I think Mr. Remsen laid out a pretty fair assessment of the situation. Mr. Musk knows the numbers are off. And he knows that Twitter does not want to make the real numbers be known for fear of hurting their business. (Or someone getting smacked for lying to the SEC...). Hence, they protest. But, Mr. Musk will prevail.
Regardless, if you look at TWTR stock price even with the recent price drop, Mr. Musk is still up 10-15% ($300MM) given that he started acquiring the stock well in advance of the announcement date... Not a bad return when the market is down about 20% over the same time period...
