He may have a loan backed by the SP of his company for what he has already and cant get more money as he is not passed the fiish line of owning the company . Even if he gets control is the value of the shares in his company enough collateral to buy AGL in 2.5 years
He may be like Elon Musk . 99.5 % of his $200 billion is in the value of the shares in the company and in the last few months he has lost about $50 billion of his wealth and risking liquidation if he goes ahead with the purchase of Twitter
May seem like so Elon has $150 billion in shares for $40 billion for Twitter left but Brokers dont lend the full amount of the share value . Thye may say 20% of the value of your shares and after that you need COLD HARD CASH
AGL Price at posting:
$8.61 Sentiment: None Disclosure: Held
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