The executives at Donald Trump's #Truth #Social venture are officially starting to
cash out of its meme stock.
CFO and treasurer Juhan Phillip has already sold a whopping $1.9 million worth of company shares.
CEO Devin Nunes and COO Andrew Northwall joined in as well. -- selling chunks of their holdings.
Meanwhile, Trump is likely also getting ready to offload his 114 million TMTG shares
— roughly 60 percent of the company's outstanding stock
— as soon as next month.
The six-month lockup period determined by the SEC is set to expire as soon as
September 20, clearing the way for Trump to #pull #out.
https://futurism.com/the-byte/truth-social-exec-dumps-stock-as-price-plummets