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Reynolds Woodcock

Burnt Ends
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Everything posted by Reynolds Woodcock

  1. Lol. D’Angelo Russell is a losing player and always has been. Once they saw Russell up close and personal and found a team dumb enough to attach an actual asset (the draft pick), he was always going to be gone. And they would have done the exact same thing with Wiggins before his excellent playoff run.
  2. The Empty Man was my favorite movie of 2020. Awesome stuff.
  3. I stayed at the GT last October after 10 days in Monforte. Pretty tough to beat the balcony views. Highly recommend renting a boat to spend your day driving up and down Lake Como. If you don’t have dinner plans, the Rabbit and Polenta at Fagurida are excellent.
  4. Caught this last night. It was all over the place in terms of tone and a lot of it just really did not mesh together. It kind of wanted to be a teenager saves the day kid genre similar to Stranger Things, but then also had some real violence and horror elements. There were also some really, really stupid and/or cringy parts of the movie. The entire plot line with Daniel from LOST was horrendous. Hawke was great as always, but also seemed like he was in a different movie from the other actors. All of that said, I didn’t think about work for 2 hours on a Friday night, and for that I give it 5 stars.
  5. Just to be clear, the provision you highlighted does not apply in this context. Twitter is suing (or has said it will sue) to specifically enforce buyer's obligations under the merger agreement and equity commitment letter (including closing once all of the other conditions are satisfied). They are not suing buyer to pay the reverse break fee. The reverse break fee is only payable if Twitter terminates for certain actions taken by the buyer (certain material breaches or failing to close when otherwise required). If Twitter gets specific performance for a closing it doesn't also get damages. Musk is just forced to buy a company that has significantly less cash because it just paid millions of dollars in litigation expenses. If they settle and go their separate ways, maybe litigation expenses are rolled up in the settlement. The risk to Twitter is incurring a shit ton of legal fees and then losing the suit. Now you have an impaired asset, you are out the litigation fees, and your directors are being sued by every shareholder plaintiffs' lawyer under the sun. What Twitter theoretically could do in the alternative is something like send him a notice that he invalidly terminated, but that he is in material breach of his covenants and thus Twitter terminates and is owed the reverse break fee. At that point, the interest and fees and expenses provisions would kick in if they won in court. But so far they haven't signaled an intent to go this route.
  6. I’m not sure I agree a center like Gobert will age very well. If you trade as much as the T Wolves did, you better be getting an All NBA level player, and outside of the truly all-time greats, there aren’t a ton of over 30 All NBA Centers.
  7. And this is the primary reason I *think* this ultimately ends in a settlement if Elon is willing to play ball (who the fuck knows). The Twitter Board never thought a Musk takeover was best for the business long term, but once financing was committed the immediate price was too good to turn down without being sued to shreds. Do we really think they now want to steer a protracted litigation to force a deal they never wanted in the first place? Unless Twitter was truly committing fraud or damn close to it, I think they should fight Musk as hard as they can in Delaware to see if they can push him to a reasonable settlement. And if he just refuses to settle? Well, I'm a deal lawyer and not a litigator, but I have a feeling Slights, Laster, etc. won't be as enamored with Musk's schtick as the online white bro culture seems to be, which, together with Twitter's strong contractual standing, puts them in a solid strategic position if they can stomach a fight.
  8. Ha, you have no clue what you are talking about. Best to go fire up another episode of Rogan and sit this one out.
  9. Catching up on this thread this morning. Years of posting TexAgs screen shots has made you way, way too adept at this game.
  10. He’s absolutely right that any lawyer would rather be in Twitter’s shoes vs Musk’s from a contractual standpoint, but that’s assuming both sides are equally financially motivated/capable of pursuing litigation to judgment. I hope that’s the case, but not so sure Twitter won’t fish for a settlement to save face and go about their business. Although, having said that, Musk doesn’t seem like a rational person. He might very well push forward with litigation even if Skadden is advising him to settle, just for sport. Great deal/case to be a Skadden partner; terrible deal/case to be a Skadden associate.
  11. He can’t terminate and pay the break fee period; it’s a reverse break fee triggered by Twitter terminating the agreement as a result of Elon committing a material breach or failing to close when otherwise required (presumably failure of financing). He’s purportedly exercising his customary termination right resulting from a breach by Twitter that would result in a condition failure (failure to comply with covenants in all material respects). There are some other throw away arguments in the letter as well. I suspect he has a losing (albeit plausible on its face) argument and Skadden knows that, but I question whether Twitter had the stomach and resources to fight. In their ideal world, I think they’d like to take a large settlement and keep the company public.
  12. My wife and I saw this last year, at age 33. I loved it. She thought the female lead was unrealistic/devoid of depth and clearly written by a male writer.
  13. On the one hand, having a team with KAT, Gobert and Russel is just incredibly ripe for an epic let down. On the other hand, Anthony Edwards is awesome and may be a top 10 player in the league within 5 years, so who knows. They do need to ship out Russel asap. Dude is not a winning player and does nothing but steal on ball time from Edwards. Incredible they gave up Wiggins and the Kuminga pick for him.
  14. That is a great trade for the Celtics. Give up scrubs and a late first round pick absent a total collapse.
  15. Nahlin is a certified cunt regardless of his sourcing. Gerry is worth the price of admission.
  16. -90% of poster during the first two years of Strong and first two years of Herman (and probably first two years of Mack reset). I too am excited.
  17. Idk, those 2015-2016 teams were awesome. Draymond and Klay were both so much better, and Iguadala was a beast. Then they had guys like Barbosa, Livingston and David Lee on the bench. Agree that Wiggins > Barnes
  18. I’m going to cheat and omit Russell, West, Chamberlain, and Oscar (so basically 70s-2022). MJ, Kareem, LeBron, Magic, Bird, Duncan, Kobe, Steph, Hakeem, Shaq, Durant. Depending on the development of Pool, Kuminga, and Wiseman and how long guys like Dray and Klay can stay competitive, Steph might not be done.
  19. Patriots and/or Spurs, with Curry playing the role of Brady/Duncan. Different permutations of the franchise, with one all time great steadying force.
  20. Yep, insane. He’s been unreal. That said, this series is going 7. As you say, a long way to go.
  21. Your mom should have swallowed you, fuck face
  22. If you watch this game, and all you can do is bitch about refs, just quit watching the NBA.
  23. Hah, what an ending. I thought he didn’t get it off live. Steph was due a clunker, but the Ws need to get something from him points wise in the 4th to have a good shot.
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