Twitter

mb227 said:
As a publicly traded company, they have obligations under the SEC guidelines. Elon is shining a light on the fact that they may very well have lied and lied for MANY years in those documents. Lying in SEC filings is perpetuating a fraud upon shareholders and prospective shareholders. AND, as it relates to the proposed purchase, $TWTR has not come to the table with clean hands...as I have stated elsewhere, Elon should have perhaps done more due diligence, but he ALSO has a reasonable presumption under the law that the company honestly advanced position statements in the filings required under federal securities law. Twitter being a private company that trades publicly does not allow them leeway to misstate things in a Prospectus, 10Q, 10K or any other filing which is designed to convey information to shareholders...

Interestingly enough, $TWTR is up today while the broader market is down.

Oh, and since Elon is ALSO a substantial shareholder, he is most assuredly aware of the current per-share prices.
Click to expand...
I posted today in breaks of yard work for my youngests HS graduation without my glasses. Like a drunk aggy.

what has twitter done that is illegal?
 
OUBubba said:
I posted today in breaks of yard work for my youngests HS graduation without my glasses. Like a drunk aggy.

what has twitter done that is illegal?
Click to expand...
You celebrated your youngest's graduation by performing yard work for them, or is that what Okies do to mark milestones in the life of a young Okie? Cut the grass every 18 years? Your youngest is graduating without your glasses? WTH is going on with Okies these days?
 
OUBubba said:
The board acts for the shareholders. They can kick people off if they so choose. They can limit speech. Bill of rights does not apply.
Click to expand...
That has nothing to do with whether they are public or private. Board members are generally voted off boards, not “kicked off” if they are not liked. Private companies have boards too.
 
theiioftx said:
That has nothing to do with whether they are public or private. Board members are generally voted off boards, not “kicked off” if they are not liked. Private companies have boards too.
Click to expand...
Ownership is irrelevant. Twitter suspended trump, Alex Jones, etc. surely they could reasonably suspend someone who’s damaging their product as he tries to buy it. It’s the equivalent of tossing termites around the house after you made a offer and then trying to negotiate a lower price because of termites. That’s my point.
 
Well your opinion is that he is damaging the product, but due diligence is part of a transaction and that due diligence almost always results in a purchase price adjustment.

Think of it as a home inspection after an initial offer. If you find out the house has foundation problems, you are either going to withdraw your offer or substantially reduce your offer. That’s what Musk is doing because he feels Twitter made false disclosures.

And the board’s sole responsibility is to maximize shareholder wealth not cancel users due to difference of political opinion. See the screw up of Disney for a great example of a board/CEO failing shareholders.
 
mb227 said:
They may not be able to answer...after all, they registered in September of 2005 and only have one post...and that was circa 2008. They may be on a quota of one reply every couple of decades.
Click to expand...

I lurk with my morning coffee. And then again with my afternoon coffee. Didn't intend to poop anything, must have just been a fat finger. And I'm pretty sure I have more than one post. Must have been at least 2 or 3, but I guess the other ones didn't make it when the site changed years ago.
 
OUBubba said:
I posted today in breaks of yard work for my youngests HS graduation without my glasses. Like a drunk aggy.

what has twitter done that is illegal?
Click to expand...
If they have misstated the amount of bot traffic in those filings, it is a cousin of the cooking of the books that did Enron in. It is a breach of the fiduciary responsibility precisely because they have lied to shareholders and prospective shareholders in federally-mandated filings. You don't get to make **** up out of whole cloth and sell it as a 10K or 10Q.
 
OUBubba said:
The board acts for the shareholders. They can kick people off if they so choose. They can limit speech. Bill of rights does not apply.
Click to expand...
Speech infringement takes many forms beyond simply the #1A protections...but there have also been limits imposed at the behest of the federal government, which does carry potential #1A implications. Further, they have made federally-mandated filings in which they profess to abhor limitations and that they view themselves as the town square. And while it may be a truism that the Board is tasked with looking out for shareholder value, suppressing much of the content of one side of a discussion is NOT maximizing shareholder value and is, arguably, HARMING said valuations...
 
Well. The way I see it is that Elon has to either purchase at the price offered or lose his “earnest money”. Trolling twitter executives is not the typical way to perform an inspection.

Theey can negotiate down but I don’t see that happening.
 
OUBubba said:
Well. The way I see it is that Elon has to either purchase at the price offered or lose his “earnest money”. Trolling twitter executives is not the typical way to perform an inspection.

Theey can negotiate down but I don’t see that happening.
Click to expand...
Good thing you don't do civil litigation...because if you did, you clearly missed the day they discussed 'unclean hands' by a party to a proposed contract.
 
OUBubba said:
Well. The way I see it is that Elon has to either purchase at the price offered or lose his “earnest money”. Trolling twitter executives is not the typical way to perform an inspection.

Theey can negotiate down but I don’t see that happening.
Click to expand...
Here is how it works:
NDA
Financial information provided
Notice of Intent/Offer
Due Diligence
Offer may be adjusted
 
Musk is challenging the grifter who accused him of sexual misconduct to name one thing about his body thst isn't publicly known.
So far crickets.
 
OUBubba said:
This is funny.
Click to expand...

well, we could read this as "super-entrepreneur and smart guy" is 1,000% more productive than "dumb as stoner dude". Somehow SESG managed to do more in less time than DASD. sounds about right to me. :)

The truth about being rich is that you get way more credit than you deserve when you are at the top of the mountain, just like you get way more heat when things go south. Kind of like being the QB. How else could we get all those NY Times "best-sellers" from dumbass actors. "uhh, you write it all and I'll just put my name on it."
 
mchammer said:
Click to expand...

A good percentage of leftists are insane or mentally unwell. You don’t see them in every day life but you do on Twitter. I recognize that you have alt-right folks who are equally addicted to social media to play out their mind games, but they pale in number to the crazy left.
 
OUBubba said:
Elon should be banned as he's damaging their stock price. How's that purchase coming?
Click to expand...
Do you not realize he isn't going to take actions to harm his own holdings? He ALREADY owns roughly 10% of the stock that is out there.

A shareholder has an inherent right to speak out about problems with the company they have an interest in...and nothing that he has posted about $TWTR has been shown to be wrong. He is pointing out what is wrong WITH the company and its bad apples...
 
I said this before: once someone owns 20-40% of a publicly-traded company, it threatens its status as publicly-traded. Elon and a buddy could own 30% of the company (15% each) and force the SEC to declare it private and stop shares from being traded. However there are pros and cons of private vs public. I suspect Elon prefers his ownership to be more liquid than if he owned a share of Twitter privately.
 
You must log in or register to reply here.

Weekly Prediction Contest

* Predict TEXAS-KENTUCKY *
Sat, Nov 23 • 2:30 PM on ABC

Recent Threads

Prediction Results Threads

2024 Schedules

Back
Top