Chapter 166: Right to Sell (Asking for Subscription, Asking for a Monthly Pass)

In this time and space, Ji Sheng has never slept so dead.

Maybe he took the initiative to give some energy last night, and he was tired.

Even if he was woken up by the phone now, Ji Sheng still had a strong feeling of hunger, although he had eaten a lot last night.

"Hello?" Ji Sheng said instinctively.

There was a call from Steve. White's voice, "Boss, there's a guy named Joshua. Mr. Borg said that he had made an appointment with you to meet at the company at 10 a.m., and he has been waiting here for a long time, are you still coming to the company? ”

Ji Sheng was stunned for a moment, "What time is it?" ”

Steve. White said, "Eleven thirty." ”

I'll go!

More than eleven hours of sleep in one night?

Ji Sheng had never slept in this time and space for such a long time, but he still felt a little tired and desperate to eat, he thought for a while, "Give me and Joshua. Borg arranged a restaurant, and said I'd invite him to lunch, and we'll talk about it later. ”

"Okay." Steve. White agreed.

Ji Sheng got up and freshened up.

Just got acquainted with Steve. White called him and told him the address of the restaurant.

Ji Sheng put on his coat and went downstairs to drive.

The restaurant was not far from the hotel and he drove there quickly and at the same time, met Joshua. Borg himself.

It was a white man of thirty-seven or eighteen years old, tall, estimated to be 1.9596 meters, he wore thick rimless glasses, his beard was not much-trimmed, he was wearing a dark red striped formal suit of the season, and he still buttoned his coat when he sitted, but the folds of his shirt suggested that it was neither his usual attire nor his favorites.

Ji Sheng stood next to the table and asked, "Joshua. Borg? ”

Joshua. Borg hurriedly stood up and stretched out his vigorous and powerful right hand, "Hello Mr. Ji, I'm Joshua. Borg. ”

Ji Sheng shook hands with him and said apologetically: "I was a little tired last night, and I couldn't get up this morning, so I made you wait in the company for a long time." ”

"Just so I can have lunch." Joshua. Borg joked.

Ji Sheng was amused by him, and invited the other party to sit down at the same time as he sat down.

After sitting down, Ji Sheng said while ordering: "I heard that you used to work at Merck, and at the age of thirty-five, you were already a senior director of Merck's basic chemistry department, and most chemists of this age still synthesize molecules in front of the experimental table, and you already have 17 patents, and you are considered to be a strong candidate to take charge of Merck, a pharmaceutical giant, in the future, why did you suddenly resign and start your own business?" ”

Joshua. "I want to change the whole pharmaceutical industry, and Merck, although it is a pharmaceutical giant, can't make me realize that dream." ”

Ji Sheng didn't expect his ambitions to be so huge, although he knew that many biotech companies tend to make up exaggerated stories in order to seek investment on Wall Street. Borg didn't say a word about the story just now, but just explained the grand ambition in his heart.

"I know you beautiful Chinese people don't like to talk about business during meals, but if you want, I'd love to hear about your company's research and development projects now." Ji Sheng said.

"I'll just say it briefly." Joshua. "At present, Futai Pharmaceutical's first project is to improve the immunosuppressant FK-506, which is still in experiments, and FK-506 has shown strong toxicity in some animal experiments, but it still has the potential to become an important drug for organ transplantation and the treatment of autoimmune diseases," Borg said. ”

At this point, Joshua Borg's voice became sonorous, "We're going to redesign this molecule and eliminate its adverse effects!" ”

Ji Sheng didn't understand pharmaceutical research and development, but out of respect, he still said: "Tell me carefully." ”

Joshua looked at Ji Sheng in surprise when he heard this, because the group of investors on Wall Street were often impatient when they heard him say this, but Ji Sheng was willing to dig deeper, and this situation was something he had never encountered in the hundreds of investments he had sought.

He knew that Ji Sheng was really interested, and his mood suddenly became excited, and he began to introduce in detail: "Futai Pharmaceutical does not plan to take the old road of extracting natural products and then making minor repairs to their molecular structure, but to design drug ...... atom by atom like designing a building or a computer."

"Wait." Ji Sheng interrupted: "If you say so, as long as you are a discerning person, you can see that the pharmaceutical industry, the second most profitable industry after tobacco in the past forty years, will face great changes, and the river of money will also be rerouted, is this what you mean?" ”

In fact, he had the answer in his heart, and Futai Pharmaceutical in the future did indeed do Joshua. Borg's rhetoric, but he wanted to hear it with his own ears.

Joshua. "Yes, I believe that in the next 30 years, the pharmaceutical industry will be more meticulous and rational, the leaders of change will become heroes, and my Futai Pharmaceutical, or a company like Futai Pharmaceutical, will become an industry model like Merck, not only in the field of medical science, but also the most admired company in the world!" ”

If the average investor would have scoffed at him.

But Ji Sheng knew how great Futai Pharmaceutical was later, and said with great certainty: "I also believe that you continue to talk." ”

Joshua. Only then did Borg slowly go through the details of his company's projects.

It involves a lot of professional knowledge in medicine and biology, and Ji Sheng will stop and ask carefully if he doesn't understand.

The two of them didn't finish their meal until they finished their meal.

