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Elon backs out of twitter deal

https://twitter.com/disclosetv/status/1525052194084556801
Sapphire internal respiration
  05/13/22
Can someone review the closing conditions ? https://www.s...
Beta Bonkers Station Ceo
  05/13/22
When do you need this by? Want to make sure im prioritizi...
Flatulent tan point
  05/13/22
...
Glittery Theatre Trust Fund
  05/13/22
...
Pearly associate
  05/13/22
...
shaky aqua step-uncle's house
  05/13/22
...
Crawly floppy idea he suggested
  05/13/22
...
Marvelous chad
  05/13/22
...
Odious macaca
  05/13/22
...
Beta Bonkers Station Ceo
  05/13/22
Oh for fucks sake man not this early in the morning
avocado rigor
  05/13/22
...
Know-it-all stock car
  05/13/22
...
exciting stag film blood rage
  05/13/22
...
iridescent business firm
  05/13/22
...
poppy trip hall keepsake machete
  05/13/22
Not a rush but early PM would be great. Please bill to clien...
transparent legend space
  05/13/22
...
Mildly Autistic Principal's Office
  05/13/22
...
vigorous locus
  05/13/22
...
Odious macaca
  05/13/22
...
Pale Coffee Pot
  05/13/22
Would it be troll if I used this line as a summer asssociate...
lascivious massive hominid dilemma
  05/13/22
...
salmon resort
  05/13/22
...
translucent area
  05/13/22
"Can't" get the debt is the way out
gaped ladyboy
  05/13/22
Severely misstated user #'s would be a company MAE. [as a...
Crawly floppy idea he suggested
  05/13/22
Bonus!
Fantasy-prone tanning salon
  05/13/22
Company Material Adverse Effect” means any change, eve...
Beta Bonkers Station Ceo
  05/13/22
WRONG. Nothing to do with a MAC. Try again.
translucent area
  05/13/22
Oh, I guess you are right since it is existing info. Just a ...
Crawly floppy idea he suggested
  05/13/22
You are now on the right track. How about some analysis, ma...
translucent area
  05/13/22
OK. I've got some other deliverables I owe to [Partner X, wh...
Crawly floppy idea he suggested
  05/13/22
Lol at anyone on this deal saying that. You’d be fire...
translucent area
  05/13/22
A win for me, then.
Crawly floppy idea he suggested
  05/13/22
Fair. Maybe you wouldn’t given how precious corporate...
translucent area
  05/13/22
[In a real work scenario, I would not share a half-cocked + ...
Crawly floppy idea he suggested
  05/13/22
...
exciting stag film blood rage
  05/13/22
I anticipate completion by [time I think you won't be awake/...
Aromatic Sinister School Cafeteria Liquid Oxygen
  05/13/22
That time does not exist for me. I am certain to reply to e...
translucent area
  05/13/22
How? Do you not get REM sleep?
Aquamarine queen of the night
  05/13/22
Chuck Norris does not sleep, he lies in wait.
translucent area
  05/13/22
*eyes bug out of head*
Slate doctorate
  05/13/22
Ohh you’re such a tough, hard-nosed litigator and not ...
Irate sienna abode therapy
  05/13/22
They uniformly fantasize about garroting your bloated neck
diverse sooty cuckoldry
  05/13/22
...
iridescent business firm
  05/13/22
...
Pale Coffee Pot
  05/13/22
Ordinary course of business covenant? From AB Stable VI...
lascivious massive hominid dilemma
  05/13/22
No
translucent area
  05/13/22
Elon's priority far above all else is staying in the news at...
cerebral zippy dingle berry
  05/13/22
He is a business magnet.
Flatulent tan point
  05/13/22
He's a diaper.
Pearly associate
  05/13/22
🤔
exciting stag film blood rage
  05/13/22
...
wonderful indian lodge
  05/13/22
📈 🧲
citrine masturbator police squad
  05/13/22
This is CR. He did the same with crypto. 1. Acts supre...
Emerald fragrant church building striped hyena
  05/13/22
He has more Twitter followers than Trump did when he was kic...
exciting stag film blood rage
  05/13/22
...
chartreuse nowag
  05/13/22
...
High-end degenerate
  05/13/22
...
Crawly floppy idea he suggested
  05/13/22
To be fair, LOL @ anyone who thinks twitter traffic is <...
jet electric address affirmative action
  05/13/22
cr its probably 50% bots
contagious submissive jew deer antler
  05/13/22
At the very least. I think its closer to 70% actually.
exciting stag film blood rage
  05/13/22
there are only 217mm users compared to almost 3bn on FB. I d...
iridescent business firm
  05/13/22
FB numbers are cooked too. Have you ever followed a rando...
exciting stag film blood rage
  05/13/22
The MAGA contingent is largely real.
jet electric address affirmative action
  05/13/22
yes, it’s obviously a lot harder to believe that half ...
iridescent business firm
  05/13/22
are the FB numbers counting everyone with a Whatsapp number?...
gaped ladyboy
  05/13/22
maybe IG too, who knows
iridescent business firm
  05/13/22
he’s gonna use the real number to Jew them down on the...
iridescent business firm
  05/13/22
Elon already knew about the bots and was pledging to do some...
Marvelous chad
  05/13/22
he’s not backing out, just a typical flame thread titl...
iridescent business firm
  05/13/22
Price negotiations.
Crawly floppy idea he suggested
  05/13/22
He made his bid at what might be the height of a tech bubble...
Motley Community Account
  05/13/22
Public exposure mainly, which will aid in price negotiations...
exciting stag film blood rage
  05/13/22
Staff departures have gotten to him
opaque bateful giraffe
  05/13/22
...
shaky aqua step-uncle's house
  05/13/22
...
Rambunctious sexy spot dog poop
  05/13/22
The stock market crash leading him to want to renew negotiat...
greedy parlor feces
  05/13/22
...
High-end degenerate
  05/13/22
He just wants to drive down the price be threatening to walk...
transparent legend space
  05/13/22
...
Crawly floppy idea he suggested
  05/13/22
...
180 rigpig personal credit line
  05/13/22
*Trump smiling and nodding appreciatively*
Razzle-dazzle carmine gunner
  05/13/22
Elon doesn't necessarily want Twitter, he just wants to dive...
galvanic henna church
