Earlier quoted context omitted.
You can demand whatever you want. You have no leverage. You can't sell the bug to anyone else (there's no semi-anonymous liquid market for random serverside bugs in line-of-business software, so you're going to end up culpable for whatever the rando who buys it --- for much less than $7000 --- does with it†). You can disclose to Twitter, but you can do that anyways; all you're doing is foregoing the bounty. You can t…
Is it legal to do this? Post on Twitter that you've asked Company X for this bounty and if they don't pay it by Date X you'll post it on Twitter. If they don't pay it, post the bug on Twitter. Is that as legal as posting the bug on Twitter straightaway, which as I understand is legal?
No, it is not legal. This is called blackmail. https://www.justia.com/criminal/offenses/white-collar-crimes...
Although as a non-legal expert, I'm not clear on how this is different from demanding that the company fix the bug or else you'll reveal it after ninety days a la Google Project Zero? Maybe what makes that non-blackmail is the promise of revealing it no matter what, but offering to delay up to ninety days?