Elon Musk, Twatter, Tesla, Space X and possible outcomes of hostile takeover and what it costs "him" and "them" and Friday OpEx volumes"
Some OpEx decent sized Option purchases on Friday (volume-wise) on the second post of this.
Since Spaceboi has announced his intent to buy out Twatter-when he snubbed the BoD seat that was the cue that he had no interest in playing along with them and was going to try and take it over/buy it out and go private. However in the ensuing time frame we've seen Vanguard increase it's stake in Twatter and is now the largest shareholder-this is reported shares because Dopey still has a sizeable stake in it via Kingdom Holdings so Dopey only has sold his personal shares after his "stay" at the Ritz-Carlton courtesy of MbS and the crack-down.
You also have to understand how Elon Musk got to where he is…by MASSIVE Gov't subsidies for Tesla and SpaceX courtesy of the Hussein Administration. He also was the depository (see Country-Wide Loans and Bank of America for similar example of "placement") for another massively subsidized business courtesy of the same policy of the Hussein Admin.-Solar City and a piece of information that is not widely known-the "founders" of that are Peter and Lyndon Rive, the cousins of Tesla, Inc. CEO Elon Musk. He has played many games when the reality of his production goals in TSLA were not met and was once one of the highest shorted stocks in the NAS (and for good reason). He lied about his production capabilities and on many occasions missed them but the markets just shrugged that off because they are vested in that going higher no matter what the qtrly results are. This is a big problem is the markets..you have results that SUCK-see all the big banks last week-yet the consequences largely do not show up in the equity prices. Not even gonna get into the fake crap that is SpaceX-will only say that landing his reusable rockets in the middle of the ocean on a platform/barge is the equivalent of throwing a pencil from ground level up and over the Empire State Bldg and having it land on a postage Stamp on the other side-you've all seen the footage of the mouse on the engine during it's ascent and the cameras that cut out just before the rocket "lands" on the barge.
He also got into trouble by stating he had a cash offer at a certain price to take TSLA private when that turned out to be complete bullshit too. He was also sued by a short-seller for that 'stunt' too: Short Seller Sues Tesla and Elon Musk https://www.institutionalinvestor.com/article/b19v68mhvn9m4j/Short-Seller-Sues-Tesla-and-Elon-Musk
Elon will need to borrow against his Tesla/SpaceX shares in order to come up with the cash to complete this offer-that is IF it is accepted-even with an amended higher offer pricce-highly doubt it because the poison pill provision activated allows the big boi stakeholders (and that incldes Dopey's Kingdom Holdings) to buy Twatter shares at roughly half the current price. According to the article below he has already borrowed against his Tesla and SpaceX stakes to the tune of about $20B-and that leaves about $35B of that available. The catch with doing that is that when those shares drop (like TSLA's did on Friday-37.37 -3.66%) you risk having that collateral being called against your loan, i.e. a margin call-see Archegos Capital last year The other affected person here is serial hopium addict Cathie Wood who's ARKK fund has TSLA as it's highest weight in it's fund @9.56% (and really you can do all this on your own you don't need some dude who dresses up like a woman to buy these stocks and not pay fee's for the privilege on owning these equities) and if were not for TSLA's parabolic rise over the last 1.5 years this "fund" would by down much further than the 30% it was down in the 1st Qtr this year-but I digress.
Elon Musk Needs ‘Massive Loan’ or Big Tesla Stock Sale to Buy Twitter
https://www.bnnbloomberg.ca/elon-musk-needs-massive-loan-or-big-tesla-stock-sale-to-buy-twitter-1.1752435
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2 of 2
Now going forward since Elon is a product of this system and pretty much the poster boy for massive Gov't money teet sucking-it would surprise me greatly if the current offer or as already mentioned a higher amended one is accepted because what he has done at this point is make "them" have to expend capital and effort to activate the poison pill as well as having Vanguard increase it's stake. This makes them use resources and spend capital where it could be deployed elsewhere. There has already been someone suing him for not disclosing his stake when it reached 5% and it's just someone who sold or wanted moar shares and is pissed they sold or did not buy before it was disclosed-this is how the game is played douchebag quit yer cryin' and fuggen man up this ain't checkers bro-go sue the fuggen SEC for not enforcing it:
Twitter shareholder sues Elon Musk claiming the Tesla CEO's delay in disclosing his more than 5 percent stake in the social media giant allowed him to buy more shares at lower price
https://www.dailymail.co.uk/news/article-10712937/Twitter-shareholder-sues-Elon-Musk-failing-disclose-ownership-stake.html
The SEC has a rule that requires anyone to disclose a position of 5% or moar but they never enforce anything cause they are too busy looking at pron all day:
from 2011
The SEC Employees Watching Porn At Work Were Making Over $200,000/Year
https://www.businessinsider.com/some-of-the-sec-employees-watching-porn-were-making-over-200k-not-fired-2011-3
I've looked at the Twatter OpEx purchases (from Friday and the volume from it only) for the short term 0422expiry and quite a bit of activity on the Call Side (long) at the $47 strikes and up beyond $50 (@ $50 there was 60,140 purchased@.87 cents) were purchased on Friday -see cap #1. These are not huge #'s $ wise but quite a bit moar on the Call side as opposed to the Put (short) side. Some decent size Put purchases on the $40 strike for 0422 @45,785 on friday too-cap #2 . While that is not a huge amont of money for Wall St. It represent some retail making some bets on some big movements last week for this week
The only other thing that stands out a bit volume wise is the 061722 Put strikes at $40 with 11,242 purchased at about $2.55 per contract-see cap#3. Someone betting it's gonna be below $40 by June 17th or prior and since those are pretty expensive (premiums) you are effectively paying the issuer to take the long side as well cause they have to hedge. This could be Musk's hedge because if it dos tank-see below those will pay off HANDSOMELY. The other thing at play here is that the crowded trade is "up" obviously because of the huge premium offered per share against it's market price. The system having to pay out huge if this goes up a lot next week early (calls) so likely see a movement down because that is a decent amount of money sitting there (payout-wise) if it does move up. I wouldn't be surprised at all if those June Put strikes $40 represented some of his (needed) hedge.
Since Musk will not have gone into this without a hedge as this offer @ $54.20 is effectively refused because of the poison pill activation. If he doesn't up the share price amount in an amended offer this thing is gonna tank-plus depending on lock-ups all those shares purchased at roughly half price -the bog boi poison pill purchases and the recent Vanguard purchases-are going to want to be disposed of in the open market (if they are able to) at a profit because why have that many when you still have full control of it?
https://www.optionistics.com/quotes/stock-option-chains/TWTR
He wuz gonna be Treasury Sec. had hillbags won in 2016