Replies to post #141119 on DD Support Board and Research Team

[Monksdream]

Apparently this Adam Levin has in mind to generate buzz about creating some kind of multi media conglomerate with all it reefer related. Anything to get the suckers to pony up the crowd funding money. No doubt this will also generate a good deal of attention by investigative reporters who will attempt to unravel what amounts to a total scam.

[Rocketstockpix]

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOPS

https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-report-elon-musk-sued-by-sec.html

SEC charges Tesla CEO Elon Musk with fraud
In August, Musk tweeted that he was considering taking Tesla private, adding "funding secured."
Sara Salinas | @saracsalinas
Published 32 Mins Ago Updated 3 Mins Ago
CNBC.com
Tesla CEO and founder of the Boring Company Elon Musk.
Kiichiro Sato | AP
Tesla CEO and founder of the Boring Company Elon Musk.
Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.

Shares of the automaker fell roughly 10 percent in extended trading Thursday.

In August, Musk tweeted that he was considering taking Tesla private, adding "funding secured." The tweet spurred a scandal-ridden fall for Tesla.


Elon Musk
?
@elonmusk
Am considering taking Tesla private at $420. Funding secured.

12:48 PM - Aug 7, 2018
87.7K
22.2K people are talking about this
Twitter Ads info and privacy
Musk later explained he had been in discussions with the Saudi Arabian sovereign wealth fund and felt confident the funding would come through at his proposed price of $420 per share. Musk said in an interview with The New York Times that he calculated that take-private price by rounding $1 up from what would have been a 20 percent upside at the time.

"According to Musk, he calculated the $420 price per share based on a 20% premium over that day's closing share price because he thought 20% was a 'standard premium' in going-private transaction," the SEC alleged in its suit. "This calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the number's significance in marijuana culture and thought his girlfriend 'would find it funny, which admittedly is not a great reason to pick a price.'"

Read the lawsuit as filed in the Manhattan District Court below, and download the file here:


—CNBC's David Faber contributed to this report.

This is breaking news. Please check back for updates.


https://www.cnbc.com/2018/09/27/ex-sec-chair-elon-musk-could-be-removed-as-ceo-face-jail-time-.html