patrick.net

https://timcast.com/news/elon-musk-secures-financing-of-46-5-billion-to-complete-cash-purchase-of-twitter/?source=patrick.net

The filing states that Twitter has not responded to Musk’s offer, resulting in his desire to enact a tender offer for the transactions:

“Twitter has not responded to the Proposal. Given the lack of response by Twitter, the Reporting Person is exploring whether to commence a tender offer to acquire all of the outstanding shares of Common Stock… at a price of $54.20 per share, net to the seller in cash.”

A Tender Offer often occurs when an investor proposes buying shares from every shareholder of a publicly-traded company for a specific price at a particular time. The investor typically offers a higher price per share than its stock price, providing shareholders a greater incentive to sell their shares.

According to the filing, Musk has secured $46.5 billion to close the purchase of the company, with Morgan Stanley leading his financing of the deal.

He still may be able to buy Twitter outright.

Another fun Twitter Board Member:

Ms. Alemayehou, 51, has a career that spans both the public and private sectors across emerging markets. She currently serves as Senior Vice President for Public – Private Partnership at Mastercard. Prior to joining Mastercard, Ms. Alemayehou was the Managing Director and a Board member for investment platform Black Rhino Group, a portfolio company of Blackstone, where she focused on the development and acquisition of energy and infrastructure assets across Africa. Ms. Alemayehou was previously appointed by President Obama to serve as Executive Vice President of the Overseas Private Investment Corporation (OPIC). During Ms. Alemayehou’s tenure from 2010 to 2014, OPIC’s portfolio grew by more than 24% to $18 billion and the corporation’s Africa portfolio tripled to nearly $4 billion. Prior to OPIC, Ms. Alemayehou was appointed by President George W. Bush to serve as the United States Executive Director on the Board of Directors of the African Development Bank (AfDB). She received a Distinguished Honor Award for her outstanding service in this role. Ms. Alemayehou has also launched entrepreneurial ventures in consulting.

Why is a third world investment specialist and Mastercard executive on the board of a Social Media company if she doesn't own shares?

Remember how fast Mastercard was at trying to pressure Iceland over Wikileaks and Assange?

Here's your CCP rep:

Dr. Fei-Fei Li is the inaugural Sequoia Professor in the Computer Science Department at Stanford University, and Co-Director of Stanford’s Human-Centered AI Institute. She served as the Director of Stanford’s AI Lab from 2013 to 2018. From January 2017 to September 2018, Dr. Li was Vice President at Google and served as Chief Scientist of AI/ML at Google Cloud. Dr. Li obtained her B.A. degree in physics from Princeton in 1999 with High Honors, and her PhD degree in electrical engineering from California Institute of Technology (Caltech) in 2005. She joined Stanford in 2009 as an assistant professor. Prior to that, she was on faculty at Princeton University (2007-2009) and University of Illinois Urbana-Champaign (2005-2006). Dr. Li is a cofounder and Chairperson of the Board of AI4ALL, a 501(c)(3) nonprofit organization dedicated to increase diverse human representations in the field of AI and technology. She is an elected member of the National Academy of Engineering.

https://investor.twitterinc.com/corporate-governance/board-of-directors/default.aspx?source=patrick.net

Liked Google's defense contract to have AI analyze remote images, he email in support of that was leaked
https://en.wikipedia.org/wiki/Fei-Fei_Li

UPDATE:
2020 Member of the Council on Foreign Relations (CFR) [68]
1999 Paul and Daisy Soros Fellowship for New Americans[83]

That's a shock.

SpaceX shut down a Russian electromagnetic warfare attack in Ukraine last month — and the Pentagon is taking notes


Stephen Losey
Wed, April 20, 2022, 12:02 PM

...

Dave Tremper, director of electronic warfare for the Office of the Secretary of Defense, pointed to SpaceX’s ability last month to swiftly stymie a Russian effort to jam its Starlink satellite broadband service, which was keeping Ukraine connected to the Internet. SpaceX founder Elon Musk steered thousands of Starlink terminals to Ukraine after an official sent him a tweet asking for help keeping the besieged country online.

