Published at 16th of January 2021 09:45:05 AM
Chapter 1146: 1146
Chapter 1146 – Something Fishy
Feng Yu told Jeff Bezos about his direct funding decision, and Jeff Bezos knew Feng Yu is just informing him and not discussing him . Although direct funding requires the Board of Directors’ consent and Feng Yu is not a board member, Ralph is Feng Yu’s representative on the board .
Feng Yu is still the major shareholder of Amazon, and if Jeff Bezos disagrees, Feng Yu can replace him anytime . Their initial agreement is Feng Yu will support Jeff Bezos to be the company’s Chairman . Still, it also stated that he will be replaced if he made a severe mistake or harmed the shareholders’ interest .
Furthermore, Feng Yu can inject funds into the company and dilute Jeff Bezos’s shares, but Feng Yu did not do that . If Jeff still opposes this proposal, he will be asking for trouble .
Jeff Bezos immediately called for a Directors’ meeting and announced the company is running low on the fund . The company needs additional funding, but this is not the right time to get listed . All internet companies are not doing well on the stock market now .
So, the company decided to receive direct funding and issue some non-voting shares to repay its debts and expansions .
Those few minor shareholders, though, the company is going to get listed . They don’t know whether they should support the company’s decision to get listed now, as the market is not in favor of tech and internet companies now .
But when the shareholders heard this will be direct funding, they did not oppose it . Jeff Bezos must have found an investor to invest in Amazon, but they also have other ideas . As the current shareholders, they should have the priority to invest if the company requires direct funding .
The shareholders knew it was the major shareholder Feng Yu who had opposed the company to get listed . This is because Feng Yu felt this company can make high profits in the future, and he doesn’t want to share the earnings with others .
All the shareholders trust Feng Yu because of his reputation . The company is doing well, and it is only a matter of time before they get high returns .
Those shareholders who had sold their Amazon shares in the past might have made lots of money these few years . They even laughed at the current shareholders for holding on to their shares . But they will regret it in the future!
“What did you say? Those minor shareholders also want to buy non-voting shares?! Didn’t you tell them that these shares are priced much higher?” Feng Yu was surprised by what Ralph told him .
Although this direct funding is for the Fu Family, and Feng Yu had given them some discounts, but the share prices are still very high . It might not be as high as eBay’s shares, but it is much higher than its market value .
Those minor shareholders are still willing to buy these shares?! They had been grumbling about the company not getting listed all this while .
“Boss, this is because you had sold all your Microsoft shares but never sell any of Amazon’s shares . This gave them high confidence in this company . ” Ralph explained .
Feng Yu has a good track record in investment, and all the companies he invested in have been making high profits .
Ah……
Feng Yu had not thought about this . Seems like he can only sell lesser shares to the Fu Family now . But those minor shareholders, including Jeff Bezos, do not have much money . Jeff Bezos even have to sell his house, bonds, etc . , to raise money to buy Amazon’s shares in the past .
Although Jeff Bezos is highly paid these few years, he will not have much savings after buying back his house and car . The other minor shareholders are not as extreme as Jeff Bezos . None of them has net assets of over 1 billion USD without taking their Amazon shares into consideration .
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“Alright . The existing shareholders should have priority for direct funding, and this is a reasonable request . ”
“Boss, can I also buy the shares?” Ralph looks at Feng Yu eagerly .
“Of course . Do note that Amazon will not be listed in the next two to three years, and you will not be able to sell them off . But don’t worry, if you need money, you can sell your shares to me . ”
“If you don’t sell the shares, I will also not sell . ” Ralph replied cunningly .
“Hahaha… you ah… Go and tabulate the total number of shares they want to buy and let me know . I need to get the total figure before I inform the Fu Family . ”
The next day, Ralph was looking terrible when he reports to Feng Yu .
“What’s wrong?”
“Boss, something is wrong . This is too fishy! Look at the number of shares they want to buy . It is more than 50% of the shares we are issuing . ” Ralph showed a chart to Feng Yu .
More than 50% of the shares?! This is impossible .
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Those minor shareholders do not have net assets of more than 100 million USD together . The total value of the shares that will be issued is more than 1 billion USD, 25% of the company’s total value .
How did they raise over 500 million USD? Feng Yu don’t even believe they can raise 50 million USD .
Feng Yu looked at the chart, and it is indeed fishy . These shareholders’ total assets are less than 10 million USD each, but they want to invest more than 100 million USD . Even if they had gotten loans from the banks, they would not get so much money .
“Do you know what is happening?” Feng Yu frowned .
“Boss, I still don’t know the reason, but there are only two possibilities in this scenario . First, they manage to raise a large sum of money, but this is quite impossible . The second possibility is someone is buying our Amazon shares through them!” Ralph replied .
Feng Yu also ruled out the first possibility . It might be possible if one of them raise a large sum of money, but it’s not possible for all of them to raise fund at the same time .
The second possibility that someone is trying to acquire Amazon shares is more convincing . This person must be quite daring to invest in internet companies during this time . Still, this person should also know Amazon is going well and is getting profitable .
Even if Amazon did not get listed, one can get high returns from the dividends or sell off the shares after it got listed . If Amazon really got listed, they will get higher returns .
Acquiring Amazon shares through minor shareholders is very simple . For example, a person can sign a loan contract and give them money to buy Amazon shares . But there will be a clause stating the repayment deadline .
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The shareholders will not repay this loan, and they must use their Amazon shares to repay this debt . This way, Amazon shares will be legally transferred to someone or a financial institute who wants to buy Amazon shares but cannot get them .
These financial institutes will surely give these minor shareholders some benefits for helping them buy Amazon shares .
You all are trying to use this underhand method on me?!
Feng Yu has a ferocious look in his eye . “Ralph, go and find out who is behind all these . The direct funding of Amazon will be suspended temporarily as there is no hurry . We are still negotiating to acquire those companies . Suppose those shareholders try to use their status as shareholders of Amazon to threaten you . In that case, we will not let them off lightly!”
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