If Twitter made material misrepresentations, in an effort to realize a profit on the sale, that is known as fraud. Fraud carries treble damages. Elon gets paid for all of his pre offer work, due diligence and loss of future profits times three. Twitter becomes insolvent.
Also likely distancing himself from Musk for his sake in Elon’s upcoming swamp litigation battle. Any perception Elon did this as part of the ‘plan’ would result in automatic riggery.
Yes, when he presents his court case and enumerates his prayer for relief, the Twit owners may give it up at a much reduced price. Either way, get a couple of Twitter screenshots archived because they gone.
Guys, "a big price" is a metaphor for a real price or a figurative price (annoyance, bother, paperwork, etc.). It doesn't actually say anything about Musk buying Twitter...only about "signing a bad contract." Sometimes when you are connecting the dots, you have pepper sprinkled on your paper.
He could even lowball the current owners of Twitter. When the light shines on the monumental losses they face, they'll be willing to recoup what ever they can get. And an outsider most likely won't touch it because of the bad name it now has.
In a lawsuit, there is discovery. Wouldn't Musk be able to get the information he is is seeking in discovery? Maybe Twitter is dumping a bunch of bot accounts before having to disclose how many accounts are fake.
The big price Trump might be alluding to is Elon being forced to buy Twitter at $44 million thanks to a corrupt judge. In a sane world, Twitter fails to disclose information Elon wants and he is able to get out of the deal while Twitter falls apart and dies in Chapter 7. Also, the SEC is going to have a say in the sane world.
So true. This is not the President's first dance. While Elon knows how to game the system, he was able to get many tax credits to build Tesla Motors, he should know that the system doesn't want him to break a contract without cause. The President has been a business man for decades and he knows contract law. The only thing he doesn't know is the structure of the Twitter deal and what the company may be hiding.
You just can't cancel a contract with a snap of a finger which is what Elon is attempting to do. Still, I get that there are major problems with Twitter. Something is wrong when the site says Twitter is only 5% bots, but the Resident's White House account is 50% bots in terms of followers. Plus Twitter has been cancel culture's best friend. If you need to get rid of somebody, just get the bots to say something negative and, boom, new narrative.
If Twitter made material misrepresentations, in an effort to realize a profit on the sale, that is known as fraud. Fraud carries treble damages. Elon gets paid for all of his pre offer work, due diligence and loss of future profits times three. Twitter becomes insolvent.
Also likely distancing himself from Musk for his sake in Elon’s upcoming swamp litigation battle. Any perception Elon did this as part of the ‘plan’ would result in automatic riggery.
Yes, when he presents his court case and enumerates his prayer for relief, the Twit owners may give it up at a much reduced price. Either way, get a couple of Twitter screenshots archived because they gone.
I thought the most he could lose was the 1 Billion binder or whatever they call it.
The big price is a billion
Guys, "a big price" is a metaphor for a real price or a figurative price (annoyance, bother, paperwork, etc.). It doesn't actually say anything about Musk buying Twitter...only about "signing a bad contract." Sometimes when you are connecting the dots, you have pepper sprinkled on your paper.
Not when there is fraud.
If Elon buys twitter, then theres a good chance for a DWAC Twitter purchase to follow. Truth + Twitter = Trumpet
He could even lowball the current owners of Twitter. When the light shines on the monumental losses they face, they'll be willing to recoup what ever they can get. And an outsider most likely won't touch it because of the bad name it now has.
Yes this seems like a coordinated plan.
You can’t force the deal. What…
It could be consistent, but it is far from confirmation. You are hinging all your implications on one reading of Trump's language.
In a lawsuit, there is discovery. Wouldn't Musk be able to get the information he is is seeking in discovery? Maybe Twitter is dumping a bunch of bot accounts before having to disclose how many accounts are fake.
Me, waiting for markets to open on Monday anticipating twiiter's share price to die.
That feels confrontational. What is the big price?
The big price Trump might be alluding to is Elon being forced to buy Twitter at $44 million thanks to a corrupt judge. In a sane world, Twitter fails to disclose information Elon wants and he is able to get out of the deal while Twitter falls apart and dies in Chapter 7. Also, the SEC is going to have a say in the sane world.
The SEC looks as corrupt as all the other bureaucratic shit heads.
So true. This is not the President's first dance. While Elon knows how to game the system, he was able to get many tax credits to build Tesla Motors, he should know that the system doesn't want him to break a contract without cause. The President has been a business man for decades and he knows contract law. The only thing he doesn't know is the structure of the Twitter deal and what the company may be hiding.
He mentioned having seen Elon's contract to buy
You just can't cancel a contract with a snap of a finger which is what Elon is attempting to do. Still, I get that there are major problems with Twitter. Something is wrong when the site says Twitter is only 5% bots, but the Resident's White House account is 50% bots in terms of followers. Plus Twitter has been cancel culture's best friend. If you need to get rid of somebody, just get the bots to say something negative and, boom, new narrative.
Twitter investors are mad at the company for not working with Elon Musk.
I think Twitter will be bought out(hostile takeover) during the upcoming market crash