Commissar SFLUFAN

"It's like BeingConfrontedByBlackLivesMatterAndCalledAMurderer on your wedding day..."

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.

Because he intends to take the company "private" which means that the shares won't be available to the public. He needs to buy out anyone that has stock that's traded on public exchanges.

I guess this is the most expedient way to get rid of your "short seller" problem

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.

It is absolutely true.

WHAT COULD POSSIBLY GO WRONG WITH THIS?!?!?

Much like the British used to do with their convicts, the New York Times is shipping Bari "Intellectual Dark Web" Weiss to Australia.

Wow, Propping Up Bob Menendez Might Not Have Been the Democrats' Smartest Move

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.

That a colleague that I worked with from 2005 to 2014 and kept in touch with occasionally was removed from life support on Saturday.

Yes.

The Buccaneers

I do. Because Guardians of the Galaxy 2 was a boring, bloated mess

The company has also allegedly received a major investment from Saudi Arabia's sovereign wealth fund.

Manafort prosecution’s frustration with judge leads to fiery clashes

Want to take this one @sblfilms?

I covered that in a separate thread.

As is the one to replace the Guardians if it ever came to that.

Each and every one of the Guardians is eminently replacable.

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.

KSA's state carrier has suspended flights to Toronto.

Showtime's Halo series will have the Master Chief as the main character.

“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"

These "form letter" endorsement tweets are really low-effort/low-energy.