Trump Claims He Has '$500 Million' Cash For His Bond #TYT

TYT Clip of the Day - Hour 1
22 Mar 202420:46

Summary

TLDRFormer President Donald Trump claims to have almost $500 million in cash, contradicting his lawyers' statements about his inability to post a $464 million bond in a civil fraud case brought by New York Attorney General Letitia James. Trump's assets are at risk of seizure if he fails to post the bond by Monday. Additionally, Trump's company, Trump Media, is set to go public following a merger with a blank check company, potentially valuing his stake at over $3 billion. However, this valuation is considered highly speculative and may not directly aid in meeting the bond requirement.

Takeaways

  • πŸ’Ό Former President Donald Trump claims to have almost $500 million in cash, contradicting his lawyers' statements about his inability to post a bond.
  • πŸ“œ Trump faces a $464 million judgment in a civil fraud case brought by New York Attorney General Leticia James and has until Monday to post the bond.
  • 🏦 If Trump fails to post the bond, James can begin the process of seizing his assets, with reports suggesting she has already initiated steps towards this.
  • πŸ—£οΈ Trump alleges that the judgment and the 'politically motivated' case are an attempt to damage him and prevent him from funding his presidential campaign.
  • πŸ“‰ Despite Trump's claims of wealth, there are doubts about his liquidity and the ability to access significant cash quickly.
  • πŸ”„ Trump's company, Trump Media, is set to go public following a merger with a blank check company, which could increase his wealth significantly.
  • πŸ”’ However, Trump's stake in the public company will be tied up for most of the year due to a lockup agreement, preventing immediate monetization.
  • πŸ€” Observers question the disparity between Trump's public claims of wealth and the legal and financial struggles he faces.
  • 🌐 The host of the transcript discusses the potential political implications of seizing Trump's assets and the impact on his potential 2024 campaign.
  • πŸ“ˆ Trump Media's valuation is criticized as overinflated, with skepticism about its long-term viability and profitability.
  • πŸ”„ The discussion highlights the complex interplay between politics, finance, and legal battles in the context of Trump's business dealings and legal challenges.

Q & A

  • What is the amount of the judgment against Donald Trump in the civil fraud case?

    -The judgment against Donald Trump in the civil fraud case is $464 million.

  • What is the deadline for Trump to post the bond in relation to the $464 million judgment?

    -Trump has until Monday to post the bond before the New York attorney general, Leticia James, can start seizing his assets.

  • How much cash does Trump claim to have according to his post on Truth Social?

    -Trump claimed to have almost $500 million in cash through work, talent, and luck.

  • What is Trump's intended use for the substantial amount of cash he claims to have?

    -Trump intended to use the substantial amount of cash for his campaign for president.

  • What is the criticism Trump has against the judge in the civil fraud case?

    -Trump criticized the judge as a 'political hack' and accused the 'rigged and corrupt AG' case of being a setup where he claims to have done nothing wrong.

  • What is the potential impact of the judgment on Trump's political campaign?

    -The judgment, if not paid or bonded, could lead to the seizure of Trump's assets, which may affect his political campaign and his ability to use his cash for the campaign.

  • What is the status of Trump Media in relation to going public?

    -Trump Media is set to go public after shareholders voted to approve its merger with a blank check company. Trump will own a dominant stake in the public company, with shares worth more than three billion at current market prices.

  • Why might Trump not be able to monetize his stake in the public company immediately?

    -Trump's stake will be tied up for much of the year under a lockup agreement, which is a normal arrangement to ensure that insiders don't sell off their shares as soon as the company goes public and potentially push down the stock price.

  • What is the argument against seizing Trump's properties as a form of collateral?

    -Seizing Trump's properties could create a 'greatest victimhood' narrative for Trump in the 2024 election, potentially helping him gain more support.

  • What is the concern regarding the valuation of Trump Media and its potential impact on investors?

