20 years of restarting life

Chapter 2766 Still Poor

After Zhao Changan was accused of this, although people felt that he was just making excuses, it also made everyone speechless.

  If I continue to oppose it, wouldn’t that mean I have no confidence in the future of BlackBerry?

"He should have realized by now that even if he doesn't resign voluntarily, you will definitely terminate his contract when the time is right."

Li Xin looked at Zhao Changan with a smile: "This method is really good!"

"Jim has long known that before September, the global Internet high-tech industry was in a state of decline, including BlackBerry's business, and if he leaves BlackBerry, he will most likely be in an awkward job dilemma of being neither high-end nor low-end. We need to appease him and shut him up. He also needs to stay in the position of President of One Nano North America for the time being and slowly look for a job.

Now he has received too many offers to accept. Seeing that there is no hope of regaining control of BlackBerry, the best strategy is to withdraw as soon as possible and find a new employer while the benefits are still there. "

Zhao Changan said to Li Xin: "It's not that my methods are effective, but even though Jim and I are in opposition, we have chosen to cooperate temporarily for our own interests. Let's get the contract done as soon as possible to avoid any more trouble."

"There is a ready-made template. Just take out the 6% draft from last time and change a few numbers and you can use it. And since it is the last draft, Jim should have no objection. The key point is that you have to get 66 billion RMB for Jim."

Zhou Kexin's meaning was simple, 'Where did you get so much money?'

At the same time, he reminded me carefully: "It's not impossible for you to make a second additional pledge of your shares, but you have to think carefully. Will the shareholders here accept the changes you are going to make to BlackBerry? Three months ago, BlackBerry's lowest share price once dropped to $2.6. Now the 19.86% of the shares are still pledged to the financing company, which owes more than 66 billion. You want to borrow another 80 billion, which adds up to more than billion."

Although Zhao Changan holds 6% of Jim's BlackBerry shares, those shares are Jim's financing collateral.

The main terms of the contract at that time included the minimum price at which Jim could redeem his shares, which was to be chosen by One Nano North America, either US$3.8 or the current stock price plus a 25% fee, for a period of one year.

If Jim does not redeem the shares within one year, the shares will become one nanometer asset.

In other words, if Jim wants to redeem 6% of BlackBerry's shares now, he needs to pay Zhao Changan US$9.8 million.

For Jim, this was a difficult problem as he didn't have that much money and he wouldn't be taken advantage of.

However, this also means that the 6% stake that Zhao Changan has obtained now does not actually belong to One Nano yet. It is not impossible for him to use it as collateral, but the process will be troublesome and cumbersome, just like the nesting dolls in the new subprime mortgage crisis.

Especially newbies like Zhao Changan, they don't dare to play too deeply for fear of being tricked.

Therefore, if the North American headquarters of Nanotechnology wants to raise funds, it can mortgage the remaining 4% of shares in Jim's hands.

The most likely option at the moment, however Zhou Kexin is opposed to leveraging 19.86% of the shares to increase the leverage ratio.

If it was more than a billion, Zhou Kexin would still think it was okay, but 66 billion was simply too much, which meant that the 19.86% stake was also at risk.

"Do you think the drop in BlackBerry's stock price will be enough to liquidate our 19.86% stake?"

Zhao Changan looked at Zhou Kexin in amazement. "The average price of this 19.86% stake is only about $3, and our own capital investment has exceeded 19 billion RMB. Even if the stock price plummets by half to $13, it still won't reach the liquidation line. It must be below $9.5."

"What I mean is that the secondary increase in collateral will easily show the company's financial difficulties. If we are really targeted by those big sharks, and they know that we are in financial difficulties, they will dare to temporarily drop the stock price to more than $9.5 and force liquidation."

"It's okay. Now the Americans are focused on attacking the small rich, and speculative capital is betting heavily on commodities such as oil, arms and food."

Seeing the worry in Zhou Kexin's eyes, Zhao Changan felt a little unsure. After thinking for a while, he said, "Let me see if I can get 10 billion from Meng Xuedong..." "Don't count on me. My entire fortune in cash, deposits and stocks is less than million RMB. The Mingzhu Factory is operating with more than % debt. As for my master, you can call and ask if you can get back the million I just gave him."

When Li Xin saw Zhao Changan's eager eyes looking at her, she quickly opened her mouth to stop him.

As for Zeng Hao and Zhao Changan, there is no need to ask. He and Qin Xiaolu may have several million RMB in their hands, and this is completely a drop in the bucket.

As for his father, he may have about 200 to 300 million yuan in deposits, stocks, real estate, etc., but firstly, it is still not enough, and secondly, he and Zeng Haoyang do not have such a deep friendship.

He had already decided not to persuade Qin Xiaolu to get pregnant early, so naturally he was even more unwilling to get involved more with Zeng Haoyang.

"You can prepare in the afternoon. I'll find a way to get the funds. Let's see if there are any earlier flights. I'll go back to China."

Zhao Changan laughed and thought it seemed that he had to go back to China.

It's like having too many lice and not feeling itchy at all. He has borrowed a lot of money from domestic banks in the past month, and it seems he has to borrow more now.

The procedure will definitely be much more complicated, because before, when I borrowed RMB in China, I ended up with a lot of trouble. This time, I am still borrowing RMB, but I have to convert it into US dollars offshore.

-

At dawn, Zhao Changan started calling mobile phones in China, with the intention of testing the waters and borrowing money.

When Mingzhu Bank heard that Zhao Changan was asking for 56 billion RMB, they were so shocked that they didn't react for a long time.

"Boss Zhao, you guys are taking really big steps!"

President Zhou of Mingzhu Bank kept sighing.

Not long ago, Yinnano borrowed 15 billion from the bank, and more than ten days before this 15 billion, it had already borrowed 10 billion.

  Including the 13 billion borrowed previously, Yinnano has borrowed a total of 38 billion from Mingzhu Bank!

And as far as he knew, the total amount of loans that Yinnano had obtained from other banks in the past two years, including the period before, was conservatively estimated to be no less than 30 billion!

But he was even more aggressive this time. In just a few days, he asked for another 56 billion, and he also wanted to make overseas payments.

As a bank, if you want to make a profit and survive, accepting deposits and making loans are the most basic things.

It is of course a good thing for someone to lend money, and Zhao Changan is very straightforward in lending money and never bargains for the interest rate.

The same was true for the most recent 15 billion loan. Even though Yinnano could not come up with sufficient collateral and had not found a guarantor with sufficient weight, the bank still gritted its teeth and approved the loan.

But for the 56 billion, Zhao Changan still wanted to sign a contract and use BlackBerry's shares as collateral, but all he gave were photocopies of BlackBerry's equity documents. In fact, except for Zhao Changan's signature, those photocopies were just waste paper.

"This time I'm using 6% of BlackBerry's shares as collateral. The situation with this share is a bit special. It's only in my hands as collateral for financing, and the name change won't be official until August next year."

President Zhou felt dizzy after listening to Zhao Changan's words, but he was reluctant to let such a big fat fish go by himself and let other colleagues take advantage of it.

He gritted his teeth and said with a distorted face: "Mr. Zhao, can you come back to China and we can talk in detail?"