So welcome welcome, welcome, step right in. I know it's early in the morning and we're going to be here for the next uh. I want to say half an hour just until 7 a.m. Then i got to head over there and record the money talk show.

I want to hop on for just half an hour to show you guys this, because this is phenomenal. So as we mentioned, as we predicted, as we all said, in money talks and, as i said in my own personal videos, when elon basically refused to get on the board of twitter and by the way, let me know if my audio is coming through. Uh on the chat, so, if you can hear me, can you press like 69 in the chat or 69 or 420 in the chat? If you can hear me so basically we predicted this. We spoke about this on money talks and we also i mean i did my own personal video, where i said that the decline of elon to take a seat on the board is an indication that he is now fully in his mind, decided to purchase the whole Thing for whatever reason - and my estimation was that the reason was that he doesn't think that the existing management is good enough to take twitter forward.

Now. This morning i woke up to this amit and i were just texting in our slack group for a money talks and shout out to amit by the way, if he's here in the chat, i believe i just saw him just a second ago, so we're just tweeting Between trying to decide which topics to talk about money talks - and we just saw this so we're going to go through this together and look at some of the comments as well. So, first of all, i want to show you the headline. This is from bloomberg: elon musk, launches 43 billion hostile takeover of twitter makes an offer to buy.

I believe the purchase price that he offered was 5420, which is about 10 dollars per share higher than the closing price of twitter yesterday, which means that in pre-market right now, i would assume that we'll see a spike massive spike, let's just go and check out what The pre-market is looking like yep eleven percent, plus five dollars already on pre-market, as you can see on the screen right now, so the stock is already jumping up, so basically he's giving it a ten dollar premium. Uh. Obviously, that's normal when you're purchasing a especially in the i don't know why it's showing me the ads, but when you're doing these hostile takeovers you pay a premium, it's what you would call a control premium whenever you're trying to take over the whole thing. There's a premium to be paid so if you've been holding twitter shares, i mean that's good for you.

So let's keep reading the then i'll. Look at some comments in the chat as well. So basically, elon has made a best and final offer to buy twitter inc. Saying the company has extraordinary potential and he will unlock it.

The world's richest man will pay 54.20 per share in cash representing a 54 premium of the january 28 closing price and a value of about 43 billion dollars. The social medias company shares sort 18 musk announced the offer in the filing we're gon na, let's open the filing in a second and then we're going to take a look at the filing with the u.s securities and change commission on thursday and the billionaire who also Controls tesla first disclose the stake of whatnot. We know about that. Okay, let's see, if there's anything interesting here so they're talking about how elon was outspoken about the changes.

We know that, after his stake became public musk immediately began appealing to fellow users about prospective moves. That's a bunch of fluff. We know all of this musk can afford. It he's currently worth about 260 billion according to bloomberg billionaires index compared with twitter's market valuation of 37 billion dollars.

Okay, so that's it! So, let's look at the filing here: real quick, i'm gon na head over to the filing okay hold on a second i'm gon na try to pull up pull up the filing in a second hold on i'm gon na. Take some comments before uh. So, first of all, thank you for letting me know that the audio is okay. Uh god bless you and your ladder.

Thank you. Blano blaine, no inc, um, okay, elon, should buy lada says moon. Couldn't agree more. I think renault, the french company owns lada um.

Let's see what else we have here in the comments we've got some, let's go elons um somebody says i might actually start using twitter again. Okay, thank you for that doge nation. I appreciate it. Amit is saying this is amazing.

I couldn't agree more and i could not agree. Let me make you a mod here, real quick. How can i mod you? Okay, i just added your mod, and so is this a buy. I mean not necessarily now it's just a really interesting piece of news and he could make it his own better service for one million.

It's not that easy. You have network effects with it. It's not that easy to create a competitor for twitter for youtube on all these platforms. It's not that simple shout out to the 750 people who woke up at 6 30 a.m to be here with us today.

I really appreciate it. Um, okay, if somebody says, does he no? He doesn't um. I believe what he'll do here. I don't think he's gon na sell any tesla stock.

