It is quite interesting to watch this epic "battle" play out between the SEC and Truth Social (aka Trump Media & Technology Group). The fighters in the ring are the ruddy, yet scantily clad, Truth Social (representing Donald J. Trump, “We The People,” and free speech in America) vs. the financial regulatory behemoth known as the SEC (representing the US MSM ‘”fake” news organizations, the Federal Reserve, and the rest of the DC establishment swamp). Biblically speaking, David vs Goliath.
You can almost hear Michael Buffer setting the stage for the main event by warming up the crowd with his signature “Let’s get ready to rumble!” Here is an appropriate and exuberant Michael Buffer take from the Mandalay Bay hotel in Las Vegas.
The merger of Trump Media and Technology Group (Truth Social, TMTG+, TMTG News, etc.) and Digital World Acquisition Corporation (DWAC) must pose a major threat to the establishment. Truth Social and/or TMTG+ and/or TMTG News must not be able to be publicly traded for some reason. But why? On 6/22/23, Congressman Dan Meuser (PA) indicated that Truth Social has been waiting over 400 days to become a publicly traded company.
Congressman Meuser has been shining the light on this developing story for several months. Why exactly is the SEC intentionally delaying this? Will these unprecedented actions one day be considered election interference?
SEC's political bias is hurting blue-collar people (5/4/23)
https://www.washingtonexaminer.com/restoring-america/fairness-justice/securities-and-exchange-commissions-political-bias-is-hurting-blue-collar-people
In October 2021, Trump Media and Technology Group, or TMTG, announced it had reached a merger agreement with Digital World Acquisition Corporation, or DWAC.
The purpose of this merger was to allow TMTG and, thus, its subsidiary, Truth Social, to become publicly traded companies.
DWAC and TMTG have jumped through every hoop of the federal bureaucracy, but the merger is being blocked by regulators. The companies need final approval of DWAC’s S-4 registration statement from the Securities and Exchange Commission for the merger to proceed. And while the average processing time of an S-4 form by the SEC is 134 days, DWAC has now waited 352 days (and counting) for the SEC to begin processing this form.
It looks like 9/8/23 marks the end date for the merger to occur.....will the SEC continue to run the clock out and delay this merger until at least 9/7/23?
DWAC Stock Alert: Digital World Has 135 Days to Close Its Merger or Game Over (4/26/23)
https://markets.businessinsider.com/news/stocks/dwac-stock-alert-digital-world-has-135-days-to-close-its-merger-or-game-over-1032264846
The clock has officially started ticking for Digital World Acquisition Corp (NASDAQ:DWAC). The special purpose acquisition company (SPAC) partner of the Trump Media & Technology Group (TMTG) has been trending downward for months amid high volatility. Thanks to its close ties to Donald Trump, DWAC stock has seen enough quick surges to keep it safely above penny stock status but not enough to generate any actual growth. This is partially due to the company’s consistent failure to close its merger, which has understandably shaken investor confidence. According to a 10K filing, though, DWAC’s day of reckoning is quickly approaching. If the company fails to merge with TMTG by Sept. 8, 2023, it will be the end of the line.
Our team of citizen reporters at The Fruited Plain is thinking that the corporate competitive structure of TMTG may shed some light on why this merger could represent an ominous threat to the establishment.
Could this merger represent the end of Operation Mockingbird, the US MSM, and “fake” news as we know it?
And how does the partnership between TMTG, Truth Social, and Rumble announced on 12/14/21 play into all of this?
Or could the squeeze play be on? This is mere speculation and not financial advice.
Meanwhile, DWAC investors continue to shout out “We want the Truth.” The SEC responds “You can’t handle the Truth.”
With less than 75 days remaining in this “wild west” standoff, our team at The Fruited Plain might suggest that we all get ready to rumble! The truth is coming.
Have you even begun to imagine what horrific truths will be revealed from the 1850 boxes of classified materials? How does a person earn the distinction of one of the youngest elected Senators in US history? Vivek nailed it recently by keeping it simple.
Buckle up…….substantial turbulence ahead as the TRUTH begins to be revealed.