The MeidasTouch Podcast - Trump SECRET INVESTOR DECK LEAKS to Meidas…IT’S BAD!!

Episode Date: September 5, 2024

MeidasTouch host Ben Meiselas reports on Donald Trump’s investor deck for Trump Media leaking and its massive implications. Head to https://rhone.com/meidas and use code MEIDAS to save 20% off your entire order! Visit https://meidastouch.com for more! Join the MeidasTouch Patreon: https://Patreon.com/meidastouch Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown Lights On with Jessica Denson: https://www.meidastouch.com/tag/lights-on-with-jessica-denson On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices

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So I got my hands on the original investor deck for Trump media from 2021 when they were trying to launch this thing and I was giving everybody the red flags. A source who got this investor deck sent me the PowerPoint presentation. I want to share it with you right now and I want to show you just how far off the projections were from what investors were being told in 2021 to what is happening right now with Trump media. I'm sure you know that the Trump media stock is crashing. It was at like $16.98 yesterday. It dropped 74 to 75% since March. Dropped 74 to 75%. I just want you to think about that. But let's take a look how far off Trump Media as a publicly traded entity is today,

off from its projections from 2021. So here is the deck that was sent to investors in 2021. You see it right here, Trump Media Group, Digital World Acquisitions, Investor Presentation, November 2021. I'm going to go through a bunch of the key pages with you, but I want to cut right to the chase on the projections first. Revenue projections. So in 2023, the total revenue projections was $114 million in 2023 projected revenue. In 2024, the projected revenue, $835 million. Revenue projections, you see that page right here. Let's see how far off from reality those projections were. Well, if we take a look in 2023, total revenue was not4.1 million in 2023. Total revenue for the entire year.

And the company lost over $58 million in 2023. A loss of $58 million on just $4.1 million in revenue. Now, remember that last page I showed you where it has the projected revenue in 2024 of $835 million? Well, let's take a look at what the headlines were recently. The company behind former President Donald Trump's social media platform, Truth Social, reported a net loss of $16.4 million in the second quarter on Friday. Revenue fell in the second quarter to $836,900 from $1.19 million a year earlier, a 30% decline right there. But if you take a look at the year so far in 2024, the entire year, the company reports $343 million in total losses this year. We're talking about 800 or so in 826,000 in revenue last quarter. The quarter before that was right around the same.

So of course the revenue nowhere near $834 million or whatever it is. And there's been a $343 million loss. The projections cannot be further from the reality right in there. And you can take a look right now at the consolidated financial statements right here, and you can see the losses for yourself. You can see the very little revenue that's been made for yourselves. I mean, we're talking about Trump media right now, making less revenue than like a

single McDonald's franchise that's perhaps in your neighborhood. And let's be clear, that franchisee is not making or not losing hundreds of millions of dollars and probably not losing money. Let's just go through this deck right here. But I think it's important that what we frame this as is remember what Fox propaganda and all the right-wing propaganda media tries to tell us. Their whole entire thesis for Donald Trump is he's a businessman and we need to run our country

like a business, right? That's what they say. And then they interview people at the Trump events who parrot that propaganda like this. Let me just show you people at the event. Here, play this clip. We need the country to be run like a business. Donald Trump's an excellent businessman. And when he was our president, it was run like a business. Most clothes are uncomfortable or too tight or never actually the size you really are, not to mention the annoyance of trying to put a good outfit together. Everyone wants to dress their best and look good at all times because frankly,

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whatever comes next. Head to roan.com slash Midas and use that promo code Midas to save 20% off your entire order. That's 20% off your entire order when you head to rhone.com slash M-E-I-D-A-S and use that code MIDAS. It's time to find your corner office comfort. That's why it's important that we go over. We go over the investment deck like this and show you the investor presentation. And we say, okay, this is how you want to run America. Could you imagine if our stock market was down right now, 75%? Look, I know that Donald Trump

makes posts like this over and over again. He says, it's crashing, it's crashing. I told you so. I told you this was going to happen. He tries to create panic, right? He made a selfie video of himself just yesterday. He made a selfie video of himself saying this. Kamala, crash. We're going to have a crash like 1929. If she gets in, it will not be pretty. Thank you. Let's stick with the data. Okay. With Biden Harris, the stock market, if you want to look at the Dow, the S and P the NASDAQ, basically up 50 to 55% or so since Donald Trump left office. On the other hand, since March, over the past six to nine months or so, Trump media is down 75%. Could you imagine what that would mean for our country if our markets were down 75%%. It would remind me of what it was actually like

when Trump was in office. Where was the toilet paper lines miles long for food banks? Donald Trump bragging about all of the publicity he's getting from press conferences as he tells us to inject bleach into our arms. As we see on the side of the screen, traveling morgues and mass graves. That's what was happening in 2020. I remember vividly. It's why I quit where I was working to work on Midas Touch basically full time. Okay, here's the investor presentation,