“The next day [after reports about the Russian jamming effort hit the media], Starlink had slung a line of code and fixed it,” Tremper said. “And suddenly that [Russian jamming attack] was not effective anymore. From [the] EW technologist’s perspective, that is fantastic … and how they did that was eye-watering to me.”

The government, on the other hand, has a “significant timeline to make those types of corrections” as it muddles through analyses of what happened, decides how to fix it and gets a contract in place for the fix.

“We need to be able to have that agility,” Tremper said. “We need to be able to change our electromagnetic posture to be able to change, very dynamically, what we’re trying to do without losing capability along the way.”

...

https://www.yahoo.com/news/spacex-shut-down-russian-electromagnetic-190254556.html?source=patrick.net

RWSGFY says

SpaceX shut down a Russian electromagnetic warfare attack in Ukraine last month — and the Pentagon is taking notes

I doubt this. You can easily overwhelm a satellite by just sending static to it. Unless the Russians don't know what they are doing, OR the satellites point to very specific areas and have shielding. I don't know anything about THESE satellites of course, but I know about general ones. Remember when somebody over-rode the signal on the HBO signal about 30 years ago?

It was a long time ago, however this sort of attack is just sending more signal - sending static is even easier.

One thing I cannot figure out, and I hope someone here can explain to me, how can a tender offer work given the poison pill the board has enacted?

Once the tender offer is accepted and Elon goes to purchase the shares, won’t the poison pill activate? So then based on my understanding, other entities can then go and buy discounted twitter stock so that Elon can’t control, or even if he does gain control, Vanguard or Blackrock will own even larger percentages of the company then they do today?

pudil says

Once the tender offer is accepted and Elon goes to purchase the shares, won’t the poison pill activate?

Can you explain what the poison pill is?

pudil says

One thing I cannot figure out, and I hope someone here can explain to me, how can a tender offer work given the poison pill the board has enacted?

Once the tender offer is accepted and Elon goes to purchase the shares, won’t the poison pill activate? So then based on my understanding, other entities can then go and buy discounted twitter stock so that Elon can’t control, or even if he does gain control, Vanguard or Blackrock will own even larger percentages of the company then they do today?

A direct tender offer should bypass the poison pill. The Board must consider the offer. If they refuse a second offer, you have to believe the SEC will investigate. Repubs today demanded the Twitter Board save all documents around these decisions.

Musk had to know the poison pill option might be executed. This is why he had a Plan B prepared from the beginning. He also has the "funding secured" for real this time :)

It's not Musks' first rodeo.

richwicks says

I doubt this. You can easily overwhelm a satellite by just sending static to it. Unless the Russians don't know what they are doing, OR the satellites point to very specific areas and have shielding. I don't know anything about THESE satellites of course,

"SpaceX beating Russian jamming attack was ‘eyewatering’: DoD official"
https://breakingdefense.com/2022/04/spacex-beating-russian-jamming-attack-was-eyewatering-dod-official/?source=patrick.net

socal2 says

"SpaceX beating Russian jamming attack was ‘eyewatering’: DoD official"
https://breakingdefense.com/2022/04/spacex-beating-russian-jamming-attack-was-eyewatering-dod-official/?source=patrick.net

Yes, our media wouldn't lie to us...

It's possible they aren't this time, but it would be a shock. The word is that Russia hasn't been targeting infrastructure. What I don't understand is what difference would it make if Starlink was operating or not? Are there that many Starlink dishes there? Did they ship a bunch in just after the war began or secretly before anticipating it? That's what doesn't make sense to me, the dishes are a single IP address, and meant for residential use.

Could be Musk fucking with our own government - what's the government going to say "Oh, Musk is lying, the Russians purposely left up the Internet.." ?

richwicks says

Are there that many Starlink dishes there? Did they ship a bunch in just after the war began or secretly before anticipating it? That's what doesn't make sense to me, the dishes are a single IP address, and meant for residential use.

Musk sent thousands of terminals to Ukraine in the last month. The US government is also funding more Starlink terminals to go to Ukraine.
https://www.cnet.com/news/politics/spacex-starlink-terminals-sent-to-ukraine-cost-us-taxpayers-3m-report-says/?source=patrick.net

I just bought 1000 shares of TWTR at $49.0278, purely on speculation that Elon's bid will work out.

