3 ms·

> you think this lets him get off clean? My words were "slap on the wrist." I think only having to pay $1B instead of $46.5B meets the criteria. > something

> you think this lets him get off clean? My words were "slap on the wrist." I think only having to pay $1B instead of $46.5B meets the criteria. > something he should have argued in his letter That's Levine's analysis of, "if the banks don’t put up their $13 billion then he doesn’t have to put up his $33.5 billion". Going by Levine's "Exhibit E", I find it hard to believe that the banks generated this much verbiage without a single escape hatch: https://www.sec.gov/Archives/edgar/data/0001418091/000110465922049844/tm2213189d8_ex99-h.htm https://www.sec.gov/Archives/edgar/data/0001418091/000110465... > gets a class designated of all Twitter holders Yes. I understand how class action works. If Twitter were a normal company, that's what one would (correctly) expect to happen. But it isn't. I think Twitter would take on a class action before airing its dirty laundry.

mlyle 4y ago
> My words were "slap on the wrist." I think only having to pay $1B instead of $46.5B meets the criteria. The real wobble is about $19B-- the difference between Twitter's market value and the acquisition offer. I think it is likely Elon pays well in excess of $1B, but maybe captures a little bit of that $19B for himself. > That's Levine's analysis of, "if the banks don’t put up their $13 billion then he doesn’t have to put up his $33.5 billion". Yah, and getting the banks to walk and then trying to walk from the deal would be a way to try and pay only $1B. The problem is, he's walked before the banks.