Blackstone Code
1516 Burning money
"Mr. Lynch...do you have anything you need us to explain?"
Little Fox, who presided over the meeting, asked Lynch thoughtfully. After getting a negative answer from Lynch, he started to move on to the next step.
It wasn’t until around six o’clock in the evening that everything was finalized.
Fox Studios will spend about 100 million yuan to build Fox Studios.
After it is completed, it will usually be used as a landscape for tourists to visit for a fee. If anyone wants to shoot a large-scale production, they can also rent it in their city.
Rent, or box office splitting, they all accept it!
In an era that lacked special effects production, framing was almost the most important aspect of any movie.
Proper framing of the scene can save a lot of trouble. Why are studio movies so popular now?
Isn’t it because people have a hard time finding the right scene?
Many movies are "detailed". They will not shoot those magnificent scenes and shoot some close-up shots as much as possible to save costs and avoid problems with the composition of the picture.
All in all, all shareholders were very satisfied with this financing. This information was revealed before the meeting was completed.
Some evaluation agencies have given Fox Film a red mark of "recommended overweight"...
As Lynch predicted before the meeting, his stake was reduced to 12 percent, down from 15 percent.
If the amount of money coming in was not enough, maybe they planned to dilute his equity to less than ten percent.
Lynch is not angry about this. It is all normal capital methods and operations. Furthermore, he is also one of the beneficiaries of this financing and the subsequent rise in stock prices.
During the dinner, Lynch found Foxx Jr. and talked to him about his intention to leave the show.
Little Fox was surprised and even shocked after hearing this!
"Is it because of... this financing?", he asked, "If so, I must apologize to you, and I can transfer my shares to you unconditionally..."
He seemed to want to try his best to compensate Lynch, but these words were always just words.
No one would take it seriously, not even Lynch...
Even if he agreed straight away, would Little Fox do that?
He won't either, he will always find a way to deal with it, but when the time comes, he will be so troubled that he can't even be friends because of his casual agreement.
Lynch found an excuse, "It's my own fault. You know I organized an awards ceremony last year with those from the academy. As the chairman, if I was involved in the operation of the production company, some people would definitely have objections to it." Opinion."
"But I don't want to transfer these stocks to anyone else. Maybe you would be willing to hold it?"
At this moment, Fox was a little excited. He currently holds only 9.0% of the shares. If Lynch's 12% can be added, he can hold a total of 20% of the shares. .
The power converted from these shares can give him more confidence in the board of directors' decisions, but... he doesn't have that much money in his hands.
He had to spare at least 10 million to buy Lynch's shares, but he had no money.
I saw little Fox’s hesitation, hesitation and the sense of urgency that he had hidden.
If he cannot buy these shares, these shares that originally belonged to his side will become supporters of other positions, and his power on the board of directors will be further weakened.
The reason why he speaks so loudly now is that Lynch is supporting him behind his back, or everyone on the board of directors knows that Lynch supports him.
Once Lynch leaves, these shares will not be in his hands...
Little Fox fell silent.
Lynch stood next to him holding a glass of wine, waiting for him to think. For several minutes, he kept frowning.
Lynch took a sip of the wine in his glass and said softly, "You seem to be in some trouble?"
Little Fox was stunned for a moment, hesitated for two seconds, and then nodded, "I don't have enough money..."
He didn't finish his sentence or continue, but Lynch filled it in for him.
"...but you want the shares in my hands, right?"
Little Fox nodded. He didn't want to admit it, but he had to admit it.
"It's not difficult. You can borrow some money from someone to buy the shares from me and use these shares as collateral."
"So you get what you want, and I get rid of these stocks. It's not long before I leave for the awards, and I can't wait too long."
"If you don't know who to talk to at the moment..." Lynch picked up the wine glass, drank the last bit of wine in one gulp, and placed the glass on the tray in the hand of a passing waiter.
He faced Little Fox with a smile, "For example, I can lend you money..."
"You use these stocks as collateral to borrow money from me to buy these shares, and I will calculate it for you based on normal bank loan interest rates."
"This way it belongs to you from now on, and I am not in a hurry with this money. You can pay it back slowly."
"If you go to a bank or other people, we don't talk about interest rates. They will make things difficult for you just by asking for a mortgage. We all understand this!"