    -The concern is that Trump Media is highly overvalued, with its stock valued at $6 billion despite having minimal revenue and significant losses. This could lead to investors losing money if the stock price collapses after an initial surge.

  • What is the role of Jeffrey Yass in the Trump Media deal and his political contributions?

    -Jeffrey Yass, a GOP mega donor and co-founder of Susquehanna International Group LLP, is involved in the merger with Trump Media. He has also been active in political contributions, including efforts to influence the outcome of different elections.

Outlines

00:00

πŸ’° Trump's Claim of Having $500 Million

Former President Donald Trump claimed to have almost $500 million in cash, contradicting his lawyers' statements about his inability to post a $464 million bond in the civil fraud case brought by New York Attorney General Leticia James. Trump accused the judge and James of political bias and likened the situation to communism in America. He also mentioned his intention to use a substantial part of the funds for his presidential campaign.

05:03

πŸ›οΈ Legal and Financial Implications for Trump

Discussing the potential legal actions against Trump if he fails to post the bond by Monday, the speakers suggest that placing liens on his properties could be a fair alternative to seizing them immediately. They also debate the potential political fallout from such actions, with one arguing that it could create a victim narrative that could boost Trump's popularity in the 2024 election. The conversation also touches on the valuation and potential failure of Trump Media.

10:05

πŸ“‰ Trump Media's Overvalued Stock and Financial Predictions

The speakers express skepticism about the overvalued stock of Trump Media, which is projected to be worth $6 billion despite having minimal revenue and significant losses. They predict that the stock will eventually crash, leaving investors with losses, and question the involvement of GOP donor Jeffrey Yass in the deal. The discussion also includes the potential impact of the Trump Media deal on the political landscape and the need to reduce the influence of big money in politics.

15:05

πŸ€” Doubts on Trump's Financial Claims and the Future of Trump Media

The speakers doubt Trump's claim of having $500 million, considering his past financial statements and the legal troubles he faces. They also question the viability of Trump Media, predicting that it will not survive or turn a profit. The conversation includes speculation on the motivations behind the Trump Media deal and the potential for financial exploitation of Trump's supporters.

20:05

πŸ‘‹ Closing Remarks and Call to Action

The speakers conclude their discussion with a call to action for viewers to support the show through YouTube memberships, highlighting the benefits of membership such as live chat, emojis, badges, and access to exclusive content. They thank the viewers for their support and encourage them to join the community for enhanced interaction and content access.

Mindmap

Keywords

πŸ’‘Donald Trump

Donald Trump is the former President of the United States and a central figure in the video. The discussion revolves around his financial situation, legal battles, and claims about his wealth. His statements on Truth Social and his lawyers' claims in court filings are highlighted, showing a discrepancy in his ability to post a bond in a civil fraud case.

πŸ’‘Civil Fraud Case

A civil fraud case is a legal dispute involving allegations of fraudulent conduct, distinct from criminal fraud, which involves violations of criminal law. In the context of the video, this refers to the case brought by New York Attorney General Leticia James against Donald Trump, where he is accused of fraudulent practices and is facing a $464 million judgment.

πŸ’‘Bond

In a legal context, a bond is a financial guarantee that ensures a person or entity will fulfill their obligations under the law. In this case, it refers to the financial security that Donald Trump is required to post in response to the $464 million judgment against him in the civil fraud case.

πŸ’‘New York Attorney General Leticia James

Leticia James is the current Attorney General of New York, who has brought a civil fraud case against Donald Trump. She is responsible for enforcing laws and regulations in New York State and is seeking a $464 million judgment against Trump for alleged fraudulent practices.

πŸ’‘Truth Social

Truth Social is a social media platform launched by Donald Trump's company, Trump Media & Technology Group (TMTG). It is presented as an alternative to mainstream social media platforms and is part of Trump's ongoing media endeavors.

