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 ...
Hey cuban, phu cough.
Nope.
Shares are meaningless in business decision making when your silent partner can imprison you at any moment on false charges.
Try that and see what happens to you.
America is not China. Yet.
And Musk has over 81 million REAL followers on Twitter.
That crushes Dementia Joe's fake “80 million votes”, with his 30's approval rating.
Always thought they were cut from the same cloth.
Musk is smarter than Trump. Trump did great in 2016 but a lot of it was luck. Trump made some stupid mistakes that he did not have to make in 2020 and the Left took advantage of that.
One way to greatly increase the power of the deep state is to make desparging exaggerations of its power. Those convinced that resistance is futile are less likely to resist.
Some complain that Cuban developed an internet company (broadcast.com) which was sold to Yahoo for $5.7 billion dollars, but the company ultimately proved worthless after only a few years. Others say this is precisely the source of their admiration for Cuban: he is the ultimate salesman, got billions of dollars for something worth zero.
Elon’s teaching a class, Cuban is flunking as usual.
That’s good, real good :)
Good point. Perhaps Musk is engaging in aggressive negotiations with the government regarding Tesla and SpaceX, i.e. FAA clearance at Boca Chica.
Cuban....lots of dollars and no sense.
So after the Board rejects the offer at $54.20/share, if the stock does drop precipitously, Musk can again offer another, LOWER premium off of the now depressed value. Such an offer would have the instant effect of quantifying the injury to stockholders in any resulting lawsuit.
The last Starship update was 2 months ago - Chances are that the FAA and EPA failure to issue permits has halted Starship for the indefinite future, or until SpaceX goes bankrupt.
Of course the board will be sued by shareholders. They are obviously acting against their fiduciary duty to shareholders to protect themselves and to protect their use of Twitter as a tool of Leftists.
“The Reich is here and it is real.”
American fascism has been a feature of the crumbling deep state weenie bureaucracy for 40 years. Welcome to the party.
Nope. They just switch to their Cape facility. They are already building the infrastructure there to build and launch Starships.
And they already have all the permits for that location.
Have the launch permit, but not the EPA permit
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