I believe what he can do here is is take some leverage because, as you know, interest rates are really low, so it would make a lot of sense to take some cheap capital, while interest rates are still low and then just leverage to steal he's obviously good. For it so he'll get the loan no problem. I don't think he's going to spend his own money on that, like straight up uh. So if you're here in the chat just comment: where are you coming from right now? I'm just curious.

There's 750 people here. 760. Sorry, where you guys are coming from this, somebody says that they're in the uk i saw ireland, i saw belgium where you guys are u.s. Oh, my goodness.

6 30 a.m. Let's get it! Thank you christian for that and 4 30 in california. You need to go to bed, go blue to david from michigan florida, budapest, germany, sweden, new zealand, netherlands. Oh my goodness, singapore just saw seoul angola montreal florida.

This is amazing, canada. I didn't even know people watch me in dubai, shout out to waleed my brother from another mother. We got minnesota in the house, new york, portugal. What will happen to current twitter, ceo from india? I don't know i it depends on how things went like it's.

A really good question, but based on his tweet about the way he described, elon, not taking a seat on the board, saying it's for the best. You can interpret it in two ways, maybe when he said it, he meant it's for the best and - and it was antagonistic or maybe he knew about this already and he kind of thought. Okay. So maybe he knew that this is coming and that's why i said it's for the best because he's hoping that elon takes over the company, so you can interpret it in any in any direction.

Some people are from lebanon from wisconsin from malta. Let's get it and the colombian from malta that thing you don't see every day, hawaii china, let's go italy incredible! So uh, let's, let's keep going over the news. So there's this. I want to show you another article piece of article from seeking alpha where you know what we can actually check out some comments there hold on a second okay.

Can you guys see the article okay, so this is from seeking alpha? Let's see if they have more information here, they should have um elon musk first to buy twitter for fifty four twenty. A share and musk was yeah they're. Talking about the the fact that the when he didn't join the board, it was clear that this is about to go down and yeah dwac is still down. Let's look at the full filing okay um, i'm going.

Okay, i got the full filing, so i need to share screen again hold on a second uh. I need to close this down hold on a second, i'm, not technically brilliant, share screen window, and how do i share this? Is this it yeah? I got it. Okay, can you see the filing itself? Let's go over the filing? Is that okay, everybody's on board with me so uh? For some reason, i can't see nothing on this end. Okay, comment: uh one! If you want to read the filing with me or two, if you want to move on to other stuff uh about this story, so one if you want to read the filing and two, if we're moving on and actually exploring some more news about this, i'm going To read some comments, while you click one for the filing to force other like more in-depth analysis about stuff uh dwac getting wrecked, that is 100 true.

Okay, so i see there's some interest in the chat. Okay chat: let's go chat once i'm sorry for the ones who said two there's a few of them here shout out to you, there's somebody who said three: that's not even an option uh! Thank you, the real satoshi. So let's go through the filing so chat. Let's do this, okay, so okay, let's get it.

This is a 13d filing um filed yesterday. Actually from what i can see here. Okay, let's look at the file in here: elon r musk. Anybody knows what the r stands for ronald.

I don't know um yeah. This is his current position, which is 73 million shares. We that's the recent purchase of the 9.1 percent - okay, okay, mm-hmm, okay, purpose of transaction on apr, i'm going to make it bigger, so you can see the screen. Is this better? I think it was just too small for people to read.

Somebody says rudolph shout out to the 872 people in the chat we're going to be here until 7 00 a.m. For for 18 more minutes, and then i got to head out to shoot money talks where we're going to cover this in depth on money talks as well. So, on april 13th, 2022, a report, the first, the reporting president delivered a letter to the issuer, which means to twitter, which is elon, gave a letter on a on. Yesterday gave a letter to twitter, which contained a non-binding proposal to acquire the outstanding common stock of the issuer not owned by elon musk for all cash consideration, violent company common stock at 54.20.

This represents 54 premium of the closing price of common stock on january 28th and a 38 premium over the closing price of the common stock on april 1st, so, basically massive premium, not so massive. If you look at it yesterday yesterday it was 45, so not as big but a big ass a premium. So this is legal mumbo jumbo. We don't care about that.

Basically, here it's really important. It's just little mumbo jumbo for saying that. There's no guarantee that this deal actually will go through, because a lot of people may be asking well tom. If that's the case, i mean why hasn't the pre-market share jumped like by whatever by 20, which is the premium is giving over yesterday? It's because it's not definitive and that's what they're saying here: it's not definitive.

