber their shares for six months after the deal closes.

Legal experts say "encumber" is a powerful word that could prevent Trump from using the stock as collateral to raise cash before six months have elapsed.

https://www.cbsnews.com/news/trump-media-dwac-merger-vote-3-5-billion-lock-up-cbs-news-explains/

There's a difference between paper gains and liquid assets.

 

And, that "$3,000,000,000 Richer" is ALL CASH?
Great...
Please post the link....
$3 Billion in CASH (in "the next few days")?
Cool...Then, he should easily make the CASH Bond...
Anyway, I (and many others here) hadn't heard about this $3 Billion...
So, please post a link to that assertion...
$3 Billion (in accessible CASH) in a few days?
Problem solved for Trump....
So? Why is he begging for donations?

 

EXACTLY!
Which is why any claim such as "Trump is about to become $3 Billion richer" is misguided...In terms of making the CASH Bond...

 

It doesn't need to be. It's just another source of income that makes him able to pay back what he borrows.

For instance if someone (let's just use someone super famous) say Elon Musk was approached by Trump to lend him $450M, if he knows he's about to be $3,000,000,000 richer, it makes it much easier to make him the loan. Obviously wouldn't be musk, but just using him as an example.

Furthermore it makes it easier for Trump to pledge other property for collateral. Because he knows in 150 days he can easily pay it back.

https://www.cnn.com/2024/03/22/business/trump-truth-social-dwac-shares/index.html

 

Read above

 

No one with a half billion dollars is going to make an unsecured loan to Trump. And lending against other already mortgaged property is still unsecured to the extent that it is close to being underwater. Further, there may be loan covenants on the other property that restrict Trump's ability to further encumber the property if the LTV is higher than some percentage.

It's interesting that the lockup on the stock is expiring in the middle of the campaign. The price may be highly volatile, depending on how things are going.

 

Doesn't matter. He owns enough and the stock is worth enough even if it falls by 3/4 it's enough for him to cover his loan.

Insofar as his properties, he could pledge Mar-a-lago by itself and secure enough or close enough. He won't even do that though because he has more than enough property elsewhere to pledge.

 

Oh, is he? Next Round of Trump vodka? Or Trump Ties?

 

Oh and btw I think it's a bit optimistic that the value will fall by that point. Trump is in the middle of a campaign and election season which means that attention and focus on politics is only going to increase between now and November. Which by any measure should translate to more people using his site. Moreover he's spanking Biden in every swing state except for one. So the higher that climbs and the better he does in the polls, the more people will go to his site.

 

Mar-a-Lago has deed restrictions that specify that it can only be used as a club. That significantly impairs its value.

He's actually in violation of the deed restriction by living there.