The Twitter Preferred Stock Rights Agreement of April 15, 2022 is a poison pill meant to stop Elon Musk from acquiring the company. It says that if any Person or Group of persons acquires over 15% of the shares of Twitter stock, the *other* shareholders each get a huge payout from the company. Delaware courts long ago said that such poison pills were legal, despite how they discriminate against a minority shareholder.
Interesting possibilities. One wonders what's really going on behind the scenes? - https://odysee.com/@Bombards_Body_Language:f/Body-Language---Elon-Musk-On-Twitter-Investment-Motives:a