Elon Musk Slams SEC's "Unconstitutional Power Grab" and "Unprecedented Overreach" in Contempt Motion Response
Yesterday was the long awaited deadline for Elon Musk to explain to the SEC why his recent (grossly erroneous) Tweet regarding annual production - a Tweet that had to be amended by his lawyers 4 hours after it went out - didn't violate Musk's already existing settlement with the SEC over another far more grossly fraudulent Tweet, when he lied that he had a buyout offer lined up for his $60 billion company.
The SEC had sought to hold Musk in contempt of court as a result of his recent Tweet and after figuring out that Musk had not had his Tweet pre-approved by company lawyers, as is required by his "funding secured" settlement with the SEC. Recall, on February 19, Musk Tweeted that Tesla would make "around 500K cars" in 2019.
This production target immediately caused a stir on Twitter, with many of the company's critics pointing out that Tesla's run rate for the rest of the year would have to be breakneck and record-setting in order to substantiate such production. Some chose to forego pleasantries and simply call Musk out immediately after the Tweet. Short seller Mark Spiegel, for instance, called the guidance "100% fraudulent" minutes after Musk Tweeted it out.
Musk's response as to why he should not be held in contempt for this Tweet was laughable, if not sad at this point.
For example, it opens with a little light comedy, stating that production numbers - the lifeblood of the company's relationship to Wall Street - were immaterial, also claiming that the Tweet "dutifully complied with the [settlement] Order".
He then went on to argue semantics with the SEC settlement, claiming that he could act as his own "Authorized Executive" to pre-approve his own Tweets. The response astonishingly claims that Musk, not the company's lawyers, are permitted by the settlement to determine whether or not his Tweets are of a material nature first.
rest at link
https://www.zerohedge.com/news/2019-03-12/elon-musk-slams-secs-unconstitutional-power-grab-and-unprecedented-overreach-0
What little enforcement they had at time was totally removed by….
Bonjour collègues patriot
hmmm is right. duvrai is corsican?
ty. thrown by the lack of space. Early here still.
still have 11/11/18 in memory and 'that' speech by you know who. Pious doesn't even begin to explain petite homme.
Futures Slide, Rally Fizzles Ahead Of Brexit Meaningful Vote
(-47 is not a slide but hey I don't write the headlines. Oil trade suggests it will not be much of one)
An overnight stock rally fizzled, futures dropped and the pound tumbled, erasing all of its Monday gains as the latest risk-on mood faded away after Theresa May struck a new deal ahead of today's meaningless vote, which UK bookies still see May losing resulting in even more confusion over next steps.
European real estate and financial-services shares helped push the Stoxx 600 higher in early trading, although the rally faded away as the session progressed, with the index fading much of its overnight gains
while Asian stocks headed for their biggest gain since January and emerging-market shares jumped. U.S. futures advanced after the S&P 500 and Nasdaq 100 indexes surged a day earlier, helped by news of a technology merger, an upgrade to Apple and signs of stabilization in American retail sales. MSCI’s broadest index of Asia-Pacific shares outside Japan closed up 1%. China’s Shanghai Composite pared early initial gains of as much as 1.9%, sliding back to unchanged, before a last hour bounce sparked perhaps by intervention from the National Team helped China eek out another day of modest gains, even as traders took profits; the CSI 300 Index also trimmed gains after rising as much as 2%, even so the index was up 25% this year while the ChiNext rose 1.1%, close to erasing 2018 losses.
rest at link
https://www.zerohedge.com/news/2019-03-12/futures-slide-rally-fizzles-ahead-brexit-meaningful-vote
https://www.bloomberg.com/markets/stocks/futures
https://www.dailyfx.com/crude-oil
https://www.kitco.com/charts/livegold.html
gold/silver ratio is around 1/80. Silver is even moar manipulated than gold and has been for a long time. You are on right track.
jeffy boy had to look it up to make sure snake did not have a cameo. been a long time since I watched it.