nocoiner

44 ms·

751.
by nocoiner 4y ago
Insufficient data. Do I get a preferred return on my investment? What does the sponsor’s promote look like? What’s the fee structure? These are the first few threshold economic questions that need to be answered before I could even begin to
752.
by nocoiner 4y ago
Given the initial customer of the GPS system, I would have thought full coverage of the USSR would have been a top priority.
753.
by nocoiner 4y ago
The contract is linked in the article. Taking a quick look at it, it does appear that the county considered the possibility and there are termination provisions in the contract that are applicable here. I think there’s a very high probabili
754.
by nocoiner 4y ago
But what I think you disregard is the practitioner’s preference to copy and paste arises because either that’s specific language that has either been litigated and a court has ruled on what those words mean (to that court anyway), or you’re
755.
by nocoiner 4y ago
There is very, very little chance a California court would rule the way you imagine.
756.
by nocoiner 4y ago
Well said! He flawlessly executed on a bear hug acquisition strategy. Unfortunately… he turned out not to be the bear.
757.
by nocoiner 4y ago
Missed this the other day - brilliant comparison!
758.
by nocoiner 4y ago
> The financing docs don’t costs hundreds of kilobucks, more like an outrageous 20K or so (with the investors’ lawyers’ bill coming out of proceeds — scandalous, as that’s what the 2% management fee is for!). An acquisition can cost a lo
759.
by nocoiner 4y ago
> I really can't believe he didn't put any escape clauses in his contract, no due dilligence, etc. I think he's very smart in general but this mistake is pretty much colossal in size. As an almost ironclad rule, acquisitio
760.
by nocoiner 4y ago
Well, yes. After he presented an acquisition agreement to the Twitter board of directors and presented them with a committed financing package, the Twitter board literally could not refuse Musk’s without spending the rest of their lives in
761.
by nocoiner 4y ago
His financing was committed at the time he signed the merger agreement, and the banks that agreed to lend it were pretty tightly committed to the deal. They also have their own separate legal exposure and risk to their franchises if they re
762.
by nocoiner 4y ago
He also would have owed fiduciary duties to the TSLA stockholders if he were a director. I think this, and not the D&O questionnaire, was the primary reason he turned down the board seat. No more pumps and dump with TSLA stock or playin
763.
by nocoiner 4y ago
I’m lawyer for private companies, though very rarely for VC-backed companies, and to my paranoid mind, the SAFE is at the end of the day not really much more than a term sheet on a handful of key economic terms. Which, in a high trust envir
764.
by nocoiner 4y ago
This is a concise articulation of something that’s been nagging me for a while. I have his free articles in my RSS feed, but for a while I’ve been noticing that the gems of analysis are few and far between, and increasingly outweighed by th
765.
by nocoiner 4y ago
If you felt that way about that issue, never ever look up the other single-topic issue they put out a decade or so ago about code and programming. The design of that one would probably make your head explode.
766.
by nocoiner 4y ago
>So my Q which this article did not even touch on, is whether the Federal Reserve is a public entity (so its profits go to US treasury and not some island somewhere), and if it is not, why not? I believe you are conflating the Federal Re
767.
by nocoiner 4y ago
I get all of this at some level, but the piece I don’t understand is - where does the Treasury bill come from? Does the bank use its customers’ cash to purchase government securities, and then the Fed buys the government securities from the
768.
by nocoiner 4y ago
There’s plenty of jurisdiction here. Assuming that there’s an indictable offense here, all SBF has to do is connect through the wrong airport one time at some point during the rest of his life, and he’ll find himself back in the US.
769.
by nocoiner 4y ago
That’s really interesting. Seems, though, like there are two elements missing that would really tie this down (and maybe details of these elements have subsequently emerged in recent days or will emerge): 1. Shouldn’t the FTX.us president’s
770.
by nocoiner 4y ago
Why is that an incredible investment opportunity? Something like ~53% of the voting power is owned or controlled by Zuck, and there’s no indication that he has any plans to meaningfully return money to shareholders,* rather than continuing
771.
by nocoiner 4y ago
I will bet you cash money that this is one CEO you’ll see in prison. This is like 10x as bad as anything Elizabeth Holmes did, and as far as I know, she wasn’t tweeting real time as the walls were closing in on her.
772.
by nocoiner 4y ago
That’s actually just a tiny, tiny subset of the overall Enron corporate structure. The chart you linked just shows the capitalization and ownership of one of the off-balance sheet structures that Enron used to conceal debt. This structure w
773.
by nocoiner 4y ago
Because what’s happening here is “Tesla remedies manufacturing defect in accordance with law.” That’s how recalls work. I think OTA recall implementations are a terrific innovation, and far better than the old system of taking your car to a
774.
by nocoiner 4y ago
I mean, he was “forced” to buy Twitter after he signed a binding agreement to buy Twitter. So if he didn’t want it, the time to figure that out was before signing on the dotted line.
775.
by nocoiner 4y ago
Omg, that’s what I interpreted it to mean when I read the most recent Twitter app patch notes, but I thought surely there was no way the implementation could be that stupid because that is quite evidently the dumbest fucking thing I’ve ever
776.
by nocoiner 4y ago
Who could have predicted that Elon Musk’s latest persona would be a less interesting and thinner-skinned reincarnation of Lowtax.
777.
by nocoiner 4y ago
OK. What do you do in the United States where every state (and territory and the federal administrative district) has its own company register? Or where a vast number of businesses are sole proprietorships that have registered their trade n
778.
by nocoiner 4y ago
I think he was referring to restarting the F-22 production line.
779.
by nocoiner 4y ago
Wow, had no idea that was the case for IRIX. Learn something new every day.
780.
by nocoiner 4y ago
Normally I’d agree with you, but here’s where I think perpetual voting control by Zuck fatally undermines that investment thesis. If he were content to manage a stable (or declining) company and throw off cash to his shareholders for the ne

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