So Elon made his renewed $44 billion bid and Twitter accepted.
Judge kinda surprised, said yesterday that neither of them have filed anything with him, so the case is still going to proceed
Elon's lawyers realised that Twitter wants to keep the lawsuit open still, and inferred from that, that Twitter is not accepting the deal
Twitter says that Elon has not yet made a firm bid with a solid end date and they are worried that he might slip again. They want firm commitment.
From the artice:
Musk attorneys argue that Twitter is disagreeing with the trial delay "based on the theoretical possibility" of Musk not coming up with the financing, which they call "baseless speculation."
My guess? This is still a tug of war about whether Elon gets full control of the employees and the censorship. But we all know how it will end :)
So now (effectively) Twaddle is using the "deficiencies" that Musk identified to put the brakes on the deal.. the irony is like a fat juicy fly my fellow anons!
IMO the Twits have represented the company falsely and thus engaged in fraud. The value of the fraud is probably something like five or ten billion. There are probably way more bots and fake accounts than they have admitted and Twit knows all about them.
So the Twits may be defrauding not only Elon but their shareholders as well. They are in big trouble. The sale can't be finalized until it passes through a rigorous vetting process that will involve public regulators and the institutions Musk goes to to raise the cash he will want to borrow to complete the deal. (Although his net worth is way more than the price of Twit h'e's not going to liquidate a lot of TSLA to buy Twit - he'll borrow what he needs.) The banks won't lend without thorough DD.
So the fraud, if there is fraud, is going to be discovered. The sale will fail and the managers and directors involved are going to be in big trouble.
So at the moment, Twit is desperate to drag the whole thing out to infinity or failing that to just have Elon and his offer go away so they can get back to nusiness as usual.
Chronology of events:
So Elon made his renewed $44 billion bid and Twitter accepted.
Judge kinda surprised, said yesterday that neither of them have filed anything with him, so the case is still going to proceed
Elon's lawyers realised that Twitter wants to keep the lawsuit open still, and inferred from that, that Twitter is not accepting the deal
Twitter says that Elon has not yet made a firm bid with a solid end date and they are worried that he might slip again. They want firm commitment.
From the artice:
My guess? This is still a tug of war about whether Elon gets full control of the employees and the censorship. But we all know how it will end :)
In a steaming, heaping pile of molten social media?
Talking about Twitter...it's already what you describe.
I guess that means my prediction is on track?
Yeah, but it would have fallen under its own weight anyway - they're just helping it along with a little thermite to reduce collateral damage
WELL...You have described PERFECTLY what a steaming pile of shit is...EVER seen cow dropping give off steam on a cold winters day? Go to TEXAS...
lol, did you know they have cows OUTSIDE of Texas?
MOOOOOOOOOOOOOOOOOOO!!!!!!!😂😂😂😂😂😂😂🤣🤣🤣🤣🤣😎😎😎😎😎😎😎😎
So now (effectively) Twaddle is using the "deficiencies" that Musk identified to put the brakes on the deal.. the irony is like a fat juicy fly my fellow anons!
Oh yes, the more time and exposure this tussle gets, the better.
IMO the Twits have represented the company falsely and thus engaged in fraud. The value of the fraud is probably something like five or ten billion. There are probably way more bots and fake accounts than they have admitted and Twit knows all about them.
So the Twits may be defrauding not only Elon but their shareholders as well. They are in big trouble. The sale can't be finalized until it passes through a rigorous vetting process that will involve public regulators and the institutions Musk goes to to raise the cash he will want to borrow to complete the deal. (Although his net worth is way more than the price of Twit h'e's not going to liquidate a lot of TSLA to buy Twit - he'll borrow what he needs.) The banks won't lend without thorough DD.
So the fraud, if there is fraud, is going to be discovered. The sale will fail and the managers and directors involved are going to be in big trouble.
So at the moment, Twit is desperate to drag the whole thing out to infinity or failing that to just have Elon and his offer go away so they can get back to nusiness as usual.
https://www.investopedia.com/articles/stocks/08/public-companies-privatize-go-private.asp