Self-proclaimed—but unsubstantiated—Twitter investor Leonidas Raisini mocked Elon Musk on his own platform.
Raisini offered to buy Twitter for $30 billion less than what Musk paid for the social media platform in October.
The potential Twitter troll—who mocked Musk before—backed his claim with a very familiar sounding letter of intent and a video.
Raisini said in his letter to Musk:
"Before you acquired Twitter, I had invested in Twitter as I believed in its potential to be the platform for free speech, and I believe free speech is a societal imperative for a functioning democracy."
"However, since you acquired Twitter, you have not kept your promise of free speech and Twitter has become a breeding ground for online hate and terrorism. I now realize the company will neither thrive nor serve this societal imperative in its current form under its current owner."
Raisini added:
"Twitter needs to be transformed as a public company where members will become its owners. Together these members form the governing body of Twitter and under a leadership that can respect Free Speech without spreading disinformation and hatred."
"Together with my partners, my fund has secured the funding to buy Twitter."
He concluded:
"As a result, I am offering to buy 100% of Twitter for $18.53 per share in cash (14.26 Billion), as I do not consider the current valuation of $41.09 Billion to be accurate."
"My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder and inform my fund to withdraw my investment.
"Twitter has super extraordinary potential. I am the right one to unlock it."
You can see Raisini's letter here:
Raisini's letter should sound very familiar to Musk.
The so-called investor deliberately parrotted Musk's own April letter of offer to then Twitter chairman of the board Bret Taylor.
Musk wrote to Taylor:
"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."
Here is Musk's letter:
Musk concluded in his missive:
"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."
To further substantiate his claim, Raisini posted this video on Twitter as well.
Regarding the legitimacy of his offer, Raisini tweeted:
Reactions to the offer were mixed.
In November Raisini began an extensive thread on Twitter calling out Musk as a liar and charlatan.
Regarding Musk's interest in Twitter, Raisini added:
As of this writing, Musk has not responded to nor banned Raisini from Twitter.