  05/13/22
this is dumb. diversification is for pools and Twitter is a ...
iridescent business firm
  05/13/22
So, you can't read and you don't know what diversification m...
galvanic henna church
  05/13/22
Isn’t that just called diligence? And if it’s a...
Pale Coffee Pot
  05/13/22
Now someone is getting warmer. But it has nothing to do wit...
translucent area
  05/13/22
Ok since you are making it into a game I will try again. But...
Crawly floppy idea he suggested
  05/13/22
5 or 10% off on a number ain't anywhere close to MAE
gaped ladyboy
  05/13/22
It has nothing to do with a MAC/MAE. I’d fire you al...
translucent area
  05/13/22
I'm just talking about materiality not MAC/MAE.
Crawly floppy idea he suggested
  05/13/22
I replied to the pumo above you.
translucent area
  05/13/22
Oh.
Crawly floppy idea he suggested
  05/13/22
This is how you reply to counsel on the other side of the de...
translucent area
  05/13/22
you're a massive idiot and don't have the slightest clue how...
gaped ladyboy
  05/13/22
I do, and maybe I am being a bit misleading with my response...
translucent area
  05/13/22
That's a fine negotiating position, mighty fine, but this is...
Crawly floppy idea he suggested
  05/13/22
So close. Except the 5% wasn’t in the proxy. What&rs...
translucent area
  05/13/22
Thanks, not sure I'm following. Can we discuss live?
Beta Bonkers Station Ceo
  05/13/22
No.
translucent area
  05/13/22
8.1(d)(i) (termination provision) provides for notice + an o...
Crawly floppy idea he suggested
  05/13/22
You are a few steps ahead and cite a frankly irrelevant prov...
translucent area
  05/13/22
Just give us the answer already
lavender boistinker
  05/13/22
What’s the fun in that game? (Or you are a STB or WSG...
translucent area
  05/13/22
I'm inhouse so i need answers now. I can't just bill the cli...
lavender boistinker
  05/13/22
Oh I guess 6.4 (access to info), which provides: Section ...
Crawly floppy idea he suggested
  05/13/22
that’s just the mechanism for obtaining info, doesn&rs...
orchid preventive strike
  05/13/22
I think we crossed streams. See http://www.autoadmit.com/thr...
Crawly floppy idea he suggested
  05/13/22
In Section 4.6(b), Twitter & subs represent and warrant ...
Crawly floppy idea he suggested
  05/13/22
Keep trying. 4.6(a) is the 10b-5 rep.
translucent area
  05/13/22
Let me try actually reading some background instead of just ...
Crawly floppy idea he suggested
  05/13/22
it doesn't matter unless it's an MAE right?
Mint Free-loading Milk
  05/13/22
That is not my reading. Check out Section 7.2(b) (quoted ...
Crawly floppy idea he suggested
  05/13/22
18% down on the first tweet, second tweet, “committed ...
translucent area
  05/13/22
Elon could make billions if he decided to profit off his twe...
Motley Community Account
  05/13/22
He made billions on DOGE
lavender boistinker
  05/13/22
This is the fascinating aspect of it. Every word Musk sa...
Bat-shit-crazy azn
  05/13/22
...
Crawly floppy idea he suggested
  05/13/22
Can't you get into trouble for that?
Turquoise Circlehead Corner
  05/13/22
We don't know man, what is this a law board?
cerebral zippy dingle berry
  05/13/22
No law school admissions. We're all prospective students.
Turquoise Circlehead Corner
  05/13/22
No one knows. If it involves his companies, yes, theoretica...
Pale Coffee Pot
  05/13/22
lobbing in tweets like mortars to move the price
crusty khaki theater
  05/13/22
lol there is zero chance bots comprise only 5% of active use...
angry big-titted idiot
  05/13/22
It’s likely 50-70%
Tripping Casino Dopamine
  05/13/22
...
vibrant cruise ship
  05/13/22
...
stimulating shrine philosopher-king
  05/13/22
So uh what is breach that gets him out of it? or otherwis...
Exhilarant office
  05/13/22
As you can see from the subthreads above, no one knows
lavender boistinker
  05/13/22
it's tank the financing and pay 1 billion, or claim a breach...
gaped ladyboy
  05/13/22
why is it obviously isn't? the number of bots is half of tw...
Tripping Casino Dopamine
  05/13/22
JFC. Was that true or not true the day the contract was sig...
Pale Coffee Pot
  05/13/22
twitter claims that bots are < 5% of its users. its a ri...
Tripping Casino Dopamine
  05/13/22
So you don’t know what an MAE is? It needs to be somet...
Pale Coffee Pot
  05/13/22
How do these two things interact?
translucent area
  05/13/22
(Wesley R. Johnson)
Crawly floppy idea he suggested
  05/13/22
...
Laughsome Kitchen
  05/13/22
...
shaky aqua step-uncle's house
  05/13/22
...
Pale Coffee Pot
  05/13/22
...
wonderful indian lodge
  05/13/22
Can’t believe it took this long for the meme to appear...
translucent area
  05/13/22
...
Walnut juggernaut
  05/13/22
What if it was him the whole time?
Pale Coffee Pot
  05/13/22
...
Motley Community Account
  05/16/22
hopefully just posturing
bronze hospital puppy
  05/13/22
Free speech Twitter actually sounds like it could be pretty ...
Heady flushed stain mood
  05/13/22
Literally the only reason XO hangs on by a thread is because...
Pale Coffee Pot
  05/13/22
obviously the solution is free speech but allow users to set...
Tripping Casino Dopamine
  05/13/22
...
bronze hospital puppy
  05/13/22
...
orchid preventive strike
  05/13/22
Can't control the top-down narrative that way hoss
Exhilarant office
  05/13/22
Rate this analysis. I get the sense the author doesn't know ...
swashbuckling autistic national security agency
  05/14/22
His analysis is underbaked and far too general. He tries to ...
Crawly floppy idea he suggested
  05/14/22
So do a better one (agree with the assessment of his). How ...
translucent area
  05/14/22
You are giving the guy on Twitter a favorable review?
swashbuckling autistic national security agency
  05/14/22
It's too much work for this forum; as you say, would need to...
Crawly floppy idea he suggested
  05/16/22


