patrick.net

NDrLoR says

Hircus says

My guess is Elon talked with the board in preparation to join it, then realized that when in private, they were all commies who opposed his ideals of free speech

This reminds me of when Ross Perot joined the board of GM in the early 90's with the intention of changing its cultural rot. He told them the truth and they just couldn't take it, bought him out for $750M. Now GM has about a 17% share of the market when it used to worry about having over 50% and be in violation of anti-trust 50 years ago because it made such good cars and had one "for every purse and purpose" per Alfred P. Sloan.

In many case, success and/or unearned $$ leads to idiocy.

I doubt he even planned to join the board in the first place. He bought the chunk of shares so he can threaten dumping them and sending stock price into the toilet if the board resists the takeover.

WineHorror1 says

In many case, success and/or unearned $$ leads to idiocy.

Most of the Dotcom California Libertarian Entrepreneurs became wokey dokey Execs since the 90s.

Any remember "Don't be Evil"?

I'd be just as thrilled to see Trump Jr as CEO.

The guys (foreigners) who run google and Twitter don’t give a shit about your free speech nor privacy rights.
Neither does that twerp Zuckerberg.
A pox on all of them.

To buy TWTR or not to buy? I mean us personally.

His offer is considerably above the current trading price. I guess that implies that the market does not believe it's going to happen.

And how does this work exactly? I guess he needs to ask the board to sell since he has less than 50% of shares. But I don't understand how it works. So if the board votes yes, then all shares get sold to Elon, and minority shareholders who didn't want to sell are simply compelled to sell.

Drew Hernandez
@DrewHLive
3h
None of the leftist fascists working at Twitter are afraid of being silenced and censored if @elonmusk owns Twitter

They are afraid of possibly losing the ability to silence and censor anyone they don’t like
Apr 14, 2022 · 1:43 PM UTC

Oak tree
@Oaktree65472824
47m
Replying to @DrewHLive @ezralevant @elonmusk
If Elon Musk owned Twitter in 2020? The Hunter Biden laptop story does not get suppressed. Probably changes the presidential election outcome.

More from Elon to the board:

As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made.



After the past several days of thinking this over, I have decided I want to acquire the company and take it private.



I am going to send you an offer letter tonight, it will be public in the morning.



Are you available to chat?



[VOICE SCRIPT]



1. Best and Final:
a. I am not playing the back-and-forth game.
b. I have moved straight to the end.
c. It's a high price and your shareholders will love it.
d. If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.
i. This is not a threat, it's simply not a good investment without the changes that need to be made.
ii. And those changes won't happen without taking the company private.


2. My advisors and my team are available after you get the letter to answer any questions
a. There will be more detail in our public filings. After you receive the letter and review the public filings, your team can call my family office with any questions.

https://www.sec.gov/Archives/edgar/data/1418091/000110465922045641/tm2212748d1_sc13da.htm?source=patrick.net#ex-b_001

So much for Saint Musk:

If Elon buys it, Blackrock and Vanguard are out. So they make a few billion. It's nothing to them compared to their stranglehold over corporate media. That's where their real power is, and Elon is threatening that.

I bet he's going to sell all his shares.

I bet he's already bought options to sell

I don't see why people think Twitter matters as a company. They have a terrible reputation, nobody that matters go to platforms that engage in censorship, their userbase is a bunch of low grade morons, and it's a propaganda outlet.

Let's see, but I bet this was just a plan to make a quick buck. Purchase the stock, give people hope the company will reform, buy options to sell, sell the stock, and profit as the stock reverts.

WineHorror1 says

He told them the truth and they just couldn't take it,

Truth, that is the main problem of government and governmental corporations. They don't like. They will go to extreme extent to undermine truth because truth will impact their money and power.

richwicks says

I bet he's going to sell all his shares.

I bet he's already bought options to sell

I don't see why people think Twitter matters as a company. They have a terrible reputation, nobody that matters go to platforms that engage in censorship, their userbase is a bunch of low grade morons, and it's a propaganda outlet.

Let's see, but I bet this was just a plan to make a quick buck. Purchase the stock, give people hope the company will reform, buy options to sell, sell the stock, and profit as the stock reverts.

I am willing to give Elon the benefit of the doubt at this point. Maybe he has some good in his heart.

Ceffer says

So much for Saint Musk:

Let's wait and see how this pans out. If he is able to buy Twitter, it may be one of the best things to happen in 2022.

After the official rejection of the offer comes in Twitter is probably going to dip pretty hard.

Anyone else notice the odd buyout price? $54.20

He said it's a 54% premium. Not a 50% premium, nor a 55%, but 54%. Odd. But if it wasn't 54% premium, then the number wouldnt work out to $54.20. Ahem, $54.20

Elon being funny again, like his "funding secured at $420 per share" stunt a few yrs ago.

epitaph says

After the official rejection of the offer comes in Twitter is probably going to dip pretty hard.

I bet he has contingencies for this. Maybe he expects blackrock et.al. to reject, in which case he will use his moment in the extra large spotlight to point out their broad media and communications control.

Hircus says

epitaph says

After the official rejection of the offer comes in Twitter is probably going to dip pretty hard.

I bet he has contingencies for this. Maybe he expects blackrock et.al. to reject, in which case he will use his moment in the extra large spotlight to point out their broad media and communications control.

