After introducing several people, they began to explain to Xing Baohua the reason for their presence, hoping that Xing Baohua could issue a document to prove that Nande Group's production of ultra-large integrated circuits and mobile phones was established with the support of Da Mi's technology.
Venture capitalists mean they want rice to endorse them.
Xing Baohua shook his head and said, "I won't give you the documents, but I'll give you a verbal promise that I will provide you with technical support. If I give you the documents, I'll be harming you."
"Why?" Old Mou asked in surprise.
Xing Baohua didn't answer, but looked at the people from the venture capital firms. He then asked, "What are the main sources of your company's capital?"
General Manager Zhang Tingxiu humbly stated, "The main clients are individual investors. After the country opened up its financial sector, a group of people made money, but the returns from depositing their money in banks were not high, so they sought our company's help in managing their wealth management projects."
Has any overseas capital entered the market?
"I'm sorry, Mr. Xing, this is really not convenient to talk about."
Xing Baohua turned to Lao Mou and said, "Go to another company. My verbal promise is valuable; someone will come to you with money, instead of asking for a written promise of rice. That would hurt you."
When Zhang Tingxiu heard Xing Baohua say to switch to another agency, he looked embarrassed but hurriedly said, "No need for paperwork, we'll submit, we'll submit."
"Then I demand that your company provide proof that no overseas funds have been involved?"
"Mr. Xing, you are joking. Although domestic venture capital is just starting out, individual investors' funds are limited. Without the support of overseas funds, it is difficult to make large-scale investments. I believe you are aware of this."
Xing Baohua turned to Lao Mou and said, "You know I'm banned overseas, right? If I issue a document, you'll be banned too."
"Didn't we agree that I would sell it domestically? Why are we exporting it..." Old Mou finally realized that Xing Baohua meant to sell it domestically first and then export it.
If a mobile phone is supported by rice technology, it will be difficult to export it to Europe and the United States.
Then he turned to Zhang Tingxiu and the others and said, "I'm sorry! I need to discuss your investment with President Xing."
In other words, Lao Mou no longer dared to accept the other party's investment; it was a trap!
They're venture capitalists; they can sell their shares later. They'll make their money and leave. Once Lao Mou's phone sells well, that document will restrict him from making money overseas!
They were hiding their malicious intentions from the very beginning! No venture capitalist is a good person.
"President Mou, President Xing, it's a misunderstanding, a misunderstanding," Zhang Tingxiu hurriedly explained.
Xing Baohua ignored the explanation, making an excuse that he was very busy and had a meeting to attend later. He asked Xie Yingying to see the group off.
Old Mou also came out, but Zhang Tingxiu kept explaining to him that their company now believed in the rice and strongly supported Old Mou's electronics business.
Now there are no conditions; just let them vote.
When you're trying to fool investors, they're the boss; whatever they say goes.
When your project truly shows promise for making money, investors will beg you to let them invest. If you're lucky, they might even play a bet with you, hoping to get more shares.
Look at Mengniu's betting agreement, look at JD.com's betting agreement.
Even though you won the gamble, the capital has still bleed you dry. How did they bleed you dry? They only really started bleeding you dry after they encouraged you to go public.
Lao Mou said he could go public, no matter where he went public. Once the capital saw hope, they would start attacking him relentlessly.
Previously, venture capitalists didn't believe Lao Mou's claims based on photos and insisted on seeing the real situation. Now they have seen it: Xing Baohua's suggestion to switch to another firm led to Xinfeng Investment's impending exit.
How can we not be anxious?
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