I wonder what the outcome will be of this. Basically seems like a good stock option play. Price will either go to his buy out price or will go back to where it was before he purchased it.
Obviously if they don’t let him buy it he will dump his shares, why wouldn’t he. And since the share holders don’t want that they are in a big pickle.
Either way, I see no harm in letting him take over. He is a very smart man and can help Twitter grow. However I see why people are concerned.
Obviously if they don’t let him buy it he will dump his shares, why wouldn’t he. And since the share holders don’t want that they are in a big pickle.
Either way, I see no harm in letting him take over. He is a very smart man and can help Twitter grow. However I see why people are concerned.
Don't underestimate Elon Musk. He is too intelligent. He became the richest man on this planet thanks to his intelligence. If Twitter comes up with this stupid 15% limit, then Elon may purchase 14.9% of the stock for himself, another 14.9% for his wife, and smaller shares for each of his 8 children. Elon is having a big family, and that helps. Now what will the Libertards at Twitter do against this? Will they come up with another rule, limiting shareholding for extended family? And don't forget the fact that none of the idiots who are present in Twitter board holds more than 0.1% of the shares (apart from Dorsey).
