Chapter 410

"Have you ever heard of the American priority foundation?" at the beginning of the meeting, people were curious about the sudden emergence of the American priority foundation.

In particular, as a member of Wall Street, several large funds said they had not even heard of the American priority foundation. It seems to pop up suddenly, making people feel like a fake.

"We don't have to worry about this problem!" Owen Jacob, chairman of Qualcomm, said angrily when he saw that these people had been struggling for a long time and hadn't talked about the subject "No matter where the foundation is sacred, but I like its name very much. American priority proves that it is a very patriotic foundation. I am willing to believe in such a foundation. And gentlemen, whether the foundation is true or false, it is not enough as long as their money can reach the account?"

Yes! As long as the money can arrive, what the hell is the American priority foundation!

The directors here quickly reached an agreement, and then began the next topic.

Whether to sell, how much to sell, and what price to sell.

"I think it can be sold!" Owen Jacob, as the chairman, took the lead in expressing his opinion. "Now is the most critical moment for Qualcomm. Only when CDMA is successful can the group move forward, otherwise everything will collapse. However, our capital is seriously insufficient, and we must be invested and supplemented by foreign capital!"

"Therefore, I suggest that we issue some additional shares to the foundation in exchange for sufficient funds for the next development of the group!" Owen Jacob expressed his views in a clear attitude.

Owen Jacob is the chairman and founder of Qualcomm. In his eyes, nothing is more important than the development of Qualcomm. Therefore, he needs a lot of funds to support the development of Qualcomm.

Moreover, Owen Jacobs still holds 15% of Qualcomm's shares at this time, which is the largest among all shareholders of Qualcomm. If the shares are sold in the form of additional issuance, Owen Jacobs will always be able to maintain his share advantage, so Owen Jacobs immediately agreed.

"Yes!"

"We agree too!" several other scientists and shareholders who founded Qualcomm together with Owen Jacobs also agreed.

However, the foundation had different opinions. Ogan Jackson, the representative of CPC investment fund, stood up and said, "you guys, we also think selling is a good idea, but why do you want to issue additional shares? If you issue additional shares, you need to go through complex approval procedures. When everything is done, the cauliflower will be cold!"

"So I suggest we just transfer some shares to the foundation. Isn't it fast and convenient!" Ogan Jackson said.

"What transfer? I think you just want to make money!" Owen Jacob was angry. "This investment can only be used in the development of the company. No one wants to leave with money!"

Of course, Owen Jacobs will not be deceived by the mouths of these fund companies. These fund companies undoubtedly see that Qualcomm's development is in crisis and bottleneck, so they have the intention to withdraw and leave, and timely exchange their shares of Qualcomm for cash.

Therefore, such investment has no meaning for Qualcomm itself.

"We are investors, not philanthropists!" Ogan Jackson retorted, and the two sides were about to quarrel.

"Everybody, calm down!" at the critical moment, sun Zhengyi came out and said, "I know what you mean. He is also considering their own interests. There is no problem in itself. We can just take what we need!"

"How can each take what he needs?" several people looked at Sun Zhengyi and asked with a frown.

"We can both issue additional shares and sell shares!" Sun Zhengyi smiled. "We can first discuss an additional issuance plan, how many shares to issue and how much funds to obtain for the operation of the company, and then negotiate with each other to get the funds for the development of the company."

"Next, we'll decide to sell shares, but there's no need to discuss this. How much we are willing to sell is our own business. We just need to set a unified selling price. What do you think?"

Sun Zhengyi's words really took into account the interests of both sides, so there was a dispute just now, and both sides nodded and agreed.

So, it was decided to sell the shares, and then how to sell them.

"I suggest that we can issue additional shares worth US $50 million!" Owen Jacob took the lead in saying.

Now Qualcomm's share price is about $250 million.

An additional $50 million of shares is almost an additional 20% of the shares.

For example, if the total shares of the company were 10000 shares, then an additional 2000 shares would be issued. If all these shares were sold to the other party, we could obtain an income equivalent to 20% of the total market value, that is, US $100 million.

As a result, all investors who buy shares will lose 20% of their equity.

"I have no problem!"

"Neither did I!"

This plan was quickly agreed by everyone. If Qualcomm can really get an investment of US $100 million, the whole Qualcomm will survive and can continue to support R & D for a long time. In addition, Qualcomm's share price will rise sharply under the condition of good news. Everyone has benefits, which is really beautiful.

Next, we will discuss the situation of selling stocks.

According to sun Zhengyi's suggestion, all shareholders unite to discuss a unified price, so that everyone can compare prices with each other and lose money.

"I suggest that if you want to sell shares, you should sell them at a premium of more than 50% according to the stock price at that time!" Sun Zhengyi took the lead in saying that the premium is 50%, which means that if the stock price on the stock market on that day is $100, you should sell your shares at a price of $150 a share.

50%？ So high!

People looked at son Zhengyi in disbelief. Now that Qualcomm is like this, who would be willing to buy Qualcomm's shares at a premium of 50%?

"Don't worry, he will buy it!" Sun Zhengyi said confidently. "Since the foundation has sent a purchase letter to all of us, it proves that he has a great appetite. Otherwise, as long as you contact any of US privately, you can buy some shares. Why tell all of us about it."

"So I think that the American priority foundation, I'm afraid they want to buy no less than 30% of the shares. None of us can meet this requirement, so he will send a purchase letter to everyone, hoping to buy a large number of shares!" Sun Zhengyi said.

"Then, he will do whatever it takes to get our shares!"

"30%! He has such a big appetite!!" Owen Jacob's face suddenly changed. He only has 15% shares. If there is one more major shareholder with 30% shares, is he still the chairman?

"Don't worry, as long as we stick together, we will have 55% of the shares, and the foundation can't control it! At the same time, we can let him sign an agreement, and his shares will only invest and never interfere with the normal operation and development of the company!" Sun Zhengyi's words slightly comforted Owen Jacob, and finally the board of directors agreed so happily.