It's just really important that people have the both the reality and the perception that they're able to speak freely within the bounds of the law. Well, that was elon musk this afternoon at a ted talk following his offer to buy twitter in an all-cash deal worth over 40 billion dollars in his letter to twitter's chairman of the board, musk stated that since making his initial investment in twitter, he has realized that The company will neither thrive nor serve as a platform for free speech in its current form and that twitter needs to be transformed as a private company. Of course, the offer comes just days after elon declined the invitation to join twitter's board. So where does this all lead and will twitter accept we're waiting to find out joining us now to discuss all this and break it down? Is youtube sensation, meet kevin kevin? Welcome back to the show, i'm excited to get your intake on this, because this is a pretty generous offer from elon up from market value here.

Do you think the board will decline it? I think they have to decline it, but i think they should counter offer. Look i'm from the real estate industry. We all know that deals are never best and final, even though elon said that send a counter, but don't say no, and i think this is a great thing for society. In fact, i wanted to thank you because the last time i was on your show, we talked about dwack and we supported free speech.

Then i was worried about its valuation down about 48 since then, but i'm worried now more that if we don't restore free speech to twitter facebook, countries like china will end up crushing our democracy. So so i twitter closed today, at about 18 45.18, which is about a point and a half down elon tweeted out a poll earlier today that it said taking twitter private at 54.20 should be up to the shareholders, not the board. I i'm a little out of my element here, so this is what i'd understand? Does the board have the ultimate say or to the shareholders, because it seems to me on its face: that's a pretty good deal. It does yeah it's a great deal for the shareholders, but the executives and board members don't want to lose their jobs.

They don't want to lose their stock options and their stock-based compensation. They also don't want everyone at twitter to get fired, so they have to balance the employees and their pay and shareholder needs, and that's what they're debating now the biggest thing they're probably debating is what's known as a poison pill and the best way to think about This is sort of like if you're a spy and you get captured in russia say you might take a pill so that you can't get captured right. It's very similar in companies. What you could do is you could create a stock plan so that, potentially you give certain members substantially more voting power than others like.

Maybe the existing ceo has a thousand times the votes that a normal shareholder might or whatever usually, shareholders, hate that, though, because it robs control them, and this is why elon musk is brilliant, he's already preempting them on twitter by posting on twitter. If the board does something that's not in the shareholders interest, they will open up a titanic of liability, he's playing the smartest game of 4d chess. It's unbelievable and you won't mention that poison pill, which i believe they're saying he can't buy more than fifteen percent, which he owns just over nine percent. He is the largest shareholder.

So this is an interesting situation when he showed that he had bought. That april, 1st, i believe, actually shares went up. Prices went up so he said if they say no, he can't buy it that he might actually get out. All together he's been a little bit coy about that, but if he does get out, i mean what do you think that this does to the company i mean will? Is that a problem for them? Oh absolutely: look if elon turns around and bails this thing's going back to 30 or less because now you're going to have to start pricing and fears that elon musk creates his own social media company.

But i i wouldn't count this negotiation over. Yet i think that's. Why you're seeing twitter down today as people are fearful that well elon said it's best and final? Look, words are just words and elon knows if they came back with a reasonable counteroffer, even if it was say 60 bucks, and it gave him that opportunity to do what he believes is right, which is providing free speech to america. Even if that means putting his money on the line to do it, i bet he would take it.

So i think it's about a number, not whether or not it's going to actually happen kevin. I got 20 seconds left. Let me ask you this speaking of numbers. Let's say they come back at whatever number and he says yes, how does he come up with that? Much cash yeah? He can either borrow against his existing tesla stock.

Maybe he's already sold some tesla stock, which is possible. It's been under pressure over the last six weeks or he would have to sell more tesla stock either of those three options are possible. He could also raise money, but he what doesn't want to do that because he wants control with less than 2 000 shareholders. So we'll see there could be something in between, but ultimately he'll make it work.

Okay, real quick! Should we be buying more twitter or selling our stock today, yeah you're looking first, i'm not an investor in twitter. I i i'm not a fan of twitter, the way it is if elon buys it, it stays public. It doubles all right. Kevin appreciate your insight, thanks for being here.

Thank you.