What is plan B?
VIDEO Elon Musk says if this Twitter deal doesn’t work out he has a plan B
https://rumble.com/v10zfkq-elon-musk-says-if-this-twitter-deal-doesnt-work-out-he-has-a-plan-b.html
And they’ve just breached their fiduciary responsibilities. Let the lawsuits begin.
CC
The Twitter Board is bordering on fiduciary neglect.
Get popcorn. Twitter is gonna start taking dark money, deep pockets to save itself. PR is gonna go to sh*t, shareholders will be screwed and lawsuits will fly!
Musk should start his own competitor to Twitter.
https://money.cnn.com/quote/quote.html?symb=TWTR
The institutional ownership is made up of Deep Staters with deep pockets who can pick the taxpayers’ pockets at will.
Won’t this dilute the value of Twitter stock?
So, twitter doesn’t care about the shareholders. They could have cashed out and moved to other investments. Now they will get less, and likely the longer they wait the less they will get back.
To bad the left couldn’t have fought that hard to keep manufacturing companies in the US open!!
Well depending on how devious Musk is he could use this to his advantage, quietly get a couple billionaires or investment groups that agree with his plan. Buy up 15% to trigger the “poison pill” where the board starts issuing tons of “discount” stock, have his “straw men” jump in and buy up all the discount stock, with the result that dumping tons of new stock will crater the price of existing stock, then buy up enough to get 50.1% and control of the company at a huge discount.
Profits don’t matter to the ‘woke’.
DOES NOT SOUND LIKE A LEGAL PLAN.
Who knew actual free speech was such a threat!!!
BUYING TIME......................
I believe that Musk will sell his stock which will lower the share price dramatically. Then he will repurchase at a lower price. I wish he would do this with precious metals.
I just want to know how much the Pelosi Family Syndicate will make on the deal
The key to opposing the poison pill is whether it goes against the fiduciary responsibility of the board to the shareholders and that argument may hinge on opposition to the clause that would allow shares to be bought “at a discount”, as a means to thwart an investor/investors obtaining more than 15% of Twitter shares. That discount - not a market derived value - would inappropriately allow some board-favored “investors” to obtain shares “on the cheap”, achieving shares valued at more than what everyone else might have paid for the same shares on the open market. It also means shares would be sold, at that discount, meaning less than market value, which, once executed could diminish Twiiter share values in the open market.
Unlikely that Musk will win. Some liberal oligarchs will step in to save it.
So he gets another shareholder to purchase 15% with a no interest load from Elon and then Elon can buy the rest of the stock at that “discount” offer.
I hope if the Twitter poison pill defense fails that Plan B is the Jonestown Kool-Aid defense,