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  1. #1
    Administrator Unboxxed's Avatar
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    Elon Musk Terminates Twitter Deal

    This just in:

    Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, saying the company has made “misleading representations” as part of the deal.

    July 8, 2022 - BREAKING: Elon Musk Terminates Twitter Deal
    The two most important days in your life are the day you were born and the day you find out why. - Mark Twain

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    - Henry David Thoreau

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  2. #2
    Senior Member ResidentEvil7's Avatar
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    Re: Elon Musk Terminates Twitter Deal

    I heard. And I'm disappointed because what about Trump and free speech in time for the next upcoming elections? So the liberals won this battle-- DAMN!
    It's a man's world and we need to take it by the throat and make it give us what we desire.

  3. #3
    Senior Member mgtower's Avatar
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    Re: Elon Musk Terminates Twitter Deal

    Smart man!

    Now the stockholders know something's wrong and will cause panic selling, crash the stock, then Leon sweeps in for pennies on the dollar, acquiring it when it hits rock bottom! The ole bag over the head, punch in the face!
    Corruption, like low tide, lowers all boats and smashes their hulls on the rocks.

  4. #4
    Super Moderator Mr Wombat's Avatar
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    Re: Elon Musk Terminates Twitter Deal

    Quote Originally Posted by mgtower View Post
    Now the stockholders know something's wrong and will cause panic selling, crash the stock, then Leon sweeps in for pennies on the dollar, acquiring it when it hits rock bottom! The ole bag over the head, punch in the face!
    We can only hope.

  5. #5
    Junior Member ftdjc1's Avatar
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    Re: Elon Musk Terminates Twitter Deal

    This makes perfect sense. Say what you want about Elon Musk, he didn't get to where he is by being an idiot.

    If you read articles concerning this in the last 24 hours, you'll find one or two that mention he 'waived due diligence' to get the deal through. But, his attorneys put in several weasel clauses, like the material 'misleading statements'.

    Twitter is between a rock and a hard place. Either they stonewalled Musk, and the shareholder lawsuits will bankrupt them for spiking the deal; or they lied to the SEC, and the SEC is going to kill them. They really have no choice but to sue Musk for breach.

    And that is the point.

    Once the lawsuit is filed, that magical activity called discovery takes place. Twitter says they complied, Musk says they did not. Now we find out what really happened. Twitter can no longer hide or drag their feet providing information. They can claim they gave Musk everything he asked for, but now they have to prove it to a judge's satisfaction. And my money is on Musk's hideously overpaid attorneys forcing Twitter to provide every detail as if they were explaining it to a retarded five year old.

    Get some popcorn. The next few months should be fun to watch.


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