Trump Media Group, Digital World Acquisition Corp. In the first page, you have the chairman and CEO, Patrick Orlando, is advertised to investors. Well, where's Patrick Orlando now? Well, in true Trump fashion, Patrick Orlando is suing Trump media. And he accused Trump media of engaging in corporate espionage to destroy him. Trump media is suing him, lawsuits in Florida, lawsuits in Delaware, lawsuits everywhere. So see you later, Patrick Orlando. Also, Patrick Orlando and Digital World Acquisition Company had to admit that it was involved in financial misconduct with Trump media to the SEC for engaging in improper communications and had to pay a settlement. Take a look at this right here.

Trump media and technology group at a glance. Look at how Trump was trying to portray truth social. The comps, the comparisons were Netflix, Disney, and iHeart, and Twitter and Facebook. And it said that Truth Social was going to be as big as Netflix, Disney, and iHeart. Those were the comps right there. And as you go through the deck, they talk about an inclusive big tent approach that Trump media was going to have. You think that they've implemented an inclusive big tent approach that Trump media was going to have. You think that they've implemented an inclusive big tent approach?

And so they show Trump's following on Twitter, Facebook, and Instagram. And then they compare that in this investor deck to the total subscribers on Netflix, Twitter, and iHeart to try to say that all of those people are going to become what paid members of a Trump media platform and that there's going to be billions of dollars that are going to be made again those are the comps again another page right here of comps and the types of revenue

Netflix 27.5 billion dollars in revenue iHeart 3.2 billion in revenue Twitter 4.5 billion in revenue. iHeart, $3.2 billion in revenue. Twitter, $4.8 billion in revenue. Now, as a way to kind of justify Donald Trump's business success, it goes, history of Trump's entertainment successes. And this is what they're saying are his big successes, right? They can't really mention other businesses because he pretty much bankrupted most of his other businesses. So here's what they were selling to investors. Apprentice wins for NBC. Apprentice tops CSI. NBC renews Apprentice. Ratings. NBC Miss Universe pageant tops Sunday in demographic. Donald Trump sells Miss Universe to WME IMG. So the history of his successes is saying The Apprentice and Miss Universe and Miss Universe ratings and Miss

Universe selling. Take a look right here, another page of this deck that we got our hands on showing a comparable company analysis. And again, they try to compare Trump media to Facebook and Netflix and companies like that. It then talks about on this page, financial projection assumptions. And it assumes that the total users of Truth Social is projected to reach 81 million by 2026 based on the results of a 2021 Politico poll of registered voters. Well, I mean, that's why I say you really can't trust polls if that's actually what it said, because I don't even think they're getting close to it again. I have to go check it again. I don't think they're getting 10 million views, let alone users in a 30-day period. The last time I think I looked at it, Midas Touch YouTube was getting like two or three times as many viewers in 48 hours than Trump Media

in an entire month period was the last thing I saw right there. And then take a look at the pro forma revenue projections right there. And again, you see in 2023, $114 million in revenue, 2024, 835. Next year, 2025, the projection is 1.8 billion. And then 2026, they're estimating $3.6 billion. And as I told you, when you looked at it, they've lost about $330, $340 million this year. And I don't think they've cleared $2 million in revenue this year. Now, one of the things that I was showing was Trump's own auditors warned that the losses raised substantial doubt about the ability of Trump media to even continue. Remember over a year ago, I was going through the auditor's report. By the way, the auditor basically entered into an agreement with the SEC for engaging in fraud as well, and the auditor had to be replaced. But here's what the auditor report said.

As discussed in note two to the financial statements, the company's operating losses raise substantial doubt about its ability to continue as an ongoing concern. It says it right there that it's likely unable to continue as an ongoing concern. And now when you want to add to this, you have Donald Trump bringing in a MAGA Republican, Devin Nunes, and then he's doing what these MAGAs do, blaming other people. I'm demanding that the MAGAs and the House of Representatives, that they look into this.

There's a lot of suspicious things. Remember a while back when Devin Nunes said that? By the way, Devin Nunes, it appears, has been dumping his stock to try to cash in as well. Here's what Trump media CEO Devin Nunes said that there needs to be congressional investigations. He said this a few months back, which I was saying, hello, another red flag about where this is going,

play this clip. You know, I spent my career in Washington doing some of the most complicated investigations that there's ever been in Washington, some of the biggest scandals that there were. And so if people are screwing with this stock, we're not playing games with them. We're going to find out because, you know, we know that with our retail shareholder base, we're not stupid here. We know that all the big banks in this country are not going to recommend our stock. They're not going to put it into their fund. So we're relying on retail investors to invest in the stock.