It's just a proposal. It's an offer, so there's no guarantees that it will be accepted. Although at this premium it seems very likely, it seems more likely than not. If the proposed transaction is completed, the common stock would become eligible for termination of its registration pursuant to 12 g 4 of the scc security exchange act of 1934 and would be delisted from the new york stock exchange.

The foreground description is qualified in its entirety. For to the full text, okay, so basically he's going to take. Essentially this is a proposition to take it private and he's going to own the whole thing and which is insane um. Neither the letter or the schedule, d13d is meant or north should be construed as an offer to buy the citation and offer to sell any of the issues.

Okay, um. I think this is it. This is all the important stuff. I don't think there's anything else here.

Okay, this is a letter from twitter. If sorry, from elon to twitter, to the chairman of the board, i invested in twitter, as i believe in its potential to be a platform for free speech around the globe, and i believe free speech is a societal imperative for a functioning democracy. However, since making my investment, i now realize the company will neither thrive nor serve. Oh.

This is huge. This is what i was looking for. This is exactly what i said. Okay, so you remember the video, hey chad, let me know shout out to the thousand people in the stream right now.

So you remember when i did the video when he declined the offer to join the board. What did i say in the video? Can anybody remember what i said in the video i said in the video hey? I think - and i just speculated that the reason was that he saw the management he saw the board of directors he negotiated with him about him actually joining the company and he basically understood hey. These people are not going to cut it, which is exactly what i said in my video i'm going. I i did the video i think like a few days ago, and i said i think this is literally really really riddling.

This is ritalin, which is something i may need to take to just relax a little bit. So this is literally what he's saying here look, however, this is exactly what he's saying here unbelievable, however, since making my investment now, i realize the company will neither thrive nor serve the societal imperative in its current form, to what it needs to be transformed, as a Private company he's basically wow. This is huge as a result, i'm offering to buy a hundred percent of twitter for fifty four dollars and twenty cents per share in cash at fifty four percent premium. That even we know this.

My offer is my best and final offer. So, basically, is it take it or leave it? I would need to recon. Basically so he's saying twitter is an extraordinary trigger. Twitter has an extraordinary potential, i'm russian sorry, i will unlock it fire.

That's incredible shout out to my friend and the co-manager of our community on discord. Simeon is here. I should have purchased more shares, hey simeon sorry, for yesterday i fell as i passed out on the couch, and i missed our uh, our hangout, and i apologize we'll. Probably do it today, so this is literally what we said in the video uh wow.

This is incredible, so basically, this is a. This is the best way to describe it as cloud and on the busy saying amazing yeah. That is literally amazing. It is the first time that my prediction came true in like four months.

This is literally what we said happened wow. So it's it's actually, if you think about it, i don't like it. It distracts the mind space from tesla. I don't think it has anything to do with tesla uv by the way shout out to you always on my streams um i mean what what does that mean, saying amazing ending to this filing yeah? I think he killed it with the ending it's like such a mic drop like boom.

The final line twitter has extraordinary potential. I will unlock it. It's fire uh yeah. He look remember this latin thing.

Vinnie vidivici, i came, i saw i won or i came. I saw a concord, i don't remember how it's translated. It's literally he came, he saw he took and the question is now. It would be very hard to refuse a premium like this, for the offer very hard to refuse.

I believe again, if there's any securities lawyers here in the chat, i need to check this, but i don't think he needs a hundred percent of people to accept this offer. Since i came and saw a concord, okay yeah, i i want my options, i don't. Can anybody tell me what percentage of acceptance he needs on this for it to be, because there's a certain certain threshold you need whenever you have a hostile takeover, you don't need 100 of people to accept the offer. You need a certain percentage to mandate, even the ones that don't want to sell to actually sell their stock.

I don't believe i have the the percentage in my head, but if, if there's any securities experts in the chat, please let us know like uh legal folk. There's like 1300 people in the chat, you guys probably know the. If not, i can search it myself. Julio is saying 69 somehow julio.

I doubt it. This number is a little bit suspect by julio those nations, says 51. I think it's higher than that a. I believe it's a higher threshold, but those are saying 69, 420, of course um.

