The ninth girl looked at Zhao Ran with some admiration: "I don't know how your head grows, speaking of it, it sounds strange at first glance, but it seems to make sense...... These invisible ...... you are talking about. Assets? Yes, I admit it has a lot of value, but how do you estimate it?"

Zhao Ran said: "There are many ways to value intangible assets, such as the cost method, such as the market method, such as the income method. "Junshan Notes" is a media and has particularity, so the first two are not very applicable, so let's evaluate the value of "Junshan Notes" by measuring the income for the time being. This method is based on earnings or cash flows......"

"What is cash flow?"

"It is the inflow and outflow of gold and silver in our hands as it stands. You don't understand that it's complicated, let's make a simple number explanation, in the twenty-sixth year of Jiajing, the amount of money transferred by the editorial department of "Junshan Notes" is almost called cash flow. At present, the amount of money received for each issue of the subscription fee, the manuscript fee issued, and the cost of materials add up to two thousand silver, and the cash flow is seventy thousand taels for more than thirty issues in one Chinese New Year's Eve. I won't overcalculate with you, only 20 years, and the cash flow will be more than 1.4 million taels!"

"I see, but the cash flow you are talking about cannot be converted into income. ”

Do you know what cash is king? Shops with income are still closed down all over the place, and those who lose money every year can still live a good life as long as the cash flow is sufficient. ”

The ninth girl frowned and pondered, shook her head and said, "Very peculiar idea, very difficult to understand, but you are right. But what does it mean to convert twenty years?"

Zhao Ran snorted: "Actually, it doesn't matter, if you convert it into twenty years, I just want to tell you that in the next twenty years, there will be at least how much gold and silver will flow on the "Junshan Notes". If you convert it into ten years, it will be at least 700,000 taels, and I can guarantee that the annual flow of gold and silver will increase greatly in the future. ”

After thinking about it, he said, "If it's not easy to understand, we can measure it by benefits." I admit that "Junshan Notes" is not making money at the moment, but if you really want to make money, it is actually not difficult. We can measure the value of the notes in terms of expected returns, for example, each issue is arranged with a one-page article, but all sects and monks who need to publish information and announcements can be posted on it. For such information, we charge 50 taels for a piece of information, and arrange 20 pieces per page, which is 1,000 taels, and the income for a year is more than 30,000 taels, and 20 years is 700,000 taels. ”

"For example, I'm urging our monks to improve the function of the flying talisman, to save the cost of each flying talisman, and once the improvement is successful, how much silver can be saved per year?"

"For example, now we are charging the cost of Feifu, and if we open the charging system in the future, for example, each volume will cost one tael of silver, and the annual income will be more than 100,000 taels. ”

"Like ......"

Zhao Ran, "For example", the various prospects of "Junshan Notes" appeared in front of the eyes of the nine girls and Rong Niang.

After Zhao Ran finished "for example", he took a sip of water, leaned back, and looked at the two people in front of him: "The expected value of "Junshan Notes" is immeasurable, my Sect Holy Pavilion will take out this wealth and share it with you, the valuation is one million taels, isn't it expensive?"

Rong Niang pursed her lips and smiled: "It's really not expensive." ”

The ninth girl glared at Rong Niang and sighed: "Okay, since Ge Soshan agrees, I don't have anything to say." How much money are you going to charge us?"

Zhao Ran said: "It's very simple, let's subscribe to the silver according to the converted shares." I intend to divide Junshan shares into one million shares, one tael per share. Zongsheng Hall retains 600,000 shares ......"

The ninth girl interrupted: "There are too few points. ”

Zhao Ran said: "I'm here to save you money." Nine girls are worried that the holding too few shares will affect Longhushan's right to speak in the affairs of "Junshan Notes"? I guess that Nine Girls actually don't care about whether "Junshan Notes" can generate income, what you care about is actually the role of this journal, in this case, we can divide the equity and management rights, and operate separately. ”

The ninth girl was a little confused: "What do you mean?"

