Elon Musk, the CEO of Tesla, is known for making headlines with his social media statements. In a recent post on X, Musk made a bold claim, stating that if Tesla becomes the world’s most valuable company, even billionaire Bill Gates, co-founder of Microsoft, could potentially go bankrupt. The statement has reignited the long-standing feud between Musk and Gates. The conflict dates back to 2022 when Gates allegedly suffered a significant loss of $1.5 billion due to his short position on Tesla’s stock.

Musk posted on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” Musk’s statement was a…

KATIE Price is being paid an eye-watering five-figure salary for her latest pantomime gig, The Sun can exclusively reveal.

The former glamour model was declared bankrupt for a second time in March over an unpaid tax bill of £761,994.05.

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But Katie, 46, won’t have to pinch the pennies this Christmas as The Sun has learned she’s landed a £50,000 payday for teaming up with pal Kerry Katona in a production of Cinderella at Northwich Memorial Court.

She and Kerry, 44, are playing the wicked step-sisters in the panto, but…

German aircraft maker Flight Design has run out of cash and filed for insolvency.

The managing director of Flight Design filed for insolvency in court with outstanding debts in the ‘mid-six-figure’ range.

The court appointed lawyer Marcello Di Stefano, a partner in specialist insolvency company Diligens, as provisional insolvency administrator.

Mr Di Stefano said, “The company’s order situation is good and the products have a very good reputation on the international market, and the outstanding debts are manageable.”

One of the first tasks is enabling the financing of business operations, said Mr Di Stefano.

“This would make it possible to maintain the Flight Design Group with its EASA Design and Production Organizations…

Lorraine McGowen
Partner

New York

Lorraine brings 30+ years of legal experience in bankruptcies, out-of-court restructurings, sovereign debt restructurings and creditors’ rights controversies. She interfaces with auditors, government regulators, investment bankers and others, and develops and implements mediation and litigation strategies, and negotiates reorganization plans and complex corporate and finance documents. She also regularly provides commercial law and bankruptcy advice in…

SARASOTA, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) — Oragenics, Inc. (NYSE: OGEN), a biotechnology company advancing innovative treatments for brain-related health conditions, today announced the conversion of its remaining outstanding convertible Series A and Series B Preferred Shares into common stock. The conversion helps simplify the company’s capital structure and eliminates approximately $2.35 million in liquidation preference, effectively removing a significant overhang on the company’s stock.

Holders of the Company’s remaining 5,417,000 Series A Preferred Shares and 4,050,000 Series B Preferred Shares exercised their right to convert their shares into a total of approximately 22,000 common shares. The…