Austin, Texas

Austin in June is hot, and dusty, and when the sun sets, in that in between time of sunset and night that we call dusk, the Junebugs really do come out. The cicadas sing. But this night, this June night on a Saturday, the 25th of June, 2022 was a little different. In fact, it was intoxicating. I had the opportunity to meet Elon Musk earlier in the day, not just a chance encounter, but a rare private interview setting in a conference room alone with just Elon Musk and Johnna Crider. No audio/video crew, just us.

Twitter Changing Hands

Let me back up a little. Elon Musk was actually a big topic of conversation in June of 2022 as this was right after he announced intentions to buy Twitter. On April 13, 2022, Elon wrote to Bret Taylor, Chairman of the Twitter Board,

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.  

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential.  I will unlock it.”

Elon continued,

“As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made.

After the past several days of thinking this over, I have decided I want to acquire the company and take it private.

I am going to send you an offer letter tonight, it will be public in the morning.

Are you available to chat?”

[VOICE SCRIPT]

1.

Best and Final:

a.

I am not playing the back-and-forth game.

b.

I have moved straight to the end.

c.

It’s a high price and your shareholders will love it.

d.

If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.

i.

This is not a threat, it’s simply not a good investment without the changes that need to be made.

ii.

And those changes won’t happen without taking the company private.

2.

My advisors and my team are available after you get the letter to answer any questions.

a.

There will be more detail in our public filings. After you receive the letter and review the public filings, your team can call my family office with any questions.

Hopeful future

I realized, that June night, that I had had the opportunity to speak to the man who is doing the most to advance humanity of anyone on earth.

It was clear to me he was different from anyone I’d ever met.

I invite you to listen to the Podcast, Getting Stoned with Elon Musk by Johnna Crider.

Gail Alfar, author. Exclusive to What’s Up X – June 28, 2022. All Rights Reserved. My goal as an author is to support X and Elon Musk in both making lives better on earth for humans and becoming a space-fairing civilization.