This is Elon Musk's Twitter gamble

Twitter stock getting a boost at this. hour we see it jumping about one and a. half percent following breaking news from our own charlie gasparino who is, reporting at this hour that elon musk, may get a lower price on his deal to buy. the social media platform after all. charlie phillison well we should point. out my sources are bankers that are. working with him that know him what they're saying is this it's pretty simple that uh he doesn't feel confident about winning in chancery court against, twitter his end game is essentially to appeal whatever happens and, essentially to buy twitter at a lower, price he is still interested in it and, he believes that twitter's board will relent at some point at a lower price now what does that lower price, be i mean i don't have those numbers no one knows what you know twitter's. obviously going for the 54 20 the 44. billion full enchilada from from musk uh but. remember even if they win the first, round, he he can appeal the appeal could take. six eight months who knows this thing, could be going on for a year in the meantime the stock price could get, crushed um as that happens this is. musk's gamble and it's a gamble he thinks they'll come back and agree to a, lower price we asked charles elsin over. at the university of delaware an expert at the chancery court he says it's not, crazy it's not like an absurd um maneuver for musk he actually thinks, musk is gonna they're gonna settle for a less lesser amount of money he says something like four percent off of the, 44 billion whatever that is do your math. uh his number was four percent uh.

because the appeals process could take a. long time and who knows if you appeal it, to i think what he said was the supreme. court of delaware gets it after chancery court so apparently this thing has a couple legs musk is a gambler. the gamble that he's doing is this according to people close to him telling. bankers that are close to him that he thinks that they'll settle for less price he knows he doesn't have a strong, hand in front of chancery he knows he'll, probably lose that but he thinks time is. on his side and time is not on twitter's, side because this is a company that has, real issues advertising issues revenue. issues it doesn't make a lot of money, over it as this thing continues to so, that's his game plan we'll see it'll be. nice if he tweets something out about. this story, well it is moving the stock here's my, question right in your quoting bankers, my question is the chancery court has. been very clear and this particular, judge has also made a recent ruling, saying to some other company and it was, much smaller purchase price sorry you're stuck with the purchase price you promised the the target company. too bad i don't care what your problems, are and they were forced to pay it i, think he knows he according to my sources he knows he's going to lose, or the likelihood of him so he's only, banking on the time that it would take to appeal and that twitter will bend you, know him he's a risk taker i mean this, this is typical of him if you if you. know just play a long game you know. bs until you can't bs anymore and try to, get the numbers down and and you know so.

so that four percent would be about what, 1.76 billion dollars cut off that 44 billion that sounds about right and did you do the math did someone up there do the math oh i did it yeah. and then it went somehow into i mean. listen charles elsin. said that's four percent number and he, thinks this is completely plausible and he's an expert at the chancellor. university of delaware of course law professor i mean he knows this stuff. so um and i can tell you my banker. sources are pretty these are solid these are not people that you know just. speculating they're solid um and no one, and let's be real clear no one really, knows what's going on in elon musk i, mean obviously he got hit with two two. things all at once you got twitter's, price went down no one really believed, it was going to be a 54 you know the nasdaq sold off as well right yep and, tesla's stock price went off went down, so now he had he had a double whammy and, he needs to renegotiate he can't be you know he wants to pay less here comes the, dance, is this him at least he's not shirtless, uh you know he's the ceo that i think would be so much fun i don't know about work for him fun to, party with but uh i think i think um. he needs to hit the gym a little bit don't you think too many times charlie you know you're. mr gear jim head i worked out early. today got it out of the way and did the whole thing well you don't want to hear that bob doll was working out his, portfolios for his his clients bob's buff i heard bob very buff