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SpaceGoatFarts posted:I love that in most countries, pretending god is talking to you will get you committed, but in the US it's actually a selling point for doing politics Well, maybe not committed, but it's gonna limit your appeal as a candidate to religious nutbags. Sadly for America "religious nutbags" describes like 30%+ of the voting population.
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May 24, 2022 16:01
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LOL!!!
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May 24, 2022 16:01
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Speedboat Jones posted:Looks like Mother Pence finally got jealous enough about what her husband's loving. lmao "horses are bad!" It's so lame of an insult that it reminds me of "blacks rule!"
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May 24, 2022 16:04
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Shanghaied posted:Well, maybe not committed, but it's gonna limit your appeal as a candidate to religious nutbags. Sadly for America "religious nutbags" describes like 30%+ of the voting population. Evangelical christianity is a plague on the United States. And their stupid tax exemptions cost this country a fortune. I should start a religion so I get all sorts of free poo poo and special rights from the government. Worked for L. Ron Hubbard, and he was a fuckin' moron!!!
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May 24, 2022 16:06
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Shanghaied posted:Kiss' music sucks, their make-up is lame, and "kiss" means "piss" in Swedish so lmao. Also I've never understood why a band that dolls itself up to look like some kind of evil clown explosion demons would give themselves a name that you'd think would be on a weepy top-40 crooner group
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May 24, 2022 16:10
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Data Graham posted:Also I've never understood why a band that dolls itself up to look like some kind of evil clown explosion demons would give themselves a name that you'd think would be on a weepy top-40 crooner group Knights in Satan's Servitude? lol
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May 24, 2022 16:12
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Seth Pecksniff posted:Not just lose, he's about to be crushed Wile E Coyote style with a 16 ton anvil the hanging dong on twitter gambit failed 
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May 24, 2022 16:12
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Who What Now posted:TBF horses are garbage and should be turned into dogfood and glue 
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May 24, 2022 16:22
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Yeah man, gently caress horses. making GBS threads and clopping and neighing evyerwhe.... No goddamnit not like that!
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May 24, 2022 16:25
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Horses man, like they are so loving dumb. Name another animal that you have to loving nail their clothes onto their body. gently caress horses.
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May 24, 2022 16:27
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Total Party Kill posted:gently caress horses. 
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May 24, 2022 16:29
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Data Graham posted:Also I've never understood why a band that dolls itself up to look like some kind of evil clown explosion demons would give themselves a name that you'd think would be on a weepy top-40 crooner group Allegedly they originally wanted to just call the band "gently caress," until someone talked them out of it, so this was a more mild compromise
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May 24, 2022 16:29
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Hell, I'd eat a horse
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May 24, 2022 16:30
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Asterite34 posted:Allegedly they originally wanted to just call the band "gently caress," until someone talked them out of it, so this was a more mild compromise I'm glad that person talked them out of ruining the most versatile profanity in the English language
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May 24, 2022 16:32
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Asterite34 posted:Allegedly they originally wanted to just call the band "gently caress," until someone talked them out of it, so this was a more mild compromise "Gentle caress" being too long and unwieldy.
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May 24, 2022 16:34
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Margin Call Alert: Tesla Stock Falling Below $400 Would Force Elon Musk to Sell 13 Million Shares of EV Maker to Fund Twitter Deal - Bernstein's Sacconaghi https://m.uk.investing.com/news/sto...55243?ampMode=1 Toni Sacconaghi, a Senior Analyst at Bernstein covering U.S. IT Hardware, has discussed implications for Tesla (NASDAQ:TSLA) shares amid an ongoing saga concerning CEO Elon Musk and his deal to acquire Twitter (NYSE:TWTR) for $44 billion. Musk may “ultimately elect or be forced to purchase Twitter going forward,” Sacconaghi told clients in a note today. The analyst took note of Musk’s deal to acquire Twitter which should be completed via debt, equity, and a margin loan. Sacconaghi pays special attention to $12.5 billion that will come from a margin loan facility tied to Tesla stock. “Following the recent drop in TSLA's stock price, Musk appears to have just enough value in his unencumbered Tesla shares to fund the margin loan portion of his proposed Twitter financing. That said, at a TSLA share price of $621 or less, Musk would technically not be able to borrow the full $12.5B against his shares - in fact, if TSLA's stock price were to drop to $500/share, he would be ~$2.5B short. If the agreed upon deal price for Twitter is ultimately haircut by 10%, Musk could still borrow enough, even if Telsa shares dropped to ~$400,” the analyst wrote. However, the bigger - but also less probable - financial risk for Elon Musk is there is a deeper pullback in Tesla shares, in combination with him completing the deal. “If the TWTR deal were to close today and subsequently TSLA's stock price dropped to $350-400, Musk could be forced to sell ~13M Tesla shares.” In other words, Elon Musk would get a margin call. Sacconaghi rates Tesla with an Underperform rating and a $450.00 per share price target as he struggles to justify TSLA's valuation, “which appears to imply huge volume AND industry leading profitability going forward, which is historically unprecedented.” Tesla stock price is indicated to open 2.5% lower today, or at $657.90.