What did i expect? Okay, um emil is saying 42. Is this confirmed well um? This is the question like we need to go and check for a second. Let me do that for a minute, let's see if we can find it okay, so i don't know i don't know the answer to this. I need to do some more research on this yeah, so somebody's 40 people are kidding me with the 4269 jesus christ.

Um yeah, i don't know the number there's a certain percentage, there's a certain threshold where you can mandate the minority shareholders that don't want to sell to actually sell daniel, says 80 and actually sounds a lot closer to what the number that i have in my mind. But i'm not really um, i'm not really sure about it. By the way somebody says that his middle name is reeve. Okay, cool.

I didn't know that and yeah 42 is a joke. I know i know i know uh, but simeon is right that it is true that 42, it doesn't matter. It's a it's a it's an offer for the whole thing, so he needs. I believe he needs a certain threshold to get it, and but we'll do some research about it.

While we do that hold on a second, i do want to point out to something really interesting guys before we go. Did you notice something interesting that happened again and again i'll research, this and i'll? Let you know in my community post, but i want to show you something really cool yesterday on money talks we one of our topics was uh. That kathy would explain why she sold twitter, they completely liquidated twitter, like don't you find this amusing it. She did it again.

So, basically, this is the i'm going to show you guys. This is like getting ridiculous for kathy at this point, i feel almost feel bad for her. She did this with palantir and now she's doing it with twitter, literally the worst moment to sell. So this is something we covered yesterday on our um kathy woodpins arkhanves, twitter, selloff, on departure of ceo jack dorsey, and we spoke about it on money talks yesterday, but literally again, kathy would be worse timing in history by the way before we move on uh jeremy.

Thank you for this jeremy van der stye is saying: 75 is needed to be able to delist source okay, so basically he needs three quarters of the shareholders to agree to mandate the other quarter that doesn't want to sell, so he needs 75 of the vote um. I think he'll with it such a huge premium 54 dollars for the share. He might get it, he might get it uh. So if that's the case i'll need to verify this number, of course jeremy.

But thank you for coming up with the what seems to be a credible number um daniel says bad timing. Talk about bad timing for kathy wow man. Kathy literally saw twitter just before the spike, unbelievable, she does it. She did it with the she did.

It volunteer she's doing it now with twitter and yeah uh yeah, all the stakeholders have to vote, but he needs only three quarters. Based on what uh jeremy said, he needs a certain percentage of them to agree to mandate that the ones that don't want to do it. If somebody says who hey don shout out to you, a fellow youtuber love your show, who wouldn't vote that. Do it and call it a day, i that's what i'm saying don.

I think it's a very attractive offer with a premium like like that. It would be, i think, more likely than not that he'll get the threshold that he needs to get everybody to to sell. So he needs, i think, what we said: 75 percent, it's a really good offer. It's a really good offer and again, based on the offer, is very attractive, kevin um at 54 dollars.

A share he's going to have a good chance of getting that number and okay. What else do we have here? It's? Is it too late to jump in now? Um, i don't know i don't time trades, not the right guy to ask uh by the way before we leave. Oh almost before we leave, i want to show you guys uh. Oh, we have some friends from riyadh.

Is this a riyad? Is this saudi arabia or uae? I can't i can't forget. I can't remember where it is either uae or saudi arabia and yeah. So twitter is jumping in pre-market 51. Let's just check it out together.

Um yeah rip cathy wood, oh man, kathy wood, worst timing, ever worst timing, ever yeah 5125 in free market, oh man. So basically, how does making a private benefit us? Well, if you're a shareholder, current shareholder of twitter, and if this offer goes through, that means you're gon na get fifty four dollars and twenty cents for each share you hold, which means a lot of money for and a big profit for. Most of the people who bought it in the 30s and now might be a little bit too late for that, but who knows with twitter and elon, basically with sorry with just elon saudi, let's go shout out to my saudi brothers. Uh twitter is meant to be public in this in a sense yes, but when it was public we had issues with the way they handled freedom of speech.

