4 ms·
I also don't think pumping up stock price to avoid a convertible bond conversion is fraud. And of course OJ is innocent too.
by dixie_land 8y ago
I also don't think pumping up stock price to avoid a convertible bond conversion is fraud. And of course OJ is innocent too.
- karpodiem 8y agolol
- zaroth 8y agoThis is clearly not what happened, and never was planned to happen. The bonds don’t convert for another year. You don’t send a tweet about something that will immediately have a thousand people banging down your door for answers and expect it to move the stock price a year later. There was zero personal financial incentive for Musk to deceive with the tweet. As it happens, the criminal statute requires that a purchase or sale of securities takes place, so I can’t see how it applies.