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May 24, 2022 16:34
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I give the Twitter deal a 20% chance of going through at this point. If I had to guess I'd say Elon is going to keep bitching about the amount of bots on the app and use that to weasel out of the deal without paying the $1 billion penalty. There's no way in hell the board will accept a lower offer.
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May 24, 2022 16:35
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I'm not at all an expert on this, but I thought legally as long as the shareholders approve of it he has to buy it. Am I wrong on this?
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May 24, 2022 16:37
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It owns that the richest man on earth is capable of melting down and self-owning on the internet like a goon with joose.
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May 24, 2022 16:38
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Seth Pecksniff posted:I'm not at all an expert on this, but I thought legally as long as the shareholders approve of it he has to buy it. Am I wrong on this? He has to reach an agreement with the board first, then the shareholders vote. The current agreement is for $54.20/share, so unless there's a new round of negotiations, that's the price that gets voted on.
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May 24, 2022 16:40
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haljordan posted:He has to reach an agreement with the board first, then the shareholders vote. The current agreement is for $54.20/share, so unless there's a new round of negotiations, that's the price that gets voted on. Ah ok. Thanks! So he can't like, drop the price now that the board agreed to it right?
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May 24, 2022 16:41
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Seth Pecksniff posted:Ah ok. Thanks! So he can't like, drop the price now that the board agreed to it right? Correct. I actually probably shouldn't say there's no chance in hell of this happening, if he still offers a premium over the current price the board may just still take the money and run (especially since the market overall is in the crapper). The bigger question is if he can secure financing, since Tesla stock has dropped so much so fast. He'll need more than he did when he made the initial offer. haljordan fucked around with this message at 16:44 on May 24, 2022 |
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May 24, 2022 16:41
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Total Party Kill posted:Horses man, like they are so loving dumb. Tbf, horses need shoeing because the way they are used by humans (standing still for most their lives, and moving relatively fast occasionally) is very different from how they naturally live (moving very slowly to graze 20 hours a day), so their hooves never harden like they naturally do when feral. That's on us, not them. Horse are still dumb though.
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May 24, 2022 16:42
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God this is gonna be so good then 
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May 24, 2022 16:42
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Agree to wipe all the bots and then just purge Elon's account of all followers, even legit ones Nobody else's
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May 24, 2022 16:42
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The Last Call posted:Margin Call Alert: Tesla Stock Falling Below $400 Would Force Elon Musk to Sell 13 Million Shares of EV Maker to Fund Twitter Deal - Bernstein's Sacconaghi Big brain genius and real life Tony Stark, everyone.
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May 24, 2022 16:43
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I've never understood Tesla's valuation, other than it's based on moonbeams and unicorn poo poo
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May 24, 2022 16:46
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Seth Pecksniff posted:I've never understood Tesla's valuation, other than it's based on moonbeams and unicorn poo poo unless stock valuation is based on, "makes a product that enables people to drive like even bigger loving assholes than BMW drivers on the freeway," I fail to see anything they've done to merit being as powerful as they are in the economy, either
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May 24, 2022 16:49
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Seth Pecksniff posted:I'm not at all an expert on this, but I thought legally as long as the shareholders approve of it he has to buy it. Am I wrong on this? yes, elon musk is locked into a deal where he is committed to purchase twitter at 54.20 a share. this is wildly overvalued and a ridiculously stupid idea. normally there would be a lot of financial disclosure and rounds of negotiation and so on in an acqusition, but elon musk (brain genius) straight up waived all of these things because he was so certain and ready to follow through on the deal (aka, he was on a bunch of drugs and having an emotional breakdown). now musk is making noise about how the deal is "on hold" (it isn't) and how he should be able to renegotiate the price (he can't) so, musk is committed to buying twitter at a known price, around $44 billion. musk doesn't have 44 billion. he's worth a tremendous amount of paper, but that value isn't realized until the assets are liquidated into cash. now your typical mega billionaire might be propped up by a big ownership stake in a lucrative corporation - bill gates, jeff bezos, etc. - but those billionaires are also likely to diversify their assets over time, to create a broad portfolio of wealth holdings which makes said wealth less volatile in valuation. bill gates, for example, buys a fuckload of land. on the other hand, elon musk mostly just holds stakes in two companies - spacex and tesla. tesla, for very stupid reasons, had a skyrocketing valuation over the last few years. this made elon musk "very rich" "on paper", but mostly because he holds a whole lot of stock which is "worth" a huge amount of money but which most people assume is not actually worth that much in reality. for example, tesla at its peak was valued as being worth more than every other major automaker combined, which