… from managing or investing in any publicly traded company.
I have a nominee in mind for the ban.
And it’s not Jim Crammer this time.
https://www.entrepreneur.com/article/427849
Elon Musk Faces 'Tepid' Interest in Unexpected New Strategy to Fund Twitter Bid: Report
The billionaire is in need of funding to secure his $44 billion bid to finalize his purchase of Twitter by the end of 2022.
The billionaire is in need of funding to secure his $44 billion bid to finalize his purchase of Twitter by the end of 2022.
I thought it was more a case that Musk would like more investors so as to reduce his own exposure, rather than needing more funding.
For example, from two weeks ago:
www.cnn.com/2022/05/05/tech/elon-musk-7-billion-twitter-fina…
Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new investors include Oracle founder Larry Ellison…
Musk last month entered an agreement to buy Twitter (TWTR) in a deal worth roughly $44 billion, which is expected to close later this year. The deal came together quickly after Musk revealed he had lined up $46.5 billion in financing, including two debt commitment letters from Morgan Stanley and other unnamed financial institutions, and an equity commitment from himself.
DB2
Some people should be banned …
… from managing or investing in any publicly traded company.
… yawn …
The Captain