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re: Twitter is pursuing legal action to enforce Elon’s merger agreement. LOL

Posted on 7/9/22 at 10:31 am to
Posted by alphaandomega
Tuscaloosa-Here to Serve
Member since Aug 2012
16729 posts
Posted on 7/9/22 at 10:31 am to
quote:

But why would Twitter file suit if they know there is even the possibility they lied and it could come out?

Why not just engage the PR team to put it out he was overleveraged and play it there?

It’s almost a bet the company play over $1 billion. Their reward for filing suit is max $1 billion. Their risk (knowing the 5% was bunk) is shareholder suits into insolvency.

Why risk it unless you know you’re legit?


I assume that Musk based his offer on the SEC filings. If twitter is refusing to show the math that those filings are based on we can only assume the math is BS.

I think the refusal to provide the requested information is because Twitter knows if they do, then not only can Musk kill the deal but then the board will be in trouble with the SEC.

Then after shareholder lawsuits they will be completely broken.
Posted by BurntOrangeMan
Dallas TX
Member since May 2021
5628 posts
Posted on 7/9/22 at 10:40 am to
We are in WW3 & the Western globalists are about to lose 2 major battles.

Russia in Ukraine and the CCP backed takedown of Twitter.
Posted by McLemore
Member since Dec 2003
34849 posts
Posted on 7/9/22 at 10:47 am to
quote:

Musk set them up. I don't think he ever wanted to buy it. They're about to be exposed.


I look forward to the Theranosesque documentary.
Posted by omegaman66
greenwell springs
Member since Oct 2007
26361 posts
Posted on 7/9/22 at 11:14 am to
Twitter was crying that Musk was going to buy them out. Now they are trying to force the deal!!!

I stopped following this Twitter shite two months ago .
Fill me in why the change?
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 7/9/22 at 11:15 am to
Hook, line and sinker.
Elon is the troll we desperately need.
Posted by trinidadtiger
Member since Jun 2017
18901 posts
Posted on 7/9/22 at 1:21 pm to
Have any of you actually been involved in the buying/selling of a public traded company?

This nonsense about not requesting due diligence is just that, utter nonsense. There are 100s of thousands of shareholders, 100s of lawyers and accountants. The liability is enormous if not done properly. Laughable.

Part of it was to show their methodology for the infamous "5%" and they thought dumping a dozen terabytes of data and telling Musk its in there would work. It didnt, and it wont, so he walks away.

At this point their liability with shareholders, and advertisers is enormous and no judge would bind a buyer to that albatross.

The bigger question is, everyone knew this bot issue is the worst kept secret in silicon valley, who put Musk up to opening pandora's box. You know facebook, instagram, etc are all next.

Perhaps zuckerberg stole the last election, won the battle....and is about to see his empire go up in smoke....and lose the war.
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