Poast new message in this thread



Reply Favorite

Date: May 13th, 2022 6:19 AM
Author: Sapphire internal respiration

https://twitter.com/disclosetv/status/1525052194084556801

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504257)



Reply Favorite

Date: May 13th, 2022 6:39 AM
Author: Beta Bonkers Station Ceo

Can someone review the closing conditions ?

https://www.sec.gov/Archives/edgar/data/1418091/000119312522120474/d310843ddefa14a.htm

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504270)



Reply Favorite

Date: May 13th, 2022 7:06 AM
Author: Flatulent tan point

When do you need this by?

Want to make sure im prioritizing your needs correctly.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504303)



Reply Favorite

Date: May 13th, 2022 7:09 AM
Author: Glittery Theatre Trust Fund



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504308)



Reply Favorite

Date: May 13th, 2022 7:13 AM
Author: Pearly associate



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504316)



Reply Favorite

Date: May 13th, 2022 7:21 AM
Author: shaky aqua step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504321)



Reply Favorite

Date: May 13th, 2022 8:09 AM
Author: Crawly floppy idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504417)



Reply Favorite

Date: May 13th, 2022 8:09 AM
Author: Marvelous chad



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504418)



Reply Favorite

Date: May 13th, 2022 8:16 AM
Author: Odious macaca



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504442)



Reply Favorite

Date: May 13th, 2022 8:21 AM
Author: Beta Bonkers Station Ceo



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504452)



Reply Favorite

Date: May 13th, 2022 8:21 AM
Author: avocado rigor

Oh for fucks sake man not this early in the morning

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504455)



Reply Favorite

Date: May 13th, 2022 10:14 AM
Author: Know-it-all stock car



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504898)



Reply Favorite

Date: May 13th, 2022 8:21 AM
Author: exciting stag film blood rage



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504456)



Reply Favorite

Date: May 13th, 2022 8:23 AM
Author: iridescent business firm



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504465)



Reply Favorite

Date: May 13th, 2022 8:35 AM
Author: poppy trip hall keepsake machete



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504500)



Reply Favorite

Date: May 13th, 2022 8:40 AM
Author: transparent legend space

Not a rush but early PM would be great. Please bill to client dev.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504522)



Reply Favorite

Date: May 13th, 2022 12:46 PM
Author: Mildly Autistic Principal's Office



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505874)



Reply Favorite

Date: May 13th, 2022 2:45 PM
Author: vigorous locus



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506520)



Reply Favorite

Date: May 13th, 2022 3:56 PM
Author: Odious macaca



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506957)



Reply Favorite

Date: May 13th, 2022 9:01 AM
Author: Pale Coffee Pot



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504563)



Reply Favorite

Date: May 13th, 2022 9:43 AM
Author: lascivious massive hominid dilemma

Would it be troll if I used this line as a summer asssociate?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504703)



Reply Favorite

Date: May 13th, 2022 10:14 AM
Author: salmon resort



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504905)



Reply Favorite

Date: May 13th, 2022 7:07 AM
Author: translucent area



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504306)



Reply Favorite

Date: May 13th, 2022 7:12 AM
Author: gaped ladyboy

"Can't" get the debt is the way out

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504313)



Reply Favorite

Date: May 13th, 2022 8:07 AM
Author: Crawly floppy idea he suggested

Severely misstated user #'s would be a company MAE.

[as a bonus, if Twitter misstated materially its user #'s in past filings, there will likely be a class action suit.]

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504413)



Reply Favorite

Date: May 13th, 2022 8:21 AM
Author: Fantasy-prone tanning salon

Bonus!

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504454)



Reply Favorite

Date: May 13th, 2022 8:21 AM
Author: Beta Bonkers Station Ceo

Company Material Adverse Effect” means any change, event, effect or circumstance which, individually or in the aggregate, has resulted in or would reasonably be expected to result in a material adverse effect on the business, financial condition or results of operations of the Company and its Subsidiaries, taken as a whole; provided, however, that changes, events, effects or circumstances which, directly or indirectly, to the extent they relate to or result from the following shall be excluded from, and not taken into account in, the determination of Company Material Adverse Effect: (i) any condition, change, effect or circumstance generally affecting any of the industries or markets in which the Company or its Subsidiaries operate; (ii) any change in any Law or GAAP (or changes in interpretations of any Law or GAAP); (iii) general economic, regulatory or political conditions (or changes therein) or conditions (or changes therein) in the financial, credit or securities markets (including changes in interest or currency exchange rates) in the United States or any other country or region in the world; (iv) any acts of God, force majeure events, natural disasters, terrorism, cyberattack, data breach, armed hostilities, sabotage, war or any escalation or worsening of any of the foregoing; (v) any epidemics, pandemics or contagious disease outbreaks (including COVID-19) and any political or social conditions, including civil unrest, protests and public demonstrations or any other COVID-19 Measures that relate to, or arise out of, an epidemic, pandemic or disease outbreak (including COVID-19) or any change in such COVID-19 Measures, directive, pronouncement or guideline or interpretation thereof, or any continuation or of any of the foregoing, in the United States or any other country or region in the world; (vi) the negotiation, execution, announcement, performance, consummation or existence of this Agreement or the transactions contemplated by this Agreement, including (A) by reason of the identity of Elon Musk, Parent or any of their Affiliates or their respective financing sources, or any communication by Parent or any of its Affiliates or their respective financing sources, including regarding their plans or intentions with respect to the conduct of the business of the Company or any of its Subsidiaries and (B) any litigation, claim or legal proceeding threatened or initiated against Parent, Acquisition Sub, the Company or any of their respective Affiliates, officers or directors, in each case, arising out of or relating to the this Agreement or the transactions contemplated by this Agreement, and including the impact of any of the foregoing on any relationships with customers, suppliers, vendors, collaboration partners, employees, unions or regulators; (vii) any action taken pursuant to the terms of this Agreement or with the consent or at the direction of Parent or Acquisition Sub (or any action not taken as a result of the failure of Parent to consent to any action requiring Parent’s consent pursuant to Section 6.1); (viii) any changes in the market price or trading volume of the Company Common Stock, any failure by the Company or its Subsidiaries to meet internal, analysts’ or other earnings estimates or financial projections or forecasts for any period, any changes in credit ratings and any changes in any analysts’ recommendations or ratings with respect to the Company or any of its Subsidiaries (provided that the facts or occurrences giving rise to or contributing to such changes or failure that are not otherwise excluded from the definition of “Company Material Adverse Effect” may be taken into account in determining whether there has been a Company Material Adverse Effect); and (ix) any matter disclosed in the Company SEC Documents filed by the Company prior to the date of this Agreement (other than any disclosures set forth under the headings “Risk Factors” or “Forward-Looking Statements”).

