That's a pity because this is the best analysis of why Elon is stiffing small-time debts, and the possible consequences. It comes down to trying to scare the c

That's a pity because this is the best analysis of why Elon is stiffing small-time debts, and the possible consequences. It comes down to trying to scare the creditors into selling their loans to Elon at a discount. That could fail if the creditors, instead, push Twitter into involuntary bankruptcy. Or the current creditors could sell the debt to distressed-debt specialists. In which case the creditors end up owning and controlling Twitter. There is a BFR-load of ego at stake, too. The article doesn't go into it beyond this: "If Elon buys the debt, then he can keep control of Twitter for whatever perverse reasons he has for still wanting to own this pig." But it would also embarrass Elon in front of his fellow equity holders, who can still cling to the fiction their shares are worth something until the creditors get frisky.