Chapter 53: Crazy Gambling Contracts
Amgen Pharma.
In the President's office.
A temporary shareholder meeting was held in an enthusiastic and tense atmosphere.
"The other party is very demanding, he asks for a minimum of 55% of the shares. That's exactly the amount of absolute holdings required by federal law, but he's only willing to invest $100 million, and of course he's willing to use the market value of the companies he invested in to buy your shares. ”
"I don't have the authority to promise him, so I urgently convened this meeting. ”
In the face of the shareholders and shareholder representatives of the company's temporary gathering, Gordon M. Binder said truthfully.
He personally set off for Abel's company yesterday, and in Abel's office, the two of them talked for a long time.
In the end, it succeeded in Jean Gordon M. Bindra came to invest, although the other party's requirements and conditions were harsh. But now Amgen doesn't have a better choice.
Among the investors who are likely to invest in Amgen Pharmaceuticals.
Those with low requirements are unable to get the amount of money that Amgen needs at the moment. The funds can meet Amgen's medical conditions, and the conditions are even more stringent than Abel's.
Among the current investors who can be pulled, Abel is the tallest among the short, and Abel can be regarded as a very good investor.
Gordon S. M. Binder brought back the news of Abel's willingness to invest, and the next day, he convened the shareholders or their representatives for an urgent enlarged shareholder meeting.
"Now two of the gentleman's representatives are waiting outside the door for the outcome of our meeting. Shareholders or shareholder representatives, please discuss it!"
Gordon S. M. Binder said calmly.
"100 million US dollars? He actually wants more than 55% of the shares? Che, did he think it was 10 years ago? The current Amgen Pharmaceuticals has a market value of at least 300 million US dollars! If it weren't for the EPO patent being mortgaged by us, the market value would have been at least 800 million US dollars! Now he has 100 million US dollars, he dares to make such a big request, he is trying to empty gloves white wolf, right?"
One of the company's founding shareholders, a California-based real estate tycoon, said angrily.
The other shareholders who participated halfway also followed, "No matter how difficult the company is." Such an untimely request is simply unacceptable. Gordon, we need an explanation from you! 100 million dollars, up to 30% of the shares!"
"The chairman is not here...... "The company's largest shareholder, one of the members of the California consortium, and a representative of Crocker Nationals, said, "I think we have to do it before we have it." It should wait for the chairman to come back, this company was founded by the chairman, and he has his right to speak. ”
The name of Crocker National Company may be a little unfamiliar to some people, but his other name must be almost unknown to everyone.
He is the creator of McDonald's, the world's largest fast-food chain!
It was Ray Craike, the founder of Crocker National, who teamed up with the McDonald's brothers to create the hamburger fast food model more than 40 years ago, which led to the Golden Arches of the future.
It has developed to the present.
Of course, Golden Arches has long been not limited to McDonald's and real estate, and Crocker National has gradually invested in other industries more than 20 years ago.
Among them, the investment in Amgen Pharma is a manifestation of the company's diversified operation.
Under the representative of Crocker National Company, some other shareholder representatives and shareholders also felt that the chairman should be allowed to speak.
As the founder of the company and the chairman of the company for so many years, Dr. George Lasman is no longer the largest shareholder despite his stake in the company.
But prestige within the company.
At the moment, there is still no one to reach it, even if Gordon M. M. Binder has done a good job in recent years, but even he was able to become president only thanks to the recommendation and support of George Lasman.
Facing the doubts of shareholders.
Binder was not at all flustered, because last night, after receiving the promise that Abel was willing to invest, he went to George Lasman's house and discussed it with the chairman of the company for a night.
That's where we are today.
He had already been affirmed by George Lasman, so he said unhurriedly:
"The chairman has agreed. And why he would agree, I'd like to tell you...... Dear George, please send to you a copy of the contract which I have asked you to print. ”
At his signal.
His secretary distributed the copies that had been prepared long ago to the shareholders of the company and their representatives.
After everyone had a copy of the contract, Binder said unhurriedly, "Before I object, I would like to ask you to take a look at this VAM contract." ”
The people will be skeptical.
They each looked down at the copy of the contract in their hands.
This is a legal contract that can be protected by federal law, and it looks like it was written by some barristers.
However, the key is not the legality and legal effect of the contract, but the detailed requirements of the contract.
A few minutes later, the representative of the Crocker National Company screamed in shock: "How is it possible?! At the slowest of one month, we can get our filgrastim perfectly on the market! How is it possible! Although I am not a scientist, I also know that this biological agent for the treatment of neutropenia cannot be done so easily! If it is really that simple, we don't need other people to invest in it!"
Binder smiled and nodded, "But that's what the contract says." Mr. Sephorosa, he was very confident, and that's what he demanded. If he can help us develop a full version of filgrastim within a month, then he will ask for his $100 million investment and get more than 40% of the shares. ”
And if it succeeds in a week...... He demanded $100 million, had to acquire more than 55 percent of the shares, and had to have 85 percent of the voting rights...... Oh my God, is he crazy?" asked the shareholder representative who spoke at the beginning, after reading the gambling contract, and then continued Binder's words in an unbelievable voice.
At this time.
The other shareholders or shareholder representatives, they have also read the copy of the VAM contract that binder showed them.
"Impossible! Our own research has fallen into major problems, didn't Lin say that if we want to solve it, it will take more than a year at the earliest!"
"I don't believe it either. This kid is too stubborn. Although he is indeed a genius, it is impossible for him to be so genius!"
"Huh...... I used to graduate from MIT in chemistry and medicine, and I deeply know the gap between chemistry and medicine and biomedicine. My junior brother, he probably didn't know that although they were both medicines, the gap between them was even more exaggerated than the black neighborhoods of New York's Upper East Side and Detroit!"
"In a month, a $100 million investment will get more than 40% of the shares. It takes 15 days to complete, and a $100 million investment needs to get more than 50% of the shares. To be completed in one week, the $100 million investment will be 55% stake and more than 85% of the voting rights. If it's three days, it's an investment of $50 million, 70% of the shares and all the voting rights. If all fails, the $100 million investment will only get 10% of the shares......"
"It's crazy!"
“……”