My understanding was that the poison pill would not kick in until someone owned 15% of the common shares[0]. Musk owns less than that, so the poison pill has no

My understanding was that the poison pill would not kick in until someone owned 15% of the common shares[0]. Musk owns less than that, so the poison pill has not activated. However, Musk claims to have funding for an offer such that he did not need to buy the shares to reach 15%, instead he just said, I want to buy them all -- everything for $46.5B. [0] https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-...