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Started By
Message
2
Posted on 9/27/18 at 3:59 pm to Mingo Was His NameO
quote:meh. While he always takes a jab at people who short Tesla, with how the guy acts it's not unreasonable to think that it was just an Elon impulsive move.
Like blatantly commit securities fraud for no reason?
Now, he had no funding secured obviously. So that'll bite him in the arse. Tsla will be fined, life will go on.
Posted on 9/27/18 at 4:03 pm to Mingo Was His NameO
quote:
Like blatantly commit securities fraud for no reason?
Most actual morons wouldn't even have the ability to do such a thing
Posted on 9/27/18 at 4:11 pm to Janky
quote:
Musk said in an interview with The New York Times that he calculated a take-private price of $420 by rounding $1 up from what would have been a 20 percent upside at the time.
"According to Musk, he calculated the $420 price per share based on a 20% premium over that day's closing share price because he thought 20% was a 'standard premium' in going-private transaction," the SEC alleged in its suit. "This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it funny, which admittedly is not a great reason to pick a price.'"
The Board has to act
Posted on 9/27/18 at 4:19 pm to boosiebadazz
It seems like every day real world news becomes closer and closer to The Onion
Posted on 9/27/18 at 4:27 pm to Cap Crunch
Wut?
Posted on 9/27/18 at 4:30 pm to barry
Ummm you do know gasoline and diesel drives the majority of their profits, right?
Posted on 9/27/18 at 4:32 pm to castorinho
I'm torn. I'm not sure if it's his other-worldly craziness or something more sinister. He has $900MM in convertible debt coming due next spring that is only in the money when his stock is I believe in the high 300s so he has every reason to manipulate the stock price while his company continues to burn cash.
This post was edited on 9/27/18 at 4:33 pm
Posted on 9/27/18 at 4:35 pm to Winston Cup
quote:
thought his girlfriend 'would find it funny,
Grimes
This post was edited on 9/27/18 at 4:39 pm
Posted on 9/27/18 at 4:40 pm to Janky
quote:
"This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it funny, which admittedly is not a great reason to pick a price.'"
I mean that this is so absurd it sounds like satire
Posted on 9/27/18 at 4:54 pm to Draconian Sanctions
Who is downvoting Grimes? 
Posted on 9/27/18 at 4:58 pm to Janky
I'm glad.
I support Musk's creativity but he needs to put on his big boy pants if he's going to be CEO of a publically traded company.
I support Musk's creativity but he needs to put on his big boy pants if he's going to be CEO of a publically traded company.
Posted on 9/27/18 at 4:58 pm to Janky
Musk better watch out or they will throw his arse in the Federal Reserve.
Posted on 9/27/18 at 8:30 pm to Lou Pai
quote:
He has $900MM in convertible debt
damn, that must be one hell of a car
Posted on 9/27/18 at 9:53 pm to Janky
Musk is done.
Over.
This clown will no longer be relevant soon.
Over.
This clown will no longer be relevant soon.
Posted on 9/27/18 at 10:05 pm to Janky
REC doing work. They should move the headquarters out of Birmingham.
Posted on 9/27/18 at 11:08 pm to Janky
Some investors about to lose a boat load of money
Posted on 9/27/18 at 11:36 pm to Janky
Posted on 9/28/18 at 12:13 am to Janky
The SEC has done such a great job protecting us from the likes of Stanford financial, madoff, and countless others. They can go frick themselves
Posted on 9/28/18 at 12:23 am to Esquire
quote:
Musk better watch out or they will throw his arse in the Federal "Pound Me In The arse" Reserve
FIFY
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