LaxPower Back-Up Stick

Musk got owned.

There is so much similarity in the style of Musk and Orange Duce. Bluster and bluff.

It’s good for the country that Musk own Twitter.

No more censorship

ggait wrote: ↑Tue Oct 04, 2022 4:34 pm

Post by Peter Brown » Sat Jul 09, 2022 6:13 pm

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.

So how in the world did Twitter manage to overcome the unequaled total stud in law? Petey told us that was un-possible.

Another Petey Brown prediction turns out, as expected, to be completely and entirely wrong. The guy has no equal as a blowhard doofus. He's the GOAT of being wrong wrong wrong.

And as a reminder, GILD is up today to $65. 2.5 years after Petey told us to load up the truck at $85 because of remdesivir.

Petey/Essex is back...

MDlaxfan76 wrote: ↑Wed Oct 05, 2022 12:39 pm

ggait wrote: ↑Tue Oct 04, 2022 4:34 pm

Post by Peter Brown » Sat Jul 09, 2022 6:13 pm

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.

So how in the world did Twitter manage to overcome the unequaled total stud in law? Petey told us that was un-possible.

Another Petey Brown prediction turns out, as expected, to be completely and entirely wrong. The guy has no equal as a blowhard doofus. He's the GOAT of being wrong wrong wrong.

And as a reminder, GILD is up today to $65. 2.5 years after Petey told us to load up the truck at $85 because of remdesivir.

Petey/Essex is back...

https://m.youtube.com/watch?v=bR-7i0S4Jak

Elon Musk’s Twitter Takeover Faces Choppy Debt Markets

Debt investors are demanding better yields on risky paper than they were a few months ago

By Alexander Saeedy and Alexander Gladstone
Oct. 5, 2022 6:11 pm ET

With the continuing market turmoil, investors might not be willing to buy Twitter’s debt unless it comes at a discount, analysts say.
Photo: Gregory Bull/Associated Press
Elon Musk’s ability to raise debt for his revived takeover of Twitter Inc. is likely to face turbulence in a market that has become less receptive than it was a few months ago.

Mr. Musk would need roughly $13 billion of debt as secondary market conditions remain exceptionally tough for high-yield debt.

In a recent deal to take Citrix Systems Inc. private, banks sold $4 billion in bonds backing the transaction at a 16% discount, resulting in about $500 million in losses as investors failed to show enough interest in the original terms of the deal, The Wall Street Journal has reported. The banks sold a further $4.1 billion leveraged loan related to the Citrix deal at a 9% discount to face value, with losses of more than $100 million.

With the continuing market turmoil, investors might not be willing to buy Twitter’s debt unless it comes at a discount, analysts said.

Daniel Ives, an analyst at Wedbush Securities Inc., said “the environment has changed so dramatically from where they locked in the [Twitter] deal to where it is today,” noting the decline in the leveraged-loan and high-yield markets over the past several months. “It’s going to be ugly pricing,” Mr. Ives said.

Ratings firms haven’t spelled out what rating they would give to the social-media company with its new $13 billion debt load, split between loans and bonds.

S&P Global Ratings, which had assigned a BB+ rating to Twitter before accounting for the impact of the buyout, has said that it expects to “lower the rating by multiple notches due to increased leverage” as the result of Mr. Musk’s deal, pushing Twitter’s credit rating toward the lower end of speculative grade.

That would likely cause the company’s cost of borrowing to jump higher than what investors think is sustainable.

Twitter plans to raise junior debt as part of the new financing, and strategists at Bank of America Corp. recently estimated that credits rated CCC have spreads over Treasurys of about 13 percentage points, compared with 6.6 percentage points at the beginning of the year. Single-B-rated paper currently has spreads of less than 6 percentage points, compared to around 3 percentage points earlier in the year. Spreads over Treasurys refer to the difference between the interest rate for a U.S. government bond and how much companies have to pay to borrow.

Higher borrowing costs are causing difficulties for deals already in the market. Latam Airlines Group SA, the South American airline, has been struggling to sell $2.25 billion in debt to finance its exit from bankruptcy, people familiar with the matter said.