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504457)



Reply Favorite

Date: May 13th, 2022 8:22 AM
Author: translucent area

WRONG. Nothing to do with a MAC. Try again.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504460)



Reply Favorite

Date: May 13th, 2022 8:25 AM
Author: Crawly floppy idea he suggested

Oh, I guess you are right since it is existing info. Just a material misstatement, then. (Sorry, I am particularly retarded this morning. Very tired.)



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504473)



Reply Favorite

Date: May 13th, 2022 8:29 AM
Author: translucent area

You are now on the right track. How about some analysis, maybe with citations to the relevant provisions of the merger agreement?

This took me under .5.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504489)



Reply Favorite

Date: May 13th, 2022 8:32 AM
Author: Crawly floppy idea he suggested

OK. I've got some other deliverables I owe to [Partner X, who hopefully outranks you] on the [more lucrative case]. As soon as those go out, I will flyspeck the agreement and refresh myself on the relevant points of law and send you my analysis. I anticipate completion by [time I think you won't be awake/paying attention], let me know if that doesn't work. Many thanks.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504493)



Reply Favorite

Date: May 13th, 2022 8:33 AM
Author: translucent area

Lol at anyone on this deal saying that. You’d be fired on the spot.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504495)



Reply Favorite

Date: May 13th, 2022 8:33 AM
Author: Crawly floppy idea he suggested

A win for me, then.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504497)



Reply Favorite

Date: May 13th, 2022 8:40 AM
Author: translucent area

Fair. Maybe you wouldn’t given how precious corporate associates are these days.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504520)



Reply Favorite

Date: May 13th, 2022 8:42 AM
Author: Crawly floppy idea he suggested

[In a real work scenario, I would not share a half-cocked + retarded answer and my response to your above poast would have been along the lines of, "Will do. Thanks." Even so, I am not at all built for corporate law.]

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504524)



Reply Favorite

Date: May 13th, 2022 8:41 AM
Author: exciting stag film blood rage



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504523)



Reply Favorite

Date: May 13th, 2022 9:02 AM
Author: Aromatic Sinister School Cafeteria Liquid Oxygen

I anticipate completion by [time I think you won't be awake/paying attention],

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504566)



Reply Favorite

Date: May 13th, 2022 9:27 AM
Author: translucent area

That time does not exist for me. I am certain to reply to emails from associates within 2mins almost 24/7.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504645)



Reply Favorite

Date: May 13th, 2022 9:46 AM
Author: Aquamarine queen of the night

How? Do you not get REM sleep?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504723)



Reply Favorite

Date: May 13th, 2022 9:47 AM
Author: translucent area

Chuck Norris does not sleep, he lies in wait.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504729)



Reply Favorite

Date: May 13th, 2022 1:06 PM
Author: Slate doctorate

*eyes bug out of head*

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505972)



Reply Favorite

Date: May 13th, 2022 12:21 PM
Author: Irate sienna abode therapy

Ohh you’re such a tough, hard-nosed litigator and not a fat, pathetic, childless moron! You must be so rich and happy!

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505724)



Reply Favorite

Date: May 13th, 2022 2:42 PM
Author: diverse sooty cuckoldry

They uniformly fantasize about garroting your bloated neck

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506503)



Reply Favorite

Date: May 13th, 2022 3:21 PM
Author: iridescent business firm



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506783)



Reply Favorite

Date: May 13th, 2022 5:21 PM
Author: Pale Coffee Pot



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507371)



Reply Favorite

Date: May 13th, 2022 9:55 AM
Author: lascivious massive hominid dilemma

Ordinary course of business covenant?

From AB Stable VIII LLC v. Maps Hotels and Restaurants: The ordinary course of business covenant recognizes that the buyer has contracted to buy a specific business with particular attributes that operates in an established way. Therefore, even without a change in valuation, a significant change in how the business operates can threaten the fundamentals of the deal. Provides an additional and greater level of protection to ensure that the business of the target will be substantially the same at closing as it was on the date the agreement was signed.

If MAE fails this is usually second resort to get out of the deal.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504765)



Reply Favorite

Date: May 13th, 2022 10:39 AM
Author: translucent area

No

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505051)



Reply Favorite

Date: May 13th, 2022 7:06 AM
Author: cerebral zippy dingle berry

Elon's priority far above all else is staying in the news at all times. He is a hype factory more than anything and it's how he hyped Tesla to a completely massive valuation.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504304)



Reply Favorite

Date: May 13th, 2022 7:07 AM
Author: Flatulent tan point

He is a business magnet.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504305)



Reply Favorite

Date: May 13th, 2022 7:13 AM
Author: Pearly associate

He's a diaper.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504315)



Reply Favorite

Date: May 13th, 2022 8:26 AM
Author: exciting stag film blood rage

🤔

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504479)



Reply Favorite

Date: May 13th, 2022 12:16 PM
Author: wonderful indian lodge



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505698)



Reply Favorite

Date: May 13th, 2022 7:15 PM
Author: citrine masturbator police squad

📈 🧲

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507903)



Reply Favorite

Date: May 13th, 2022 8:25 AM
Author: Emerald fragrant church building striped hyena

This is CR.

He did the same with crypto.

1. Acts supremely interested in BTC, as if he's learning about it for the first time (8 years after it was created, and he's a paypal inventor)

2. publicizes buy-in

3. Acts shocked to learn about energy consumption (months later)

4. publicly criticizes btc, crashes it

Its just nonstop manufactured drama

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504471)



Reply Favorite

Date: May 13th, 2022 8:28 AM
Author: exciting stag film blood rage

He has more Twitter followers than Trump did when he was kicked off.

