The richest man starts with a blind box

Chapter 879 It's really going bankrupt

Huang He was originally unwilling to accept this plan, but it was not easy for Huang He to fall out with Hastings, and there were a lot of things going on at the time, so Huang He really didn't have the energy to fight Netflix, so Yu finally agreed For this plan, they lent 4 million US dollars to Netflix.

Facts have proved that Hastings' decision was very correct, because even out of the 4 million US dollars, 2.8 million US dollars had already expired last year, but Huang He never asked Netflix to transfer the account, after all, it was his own company. As for the company, if the account is forcibly demanded, the company cannot afford the money to repay the account, so it can only go bankrupt. This is not torturing yourself.

So although the arrears were due a long time ago, Huang He has never asked for the account. Until now, the lawyer's letter for the account has arrived.

It's time for Netflix to pay back.

"What on earth does Huang He want to do!" Hastings locked himself in the office and thought for an hour, but he still didn't understand Huang He's intentions.

"Forget it, Huang He definitely wants to use this arrears to force me to submit, but I can't give in. In the worst case, I'll sell the company's things to pay off the debt!" Another new question popped out of Hastings' head. ideas come out.

If you are in debt, then sell things to pay off the debt.The company's building, the company's copyright, and the company's technology can all be sold, and the money from the sale can be used to pay off the debt.

Moreover, the most wonderful thing is that I can also take advantage of this opportunity to sell the company's algorithm at a low price.In Hastings' view, Netflix's algorithm is worth at least more than [-] million U.S. dollars, but Hastings can sell this algorithm to Magic Reward for only a few million U.S. dollars.

After all, the algorithm itself is just a bunch of data without any real assets, so you can say that this bunch of data is worth hundreds of millions, or you can say that this bunch of data is worthless, and there is nothing wrong with it legally.

Thinking of this, Hastings suddenly became happy again. He found another good way to empty out Netflix and then fill it for his own company.

"Hmph! Anyway, the money is used to repay the debts of your Jiangnan Group. No one can say that I made a mistake!" Hastings actually showed a smile on his face, "Besides, I can lend you Selling the company's assets in the name of repaying the money, but I don't need to really repay the money, but can use the money to buy offline assets. I want you, Huang He, to get nothing and can only watch helplessly. Watching Netflix turn into a pile of shit, and in the end, in order to save Netflix, I have to spend hundreds of millions of dollars in it!"

The more Hastings thought about it, the more beautiful it became, and the more he thought about it, the happier he became, until the secretary rushed in again, and then said to Hastings with a pale face, "President, we just received a letter from the court. Accepted our bankruptcy application, the company has officially entered the bankruptcy process!"

"What!" Hastings stood up abruptly, stared at the secretary in disbelief, and stammered, "What are you talking about? How could we go bankrupt? When did I submit a bankruptcy application to the court? "

"It wasn't submitted by us, it was submitted by PwC and Huang He! It turns out that PwC came to us to investigate financial data a few days ago, not to investigate any duty-related crimes, but to collect enough information. Financial evidence proves that our company does not have enough funds to repay the debts. Then the controlling party can directly pass these documents and directly apply for bankruptcy by skipping our company!"

"Yellow Crane!" Hastings yelled, only feeling black in front of his eyes, and then he fell down directly. The frightened secretary hurriedly sent a doctor to rescue him for a long time before giving Hastings a new life. Woke up.

But Hastings, who woke up, wished he could faint again immediately, because it was only at this time that he suddenly realized what the reason for Huang He's recent actions was.

Hastings always thought that Huang He's actions were just to put pressure on himself, forcing him to surrender, hand over control of the company and leave, just like what he did to Randolph.

Because Hastings never thought that Huang He would be willing to let Netflix go bankrupt.

This idea led Hastings into a misunderstanding, just as he suddenly discovered that staying in the company's position is more effective. In fact, for Huang He, letting Netflix go bankrupt is not an unacceptable choice.

Because although Netflix may have a lot of troubles after its bankruptcy, it will cause a large loss of Netflix's business and users, and even directly enter the auction process. At that time, the entire Netflix will split up the auction and then fall apart.

But if Netflix goes bankrupt, all the original shareholders will be out, and then the entire company will be auctioned, and the funds from the final sale will be used to repay the debts of creditors.

As a result, 60% of Huanghe's shares and 40% of Hastings' shares will be forcibly divested and auctioned off from the company.Looking at it this way, Huang He seems to have lost more shares.

But the problem is that because Netflix has never been short of funds, it has no history of borrowing externally. There is only one creditor, and that is Huang He.