πŸ’‘Trump Media & Technology Group (TMTG)

Trump Media & Technology Group (TMTG) is a company founded by Donald Trump, which includes Truth Social as one of its major initiatives. The company aims to create a media ecosystem that caters to Trump's supporter base and offers an alternative to traditional media and social platforms.

πŸ’‘Lockup Agreement

A lockup agreement is a contractual arrangement in which shareholders agree not to sell their shares for a specified period after a company goes public. This is done to stabilize the stock price and prevent insider selling that could negatively impact investor confidence.

πŸ’‘Political Campaign

A political campaign is an organized effort to promote a political candidate or policy. In the context of the video, it refers to Donald Trump's intention to use a substantial amount of his claimed cash reserves for his campaign for the presidency.

πŸ’‘Asset Seizure

Asset seizure is the process by which a court or other legal authority takes possession of property to satisfy a debt or obligation. In this video, it relates to the potential action by New York Attorney General Leticia James to seize Donald Trump's assets if he fails to post the bond in the civil fraud case.

πŸ’‘Public Company

A public company is a corporation whose securities, such as stocks, are traded on a stock exchange and are available for purchase by the general public. In the video, it refers to the result of the merger between Trump Media & Technology Group and a blank check company, making Trump's media venture a publicly traded entity.

πŸ’‘Overvaluation

Overvaluation is when an asset, such as a stock, is priced higher than its actual worth or intrinsic value. In the context of the video, it refers to the perceived inflated value of the stock associated with Trump Media & Technology Group following the merger with a blank check company.

Highlights

Former President Donald Trump claims to have almost enough money to post bond in the $464 million civil fraud case.

Trump has until Monday to post the bond before New York attorney general Leticia James can start seizing his assets.

Trump's Truth Social post states he has almost $500 million in cash, contradicting his lawyers' claims of inability to secure a bond.

Trump accuses the judge and attorney general of political bias and likens the case to communism in America.

Despite previous claims of having over $400 million in cash, Trump's lawyers said in court filings that he could not secure a bond.

Trump Media's merger with a blank check company suggests a valuation of over $3 billion for Trump's stake.

Trump's stake in the public company is subject to a lockup agreement, preventing immediate monetization.

The New York attorney general's office has filed judgments in Westchester County, indicating preparations to seize Trump's golf course and estate.

Legal experts suggest placing liens on Trump's properties as a fair and politically astute strategy rather than immediate seizure.

Trump's opposition criticizes the potential seizure as creating a victimhood narrative that could boost his 2024 election campaign.

Trump Media's valuation is questioned, with the company's True Social platform showing significant losses despite high value.

The stock market valuation of Trump Media is considered overvalued, with comparisons to a 'greater fool' investment strategy.

The merger partner's co-founder, Jeffrey Yass, is noted for his political donations and influence in Democratic primaries.

The potential downfall of Trump Media is linked to the company's financial losses and Trump's history of business bankruptcies.

Critics warn against the potential negative consequences of financial exploitation of Trump's base throughηΊͺ忡品 or stock purchases.

The discussion highlights the need to remove big money from politics, citing the influence of GOP donors in political outcomes.

The transcript provides insights into the legal and financial strategies surrounding Trump's civil case and media ventures.

The situation underscores the complexities of law, politics, and public perception in the context of high-profile figures like Trump.

