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I think he is saying this because of the risk of his going to jail. If it comes out that he was bluffing, statements he made could very well be considered secur
by jnmandal 8y ago
I think he is saying this because of the risk of his going to jail. If it comes out that he was bluffing, statements he made could very well be considered securities fraud since it amounted to an announcement on a public forum and he had cited a specific price. So by reiterating in an official press release that he had adequate funding but just chose not to do it, there's kind of a supporting evidence to defend himself against any SEC investigations.
- Robotbeat 8y agoFined at worst. Jail is absurd unless he, like, sold a bunch of shares at the top or something (which he didn't).
- karpodiem 8y agoMartin Shkreli is serving seven years in prison for less.
- craftyguy 8y agoMeanwhile Brian Krzanich is wandering around as free as a coconut on open water after selling as much as he legally could right before the spectre/meltdown announcement.
- slivym 8y agoIt's very difficult to say that what Krzanich did was related to Spectre/Meltdown given what we now know was going on. It seems a lot more likely he was lining up his position to resign.
- ThrustVectoring 8y agoMartin Shkreli is also much more hate-able, less charismatic, and less wealthy. It shouldn't make a difference, but it does.
- hawkice 8y agoElon Musk has an obvious technical competence that's very appealing to those who appreciate those skill sets. It's like Paul Graham -- when you listen to him speak, he's mostly soft-spoken and measured (I have no explanation for Musk's Twitter, which seems much more... hyperbolic). It's clear to me this isn't charisma exactly -- he doesn't strike me as charming, just like he cares a lot about understanding his businesses in tremendous detail. You're absolutely right that this shouldn't matter. But since charisma _does_ matter, the SEC just has to paint him as an angry anorak trying to punish short sellers. I don't think that picture is hard to paint (I can't see into his mind, so obviously I have no idea if it has even the smallest element of truth).
- thaumaturgy 8y agoShkreli is serving that time primarily because he was an unrepentant arrogant ass. He had several opportunities to let people forget about him, but he kept marching back and forth in front of the firing squad telling them all what idiots they were.
- slededit 8y agoJustice was never blind, but I do find it disturbing we've lost all pretense.