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To: Red Badger
The poison pill would allow Twitter’s board to either flood the market with shares or allow current shareholders to buy more shares at a discount, reported The New York Times. Musk can counter using a tender offer to put his offer to the shareholders instead of Twitter’s board.

I'm no broker or a trader but...the above sounds like something that would get the SEC's serious attention if it were pulled by...oh...let's say...a Donald Trump.

It might be legal but doesn't seem fully above board.

10 posted on 04/15/2022 8:43:07 AM PDT by Bloody Sam Roberts (A morning without coffee is like...just kidding. I have no idea.)
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I think the best scenario would be for these demonrats to outbid the hell out of him substantially raising the stock price, then Elon sells it all at a profit while simultaneously crashing the stock price causing the outbidders to lose substantial money.

Reminded me of a scheme my friend used to do in college where he would donate one cent to the DNC which would cause the DNC to spend money and resources on mailings to thank him for his donation and ask for more donations


15 posted on 04/15/2022 8:54:50 AM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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