PHI FINANCIAL NEWS

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Near 30,000 shares is rather high after hours volume.
5 pages of trades
It is necessary to have a personal broker for after hours trading.
After hours trading is not available for self administered accounts.

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DWACW Up Today...

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THE GREAT CRYPTO CRASH OF 2022

Just over a decade ago my brother told me about a new form of currency called “Bitcoin.” I looked into it and decided not to get involved. It looked like a Ponzi scheme to me. A scam. Instead I stuck with silver, which soon crashed. I should have bought Bitcoin when I had the chance.

If someone had framed crypto currency as a means to escape the debt dollar, I might have been more interested. On the other hand, there is no escape from the debt dollar. Bitcoin remains tied to King Dollar. Now we’re seeing the stock market crash because the Fed is raising interest rates to combat the inflation it created. Cryptos began crashing, too.

Crypto currency, like gold and silver, are inextricably tied to the dreadful debt dollar that enslaves us all. When people ask what Bitcoin is worth today, they mean what it is worth in dollars. King dollar still rules. There was never an escape to an alternate currency. That was all wishful thinking.One could have bought precious metals instead of Bitcoin, but everyone knows that gold and silver prices are rigged.

Bitcoin prices were harder to rig, hence the moonshot rise. Still, gold and silver remain REAL money according to our Constitution. The dollar used to represent precious metal and paper currency could be cashed in for the ‘real’ thing, gold and silver. This was not good enough for the central bankers who were given control of our money. They wanted to print up endless fiat paper to enrich themselves and impoverish the rest of us by means of debt and inflation.

Bitcoin went up because ‘greater fools’ kept buying it. Now that prices are collapsing we may never see true market value because Bitcoin is backed by nothing. It certainly isn’t anything physical. It’s a mathematical concept. It’s coding on a computer bank. Sure, some will say Bitcoin represents the expensive electricity used to ‘mine’ the coins and that’s what gives it value, but naturally Bitcoin would have to be converted into debt dollars first to buy that electricity back and since many of the coins are now underwater, it’s a losing proposition.

The biggest crypto crash was LUNA, which is related to the ‘stable coin’ family. It was anything but stable. It crashed 97 percent on May 11 due to a disaster with its algorithms. It’s too complex for me to understand, but it was recently as high as $120 per token. As of this writing it’s worth .004 cents.

There’s nothing to stop other cryptos from repeating the same pattern of collapse. There is no safety net. I recommend sticking with gold and silver, even if they’re boring because the price remains suppressed by the central bankers. At least precious metal is a good store of value. Gold will never go to zero.

It might be better to give up on speculating and currencies altogether. Instead, buy garden seeds, ammo, storable food, small bottles of liquor, and cigarettes. Those items might end up being more desirable for trading purposes than theoretical money, debt paper, and shiny discs of metal.

— Ben Garrison
https://grrrgraphics.com/

 

Larry Ramer is in agreement.
We also agreed on selling, but he waited a little longer than I did.
He mentions a mid-term angle I had not yet considered in the following article.



DWACW warrants are down to $10.59 at the moment...


Not recommending to anyone, just reporting.
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An DWACW Update​

I have made smart moves and not smart moves selling too early not making as much as I could have and buying too early paying more than I should have. But, all and all, considering use of the first profit, I remain in DWACW shares at $10.50. I consider this to be a good position and one that was available to anyone at $11.46 per share today, a near all time low. Historically to date, as seen in the chart below, this would be a good position if a person was seeking short term profit. (See later why I believe upward momentum is likely from here in short term.)

DWACW Historical Chart
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In considering the long term possibilites of redeeming warrants for shares of common stock, below is the historical chart for DWAC.

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If one is planning on waiting to sell after the merger when DWACW warrants are eligible to redeemed for full DWAC/TMTG shares at $11.50 plus cost of warrant ($10.50 + 11.50 = $22 in my case, or $22.96 at today's valuation), considering historical values in the DWAC chart, it can be seen that the stock price has never been below $35.71 and has been all the way up to near $100. If the stock were to be valued at the current all time low after merger, that would still result in a $13.48 profit per share when the warrants were redeemed.

Why I believe the value will increase soon...

According to this video today and recent others from Devin Nunes:



So, we know that in a couple of weeks the Truth Social web app will become available opening Truth up to everyone on the web, not just Apple users in America. If you notice in the high spikes in the DWAC chart... they all occurred at times when events such as the opening of the original Beta trial of Truth, opening of Truth to all Apple users, even just Trump posting on Truth. The foregoing events all triggered waves of buying and rising values. It is my opinion the upcoming opening of the web app to everyone and surge of new users discussed in the video will more than likely have that same or even higher effect on value.

However, if one is waiting to redeem the warants for common stock after the merger, the current market value of the warrant has litlle bearing. Whatever the monetary value of warrants, however that value fluctuates, the warrant may be relinquished for the opportunity to purchase common shares at $11.50. The profit being the value at that time minus your personal costs. Though certainly, a higher warrant value denotes a higher stock value. The warrant value and the stock value move hand in hand.

There are also the factors for long term consideration that the Truth Social site will be only one part of the media acquisitions TMTG are to eventually incorporate. Cable News station, Streaming Service, etc. are planned to follow and we know Trump has previously been a master of successful cable programming.

In closing, it should also be noted when considering current values the Nadaq composite has been in free fall as of late. Not just TMTG. Other factors are at play.

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