LATEST UPDATES

Blackstone Code - Chapter 855

Published at 15th of March 2024 06:53:34 AM


Chapter 855

If audio player doesn't work, press Stop then Play button again








Two or three minutes after Lynch hung up, Mr. PATU returned to the table and sat down again.

He gave Lynch some time to think about the information he had just obtained on the phone. This is not only a courtesy, but also a kind of education.

Of course, one's upbringing cannot be used as the standard to cover all people's rules of conduct, because everyone is in a different social class, and they treat the world and the world treats them differently.

You can't ask a worker to take care of you. It takes two or three minutes to process these information. They may not even choose to avoid before you connect the phone, but look at you.

So that when you look at them, they will ask inexplicably, "aren't you going to answer the phone?"

Educated people certainly make people like standing under the warm sun in March and enjoying the warm spring breeze, but those who are not educated are not necessarily cold winter.

not always!

"Mr. waldrick's call..." Lynch smiled and talked about the call actively, "where were we just now?"

Mr. PATU's attention was obviously taken away by the name "Mr. waldrick". He didn't react until two seconds later. "I don't mind paying all the cash, of course, through cross shareholding."

"As long as I can complete my investment in this company, any way can be discussed."

Originally, Mr. PATU intended to "buy" Lynch's shares in the form of cash and equity, but now he has added one and is willing to pay all cash.

The trading method of exchanging shares to obtain shares of other companies is actually very common, which can well convert the company's shares that could not be counted as cash into usable wealth without selling, saving a lot of time and cost for these capitalists.

But this kind of transaction itself... In fact, there are many restrictions, which does not mean that it must be good and suitable for every situation.

Especially when the other party is like Mr. PATU and Mr. waldrick, they should become more cautious.

There are no big restrictions on the use of money, but shares are different.

One million cash can be used as much as you want. Whether it is used to save those girls in need until the last bill is spent, or it is used for other personal enjoyment, it is a very free choice.

No one can refuse a person to spend their own money on girls in need of help. They reprimand these people's attitude towards life.

However, shares are different. It is not easy for large companies, especially listed companies, to realize their shares. If there is a large amount of realized shares, they should inform the exchange in advance.

The number of shares that the shareholders of a company intend to realize or the transfer of the rights of shares must be notified to the exchange at least one day in advance, otherwise the relevant departments will launch an investigation on the unreported equity changes.

This is designed to prevent all kinds of financial crimes, although sometimes real financial crimes have enough ways to get around this problem.

In addition to these, there is another problem. Suppose Lynch agrees to Mr. PATU's request and obtains the shares of xingmengdie group.

However, whether the shares in his hand are realized or transferred, they must first be approved by the board of directors of the group company, which is a way for big capitalists to eat people.

Almost all consortia and large group companies in the Federation have similar provisions to restrict the members of the board of directors. Once the shares held by shareholders exceed 3%, the realization and transfer of shares must be approved by the board of directors.

It sounds a little incredible. After all, it's a very personal thing, but the board of directors has its own views.

And before acquiring the shares of these consortia, something will be written in the contract.

This not only provides capitalists with effective self-protection methods, but also provides them with a way to "eat people" and eat people with their own group company shares!

I exchanged one million shares for all the shares of your company with a market value of only 500000. It looks like you made a profit?

Not only did the company's assets change from 500000 to 1 million, but also indirectly enjoyed a few thousandths or ten thousandths of the original company's shares.

But in fact, it is not. When the board of directors refuses you to realize or transfer your shares, whether you will be hungry depends entirely on whether the capitalists are suddenly kind.

There have been many such cases in the history of the Federation. A large company swallowed a small company by exchanging shares, and the founder of the small company declared personal bankruptcy before he could reach the peak of his life.

Because it is stipulated in the agreement they signed that it is prohibited to realize and transfer shares for a certain period of time after the exchange of shares, otherwise huge compensation will be paid.

After forcing these small businessmen to death by other means, the company bought back his shares at a very low price in accordance with the supplementary provisions of the share transfer contract.

Some companies even specify a price for recovering these shares in supplementary terms, and they hardly hide their greedy face.

In this way, they may plunder one small company after another at almost no cost.

Maybe some people will ask, so just refuse them?

This problem... Is sometimes very difficult. First of all, many people can't refuse the desire to get rich overnight.

The only way and standard to realize self-worth in the Federation is to make yourself look like a "successful person", that is, a rich man.

Secondly, the commercial struggle is much more bloody than people think. It is not romantic at all, and there is no respect for the enemy.

This is proved by everyone who has broken his family in the business war and finally chose to jump off a building to end his life.

Even if people know there are some traps, sometimes they have to jump in.

The exchange of cash after holding shares is another guarantee.

At this time, after such a short thought, Mr. PATU gave a way to invest in gold. Of course, although the cash in his mouth is cash, it is not one-time cash, but in batches.

Lynch didn't immediately promise, "after too much equity is let out, my control over the company will be reduced, but we all know that I can't refuse some investors. It's not up to one of us to decide who accounts for how many of these shares I can take out."

Mr. PATU nodded. "Do you mean you want to hold a key ticket?"

Lynch nodded without denying it.

"But you will certainly make people dissatisfied. In fact, you can do it in other ways. For example, I will be on your side."

Lynch couldn't help laughing when he heard this. He asked, "do you believe it yourself?"

"At least at this moment, I believe I can do it!"

Lynch shook his head and said nothing.

In the Federation, it is common for founders to be kicked out of the decision-making level and even the board of directors by shareholders. No one guarantees that their interests are with founders all the time.

Instead of relying on others, it's better to hold the key ticket.

According to the rules of federal law, any major vote must be approved by a majority. So what is a majority?

This is a more complex concept, because the people who first established the concept of "majority" are not sure how to call the majority.

So they made a simple method, found some people and gave them a point.

If there are only two people, no one can convince anyone. There is no majority.

When there are three people, if there are two people standing together, then this belongs to the majority.

In other words, most of them should be more than 50%, but not too much.

Finally, with the help of some mathematicians, the concept of "most" must exceed 66%.

In other words, Lynch must hold no less than 34.1% of the shares in order to hold the "key vote".

As long as he doesn't agree, the board of directors can't force it through.

He himself holds 34.1% of the shares, and only 65% can be let out. If the inevitable listing plan in the future is included, in fact, less than 30% of the shares can be divided by others.

Too few, investors will be dissatisfied.

Secondly, all investors don't like someone holding key votes, which will make them feel that their money is wasted and they can't start with the company they invest in.

This is precisely a very core problem. Lynch doesn't want to lose his power, because he can see through the fog and see the future, but others can't.

In silence, Lynch seemed to think of a more appropriate way.

"Mr. PATU, I have another plan. Maybe you will be interested."

Mr. PATU sat very upright. Whether he was an aristocrat or not, in short, his appearance was in line with the behavior of the aristocrats. "Please, Mr. Lynch."

"We split the rights of shares into 'rights' and' interests'. You can get the shares you want, but these shares have no power."

"In other words, you can attend the board of directors without voting rights..."

Mr. PATU shook his head first, "this can't be..." but when he said this, he didn't go on, but thought with a frown.

He subconsciously wanted to reject Lynch's proposal, but he felt... It's not impossible to do so.

Anyway, he does not intend to make a statement or vote in the board of directors. The investment is entirely for influence and future interests. By the way, he uses Lynch's strength to enter the field of arms sales.

Then shares without power do not seem unacceptable.

Even because of Lynch's idea, he extended many other ideas, such as some problems within xingmengdie group.

For a time, the room fell into silence




Please report us if you find any errors so we can fix it asap!


COMMENTS