Chapter 411 - 50% Premium

"Have any of you heard of this Rice First Foundation?" At the beginning of the meeting, everyone was first curious about the United States Priority Foundation, which suddenly appeared.

In particular, several large funds that are members of Wall Street say that they have not even heard of this United States First Foundation. It seems to have come out of nowhere, making people feel like a fake.

"You don't have to worry about this!" Qualcomm's chairman Owen Jacob couldn't help but be a little annoyed when he saw that these people had been entangled for a long time and hadn't talked about the topic, "No matter where this foundation is?" But I like his name very much, and the fact that the United States is the first thing proves that this is a very patriotic foundation, and I am willing to believe in such a foundation. And gentlemen, whether this foundation is real or not, as long as their money can be received, isn't it enough? ”

Yes! As long as the money can be received, what the hell does he care about this Mi Country Priority Foundation!

The directors in the room quickly agreed and then moved on to the next topic.

It is a series of questions about whether to sell, how much to sell, and at what price to sell.

"I think I can sell it!" Owen Jacob, as the chairman, took the lead in expressing his opinion: "Now is the most critical moment for us at Qualcomm, only if CDMA succeeds, the group can go down, otherwise everything will collapse." But our funds are already seriously insufficient, and we must be invested and supplemented by foreign capital! ”

"So I suggest that a part of the additional shares be issued to this foundation in exchange for enough funds to be used in the next development of the group!" Owen Jacob expressed his opinion in a clear manner.

Owen Jacob is the chairman and founder of Qualcomm, and in his eyes there is nothing more important than the development of Qualcomm. So he needs a lot of money to support Qualcomm's development.

And Owen Jacob still holds 15% of Qualcomm shares in his hands at this time, which is the largest number of shares among all Qualcomm shareholders.

"Yes!"

"We agree!" Several other scientist shareholders who co-founded Qualcomm with Owen Jacob also agreed.

However, the foundation disagreed, and Eugen Jackson, the representative of the CPC investment fund, stood up and said, "Ladies and gentlemen, we also think it is a good idea to sell, but why issue additional shares?" If it is issued, then it will need to go through complicated approval procedures, and when everything is done, the daylily will be cold! ”

"So I suggest that you simply transfer some of the shares to this foundation, wouldn't it be fast and convenient!" Eugen Jackson said.

"What a transfer, I think you just want to make money!" Owen Jacob was furious, "This investment can only be used for the development of the company, and no one wants to take the money and leave!" ”

Of course, Owen Jacob will not be deceived by the mouths of these fund companies, these fund companies undoubtedly see that the development of Qualcomm has fallen into a crisis and bottleneck, so they have the mind to retreat and leave, and exchange the shares of Qualcomm in their hands for cash in a timely manner.

So such an investment doesn't make any sense to Qualcomm itself.

"We are investors, not philanthropists!" Eugen Jackson sneered, and the two sides were about to quarrel.

"Calm down, everyone!" At a critical moment, Son Masayoshi came out and said, "I know what you mean, he is also thinking about their own interests, there is nothing wrong with this, we all take what we need!" ”

"How do you take what you need?" Several people looked at Sun Zhengyi and asked with a frown.

"We can issue more shares and sell shares at the same time!" Son Zhengyi said with a smile, "We can first discuss an additional issuance plan, how many shares to be issued, how much funds to obtain for the company's operation, all discussed, and then negotiate with the other party, and get the company's development funds again."

"Next, we will decide to sell the shares, but there is no need to discuss this, how much everyone is willing to sell is everyone's own business, as long as a unified selling price is set, what do you think?"

Son's words did take into account the interests of both parties, so both sides nodded and agreed to the dispute just now.

As a result, the decision to sell the shares was decided, and the next step was how to sell.

"I suggest that we can issue $50 million worth of shares!" Owen Jacob was the first to speak.

Qualcomm's stock price is now around $250 million.

The issuance of an additional $50 million in shares is almost an increase of about 20% of the shares.

For example, the company's total shares are 10,000 shares, so if you issue 2,000 additional shares, and sell all these shares to the other party, you can get an income equivalent to 20% of the total market value, that is, 100 million US dollars.

As a result, all investors who buy shares will lose 20% of their shares.

"I'm okay with that!"

"Neither do I!"

This plan was quickly agreed by everyone, if Qualcomm can really get an investment of 100 million US dollars, then the entire Qualcomm will come alive and can continue to support research and development for a long time, and Qualcomm's stock price will also rise in a straight line in the case of good news, everyone has benefits, which is indeed beautiful.

Next, it's time to talk about selling stocks.

According to Son's suggestion, all shareholders should join forces to negotiate a unified price, so that everyone can avoid losing money by comparing prices with each other.

"I suggest that if you want to sell your shares, you should sell them at a premium of more than 50% based on the stock price at that time!" Son was the first to say that the premium of 50% means that if the stock price on the stock market is $100 that day, then he will sell his shares at the price of $150 a share.

50%? So high!

Everyone looked at Son in disbelief, now that Qualcomm is like this, who would be willing to pay a premium of 50% to buy Qualcomm's shares?

"Don't worry, he'll buy it!" Son said confidently, "Since this foundation has sent a letter of acquisition to all of us, it proves that he has a great appetite, otherwise as long as we contact any of us privately, wouldn't we be able to buy a part of the shares?" Why bother telling everyone about it. ”

"So I think that this America First Foundation, I'm afraid they want to buy no less than 30% of the shares, and none of us can meet this requirement, so he will send a letter of acquisition to everyone, just hoping to buy a large number of shares!" Son said.

"Then, he will definitely do whatever it takes for everyone to eat our shares!"

“30%! His appetite is so big!! Owen Jacob's face changed instantly, he only has 15% of the shares, if there is really a major shareholder with 30% of the shares, then is he still the chairman?

"Rest assured, as long as everyone is united, then we have 55% of the shares, and it is impossible for that foundation to control it! At the same time, we can also let him sign an agreement, his shares will only be invested, and will never interfere with the normal operation and development of the company! Son's words calmed Owen Jacob a little, and the board of directors finally agreed so happily.