Chapter 284: Poor Dagger
So, a few days before the start of the much-anticipated 50 concerts, a generation of emperor superstars died inexplicably.
Thinking of this, Eric shuddered, glad that he had not been reborn into a black man. Therefore, although he is now being ostracized by several giants, he has not been discriminated against from the bottom of his heart by the public.
After the Golden Globes, Eric and Robert. Shay quickly signed a contract to transfer 10% of Firefly's shares again, and at the same time directly transferred Robert Brown. The $60 million in cash paid by Shay was deposited into the account of an investment firm in New York.
Although both Jeffrey and Chris objected to this, hoping that Eric would leave a sum of cash in case of emergency, Eric was adamant and asked Chris to use the $60 million plus the $10 million that had already been received, for a total of $70 million, to take as many shares of Cisco as possible.
Before this turmoil, Eric had not paid much attention to money, and he felt that as long as he developed steadily, he would definitely reach the top step by step in the future.
But after the turmoil, Eric discovered that in this world of capital, money is the most important thing, it is like a talisman, if Eric was a billionaire with billions of dollars before, no matter how young he is, now these people would not dare to attack him like this.
Time passed day by day, enduring the bombardment of newspapers and media every day, Eric can also hear good news from time to time, because most investment institutions are not very optimistic about Cisco's prospects, and Cisco's current market value is only $225 million, therefore, under Chris's price offensive, some investment institutions that have decided to buy Cisco shares have transferred their subscription shares.
The share of shares received has increased from 7% at the beginning. One by one, by the end of January, all $70 million had been spent. In total, it took a 23% stake in Cisco, although according to Cisco's market capitalization of $225 million. 70 million to get 23% of the shares is a huge loss, but if you calculate the market value of $500 billion at Cisco's peak, the value of this equity will be astronomical.
Of course, Eric also knows that as Cisco grows, this stake will definitely be gradually diluted, but as long as it can maintain about 10% of the stake in the end, it will still be a huge wealth in the future.
At the same time that Chris spent all 70 million dollars. At the same time that the Los Angeles branch of the Federal Trade Investigation Commission, the U.S. antitrust investigative agency, held a press conference to announce that it would investigate the alleged monopolistic practices of Firefly and United Elite Brokerage (UTA).
As soon as the news came out, public opinion was in an uproar again, and various analyses soon appeared in the newspapers.
In Malibu Manor, Edward. Lewis hurried into the living room and sat down across from Eric, who by this time had already made several people in the drawing-room, Jeffrey. Robert. Shay and UTA CEO Kapoor. Sid is all here.
"Edward, let's talk about the situation first, shall we?" Eric personally gave it to Edward. Lewis poured a cup of coffee before speaking.
Edward took a sip of his coffee. Then he took out a thick stack of papers and put them on the coffee table, took out one of them and said: "Eric, roughly like this, the Federal Trade Investigation Commission has begun to investigate and collect evidence on Firefly and UTA, once convicted, then, in addition to selling all the shares of UTA, you may also face a huge fine." ”
"How much will this fine be?" Eric asks his biggest concern, Columbia and Fox joining forces while owing the Fireflies a huge share. Eric realized that the last killer had to do with money.
Edward. Lewis found another document and said: "According to the provisions of the Antitrust Law, under normal circumstances. The penalty is based on 20% of the revenue generated by the offending enterprise due to monopolistic behavior. But this number is not fixed and is quite elastic. If you do it well, you don't even have to pay a penny fine, just transfer your UTA shares, but if you ......"
"Edward, sorry to interrupt you, you know, we all know a little bit about the relevant laws, so you can just say how much I might have to pay for it."
"Uh, well," Edward. "Depending on the Firefly and UTA's violations, you could have to pay up to $160 million in fines," Lewis said. ”
Eric jumped: "How can it be so much, UTA's profit today is only a few million?" ”
Edward explained, "Eric, it's not your algorithm, you should combine UTA and Firefly, because UTA and Firefly were your personal property before. And I was before from Caroline. Ms. Elliott got some information, and you've got more than $400 million in total this year. Add to that the revenue that the five movies that are still in theaters may bring, because the violations of UTA and Firefly are not strict, so there is no possibility of a 20% increase in the base amount, so the total amount of fines you have to pay will probably reach up to 160 million. ”
Eric was stunned and asked, "How long is the time limit for the fine to be collected?" ”
Edward knew what Eric was asking, and said, "As it stands, this lawsuit won't last more than three months, and after that, you have three months to pay the fine, by the way, Eric, I just emphasized to you, $160 million is only the worst possible scenario, in fact, under normal circumstances, the fine will be much lower than that, or even not have to pay." ”
"Half a year," Eric muttered to himself, he didn't ask Edward what would happen if he didn't pay the fine when due, it was clear that it was nothing more than an asset freeze and then an auction. What his assets are, it's just fireflies.
And, although the profits from these films at the end of the year may be far more than $160 million, Eric is sure that after these movies are released, he will not be able to get this money except for a lawsuit. And by the time the lawsuit is won, half a year is estimated to have passed.
Since the matter is irreparable, Eric no longer suffers from gains and losses, and says to several people around him: "Since it has reached this point, it is time for us to fight back." ”
Jeffrey had already held his breath, because Eric lacked trust in other people, so far, only Jeffrey was present to know about the tape he left before: "Eric, what do you need us to do, just say it?" (To be continued)