Based on public information, on coming up with the expected offer price, Some subtracted Elon Musk's $100M purchase off of the total proceeds. This is only true if Musk is expected to purchase shares from a separate pool of shares, besides the 2.7M + 0.4M (optional) shares. This makes quite a difference to the expected stock price. So which is it?
Is Musk buying from the total aggregate of 2.7M + 0.4M (options) share pool or is that share pool purely for the public?