TSLA what a joke

[Daal]

It took the SEC 3 years to charge Elizabeth Holmes at Theranos with anything.
Now that was fraud.

So if history is any guide... by the the time Elon is called to the floor on this... the Justice Department will need an extradition treaty with Mars. And you know what that means....
.....a contract with SpaceX.

lol, thats hilarious

 

[schweiz]

Well, lawyers will have fun with this but from my perspective, more than a LOI (which is a worthless piece of non-binding paper) the Saudis bought $2B worth of stock. They put some money where their mouth was, skin in the game, to me this matters way more than a 2 page word document

It is no engagement at all. Only a legally binding contract and proof of sufficient funds is valid.
If the Saudi's would take care of the secured funding it would have been written down. But it was clearly not.

Following your logic Buffett wants to take Apple of the market as he bought for billions stocks.

 

[newwurldmn]

He had funding in the form of a huge fund willing to invest. Where is the manipulation? He did say he was `considering` and shareholders had to vote for it (including the mutual funds, whether for or against it) This is the kind of thing lawyers and judges will have fun, whether a verbal agreement constitutes a "secured" funding source. But to think that the board or shareholders will stop supporting him because of a technicality like this is huge stretch

“Secured funding” has a meaning. He said it publicly. He doesn’t have secured funding. He claimed that he would burn the shorts. He lied to burn the shorts.

Everyone will have a field day except the lawyer defending him.