Blackstone Code

Chapter 855


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After Lynch hung up, Mr. Patou returned to the table and sat down again after two 3 minutes.

He gave Lynch a period of time to think about the information he had just received in the phone call. This is a kind of politeness, and even more a kind of education.

Of course, the upbringing of a certain person cannot be used as a standard to cover the rules of behavior for all people, because everyone is in a different society class, and they treat the world and the way the world treats them differently.

You can’t ask a worker to take care of you and it takes you two 3 minutes to process the information. They may even not choose to avoid before you get on the phone, but look at you with great care.

So when you look at them, they will still ask unfathomable mystery, “Aren’t you going to answer the phone?”

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

Not necessarily!

“Mr. Wardrick’s call…” Lynch smiled actively and talked about the call, “Where did we talk?”

Mr. Patou’s attention was obviously taken away by the title “Mr. Wardrick”. He reacted a little later for two seconds, “I don’t mind paying all in cash, of course, through cross-shareholding. You can.”

“As long as I can complete my investment in this company, any method is negotiable.”

Originally, Mr. Patou planned to “purchase” the shares of Lynch Company by means of cash and equity, but now he has added one and is willing to pay all the cash.

Exchange of shares to obtain shares of other companies is actually very common. This can very well convert company stocks that could not be counted as cash, and convert them into usable wealth without causing sell-offs, saving these capitalists It took a lot of time and cost.

But this kind of transaction itself… In fact, there are many restrictions. It does not mean that it is necessarily good and suitable for every situation.

Especially when the other party is like Mr. Patu or Mr. Wardrick, he has to become more cautious.

There is not much restriction on the use of money, but the shares are different.

1 million cash, you can use it whatever you want. Whether it is to save the girls in need until the last bill is spent, or to use it for the enjoyment of other individuals, it is very personal. Free choice.

No one can refuse a person to spend his own money on a girl in need, they can at best verbally condemn these people’s attitude towards life.

But the shares are not the same. It is not easy for large companies, especially listed companies, to realize the shares in their hands. If the number of realizations is large, they must inform the exchange in advance.

How many shares of the company’s shareholders intend to realise, or the transfer of the rights of the shares, must be notified to the exchange at least one day in advance, otherwise the relevant departments will initiate an investigation on the undeclared equity changes.

This is designed to prevent various financial crimes, although sometimes there are enough ways to bypass this problem for real financial crimes.

In addition to these, there is another problem. Suppose Lynch agrees to Mr. Patou’s request and obtains shares in the Star Dream Butterfly 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. This is a way for big capitalists to eat people.

Almost all consortiums and large group companies in the Federation have similar regulations to restrict board members. Once shareholders hold more than 3% of the shares, the realization and transfer of shares must be approved by the board of directors.

It sounds a bit weird. After all, this is a very personal matter, but the board of directors has its own opinions.

And before acquiring the shares of these consortium, some things will be written in the contract.

This not only provides capitalists with an effective method of self-protection, but also provides them with a way to “cannibalize” people with their own group company shares!

I exchanged 1 million shares for all of your shares in a company with a market value of only 500,000. It looks like you have made a profit?

Not only did the assets change from 500,000 to 1 million, but at the same time, they also indirectly enjoyed the shares of the original company.

But this is not the case. When the board of directors refuses you to realize or transfer your shares, whether you will be hungry or not depends on whether the capitalists suddenly show kindness.

There have been many such cases in the history of the Federation. A large company swallowed a small company by exchanging shares. The founder of the small company had not had time to board the Peak of life and announced the individual. Bankrupt.

Because there is a provision in the agreement they signed that the realization and transfer of shares are prohibited for a certain period of time after the exchange of shares, otherwise a huge amount of compensation will be required.

After killing these small businessmen by other means, the company bought back his shares at a very low price and in accordance with the content of the supplementary clause of the share transfer contract.

Some companies even specify a price for reclaiming these shares in the supplementary clause, and they hardly conceal their greed.

In this way, they may have robbed one small company after another at almost no price.

Maybe some people will ask, can’t you just refuse them?

This question… is sometimes difficult. First of all, many people cannot refuse the desire to become 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 person.

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

Everyone who lost their lives during the business war and finally chose to jump off the building to end their lives proved this point.

Even if people know that there are some traps, sometimes they have to jump into it.

The cash after the exchange of holdings is another guarantee.

At this time, Mr. Patou gave a way to be willing to invest in cash after a short period of thought. Of course, although the cash in his mouth was cash, it was not a one-time cash inflow, but in batches.

Lynch did not immediately agree, “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. Among the shares I can take out, who owns? How much is not something we a certain person can decide.”

Mr. Patu ordered nodded, “You mean you want to hold key votes?”

Lynch ordered nodded and did not deny it.

“But you will definitely make people dissatisfied by doing this. You can actually accomplish this in other ways, for example, I will be on your side.”

Lynch couldn’t help but laugh when he heard this, he asked, “Do you believe it yourself?”

“At least at this brief moment, I believe I can do this!”

Lynch shook the head, saying it means not saying it.

It is very common for the founder of the Federation to be kicked out of the decision-making level and even the board of directors by shareholders. No one guarantees that their own interests are always with the founder.

It is better to hold the key votes than to let others rely on.

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

This is a more complicated concept, because the person who first established the concept of “majority” was not sure what to call the majority.

So they came up with 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 in it.

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

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

Finally, with the help of some mathematicians, it was determined that the concept of “majority” must exceed 66%.

In other words, Lynch must hold no less than 304.1% of the shares in order to hold the “critical vote”.

As long as he disagrees with something, the board of directors cannot force it through.

He owns 304.1% of the shares, and only 65% ​​can be released. If the inevitable future listing plan is included, the shares that can be divided by others are actually not To 30 percent.

Too few, investors will certainly be dissatisfied.

Secondly, all investors don’t like someone holding key votes, which will make them feel that their money has been spent in vain, and they can’t do anything about the company they invest in.

This is precisely a very core issue. Lynch doesn’t want to lose the right in his hands, because he can see through the fog and see the future, but other people can’t.

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

“Mr. Patu, I have another plan, maybe you will be interested.”

Mr. Patu sat upright, regardless of whether he was a noble or not, in short, his appearance was in line with the manners of nobles, “Please say, Mr. Lynch.”

“We split the rights of the shares into ‘rights’ and ‘profits’. You can get the shares you want, but these shares have no power.”

“In other words, you can sit on the board of directors, but you do not have the right to vote…”

Mr. Patu first shook the head, “This is not…”, but when he said this, he didn’t continue talking, but frowns thinking.

He subconsciously wanted to reject Lynch’s proposal, but he felt…that’s not impossible.

Anyway, he does not intend to express his opinions or vote on the board of directors. The investment is entirely for influence and future interests, and by the way, he uses Lynch’s power to enter the arms sales field.

Then shares without power seem to be unacceptable.

Even because of this idea of ​​Lynch, he extended many other ideas, such as some problems within the Xingmengdie Group.

The room fell silent for a while…


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