Elon Musk offers to buy Twitter for $54.20 a share, saying it needs to be 'transformed as private company' https://t.co/xbhw4tJZQ3— CNBC (@CNBC) April 14, 2022
Most shares are held by institutional investors who can only re-balance their positions every quarter or so. This is fucked up levels of fucked up finance law breaking though.
This current stunt by Eton is flagrantly violating multiple SEC statutes by a majority shareholder. If the Attorney General Garland wanted to, he could have Musk thrown in a DOJ lockup facility in Dallas/Ft. Worth within the hour. He won't though.
Not anymore, they've sentenced him for inflating the worth of Tesla shares in the past, up to the point where he wasn't allowed to tweet without consulting a lawyer first. ofc he very publicly ignored that and nothing happened.
Lmao even if they did enforce that, got to love that being a rich person violating laws means the only consequences are having to pinky swear you'll try harder not to next time
And if he's saying he plans to buy the whole thing up they know that's gonna raise the price even more so if he wants all those shares he's gonna pay a hefty premium cause they all know he wants them now. Assuming he's not just trying to manipulate the price for a pump and dump. Get retail and other investors in thinking it's gonna be a quick buck then he sells everything at the higher price leaving all the new investors holding the losses. It's like, stock manipulation 101.
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Most shares are held by institutional investors who can only re-balance their positions every quarter or so. This is fucked up levels of fucked up finance law breaking though.
This current stunt by Eton is flagrantly violating multiple SEC statutes by a majority shareholder. If the Attorney General Garland wanted to, he could have Musk thrown in a DOJ lockup facility in Dallas/Ft. Worth within the hour. He won't though.
deleted by creator
Not anymore, they've sentenced him for inflating the worth of Tesla shares in the past, up to the point where he wasn't allowed to tweet without consulting a lawyer first. ofc he very publicly ignored that and nothing happened.
Lmao even if they did enforce that, got to love that being a rich person violating laws means the only consequences are having to pinky swear you'll try harder not to next time
And if he's saying he plans to buy the whole thing up they know that's gonna raise the price even more so if he wants all those shares he's gonna pay a hefty premium cause they all know he wants them now. Assuming he's not just trying to manipulate the price for a pump and dump. Get retail and other investors in thinking it's gonna be a quick buck then he sells everything at the higher price leaving all the new investors holding the losses. It's like, stock manipulation 101.
deleted by creator