Ji Sheng drove a Ferrari with Joshua again. Borg returned to the company and continued to listen to the introduction.

……

As a result, when he first arrived in the company, Ji Sheng's whole person was a little blind, and there were already forty or fifty employees in it.

You must know that he only made a presentation to the General Office Minister Carlisle at noon yesterday. Corlens issued a recruitment order for a limited time, and he actually recruited so many people today?

I have to say that this person does have some abilities.

Just when he was secretly satisfied with Carlisle. Corlens was able to work at the time of Sophia. Green also walked up resolutely, "Boss, in the morning, Exxon sent someone to sign the contract with us, I immediately rushed to several insurance companies to negotiate, they are willing to give our company a commission of five percent in the remaining contract period, and if you renew the contract on behalf of Exxon next year, you can increase this commission ratio to seven percent, and if you renew the contract in the future, you will sit down and negotiate again." ”

"Well done." Ji Sheng nodded at her, and then said, "Get this done as soon as possible." ”

"Okay boss."

Sofia. Green turned around and went to get busy.

"Boss."

"Good afternoon, boss."

The new employees took the initiative to greet him.

Ji Sheng also smiled and nodded in response.

With Joshua. Borg came to the office.

Ji Sheng sat in the boss's chair and listened to the other party for another hour and a half.

"That's about it." Joshua. Borg finished introducing his project.

Ji Sheng bowed his head and said: "I am very optimistic about your project, now let's talk about how much money you still lack." ”

"Let me explain in advance that Futai Pharmaceutical has no products and no income now, and it may be a few years before we know if there are any products available for sale, and if you invest, the money is likely to be wasted." Joshua. Borg reminded very kindly.

Ji Sheng didn't think much of it at all and said, "You just said how much it costs." ”

Joshua. Borg said cautiously: "Our company's current weekly R&D expenditure is about 75,000 US dollars, if calculated according to historical data, it is expected that the company will spend more than ten years and at least 250 million US dollars of investment to develop the first marketed drug, of course, I know that it is not realistic to ask you for 250 million US dollars, I ...... Do I want five million lines first? ”

"Five million, how many shares are you willing to give to me?" Ji Sheng asked expressionlessly.

Joshua. Borg seemed to be prepared, and immediately after Ji Sheng finished saying this, he said, "Twenty percent." ”

5 million 20 percent shares?

Ji Sheng knocked on the table and didn't speak.

Joshua. Borg didn't know if Ji Sheng would invest, and he didn't dare to breathe nervously.

Ji Sheng thought carefully for a while, Futai Pharmaceutical will be a top pharmaceutical company with a market value of tens of billions in the future, and if it can maintain 20% of the shares at that time, it will definitely be worth 10 billion.

But the current 20% shares, it is definitely impossible to wait until there are so many in the future, after all, Futai Pharmaceutical must still have financing.

"In this way, I will give you 10 million US dollars, you give me 40% of the shares, I will not interfere with any operation of Futai Pharmaceutical, but I have the right to make additional investments to maintain the proportion of shares every time I raise funds, and before going public, my company must hold at least 20% of the shares of Futai Pharmaceutical, what do you think?"

Ji Sheng looked at Joshua. Borg asked.

Joshua. Borg hesitated, "Do you want forty percent of the shares?" ”

"Yes, and it won't interfere with your company's operations." Ji Sheng said in a very seductive tone: "There will be no investor on the entire Wall Street who offers such favorable conditions as me." ”

Joshua. Borg gritted his teeth and said, "I promised you." ”

Ji Sheng snapped his fingers, "Very good, I'll call someone to talk to you about more details now, and then the two sides will make an appointment to sign a contract." ”

"Thank you, thank you, Mr. Ji." Joshua. Borg exclaimed.

Ji Sheng comforted him and called Steve. White, Sophia. Green came over with Joshua. Borg talks about some of the details of the investment.

The negotiations went very smoothly, except for some disputes over the terms of the right to sell. Except that Borg still gave in to capital, he didn't have any other opinions.

Period Sophia. Green sang a white face and wanted to sign a gambling agreement with Futai Pharmaceutical, but Ji Sheng sang a red face to stop him.

It is precisely because of this that Huajin Capital obtained the right to sell.

What is the right to sell?

The right to sell refers to the right of the venture capital to force the original shareholders of the company to participate in the sale of the company initiated by the investor, and the venture capital has the right to compel the original shareholders of the company, mainly referring to the founder and management team to transfer shares to a third party together with themselves, and the original shareholders must participate in the equity transaction between the venture capital and the third party in accordance with the transfer price and conditions reached between the venture capital and the third party.

It is usually used when someone is willing to buy and some of the original shareholders are unwilling to sell, and this clause allows the VC to be forced to sell.

After an appointment of five days, Joshua officially signed a contract. Borg walked away with the initialling of the contract.

Wait until the person is gone.

Ji Sheng, who was in a good mood to win Futai Pharmaceutical, was disturbed by others.

It is the head of the company's finance department, Sally. Hill, she came in with a lot of financial information, her face was solemn, and she said in the first sentence: "Boss, it's nothing for you to spend 10 million to invest in Futai Pharmaceutical, but the company's accounts are only 3 million, what if you don't have so much money for Futai Pharmaceutical?" ”