Farfromgeneva wrote: ↑Sat Jul 09, 2022 5:33 pm Fact is he waived standard DD and he’s challenging their public filings and notes with no basis in fact and no right to their proprietary models. It’s like in markets: can the market be wrong longer than one can stay solvent?
Can Twitter afford a full on 2-4yr battle over this? Can Elon get away with stringing it out without causing him harm in his own pursuits and will markets accommodate given how levered his personal equity is (highly illiquid guy)? Will financiers trust him or will he start to be considered a “bad borrower” (fifth “C” of credit is character and has been for 50yrs) at a time when banks will be retrenching?
He created a sh*Tahoe for no reason other than ego and will have to pay the cost of doing so. Just how much can he minimize or reduce his exposure by fighting and creating a nuisance for Twitter?
Jeebus. The confirmation bias of you folks is really incredible.
Void ab inicio.
Rule 10-b-5.
You’re not obligated to consummate a transaction if the seller has made material or misleading statements to the SEC or to you, inducing you as the buyer to make a bid. I’m no contracts lawyer, but I’ve hired a few. I’m fairly sure they’d agree.
Musk is on solid ground. I’m not sure who wins, but your facile interpretation of the merger agreement leaves a lot to be desired. This is a complicated matter, and will be decided either via a compromise on negotiation or by trial. My money is on Mike Ringler, a total stud in law. Twitter has no equal to combat him.
This "stud" of yours is bragging on his CV for his firm's page....about a make a deal that his client is trying to weasel out of this very day.
