If “the best cards” means buying something at more than double, triple or more than it’s worth, then yeah.
I mean that Musk holds the strongest negotiating position. He doesn’t need to care about lawsuits in this situation because they take forever and it’s the other guys who are impatient. You also have to remember that the market is fickle. Maybe TWTR goes back up and it starts looking like he’s getting a bargain. Then all he has to do is say yes.
Anyway, I’ll stick with the “we know almost nothing” position.
An extended slump raised the prospect that he wouldn’t have enough unpledged shares to cover the margin loan.
This is nonsense. It “raised the prospect” only in the sense that some idiots (e.g. Bloomberg) mentioned that as a possibility without doing the math or otherwise supporting it with anything. Yeah, sure, if TSLA goes to zero then Musk won’t be as rich any more and he won’t be able to buy Twitter. So what?
Musk is still looking for more “equity” from other investors who, except for a couple of early yesses, seem reluctant to jump in.
It’s a theory. Do you have any evidence (e.g. an SEC filing)? Or are you continuing to present “stuff you read somewhere” as fact?
We know almost nothing, so this is just entertainment.
And, on that score, here was the Elon Musk tweet I enjoyed the most today:
Alex Thompson@24_7TeslaNews:
@elonmusk there is a bad bug with dashcam being unavailable - is there a fix in the works?
Elon Musk@elonmusk:
Problem arose from optimizing application performance. Use of Linux page cache caused increasing memory fragmentation, eventually preventing mounting of dashcam. Patch to filesystem driver fixes this. Update coming soon.
-IGU-
(software geek)
(over-the-air updates are the greatest!)