Elon Musk Will No Longer Join Twitter Board Of Directors - The Great Awakening

Elon Musk Will No Longer Join Twitter Board Of Directors (www.zerohedge.com)

posted 2 years ago by Fringe--dweller 2 years ago by Fringe--dweller +71 / -0

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– Fringe--dweller [S] 10 points 2 years ago +10 / -0

Following Elon Musk's recent acquisition of 9.2% of Twitter and last Tuesday's formal announcement that he would be joining the Board of Directors, Musk has declined the board seat.

My comment: I suspect that he has bigger plans in mind, if he was to accept the terms of directorship, he would have been forced to limit his ownership stake, by staying off the board, he is free to acquire a larger stock ownership or even to make a hostile takeover.

Of course, for those paying attention, this means that Musk can now own more than 14.9% of the company - a limit that board members must adhere to.

As the Wall Street Journal notes, "It was unclear why Musk refused the board seat. Adding Musk would have restricted how big a stake in the company he could own. Musk could now do anything from selling his stake to potentially pursuing a hostile takeover of the company."

We await the next Musk tweet with bated breath... As the article states:

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– captn_crunch 8 points 2 years ago +8 / -0

A quote from Ali Alexander on Gab:

Elon Musk is not bound by the 14.9% figure they wanted to keep him below. And he got them to show their hand. Twitter's board wanted to gag him. He refused.

He's now free to buy up more or partner with other firms in a HOSTILE takeover and deportation of woke staff and a fat CEO.

I don't know what this means for the annual meeting in May... Grab the 🍿 though!

Another take, this one from Mark Dice, also on Gab:

Maybe he learned that the company would implode from mass protests since employees were already losing their minds after the announcement he was being appointed to the board.

I doubt he would dump more money into it to gain 51% percent in a takeover. Him fixing Twitter is just a pipe dream of Conservatives. They should all just join Gab.

I don't know what happens from here, but it's sure as hell interdasting.

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