Twitter now owned by Elon Musk

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Started by the-pi-guy, Apr 04, 2022, 02:31 PM

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Legend

This has a small bit of his actual conversation with twitter.

https://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htm


Quote
[SEND VIA TEXT]
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.
It is odd.
But it sounded like it was only contingent on the background check and an acceptance.

Elon Musk abruptly reverses plan to join Twitter board amid "background check"  | Salon.com
I'd assume it was Musk turning it down after talking with the rest of the board.

elon is shady as hell.  i'm sure he's done some bad stuff alone the way.  especially financial crimes.  hell, his whole take over bid seems like a clear pump and dump to me.
It's all pretty well known once he came to Canada. Plus shareholders sue when they're worried something is shady, such as tesla buying solar city.