"That's why Mr. Feng wants to invest in Amazon. What do you all think?" Jeff looks at the rest of the directors.
Although the shareholders' meeting is the core of the company, the shares of these directors are more than 3/4 of the company's shares. If they agree, it means the shareholders agree.
"Jeff, you still have not told me how much Mr. Feng is going to invest and how many shares he wants. Also, is he a venture capitalist or an ordinary investor? "
Venture investments are different from ordinary investments. Venture investments are usually not involved in the company's operations and management. Even the shares exchanged are non-voting shares. Generally, venture capitalists would wait for the company to go public before cashing in. Of course, dividends are also given priority.
Ordinary investments are meant to hold the shares for a long time and even want to participate in the company's operations and management. Their other rights are the same as other shareholders. They also do not have the priority to receive dividends.
"Mr. Feng wants to invest as much as he wants. He is not a venture capitalist, and he wants to have a say in the company." Jeff explained.
"Invest as much as he wants? I don't understand what he is trying to say. Are you willing to let him invest 100 million and dilute our shares by more than 90%? "One of the directors retorted.
"That's why I called for a board meeting. We need to decide on the proportion of Mr. Feng's investment as soon as possible. This way, we can get the funds as soon as possible and speed up the company's development. "Jeff glanced at that shareholder. You are just arguing with me.
Jeff asked this question but did not get any reply. All the directors kept quiet. No one is willing to speak first.
"Robert, didn't you say you want to sell your shares? Now, you heard that someone is going to invest and you are not going to sell your shares? "Jeff pointed at one of the directors.
"I am investing to make money and not for your dreams. I did not see any hope of making money in the past, but now, I see it. That's why I will not sell my shares. "Robert replied slowly.
Only you will insist on your dreams. I am investing to make money. Although you are not willing to get listed, someone is investing, and the company's development will be much better. The profits can also be brought forward.
If the company gets listed after making profits, then the share prices will increase. I can sell my shares and make more money. If you want to buy it now, fine, but you have to pay a premium to let me see some profits, right? Do you have that much money?
"Then, Robert, you have to tell me, what's the ratio of capital injection you're willing to accept? You are the director of the company. You should express your opinion on these matters. If you don't have any ideas, then I think the company can have one less director. "
Jeff was targeting Robert. Once Robert's ratio was rejected by all the other directors, he could take the opportunity to kick Robert out of the board! If Robert didn't say anything, he could still say that Robert didn't do his job well and use that as an excuse to kick him out of the board.
Robert stared at Jeff angrily, but he had no choice but to speak. "The company's development needs at least tens of millions of USD. I don't think it's suitable to let one person invest. That person will control more than 50% of the company's shares, and we won't have any say in it. That's why I think his investment should be more than 10 million RMB. This is because the company needs at least this much money, but it cannot exceed 30 million RMB. This way, we can still decide the company's future. "
Robert's answer was very conservative. It couldn't be said to be watertight, but it wasn't a big problem. However, he revealed a piece of information. He still hoped that the company would be listed for financing in the future.
The rest of the directors agreed with Robert's suggestion. Only by getting the company listed can Robert make money. The rest of the directors also agreed with Robert's ratio. They also do not want an outsider to become the major shareholder and kick all of them out.
Jeff frowned. He regretted his decision to visit Mr. Feng earlier. Mr. Feng is Microsoft's shareholder, and he wants to invest in Amazon. These minor shareholders do not want to back out. A few days ago, they were still arguing about withdrawing their investments!
Actually, Jeff also does not want Mr. Feng to become the major shareholder. This company was set up by him, and if the company had to change ownership to get more investments, it would be better for the company to stay the same as it is now.
"What suggestions do the rest have? We still need to discuss how much the investment should be. The faster we make the decision, the earlier we can get the investment, and the faster the company can develop. Our website, logistics, user training, purchasing channels, etc., will need to spend money. "Jeff said.
"Jeff, although our registered capital is 30 million USD, the company's value should have increased after so long. I think we can let him invest 25 million USD and give him 35% of the shares. "A director said.
Jeff looked at this director and sneered. "If it is you, will you agree?" He also wants to increase the company's value, but the company had been losing money.
"If you don't try, how do you know if he will agree? I heard that you all had a good talk with him. Maybe he will accept your suggestion? Don't forget that everyone's shares will increase, and you will also benefit from this. "
Robert immediately said. "I agree."
"I also agree."
All the directors voiced their agreement and looked at Jeff. Since all of them agreed, they will have the upper hand during the shareholders meeting. Jeff had no choice but to agree.
"Since all of you agree, then you all can talk about Mr. Feng's investment. I think all of you are more confident than me." Jeff said grumpily.
The company does not have a single cent of profits and had been losing money. Yet, you all want to increase the company's value? Of course, I also want to increase the company's value. But the others are not stupid. If the company's value had increased, why did you all sell your shares at the original price?
Since all of you are so capable, you all can go and discuss with the shareholders!
"Jeff, you are the Chairman and the company's legal representative. You should go and discuss with the shareholders. But we are doing this for the sake of the company's shareholders. Is it okay for us to ask you? How do you know it will not work if you are not there? "Robert said with a cigar in his hand.
"That's right. Robert is right. Jeff, when we invested in your company, you had promised us that you will put everyone's interests first. Now, we are asking for you, and you should do it. "Another director said.
The rest of the directors also had the same opinion, and Jeff could not vent his anger!
"Fine. I will go and discuss with the shareholders. But if the discussion fails, the company will not get the investment, and everyone will lose money together!" Jeff stood up angrily and walked out of the meeting room.
… …
"Mr. Ralph, I am Jeff Bezos. I would like to visit Mr. Feng. I have something to discuss with Mr. Feng."
Ralph covered the phone and told Feng Yu that it is Jeff calling. Feng Yu took over the phone. "Jeff? What good news do you have for me?"
"Mr. Feng, I think we should have a face-to-face discussion. Things are not going well."
Feng Yu frowned. "Oh. Come over to my place tonight. I will treat you to lunch. The address is … …"
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