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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1448975)3/26/2024 1:54:58 PM
From: Wharf Rat2 Recommendations

Recommended By
Eric
rdkflorida2

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Why is Truth Social trading at 100 times its actual value? – Kevin Drum (jabberwocking.com)

...After the merger DWAC will have 188 million shares of stock outstanding. This means the cash is worth $1.60 per share and Truth Social is worth about $0.53 per share, for a total share value of $2.13. And yet the stock is currently trading at nearly $50 per share:

Question: Since the value of the cash is $1.60 per share no matter what, this means that Truth Social is being effectively valued at $49.95 - $1.60 = $48.35 per share. This is nearly 100 times its maximum plausible value. Why?

Once you figure that out, you know who's being scammed in this deal. The answer is: anyone who buys stock in DWAC.

UPDATE: After DWAC stock began trading on Tuesday morning under the DJT ticker symbol, the price soared above $70. In other words, Truth Social is now trading at an implicit value of 131 times its maximum plausible value.
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