Re:France's AMF watchdog fines Bloomberg €5M over Vinci hoax
by Hamuko on Wednesday December 18, 2019 @12:53PM
(#21827368)
This is what the SEC had to say about it:
>In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source.
>When he made these statements, Musk knew that he had never discussed a going-private transaction at $420 per share with any potential funding source, had done nothing to investigate whether it would be possible for all current investors to remain with Tesla as a private company via a “special purpose fund,” and had not confirmed support of Tesla’s investors for a potential going-private transaction.
>In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source.
>When he made these statements, Musk knew that he had never discussed a going-private transaction at $420 per share with any potential funding source, had done nothing to investigate whether it would be possible for all current investors to remain with Tesla as a private company via a “special purpose fund,” and had not confirmed support of Tesla’s investors for a potential going-private transaction.