I think you’re right, since he had such a large stake.
Pretty sure you can’t publicly state intent to not sell, which pumps the price, then sell. Which is what he’d be doing and run afoul of laws against pump and dumping (stock price manipulation).
Minority share holders have a right for protection against things like unreasonable compensation or personal benefits of bigger share holders. They can take him to court if he infringes their rights.
He’ll get screwed by the SEC if he sells after saying he won’t. He’s gotta wait at least a few weeks now.
His fellow shareholders don’t need to though, and I’m gonna laugh soooo hard if Trump ends up being the one left holding the bag.
Oh, this is the thing he’ll actually face consequences for?
with shit like this, don’t you have to publicly declare intent to sell? there are forms and shit
I think you’re right, since he had such a large stake.
Pretty sure you can’t publicly state intent to not sell, which pumps the price, then sell. Which is what he’d be doing and run afoul of laws against pump and dumping (stock price manipulation).
Minority share holders have a right for protection against things like unreasonable compensation or personal benefits of bigger share holders. They can take him to court if he infringes their rights.