Transcripts

00:00

former president Donald Trump said this

00:02

morning that he has almost enough money

00:03

to post bond undercutting his lawyers

00:06

claims that he would not be able to

00:08

comply with the

00:10

$464 million judgment against him in the

00:14

Civil fraud case brought by New York

00:16

attorney general Leticia James he has

00:18

until Monday to post the bond before

00:21

James can start seizing his assets and

00:23

apparently she's already on the move but

00:26

he wrote on Truth social early this

00:28

morning through Work Talent and luck I

00:32

currently have almost $500 million in

00:35

cash a substantial amount of which I

00:37

intended to use in my campaign for

00:39

president the often overturned political

00:42

hack judge on the rigged and corrupt AG

00:44

case where I have done nothing wrong

00:46

knew this wanted to take it from me and

00:49

that's where and why he came up with the

00:52

shocking number which coupled with his

00:53

crazy interest demand is approximately

00:56

$454 million that's all one sentence I

00:59

did not nothing wrong except win an

01:02

election in 2016 that I wasn't expected

01:04

to win did even better in 2020 and now

01:07

lead by a lot in 2024 this is communism

01:11

in America in another post he described

01:15

the Judgment as so unconstitutional and

01:18

said judge Arthur angeron came up with a

01:20

crazy out of thin air award in order to

01:23

damage me politically and not allow me

01:25

to use any of the large amount of cash I

01:27

have built up over the years through

01:30

hard work Insight Instinct and diligence

01:33

on my political campaign for president

01:36

his lawyers have previously said in

01:38

court in a court filing on Monday that

01:40

he was unable to secure a bond despite

01:42

the fact that at a deposition last year

01:45

Trump said he had substantially in

01:47

excess of 400 million in cash and he's

01:50

likely about to become much much richer

01:53

after it was announced today that his

01:55

company Trump media would be taken

01:57

public shareholders voted to approve

01:59

Trump media's merger with a blank check

02:02

company following years of legal and

02:04

Regulatory obstacles Trump will own a

02:07

dominant stake in a public company with

02:09

shares worth more than three billion at

02:12

current market prices but that doesn't

02:15

mean much with regard to the bond

02:17

because he won't be able to monetize his

02:19

stake right away Trump's stake will be

02:21

tied up for much of the Year under a

02:23

so-called lockup agreement a normal

02:26

arrangement for such deals to ensure

02:28

that insiders don't bail as soon as they

02:29

come goes public and push down the stock

02:33

price there's more to this story but I

02:35

want to bring you both in Jen what do

02:37

you make of this do you believe him when

02:39

you when he says he has the money for it

02:41

well I I hope it's true then this whole

02:44

thing solved as usual Donald Trump

02:47

punches himself in the face so I'm G

02:49

come back to that in a second I'm going

02:51

to come back to I have the answer for

02:52

how to solve all this so rest assured

02:55

everybody take a deep breath uh and then

02:57

my favorite part is the Trump media uh

03:00

asset that he's now theoretically has

03:02

over $3 billion I love that s okay so

03:05

one thing at a time a lot of mainstream

03:06

media don't give you honest news we do

03:08

you know why because of you paid

03:10

membership on YouTube makes all the

03:12

difference hit the join button below and

03:14

you become the hero that sustains Us

03:16

number one um you remember back in 2016

03:20

Donald Trump claimed that he had $10

03:22

billion then in

03:24

2021 uh he legally said that he has $4.5

03:29

billion

03:30

and so if he really has $4.5 billion you

03:33

might still have some difficulty getting

03:35

500 million in cash because a lot of

03:38

people have it locked up in stocks or or

03:41

uh real estate Etc that's harder to to

03:43

get out but if you have four and a half

03:45

billion you probably have a half a

03:46

million dollars in cash As Trump is

03:47

saying now but I'd like to make a couple

03:49

of notes about that number one if you

03:52

have it then why are we having this

03:54

conversation the law is you're supposed

03:56

to give it over and you just said you

03:58

have it he so dumb he just can't help

04:01

himself why would you say as you're

