ST Alpha - "transactional lawyers, is it bad when your lead financing pulls out of a deal the day after client had you send a letter affirming an intent to close? -- (link)" (Reading a Post)

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transactional lawyers, is it bad when your lead financing pulls out of a deal the day after client had you send a letter affirming an intent to close? -- (link)

Posted by hollywood big shot (aka pickmix) Oct 5 '22, 13:46

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https://twitter.com/TheStreet/status/1577755455622881280 (twitter.com)

Responses:

Or he know damn well they wanted to pull out. He only has to perform if the debt is there and available to him. - spamlet Oct 5, 14:17 4
- Not necessarily. I don't know what the court ordered, but his offer had no financing contingency. -- nm - pmb Oct 5, 14:24 3
  - Hmm, I thought it did but I guess not. -- nm* - spamlet Oct 5, 14:36
  - right. but short of sending the goon squad to shake $44b out of his pockets, i presume he's going to do the deadbeat shell game of transferring assets - hollywood big shot Oct 5, 14:29 1
    - Probably, although that's a lot harder when we all know what the assets are (Tesla stock) and it's a US company. It's a classic fraudulent conveyance. -- nm - pmb Oct 5, 14:42
If you're Twitter, fair assessment to say you're popping champagne? - Will Hunting Oct 5, 14:07 2
- define "Twitter" whoever stands to get paid (if Musk ever does ultimately pay, of which i remain skeptical) may still feel secure. the rest of them? - hollywood big shot Oct 5, 14:15 1
  - Which will be an excellent way to set fire to $44 billion. -- nm - Reagen Oct 5, 14:16
pulling out is never an effective strategy -- nm - oblique Oct 5, 13:47 1
- Abstinence is the only proven method. -- nm - colin Oct 5, 13:47

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