He has a duty to keep producing CONTENT.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504484)



Reply Favorite

Date: May 13th, 2022 8:30 AM
Author: chartreuse nowag



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504491)



Reply Favorite

Date: May 13th, 2022 8:36 AM
Author: High-end degenerate



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504504)



Reply Favorite

Date: May 13th, 2022 8:39 AM
Author: Crawly floppy idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504513)



Reply Favorite

Date: May 13th, 2022 7:14 AM
Author: jet electric address affirmative action

To be fair,

LOL @ anyone who thinks twitter traffic is < 5% bot.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504317)



Reply Favorite

Date: May 13th, 2022 7:14 AM
Author: contagious submissive jew deer antler

cr its probably 50% bots

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504319)



Reply Favorite

Date: May 13th, 2022 8:26 AM
Author: exciting stag film blood rage

At the very least. I think its closer to 70% actually.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504478)



Reply Favorite

Date: May 13th, 2022 8:28 AM
Author: iridescent business firm

there are only 217mm users compared to almost 3bn on FB. I doubt only 60mm are real users

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504485)



Reply Favorite

Date: May 13th, 2022 8:39 AM
Author: exciting stag film blood rage

FB numbers are cooked too.

Have you ever followed a random conversation/interactions with like a Musk Tweet? Click through on who retweets/answers and look at their bios/timelines and see if you think they’re real people.

Twitter is just a tool for them to push out a message and give it the veneer of legitimacy/public support, that they can launder in articles. It’s function is manufacturing consent, to use a Chomsky term. Same as what a “push poll” function is.

It’s just celebrities (who are on the dole/have scripts to follow), politicians (same), a small army of “journalists” and lib blue checkmarks who propagate out these opinions, and the rest is an army of millions of bots to retweet and give an aura of interaction.

Real non-celebrity actual people are a small percentage of the whole thing.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504514)



Reply Favorite

Date: May 13th, 2022 8:47 AM
Author: jet electric address affirmative action

The MAGA contingent is largely real.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504537)



Reply Favorite

Date: May 13th, 2022 8:57 AM
Author: iridescent business firm

yes, it’s obviously a lot harder to believe that half the world actually used FB. but it’s not hard to believe that 200mm people use Twitter

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504552)



Reply Favorite

Date: May 13th, 2022 8:59 AM
Author: gaped ladyboy

are the FB numbers counting everyone with a Whatsapp number? That's literally trillions of ppl in places like India and Indonesia and shit.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504555)



Reply Favorite

Date: May 13th, 2022 9:00 AM
Author: iridescent business firm

maybe IG too, who knows

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504559)



Reply Favorite

Date: May 13th, 2022 8:12 AM
Author: iridescent business firm

he’s gonna use the real number to Jew them down on the price

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504427)



Reply Favorite

Date: May 13th, 2022 8:10 AM
Author: Marvelous chad

Elon already knew about the bots and was pledging to do something about them. What’s the real reason for this? Deep state pressure?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504422)



Reply Favorite

Date: May 13th, 2022 8:14 AM
Author: iridescent business firm

he’s not backing out, just a typical flame thread title

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504435)



Reply Favorite

Date: May 13th, 2022 8:14 AM
Author: Crawly floppy idea he suggested

Price negotiations.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504436)



Reply Favorite

Date: May 13th, 2022 10:26 AM
Author: Motley Community Account

He made his bid at what might be the height of a tech bubble, when most of his $$$ is an an overvalued tech stock. Tsla is already down 25% from when he made his bid. Twtr is down 10% on this news.

What would twtr be trading at right now but for the musk bid? It was in the 30s in March. ARKK has gone down about 30% since March. I could definitely see Twitter trading at 20s or lower but for Musk

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504967)



Reply Favorite

Date: May 13th, 2022 8:24 AM
Author: exciting stag film blood rage

Public exposure mainly, which will aid in price negotiations (as Adolf pointed out)

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504468)



Reply Favorite

Date: May 13th, 2022 8:37 AM
Author: opaque bateful giraffe

Staff departures have gotten to him

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504508)



Reply Favorite

Date: May 13th, 2022 8:43 AM
Author: shaky aqua step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504527)



Reply Favorite

Date: May 13th, 2022 5:25 PM
Author: Rambunctious sexy spot dog poop



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507390)



Reply Favorite

Date: May 13th, 2022 8:37 AM
Author: greedy parlor feces

The stock market crash leading him to want to renew negotiations on price

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504509)



Reply Favorite

Date: May 13th, 2022 8:40 AM
Author: High-end degenerate



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504519)



Reply Favorite

Date: May 13th, 2022 8:47 AM
Author: transparent legend space

He just wants to drive down the price be threatening to walk. Why pay $44b when you can pay $41b?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504535)



Reply Favorite

Date: May 13th, 2022 9:03 AM
Author: Crawly floppy idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504571)



Reply Favorite

Date: May 13th, 2022 10:08 AM
Author: 180 rigpig personal credit line



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504860)



Reply Favorite

Date: May 13th, 2022 12:20 PM
Author: Razzle-dazzle carmine gunner

*Trump smiling and nodding appreciatively*

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505719)



Reply Favorite

Date: May 13th, 2022 3:17 PM
Author: galvanic henna church

Elon doesn't necessarily want Twitter, he just wants to diversify his wealth. Twitter was a great excuse to sell some tesla without spooking investors. So, he pretended to want to buy twitter, sold $5bn of tesla, then *whoops* the deal fell though.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506746)



Reply Favorite

Date: May 13th, 2022 3:19 PM
Author: iridescent business firm

this is dumb. diversification is for pools and Twitter is a much more volatile and fragile store of wealth than Tesla

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506762)



Reply Favorite

Date: May 13th, 2022 3:20 PM
Author: galvanic henna church

So, you can't read and you don't know what diversification means.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506772)



Reply Favorite

Date: May 13th, 2022 9:02 AM
Author: Pale Coffee Pot

Isn’t that just called diligence? And if it’s a material rep…

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504567)



Reply Favorite

Date: May 13th, 2022 9:30 AM
Author: translucent area

Now someone is getting warmer. But it has nothing to do with diligence.



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504651)



Reply Favorite

Date: May 13th, 2022 9:41 AM
Author: Crawly floppy idea he suggested

Ok since you are making it into a game I will try again. But still lazily.

There's a 10b-5 rep (section 4.7). The 10b-5 rep is a material warranty. The # of active users is info that has to be reported since it goes to the calculation of revenues/profits and hence falls under the 10b-5 rep, and if misstated by more than 5% would be material. Under 7.2(b)(i), the 10b-5 rep has to be true as of the time of the merger. So Elon can walk if Twitter materially misstated user #'s.

Pertinent provisions quoted below. (The 5% threshold is from 2d Cir. caselaw and SEC guidance we are all familiar with.)

