4 ms·

He had planned it including a communication to the board. he had talked to at least 1 investor plus himself so felt he could round up the funding. His other com

by pbreit 8y ago

He had planned it including a communication to the board. he had talked to at least 1 investor plus himself so felt he could round up the funding. His other company has overcome the shareholder limit. He said he was “considering” it. It was twitter. Shareholders are much better with him at the helm. Etc, etc.

jonathankoren 8y ago
This is simply not true. Having a hunch you can get some money, is not securing funding. This is just like when Bart Simpson tells Milhouse he can read lips, and then admits he doesn't know what's being said. ("I thought you said you could read lips!" "I thought I could!")[0] It's fraud. He said "funding secured" after an initial 30 minute chat. That's not a deal. That's not even a verbal agreement to make an LOU. He also did this without telling anyone on the board. The SEC even released text messages from the board and staff that directly asked him after his tweet "Is this true?" Asserting shareholders are better with him, is highly debatable. He has run 3 companies simultaneously, put his brother in charge of one, and then when it started to fail, bailed it out with a merger with one of his other companies, then promptly spun up a third company because apparently he has to have three. The celebrated car company has serious logistics and manufacturing problems, and is deeply in debt, and doesn't make a profit. Ironically, what might be his most successful venture isn't even public. [0] https://deadhomersociety.com/2013/06/18/quote-of-the-day-1552/ https://deadhomersociety.com/2013/06/18/quote-of-the-day-155...
- pbreit 8y ago
  I'm not sure why anyone would think a tweet that included "considering" would constitute a "deal". The tweet came from IR, not the board. The board had been apprised of his considerations.

4 ms·

He had planned it including a communication to the board. he had talked to at least 1 investor plus himself so felt he could round up the funding. His other com

by pbreit 8y ago

jonathankoren 8y ago
This is simply not true. Having a hunch you can get some money, is not securing funding. This is just like when Bart Simpson tells Milhouse he can read lips, and then admits he doesn't know what's being said. ("I thought you said you could read lips!" "I thought I could!")[0] It's fraud. He said "funding secured" after an initial 30 minute chat. That's not a deal. That's not even a verbal agreement to make an LOU. He also did this without telling anyone on the board. The SEC even released text messages from the board and staff that directly asked him after his tweet "Is this true?" Asserting shareholders are better with him, is highly debatable. He has run 3 companies simultaneously, put his brother in charge of one, and then when it started to fail, bailed it out with a merger with one of his other companies, then promptly spun up a third company because apparently he has to have three. The celebrated car company has serious logistics and manufacturing problems, and is deeply in debt, and doesn't make a profit. Ironically, what might be his most successful venture isn't even public. [0] https://deadhomersociety.com/2013/06/18/quote-of-the-day-1552/ https://deadhomersociety.com/2013/06/18/quote-of-the-day-155...
- pbreit 8y ago
  I'm not sure why anyone would think a tweet that included "considering" would constitute a "deal". The tweet came from IR, not the board. The board had been apprised of his considerations.