Posted on 04/15/2022 7:10:19 AM PDT by Red Badger
Titanic? Like iceberg Titanic?
It’s interesting how we are just learning that a Saudi Prince and Vanguard are doing all they can to BLOCK Musk from achieving the buyout of a MAJOR social media site! Not to mention somewhere in the underbelly lies China!
ti·tan·ic
/tīˈtanik/
adjective
Of exceptional strength, size, or power.
"a series of titanic explosions"
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
The liability they would thereby assume would be titanic in scale.— Elon Musk (@elonmusk) April 14, 2022
The CEO, senior management and the Board face personal bankruptcy from lawsuits by aggrieved stockholders if they do not do their fiduciary responsibility. Yet the Left won’t concede its stranglehold on free speech easily. Suspect Soros and other leftist billionaires are establishing a contingency fund to protect the Twitter people and may be acquiring Twitter stock themselves.
They are looking and talking to Vanguard and other deep pockets to rescue them. I would not rule out Twitter announcing a time period for “other offers” while they work on the background to assemble the funds. Just my guess.
Of course, they are looking for a “White Knight”................
The Board must at least make it known they can entertain “other offers”...................
Although it’s useful to note that he made the remark on the 110th anniversary of the sinking of the SS Titanic
No doubt. Leftists consider this war and will fight to the death. There are some very powerful wealthy limo liberals out there.
Of course, the leftists have the all powerful corrupt US government on their side.
Maybe Elon likes to play those sorts of "double meaning" things.
His offer for Twitter was $54.20 a share, a curious sum. Then he made a bunch of jokes about smoking pot at the board meetings.
5(4.20).
Nothing to prevent him from filing derivative suits as a shareholder while at the same time implementing his own Plan B if/when his offer is rejected.
The market rewards stability and predictability, and Musk holding Twitter is like Sleepy Joe holding a jug of nitroglycerin.
Why would a financially driven investor buy Twitter?
Has Twitter made a profit since their start?
How could an “investment” company rationalize buying an entity that makes little to no profit for anything other than rationalizing as charity?
Wouldn’t spending 40+ Billion dollars on a company with no ROI open the investor/ buyer to massive suits from their shareholders themselves?
Velly INTEL-esting!
Twitter hears a rumble from the jungle.
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