Can't use it directly in court, but can (and probably is trying to) make a deal to pledge it as security to some other bond company or guarantor who can in turn post a bond in court.
So like if the court requires $100m bond or whatever, then he will pledge $200m worth of company shares to the bond company which will in turn put up a $100m bond - or something like that. But there are lots of details to get right
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at the rate it keeps falling and all the law suits that have been filed recently? I'd suggest not.
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Be like heading out to shop with Reichsmarks in Weimar Germany.
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https://www.cnn.com/2024/04/15/politics/trump-civil-fraud-case-bond-financially-secure/index.html
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Can't use it directly in court, but can (and probably is trying to) make a deal to pledge it as security to some other bond company or guarantor who can in turn post a bond in court.
So like if the court requires $100m bond or whatever, then he will pledge $200m worth of company shares to the bond company which will in turn put up a $100m bond - or something like that. But there are lots of details to get right
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thought he couldn't realise the $$ from the shares for 6 months
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He's not allowed to pledge them in any way without announcing to the market, which of course would really kick start the rout in share value
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believe he needs to get board approval to do it but he's the majority shareholder - how hard can it be?
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