The MeidasTouch Podcast Trump Makes New STOCK FILING with MAJOR RED FLAGS
May 18, 2024
Donald Trump is in hot water over a new stock filing that raises major red flags. The conversation dives into questionable financial practices and the implications of manipulating stock values. Trump's dismissal of his auditor is scrutinized, leading to concerns about transparency and management. There's also a look at the chaotic financial history of Trump Media, including ties to Russian entities. Amidst all this, an unexpected plug for sustainable gardening adds a twist to the serious topics.
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Inflated Stock Valuation
- Trump Media's stock valuation is significantly inflated despite substantial losses.
- This is likely a tactic to attract unsuspecting investors before insiders can sell their shares.
Delayed Financial Reporting
- Trump Media delayed its quarterly financial report, citing issues with its auditor, BF Borgers.
- They filed a Form 12B-5 explaining the delay due to the SEC settlement against BF Borgers.
Defense of BF Borgers
- Trump Media previously defended BF Borgers against criticism of their shady practices.
- They dismissed concerns raised by outlets like the Financial Times as partisan attacks.