It was interesting watch it fall through the $40 point last week, then through the $30 mark yesterday and now looking like it will fall through the $20 shortly. There is no bottom in sight given that Trump hopes to start offloading his shares.
Intrinsic value ....... $0 !
Revenue is almost non-existant despite whatever Trump may have done to persuade republican supporters to push business his way. Clearly nobody sees value in spending money on his platform. Not surprising since it has so few users. Worse still they refuse to state how many of the tony number of accounts are active. If they don't want to say then its likely because that story is equally poor. Many people may have joined up during the initial excitement and when it failed to go anywhere they simply abandoned the accounts.
More concerning than the massive loss the business makes is that the majority of the less appears to be in interest charges. Interest on what? Loads of interest means loads of debt.
How do you make interest payments when you are losing $60m a year, have virtually no revenue, very few customers and no obvious prospects as to how any of it is going to get any better? This can only go one way I suspect. The only question is the speed that it drops and whether Trump and the other founders can offload to gullible investors along the way.