"Section 4.7 Information Supplied. None of the information supplied or to be supplied by or on behalf of the Company or any of its Subsidiaries expressly for inclusion or incorporation by reference in the proxy statement relating to the matters to be submitted to the Company’s stockholders at the Company Stockholders’ Meeting (such proxy statement and any amendments or supplements thereto, the “Proxy Statement”) shall, at the time the Proxy Statement is first mailed to the Company’s stockholders and at the time of the Company Stockholders’ Meeting to be held in connection with the Merger, contain any untrue statement of material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading at such applicable time, except that no representation or warranty is made by the Company with respect to statements made therein based on information supplied, or required to be supplied, by Parent or its Representatives in writing expressly for inclusion therein. The Proxy Statement will comply as to form in all material respects with the provisions of the Securities Act and the Exchange Act, and the rules and regulations promulgated thereunder."

***

(b) (i) each of the representations and warranties of the Company contained in this Agreement (except for the representations and warranties contained in Section 4.2(a) and Section 4.2(b)), without giving effect to any materiality or “Company Material Adverse Effect” qualifications therein, shall be true and correct as of the Closing Date (except to the extent such representations and warranties are expressly made as of a specific date, in which case such representations and warranties shall be so true and correct as of such specific date only), except for such failures to be true and correct as would not have a Company Material Adverse Effect; and (ii) each of the representations and warranties contained in Section 4.2(a) and Section 4.2(b) shall be shall be true and correct in all material respects as of the Closing Date (except to the extent such representations and warranties are expressly made as of a specific date, in which case such representations and warranties shall be so true and correct in all material respects as of such specific date only); and



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504692)



Reply Favorite

Date: May 13th, 2022 9:42 AM
Author: gaped ladyboy

5 or 10% off on a number ain't anywhere close to MAE

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504696)



Reply Favorite

Date: May 13th, 2022 9:46 AM
Author: translucent area

It has nothing to do with a MAC/MAE. I’d fire you all.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504720)



Reply Favorite

Date: May 13th, 2022 9:47 AM
Author: Crawly floppy idea he suggested

I'm just talking about materiality not MAC/MAE.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504726)



Reply Favorite

Date: May 13th, 2022 9:55 AM
Author: translucent area

I replied to the pumo above you.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504766)



Reply Favorite

Date: May 13th, 2022 10:00 AM
Author: Crawly floppy idea he suggested

Oh.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504802)



Reply Favorite

Date: May 13th, 2022 10:13 AM
Author: translucent area

This is how you reply to counsel on the other side of the deal not meaning to.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504891)



Reply Favorite

Date: May 13th, 2022 1:57 PM
Author: gaped ladyboy

you're a massive idiot and don't have the slightest clue how a PUBLIC COMPANY merger agreement works. HTH.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506234)



Reply Favorite

Date: May 13th, 2022 5:26 PM
Author: translucent area

I do, and maybe I am being a bit misleading with my responses in regards to my game, but I want to see if anyone comes out of the woodwork and knows how the game is played.



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507399)



Reply Favorite

Date: May 13th, 2022 9:46 AM
Author: Crawly floppy idea he suggested

That's a fine negotiating position, mighty fine, but this is about just materiality, not an MAE/MAC, on which see SEC’s Staff Accounting Bulletin No. 99; Landmen Partners, Inc. v. The Blackstone Group, L.P. https://law.justia.com/cases/federal/appellate-courts/ca2/09-4426/09-4426_opn-2011-03-27.html

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504724)



Reply Favorite

Date: May 13th, 2022 9:45 AM
Author: translucent area

So close. Except the 5% wasn’t in the proxy. What’s the relevant provision?

Why did he tweet he was asking for confirmation? What provision governs?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504714)



Reply Favorite

Date: May 13th, 2022 9:54 AM
Author: Beta Bonkers Station Ceo

Thanks, not sure I'm following. Can we discuss live?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504762)



Reply Favorite

Date: May 13th, 2022 9:57 AM
Author: translucent area

No.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504774)



Reply Favorite

Date: May 13th, 2022 10:00 AM
Author: Crawly floppy idea he suggested

8.1(d)(i) (termination provision) provides for notice + an opportunity to cure.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504797)



Reply Favorite

Date: May 13th, 2022 10:12 AM
Author: translucent area

You are a few steps ahead and cite a frankly irrelevant provision.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504888)



Reply Favorite

Date: May 13th, 2022 10:28 AM
Author: lavender boistinker

Just give us the answer already

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504975)



Reply Favorite

Date: May 13th, 2022 10:32 AM
Author: translucent area

What’s the fun in that game? (Or you are a STB or WSGR associate ….)

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505009)



Reply Favorite

Date: May 13th, 2022 10:46 AM
Author: lavender boistinker

I'm inhouse so i need answers now. I can't just bill the client for the time spent debating the finer points of this deal. Thank

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505090)



Reply Favorite

Date: May 13th, 2022 11:17 AM
Author: Crawly floppy idea he suggested

Oh I guess 6.4 (access to info), which provides:

Section 6.4 Access to Information; Confidentiality. UPON REASONABLE NOTICE, the Company shall (and shall cause each of its Subsidiaries to) afford to the representatives, officers, directors, employees, agents, attorneys, accountants and financial advisors (“Representatives”) of Parent reasonable access ... upon reasonable written notice [redundancy in original] ... to the properties, books and records of the Company and its Subsidiaries and, during such period, shall (and shall cause each of its Subsidiaries to) furnish promptly to such Representatives all information concerning the business, properties and personnel of the Company and its Subsidiaries as may reasonably be requested in writing, in each case, for any reasonable business purpose related to the consummation of the transactions contemplated by this Agreement[.]

(emph. via all-caps).



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505305)



Reply Favorite

Date: May 13th, 2022 11:28 AM
Author: orchid preventive strike

that’s just the mechanism for obtaining info, doesn’t shed any light on the motivation for the tweet or any other strategic reasoning behind musk’s actions

relevant to rep in 5.5 on information supplied, ie u claim less than 5% FRAUD user$ now prove it (u can’t)?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505375)



Reply Favorite

Date: May 13th, 2022 11:30 AM
Author: Crawly floppy idea he suggested

I think we crossed streams. See http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505363



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505381)



Reply Favorite

Date: May 13th, 2022 11:26 AM
Author: Crawly floppy idea he suggested

In Section 4.6(b), Twitter & subs represent and warrant that their filed consolidated financials "fairly present in all material respects the consolidated financial position of the Company and its consolidated Subsidiaries. (Section 4.7, which is a bit belt-and-suspenders but more of a catch-all, is the 10b-5 rep I mentioned).

