Tinker71
Well-known member
- First Name
- Ray
- Joined
- Aug 8, 2020
- Threads
- 53
- Messages
- 1,113
- Reaction score
- 228
- Location
- Utah
- Vehicles
- 1976 electric conversion bus
- Occupation
- Project Manager
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The SEC is the only thing that gives that common person access to the markets. Without the SEC insiders and the people that can afford them would make all the money at the expense of the common person. Corruption would be worse. Are they perfect. No. EM has and always will push the envelope for market manipulation. They need to let him know occasionally that there are limits.Twitters SEC filings dictate the health of the company, it is a major component of the decision process to buy. If the filing was misleading it was therefore illegal, the buck stops there. This fundamental fact has to be included in any waiving of due diligence debate.
Tinker, you started your possible scenarios with 'Musk has to'.
Musk 'has to' do nothing he doesn't want to. So we can exclude that scenario.
He is in total control of this situation. We have seen the propaganda attacks, and we see Twitters filing to fast track the case in court. This speed is to suffocate the time needed to obtain and analyze the data. Twitters stance is 'let's bypass the need to provide data, it's irrelevant, let's bypass the illegal SEC filings, let's take this case of face value as propagated by our propaganda machine'.
Maybe hiccups along the way. But they are last gasp corrupted trickery.
Will a political settlement take place?, will the board agree on a lower price without the need to provide any date to the courts. And end it there?.
NO, forget that scenario. — This is what will happen:
SEC fined Musk, removed him from the board. He hates the SEC, he knows it is corrupt. Twitter is a propaganda machine, a disruptor of civility( the tip of a far broader attack on the west).
Musk will take Twitter to the cleaners, and will identify all potential criminal charges against as many wrong doers as he can.
Next he will go for the SEC's throat, and weed out the corrupt elements who have been sitting on their hands and sweeping Twitters failings under the carpet.
Blood Will flow !
Whether he buys Twitter or not is moot.
1.) EM has millions of followers.
2.) He stated that he could take Tesla private and he had financing to do it.
While he may have had a line on middle east financing it was far from done. There would have been months of negotiation and contracts to actually pull that off. Was he lying, maybe not. but in Twitter headline speak all that work was done. It was not.
Elon was manipulating the Market with headlines. The SEC got it right. Elon is like a spoiled kid he will continue to push it and get away with it most of the time. He has the resources.