So, in the sense he's right, um don't forget that he can take it private own 100 of it and then float 10 or 20. He can make it private in public again if he really wants to. Although look the way he handles spacex and never took it public, it actually makes a lot of sense to give him the option to do it and before before i go, i just want to let you guys know something really interesting and hold on. Let me just check if we have it here one second, i'm just looking for something that i saw earlier.

Let's see if we can still find it here. So look. This is the part i can't find the chart here, but look we're talking about a big like you have to understand something really. This is something really cool here.

So elon is a rich guy he's the richest man on earth, but right now we're talking about somebody who's willing to commit what seems to be 20 or 30 of his of his entire net worth. Imagine somebody coming to you and saying: hey 20 or 30 of everything you have for this deal. It shows you how much he cares about twitter that, whatever you you like him, you dislike him. You think twitter is great.

Twitter is horrible, but you got a guy who's like a super wealthy guy, the richest man on earth willing to invest one third or one fourth of what at one fifth, it doesn't really matter of his entire net worth into this company. It's sure it's! I want that, if i'm a fan of twitter, i want a guy who cares about the platform that much that's just my opinion and i'm gon na talk about it more today on money talks, but this is insane: oh wow, putin is richer. Probably gareth is right. Putin is, i would i would, i would agree, and putin probably should not buy it.

That's my own personal opinion. God help us and yeah. I agree. Twitter does have significantly more potential than can be realized with this ownership structure.

There's a good point to that. I agree with this um uh abby says twitter acts on the behest of deep state. I don't i deep state, i don't know deep state, i don't know um. Do i think jack will come back to twitter.

I think there's zero percent of that happening. He wasn't into twitter when he was the ceo he's. Definitely not he's he's working on other stuff he's into crypto and web 3 and all that stuff uh. I i don't know, but i don't think so.

Okay, so uh wrapping up this uh stream before i go. Um, i just want a quick comment. I posted on our community feed just okay before i go a few things before i go before i go twice um today at 10 a.m and we're gon na go live. If you haven't yet uh you, i'm gon na pull it up on the screen right now, if you haven't yet, please check out our show money.

Talks with amit is the new host, so this is uh. This is the the new show with amit we're doing it. Every day, at 10 a.m, it's on the sense invest channel with just to know. This is the show we did yesterday.

As you can see here, it's going nicely. 20 000 views in less than 24 hours. It's pretty cool. We need to get a made, a better camera and a better mic which we will soon, but, as you can see, this is the show if you haven't for any reason subscribe yet to the show.

Please do check it out. It's called money talks. We do it. Every day, monday to thursday and today in about three hours, you're gon na see us talking about this whole twitter, elon musk thing.

There's a lot to cover here and we're going to have a lot of fun today. So come check us out today, i'm going to head off and one more thing before i head off, i posted on our community feed that i'm really excited about what happened with the with valley. Five months ago i said, vale is a great stock. We did like 60 in five months and i was super excited about it.

I tweeted about. I sorry i posted about it on a community feed and a lot of people like triggered by that basically saying amit. If you're still in the chat, can you put a link i'll just do it and let me put if, if you want to go and subscribe to the to the money talk show, i just put the link in the chat right now and i believe i can Make it even a pin tweet? Can i pin it? Yes? So look at the pin message. You have the link to the show so anyways i posted about vale how it did great in five months and people got triggered well tom, like you only highlight your successes and your your wins.

Like my guy, i did like 57 videos showing all the losers. I talked about, i literally made fun of myself, i mean i'm the last guy, you can say just highlighting all these ones, i mean, plus it was a free video, it wasn't unpaid and it wasn't like even me saying: hey look what i told my i don't. Even have a paywall for this stuff, so i find the music but hey people gon na hate, whatever like. If i celebrate my losses, i get to celebrate my wins and if you don't like it just unsubscribe, you know it.

I don't give a any case uh. I think i'm transparent enough, i think, there's more transparency than um to be had, but we'll work on that we'll get better anyways shout out to everybody. We did it half an hour on the money, see you exactly in three hours on the sense in this channel on money. Talks for a daily show shout out to everybody who came on hugs and kisses.

We'll see you in three hours exactly and before the show you can check out our live stream. Mark it open amit is going to do market open and justin does marketing open? You can actually watch both on the split screen. Both of them are good enough. Shout out to everybody, we'll see you just.

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