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You presume incorrectly. Any coordination would make Elon and his allies a “group” which would mean they are collectively treated as an individual.
by xadhominemx 5y ago
You presume incorrectly. Any coordination would make Elon and his allies a “group” which would mean they are collectively treated as an individual.
- ceejayoz 5y agoHow do you prove people are in a group of this nature?
- xadhominemx 5y agoYou check to see if they are communicating.
- ceejayoz 5y agoHow do you that without a search warrant?
- rootusrootus 5y agoAsk, I guess. The people doing the communicating are perhaps committing fraud and endangering their own wealth and freedom if they lie. I'm willing to bet the SEC has regulations that apply to this situation already.
- deleted 5y ago[deleted]
- xadhominemx 5y agoIf three large shareholders came in with a similar agenda but did not disclose group status, the SEC would investigate. First, the SEC would request that they turn over communications records. 99.9% of the time, they would. If they didn’t, the SEC would seek a warrant.