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re: Twitter board unanimously recommends Musk's takeover bid...Has Elon Bit off too much?

Posted on 6/26/22 at 2:11 pm to
Posted by billjamin
Houston
Member since Jun 2019
16722 posts
Posted on 6/26/22 at 2:11 pm to
Name your terms for a ban bet pussy.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 6/26/22 at 2:16 pm to
It’s clear from what you claim I’ve said and your “reading” of the contract that you’re very “selective” to put it kindly. Your use of all caps, bolding and italics is impeccable and is very convincing.

The only two people using unverifiable backgrounds to assert their “expertise” are you and the clown lawyer dafif (and billjammin but at least his points line up with the public docs unlike your feelings and dafifs hilarious contract interp).
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135671 posts
Posted on 6/26/22 at 3:31 pm to
quote:

Name your terms
See, you're doing so much better billionjamin. Well done.

All in good fun though.
I don't want you banned.

Hell, if you're running billions and billions in deals, pop over to the money board and help folks with financial stuff there. I'm sure there are TSLA investors on the MB who'd appreciate your input.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135671 posts
Posted on 6/26/22 at 3:43 pm to
quote:

The only two people using unverifiable backgrounds to assert their “expertise” are you
“Expertise”? Here? LOL. Not my field, so nope.

The more interesting question is whether you are asserting claims of "expertise"?
This post was edited on 6/26/22 at 3:52 pm
Posted by billjamin
Houston
Member since Jun 2019
16722 posts
Posted on 6/26/22 at 4:03 pm to
quote:

All in good fun though. I don't want you banned.

Fine, you’re no fun. Btw I post from my iPad 99% of the time so my grammar is shite. I think I edit almost 100% of my posts to fix something stupid.
quote:

Hell, if you're running billions and billions in deals, pop over to the money board and help folks with financial stuff there. I'm sure there are TSLA investors on the MB who'd appreciate your input.

I avoid getting into that for confidentiality reasons. I’m more willing to discuss the technology and things I learn during technical diligence, since one of my primary roles is to engage the independent engineer and produce a recommendation for the investment committee. Even then I’m always careful what I say. Getting into any financials would probably not be in my best interest and quite a few people on here know me IRL and could narc me out.
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 6/26/22 at 4:15 pm to
Never, ever doubt Elon Musk's ability to make money.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135671 posts
Posted on 6/26/22 at 4:23 pm to
quote:

Fine, you’re no fun.


quote:

Getting into any financials would probably not be in my best interest.
Good! Solid answer.
Nonetheless, pop over to the Money Board. Many non-TSLA discussions you could add to there.
Posted by dafif
Member since Jan 2019
7922 posts
Posted on 6/26/22 at 7:10 pm to
I’ve now asked 4 times…. Whose the clown?

Your ignorance is astounding
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 10/6/22 at 11:07 am to
quote:

Again, you’re trying to argue with me about whether or not there’s fraud regarding the bot count. I don’t care. I’m just talking about the contract and musk’s rights and abilities there under to walk the deal. He’s pretty much locked in so he is using his considerable wealth to create leverage outside of the 4 corners of the contract to renegotiate his overpayment in the current market. The end.




From NYT today:

quote:

In the weeks before Elon Musk declared that his bid to own Twitter was back on the table, his representatives spoke with the company several times about redoing the deal at a lower price, four people familiar with the discussions said.

Mr. Musk sought a discount of as much as 30 percent, three of the people said, a proposal that would have valued the company at roughly $31 billion. Twitter rebuffed the proposal, said the people, who requested anonymity because the talks were confidential.

In the past week, however, discussions narrowed to a discount of about 10 percent, which would have allowed Mr. Musk to pay about $39.6 billion for Twitter. Those talks ultimately did not move forward. Twitter’s market cap as of Wednesday was $39.2 billion.


LINK

Then they did depo prep and that shite didn't go well and we get the deal done.

Due diligence waived. He couldn't make a fraud claim. He signed an extremely seller friendly contract. The only surprise for me here is that Twitter mgmt had more of a backbone...but again I'm thinking depo prep was likely the breaking point.

The only thing that could derail it now is financing:

quote:

Mr. Musk, the chief executive of Tesla and SpaceX, said completing the acquisition was dependent on his ability to secure financing from the banks that had agreed to back his April bid, which offered $54.20 per share. If the banks do not follow through on their funding commitments, Mr. Musk will be required to pay a $1 billion breakup fee. He has also asked Twitter to halt its litigation against him.
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 10/6/22 at 11:15 am to
quote:

Then they did depo prep and that shite didn't go well and we get the deal done.

Due diligence waived. He couldn't make a fraud claim.
So you are saying it is because the frauds had/devised a good response to lawyers.

Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 10/6/22 at 11:16 am to
So what has the market value done?

I thought it had dropped into the low 40's

New York Times is no source
Posted by Vacherie Saint
Member since Aug 2015
46211 posts
Posted on 10/6/22 at 11:22 am to
My concern for Musk is that Twitter has becomes so synonymous with hive-mind left think, many of its users will leave the platform and whales like Trump have already said they wont come back. Many right leaning users are already gone. That said, Musk is the one guy that can pull this off.
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