is kind of stupid but thats how the stock market works sometimes so elon musk wants to buy twitter, but he doesn't have the money. he can sell some of his stock to get the money, but that isn't enough. he can also promise some of his stock as collateral to get a loan. this is mostly how the twitter acquisition deal was structured. however, when someone gives you a loan based on stock as collateral, the sensible thing to demand would be a guarantee that you're good for the money if the stock loses value. in these kind of loans there is a threshold value below which the stock price needs to be backed up with cash, or else Bad Things Happen to the lendee anyway, at the beginning of april when this dipshit adventure began, tesla was valued at about $1,100 per share. the threshold value below which Bad Things Happen was $740 a share. in the last two months, tesla stock has fallen to $640 a share and there is no reason for it to not fall further, because of general corrections in the tech sector, announcements of stiff competition for tesla, and the fact that tesla's hype man and one-stop PR shop is having an extended public meltdown haljordan posted:Correct. the signal that wall street doubts the deal is going to happen is this price premium. musk is firmly committed to buying twitter at 54.20 a share. the price is currently 36.31 a share. if you buy twitter stock right now, then when the deal goes through, you are going to clear 54.20-36.31 = 17.89 in pure profit, or close to a 50% return on your money in a few months. that is a ridiculously profitable deal! and yet people aren't lining up to push twitter stock higher through purchasing... the simplest explanation is that very few people believe this is actually going to happen, because musk is a weird con man and his financing structure for this deal is all hosed up, and he has very vague and weird plans for how he would be able to make twitter profitable even the howling yokels over at r/wallstreetbets aren't throwing their dollars at twitter, which should be a huge cause for concern given what they've been convinced to buy in the past for stupider reasons Mr. Fall Down Terror fucked around with this message at 16:54 on May 24, 2022 |
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May 24, 2022 16:49
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haljordan posted:I give the Twitter deal a 20% chance of going through at this point. If I had to guess I'd say Elon is going to keep bitching about the amount of bots on the app and use that to weasel out of the deal without paying the $1 billion penalty. There's no way in hell the board will accept a lower offer. He can’t weasel out of the $1 billion penalty because he waived due diligence. It’s like buying a house, waiving the inspection, and then trying to back out when you find out there’s termites (edit: before closing). You’ll get out of the deal, but it will cost you. Also, his criteria for “investigating” the bots is so ham-handed that no arbitrator or judge would side with him. Rod Hoofhearted fucked around with this message at 16:54 on May 24, 2022 |
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May 24, 2022 16:52
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Seth Pecksniff posted:I've never understood Tesla's valuation, other than it's based on moonbeams and unicorn poo poo It was like $80-something at the beginning of 2020. It's now $640-something, coming down from an all-time high of $1k. Nothing about the company has really changed in that time, except now we all know that Elon is a grade-A moron. Stock markets are dumb.
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May 24, 2022 16:52
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Rod Hoofhearted posted:It’s like buying a house, waiving the inspection, and then trying to back out when you find out there’s termites (edit: before closing). You’ll get out of the deal, but it will cost you. Also the house is known by everyone as the Termite House.
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May 24, 2022 16:55
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Seth Pecksniff posted:I'm not at all an expert on this, but I thought legally as long as the shareholders approve of it he has to buy it. Am I wrong on this? Rules don't apply to rich people, even when the rules only apply to rich people
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May 24, 2022 16:58
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this is a super great explanation. Thank you! 
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May 24, 2022 16:59
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Also Elon dumping a bunch of Tesla shares would cause the price to fall even more lol
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May 24, 2022 17:00
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The theory of a rational market will never hold water because it's run by inherently irrational beings it simply cannot exist
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May 24, 2022 17:02
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Even Hollywood accounting makes more sense than the stock market, and according to that, the Batman movie from 19fucking89 has yet to turn a single dollar in profit.
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May 24, 2022 17:04
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Rod Hoofhearted posted:He can’t weasel out of the $1 billion penalty because he waived due diligence. "well..ok they call him 'ant-man'..."
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May 24, 2022 17:08
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Rod Hoofhearted posted:
Have you considered that he’s a rich white man with a conservative bend? I agree that he’s royally screwed himself here but a chudge will always be a possibility if it goes to court.
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May 24, 2022 17:11
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BigglesSWE posted:Have you considered that he’s a rich white man with a conservative bend? I agree that he’s royally screwed himself here but a chudge will always be a possibility if it goes to court. Elon: "uwu I'm just a heckin' smol bean" Twitter Jack: "Your honor, heil Hitler." *chudge rules in favor of twitter because holy poo poo this musk guy is a dumb rear end in a top hat*
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May 24, 2022 17:15
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