Musk plans Supreme Court appeal after losing bid to terminate SEC settlement

Copying my comment from another thread:

But they're not just re-branding. Twitter is now under some kind of corporate shell company. I haven't seen much coverage of that, but my suspicion is that it's intended to act as some kind of insulator to contain Twitter's debts.

Like when they break a company into pieces and put everyone's debts and no assets into a single part and then that part declares bankruptcy and all the debt magically goes away, leaving everything else with lots of assets and no debts and a future that looks really rosy. I can't help but think that this is something similar to that.

It's kinda weird: we can see all these moves being made, but still have no real idea where it will leads.

What does he think is going to happen if he gets out of the settlement? The evidence seems pretty damning. If he was found guilty he would probably have to pay massive fines and likely devalue his shares in Tesla and his overall net worth.

So… the current posts from Musk on social media is the restrained version? I don’t think anyone really needs the unrestrained version then.

I wonder if he's hoping to tank the value, then win this appeal and force the reversal so this broken heaping pile of garbage goes back instead.