Donald Trump ‘s media’s efforts have just NOT materialised ….
This one with a lot of money pledged has drawn attention of the Feds….
Gone are days when he could quietly game the system….
Separately, the SEC asked for information related to meetings of the company’s board of directors, information on investors, and communications, according to the filing.
The company said the filing should not be construed as an indication that either agency has concluded anyone violated the law. Spokespeople for DWAC and Trump did not immediately respond Monday to requests for comment.
A special purpose acquisition company (SPAC) is a shell company that is set up to take a private company public by merging with it. They are called “blank check” companies because investors can purchase shares without knowing what business the SPAC will eventually acquire. For investors, the hope is that the stock price will shoot up when an acquisition target is announced….
Some have questioned whether Trump’s company can follow through on its broad-reaching plans….
Trump and his political team had previously launched a blog called “From the Desk of Donald Trump.” The blog was shut down after just 29 days after receiving very little readership.
DWAC’s stock skyrocketed when it announced its venture with Trump. On Monday, it closed down 2.6 percent to $43.81 a share….