But I mean you've proved the point? As a punter, if you bought early or late, you made a killing. And the "fraud" created a lot of value for SCTY shareholders.
I agree some shareholders could have lost money. But I'm also saying the buyout was better than the alternative and also that many shareholders would be sitting on fantastic profits RN if they held. This doesn't contradict that it's possible to make money trading frauds?
-
-
Better for whom? Not for Tesla shareholders who have to pay billions of Solarcity’s debt. There is a class-action derivative shareholder lawsuit over this. All defendants settled (for $60M) except Musk. March will be interesting.
-
It may have been much better for TSLA shareholders than letting SCTY fail because that would have damaged Musk's image as a demigod, which has been a huge source of reflexive value creation for them.
- 4 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.