Right but if say an entity like Blackrock buys in, don’t they have to list that investment in official forms?
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Elon & Twitter
- Thread starter Buckminster
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Right so I think that’s more of what I was speaking to. Call me crazy, but I do think there will be quite a bit of buy in from investment firms because I said in a previous post…..it isn’t like they can buy in later on. If they want a peice of what Twitter COULD be worth in 3-4 years when Elon takes it to IPO again, their only choice is to buy in now.
And so, if there is a lot of buy in from investment funds like blackrock, we’ll know it eventually and through basic math, we’ll know if Elon has spare cash or not
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Also interesting if they bought in ahead of time which cuts the capital needed.
BitJam
Active Member
Well, at least now he can work on the massive bot problem that was uncovered in his poll about appeasing Russia.
Yeah, but it's doubful he would have sold profit rich shares in order to raise cash; and, if he did, then his profits have already been reduced by taxes.
My issue was the idea of yet-to-be-paid taxes.
_Redshift_
Member
Great. Now that the circus is over, the auto wipers, auto headlights, the service quality, build quality, coast-to-coast no intervention driving, and a few others will be fixed soon.
bkp_duke
Well-Known Member
FYI - you don't always have to pay quarterly taxes. There are provisions in the law that if your taxes the prior year were very low and you had a windfall the current year, you can pay them with little to no penalty at filing.
Not a CPA (but family members are, and this is what they tell me).
So, it's not a cut-and-dry that they paid quarterly taxes even if he sold the shares for a profit. Just FYI.
AlanSubie4Life
Efficiency Obsessed Member
Humm... since he doesn't have withholding and credits equivalent to 90% of his 2021 taxes, I think he's on the hook for estimated quarterlies; however, those can be spread out.
But I'm no CPA.
Knightshade
Well-Known Member
So it's official I guess.
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Quoting this in the correct thread for it
Ha! Here's the letter Musks folks sent to twitter.
Their ONLY condition on closing the deal as originally agreed was the chancery court stopping trial proceedings pending closure of deal.
Sounds like something in either Elons pending deposition and/or the additional just granted discovery around that May 6 email really made them interested in paying full price all of a sudden.
ElectricIAC
Good-Natured Rascal
Whatever the motivation, I’m glad to put this behind us already.
Remember...service in under an hour with detection via your phone based on noise/rattle as well.
Daniel in SD
(supervised)
ElectricIAC
Good-Natured Rascal
_Redshift_
Member
And ‘pit lines’. (Promised to me by a tech at the Fremont location few weeks back)
ElectricIAC
Good-Natured Rascal
AlanSubie4Life
Efficiency Obsessed Member
Nah, it’s over. Elon’s goose is cooked. Definitely Twitter will continue to take this to trial though! We’ll see if we get there. They are in the “show me the money” phase.
Daniel in SD
(supervised)
Never bet against Elon!
We’ll have to wait to see what winning is though.
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