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GM scales back partnership with electric truck startup Nikola

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Re: GM scales back partnership with electric truck startup Nikola

#81

Post by hn_throwaway_99 »

shortandsweet wrote: post #75
walrus01 wrote: post #34

Earlier quoted context omitted.

Just to be clear, did you record this in a jurisdiction that is single-party consent for recording audio?

Just curious because I would like to learn a different perspective, why would it matter? I could see maybe for a trial but here, on the internet, what is the issue?

Some states are what is known as "all party consent" states, while others are "one party consent" states.

In all party consent states, it is illegal to record a private conversation unless everyone who is being recorded is aware and has consented to being recorded. In one party consent states (which are the majority of states), only one person (presumably the person doing the recording) needs to be aware of and consent to the recording.

That difference can obviously make a huge impact on the legal ramifications of recording. For example, during the Monica Lewinsky/Bill Clinton affair, the only person actually indicted for a crime (later dropped) was Linda Tripp, who was brought up on wiretapping charges for surreptitiously recording Lewinsky. This only happened because Maryland is an all party consent state.

This is also why customer service calls start with "This call may be recorded for quality purposes..." - it's to inform you that the call is being recorded if you happen to live in an all party consent state.

Re: GM scales back partnership with electric truck startup Nikola

#82

Post by joshribakoff »

posguy wrote: post #43
walrus01 wrote: post #34

Earlier quoted context omitted.

Just to be clear, did you record this in a jurisdiction that is single-party consent for recording audio?

Considering it wasn't a telephone call and was possibly in a common space (restaurant, lunch room, etc), this type of recording might not need two party consent in the handful of states that are not one party consent states: https://www.wallsheinlaw.com/articles/the-two-party-consent-...

This isn’t a defense against harassment, defamation, or any of the other charges that may apply including wiretapping (of which you list a possible defense). Listen to a lawyer not people on the internet, including me, when it comes to legal advice

Re: GM scales back partnership with electric truck startup Nikola

#83

Post by belval »

hn_throwaway_99 wrote: post #81
shortandsweet wrote: post #75

Earlier quoted context omitted.

Just curious because I would like to learn a different perspective, why would it matter? I could see maybe for a trial but here, on the internet, what is the issue?

Some states are what is known as "all party consent" states, while others are "one party consent" states. In all party consent states, it is illegal to record a private conversation unless everyone who is being recorded is aware and has consented to being recorded. In one party consent states (which are the majority of states), only one person (presumably the person doing the recording) needs to be aware of and conse…

I think your missed the point of the comment you were replying to.

Why would we on HN, care about whether or not the recording was legal?

Re: GM scales back partnership with electric truck startup Nikola

#84

Post by 55555 »

jariel wrote: post #72
throwaway0a5e wrote: post #59

Earlier quoted context omitted.

From GM's perspective they stood to lose nothing and potentially gain. It didn't matter if the guy was running a scam, might as well give him a shot in case he pulls it off since the buy in is so low (some tech they didn't care about). Oh "what about their reputation" you say? The only people who will know or care about this already have their driveways filled with Model 3s and 4runners and turn up their nose at GM.…

"From GM's perspective they stood to lose nothing and potentially gain. " No, investing 2 Billion in a scam essentially ruins the credibility of many people and puts the CEO in jeopardy. Being stupid has consequences, even if you can back out. "The big banks, the suppliers, the big corporate entities GM has to deal with don't care " Of course they care - you think that the suppliers of GM who give GM massive credit w…

You don't understand the structure of the deal. GM risks nothing and has upside.

Re: GM scales back partnership with electric truck startup Nikola

#85

Post by nefitty »

belval wrote: post #83
hn_throwaway_99 wrote: post #81

Earlier quoted context omitted.

Some states are what is known as "all party consent" states, while others are "one party consent" states. In all party consent states, it is illegal to record a private conversation unless everyone who is being recorded is aware and has consented to being recorded. In one party consent states (which are the majority of states), only one person (presumably the person doing the recording) needs to be aware of and conse…

I think your missed the point of the comment you were replying to. Why would we on HN, care about whether or not the recording was legal?

At the very least, people might do some additional research before engaging in surreptitious “journalism”.

Re: GM scales back partnership with electric truck startup Nikola

#87

Post by [deleted] »

omarforgotpwd wrote: post #55
walrus01 wrote: post #34

Earlier quoted context omitted.

Just to be clear, did you record this in a jurisdiction that is single-party consent for recording audio?

When we arrived at Nikola headquarters, we were told we could record everything. The idea was to get the word out on social media that the company wasn't a fraud.

[deleted]

Re: GM scales back partnership with electric truck startup Nikola

#88

Post by kjksf »

opportune wrote: post #38
chadash wrote: post #21

Earlier quoted context omitted.

The beauty of public markets is that you can make a handsome profit if this is your conviction, you put your money where your mouth is and it turns out to be true.

Not really because the IV and presumably cost to borrow NKLA to short it are both high. Essentially that means the market has already priced in that NKLA has a very high risk of failure. But as long as people keep agreeing to buy the stock for a certain value (even if it's a very small group) it won't crash.

At this point you might not be able to short profitably but there was plenty of opportunity even with relatively high borrow costs (~8% currently).

You just need to do it at the right time, before the market prices in the obvious fraud.

I naked shorted Nikola after the ridiculous spike caused by the initial GM deal. I'm already $100k up on that and I predict I'll make even more as the stock price drops.

I also shorted via short term puts a few days ago, when the price spiked a bit on the hopes of new GM deal. I'm betting that the stock price will drop tomorrow due to expiration of a lock up period which will unleash millions of new shares. I'm already up 100% on that and hoping for at least 500% (although if the stock goes up, I might loose 100%; will know by Friday).

What you call "market has already priced in" is people like me, who acted decisively and took the risk. The information was there, I (and people like me) didn't have any secret info. But unlike those other people, we had the courage of conviction and risk tolerance to take on high risk / high reward bet.

Re: GM scales back partnership with electric truck startup Nikola

#89

Post by redisman »

ct0 wrote: post #33
omarforgotpwd wrote: post #28

Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…

After listening to the recording it's pretty clear that this guy is a fraud. what is the lethal dose of acid? thanks, ill wait.

I bet if you eat 20lbs it would do something bad to your stomach

Re: GM scales back partnership with electric truck startup Nikola

#90

Post by opinion-is-bad »

gruez wrote: post #60
omarforgotpwd wrote: post #54

Earlier quoted context omitted.

Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000. He told Jonny to come and collect $50,000, and that $50,000 would be paid in successive increments as long as he continued not to post. When Jonny arrived to meet Trevor he found that Trevor was with the police and it was a sting operation. He was arrested for extortion and possession of a controlled s…

>Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000. IANAL, but how is that not entrapment? Or even if it wasn't entrapment, how is it different than signing a NDA/non-disparagement contract? >possession of a controlled substance (weed + mushrooms in his car) okay that's just dumb.

As a rule, coercion by offering money will never qualify as entrapment. The courts consider refusing money to be “too easy”, so to speak. An example of entrapment would instead be a threat of prosecution against your child unless you do some illegal act, or something else with a similarly more nefarious coercive force.
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