That's okay. That's not a problem. But if the big banks and the trading companies don't actually have the shares to short, that's a big problem. So if they think they're going to screw with us and they think we're not going to figure it out, I got news for them. We're going to come after them. And this is what he said as well. Play this clip. We're here to defend our retail shareholders. I don't give a damn if Wall Street doesn't want to support us. In fact, we welcome it. But we have millions of retail shareholders. We have

millions of people in the United States. We have hundreds have millions of retail shareholders and we have millions of people around the globe or in the United States. We have hundreds of thousands of retail shareholders. We don't have any institutions, zero, zero Wall Street money. That's OK. But when you see irregular behavior occurring where it looks like our retail shareholders could be taken advantage of, which is what many of our shareholders believe. And if they call me or they contact us, we have a responsibility to reach out to the NASDAQ to say, hey, we're seeing this. We're going to get to the bottom of it if there is. If there's not, the obvious response, if you think there's nothing wrong, you say there's nothing wrong. You don't go out and basically attack me personally. You basically just say, hey, there's nothing wrong.

We'll love to work with you. And that's how it should be done. So since they're making the personal attacks, if we continue to show up on these lists and it appears like there's unusual activity, you can be damn sure that this investigation will continue. And that'll include if we have to go to the Congress, if we have to take legal action, we will do whatever it takes to defend our retail investors. And what's at the heart of all of this, Chris, remember at the beginning of the week, Joe Biden mentions true social and our stock price. Isn't that weird? That happened at the beginning of the week? I saw that. Now, the last thing I want to show you again is

if you went through the SEC disclosures by Trump media, you would see that one of the required disclosures that Trump media has to make is the bankruptcies that its founder had in the past. The SEC requires that for publicly traded companies. So here is the disclosure that had to be made. A number of companies that were associated with Trump have filed for bankruptcy. There can be no assurances that Trump media will not also become bankrupt. This is from Trump's filing. Entities associated with Trump have filed for bankruptcy

protection. The Trump Taj Mahal, which was built and owned by Trump, filed for Chapter 11 bankruptcy in 1991. The Trump Plaza, the Trump Castle, the Plaza Hotel, all owned by Trump at the time, filed for Chapter 11 in 1992. THCR, which was founded by Trump in 1995, filed for Chapter 11 in 2004. Trump Entertainment Resorts, the new name given to Trump Hotels and Casino Resorts after its 2004 bankruptcy, declared bankruptcy in 2009. While all of the foregoing are in different businesses than Trump media, there can be no guarantee that Trump media will exceed the performances of these entities. That went bankrupt. And then here's another disclosure that Donald Trump made. A number of companies that had license agreements with Trump have failed. There can be no assurance

that Trump media will not also fail. Trump shuttle launched by Trump in 1989, defaulted on its loans in 1990 and ceased to exist by 1992. Trump University, founded by Trump in 2005, ceased operation in 2011 amid lawsuits and investigations regarding the company's business practices. Trump Vodka, a brand of vodka produced by Drinks America under license from Trump, was introduced in 2005, discontinued in 2011. Trump Mortgage LLC, a financial services company founded by Trump in 2006, ceased operation in 07. GoTrump.com, a travel site founded by Trump in 06, ceased operation in 07. Trump Steaks, a brand of steak and other meats founded by Trump in 07, discontinued sales two months after its launch. While these businesses were in different industries than Trump

Media, there can be no guarantee that Trump Media performance will exceed the performance of these entities. I just laid it out there for you folks. That's Trump in his own words. You see what's happening to Trump Media. And again, I do not want our country being run like the way he runs his companies. That's one of the things. He's a loser. He's not a good business person. He's not a builder. His whole life, the data reflects that he's a destroyer. He's screwed workers wherever he goes. And finally, just take a look at what Goldman Sachs is saying. Under Trump, our GDP would be in shambles, much lower than what it would be under Vice President Kamala Harris. Every single metric right now, economic wise, our country is doing

better. It's just the data. Lower unemployment, wages are up, job growth is up, energy independent for like the first time. Our economy is growing faster than any other G7 nation right now. Our inflation is more under control than any other G7 nation right now. And by the way, Trump was the one who added $8 billion of debt because he runs things like this. He runs things like a loser and you see how he's doing it. Take all of that data. You can show this video to your MAGA friends or whoever, because I'm just going through the facts, folks. Hit subscribe. Let's get to 4 million together. Love this video? Make sure you stay up to date on the latest breaking news and all things Midas by signing up to the Midas Touch Let's get to 4 million together.