> Musk buys at $39 pumps all month to $54. He can either sell and easily make billions profit or take over the entire company at what can only be described as a discount compared to potential.
He can’t sell his whole stake for a profit. There’s nowhere near enough liquidity. The moment he tries to sell billions of dollars of stock it’d tank.
He can't sell after a move like this, it would be illegal. He's announcing his plans to not just hold but also to control the company, specifically to unlock value - means making some top level choices that makes Twitter stock move valuable. Had he dumped immediately after purchase he'd be prosecuted for market manipulation (realities of liquidity notwithstanding).
Yes, the exact timing is up to the circumstances. But selling a significant amount within the next month would almost certainly be considered an obvious manipulation attempt
He'll have to do it the same way he bought his current stake: slowly, over weeks and months, a little bit every day. A totally standard thing to ask your investment bank to do.
He owns about 70 million shares. Before he announced his stake, the stock had a daily trading volume of about 20 million. I agree it's not super slow, but also not super fast. Probably a reasonable speed given the volume.
because the price itself only indicaes that there is someone wantin to buy shares at that price - it doesnt indicate the number of shares that would go would he accept that price.
He can’t sell his whole stake for a profit. There’s nowhere near enough liquidity. The moment he tries to sell billions of dollars of stock it’d tank.