Elon Musk Stuff

Some Twitter/Elon humor for the morning...

 

I know the left has been directed to hate him because not everything he does/says is leftwing, but man lol, dude is funny!

 

And he's a genius.

 

There is a pic in LC's link of the Space X Falcon rocket landing that is freakin incredible

 

I think it's a little sad that his genius is being overpowered by the other side of his brain. He has significantly damaged his SpaceX company with this stupid Twitter dance. Often times great genius comes with challenges.

 

Boy don’t we know it around here.

Anyway, this doesn’t look good for Twitter. Note the use of highly sophisticated technologies they used (manual random sampling of a few tweets by employees) to determine how many of their millions of accounts were bots/spam.

 

Restatement by itself has someone in the SEC booking a conference room for the depositions...it is a tacit admission of having deceived shareholders.

I suspect that before this is all over, the accounting will be shown to be as suspect as Enron...

 

mb
So will Musk buy at a cheap price

 

Except that the bots were a known issue. He told the CEO after signing the agreement to not clean up the bots as they’d do that together. He tweeted that he was going to be the one to clean up the twitter bots. He was given access to all twitter data to try to determine the % of bots and he can’t either. He’s trying to use this minor issue to void the contract.

 

So what is the cost of $20/share?

 

You STILL refuse to acknowledge the lying on SEC filings...you know, the whole fiduciary responsibility to shareholders. The improper reporting of bot percentage is NOT a 'minor issue' -not to Musk, not to advertisers, not to shareholders and, oh yeah, not to the SEC. Remember, there are people from many companies who have gone to prison for very lengthy terms for lying to the SEC.

If they were a privately run company, then the percentage of bots would be a factor in the sale but there would be no real consequence to lying about them. But by routinely filing SEC 10K and 10Q after 10K and 10Q, they misled an entire group of shareholders AND violated federal law in the process. THAT makes the misrepresentations MATERIAL and the Twitter management in serious breach of any claims upon which the deal appears to have been predicated.

 

So Bubba?
Are you saying the court will rule Musk must buy?

 

The range is from a forced sale to $1B. Let’s just watch it play out. It will be over before OU-Texas gets here.

 

This isn't a one-hour docudrama on television...as this thread progresses, you continue to show how little you understand either litigation OR securities matters.

Maybe you should sit the rest of the game out...

 

Wall Street disagrees with you. A win in court is baked in to the current share price. https://www.hollywoodreporter.com/business/business-news/twitter-shares-rise-as-wall-street-sees-likely-win-over-elon-musk-in-lawsuit-1235179880/

Elon Musk doesn’t have ‘a leg to stand on’: veteran tech analyst

 

I don’t claim to be an expert. I say “here’s my opinion”. As this has played out, I’ve been more correct than most on this issue. I don’t know why you are so angry about it. You’re the least nice poster that I’ve ever dealt with.

 

Business deals blow up more often than they go through. It’s why there is due diligence. If a publicly traded company can get away with false SEC filings, that’s a new one for me.

 

2 points.
1. Elon knew bots were nebulous going in.
2. He has unclean hands that he earned by violating his part of the agreement. He can’t now use the agreement to void it.

 

And $TWTR collapses as discovery shows that they knowingly cooked the books. If SEC filings cannot be relied upon, then the deal fails.

You ALSO seem to refuse to recognize that this is not a single hearing case...appellate activity will ensue, no matter WHO prevails in Delaware.

That you continue to dismiss the fraudulent SEC filings says you don't know sooner about the trading of stocks.

Oh, and I suspect MANY around here are taking umbrage with your claim of me being 'the least nice poster' around here. It does not surprise me that YOU don't like me since the left typically does HATE facts being thrown at them like the truth bombs that they are...

 

You’re sooo good looking!

 

I have been part of several acquisitions over my career. If say, I look at a company and they claim their collections rate is $500 a case and I know industry average is $250, it does not mean I have to accept that rate. Due diligence would either validate the rate, or more probably, the offer would significantly drop. It happens nearly 100% of the time. On the public trading side, if they lied on SEC filings it is illegal. Whether Musk simply thought it to be true, he has no obligation to buy at the original offer price. That’s silly liberal thinking.

 

Hollywood Reporter? You've moved from msnbc to Hollywood Reporter. Impressive

 

Corner Stop n Steal must've been out of National Enquirer & The Star

 

That’s why Wall Street sees twitter winning. Vegas and Wall Street are usually correct but for Texas and Norte dame.

 

Do you use the same human process to determine how many of us are bots here on HF?

 

Figures that they would use a source that STILL is incapable of reviewing options activities...after all, THAT suggests a deal ain't happening at anywhere close to the original price...

 

That makes no sense. But head down to the Caddo Indian casino and bet the farm.

 

No, it’s automated. As I write this there are 24 bots on HF (search engines indexing threads).

 

Do bots sponsor?

 

Wow
I am pretty stupid about bots
So there are 24 different organizations watching us? For what? To get info on keywords we use to send us ads?
Really stupid question. Can bots post?