Ron Filipkowski (6:52)

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Jordan Chariton (8:44)

You want to go and see some more stunning admissions from this report? Again, I'm reading you Trump's own financial report. I'm not paraphrasing others, I just want to be clear when I read what I'm about to read to you. So from Trump's 10k, they expect that rising inflation will hurt Trump Media's future financial prospects. May I repeat that again? Donald Trump, in his own 10k annual report says rising inflation in America in the future under his administration will cause harm to the future economic prospects of Trump Media, which had only generated $3.6 million in revenue last year. Again, he's a horror who looks at this and goes, yeah, that's a good business person. Put it this way, one McDonald's franchise, not all of McDonald's like one McDonald's franchise does significantly more revenue than what Trump Media made you. Just like the McDonald's down your block, basically, and it's probably profitable and not losing any money. That's Trump's total revenue. Here's what it says. Inflation and the global supply chain will be a big problem for Trump media. Currently, the U.S. economy is experiencing a bout of increased inflation. It goes on to say, although inflation did not have a significant impact on our results of operations for the years ending December 31, 2024, 2023 and 2022, we anticipate that inflation will have an impact on our business going forward, including through a material increase in our cost of revenue and operating expenses in the coming years, if not permanently continued or permanent rises in core costs could impact our growth negatively. That's Trump's own company saying that inflation is going to rise. What did Donald Trump promise on day one that Inflation would go down right away. I have video of him saying it. Here he is saying it. Let's play it.

Ben Meisel (11:03)

So when I win, I will immediately bring prices down. Starting on day one, we will end Kamala's war on American energy and we will drill, baby, drill. We're going to drill.

Jordan Chariton (11:13)

He is a fraud. He is a con artist. He is a liar. Now costs are going up, right? Prices are going up. Egg prices record highs. Groceries going up. Housing less affordable. Trump can't even run his own digital media company. You think he can run a country? Are you kidding me? It goes on to say here are some other risk factors involved in the Trump Media. There can be no assurances that Trump Media will continue to be able to comply with the continued listing standards of Nasdaq. Trump Media's continued eligibility to maintain the listing of its securities on Nasdaq depends on a number of factors, including the price and the number of persons that hold Trump Media securities. It goes on to say, as you read more, if NASDAQ delist Trump Media securities from trading on its exchange for failure to meet its listing standards, Trump Media is not able to list such securities on another national securities exchange. Then Trump Media securities could be quoted on an over the counter market. If this were to occur, Trump Media and its security holders could face significant material adverse consequences, including recent reduced liquidity for its security, a limited availability of market quotations for securities, a determination that Trump Media's common stock is a penny stock which will require brokers trading in the common stock to adhere to more stringent rules and possibly result in a reduced level of trading activity. And while all of this is going on, to remember my report yesterday about Javier Millay, the Argentinian president who promoted a meme coin that proved to be very scammy, causing people to lose their life savings in Argentina and elsewhere. The Libra coin that was done by this Kelsier Ventures, the same company that did the S. The Melania meme coin. Look at Trump's coin too, by the way. Trump's coin over the past month is down 45%. Crashing. Melania's meme coin crashed. What's interesting about Trump Media though, this is just a wild aspect of it, right? 3 million in revenue on $400 million in losses. What Trump is good at is being a con artist and a fraud and a scammer. Because I mean, you even take a look right here you have the stock is trading at $30 and 39 cents with a $6.59 billion market cap. You want me to Tell you what, a company that loses $400 million with a 3.9 with 3.6 million in revenue is usually valued at probably nothing. It probably would be bankrupt by now if it wasn't. If it wasn't Trump Media. With Trump in the Oval Office and using it to get out his messages or propaganda. Let me give you the most generous in my view evaluation of it. And I'm not trying to give you stock advice, so I'm giving you my opinion. Only 3 million in revenue with no profit. What would you apply a 5 times multiple? Maybe let me give it a 10 times multiple. Give it a 10 times multiple and I will totally ignore the losses. Which why would you do that? And I'll ignore, you know, I won't do it by EBITDA or profit. I'll just say 10 times multiple. No one would ever apply a multiple to a company that's going in the opposite direction. Losing money in this bad. But so what? My valuation may be $30 million, maybe $30 million. So if you had 200 million outstanding shares, let's just use that number on a $30 million total value. That's why in my opinion, it's quite literally a penny stock. If I gave it the most favorable of fav valuations. Just do them. Do the math of what one share would be worth on a 30 million valuation. With 200 million individual shares on ST, you could do the math. So then imagine if the valuation is more like 10 million or it's why this is so utterly absurd. Right now I'm just giving you the facts and data. I read from you his report. So tell me what you think. Hit subscribe. Let's get to four. Let's get to 5 million subscribers. I got to stop saying four. We're on our way to five now. Thanks for watching. Can't get enough Midas? Check out the Midas plus substack for ad Free articles, reports, podcasts, daily recaps from Ron Filipkowski and more. Sign up for free now@midasplus.com.

Unknown (16:19)

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