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Although Donald Trump has had a bleak week, Monday is going to be a particularly black day for him (and other Trumps).
First, Monday is the day that NY v. Trump criminal trial was to begin. Instead, it will be a day for resolving motions and setting the trial date.
The trial judge has already denied most of Trump's motions to exclude witnesses and evidence, and granted the State's. Moreover, "State prosecutors in New York said Thursday that fewer than 300 of the over 170,000 documents recently turned over to lawyers for former President Donald Trump are potentially relevant to his criminal defense and that their case alleging falsified business records should proceed to trial on April 15." Manhattan DA tells judge not to further delay Trump trial: 'Enough is enough' (NBC)
I believe the judge will agree. Expect an April 15 trial date.
Also Monday, Trump has to post a bond for his appeal of the NY AG fraud case. But,
Further, on Friday,
But the value of his forthcoming shares will be lower if the newly designated stock does not return to its opening price from Friday morning.
A total of 11% of the tradable shares of DWAC are being sold short, FactSet data shows.
This means investors holding these positions are betting the price will fall before they have to buy the shares back and return them to the entities who loaned the shares to them." The par value of the stock is $11.00.
First, Monday is the day that NY v. Trump criminal trial was to begin. Instead, it will be a day for resolving motions and setting the trial date.
Tranche Warfare: What to Expect at the March 25 Trump Discovery Hearing (Just Security)
"Manhattan Supreme Court Justice Juan Merchan has scheduled a hearing for Monday, March 25 to get to the bottom of why somewhat voluminous tranches of documents have been produced to Donald Trump only in March of this year, for a criminal trial against the former president that was supposed to have started on Monday, but has now been postponed for at least 20 days (until tax day, April 15). When Justice Merchan hears District Attorney Alvin Bragg and Trump’s attorneys on that date it likely will be tranche warfare: Trump’s side will contend that the delayed disclosures of relevant materials in drips and drabs is the DA’s fault, and Bragg will be laying blame on Trump and on the federal prosecutors in the Southern District of New York."The trial judge has already denied most of Trump's motions to exclude witnesses and evidence, and granted the State's. Moreover, "State prosecutors in New York said Thursday that fewer than 300 of the over 170,000 documents recently turned over to lawyers for former President Donald Trump are potentially relevant to his criminal defense and that their case alleging falsified business records should proceed to trial on April 15." Manhattan DA tells judge not to further delay Trump trial: 'Enough is enough' (NBC)
I believe the judge will agree. Expect an April 15 trial date.
Also Monday, Trump has to post a bond for his appeal of the NY AG fraud case. But,
Trump Spurned by 30 Companies as He Seeks Bond in $454 Million Judgment (NYT)
Even if he posts the bond, he will be encumbering significant assets to guarantee it. If he doesn't,New York Attorney General takes initial step to prepare to seize Trump assets (CNN)
"State lawyers entered the judgments with the clerk’s office in Westchester County on March 6, just one week after Judge Arthur Engoron made official his $464 million decision against Trump, his sons Donald Trump Jr. and Eric Trump, and the Trump Organization." On Monday, James will begin filing liens against his NY assets, starting with Seven Springs. She may also start attaching his bank accounts.Further, on Friday,
DWAC stock shares close nearly 14% down after Trump social media merger approved by shareholders (CNBC)
Trump took a putative paper loss that actually exceeds the bond requirement. The reality of the badness of the merger is coming home to roost. Expect the stock to fall further Monday. "Trump holds a majority of shares in the new company, which would have been worth $3 billion or more given Friday’s opening price for DWAC.But the value of his forthcoming shares will be lower if the newly designated stock does not return to its opening price from Friday morning.
A total of 11% of the tradable shares of DWAC are being sold short, FactSet data shows.
This means investors holding these positions are betting the price will fall before they have to buy the shares back and return them to the entities who loaned the shares to them." The par value of the stock is $11.00.