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Everything posted by Commissar SFLUFAN
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The difference is that you or anyone else of the general public won't be able to buy Tesla stock when the company goes "private". Everyone that currently holds Tesla stock will have to be bought out either with cash or an exchange of their currently-held stock for newly-issued stock in the new "private" Tesla. The stock will be closely-held between Tesla employees, management, and private equity investors, etc. The stock will be removed from public stock exchanges and no longer subject SEC requirements. For example, the financial statements of Tesla would no longer be publicly available.
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Some rough math: Tesla has about 170 million shares of common stock outstanding. Of that amount, Musk owns about 20%. That means the capital required to buy out the remaining shareholders would be at least: 170 million shares * 0.8 * $420/share = $57.1 billion That's a HELLUVA leveraged (debt-financed) buy out that will have debt issued to private equity/venture capital/sovereign wealth funds/etc. In fact, Bloomberg estimates that Musk would have to come up with $66 billion.
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New Details About Wilbur Ross’ Business Point To Pattern Of Grifting Over several months, in speaking with 21 people who know Ross, Forbes uncovered a pattern: Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary. At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million.
- 9 replies
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- Wilbur Ross
- Secretary of Commerce
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That a colleague that I worked with from 2005 to 2014 and kept in touch with occasionally was removed from life support on Saturday.
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PC Tech Is HDR on PC broken?
Commissar SFLUFAN replied to Spork3245's topic in PC/Mac Technical and PCCB
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Football Why Your Team Sucks 2018
Commissar SFLUFAN replied to GeneticBlueprint's topic in The Locker Room
The Buccaneers -
A domino-like cascade of melting ice, warming seas, shifting currents and dying forests could tilt the Earth into a “hothouse” state beyond which human efforts to reduce emissions will be increasingly futile, a group of leading climate scientists has warned.
- 11 replies
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- Climage Change
- Domino Effect
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“Our current plan for the B.E.T.A.,” Bethesda says, “is it will be the full game and all your progress is saved for launch. We hope you join us!” Beta access will go out to a group of eligible participants starting in October - you'll need to pre-order to get in. "The PC version of Fallout 76, for both the B.E.T.A. and the launch, will be available only via Bethesda.net, not on Steam"
- 11 replies
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- Fallout 76
- B.E.T.A.
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