Elon Musk sent a letter today to Twitter ending the agreement to purchase the company based on what Musk believes to be deal terminating issues. An attorney for Elon Musk sent a letter to the Twitter board Friday informing them of Musk’s intention to terminate his $44 billion buyout of Twitter due to alleged lies about the number of bots, spam accounts and other issues. Musk has not directly commented on the termination as of publication of this article. UPDATE: … Continue reading
Musk shared in his letter to Twitter: Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement). TRENDING: Elon Musk Sends Letter to Twitter Terminating $44 Billion Buyout Bid …UPDATE: Twitter to Sue to Enforce Deal
As TGP mentioned before, messing with the SEC is like messing with Sasquatch. You best not do it.
Filings with the SEC must be perfect. To misrepresent numbers or assertions in the filings is a very big deal. Companies have gone bankrupt for doing so. This was explained in a prior post. TWITTER FACES FINANCIAL NIGHTMARE – Must Prove It Didn’t Lie in SEC Filings About Only 5% Bots – Elon Musk Is Waiting – Newsweek Reports Biden Account May Be 50% Bots (Having overseen the financial reporting for a billion-dollar entity, this comes with some experience, never report bad numbers to the SEC. Ever. Investors depend on numbers filed with the SEC and false or fake numbers can impact their decisions. Investors could use this against the company if the stock […]
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!