Zhao Ran said: "We can sign an agreement, the amount of equity is only related to the annual dividends, and does not determine the transaction rights of "Junshan Notes". How to manage and operate Junshan Notes is separately agreed in the agreement. Specifically, in the editorial department of "Junshan Notes", what is the number of recommended editors, such as the formation of a content review committee, to review the content of each issue of the notes, and put forward opinions and suggestions, of course, this is a post-event review, and each has a number of review members. ”

The ninth girl was a little dizzy by Zhao Ran, pondered carefully for a long time, and agreed to the operation method of separating equity and management rights, but although she was confused, she still grasped an essence, but anything that Zhao Ran was unwilling to take out must be good!

"I agree with what you said about the division of powers, but you don't have to save money for my family, I want more equity, Rong Niang, don't you say?"

Rong Niang said: "I have no opinion, you can do anything." ”

Zhao Ran and the Nine Girls were entangled on this issue for a long time, and finally Zhao Ran made a concession, he returned the equity of the Zongsheng Pavilion to 500,000 shares, and determined the proportion of shares.

500,000 shares of Zongsheng Pavilion, 150,000 shares each of Longhu Mountain and Gesoshan Mountain, and 100,000 shares each of Yuhuang Pavilion and Helin Pavilion.

For this reason, Longhu Mountain and Ge Soo Mountain will each hand over 150,000 taels of silver to the Zongsheng Pavilion, Zhao Ran is not short of silver now, he asked the two families to use the cultivation resources such as talismans, magic weapons, spiritual materials, etc., to fill the Zongsheng Pavilion's still somewhat empty treasury.

But the ninth girl is still not satisfied, and her keen intuition believes that the major shareholders, who account for more than half, are not good shareholders - except for herself. She asked Zhao Ran to reduce the share capital of the Zongsheng Pavilion, which could not reach half. Zhao Ran was very helpless and stared at the nine girls, and said in his heart, why is this girl so difficult?

The Nine Girls said: "I don't care who your Zongsheng Pavilion will give these shares to, but it must be lowered, either you sell the shares to us, or you reintroduce one, otherwise everything we talked about before will not be counted, and we will publish a journal in Longhu Mountain ourselves!"

The negotiations were temporarily suspended, and Zhao Ran needed time to measure. Measuring and weighing, he found that the progress of things to the present is no longer a problem of "Junshan Notes", with the deepening understanding of the various sects of the Daomen, he can't push out Longhu Mountain, and he can't imagine the situation of standing on the opposite side of the other party.

After figuring this out, I had to go back to Tsing Yi and tell her about the situation. Tsing Yi shook his head: "I said before, our Hidden Immortal Sect has no interest in this, we don't want any shares, as for me, just write something and publish it when I have time, and I don't have the time and energy to spend on "Junshan Notes". ”

Zhao Ran said: "Count me as giving you 50,000 shares of the Hidden Immortal Sect for nothing, you don't need to take a penny of silver, sister, I beg you, help me hold the shares on my behalf." ”

Tsing Yi sighed and reluctantly agreed.

Thus, the final agreement took shape. In the agreement, the management rights of Junshan Notes were clearly stipulated, mainly in two ways, one is that each of the remaining five companies will send an editor to join the editorial department, and the other is to set up a content review committee, with one quota for each company, to review the content of the notes after the fact.

Nine Girls and Rong Niang both sent the agreement template back to Benshan, and Zhao Ran also sent a draft agreement to Dongfang Jing and Lu Xixing. Although the Jade Emperor Pavilion and the Crane Forest Pavilion did not participate in the negotiations, Zhao Ran definitely could not act arbitrarily, and if the two had any opinions on the agreement, they would have to conduct supplementary consultations at that time.

Not long after these two people left Longhu Mountain, they had not yet left Jiangxi, and immediately returned to Longhu Mountain after receiving the template of the agreement, and at the same time sent the template back.