Blackrock and vanguard have both been buying up shares today.

clambo says

The guys (foreigners) who run google and Twitter don’t give a shit about your free speech nor privacy rights.
Neither does that twerp Zuckerberg.
A pox on all of them.

Do you own any of their stocks?

richwicks says

I bet he's going to sell all his shares.

I bet he's already bought options to sell

I don't see why people think Twitter matters as a company. They have a terrible reputation, nobody that matters go to platforms that engage in censorship, their userbase is a bunch of low grade morons, and it's a propaganda outlet.

Let's see, but I bet this was just a plan to make a quick buck. Purchase the stock, give people hope the company will reform, buy options to sell, sell the stock, and profit as the stock reverts.

I'll tell you why your comment makes sense to me...If Elon buys Twitter, the MSM simply stops reporting anything about Twitter. This means Twitter would simply die. The biggest reason Twitter matters imo is because the MSM reports about who Tweeted what and when.

gabbar says

Truth, that is the main problem of government and governmental corporations. They don't like. They will go to extreme extent to undermine truth because truth will impact their money and power.

This is exactly why we have the First Amendment.

Unfortunately, it covers only lawmaking by the government, not quasi-monopolies and other corporations squashing free speech.

Patrick says

gabbar says

Truth, that is the main problem of government and governmental corporations. They don't like. They will go to extreme extent to undermine truth because truth will impact their money and power.

This is exactly why we have the First Amendment.

Unfortunately, it covers only lawmaking by the government, not quasi-monopolies and other corporations squashing free speech.

If private business is able to curtail 1A rights then it should be free to discriminate based on anything not just by what a person says.

gabbar says

Ceffer says

So much for Saint Musk:

Let's wait and see how this pans out. If he is able to buy Twitter, it may be one of the best things to happen in 2022.

Yeah this is far fetched, black cock and minions are everywhere, and they don't need Musk helping them making more money. You can shit on anything and always find angles as to why it's not selfless.

epitaph says

After the official rejection of the offer comes in Twitter is probably going to dip pretty hard.

Agreed, stay away from twatter, chances are much higher that the leftards will reject his offer and the stock will nosedive. Buy only if you're a gambler

84% will not leave twitter following the elonification. Thats good news. The 14% that will are likely mostly bluffing, hoping by voting to leave that it will help sway to board against elonification.

Agree with @mell
Do NOT buy twatter right now! Elon is playing a game with the woketards. First he offers a sell price that is far above the current evaluation. This means the board has to seriously consider it and will be criticized by shareholders for NOT taking the offer should they reject it.
Second, when the inevitable rejection comes, he immediately dumps his twatter stocks and reaps a large capital gains reward for his speculation.
Third, investors, seeing Musk withdraw his offer and reading that the board is destructive to investment and gains, also drop the stock leading to a massive dip in stock price.
Fourth, when the stock bottoms, Musk buys it back and either
1)Offers the board half price
Or
2)Initiates a hostile takeover at bargain basement prices.

Either way, Musk wins. He just wins more when the woketards act woketarded.

Patrick says

gabbar says

Truth, that is the main problem of government and governmental corporations. They don't like. They will go to extreme extent to undermine truth because truth will impact their money and power.

This is exactly why we have the First Amendment.

Unfortunately, it covers only lawmaking by the government, not quasi-monopolies and other corporations squashing free speech.

These quasi-monopolies and other corporations are like the arms of the octopus (government)

Nah, looks like Vanguard took a stake over 10%, locking out Musk. For Now.

https://m.theepochtimes.com/twitter-shares-slide-after-saudi-investor-rejects-musks-bid-for-twitter_4405018.html?source=patrick.net&utm_source=share-btn-copylink

So stock values drop over the refusal of one shareholder to sell to Musk.
How much will they slide when his offer is rejected by the board?
Betting he still makes a killing selling the peak and buying the trough in a takeover.

Shaman says

So stock values drop over the refusal of one shareholder to sell to Musk.

Can that one shareholder block the sale?

Patrick says

Shaman says

So stock values drop over the refusal of one shareholder to sell to Musk.

Can that one shareholder block the sale?

No. The board will likely refuse it though, and that will open them up for lawsuits violating their fiduciary duty etc. Stock will tank if it's rejected

mell says

that will open them up for lawsuits violating their fiduciary duty

True, the board legally must act in the best interests of shareholders. Elon is offering quite a premium over the market price, which does clearly is in the interest of shareholders. I think their only counter-argument is bin Talal's, that the stock is really worth more than what the market is pricing it at. But how can the board plausibly claim to be smarter than the stock market?

Patrick says

mell says

that will open them up for lawsuits violating their fiduciary duty

True, the board legally must act in the best interests of shareholders. Elon is offering quite a premium over the market price, which does clearly is in the interest of shareholders. I think their only counter-argument is bin Talal's, that the stock is really worth more than what the market is pricing it at. But how can the board plausibly claim to be smarter than the stock market?

There's no rule of law.

Twitter is a device for disseminating propaganda. Jack Dorsey realized that was the only way to profit and became a haggard old man over the course of a year once he did, then he finally resigned.

Twitter will not change. It exists to misinform the public.