Yes, Foxx knew very well that the initial cooperation between his father and son and Lynch was just such a trick.
If he wanted to get a loan from the bank, he would have to put up at least more than 20 million yuan in collateral before the bank would grant him a loan of 10 million yuan, which was obviously not cost-effective.
Borrowing money from Lynch has obviously become the best choice.
Coupled with the long-term cooperative relationship between the two parties, Fox finally agreed.
Half an hour later, under the witness of their respective legal teams, the two parties signed a very peculiar loan contract.
Lynch loaned Fox Jr. 13.5 million at a time to purchase 12% of Lynch's shares in Fox Pictures. Every year, he needed to pay Lynch 9.3% as interest. This is also the current Commonwealth Bank lending rate.
If it is less than one year, it will be calculated as one year.
Of course, as a good friend, Lynch also gave Fox Jr. certain preferential treatment during the loan.
For example, if he is not given a forced end time, he can keep borrowing, but he has to pay interest.
As long as he pays the interest for one year, he can continue to use the loan until the next interest settlement cycle.
If he can't pay the interest accrued for one year, it doesn't matter. Lynch will allow him to owe it for one year, but the interest will continue to increase at a rate of one thousandth per day until the next cycle.
These are only from Lynch's side. If Fox becomes rich next year, he can pay off the principal and interest in one lump sum, and then the naturally pledged shares will be completely owned by him.
After reading it, the lawyers of both parties said there were no problems. After signing, the contract came into effect.
Although little Fox always felt that something was not quite right, he couldn't tell what was wrong, so he could only regard these as his own random thoughts.
For Lynch, he lent money to Little Fox to buy his own stocks. Even if he paid back the money immediately, the business was not a loss, at least he made a profit of close to 10%.
If it takes a few years...
I hope that Fox Pictures’ financial revenue will be normal. Lynch silently blessed Fox Jr. and Fox Pictures.
Lynch didn't attend the later dance, and wouldn't have even planned to come if the contract didn't require his presence.
A night of silence.
The next morning, after rejecting Little Fox's invitation, Lynch took the train back to Bupen.
During his stay in Laltimore, Mr. Trueman had returned to Bupen, and the countdown to the general election had officially begun.
Even the train back to Bupain was covered with various campaign posters and slogans.
I have to say that Mr. Trueman is still very photogenic. When he stands in front of the national flag wearing a military uniform without military rank, it gives people a feeling that has never been seen before!
Federal politicians always present themselves in a very respectable manner. In the federation, the so-called bottom-level presidents are not entirely “bottom-level” in the true sense.
Those dentists, teachers, cobblers...
Can these people and these jobs be considered the real bottom class?
Obviously not. The worst among these people can also be said to be middle-class families.
This makes them always have some... indescribable feelings in their demeanor and momentum.
Gentleness and generosity are enough, but there is a lot less strength, and it is not close enough to people's lives.
Not everyone is a dentist, teacher, or cobbler, but there are millions of families with military personnel who have served!
If anyone can truly represent the bottom, then Mr. Trueman may be closer to this term.
Coupled with his heroic appearance, he is also the most outstanding among all the candidates' promotional posters!
After returning to Bupen, Lynch also joined the work of the campaign office. In fact, it is not necessarily difficult to say how difficult this job is.
The hard work is done by politicians, and their face is more useful than Lynch's, and what Lynch has to do is burn money like crazy!
People who have not been involved in this process will never know how hard the campaign burns money. Every morning, Lynch has to transfer money to the designated accounts of various local social services bureaus in swing states.
Because Mr. Trueman's poster wanted to be seen in a wider area, it was posted in places where it was not allowed to be posted, and fines had to be paid for it.
Even if it is done successfully, the counter-expenses will range from several thousand to tens of thousands per day, just because the fines for posting illegal posters will be hundreds of thousands or even millions per day!
In addition, buying various advertising time on TV stations to play campaign ads, organizing students or workers to attend campaign gatherings, any of these things cost money!
The money in the bank account will be reduced by a lot every day. If Lynch and the military-industrial complex had not laid a solid foundation for it, it might not have been able to reach the end, and it would have stopped because of lack of money.
However, these crazy spendings are also effective. In the new round of polls in swing states, Mr. Trueman's approval rating has risen to second place, and there is not much gap with the first place!
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