Posted on 04/15/2022 11:17:29 AM PDT by DUMBGRUNT
If Elon's bid is rejected, I don't believe regulators will authorize other platforms to acquire Twitter.
Elon's bid is the best chance of passing Reg. If it isn't accepted the shares will drop below $30/sh & the board will be sued by shareholders
Nick Short @PoliticalShort · Apr 14, 2022 If the board of directors at @Twitter reject the offer made by @elonmusk, then wouldn’t the board be acting in direct opposition to the financial interests of their shareholders?
Elon Musk @elonmusk Absolutely. It would be utterly indefensible not to put this offer to a shareholder vote. They own the company, not the board of directors.
"If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty," Musk tweeted.
(Excerpt) Read more at foxbusiness.com ...
Cuban should stick to selling discount pharma. Not that I trust Elon, either.
“shares will drop below $30/sh “
Popcorn time.
Exactly. All the right enemies.
So Twitter doesn’t want to sell to an African American, huh?
Monday should be interesting.
I thought his bid was already rejected.?
Twitter is owned by the deep state.
Shares are meaningless in business decision making when your silent partner can imprison you at any moment on false charges.
It’s on display for all to see.
How jealous of Musk do you suppose Cuban is?
The board and bosses at twitter made their bed and now they are realizing there are no blankets and its getting very cold.
I’m getting to like this guy more and more. He is not only a visionary regarding space exploration, but seems to be a patriot and willing to play the media game. Love that he puts his money where his mouth is. I wonder if Trump is advising him in the background.
The board tried to screw him, now he’s screwing them.
Bad case of penis envy working there.
Not that I’ve heard, the Board of Twitter has adopted Poison Pill Defense, which affects the number of shares any one person can own, what that is I’m not sure of.
The problems for twitter are many, if they outright reject the offer which is a premium price, they could feel the rath of the shareholders and an avalanche of lawsuits.
If Musk walks away and the price twitter stock drops as predicted in this lawsuit, another avalanche of lawsuits could happen.
The other thing that could happen is what happens if Musk recruits an ally, someone like Peter Theil, joins Musk and ups the offer and it gets rejected as well.
You could get an all-out internal war for control of Twitter, lawsuits from the stockholders and a proxy war for control of the company.
Slightly less than Romney is of Trump.
Ask the 6th January prisoners about imprisonment at any moment on false or contrived charges>?
“How jealous of Musk do you suppose Cuban is?”
Considering Musk offered 10X Cuban’s net worth to buy ONE company, I would think the jealousy factor is pretty high.
If Cuban entered an intellectual fight against Musk I would bet the farm on the guy from South Africa. Musk would slaughter the guy and only need a quarter of his brain.
Cuban is a jerk
Look for multiple investigations into Tesla and SpaceX implying fraud, tax evasion, and discrimination to hit this month.
“ It’s on display for all to see.”
Fascist America - the now U.S. government.
It’s time we stopped pretending this is somehow the same country/system that we grew up in.
The Reich is here and it is real.
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