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The upside to GS for Tesla to issue stock 3% higher is pretty minuscule, if anything (GS probably priced their take at a 20 day trailing average price, or whate
by xadhominemx 10y ago
The upside to GS for Tesla to issue stock 3% higher is pretty minuscule, if anything (GS probably priced their take at a 20 day trailing average price, or whatever). The downside is enormous, and compliance and the SEC are crawling over the place. Plus, the issuance is going to take place at whatever price investors think the stock is worth. If investors think there's a big conflict of interest, they'll price that in.
- ForHackernews 10y ago> the SEC Hahaha, that's a good one! As though investment banks are afraid of regulators[0]. [0] http://www.thisamericanlife.org/radio-archives/episode/536/the-secret-recordings-of-carmen-segarra http://www.thisamericanlife.org/radio-archives/episode/536/t...
- tomp 10y ago> The downside is enormous Like what, exactly? I mean, it's not like they'd have to pay a massive fine or go to jail.