Imp is focusing on random graphic, but ignoring the pre/post merger facts re the balance sheet.
It was reported that the firm that did the official financial audit of Trump Media and Technology Group (Stock Symbol: DJT) included a warning as part of their official audit report:
"Trump Media auditor warns that losses 'raise substantial doubt' about company's ability to continue."
http://finance.yahoo.com/news/trump-media-auditor-warns-losses-175621421.html (April 2, 2024)
"... The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media's "operating losses raise substantial doubt about its ability to continue as a going concern." ..."
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The good news for Trump is that he can claim that his auditors are incompetents who don't know what they're doing or talking about:
http://finance.yahoo.com/news/trump-media-accounting-firm-history-150150627.html (April 8, 2024)
Trump Media’s Accounting Firm Has Audit Deficiency History.
"Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has more experience auditing companies traded over-the-counter and has had a string of regulatory issues, including a ****100% deficiency rate on audits**** reviewed by a US watchdog. ..."
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"Trump Media & Technology Group Corp. said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month. A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the US’s Public Company Accounting Oversight Board found multiple deficiencies in every audit it reviewed from the firm over the past two annual checks. ..."
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"Congress created the PCAOB to oversee the work of auditors and restore investor confidence in corporate accounting, [anybody remember ENRON? WorldCom? Mazars and Trump Org?] tapping the Securities and Exchange Commission to appoint its members. The regulator’s inspections look at a small sample of client audits. They measure whether auditors had sufficient evidence to back up their assessments of companies’ financial statements, providing a performance gauge for corporate directors and investors. Negative findings from the regulator indicate flawed processes or technical violations of the board’s rules. ..."
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"The Washington-based audit regulator found problems with the firm’s testing procedures for bedrock measures such as revenue and accounts receivable, among other issues. In 2022, the PCAOB placed a two-year ban on one of BF Borgers’ audit directors for failures on the audits of Chineseinvestors.com Inc., United Cannabis Corp. and China Pharma Holdings Inc. China Pharma’s shares are down 99% in the past three years. ..."
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Pre-merger
Naysayers point to operating losses, but either ignore or don’t realize that the main expense pre-merger was interest payments (in the tens of millions), but the company now has a positive cash balance. Operating losses should drop significantly.
Your attached image was for Trump's first two years only and didn't compare the market performance under other POTUSes. There are lots of charts out there (2 yrs, 3 yrs, entire term [Obama 8 years; Trump 4 years], other POTUSes [Reagan, Bush, Clinton, Bush, ...]). Here is the overlay of Obama's and Trump's first 3.5 years. (Trump's recession, not shown, makes his full term legacy much worse.)
Pre-merger
Naysayers point to operating losses, but either ignore or don’t realize that the main expense pre-merger was interest payments (in the tens of millions), but the company now has a positive cash balance. Operating losses should drop significantly.
Just what we expect from a partisan hack.
I love it when he gives me a chance to use this one....
Imp is focusing on random graphic, but ignoring the pre/post merger facts re the balance sheet.
with partial information on it. And now you’re trying to divert from that.
The graphic, selected randomly, is factual and accurate. The text accompanying the graph is factual and accurate.
Bottom line, Yahoo News buried the lede and Imp missed it.
Replying to both of cks's posts:
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Imp is focusing on random graphic, but ignoring the pre/post merger facts re the balance sheet.
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The graphic, selected randomly, is factual and accurate. The text accompanying the graph is factual and accurate. Bottom line, Yahoo News buried the lede and Imp missed it.
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How about posting a relevant image, e.g., the recent performance of DJT. I can't find a jpg, jpeg, gif, bmp or png to display automatically. Here is a static (cf., dynamic) DJT performance chart from April 3, 2024 to April 10, 2024 (right click and "open in new tab").
http://images.jpost.com/image/upload/f_auto,fl_lossy/591193
DJT has been falling consistently from around $51 on April 3 to $37.46 on April 10. At the close on Friday, April 12, DJT had fallen to $32.59 (and is falling more in after hours activity). On Mar 26, 2024, its first day of trading, it reached a high of ~$79. It's been downhill ever since. In 18 days on the NYSE, it has only managed to lose around $47 of value = 47/79 x 100 = ~60%.
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And Trump has made more legally questionable posts trying to PUMP up the DJT stock price. Those and other posts by Trump are likely to lead to SEC sanctions and shareholder "pump and dump" lawsuits.
It’s obvious Imp is also having trouble wrapping his head around the concept of random selection
The image you "randomly" selected is from 2019…
Why did you "randomly" seek out a 2019 picture about Trump's term from 2017-2019 from Marketwatch?
1. Open new browser tab
2. Type in “Trump, stock”
3. Multiple pics of Trump superimposed over stock market charts appear.
4. Right click on a top row picture
5. Click “copy”
6. Paste into P&R comment
Imp doesn’t realize that’s how a pic was randomly selected, and his conspiracy theory has himself worked up into a lather…
As shown above, I never went to the Marketwatch page. The image was pulled from the Safari browser search page.
As opposed to my random search, Imp attempts a NASDAQ: DJT specific search and fails:
Imp’s let this image search get to him so badly, he not only writes another gibberish book report, he assigns a nefarious conspiracy to it:
Now that that’s put to bed, why don’t you counter my good news post about Truth Social with some bad news? Its value just dropped 10%. Do you want to know why? Try a topical search and I think even you will find the answer. The only remaining question is if you’ll be able to find a topical picture to post along with your reply!