I've been trying to dig up as much info on this as we can.
PROs:
- the board ain't stupid and has a live pulse on the votes. They have some room to steer/talk to the largest holders.
- Gary Black
tweeted he voted "for" Elon's comp package and states most institutional holders he talks to voted "for".
He recently
confirmed he sees the Elon comp package as likely passing. And
tweeted to Elon about it.
View attachment 1047765
- Leo has less than 1% of shares (around 0.85% I think) so he's not THAT important.
CONs:
- the fact that the board is shouting from the rooftops that all must vote could be interpreted as worrying since they might see they won't make it otherwise;
- some of the biggest holders (Vanguard) voted NO in 2018 so will likely vote NO again.
- even retail investors are divided if we can believe the polls (for example the TMC poll (with less than 100 votes, so grain of salt) only has 36% FOR and 27% against, rest have no shares).
- Gary doesn't know j*ck and most likely talks to small fish.
- the fact that Elon asks why Gary is confident, makes me not confident since it seems Elon is not confident.