Chapter 40 Kangmaoda General Meeting of Shareholders III

"Alright! $13 is no less, I agree! The first to speak in favor was Rice. Pen × fun × Pavilion www. biquge。 Info Tramil, as the founding family of the company, owns 1/3 of the shares of Commoda.

"Fuck ......" almost all the Kangmaoda shareholders present scolded Rice in their hearts. Tramir. Think Mark. Hamburg has already said that if Commoda makes a mandatory redemption of convertible bonds, Berkshire will make a mandatory tender offer, and although Berkshire's tender offer will definitely weigh on the stock price, it is a lot more than $13. The most serious threat to the tender offer is not the size of the current share price, but the fact that the shareholders present will not be able to enjoy the visible capital gains on the shares in the later stage.

"Mr. Rice is really a reasonable person, and I am confident that the addition of Commoda to Berkshire and Morgan Stanley will make Commoda's future even brighter." Mimzy. Thomson stood up and exclaimed.

Morgan Stanley is the king of Wall Street and the vane, and Morgan Stanley has always been optimistic about the company by Wall Street. We at Berkshire believe that Commoda will get better and better. Mitz spoke on behalf of Morgan Stanley, and Berkshire representative Mark immediately responded.

"Two gentlemen, I don't know if Morgan Stanley and Berkshire are interested in my shares in Commoda, I would be happy to sell my shares at the current market price." Rice. Trammel saw that no one else spoke, and immediately turned to Mark. Hamburg, Mitz. Thomson sells his shares.

"Ahem...... Mr. Rice, this is the annual meeting of the General Meeting of Shareholders of Commoda, not your business negotiation meeting. A Commoda shareholder heard Rice. Tramir's words immediately stood up and reminded.

The reason why this shareholder stood up so quickly was because he was worried that Rice, a fool, would really sell his shares to Berkshire and Morgan Stanley, because Rice had 1/3 of the shares in his hands, and God knows how many shares these two investment institutions secretly acquired, and if they acquired enough shares, the shareholders' meeting would be completely operated by the two institutions.

"Now that Commoda's stock has risen to $60, it's very cost-effective to think that the $20 stock price is dead." So says one shareholder.

"Indeed, you must be kind......

"That's right, you have to be kind to be an investor in order to be welcomed by investors, otherwise you ......"

……

Looking at the ugly faces of the shareholders of Kangmaoda present, the capitalists who speak kindly for the sake of interests. Mark Hamburg sneered and asked, "Some of you gentlemen have told us Berkshire to be kind, but I don't know if you have lived up to the spirit of the contract." In the spirit of the contract, the conversion price is only $5. ”

There was silence for a while, and he looked at his watch and found that it was almost twelve o'clock at noon, and Jamila stood up, "Ladies and gentlemen, as the presiding officer of this year's general meeting of shareholders, I now propose that all shareholders raise their hands to vote, and start now." ”

"Kangmaoda's convertible bonds are converted into $13 per share, please raise your hand if you are in favor!"

Rice. Trammel fell down and raised his right hand in favor of the plan, but none of the shareholders except him raised their hands.

"Well, judging from the current situation, the annual meeting of this general meeting of shareholders cannot be carried out at any time. I propose a two-hour break at noon, so that you may rest during the two hours of noon. "Because today's shareholders' meeting was held a little late, the meeting was adjourned in the morning without discussing anything, and Jamila was also deeply helpless.

"Miz. Mr. Thomson, Mark. Mr. Hamburg, please stay, both of you. After the meeting was adjourned, Jamila caught up with Miz and Mark from behind and stopped them.

"Oh, it's President Jamila, I wonder what's the matter with Mr. President?" Mark turned around and looked at Jamila in front of her.

"Two gentlemen, I wonder if you have the honor to invite you two to have a meal together!"

"Of course, someone spends a bank, and I'd love to." Mark shrugged, "I can eat a lot." ”

"What about Mr. Thomson?"

"I feel like I'll be able to eat a cow."

"It's a pleasure to have lunch with the two of you, please."

After taking a seat at a relatively upscale restaurant near the headquarters of Kangmaoda, he motioned to Thomson and Mark to order, and he couldn't wait to speak: "Two gentlemen, I am very happy to be able to sit here and have lunch with the two of you, and the three of us know why Jamila, Mark, and Miz can appear in this restaurant at the same time." Then I, Jamila, will go straight to the point, I hope the two of you will give appropriate concessions in the transfer price, which is conducive to the two of them entering the shareholder seat of Kangmaoda earlier. What do you two think? ”

"What does President Jamila think is the right price to convert?" Mark looked up and asked quietly.

"$15, that's objectively the most appropriate price. If you can get this price, I guarantee that Berkshire and Morgan Stanley will be able to become the latest shareholders of Commoda in the afternoon. Jamila took out the domineering attitude she should have as the president of Commoda, and gave Mark and Miz a promise very affirmatively.

"Mr. President, now is our time off, so let's not discuss these work matters. We are all part-time workers, and we have to ask the above meaning, don't you say? Come on...... Eat first. "Miz. Thomas said with a smile as he handed the menu to Jamila.

Jamila looked at Mark, only to see Mark nodding as well. A stone fell on his heart because the two representatives had agreed on a $15 conversion price. After the matter was settled, the three of them were unusually happy to eat this meal.

After Jamila's stringing at noon, and after the afternoon adjournment, the annual meeting of the Kangmaoda shareholders' meeting passed the transfer price of $15 without surprise.

"The next step is to elect the directors and review the business report submitted by the board of directors. On behalf of the Board of Directors, I would like to present to the shareholders the report on the business of the Board of Directors for this year and the forecast for next year's business report. ”

"The company's performance in the first three quarters of this year was mediocre...... As a result, the company's computer business was sold for a total of $13.9 million...... In the fourth quarter, the company seized the opportunity to sign an agency agreement with PalmFun, and in the second half of the year, the company's operating system alone totaled more than $700 million......"

"President Jamila, we at Berkshire only care about the renewal of the contract between Commoda and Palmfun about the Palmfun operating system, of course, if possible, we hope that Commoda can participate in the development of the operating system by PalmFun, or can get the relevant technology and code of Palmfun operating system."

"Mr. Mark's proposal is one of the priorities of our managers for the coming year." Jamila stood up and replied very solemnly.

The election of directors is the election of directors by shareholders to represent their own interests and then deliberated by the general meeting of shareholders, and no shareholder can embarrass others in this regard. So this part is easy to pass.

The fourth link is the selection of the president and the company's senior executives, and this year, Kangmaoda has developed well, so there is not much change in personnel, and Jamila is still the president. And at the shareholders' meeting, the shareholders gave President Jamila enough personnel rights.

Next, there are steps such as announcing dividends and changing the company's articles of association, but these links are basically passed without discussion and directly based on the draft resolution of the board of directors.

"Well, it looks like Heney should go to that red country again." After the shareholders' meeting, Jamila muttered as she stood in front of the floor-to-ceiling window of her president's office.