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   POLITICS      Political Discussions      39,875 messages   

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   Message 37,107 of 39,875   
   Joseph Pereira to All   
   GrabAGun's (PEW) IPO Not a Success   
   18 Jul 25 05:16:27   
   
   TZUTC: -0500   
   MSGID: 35265.fido_politics@1:124/5016 2cdfdebc   
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   This company, partly owned by the son of the US president, went public through   
   a blank-check method.   
      
   A shell company, so to speak. This online gun store does claim to have   
   generated some revenue, but it's difficult to verify.   
      
   It's a gun dealer, and Trump's son owns 300,000 shares in it.   
      
   After the IPO, the share price dropped 24%, and yesterday, before the market   
   opened, it lost another 9%. By the end of the regular session yesterday, the   
   loss for the day alone was almost 32%.   
      
   This decline was, of course, not the intention. The goal was for Trump's base   
   to also buy the shares so that Trump's friends and his son would benefit   
   financially.   
      
   It's simply a shell company that was brought to the market and is now worth   
   $300 million.   
      
   Yet another few hundred million conjured out of thin air, thanks to the stock   
   market and wealthy friends.   
      
   The scam continues, and people keep falling for it.   
      
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