04:03

begging everyone and your lawyer said on

04:05

TV you might even be asking foreign

04:08

governments for the money you're at to

04:10

you have right-wing media begging

04:12

right-wing billionaires for the why

04:13

would you say you have it then you're in

04:15

court saying you don't have it and then

04:18

you publicly say that you do have it

04:21

it's Donald Trump's lack of intelligence

04:24

is immeasurable he's like negative IQ

04:27

they and why cuz he can't help himself

04:29

self he wants to his whole thing is

04:32

self- puffery I'm so rich I have so much

04:36

money and that's a stupid game he's been

04:38

playing this whole time can I ask you

04:40

guys if you guys are Die Hard Maga and

04:42

you think oh Jen Buu Trump's right about

04:44

everything he's such a demig god of

04:46

Truth and honesty wait a minute and he's

04:49

such an awesome businessman let's this

04:51

think this through because if Trump is

04:53

right and you guys are right that he

04:55

always tells the truth he had 10 billion

04:57

in

04:58

2016 4 and a half billion in 2021 how

05:03

did this awesome businessman lose five

05:06

and a half billion dollars in five

05:10

years come on guys anybody who doesn't

05:13

think Donald Trump is a hilarious liar

05:16

is so detached from reality they're

05:18

hopeless we just have to talk to the

05:20

sane people in this world to to get to

05:23

objective reality here of course he

05:24

doesn't have that kind of money and of

05:26

course he doesn't have the cash I don't

05:27

know what he's going to do here but I do

05:29

have what should happen and right now

05:31

this is pretty much in the process of

05:33

happening I think that have forcing him

05:36

to sell all the properties now is is too

05:39

Draconian I don't think it's the right

05:40

thing to do on the other hand I think

05:43

putting leans on the properties meaning

05:45

hey if you lose the appeal and you go

05:47

all the way through and you've lost the

05:48

case then at least we can Seize Your

05:51

properties then we have a legal right to

05:53

seize your properties then that's fair

05:55

because he's got to put up the

05:57

collateral so that we know he can pay

06:00

this but without bankrupting him now by

06:02

making him sell his proper I'm curious

06:04

what you guys think about that actually

06:06

let's talk about that and I'll save what

06:08

I think of trump media in a second

06:09

because that is also hilarious okay uh

06:13

but Trey what do what do you think about

06:15

uh his claims and and and what should

06:17

happen to him in that

06:19

case uh well first of all I just think

06:21

it's fun I I think all the time about

06:22

what it must be like to be one of Donald

06:24

Trump's lawyers you know what I mean cuz

06:25

presumably these people like do their

06:27

level best and try to be all you know

06:30

stick to the law and present these like

06:32

seemingly legitimate and legal reasons

06:33

why we can't comply with that request

06:35

then later that night Trump while on the

06:36

toilet gets on Truth social and it's

06:38

like just so everybody knows I can

06:39

totally comply with this request I'm

06:40

just not going to because the Trump or

06:42

because the judge is a hack and an idiot

06:44

and I just want to put that out there

06:45

and you know the lawy you're is got to

06:46

be sitting there like Jesus Christ like

06:48

it's got to be so plus you don't get

06:49

paid and could end up in jail yourself

06:51

so not an enviable job I think and also

06:55

I do I like this story because it does

06:57

cut right to the heart of his whole like

06:58

Persona he is like you know Scrooge

07:00

McDuck type rich person or wants

07:02

everybody to think he is like he's a

07:04

cartoon version of a rich man and that's

07:06

how he identifies and it's very

07:08

important to him so like something that

07:10

hits him in his wallet and makes him

07:11

appear to not have as much money as you

07:13

know he says he does I do enjoy I get a

07:15

lot of shod in Freud from that and uh

07:18

you know anything that leads to like

07:19

headlines about Trump being broke I'm

07:21

all for it I do kind of bristle at that

07:23

cuz I come from a long line of broke

07:25

people like I'm I'm from old no money

07:27

right and it's like he ain't he's not

07:28

broke like like I don't know when's the

07:30

last time you had to choose between new

07:32

