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Old 06-27-2016, 11:23 AM  
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Old 09-21-2018, 07:34 PM   #2311
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the chinese are flipping assturds
I've been making money.

Not on IQ or BABA though.
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Old 09-27-2018, 03:43 PM   #2312
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Driven by this:
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It had also better be legit or he can find his ass in a lot of trouble with the SEC.
Welp.. Tesla down big on the news the SEC is suing Musk. It's not a big surprise, you can't really come up with 70+ billion in funding to go private without significant conversations over a long period that would have leaked out.
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Old 09-27-2018, 03:46 PM   #2313
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Welp.. Tesla down big on the news the SEC is suing Musk. It's not a big surprise, you can't really come up with 70+ billion in funding to go private without significant conversations over a long period that would have leaked out.
I haven’t seen anything. What are they suing him for?
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Old 09-27-2018, 04:03 PM   #2314
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I haven’t seen anything. What are they suing him for?
If you're asking what the punishment might be, it sounds like they could ban him from being an executive with any public company (like Tesla).

https://www.bloomberg.com/news/artic...ocket-jml0ca0m

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It sought unspecified monetary penalties and added a market-rattling request -- that a judge bar Musk from serving as an officer or director of a public company.
Honestly, that might not be the worst thing in the world. The dude clearly needs to step back a bit and get some sleep.
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Old 09-27-2018, 04:15 PM   #2315
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If you're asking what the punishment might be, it sounds like they could ban him from being an executive with any public company (like Tesla).

https://www.bloomberg.com/news/artic...ocket-jml0ca0m

Honestly, that might not be the worst thing in the world. The dude clearly needs to step back a bit and get some sleep.
Man I’ve apparently paid zero attention. So the SEC dinged him for not disclosing shareholder activity?

I didn’t think the SEC filed lawsuits. I thought they levied criminal charges.

RE: Musk. Yeah. I watched him on the Joe Rogan Podcasr and he looked and sounded like he’ll.
Last edited by Buehler445; 09-27-2018 at 04:16 PM.. Reason: Christ. I could **** yo a wet dream.
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Old 09-27-2018, 04:17 PM   #2316
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Man I’ve apparently paid zero attention. So the SEC dinged him for not disclosing shareholder activity?

I didn’t think the SEC filed lawsuits. I thought they levied criminal charges.

RE: Musk. Yeah. I watched him on the Joe Rogan Podcasr and he looked and sounded like he’ll.
Oh. No. I assumed you'd heard about him being an idiot' He tweeted this a while back:




He, in fact, did not have funding secured. So they're going after him for misleading shareholders.
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Old 09-27-2018, 04:17 PM   #2317
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Did Elon Musk just sign with the Panthers?

Edit: Oh, sure. Delete the erroneous quotes and make me look like a fool.
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Old 09-27-2018, 04:28 PM   #2318
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What a shame. Take Tesla away from him but leave him SpaceX.
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Old 09-27-2018, 04:30 PM   #2319
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Oh. No. I assumed you'd heard about him being an idiot' He tweeted this a while back:




He, in fact, did not have funding secured. So they're going after him for misleading shareholders.
Oh. Thanks. For some damn reason I thought it was already done. I am obviously the dumbest bastard that ever lived.

That will set an interesting precedent if the SEC wins the suit.

CEOs personal social media acts as a formal company communication? That’s .... rough man. I pretty much agree in this specific instance, but still that’s an interesting precedent. So if Satya Nadella posts a picture of him eating an apple for breakfast can the SEC say he intended to show that they are taking over apple and when they don’t SEC can tune him up?

Like I said, I think In this case I agree, but it’s a precedent that could get freaking weird man.

****ing Twitter. LOL
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Old 09-27-2018, 04:30 PM   #2320
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Honestly, that might not be the worst thing in the world. The dude clearly needs to step back a bit and get some sleep.
Yeah, it seems like he's burned out and become pretty erratic. It's too bad he didn't have a board that would've forced him to bring in help with operations.

Buehler - I think criminal cases get referred over to the DOJ. The SEC is civil cases*

edit: wanted to add. I imagine that's on purpose because it's easier to win civil cases? Finance, insider trading and intent is hard enough to prove already
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Old 09-27-2018, 04:32 PM   #2321
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Yeah, it seems like he's burned out and become pretty erratic. It's too bad he didn't have a board that would've forced him to bring in help with operations.

Buehler - I think criminal cases get referred over to the DOJ. The SEC is civil cases
Right on. I was all the way wrong on that.
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Old 09-29-2018, 04:51 PM   #2322
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Guess he changed his mind. Musk steps down as chairman (but will stay on as CEO) and pays a $20 million fine. Tesla pays another $20m and will appoint two new independent directors. Board committee will also be formed to oversee his communications.

https://money.cnn.com/2018/09/29/tec...ent/index.html

Again, this might be for the best, so even as a fan of his, I'm fine with it.
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Old 09-29-2018, 04:57 PM   #2323
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Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
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Old 09-29-2018, 05:00 PM   #2324
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Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
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Old 09-29-2018, 05:04 PM   #2325
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To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
No, that math only works if someone has a $50K net worth.

Your point is taken. But I’m sure it’s still a shit check to write because you’re too undisciplined to operate Twitter.
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