Elon Musk says Twitter is in material breach
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Date: June 6th, 2022 1:57 PM Author: Laughsome University Goyim
He can't prove it. He's going to be obligated to buy the company and be financially ruined in the process.
Funny thing is he plotted with Jack to buy out the company when Jack put Parag in as CEO. Parag didn't care about anything other than his golden parachute, all he wanted was a high bid and he was sold so he jumped at the offer which Musk got trigger happy to provide after the Babylon Bee getting banned triggered him.
(http://www.autoadmit.com/thread.php?thread_id=5124975&forum_id=2#44636182) |
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Date: June 7th, 2022 1:22 PM Author: bateful dilemma
I'm not sure how to parse what you're asking.
The sandbagging 'defense' seems to me in form to be a way of negating the justifiable reliance element of an action for misstatements in tort (e.g., fraud). (This is embodied in the securities laws, which stem from this common-law source, as, for example, the absence-of-knowledge element of a '33 Act S12 action). But as the case highlighted in the article Drunkard linked points out, justifiable reliance is not an element of a contract action, and Delaware appears to have adopted the contract theory of warranty. (A warranty is a promise of a particular sort, namely, that some state of the world is presently existing. A guaranty is a warranty about future events. There is thus much overlap between warranty/guaranty and the law of false statements.)
My point above was that, even putting aside that this is contract and not tort, it is unlikely that Twitter will go into court and claim that Elon knew before he signed the merger docs that Twitter was lying about its bot #'s, for to make this argument would be tantamount to Twitter admitting to securities fraud (or so enterprising securities lawyers would argue).
(http://www.autoadmit.com/thread.php?thread_id=5124975&forum_id=2#44642218) |
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Date: June 6th, 2022 4:24 PM Author: Laughsome University Goyim
I said this before and they flamed me:
"No, here is the full story of what happened for real.
His whole entrepreneurship career was subsidized by the government (especially by the Obama/Biden admin) to start off with. Now he thinks that since for the first time Tesla is making (some but not much) money and that he is on paper the richest man in the world that he doesn't need the Libs anymore. At this point he starts watching shitcon/anti-Biden media especially after Biden passes a bipartisan stimulus bill that grants tax credits to competing electric car companies. Everything is going swell for him until Twitter libs decide to ban the Babylon Bee. At this point since he is the richest man in the world brainwashed by reptile propaganda he decides to simply impulsively buy Twitter using TSLA's shares as leverage for a loan without any hedging whatsoever.
Then the market starts to tank and Elon starts to realize that he's going to get margin called and his reptile brain causes him to 'blame the libs for making him buy twitter'."
(http://www.autoadmit.com/thread.php?thread_id=5124975&forum_id=2#44637075) |
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Date: June 6th, 2022 4:42 PM Author: provocative bright indirect expression
Other shit was happening besides Babylon Bee. Maybe that was the straw the broke the camel's back, but maybe it was also Grimes and Chelsea Manning tweeting intimate details about him and calling him a traitor. Regardless, there were a million straws underneath it. There was also a power vacuum opening up in Washington.
Overall Musk's biggest blind spot seems to be his understanding of the law. Not just corporate shit, but big ticket shit. That tweet where he invited lawyers to submit resumes was the biggest tell. At first I thought it was a honeypot to collect info on hundreds if not thousands of lawyers who might one day be on the other team. It makes no sense to have a car company pre-announce its intent to make first amendment law. Even if you have a case, you're asking courts to expand the 1A for a billionaire. The optics are shit, and every controversial ruling in his favor will create a legacy of resentment like Citizens United.
But now it looks to me like he may have been sincere about this. I've heard he takes a lot of ambien, and this is consistent with how people behave when they take ambien and stay up. They start drifting off into fantasy land and express ideas they would ordinarily censor. "I want to be like Batman but for the first amendment."
(http://www.autoadmit.com/thread.php?thread_id=5124975&forum_id=2#44637200) |
Date: June 6th, 2022 4:32 PM Author: provocative bright indirect expression
Seems like he's trying to have it both ways. He's trying to claim the deal was cemented insofar as it obligates Twitter to share data. However, he has a parallel information campaign in which he's trying to present the contract as not fully formed.
Twitter is in the same jam though. If they say "we don't have to provide the data because the sale hasn't finalized," that gives Musk an opening to back out.
OTOH what if Twitter says "we think the deal is closed but this crazy mofo hasn't given us the money yet. We want our $44bn."? Again I'm an idiot when it comes to this corp shit and only recently learned this Delaware Chancellory court writes 90 page opinions on this shit
(http://www.autoadmit.com/thread.php?thread_id=5124975&forum_id=2#44637125) |
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