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A comment on Musk announces funding secured for Twitter buy. Parent comment

Re:Musk announces funding secured for Twitter buy by tekknik on Friday April 22, 2022 @08:53AM (#31121007)
Why would he have tu up up almost 4x the loan amount? He just needs to cover the loan.
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Re:Musk announces funding secured for Twitter buy by HWR_14 on Friday April 22, 2022 @09:20AM (#31121223)
When using stock as collateral for a loan, it's not uncommon to get a loan for 30% of the value of the stock. Certainly not 100%.

In this case, MS has offered him a loan for 20% of the value of his stock.

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Re:Musk announces funding secured for Twitter buy by tekknik on Monday May 02, 2022 @08:20AM (#31234173)
You can still sell the rest of the stock and cover a majority of the loan. I still fail to see why you need way more money than the loan amount to pay it off.
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