Chapter 496 Promises and Doubts

The total share capital of Yahu is currently less than 25 million shares, and FL North America Venture Capital has acquired 8.2 million of these common shares through two capital injections, which is only slightly less than the total number of shares owned by Yang Wenyuan and David.

Therefore, once [FL North American Venture Capital Company] continues to participate in its additional issuance, then even if Yang Wenyuan and David join forces, they will not be able to change the reality of the company's change of ownership.

It has nothing to do with trust, let alone business ethics, Yang Wenyuan, who has a keen business acumen and sensitivity, has a slightly embarrassed expression, and his heart is even more uneasy.

Yahu Company was founded by him and David, this company is equivalent to his child, as the founder of the company, he will never allow outsiders to threaten him and David's control of Yahu Company.

Even the [FL North America Venture Capital Company], which has never shown hostility in the development of Yahu Company, Yang Wenyuan is not willing to take such a risk!

He would rather let the company's development slow down, or seek other strategic partners, and would definitely not risk losing the controlling stake in Yahu and give the additional shares to FL North America Ventures.

Tong Guò observed Yang Wenyuan's expression, and Fu Zhengyi had already guessed what he was thinking.

He felt really innocent.

Isn't it just the two million additional common shares issued after the stock split?

It is only out of the expectation of future profits that he is unwilling to buy through the NASDAQ market, and if it is said that a simple financial investment cannot be accepted by Yahu Company, then it is really only a matter of time before the two sides have a conflict.

"I don't have any idea about the controlling stake of Yahu Company, and since the first day of the capital injection of Yahu Company, [FL International Investment Company] has no interest in the power of Yahu Company, if you and David think that the dispersion of equity may lead to a change in the management rights, it is really unfounded......

"For me, FL International Investment Company is simply an angel, not only giving up the voting rights of common shares, but also helping Yahu when it encountered difficulties in its development. More tolerant and generous investors, but once my and David's shares are diluted to the point where we can't control the company, the related problems will arise immediately, not because David and I are afraid of losing control of Yahu, but because we don't want to cause market misunderstanding because of the change in equity......"

Yang Wenyuan said very sincerely, and the choice of relevant wording was also extremely ingenious, so Fu Zhengyi was not sure what he really thought, and said with a smile. "Well, since the issue of equity is too troublesome, let's operate in a different way. What do you think the head office will do its best to set up an umbrella holding company to participate in the additional issuance of Yahu Company next year as a non-related party, and promise to extend the lock-up period and provide an appropriate protection mechanism for the stock price?"

Yang Wenyuan was stunned. "What? stock price protection mechanism? Is it going to promise to carry out the market?"

"Well, when participating in the additional issuance, the new holding company will promise that once the share price of Yahu Company falls below a certain threshold, it will automatically trigger the repurchase of shares, and the repurchased part of the shares will be locked for a long time, and will only be released when the market recovers, how?"

After a company goes public, it will face the supervision of all shareholders, and every large fluctuation in the stock price will affect the confidence of investors.

If the company announces that it will carry out a protective trust for the company's stock price, it is tantamount to a positive benefit, because it means that after buying the stock, there will be a guaranteed security commitment, which is equivalent to sharing the valuation increase brought by the company's growth, and does not need to bear the market value loss that the potential decline of the stock may bring!

Thinking of this, Yang Wenyuan sat up straight and asked very seriously. "Justice, the current stock price of the company is forty-seven US dollars, after the spin-off to the release of the annual report, the financial department's speculation that the stock price will exceed forty, and the pricing of the additional shares issued next year is expected to be around thirty, so the price of the market is calculated at the purchase price or?"

"Thirty, no, in fact, if it weren't for the proportion of shares held by you and David, the head office would have wanted to buy back the shares circulating in the market a long time ago, so if the additional issue price next year is thirty, the market price will be set at thirty-five or more, and it will promise that the stock price bought back in the market due to the market will not be sold within fifty!"

Yang Wenyuan laughed. "Well, if the conditions are so lenient, I even want to sell the shares I hold......"

The other party's ridicule made the atmosphere in the conference room relaxed again.

As a shareholder of Yahu Company, Fu Zhengyi's purpose in inviting Yang Wenyuan over was originally just to communicate and learn about the development of Yahu Company, but now he knows about its share split and next year's additional issuance plan, which can be regarded as an accident.

