The coy and hesitant attitude of each shareholder made Li Zhengdao feel incredibly aroused, to the point that he wanted to grab a knife and chop them up.
What he thought was a sure thing turned out to be a week in the making, but he still hadn't managed to secure many deals.
This made the client, Rock, impatient, and he had no choice but to increase his stakes.
When the amount of funding he had secured reached $1 billion, Li Zhengdao was at a loss.
He's now filled with regret, wondering why he was so blinded by greed and invested in Loongson Technology.
If he had also invested in BaWang TVs, he would have made a fortune by now.
But now he can only run around for a pittance, talking himself hoarse trying to say he wants something.
Money gives heroes courage. There's nothing he can do; he's poor right now.
When the shareholders received this news, they immediately gathered at the Sihai Hotel to find Su Wu.
Peter then described the current situation.
"Xiao Wu, Li Zhengdao has sent word that they are willing to invest 1 billion US dollars for a 30% stake."
Buying 30% of BaWang TV's shares for approximately 7 billion Dragon Coins is indeed a high price.
This already exceeds the total investment in BaWang TV.
Looking at the expectant eyes of the crowd, Su Wu thought to himself that he still hadn't seen much of the world.
Unlike startups that need financial support, BaWang TV is currently in good health.
In this way, they inherently possess absolute power of speech.
He thought for a moment and said, "30% is too much. We can only give them 15% of the shares at most. Don't underestimate our potential. In the next two years, we will definitely be a unique product."
Upon hearing this, everyone fell into deep thought.
In terms of technology, they have absolute trust in Su Wu; otherwise, they wouldn't have come to invest.
If what Su Wu said is true, then how much money could they make during the two-year monopoly period?
It seems to depend on how much production capacity they have.
Judging from the current situation, their annual revenue from full-capacity production would probably be an astronomical figure.
Thinking about it that way, 1 billion US dollars doesn't seem like much.
However, Su Wu's decision to cut his shares in half revealed just how ruthless he was.
Seeing that everyone was speechless, Su Wu continued to explain.
"To be honest, if it weren't for the convenience of listing on Nasdaq, I really wouldn't agree with everyone diluting their own shares to raise funds. It's no different from giving money away to others."
"However, as everyone should know, once we list on Nasdaq, given our current situation, it won't be a problem for our assets to multiply several times over, after all, it's a unique business opportunity."
"But even so, we can't suffer too much loss, and we can't let those foreigners take too much advantage."
Everyone listened attentively and nodded in agreement.
Since there are greater benefits to be had, they will not abandon the fundamental for the trivial.
After some discussion, everyone reached a consensus to stick to the 15% bottom line.
Despite Li Zhengdao's persistent pleading, they refused to budge, as if they had all reached a consensus.
Li Zhengdao had been entertaining Luo Ke with meals and drinks for a week, but he couldn't take it anymore and had to tell him what was going on.
Moreover, Peter also gave him a false message.
That means other capital has already begun to contact them.
This really worried Rock.
Having no other choice, after careful calculation, he agreed to the proposal of 15% equity for $1 billion.
As a result, BaWang Television held its first shareholders' meeting shortly after its establishment.
Su Wu maintained his "good cop" persona throughout, which secretly pleased Li Zhengdao and Locke.
In their view, they had successfully betrayed Su Wu.
But when Rock saw the initial contract, he refused to accept it.
Why shouldn't Su Wu's shares be diluted? Isn't that outrageous?
After he invested $1 billion, Su Wu still holds the same shares. Isn't this just messing with him?
"I cannot accept such a contract; it's not scientifically sound."
“Mr. Rock, this is the contract from when our company was founded. It’s clearly written there. Please understand this,” Peter said in a deep voice.
Just kidding, without Su Wu, where would we get the chance to make money? We must form a united front at this time.
As a result, all shareholders unanimously agreed to abide by the contract.
Su Wu smiled and said, "Mr. Rock, aren't you the ones who most advocate the spirit of contracts? If you feel it's inappropriate, I think we should just forget about it."
never mind?
How could I possibly let it go?
During this period, he spent a lot of time and effort bribing the various shareholders.
He's already spent the money; how could he possibly return empty-handed?
By this point, Rock knew he had been tricked in this matter.
He gritted his teeth and said, "I can take over, but we must sign a new shareholding agreement."
“Okay, I agree.” Su Wu nodded.
You should act innocent when you've gained an advantage.
The new contract was drafted quickly.
From now on, Su Wu, who holds 30% of the shares, can only retain 15% of the shares to avoid dilution.
In other words, if there is any further financing, Su Wu's shareholding will be reduced.
This is a result that everyone is happy to see.
After all, once you've done it the first time, you'll likely do it many more times.
Everyone is in it to make money, so naturally they hope to continuously raise funds to increase their assets.
Secondly, Rock needs to ensure that BaWang TV is listed on NASDAQ.
As for the other terms, there's not much to say; they're just superficial.
Once everything was settled, Su Wu turned and left, no longer concerned with what happened next.
In Li Zhengdao's view, this meant he left in a fit of rage.
Unbeknownst to him, Su Wu and his team had already begun preparing for a celebration party after the company went public.
Rock secured the investment for Overlord Television, making his trip worthwhile, and immediately returned to America.
It must be said that he was very efficient; the BaWang TV passed the review in just one month.
After some maneuvering, BaWang TV went public on NASDAQ with assets of US$2 billion, issuing 20 million shares in its initial public offering at an opening price of US$10 per share.
BaWang TVs have been on a meteoric rise since their launch, with no sign of slowing down.
The value of the world's first company capable of producing LED TVs is self-evident.
Everyone now knows that, at least this year, no other company will be able to produce LED TVs.
The benefits that such daily necessities can bring are self-evident.
Therefore, BaWang TV's stock instantly activated its golden lineage and became a hot stock.
In just one week since its listing, the stock price has already exceeded $50.
It's no exaggeration to say that by this time, the shareholders of BaWang TV had already broken even, and might even have made a profit.
This rapid momentum has prompted more foreign capital to seek cooperation.
Thus, when the stock price reached $70, BaWang TV ushered in its second round of financing.
This time, there were as many as three investors.
Su Wu boldly declared that they only needed one partner, and the highest bidder would win.
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