Posted on 04/01/2022 5:57:02 AM PDT by weston
that answers my question in my previous post.
So Elon offered 41 billion to buy all of twitter. Now the Board decides if they want to sell it to him? It’s a no brainer offer and they’d all make a shit ton. The only reason to say no is cause they don’t like him right? Do I have that right?— Dave Portnoy (@stoolpresidente) April 14, 2022
And if they say yes then everybody who owns any twitter stock basically gets cashed out at 54.20 a share and it all goes to Elon. That’s wild.
So maybe it’s not that great an offer. Maybe the Twitter board thinks they are smarter than Elon and can get it to 75 a share. But if they don’t sell the stock price is gonna crash I think. Elon has em by the balls.
If @Twitter rejects @elonmusk's offer, @paraga has to resign, as will most of the board. They will have acted directly against the financial interests of shareholders, violating their fiduciary duty.— Derek Hunter (@derekahunter) April 14, 2022
Hypocrisy.
This explains it better than I can.
Noah’s Nightly Newsletter – 4/13/22
https://truthlion.com/noahs-nightly-newsletter-4-13-22/
* Yuval Noah Harari: “I Don’t Expect There Will Be Genders In 50 Years…”
* NOT SATIRE: The “Church of Lucifer” Stands With Ukraine
* Disney Channel Star Recording On Satanic Worship In Hollywood [Watch]
* Celebrity In The Fight And Not Backing Down, GET FIRED UP
* Bird Shat on Biden, Bird Salutes Putin [Funny]
* Watch: Can You Help Us Decipher What Biden’s One Word to Describe America Is? “Ahwazinnafoothiminnawhu”?
* USPS Will Stop Delivering Mail In Santa Monica California
* WATCH THE WATER: My Take On The Viral New Documentary [From NOAH]
* New “Riot Fence” Set Up Outside The Federal Reserve Bank Building?
Thanks for the link, Rusty.
Sure hope you are feeling better.
The Twitter board meeting has begun ... pic.twitter.com/uoaBmk15kh— Catturd ™ (@catturd2) April 14, 2022
Keep in mind, while they act like @elonmusk is some kind of far-right ideologue (he’s not), he literally just believes in free speech.
That’s what has the left in such a panic. The idea of people that disagree with them being “allowed” to have free speech.
That’s it.— Bongino Report (@BonginoReport) April 14, 2022
‘Oceania Had Always Been at War With Eurasia’: Corporate Media Shifts Public Enemy #1 Overnight (Or;Why the Vaccinated Are MUCH More Likely To Support a No-Fly Zone in Ukraine…)
Actually, as Winston well knew, it was only four years since Oceania had been at war with Eastasia and in alliance with Eurasia. But that was merely a piece of furtive knowledge which he happened to possess because his memory was not satisfactorily under control. Officially the change of partners had never happened.
Oceania was at war with Eurasia: therefore Oceania had always been at war with Eurasia. The enemy of the moment always represented absolute evil, and it followed that any past or future agreement with him was impossible.
-George Orwell, 1984
The smoothness with which the corporate media redirects its viewers’ base emotional response — emanating from the deepest reptilian caverns of the medulla oblongata, the “lizard brain” — is… uncanny, other-worldly, jaw-dropping.
Almost overnight, sometime in February 2022, the corporate left’s Public Enemy #1 morphed from the much-maligned “anti-vaxxer” murdering their grandmother by COVID breath into a Russian:
“The vaccinated also say, almost unanimously (88%), that Russia is guilty of war crimes in Ukraine, while only 32% of unvaxxed respondents agree, and 42% say they don’t believe it is happening at all.”
The Twitter thing is a fun diversion.
A lot of people are wondering what’s going to happen next in the Elon/Twitter saga.
Here is a 🧵 on what the process looks like & why I’m bullish on Elon owning Twitter.
Twitter can’t just say “sold” or “not sold.” Public companies must go through a rigid process whenever (1)— BowTiedRanger (@BowTiedRanger) April 14, 2022
they receive a tender offer.
Twitter must now form an independent committee with its own advisors to evaluate the offer & determine the “entire fairness” of the offer, which will prob require them to run a sale process. Essentially, they will have to shop around the offer. (2)
The deal is also contingent on Elon obtaining debt (Elon said he would take debt, which he should), which is a big hurdle.
No other offer is going to come even close to the price Elon is offering, making it highly unlikely a shareholder would sue if they took Elon’s offer. (3)
When Elon rejected the board seat, the price dropped, making the offer premium look even sweeter. And also highlighting that Elon controls a good bit of Twitter’s share price. Which is a huge turn off to potential buyers.
As for debt, it’s probably (4)
going to be a $20BN+ financing package, which will require a fairly large group of lenders.
The collateral for the lenders is Twitter post-acquisition so the underwriters need to get comfortable with what that exactly means. Loan values that high need to go to investment (5)
committees, go through internal controls & compliance, regulatory approvals, etc. Lot of red tape here.
For purposes of the “entire fairness” standard, the burden is on the acquirer (Elon) so the events leading up to the offer will be scrutinized, to include the arguable (6)
stock price manipulation from the back & forth over the board seat.
So how do I think it will play out?
I am bullish on Elon owning Twitter at the end of this journey. (7)
Elon might get frustrated with the process which the board & management could lean into to elongate to try & push him away— but, there’s no way they’ll come to the conclusion that the price is not fair. (8)
I could also see a truly independent committee come to a swift conclusion that it’s fair & get to a shareholder vote ASAP w/in statutory & regulatory guidelines.
But, absent Elon getting frustrated with the process and walking away, I think Twitter will be his. (9)
This is such a new frontier—it’s not even a hostile takeover, it’s a gift-wrapped takeover from a single individual shareholder. Not an institutional sponsor, but the world’s richest man. Elon is playing games that no one else can play. (10)
You know there is some truth to that. May concern is the obvious attempt to expand the war by knocking out Russian ships. Do we really think nothing will happen for that, no reciprocal action? These people are crazy!
So silly.
Who wants to go into a building that was built based on calculations chosen by fairness?
Laura Loomer @lauraloomer 2h ·
The Democrats will never allow Elon Musk to get away with buying Twitter.
Twitter is their essential tool in keeping control of our elections. And eliminating free speech is the favored tactic of communists.
That type of power is priceless.
Twitter doesn’t want people to have free speech or free and fair elections.
The former US President Donald Trump called the events in Ukraine a genocide.
BNO News
@BNONews
·
1h
Twitter’s board of directors calls 10 a.m. ET meeting to discuss Elon Musk’s takeover bid - CNBC
@zerohedge
· 2h
TWTR to hold board meeting shortly
Good morning, Gran and TFT!
I LOVE the smell of Musk’s Hostile Takeovers, in the morning :)
I love the ‘gift wrapped, one buyer’ description...lol.
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