Feng Yu told Jeff Bezos about the directional financing. Jeff Bezos knew this is a notification and not a discussion. Although directional financing needs the approval of the Board of Directors, and Feng Yu is not a member of the Board of Directors. Feng Yu's representative is Ralph.
But Feng Yu is the major shareholder, and if Jeff Bezos does not agree, Feng Yu can fire him anytime. In the previous agreement, Feng Yu had supported Jeff Bezos to be the Chairman. The higher-ups had also stated that if Jeff Bezos makes any mistakes or harms the shareholders' interests, he will be fired.
Furthermore, Feng Yu can forcefully inject funds into the company to dilute Jeff Bezos's shares. But Feng Yu did not do so, and Jeff Bezos's voting rights will not be diluted. If Jeff Bezos still objects to this, he will be an idiot.
Jeff Bezos called for a meeting with the Board of Directors to inform them that the company does not have enough funds and needs to raise funds. But the company does not want to be listed. The stock market is very cold for internet companies now.
So, the company decided to issue a batch of non-voting shares to repay the company's debts and expand the company's scale.
Those few minor shareholders had thought the company is going to be listed. They didn't know whether they should support it or oppose it. It wasn't early or late, but now. Wasn't it asking for trouble?
But when they heard this is directional financing, they did not object. Jeff Bezos must have found someone who wants to invest in the company. But they have an idea. If this is directional financing, then they, as the original shareholders, should have priority.
All of them knew the company is not listed is because of Feng Yu's objection. Feng Yu felt this company will make lots of money in the future and does not want others to share the profits.
With Feng Yu's reputation, all of them believe this company will make lots of money in the future. Based on the company's development, it is possible for the company to make lots of money in the future.
Those who had sold their shares in the past might have made lots of money in the past few years, and some might even laugh at them for being stupid. But who knows who will laugh at them in the future!
… …
"What did you say? Those minor shareholders also want to buy non-voting shares? Didn't you tell me that the share price is not low? "Feng Yu looked at Ralph in surprise.
Although this investment was targeted at the Fu Family and Feng Yu had given them some discounts, the price was not low. It is not as high as eBay's share price, but it is much higher than the current market value.
Are those small shareholders willing to fork out the money? Didn't they say that they had some complaints about the company not being listed?
"Boss, it is because you had sold all your Microsoft shares and did not buy any Amazon shares. This gave them confidence." Ralph explained.
The boss's golden signboard was very useful now. Looking at the profitability of the other industries that the boss invested in, many tycoons could not even reach one of them.
Tsk ~
Feng Yu didn't think of this. It seemed that he would have to pay less to the Fu family. But it doesn't matter. Those small shareholders, including Bezos, can't take out too much money. Jeff Bezos had sold his house and bonds to acquire Amazon's shares.
Although Jeff Bezos's salary was high these few years, he will not have much cash after buying his house and cars. The other small shareholders were not as extreme as Jeff Bezos, but Ralph had investigated them. None of them had more than 10 million USD after deducting Amazon's shares.
"Alright. Direct investment should give priority to the original shareholders, and their request is reasonable."
"Boss, can I also buy the shares?" Ralph looked at Feng Yu.
"Of course. But the company will not be listed within two to three years, and don't think of selling your shares. But you don't need to worry. If you need money, you can sell your shares to me. "
"If you don't want to sell, I will also not sell my shares." Ralph replied.
"Hahaha … You … Go. Tell me how many shares they want to buy, and I will contact the Fu Family. "
The next day, when Ralph came to report to Feng Yu, he was not looking good.
"What's wrong?"
"Boss, there's a problem. There must be a problem! Look, this is the number of shares they want to buy. It is more than half of what we had planned to issue. "Ralph passed a list to Feng Yu.
More than half? That's impossible, right?
The total net worth of those small shareholders is less than 100 million USD, and the total value of this private placement is 1 billion USD. That's 25% of the company's total share capital.
These small shareholders can invest more than 500 million USD? Feng Yu does not believe 50 million USD.
Feng Yu looked at the list. It's weird. These small shareholders' net worth is only around 10 million USD, and they can invest more than 100 million USD. Even if they take loans, they can't get so much money.
"Do you know what's going on?" Feng Yu frowned and asked.
"Boss, I don't know yet. However, after some analysis, there are only two possibilities in this situation. One is they had raised a large sum of money, but that's not possible. Another reason is that someone wants to use them to buy Amazon's shares! "Ralph replied.
Feng Yu also does not believe the first possibility. If one person can raise a large sum of money, it might be possible. But the probability of a few small shareholders raising a large sum of money is too low.
That leaves the second possibility. Someone wants to buy Amazon's shares. They must be brave to invest in an internet company at this time. But they should know that Amazon is doing well, and their profits are getting higher.
Even if Amazon cannot get listed, they can still make money by selling the shares after the value of the shares rises. If Amazon can get listed, they will make more money.
It's easy to use them to buy Amazon's shares. For example, sign a loan contract with them and let them use the money to buy Amazon's shares. But Feng Yu wants them to return the money within a certain period.
These small shareholders cannot afford to return the money, and they will use Amazon's shares to repay their debts. This way, Amazon's shares will be legally transferred to those investors who want to buy the shares but can't.
Those investment institutions had used the identity of these small shareholders, and they will give them some benefits.
Playing tricks? Playing with my head?
Feng Yu had a ferocious look on his face. "Ralph, go and find out who is behind them. Stop the private placement for the time being. Anyway, the negotiations to acquire those companies are not over yet. There's no hurry. If these small shareholders dare to use their identity to threaten you, you don't need to be nice to them! "
… …
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
