Definitely seems like there was some creative liberty in the submission title.
I suppose a "refusal" could be inferred by the lack of their acceptance on the initial buyout offer and their (apparent) rebuttal of a $2.5bil valuation.
For instance, if I offered you a million dollars cash for your house and you came back to me with an appraisal saying it was valued at $20mil... I think it would be clear (or at least strongly insinuated) that you refused my offer of a million dollars.
Thinking that's kinda what happened here? Seems like Elon didn't take to their method of countering and called the whole thing off.
Just my $0.02 and I'm not privy to all the inside-details. Could've gone down entirely different than any of us know.
Plus, it seems like there's a LOT of infighting among the co-founders and previous team. Will be curious to see if more information emerges.
In the UK at least, under case law (Hyde v Wrench, 1840), if you give a counter offer it legally voids the original offer. So if you offer to buy something for £1m and the seller responds that they will sell it to you for £2m, the original £1m offer is legally terminated - so in the UK, legally speaking, this would count as a refusal.
Unfortunately I'm not familiar with how this translates over to US law, but I'd be interested to find out.
That's an interesting question about US case law, but my guess is that the negotiations had lots of clauses like "this supercedes any prior offer" and in this case things are a bit cut and dry, legally speaking. That's why we have lawyers, after all.
Finding this piece really interesting though for other reasons. Had a similar idea for a project based in that area a couple years back. Imperial Valley (in general) strikes me as a HUGELY under-capitalized opportunity at the moment.
As a San Diego native, grew up familiar with it as the cesspool and stink-puddle that it is... but, if you look into the history of Imperial Valley and Salton Sea (and the abundance of mineral-rich 'dust' and other waste) it's actually an extremely fascinating tale.
Anyone want to put a few million into helping establish a similar project? Seems like there's way more than just Lithium to be monetized out there.
I'm pretty sure his wife had it, last I spoke with her shortly after his death. Nowadays, it's likely his daughter might have it.
Have a lot of great memories thoroughly enjoying that book as a kid. Used to flip through it and test him through-out our sessions. Loved every minute of it.
Please email me traffic details and more info. Would be very interested in taking over, or working with you, on this project to grow it to that next level.
Out of all the altcoins, seems like this one has strong real-world application and brings a lot of value to these Indian tribes. Similar to what Bitcoin has done in other nations that lack a strong national currency.
MazaCoin is also the "official national currency" of a Sovereign Nation, so it can't "technically" be outlawed. Huge step forward for crypto currencies? Outright scam? What do you guys think?
Thoughts on this coin in specific? Altcoins/cryptocurrency in general?
For now it's just another altcoin (zetacoin clone) that is riding the same speculative trend as auroracoin has been for the last couple weeks. If it is actually officially recognized by the tribe and if it starts getting used more like a real currency on tribal lands, it stands a chance at establishing a more stable value and breaking new ground as a cryptocurrency. I figure this is at least several years off and is highly speculative in itself. The coin additionally still has the problem that all the others do, and most of them will end up in the hands of cryptocurrency speculators and not indians, which would seem to cast a rather uncertain future on the coin.
That being said, I bought some and am mining some, I think it's cool.
