Posted on 06/21/2022 9:34:02 AM PDT by JV3MRC
So—what happened to Musk’s request about the bot accounts?
Twitter Board is trying to unload the pig in a poke while the price is high. If Musk learns Twitter has tons of bots, the price will go down.
I think they are hoping to derail the request by getting the shareholders to jump on the agreement without having to show the actual numbers. Caveat Emptor!
Yeah, what Betty Jane said!!!!
You never buy a used car unless it’s been inspected by an independent licensed professional.
Musk is no fool.
Money trumps woke.
I think Musk knows what’s going on at Twaddle.
zero chance it goes through as is (and probably close to zero at all)
further, twit is trading around $38/sh....the deal is $54.20....doesn’t sound like many are optimistic that it gets done.
I thought he decided not to buy.
Win? Hardly. TWTR stock is $14/share lower than his bid!
He knew that when he made the initial offer. The point was to checkmate the board because it legally couldn’t recommend against the acquisition since the initial offer was offering a sizeable profit to shareholders per share. Twitter has a fidicuiary responsibility to act in the best interests of its shareholders so Musk’s offering allows him to negotiate on HIS terms. Twitter’s Board coming out with this now shows that they buckled. It’s Game. Set. Match. Musk now holds the cards.
“Git the money while the gittin’s good, boys!”
*fiduciary
Yeah, Betty Jane. You nailed it. Trying to start something that hopefully would stampede Musk into accepting a pig in a poke; er “a cat in a bag” if someone might prefer.
Musk will cause Twitter Shock ,LOL
I think that now Twitter has to show the evidence or Musk can still walk away.
That’s two separate processes. Musk is still trying to get himself off the hook for this pig-in-a-poke, but it may well cost him a billion dollars or more to do so. If the shareholders do not appove though, that would be good news for Musk as it would mean he could skulk away, only having halved the value of Tesla.
I think you mean Musk is now holding the bag.
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