George indicated that he wanted to speak with Xing Baohua alone, and the two walked towards the door.
The female translator tried to follow, but Xing Baohua stopped her with a look, subtly raising her chin towards the crowd. It was as if to say, "If you come along, who will translate for those people?"
"Xing, we've considered it. We can be your agent, but our commission rate will be a bit higher initially. We'll take 20% of all your patent fees in the United States. Don't think it's too high; we have a lot to do for you."
"Sure, I know what kind of guys you're going to be dealing with—a bunch of arrogant and conceited people. Some of them need to make multiple appointments just to see me, and they don't even care about my designs. But it's okay, buddy. As long as we can succeed at one place and build a reputation, we can sit back and collect money, lie down and collect money, right?"
Xing Baohua stated frankly that he had no room for negotiation now, as he felt that a 20% commission was indeed not high.
If you want a horse to run fast, you have to offer plenty of incentives. First, take out two design drafts and apply for patents, then look for opportunities to sell them to Apple, IBM, or Motorola.
Sell them all at once or collect patents for each product.
Xing Baohua personally hopes to sell it all at once, and he doesn't mind if the price is low. He has plenty of product plans in his mind, and what he needs is money and spare parts.
They seem very confident. I just wonder if these three foreigners from the US are cut out for sales.
To prevent these three from selling the patent and running away with the patent fees, Xing Baohua also tampered with the blueprints. And in a very malicious way at that.
If these three people truly want long-term development, they will definitely follow Xing Baohua's steps, which is the only way to ensure a continuous flow of wealth.
If these three only care about their immediate interests, Xing Baohua will only lose two electronic design drawings. There's nothing he can do; if that really happens, he'll have to personally set foot on American soil to settle accounts with them.
During this conversation, Xing Baohua presented George with a grand vision, promising substantial future profits. George nodded repeatedly, indicating his agreement.
Of course, if you think that people really believe Xing Baohua's empty promises, you'd be wrong; he's being very cautious.
The initial investment was still the same tube amplifier and speakers; Xing Baohua only needed $5,000 in cash and $5,000 worth of chips out of the $10,000. The remaining money was used for the expenses of George and his two companions in setting up a company and developing business in the United States.
Twenty thousand US dollars is no small sum, and Petermont will use this money as seed money. After all, the three of them had discussed it, and if Xing Baohua agreed, they would set up a company specifically to serve Xing Baohua's patents and manufactured electronic devices.
Xing Baohua used the $20,000 plus his technology as equity investment, holding 40% of the shares, while the other three each held 20% of the shares.
In reality, the three foreigners acquired shares without paying a single penny. It would have been easy for them to conspire to swindle Xing Baohua.
However, it is still a makeshift team at present. Although it seems to have a large number of shares, there are actually many hidden risks.
In his previous life, Xing Baohua signed many contracts when he was the vice president and chief engineer, and he was quite knowledgeable about contracts.
The deadly tactic of nitpicking in contracts makes dealing with these three too easy. Unless they hire a top-notch lawyer to scrutinize the contract carefully, they won't discover the flaws.
This is also one of Xing Baohua's ways of keeping an eye on them; who knows what will happen in the future.
Steve Jobs' Apple was amazing! Even the founder was ousted by a bunch of shareholders, and that's going to happen next year. Xing Baohua needs to get in touch with this eccentric man before Jobs leaves Apple.
Of course, you have to bring something that will interest Mr. Joe, otherwise a billionaire like him won't pay any attention to you.
Xing Baohua told George that he would put together the contract in the next couple of days, and then let them see it. Would that be alright? Everyone would sign it.
After talking with George, Xing Baohua walked towards the office building.
I was secretly delighted. This is what it means to get something for nothing. Such a classic scheme deserves to be included in textbooks for future generations to study.
The materials for the entire audio system cost less than one hundred yuan.
The profits here are enormous.
As for the unseen $20,000, it's already accumulated into a considerable sum. Did Pitmont lose out by ultimately paying that $20,000? He bought the sound system to resell it, and ultimately made a profit.
No one loses out; everyone benefits. Even if this shell company goes bankrupt, no one will lose out.
Humming a little tune, I had just arrived at the office building area when I saw Xu Shuai sneaking out from the woods in the green belt behind the building.
"Where did you go just now? I've been looking for you everywhere," Xing Baohua said to Xu Shuai.
When Xing Baohua called out to Xu Shuai, he instinctively turned to look at him and quickly wiped his mouth.
Seeing his actions, Xing Baohua thought he was sneaking a treat.
"Nothing much! Have you finished your business? If there's nothing else, we'll head back now," Xu Shuai said to Xing Baohua.
"Did you secretly eat something behind my back? Why were you wiping your mouth just now?" As Xing Baohua was speaking, Xu Shuai subconsciously wiped his mouth again.
"Look at you, still wiping your mouth. What did you eat?" Xing Baohua said, grabbing him as the two playfully returned to the office building.
As I was carrying the speaker and getting ready to go downstairs, Su Ya ran over and said, "I'll wait for you in the cafeteria at noon."
“Okay,” Xing Baohua replied.
Put the things on the tricycle and let Xu Shuai ride back. He still needs to find Director Liu to get a note to get the ingredients from the canteen.
Director Liu readily wrote out the slip and signed it, then said to Xing Baohua, "Xiao Xing! Think more before you act in the future. Your father is such an honest man, how did he give birth to such a cunning person like you?"
"No, Director Liu, what do you mean?"
"You're so smart, coming over this afternoon when you're at work. There are some things we need to discuss," Director Liu said.
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