Elon has a duty to make best efforts (mutual covenant) to make deal happen and to notify Twitter of any breach or threatened breach of the financing conditions.

Twitter could amend its consolidated financials for the last period.

Hence, what Elon is doing is threatening Twitter that they will either have to correct their financials (suffering decline in value and bettering his position) or else he'll potentially be entitled to the $1bn break fee.

[[[On materiality: note 9.3(c) ("When used in reference to the Company or its Subsidiaries, the term 'material' shall be measured against the Company and its Subsidiaries, taken as a whole."); 1.01 (noting the agreement "may apply contractual standards of 'materiality' that are different from 'materiality' under applicable securities laws").]]]



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505363)



Reply Favorite

Date: May 13th, 2022 12:14 PM
Author: translucent area

Keep trying. 4.6(a) is the 10b-5 rep.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505685)



Reply Favorite

Date: May 13th, 2022 1:39 PM
Author: Crawly floppy idea he suggested

Let me try actually reading some background instead of just ctrl+f'ing through the contract.

Elon said, "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users." https://twitter.com/elonmusk/status/1525049369552048129

Elon linked to a Reuters article reporting on an SEC disclosure that Twitter had made a few days after the parties enter into the merger agreement.

The article is here: https://www.reuters.com/technology/twitter-estimates-spam-fake-accounts-represent-less-than-5-users-filing-2022-05-02/

The disclosure referenced in the article is here: https://www.sec.gov/ix?doc=/Archives/edgar/data/1418091/000119312521055879/d274932d8k.htm

The disclosure cautions that it is merely being disclosed under Reg. FD---which prohibits selective disclosure of material nonpublic info, but doesn't implicate the antifraud provisions of the securities laws---and not filed under the Exchange Act or Securities Act.

And the disclosure is wishy-washy in that it seems couched in language of opinion: "Twitter applied significant judgment, so its estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than Twitter has estimated."

* * *

Put all this together with the provisions discussed previous, and it would appear Elon is trying to get Twitter to make specific factual representations that would subject it to liability under the 10b-5 rep.

Note that Twitter has already arguably impliedly conceded the info is material, since it made the Reg FD disclosure.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506137)



Reply Favorite

Date: May 13th, 2022 12:45 PM
Author: Mint Free-loading Milk

it doesn't matter unless it's an MAE right?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505864)



Reply Favorite

Date: May 13th, 2022 3:05 PM
Author: Crawly floppy idea he suggested

That is not my reading.

Check out Section 7.2(b) (quoted in full below) which says: "each of the representations and warranties contained in Section 4.2(a) and Section 4.2(b) shall be shall be true and correct in all material respects as of the Closing Date (except to the extent such representations and warranties are expressly made as of a specific date". It says "all material respects" not MAC, implying that there's a lower threshold for materiality.

The rest of the analysis is as above.

****REST OF POAST IS QUOTATION FROM AGREEMENT****

Section 7.2 Conditions to the Obligations of Parent and Acquisition Sub.

The obligations of Parent and Acquisition Sub to consummate the Merger, are, in addition to the conditions set forth in Section 7.1, further subject to the satisfaction or waiver by Parent at or prior to the Effective Time of the following conditions:

(a) the Company shall have performed or complied, in all material respects, with its obligations required under this Agreement to be performed or complied with by the Company on or prior to the Closing Date;

(b)(i) each of the representations and warranties of the Company contained in this Agreement (except for the representations and warranties contained in Section 4.2(a) and Section 4.2(b)), without giving effect to any materiality or “Company Material Adverse Effect” qualifications therein, shall be true and correct as of the Closing Date (except to the extent such representations and warranties are expressly made as of a specific date, in which case such representations and warranties shall be so true and correct as of such specific date only), except for such failures to be true and correct as would not have a Company Material Adverse Effect; and

(ii) each of the representations and warranties contained in Section 4.2(a) and Section 4.2(b) shall be shall be true and correct in all material respects as of the Closing Date (except to the extent such representations and warranties are expressly made as of a specific date, in which case such representations and warranties shall be so true and correct in all material respects as of such specific date only); and

(c) no Company Material Adverse Effect shall have occurred and be continuing.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506649)



Reply Favorite

Date: May 13th, 2022 9:38 AM
Author: translucent area

18% down on the first tweet, second tweet, “committed to acquisition” bounced it to down only 10-12%

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504686)



Reply Favorite

Date: May 13th, 2022 10:29 AM
Author: Motley Community Account

Elon could make billions if he decided to profit off his tweets. Imagine having such immense power to manipulate the market

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504980)



Reply Favorite

Date: May 13th, 2022 10:31 AM
Author: lavender boistinker

He made billions on DOGE

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44504999)



Reply Favorite

Date: May 13th, 2022 11:29 AM
Author: Bat-shit-crazy azn

This is the fascinating aspect of it.

Every word Musk says is money one way or another.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505376)



Reply Favorite

Date: May 13th, 2022 11:30 AM
Author: Crawly floppy idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505384)



Reply Favorite

Date: May 13th, 2022 11:33 AM
Author: Turquoise Circlehead Corner

Can't you get into trouble for that?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505410)



Reply Favorite

Date: May 13th, 2022 12:06 PM
Author: cerebral zippy dingle berry

We don't know man, what is this a law board?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505643)



Reply Favorite

Date: May 13th, 2022 12:57 PM
Author: Turquoise Circlehead Corner

No law school admissions. We're all prospective students.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505926)



Reply Favorite

Date: May 13th, 2022 5:25 PM
Author: Pale Coffee Pot

No one knows. If it involves his companies, yes, theoretically, but he treats the SEC like his bitches.

