Chapter 289: How an Honest Man Went Bankrupt (Asking for a Monthly Pass on the Last Day)
However, after venting, Long Jiumei's mood stabilized a little.
She raised her sleeves to wipe her sweat, and combed her hair with her fingers, then grabbed her son's hand again, clenched it hard, and stared at Du Caige's eyes: "You must kill him! You must kill him! He killed your dead old man, and he also killed me!"
From Long Jiumei's mouth, Du Caige finally learned the whole story.
With some information he learned from other sources, he could almost have formed a complete puzzle.
He finally understood how an honest person like Du Zhiqiu was put in a cage and went bankrupt step by step.
Initially, in 2005, Shen Jinsong returned from the Stars and Stripes Country and planned to start a business, saying that he would want to build a folk music platform to promote folk music and encourage artists to create folk music.
As a professor of the Folk Music Department of the Modu Conservatory of Music, Du Zhiqiu naturally supported the idea of his apprentice, took out most of his family's savings, more than 1 million, and opened a company with his apprentice Shen Jinsong.
At that time, it seemed to be 45% of the shares.
Shen Jinsong also invested 1 million, plus technology shares, accounting for 55% of the shares.
The company made it decent, although the sparrow was small and had all the organs, it took two months to set up a shelf and start making products.
But making a music platform is very money-burning.
It doesn't matter if it's a petty fight.
If you want to be bigger, you may not even hear a sound when you throw 2 million into it.
It's just that a prototype has just been made, and the company has no money before it starts to burn money to promote.
Du Zhiqiu didn't plan to invest money, after all, he still wanted to keep a little coffin book.
As a result, Shen Jinsong came to visit several times, so he said that he was very rich, and said, "Your son is very rich, ask him to borrow a little."
But at that time, Du Caige was at a low point, and Du Zhiqiu didn't want to take money from his son.
So he gritted his teeth, took out the last bit of the family's savings, mortgaged the house, and put together another 3 million to invest in.
And Shen Jinsong also behaved very well-behaved and increased Du Zhiqiu's shares.
After investing the 3 million, Du Zhiqiu accounted for 75% of the shares and Shen Jinsong accounted for 25% of the shares.
With this 3 million funds, this folk music platform "52 Folk Music" was quickly done, and then began to be promoted.
This was the end of 2005.
Du Zhiqiu also looked at the various data reported by Shen Jinsong, although the money was gone, he was relieved.
He deeply felt that he had made a great contribution to the promotion of folk music, gained great spiritual satisfaction, and felt that this life was worth it.
But Long Jiumei is not happy.
What is spiritual satisfaction, and can you eat it?
Can I apply it to my face to take care of my skin?
Can you wear it on your body and go out to show off?
For this matter, she quarreled with Du Zhiqiu a lot.
Then he privately approached Shen Jinsong and asked to sell the shares to Shen Jinsong.
Shen Jinsong said with a smile, I don't have the money to buy it, but the platform is doing well now, and someone is willing to buy the company's shares.
Mr. Du invested 4 million and got 75% of the company's shares.
I don't dare to return all his shares, he will scold me to death, otherwise, Shiniang, you sell 40% of the shares, I will help you negotiate the price, and strive to make the other party pay more than 2.4 million.
Long Jiumei has also studied in college, although she is a junior college student, she still has basic mathematics.
As soon as she totaled it, she found that it was still profitable, and of course she was very happy.
4 million in exchange for 75% of the shares, equivalent to 53,000 per share.
But if you sell 40% of the shares for 2.4 million, it is equivalent to selling 60,000 per share.
It's higher than bank interest.
So she happily sold 40% of the company's shares and got back 2.7 million, making a small profit.
He also constantly praised Shen Jinsong for being a good boy and knowing how to respect his teacher and wife.
Of course, this matter can't be hidden from Du Zhiqiu for a long time.
After Du Zhiqiu found out, although he was a little unhappy, he couldn't lose his temper.
I guess he also thinks it's good to be able to get some coffins back.
But that's when he discovered two things.
First, the "52 Folk Music" platform has reduced the promotion of folk music. It can even be said that the direction has been reversed.
Second, the company's valuation is rising, and the valuation has reached more than 60 million.
The remaining 35% of the shares in his hand are already worth more than 10 million.
At this time, it was the first half of 2006.
Long Jiumei deeply regretted that the shares were sold early.
Du Zhiqiu is thinking about how to let the 52 folk music platform get back to its original intention, continue to do a good job in the promotion of folk music, and protect and support folk music creators.
But he has lost a controlling stake.
The controlling stake is in someone else's hands. Shen Jinsong also said that he couldn't help.
"Teacher, I also sold some of my shares. Now I have less than 45% of your shares combined, and the absolute controlling stake is in someone else's hands. I'm just a wage earner now. ”
"If we want the 52 platform to continue to operate the way we envisioned it, we can only buy some shares back, and we can regain absolute control. ”
But I don't have any money!" Du Zhiqiu said.
You can borrow it, teacher. Your son is so rich.
I don't want to use my son's money.
You can also borrow it from others, if the company appreciates quickly, you can earn it back immediately, and you will definitely not lose money.
Shen Jinsong is very good at persuasion.
Du Zhiqiu was moved.
Of course, it is more because of his dream - to protect and develop folk music.
Now the company's valuation has reached more than 60 million.
Du Zhiqiu needs to buy at least 6% of the shares before he can join forces with Shen Jinsong to achieve absolute control.
