After the Strus affair was over, Link went to Houston, Texas almost non-stop.

He was going to sit on the board of directors of the Texas Development Bank to discuss the IPO plan.

It is not difficult for American companies to go public, as long as they reach a certain scale. However, the United States has certain requirements for the proportion of shares in listed companies.

And the Texas Development Bank also needs to make a listing plan that meets the listing requirements and is most favorable. For example, the number of new shares, determine the issuer, etc., and finally determine the appropriate price of the new shares with the issuer.

It's not that the higher the share price, the better. If it is too low, it will harm the interests of existing shareholders. If the price is too high, the upside potential of the stock price after listing is too low, and it may even start to fall after listing. That would be a big blow to investor confidence. It may even lead to a failed issuance.

So there are a lot of things that the Texas Development Bank needs to consider if it wants to go public. The fundamental purpose of all shareholders is the same, which is to benefit from this new share issuance. But how to benefit, there are their own plans.

Some shareholders want to sell some of their current shares directly at a certain rate, which can allow shareholders to recover their funds, but that would be detrimental to the Texas Development Bank.

Link, of course, wants all of the shares to be new. In that way, the bank can get more money on the premise that the shareholders' shares are diluted by the same proportion.

He is because he is not short of money, and the bank is short of money. However, some shareholders do not think so, and they hope to get back some or even all of their original investment when they go public.

In addition, the proportion of shares that shareholders who believe that they should sell part of their existing shares is not consistent. There's a lot of communication that needs to be done on this issue.

In addition, there are also differences of opinion on the issue of the proportion of employee options among shareholders. But that's not a big deal, and Link thinks it's easy to get a consensus.

They met for two days in a row. Shareholders still do not agree on the source of the new shares. Link had no choice but to adjourn the meeting for the time being.

Link felt that if this continued, there was a possibility of a split in the bank's board, and he hoped that the listing would take place soon.

He now controls most of the shares in the Bank of Texas. But he didn't want to use the number of shares to suppress the dissent of other shareholders. He needed to guarantee the unity of the entire board for the time being. In order to provide a stable basis for his next plans.

Most of the shareholders who disagreed were friends of Kempner Holland. He hoped Kempner would convince those who accepted his offer to issue all new shares in the initial offering.

After announcing the temporary recess of the board of directors, Link got into Kempner's car and was on his way to the hotel. He said to the other party, "Kempner, I'm working on a plan. I plan to implement a plan to produce biomass natural gas from cow dung. To scale up such a program, cattle farms would need to invest considerably. ”

Kempner asked, "You want to still lend to them from the bank?" That's what the Texas Development Bank has always done. As soon as Link brought it up, he thought of Link's purpose.

Link didn't deny it, saying, "That's right. My plan is to push a small number of farms to join forces to build a gas fermentation plant at the right scale. Each plant can require an investment of two to three million dollars. If those farms don't have enough money, we can give them long-term loans. This requires the bank to have sufficient funds. ”

"Are you sure you want them to invest in a project like that?"

Link smiled and said, "No one can guarantee it." But Benehans has technology that is beyond the world level. In addition, the Beni Hans Group and I will promote it vigorously. If this project can be successfully promoted, it can allow some high-density cattle farms to change their current breeding model to meet the pollution-free breeding standards we advocate. ”

Kempner though was skeptical of Link's claims. But since Link's fortune, his investments have never failed. He's more inclined to Fish Link, and this time he will still succeed.

In fact, even if he didn't have that project, he felt that it was more in his long-term interests to issue all new shares to be listed. But the problem is that not all shareholders are as rich as they are. Some shareholders want to sell some of their shares because they feel that the development of Texas Development Bank will encounter a bottleneck, and they hope to take advantage of the listing to recover funds and find other investments.

But if there is the project that Link is talking about, the large amount of borrowing also means that the bank's prospects are promising, and the stock price will of course rise. He might be able to convince those shareholders to accept Link's offer.

And if the project mentioned by Link can really go well, there is another big benefit for him. The pollution-free production standards he is promoting will be a big step forward, at least in the cattle industry.

He thought about the relationship between the project that Link said for a while, and felt that the project was the most beneficial to Link. The benefits of the Benihans Group must be huge, otherwise it would not have made great efforts to promote it.