Patrick says

speculation that Elon's bid will work out.

You're betting against the deep state.

I know. I kinda like the gamble.

Buy Twitter and rename it Shitter

Booger says

Buy Twitter and rename it Shitter

Then "tweeting" would be called "shitting".

"Elon was shitting all afternoon about the woke mind virus. Opponents complained about his hateful shitting."

Seems to me the board isn't acting in a fiduciary interest. Seem to be operating in a strange manner.

AmericanKulak says

Seems to me the board isn't acting in a fiduciary interest. Seem to be operating in a strange manner.

Not when you understand Twitter's purpose is propaganda and to limit communication and censor the public. For all we know, they have a $5 billion dollar yearly contract from the US government for... rental space? It's easy for the government to funnel money to a company under the guise of "national security" now.

Twitter was a loser nothing company until Trump became president. It had no profit. Is it really making its money selling advertisements nobody looks at? Possibly, but I doubt it. I can't prove it, but there's talk and it's not just me. Some engineers tell me "duh, of course it's intelligence - naive fool". I just strongly suspect.

richwicks says

Not when you understand Twitter's purpose is propaganda and to limit communication and censor the public. For all we know, they have a $5 billion dollar yearly contract from the US government for... rental space? It's easy for the government to funnel money to a company under the guise of "national security" now.

Check out Dr. Lei-Lei Fi? Fo? Fum? She's on the twitter board, owns almost no shares, there for "AI". She was at Google previously, pushing AI public photo recognition on a defense contract. I didn't do an in-depth, but some members on the Twitter board are shady AF, like the Karaoke/Board Game Woman who got a British Peerage but is on a US National Security Board as well.

Booger says

You're the best memer on the internet.

Gates' purchase of a massive amount of farmland, and then the Media breathless pushing of PUFA Meat was all I needed.

The whole shortage thing is bullshit.

As Alex Jones once said, "They're using 1984 as an instruction manual".

Pretending there is a massive shortage of Choco and Tobac and that it must be rationed is key to control. Facon instead of Bacon, etc.

The only food crisis is one of massive synthetic vegetable oils, Polyunsaturated fats, Corn Syrup ("Corn Sugar" demands BigAgra) and other Vegan Margarine Frankenfoods that are slathered into everything from Lattes to "Diet Food" that is causing Global obesity everywhere except in the 4th world, the latter not having any problems that reasonable law and order and property rights halfway decently enforced can't fix. Guatemala, once the poorest country in Central America, now has a 30%+ obesity rate.

Patrick says

I just bought 1000 shares of TWTR at $49.0278, purely on speculation that Elon's bid will work out.

I just sold at $51.7152.

Counting it as just good luck that it moved 5.5% in one trading day. I think Elon's bid will still probably work out, but I'd rather have a bird in the hand than two in the bush.

Here is a great interview with Musk from last week. Covers alot of ground including his concern over population decline and telling the German interviewer to his face that is "madness" that Germany is decommissioning their nuke plants in terms of environmental and national security concerns.

https://www.youtube.com/watch?v=Qar4jWrsrhg&source=patrick.net

Our Democracy is FAILING! Free speech may continue to persist in pockets of resistance! Obama frowns.
"Trump:
Please go back to Twitter and tweet that the storm is upon us.
-Sincerely all Anons." LOL!

https://t.me/Royboy17th/5383?source=patrick.net

I probably did miss out on further gains, but you can't lose by winning.

Au contraire, I saw something I liked and took it.

Patrick says

I just sold at $51.7152.

I may have bought your shares...
Kicking myself for not getting some last week.

gabbar says

Where else would they go? Truth Social? Bwahahahahaha.

I wonder if his first act will be to FREE The Bee...

https://reclaimthenet.org/elon-musk-buys-twitter/?source=patrick.net

Woah, it's done.

EBGuy says

Patrick says

I just sold at $51.7152.

I may have bought your shares...
Kicking myself for not getting some last week.

@EBGuy Well you win too then! Happy to share the spoils with you.

I think I'll apply to Twitter for a job now.

Patrick says

I think I'll apply to Twitter for a job now.

I may too. I wonder what their vax policy is? (or maybe I should say was....heh. go Elon.)