That's about 3.8 million dollars.
It also needs to borrow 1.1 million.
Shen Jinsong introduced a company called "Easy Loan" to Du Zhiqiu, "I know the owner of this company, surnamed Qiu, and he is a good person. Borrow money from him, rest assured. ”
So Du Zhiqiu borrowed 1.1 million from the easy loan company.
Scraped together 3.8 million and repurchased 6% of the company's shares.
He and Shen Jinsong's shares can once again achieve absolute control, which can make the 52 folk music platform continue to be the light of hope for folk music.
Du Zhiqiu was very satisfied.
But at this time, Shen Jinsong told him that the company had no money.
How could there be no money? Isn't it valued at more than 60 million? Du Zhiqiu didn't understand.
Shen Jinsong gave him a popular science. Valuation does not mean that the company really has so much money.
The company's liquidity is actually the one you put in.
After that, the shares were bought and bought, but the company's liquidity did not grow.
The company is still in the stage of burning money, and only by continuing to burn money and seize market share can the valuation continue to rise.
In the future, the valuation is hundreds of millions, or even more than a billion, just sell a little shares, and you can recover tens of millions, teacher.
Du Zhiqiu doesn't care about money.
Long Jiumei's eyes lit up when she heard this.
But Du Zhiqiu didn't want to invest any more money.
He has borrowed 1.1 million from the company and has never owed that much money in his life.
As an honest man, he is uncomfortable and can't sleep when he owes money.
Shen Jinsong said: Teacher, you don't want to invest more, I understand. But the company really can't uncover the pot. If you don't continue to invest, you can only face bankruptcy.
How could a company with a valuation of 60 million at the end of the end go bankrupt? Du Zhiqiu did not understand.
Shen Jinsong gave him another popular science and explained in detail.
In the end, Shen Jinsong said: The company must raise funds. Either the current shareholders will invest more, or new shareholders will be introduced, or they will face bankruptcy.
And if you don't invest money, your shares will be diluted and you will lose absolute control again.
But I really don't have any money. Du Zhiqiu said. I don't want to borrow anymore.
But you can afford it, teacher.
Borrow a few million to invest in the company, as long as you survive this time, the company's valuation will soon exceed 100 million, and then you can sell a little more shares, can't you pay back?
In the end, Du Zhiqiu was convinced.
He borrowed another 2 million from Easy Loan and invested it in the company.
And Long Jiumei also got in touch with Shen Jinsong in private.
The frantic rise in the company's valuation made her red-eyed.
She wants to buy some shares in the company.
"People, when you are old, you need money to be around, and the more money, the better. Nothing else is reliable, only money is real. Xiao Shen, you help the teacher. ”
"No problem, Master, I won't help you. Shen Jinsong smiled righteously.
He took Long Jiumei to Lao Qiu, who was easy to loan, and asked Long Jiumei to borrow money to buy the company's shares.
But Lao Qiu kept a straight face and refused to lend money to Long Jiumei.
"She's my teacher, so you can lend it to her. ”
"That's not good, she doesn't have anything to pledge, what if she has a bad debt. ”
In the end, Lao Qiu proposed to let Long Jiumei borrow money in the name of Du Zhiqiu.
Long Jiumei stole Du Zhiqiu's seal and let the other party operate it.
She borrowed two, one for 840,000 and one for 1.2 million, for a total of 2.04 million.
She watched as the money was transferred to Du Zhiqiu's account, and then to another person's account, and then she herself got 4% of the company's shares.
Shen Jinsong told her that in a year, the company's valuation will reach 500 million, and the 4% of the shares will be worth 20 million, a tenfold increase.
Long Jiumei would wake up laughing when she dreamed.
At this time, it was the summer of 2006.
The nightmare started a month later.
Lao Qiu, who was once amiable, suddenly came to the door one day and demanded that Du Zhiqiu return the money viciously.
Isn't I repaying the loan every month as agreed? Du Zhiqiu asked puzzled.
He took out his pension and repaid a part of the principal and interest every month, which had been agreed a long time ago.
But you owe me 49.79 million yuan, and you only pay back a few thousand yuan every month, which is not enough interest. Lao Qiu said.
Du Zhiqiu felt that the other party was crazy. When did I owe you 49.79 million? I only borrowed money from you 2 times in total, 1.1 million once, 2 million once, 3.1 million in total.
Your wife also borrowed money from us twice, totaling 2.04 million.
Du Zhiqiu looked at Long Jiumei.
Long Jiumei lowered her head in shame, then glared back viciously. If you want to make some money, you can't make money!
Du Zhiqiu didn't quarrel with her in front of outsiders.
Well, even if you add what my wife borrowed, this is only 5.14 million, why do you say I owe 49.79 million? Du Zhiqiu asked.
Later, you borrowed 13 sums of money from me one after another, and now you owe me a total of 49.79 million.
Long Jiumei knew that her husband was not this kind of person.
Is there a mistake? she said.
Make no mistake, every single one is clear, and there is a record of the flow of funds.
Lao Qiu presented evidence.
The evidence shows that Du Zhiqiu borrowed a total of 17 times from Easy Loan (including 2.04 million yuan borrowed by Long Jiumei in two installments in the name of Du Zhiqiu).
As for the 13 extra loans that were inexplicable, they all used Du Zhiqiu's seal, and the whereabouts of the funds were also very clear.
All of them went to Du Zhiqiu and Shen Jin's loose company.