MeidasTouch has obtained the initial Deck Report that was provided to investors in 2022
to persuade them to put their money into Trump Media stock
when the company went public.
This report shows that the information provided made wild claims about revenue projections based on data that was not only flawed,
it was fantasyland.
After the stock went public, the share prices soared due to a massively inflated valuation of the company based on projected earnings.
Their accounting firm was subsequently charged by the SEC with "massive fraud."
CEO #Devin #Nunes, who received a heafty base salary and stock equity in the startup to leave Congress to run the company,
stated publicly that they had hundreds of thousands of small "retail shareholders" who put their faith, and their money, in Trump's new business venture.
(Nunes recently dumped over $600K of his own shares, while CFO Philip Juhan recently sold $1.9 million of his shares.)
There are also multiple pending lawsuits involving the company.
At one point, the stock reached a high of $79.38 a share.
Since that time, it has steadily tanked, losing 75% of its value just in the last several months as smart investors cashed out and dumped the stock,
leaving Trump fans holding the bag.
The stock is currently trading at just over $14 a share.
https://www.meidasplus.com/p/internal-docs-show-trump-media-investors