tires and a fan belt or like you know

07:34

live off of raymen noodles excuse me

07:37

ramen noodles and Beany wayy is like

07:38

he's not broke he's rich people broke

07:40

which is different rich people when

07:41

they're broke they can keep playing golf

07:43

somehow I don't get I don't get how all

07:44

that works but but yeah I know it's got

07:47

to be tough for his ego which is why he

07:48

can't help but say no I I totally

07:50

because you know when he says he's like

07:52

I've got I'm the billion billionaire

07:54

that ever billion you can't admit to not

07:56

having half of only one billion you know

08:00

you have to pretend you have it but like

08:01

you guys said like if he did then what

08:04

where is it what's going why isn't he

08:06

you know coming forth why is he actually

08:08

producing it so no I don't think he has

08:10

it as far as what should happen you're a

08:12

far smarter man than me Jank so I'm just

08:14

going to defer to your expert that what

08:16

you what you call it Lanes yeah lanes

08:18

that sounds good I think we should do

08:19

that I'm with

08:21

you I don't agree that I'm smarter than

08:24

you but I hear what you're saying about

08:25

the legal options Jordan

08:28

yeah well you know we we talked about

08:31

the assets earlier and the deadline to

08:33

post his bond is on Monday which point

08:36

Leticia James can start claiming assets

08:39

according to CNN she is already on the

08:41

move the New York attorney general's

08:42

office has filed judgments in

08:44

Westchester County the first indication

08:46

that the state is preparing to try to

08:48

seize Donald Trump's golf course in

08:49

private estate estate north of Manhattan

08:52

known as Seven Springs that doesn't

08:54

necessarily mean that seizures of the

08:56

Westchester properties are imminent but

08:58

judgments are the ini step James needs

09:00

to Tak take if she plans to seize them

09:02

in the future judgment has already

09:04

entered in New York City where Trump's

09:06

properties including Trump Tower his

09:08

Penthouse at Trump Tower 40 Wall Street

09:10

his hotel of budding Central Park and

09:12

numerous apartment buildings are located

09:15

judgments have not been entered yet in

09:17

Florida where Mar Lago is located but

09:19

some including Republican pollster and

09:21

Trump critic Frank lunz think Leticia

09:23

James seizing his properties is a

09:26

terrible idea take a look if the New

09:28

York attorney general starts to take his

09:30

homes away starts to seize his assets

09:34

it's all going to be on camera pundants

09:36

are going to sit there and scream about

09:37

this this man cannot be elected you're

09:40

going to create the greatest victimhood

09:42

of 2024 and you're going to elect Donald

09:45

Trump if they take his stuff he's going

09:49

to say that this is proof that the

09:51

federal government and the establishment

09:54

in the swamp in Washington and all the

09:56

politicians across the country and the

09:58

attorneys generals and all of this that

10:01

this is a conspiracy to deny him the

10:04

presidency he's gonna go up in the polls

10:06

just like he went up every single time

10:09

they indicted him I don't understand I'm

10:11

almost speechless in how pathetic the

10:15

opposition to Trump has been and how

10:17

completely misguided and this is a

10:19

perfect example of it so Jen is is Frank

10:23

luns right

10:28

here

10:30

Republican poster they're probably the

10:31

top poster on their side in my lifetime

10:34

uh but he does not like Donald Trump and

10:36

does not want him to win uh so with that

10:38

caveat uh but uh look his I've been

10:43

stunned by how pathetic uh Trump's

10:45

opposition is all of this time I mean

10:48

they're so so bad at running against him

10:50

so bad at holding him accountable and

10:53

part of the reason for that I could

10:55

explain which is that the Democratic

10:57

Leadership has such an establishment

10:59

mindset that they cannot relate to the

11:01

average guy so they can't see what the

11:04

average guy was going to get mad about

11:06

and number one thing is they don't get

11:07

that the average guy is mad about them

11:09

right and so they keep going in the

11:11

wrong direction so okay but how does

11:13

that play into this well uh if you uh

11:17

put Lans on his properties as I'm

11:19

suggesting you're not actually taking

11:21

them and selling them now which has much

