Once again a big hint was given from Elon in his secretive yet very inceptive way.
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The communists on the Twitter board unleashed a “poison pill” to stop Elon from purchasing the company and bringing back free speech.
But many suspected Elon had planned for Twitter to make the “poison” move.
He’s a billionaire, of course, he did. He always had a “Plan B,” and today, thanks to his cryptic “Elvis” tweet, we likely know exactly what that next move is…
Here’s what Elon said in a tweet he put out yesterday:
It looks as if Elon’s “Plan B” is a Tender Offer.
If you aren’t quite sure about the term, here’s more information.
“Tender Offer occurs when an investor proposes buying shares from every shareholder of a publicly-traded company for a certain price at a certain time. The tender offer is typically set at a higher price per share than the company’s current stock price, providing shareholders a greater incentive to sell their shares.
The goal is to entice shareholders to sell at this juicier high price so they can make quick money and get out… especially in this case, since Twitter’s board doesn’t care one iota if they tank the company.”
Clearly, this is about power and controlling the narrative for them, not making money.