Thanks to the bidding ranking, and it is not yet a real 'big number jù' search method, although the financial report of Yahu Company in the first half of the year has not yet been announced, but the revenue has actually reached 50 million US dollars, and the loss amount is only 9 million.

chatted until three o'clock in the afternoon, and Yang Wenyuan happily said goodbye and left.

Sending Yang Wenyuan away and returning to the conference room, Ran Ying, who had always been suspicious, asked quietly. "Boss, why can Yahu Company be considered a star enterprise after losing nine million dollars in the first half of the year?"

"It has only been established for three years, and the average daily traffic has made Yahu the first search engine company, and the same revenue may need to lose more for other search engine companies, so according to profit expectations, Yahu Company is not only a foothold, but also can gradually achieve ......profitability through its normal operation."

After listening to Fu Zhengyi's explanation, Ran Ying still didn't understand why a loss-making company would have a valuation of up to $1.5 billion, let alone why a large number of investors were willing to buy the company's shares!

"Yahu is still good, and it should enter a stable profit period next year, but the company Amazon, which is owned by [FL North America Venture Capital Company], its founder Bezos, previously stated that his company will not be profitable in five years, let alone the possibility of dividends, and this company also needs a large amount of cash injection to expand its business, according to our side, it is an unlimited staking of land! Movies such as VCD can be sold at a discount to sell a customer's goods to the market, so that every buyer can buy cheap and genuine goods without leaving home!"

Ran Ying has not been working for a long time, but the training she received in the past few months has given her some understanding of Internet companies, although she knows that there are many companies listed on the NASDAQ in the United States that may not necessarily have stable profits, but she still can't understand the companies that need shareholders to bear losses for up to five years, and she can't help but be surprised. "Five years, oh my God! Such a company will definitely die in China......"

Fu Zhengyi laughed. "You'll meet the founder of this company later, remember to listen more, watch more, record more, and talk less!"

Ran Ying nodded with a bitter face, while Xi Meiwen, who walked in from outside, reported. "Boss, eBay's Pierre will be here in ten minutes!"

"Give me a copy of the relevant information, I haven't cared about the development of eBay for a long time......"

Xi Meiwen looked a little embarrassed, and hesitated before speaking. "I'm ready, but I'm afraid you won't be able to finish it in a short time, especially now that Pierre is looking for a CEO candidate, it took me three days to straighten out the relationship with the relevant information and understand Pierre's intentions......"

"Go get it, eBay's growth rate is still relatively slow in comparison, far less than the revenue brought to the company by Yahu and Amazon!"

Xi Meiwen was stupid in an instant, her cheeks twitched a few times, and then she said helplessly. "Boss, the company's development has been against the sky, the initial investment has been hundreds of times the profits, after the Amazon listing, the company's shares can at least get dozens of times the profits, Silicon Valley has the news of the failure of venture capital projects every month, if you say this, if other venture capital companies know, I believe that many project screeners will be angry to death......"

Waving her hand to signal Xi Meiwen to hurry up and get the information, let Ran Ying pour herself a glass of water, Fu Zhengyi and others got the information and looked at it for a while, and found that the CEO candidate chosen by eBay's Pierre was really not simple at all!

His favorite was a woman named Meg.

The resume is a model!

He holds a bachelor's degree in economics from Princeton University and an MBA from Harvard Business School.

He has held positions in several major companies, including customer service at Procter & Gamble, management consultant at Bain & Company's San Francisco branch, vice president of consumer product marketing at Disney, president of footwear company Striderite, president and CEO of FTD, the world's largest flower products company, and general manager of Hasbro's preschool division......

Meg, who is not yet forty years old, has a dizzying resume that is quite remarkable even in other regions, and she doesn't think Pierre can move the other party to eBay just because of her current salary!

Therefore, after eBay's Pierre entered the conference room, Fu Zhengyi took the initiative to ask about the current results of the recruitment of Meg, a strong woman.

Pierre, who was only thirty years old, was a little embarrassed by Fu Zhengyi's question, and thought for a moment before answering. "It's not bad, I found Mr. Benier, a professional headhunter, and although his communication with Meg is not smooth, he has successfully attracted her attention and interest, and I believe that as long as the company can provide a proper annual salary and equity incentives, she will be willing to accept the challenge......"

"An eBay with only 50 employees, what price are you going to pay now to recruit a CEO like Meg?" )