So once Netflix goes bankrupt, Huang He, as the only creditor, only needs to express his willingness to exchange all the shares of the company with debts, and then he can easily pocket all the shares of Netflix!
Even if Hastings disagreed, there was nothing he could do, because Huang He held the majority of the shares, so it was up to Huang He to decide whether to sell the company, to whom, and how much. There is nothing he can do. After all, he only has the right to operate, but the company has closed down, and his right to operate has become a piece of waste paper.

To sum up, once Netflix goes bankrupt, Netflix must enter the foreclosure process, and Huang He, as the sole creditor, can prioritize debt negotiations with Netflix.

Then Huang He, as the largest equity controller of Netflix, only needs to immediately make a decision and agree to carry out debt negotiations, and all the debts of Netflix will be offset by the total debt of 3.8 million US dollars.

As a creditor, Huang He can successfully buy all the shares of Netflix, so his left hand turns his right hand, and Netflix becomes Huang He's own asset. Huang He can complete the entire holding of Netflix and at the same time take Get off all of Netflix's assets, and Hastings will be swept out of the game without getting anything.

And because these lost debts were originally repaid with Netflix's profits, not by any other unit, so Huang He didn't have any economic losses. The only loss was probably because these debts needed to be dealt with, so the net Fly may be out of business for three months.

But this is not always the case. After directly announcing the bankruptcy of Netflix, as long as the controlling shareholder and creditors reach an agreement, Netflix can continue to operate in a state of temporary trusteeship. Then Netflix will be suspended for at most two or three days, and then it will continue to operate. Can continue to operate.

Although in this way Netflix can't make any changes to the status quo policy and can only operate according to inertia, but this is not a problem at all. As long as Netflix can continue to operate, it can continue to develop.

Well, if you feel that the above is still difficult to understand, then summarize it in one sentence.

As long as Netflix goes bankrupt, all Netflix will be owned by Huang He, Hastings will have to leave without a penny, and Netflix will only have to pay the price of being closed for three days at most.

At this moment, Hastings collapsed directly. Do you think he is still willing to wake up?He felt that he might as well just go into a coma, so that he could live in a dream.

But now that he has woken up, it is not Hastings' style to sit and wait. He immediately picked up his mobile phone, found some friends of his, and prepared to borrow money!

That's right, Hastings thought about it, and borrowing money was the only way to break the situation.As long as Hastings can find a way to borrow hundreds of millions of dollars to repay Netflix's debts, he will be able to completely get rid of the previous bankruptcy crisis, so that Netflix will still be his.

If it is not good enough, lend him tens of millions of dollars to let Netflix have a few more creditors, so that when Netflix goes bankrupt and reorganized, Hastings can use these creditors to gain the right to speak.

It's not because there is only Huang He as a creditor, so Huang He can cover the sky with one hand during the creditor meeting, and Hastings has no room to intervene.

However, Hastings made several phone calls in one breath. After hearing that Hastings wanted to borrow money, no matter how much he and Hastings called brothers and sisters on weekdays, he would immediately find various excuses to refuse, or simply send the money to him. The phone was hung up.

Even if Hastings stated his purpose, this is a strategic borrowing, and the money will definitely be repaid in the future, it is still useless.

Just kidding, who will lend money to a company that is already in a state of bankruptcy? Isn't this throwing money into the cesspit?
As for the technical debt problem mentioned by Hastings, it sounds like there is no problem, but who knows if this is a lie, just to bury his own money, there are not no scammers like Wall Street, And if you grab a lot of them, who the hell will take your own money and risk this line!

Taking a step back, these calculations are true, but once the money goes in, it will take a few months, or even a few years at least. If the money is used in other places, at least it can make money. Take more than 30% of the profits!

But if you lend Hastings, you won't get any benefit from this penny. Which SB would be willing to do such a thing.

People in the world always only add icing on the cake and give charcoal in need. This is the truth of the development of the world, and it will never be wrong in a lifetime!
After making countless phone calls and failing, Hastings could only call the old man in the end, hoping that the old man would accept and help him.After all, for this old man, hundreds of millions of dollars should be just a drop in the bucket.

"Don't you still have tens of millions of dollars?" Unexpectedly, after the old man's secretary answered the phone, he told Hastings directly, "The company is not up to us, and I will lend you money to leave." A lot of procedures are very troublesome and there is no time. So I suggest Mr. Hastings that you can fill in your personal assets of tens of millions of dollars first, so that you can also get the right to negotiate for bankruptcy and reorganization! At least you can Pay the interest first, and delay for several months!"

(End of this chapter)