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Legal AF by MeidasTouch

Trump Stock GETS CLOBBERED by GUILTY VERDICT

Legal AF by MeidasTouch

Meidas Media Network

News, News Commentary

4.96.1K Ratings

🗓️ 3 June 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Wall Street can smell a fraud a mile away, and today institutional brokers and dealers hammered Donald Trump’s media company stock price stripping over $500 million away from its value, further depleting his fortune. Michael Popok using his experience as a former lead attorney for a Wall Street firm, breaks it all down for you. Americans United will keep fighting for freedom without favor - equality without exception. Keep up with this issue at https://au.org/legalaf Visit https://meidastouch.com for more! Join us on Patreon: https://patreon.com/legalaf Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all how we doing afternoon afternoon let's get this meeting meeting meeting

0:05.9

started when everyone's home when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.

0:18.0

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0:24.0

Search EE broadband, powered by BT.

0:26.7

Work mode with EE smartheart plus to verify the EE.

0:28.9

C EE. C EE dot-curdity case slash claims.

0:30.1

This is Michael Popoc, Legal A F.

0:32.1

Terrible day for Donald Trump yesterday, not just because he got convicted by a jury of 34 counts of felonies in New York,

0:40.0

but on the first trading day after that, the brokers and traders of Wall Street have spoken.

0:45.0

And they are selling Donald Trump short.

0:47.5

Literally, they have crushed the stock price for Trump media by 5.3% a huge drop meaning his on paper value or net worth in that

1:01.0

stock holding which has been his bailout, his personal bailout for his dwindling

1:06.3

fortunes dropped by about a half a billion dollars.

1:10.4

Now it's all on paper because Donald Trump can't sell his steak until September.

1:14.0

But I one thing I learned working on Wall Street for a large Wall Street firm

1:18.4

brokers and traders smell a fraud and smell a loser a mile away and we'll start trading in relation to that and now they're hammering the stock. I mean that stock generally wildly gyrates the price of it because there's no there there

1:36.2

there's no economics underneath it there's no reason you would ever invest any of your money

1:41.7

if I came up to you on the street and said, hey, I got a great new stock for you to buy. They'd say, tell me about the business. Oh, business is great. Listen to these numbers. It lost $340 million against $770,000 worth of revenue.

1:57.0

Nobody's going to say where do I sign up for that.

2:00.0

But that is Trump Media.

2:02.0

It has a dwindling user base, dwindling numbers in the low single digit millions of daily active users, which is almost nothing, and its revenue is down to $778,000 for a three month period against $338 million in loss.

...

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