11:24

worse Optics but you have the ability to

11:28

sell them if he loses the appeal that is

11:31

both more fair and will have better

11:34

Optics but knowing you know how Democrat

11:38

establishment group thing is and Leticia

11:40

James is roughly part of that group

11:41

think and and she's being encouraged by

11:43

other pundits on cable news and other uh

11:46

politicians in the Democratic party they

11:48

kind of want that shot and fr that Trey

11:51

was talking about so they want to see

11:53

his houses taken away but then he's

11:55

going to get to say look at the

11:56

Communist taking my property I the case

11:58

isn't even over yet yeah I lost the

12:00

first round but I have appeals coming up

12:02

and that's going to resonate with people

12:04

and if you sell his properties now

12:06

they're going to be sold in a fire sale

12:08

so something that could have gotten $150

12:10

million maybe gets you know 85 million

12:12

well that money's gone then the differ

12:14

let's say it was round numbers could

12:16

have gone for 150 went for 100 that $50

12:18

million you the state can't recover

12:20

Trump can't recover it's gone so I think

12:23

it's a really bad idea to sell the

12:25

properties uh both politically and in

12:27

terms of uh po as well so regrettably I

12:31

think Lun is right and the Democrats

12:33

just can't see straight anything that

12:35

attacks Trump they think is good but

12:37

that's not necessarily the case you have

12:38

to actually be smarter about how the

12:40

politics of this plays out so I do want

12:42

to go back to the thing that I promised

12:43

about Trump media guys they say the

12:46

company now that it's going to it looks

12:47

like it's going to go forward and is

12:49

perfect that he made a deal with a blank

12:51

check company that's exactly the kind of

12:53

deal that Trump would want to make that

12:55

the company itself was going to be worth

12:56

six billion uh and that Trump owns 58%

13:00

of it that's why he's going to have over

13:02

$3 billion that is very unlikely but

13:05

there there is a narrow window where it

13:06

is possible so the stock is hilariously

13:11

overvalued I mean it is I've never seen

13:14

a stock more overvalued in my life this

13:17

thing's worth $6 billion it has one

13:18

asset right now true social do you know

13:21

what true social did in the third

13:22

quarter of this year or of last

13:26

year so that's a quarter of the year

13:29

they made $1.1

13:31

million in

13:33

revenue and that company's worth 6

13:36

billion hilarious hold on it gets way

13:38

worse that's Revenue how about profits I

13:40

mean if you made 1.1 million you you

13:42

probably don't have that many that much

13:44

profits right no way worse they lost $26

13:48

million in one quarter so he's on Pace

13:51

to lose you know over 80 million for the

13:53

year and that company's worth $6

13:58

billion

14:00

no no I want to explain to you guys and

14:02

especially if you're Mega if you're ever

14:04

going to listen to me on anything this

14:05

should be it it's a suckers play so they

14:09

want to introduce it publicly have all

14:11

of you guys buy the stock have it be

14:13

super overinflated and within six months

14:15

management and perhaps including Donald

14:17

Trump and the shareholders can start

14:19

selling their stock so they'll sell

14:21

their stock like crazy and it'll crater

14:24

it's not worth anything it's run by

14:27

Donald Trump one of the dumb people in

14:29

America he's gone bankrupt six different

14:32

times he's almost never succeeded in any

14:36

business he's ever run and it's already

14:37

losing about 80 million a year with no

14:40

hope of ever turning it around so he's

14:43

not he the only way he gets any of that

14:46

money is if they could just hold on for

14:48

six months while magga suckers buy the

14:51

stock and no one else then the rest of

14:53

the market will short the crap out of it

14:55

it'll collapse so quick and so

15:00

overwhelmingly okay I will this is the

15:02

type of thing that I would bet any money

15:04

on okay that the chance of that

15:06

company's survival and turning a profit

15:09

is zero it's not near zero it's zero so

15:13

let's see if I'm right or wrong we'll

15:14

see that's the beauty of all this guys

15:16

so Trump says he's got the half a

15:18

billion dollars well he has to put up

15:20

the bond on Monday so we'll find out