If he was trading penny stocks in his own account he could tweet “Taking a look at $shitco” and shitco would go up 1 million percent and there is zero misrepresentation.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507388)



Reply Favorite

Date: May 13th, 2022 10:55 AM
Author: crusty khaki theater

lobbing in tweets like mortars to move the price

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505167)



Reply Favorite

Date: May 13th, 2022 12:48 PM
Author: angry big-titted idiot

lol there is zero chance bots comprise only 5% of active users

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505883)



Reply Favorite

Date: May 13th, 2022 12:58 PM
Author: Tripping Casino Dopamine

It’s likely 50-70%

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44505933)



Reply Favorite

Date: May 13th, 2022 3:20 PM
Author: vibrant cruise ship



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506776)



Reply Favorite

Date: May 13th, 2022 3:46 PM
Author: stimulating shrine philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506914)



Reply Favorite

Date: May 13th, 2022 2:06 PM
Author: Exhilarant office

So uh what is breach that gets him out of it?

or otherwise what is the reverse termination fee he would have to pay if he submarines the financing?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506293)



Reply Favorite

Date: May 13th, 2022 2:22 PM
Author: lavender boistinker

As you can see from the subthreads above, no one knows

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506368)



Reply Favorite

Date: May 13th, 2022 2:25 PM
Author: gaped ladyboy

it's tank the financing and pay 1 billion, or claim a breach that's an MAE which this obviously isn't but you say it to grab a chance to re-negotiate price over market factors

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506389)



Reply Favorite

Date: May 13th, 2022 2:43 PM
Author: Tripping Casino Dopamine

why is it obviously isn't? the number of bots is half of twitter users probably.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506508)



Reply Favorite

Date: May 13th, 2022 7:52 PM
Author: Pale Coffee Pot

JFC. Was that true or not true the day the contract was signed?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508148)



Reply Favorite

Date: May 13th, 2022 7:54 PM
Author: Tripping Casino Dopamine

twitter claims that bots are < 5% of its users. its a ridiculously false claim

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508154)



Reply Favorite

Date: May 13th, 2022 8:06 PM
Author: Pale Coffee Pot

So you don’t know what an MAE is? It needs to be something like: Because Twitter lied, it has been banned world wide between execution and closing.

You’re describing fraud, and they agree in the contract that they’re not doing fraud.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508272)



Reply Favorite

Date: May 13th, 2022 3:33 PM
Author: translucent area

How do these two things interact?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506847)



Reply Favorite

Date: May 13th, 2022 4:21 PM
Author: Crawly floppy idea he suggested

(Wesley R. Johnson)

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507096)



Reply Favorite

Date: May 13th, 2022 4:23 PM
Author: Laughsome Kitchen



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507103)



Reply Favorite

Date: May 13th, 2022 5:26 PM
Author: shaky aqua step-uncle's house



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507393)



Reply Favorite

Date: May 13th, 2022 7:51 PM
Author: Pale Coffee Pot



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508141)



Reply Favorite

Date: May 13th, 2022 7:52 PM
Author: wonderful indian lodge



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508146)



Reply Favorite

Date: May 13th, 2022 8:03 PM
Author: translucent area

Can’t believe it took this long for the meme to appear …. It took all my will power not to use it.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508237)



Reply Favorite

Date: May 13th, 2022 8:15 PM
Author: Walnut juggernaut



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508311)



Reply Favorite

Date: May 13th, 2022 8:17 PM
Author: Pale Coffee Pot

What if it was him the whole time?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508326)



Reply Favorite

Date: May 16th, 2022 12:19 PM
Author: Motley Community Account



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44520951)



Reply Favorite

Date: May 13th, 2022 2:49 PM
Author: bronze hospital puppy

hopefully just posturing

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506542)



Reply Favorite

Date: May 13th, 2022 5:23 PM
Author: Heady flushed stain mood

Free speech Twitter actually sounds like it could be pretty gay and drive traffic to an alternative that does some minimal curation just for the reputation effect. Twitter is already such shit, I never look at it anymore as is and I'm realizing now that a shitload of Syria coverage I watched on there years ago was gamed to fuck.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44507384)



Reply Favorite

Date: May 13th, 2022 8:18 PM
Author: Pale Coffee Pot

Literally the only reason XO hangs on by a thread is because average IQ is above media

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508335)



Reply Favorite

Date: May 13th, 2022 8:22 PM
Author: Tripping Casino Dopamine

obviously the solution is free speech but allow users to set up their safe space preferences

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508356)



Reply Favorite

Date: May 13th, 2022 8:22 PM
Author: bronze hospital puppy



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508358)



Reply Favorite

Date: May 13th, 2022 9:08 PM
Author: orchid preventive strike



(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508601)



Reply Favorite

Date: May 13th, 2022 9:20 PM
Author: Exhilarant office

Can't control the top-down narrative that way hoss

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44508677)



Reply Favorite

Date: May 14th, 2022 2:20 AM
Author: swashbuckling autistic national security agency

Rate this analysis. I get the sense the author doesn't know the subject well and stops midstream.

https://twitter.com/gavinjohnadams/status/1525126707094642689

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44509948)



Reply Favorite

Date: May 14th, 2022 8:15 AM
Author: Crawly floppy idea he suggested

His analysis is underbaked and far too general. He tries to excuse this by being wishy-washy.

On breach, he misses the crucial point that the statement Twitter filed is not literally false or materially misleading since it was filed under Reg FD and it is a statement about Twitter's perhaps-subjective judgment. (See http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44506137).

He gives no analysis of materiality.

He gives no analysis of the parties' respective obligations under the various agreements with respect to termination, instead broadly stating that "If @twitter has breached or failed to perform any of its representations warranties etc. then (under certain circumstances) @elonmusk could potentially walk away."

And he does not even attempt to analyze the parties' respective negotiating postures or the overall background of the deal (e.g., changing market and regulatory conditions).

The overall effect is of listening to a man try to narrate a chess match by describing carved features of a few of the pieces.

I rate the analysis as very good as far as Twitter legal analyses go (they are almost uniformly awful). But the guy is a poseur.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44510428)



Reply Favorite

Date: May 14th, 2022 10:21 AM
Author: translucent area

So do a better one (agree with the assessment of his). How about remedies? Get out and pay the break fee or save $1b.

BTW there is a reason the people who do this for a living get paid.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44510726)



Reply Favorite

Date: May 14th, 2022 10:43 AM
Author: swashbuckling autistic national security agency

You are giving the guy on Twitter a favorable review?

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44510791)



Reply Favorite

Date: May 16th, 2022 11:44 AM
Author: Crawly floppy idea he suggested

It's too much work for this forum; as you say, would need to get paid.

(http://www.autoadmit.com/thread.php?thread_id=5108236&forum_id=2#44520758)