Several banks, including the Texas Development Bank, would benefit greatly from lending to those projects. In this area, Link has the most shares, and of course he has the biggest advantage.

Even the acceleration of the implementation of pollution-free standards will open up a larger source of raw materials for the food processing division of the Benehans Group.

Link didn't go into much detail, but he had already thought about what kind of benefits Link would get after he succeeded. But he can also get a lot of benefits of his own.

Of course, any plan comes with risks. Link's plan will be no exception. But how is it possible to invest without the slightest risk?

After thinking about it, he said, "I'll try my best to convince them." If Link's plan succeeds, Link's proposal will bring them more benefit than his friends' approach.

Link said to him, "If they don't agree, I can buy as many shares as they want to sell, with an appraisal." "That's the last resort. He needs to make sure that the bank goes public and raises enough money.

Kempner nodded in agreement to mention it to his friend.

In fact, he also knew that if Link wanted to go his own way, his friend would not be able to veto Link's proposal. Because Link himself controls more than half of the shares, and Fren, Neil, and Claire will definitely support Link. That was already more than two-thirds of the shares, and Link could force his own proposal through. But Link didn't do that.

He didn't know what Link was thinking about, but he felt that Link had already given him face. So that he doesn't have to be caught in the middle.

Link's request now to buy the shares his friend wants to sell is not excessive. He couldn't help but give Link this face.

Kempner drops Link off at the hotel and returns to his home in Houston to find a way to convince his friends.

Not long after Link got off the bus, Neil and Claire and Fren also arrived at the hotel. They all stayed in the same hotel.

Link himself had a car but got into Kempner's car, and what the purpose was, without him saying, Fren could be sure.

Fren glanced in the direction of Kempner's car and smiled and asked, "You convinced him?"

Link nodded and said, "I also asked him to convince his friends." ”

Neil said: "If Kempner had said yes, he would have done his best. ”

"I hope he can bring me good news. "Although the shares of those shareholders are not too much, it is best to eat in the same pot and be harmonious, and of course it is best to maintain harmony. If he really can't, he has no choice but to exercise his power.

"Let's go up!" Claire didn't say anything. His acquaintance with Kempner is also the reason for thinking of Neil. It's hard to say anything about this.

They live on the same floor. They went up the floor and went into Link's room together.

After Flon sat down, he said, "Link, how long will it take for your plan to start?" Link's plan was not hidden from them. And Flon seems to be interested in his plan.

"Soon, Jessica has a plan in place to promote it. Preparations are underway. ”

Link simply assumed that Fllen wanted to get involved in the project. After all, Flren had considered investing in the energy sector before. It was only later that the wind power policy in the United States changed, and his plan had twists and turns. Now there is a gas project, and it is inevitable that he does not want to be involved in it. However, he didn't think Flon would ask to work with Benehans. At most, it's a slice of those projects.

But Neil saw that Fren's purpose was at least more than that: "Fren, what do you think?"

Link opened a bottle of whiskey and poured everyone a glass. After Flon thanked him, he smiled and said to Neil, "I don't believe you don't have any ideas about natural gas futures. ”

Neil smiled implicitly and said, "Yes, yes, but I don't know where it will go." If only the United States accepts such a plan, the impact on gas prices will not be too great. Then it's not worth paying attention to. ”

Hearing this, Fren looked at Link and said, "I don't think there's a plan for the world. ”

"That will definitely take time. ”

Fren had Neil say, "What about the long line?"

"I'll pay attention, but it's obviously not going to be a good time to start at first. ”

Claire was rarely serious, he listened to a few people talking, and said, "Neil's worries are also mine." Link's plan, while it can benefit U.S. energy supplies, will also affect the interests of some. ”

The other three all understood what he meant. Link also thought about it.

Claire's concerns are not unfounded.

Some natural gas distributors have access to lower-cost natural gas, and if domestic gas production in the United States increases because of biomass gas production, the number of imports will decline.

That is undoubtedly robbing the other party's money. Link, as a newcomer to the natural gas industry, is very easy for the other party in terms of gas pipelines. If Link invests in the construction of gas pipelines himself, and the other party uses the low cost of natural gas to fight a price war, it will make Link unprofitable. Those cattle farms would also abandon that kind of project.

He voiced his concerns. Link had a way of guarding against it.