Analysts said a softer debt market may ultimately prove a crucial element that contributes to the Federal Reserve easing monetary policy over the long run as a slower pace of financing leads to lower corporate spending and fewer mergers and acquisitions.

“Excessive tightening in credit conditions is likely to become the key factor that forces the Fed to accept a slower pace of policy tightening going forward,” credit strategists said in a BofA Global Research report. “With credit stress approaching critical levels, now is the time to put emphasis on risk management. This means a slower pace of rate hikes at immediate upcoming meetings and a potential pause subsequently, to allow the economy to fully adjust to all the extreme tightening,” the analysts wrote.

Write to Alexander Saeedy at [email protected] and Alexander Gladstone at [email protected]

Watching this whole Twitter fiasco got me like

World renowned POS Elon Musk claims "the communists" made his daughter "do it". More disinformation and bullsh*t, dumbass republiCONs will swallow hook line and sinker.

jhu72 wrote: ↑Mon Oct 10, 2022 4:49 pm World renowned POS Elon Musk claims "the communists" made his daughter "do it". More disinformation and bullsh*t, dumbass republiCONs will swallow hook line and sinker.

If he was a liberal you’d love him.

Saying Republicans have swallowed up everything he has said and done, yet you blindly supporting one of the biggest money laundering schemes ever in the War in Ukraine is peak hypocrisy.

Musk’s SpaceX says it can no longer pay for critical satellite services in Ukraine, asks Pentagon to pick up the tab

The government was already picking up a good chunk of the tab anyway, but something tells me this Musk guy isn't really on the up and up... he seems to gets a ton of money from government socialist policies.

$100M for someone who is worth $200B is $100 for someone who is worth $200,000 just to put it in a humanitarian / donation perspective.

NattyBohChamps04 wrote: ↑Fri Oct 14, 2022 12:33 am Musk’s SpaceX says it can no longer pay for critical satellite services in Ukraine, asks Pentagon to pick up the tab

The .gov was already picking up a good chunk of the tab anyway, but something tells me this Musk guy isn't really on the up and up... he seems to gets a ton of money from .gov socialist policies.

$100M for someone who is worth $200B is $100 for someone who is worth $200,000 just to put it in a humanitarian / donation perspective.

... there is more than a little con artist in Musk's DNA. P. T. Barnum with a pocket calculator.

Federal authorities are investigating Elon Musk in connection with his $44 billion acquisition of Twitter, the social media platform said in a court filing Thursday.

jhu72 wrote: ↑Fri Oct 14, 2022 7:30 am

NattyBohChamps04 wrote: ↑Fri Oct 14, 2022 12:33 am Musk’s SpaceX says it can no longer pay for critical satellite services in Ukraine, asks Pentagon to pick up the tab

The .gov was already picking up a good chunk of the tab anyway, but something tells me this Musk guy isn't really on the up and up... he seems to gets a ton of money from .gov socialist policies.

$100M for someone who is worth $200B is $100 for someone who is worth $200,000 just to put it in a humanitarian / donation perspective.

... there is more than a little con artist in Musk's DNA. P. T. Barnum with a pocket calculator.

It appears that in this case the Ukrainians are paying for a $500/month regular service per device, but Musk wants someone to pay $5000/month for a "pro" version of the service...

RedFromMI wrote: ↑Fri Oct 14, 2022 4:55 pm

jhu72 wrote: ↑Fri Oct 14, 2022 7:30 am

NattyBohChamps04 wrote: ↑Fri Oct 14, 2022 12:33 am Musk’s SpaceX says it can no longer pay for critical satellite services in Ukraine, asks Pentagon to pick up the tab

The .gov was already picking up a good chunk of the tab anyway, but something tells me this Musk guy isn't really on the up and up... he seems to gets a ton of money from .gov socialist policies.

$100M for someone who is worth $200B is $100 for someone who is worth $200,000 just to put it in a humanitarian / donation perspective.

... there is more than a little con artist in Musk's DNA. P. T. Barnum with a pocket calculator.

It appears that in this case the Ukrainians are paying for a $500/month regular service per device, but Musk wants someone to pay $5000/month for a "pro" version of the service...

