Overnight, DWAC — Tangerine’s public company vehicle for monetizing his (now declining) Truth social platform — filed its SEC Form 10-Q after several delays.

In it, we learn that $20,639,030 has been spent this year alone, and an additional $18 million reserved, all in, for legal expenses related to statements made about (and trading in) securities of DWAC.

Moreover, certain law firms will be paid the greater of $8 million, or 130% of their actual billed hours, if the merger is completed by September ‘24. [Q.: How is that even allowable, by state bar authorities and disciplinary commissions, as an ethics matter?! Such contingent fees (I thought) were only ethical in personal injury cases, and capped at… 30% in some states.]

And… DWAC now has an extension (from existing investors) — to September 2024 — to get the combination with Truth completed.

Hard to imagine “Truth” will be worth much if by September ‘24, Tangerine has only one hour a day in the relevant federal BoP prison library to get online and post things, via the Tru-Links monitored email system, to execs at DWAC(?!)… or Melania.

But it’s all regular operating procedures, and “pig butchering” schemes — for the cult members.

Yikes.

Yep — when we sit to eat turkey later this afternoon, I’ll be thankful — to be a million miles away from any influence emanating from that particular reality distortion bubble.