Jump to content

Trump Found Guilty in NY: Trump Org Ordered to Dissolve


tgo

Recommended Posts

1 minute ago, Starkiller said:

He’s not bankrupt though. He can sell or mortgage properties he owns to cover the total. Bankruptcy for him wouldn’t work out. 

 

Didn't say he was. I said it'd be the only way for him to try and delay paying. 

Link to post
Share on other sites

  • Replies 1.7k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

That's brilliant    

LOL   Trump was forced to shut down his foundation because he was stealing from it, He paid 25M in restitution to the students who attended Trump University because he was ripping them

Posted Images

7 minutes ago, Jamalisms said:

Appeal denied but he's allowed to seek a loan to cover the amount.

That's bullshit.  He should have to pay using his own assets like the rest of us would.

Link to post
Share on other sites

13 minutes ago, Jamalisms said:

Appeal denied but he's allowed to seek a loan to cover the amount.

I think he's now allowed to get a bond from a NY bank for this judgement.  The appeal judge in essence called his bluff because Trump said in his appeal that inability to use NY banks was why he couldn't post the entire amount.

Link to post
Share on other sites

2 hours ago, tgo said:

 

That motion claims that UAV’s current 8.6% stake in Trump’s company would be diluted to less than 1% as a result of the TMTG board approving an eight-fold increase in the total number of authorized shares in the firm, from 120 million shares to 1 billion shares.

 

“There is no legitimate business purpose for the Billion Share Authorization or the creation of non-voting stock in the face of the pending Merger, particularly because any unissued TMTG stock will be cancelled in the Merger,” the motion by UAV says.

 

“The only plausible reason for TMTG to authorize this massive new block of stock and create non-voting stock is so Trump can dilute UAV and take the lion’s share of merger consideration for himself,” the motion says.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...