... this was the plan from the very beginning.

jhu72 wrote: ↑Fri Oct 14, 2022 5:36 pm

RedFromMI wrote: ↑Fri Oct 14, 2022 4:55 pm

jhu72 wrote: ↑Fri Oct 14, 2022 7:30 am

NattyBohChamps04 wrote: ↑Fri Oct 14, 2022 12:33 am Musk’s SpaceX says it can no longer pay for critical satellite services in Ukraine, asks Pentagon to pick up the tab

The .gov was already picking up a good chunk of the tab anyway, but something tells me this Musk guy isn't really on the up and up... he seems to gets a ton of money from .gov socialist policies.

$100M for someone who is worth $200B is $100 for someone who is worth $200,000 just to put it in a humanitarian / donation perspective.

... there is more than a little con artist in Musk's DNA. P. T. Barnum with a pocket calculator.

It appears that in this case the Ukrainians are paying for a $500/month regular service per device, but Musk wants someone to pay $5000/month for a "pro" version of the service...

... this was the plan from the very beginning.

a-hole grifter.
I wouldn't trust Musk not to provide this capability to Russia, moreover I wouldn't trust him to not enable Russia to intercept Ukrainian communications.

wait for it, one of our troll identities will claim "free speech".

China gives Tesla tax break 3 days after Musk's Taiwan advice

Funny that you don't hear Musk complaining about "Free speech" in China, or China's zero-covid policies and how they affect his factories...

Why should Musk give his service away when the US wants to support Ukraine?

The US is writing checks monthly. $15-16B of taxpayer money so far? Going to what?

kramerica.inc wrote: ↑Fri Oct 14, 2022 8:21 pm Why should Musk give his service away when the US wants to support Ukraine?

The US is writing checks monthly. $15-16B of taxpayer money so far? Going to what?

He has every right to be part of the military industrial complex.

The issue is that he touted it as some massive humanitarian gift and donation when they rolled it out, but in reality the government was already paying for most of it. April 8 - U.S. quietly paying millions to send Starlink terminals to Ukraine, contrary to SpaceX claims

Dude likes to be the center of attention, and lies to boost his image. Thinks every idea is god's gift to us too. If he would have been truthful about it from the beginning, and no one would care. But he's putting forth dumb ideas like his "peace plan" after chatting with Putin, then and getting b*tthurt after people called him out on it, and now he's saying "I'm taking my toys and going home". Makes my eyes roll into the back of my head.

NattyBohChamps04 wrote: ↑Fri Oct 14, 2022 8:33 pm

kramerica.inc wrote: ↑Fri Oct 14, 2022 8:21 pm Why should Musk give his service away when the US wants to support Ukraine?

The US is writing checks monthly. $15-16B of taxpayer money so far? Going to what?

He has every right to be part of the military industrial complex.

The issue is that he touted it as some massive humanitarian gift and donation when they rolled it out, but in reality the government was already paying for most of it. April 8 - U.S. quietly paying millions to send Starlink terminals to Ukraine, contrary to SpaceX claims

Dude likes to be the center of attention, and lies to boost his image. If he would have been truthful about it from the beginning, and no one would care. Now he's chatting with Putin and looking like an idiot again.

+1, though I don't think "idiot" covers it.

kramerica.inc wrote: ↑Fri Oct 14, 2022 8:21 pm Why should Musk give his service away when the US wants to support Ukraine?

The US is writing checks monthly. $15-16B of taxpayer money so far? Going to what?

... as I recall Musk offered this system and terminals for free, making a big deal of it publicly at the time. Also didn't place any limits on the offer publicly. A real hero.

jhu72 wrote: ↑Sat Oct 15, 2022 8:15 am

kramerica.inc wrote: ↑Fri Oct 14, 2022 8:21 pm Why should Musk give his service away when the US wants to support Ukraine?

The US is writing checks monthly. $15-16B of taxpayer money so far? Going to what?

... as I recall Musk offered this system and terminals for free, making a big deal of it publicly at the time. Also didn't place any limits on the offer publicly. A real hero.

Lime the other narcissist, he, too, has a fragile ego. Cannot handle Ukrainians tell him to eff off after he announced his Putin peace plan which requires them to basically capitulate.

The world is awash in these morons