Small market cap stock DWAC to merge with TMTG. Currently sitting around (3B) with the potential to draw 200M person audience.. Yeah this is going to land between 20B and 40B Market cap no problem. My only concern is the shares that will flood the market once the merger goes through. Let me know your thoughts.
The company has no fundamentals, sure they have a large potential audience. However, they have zero experience running a large platform as evidenced by the debacle they had on the weekend. This is a pure speculative play and a short term one at that. If this is run anything like his other businesses, this won't last a year and he doesn't get the benefits of those nice real estate tax breaks. This is just another grift, he's desperate for money as his other businesses are hemorrhaging money and he has millions in personally guaranteed loans coming due. So I see this a pure pump and dump. Time will tell, I'll check back in 6mths and see if I was wrong.
cmmb72
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The merger is a negative catalyst
thomasspayne2
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@cmmb72, You've actively stated your short position on other posts. So it's no surprise you'd come here to talk shit. The merger would be great news. Read the deal before you come here with your bullshit. Long positions will wreck your shorts.
Erictaylor
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@thomasspayne2 buy the rumor sell the news is a pretty big thing thou. Will this hold up longer in this type of market environment ? So far it’s holding well but matter of days and weeks to decide