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Chapter 50 Acquisition

I looked carefully at the information of this Sky Fund Company. Its business conditions are ordinary and small in scale. It is just one of the many micro-fund companies on Wall Street.

But compared with other companies with debts that are about to go bankrupt, if they operate well, they can still survive. They have complete licenses and even the scale of funds managed by more than 80 million US dollars.

The financial industry was generally not good due to stock market crashes a few years ago, but with the fall of the polar bear, the United States became the only superpower in the world and has begun to reap wealth around the world.

It can be said that it is at the turning point of the US financial industry, and many people in the industry can see that, so unless they really can't continue to operate, they will not take over their own company.

There are many fund companies on Wall Street, especially many that meet Locke's conditions. The information given to Locke by the salesperson Mr. Robert has been screened out many times. When he saw Locke ask a question, he said:

"This company is really good, and it was also well run in the past few years. Founder Andrew also worked as a professor of finance at Columbia University.

Later, Mr. Andrew resigned and founded Sky Fund Company. The market was good at that time and he made a lot of money. However, after encountering a stock market crash, Mr. Andrew managed a large amount of money lost.

That's all, after all, the money lost by the fund is not his own, and he still earns millions of dollars.

But Mr Andrew's new wife and son love spending money very much, especially last year when his son was involved in a murder case.

In order to help his son escape from his crime and pay a huge amount of bail, Mr. Andrew spent a lot of money. At this time, his third model wife had to divorce him, and he also divided a lot of money.

"OK, I think I understand."

Mr. Andrew looked in his fifties and dressed meticulously, but he could still see the unhidden fatigue. It was the family situation that made him tired.

With Locke's permission, Mr. Robert contacted Sky Fund Company. Locke stayed in his office and chatted for twenty minutes before leaving and headed to the building where Sky Fund Company is located.

As a boss, you may not need to manage specific matters in person, but if you cannot understand the financial report, cannot understand the company's situation, or find problems, the final result will definitely be a sucker.

The rest belongs to the same investor, and his funds are only half a year away from liquidation, especially since last year, the company has hardly attracted a dollar investment.

After hearing Locke's words, the salesman Robert maintained a professional smile and was respectful. He could not tell at all that he was one of the people Locke said he wanted to fool him.

Mr. Robert, a salesman, agreed with Locke's words, but he thought in his heart that he was another rich child with a higher heart.

We can call Mr. Andrew now, and by the time of last week his asking price had dropped to a million dollars.”

Obviously, after the family had major problems, Mr. Andrew did not have the time and energy to run his own company seriously, which also accelerated the decline of the company.

I just contacted and confirmed that the office rented by the company will expire in three months, and the building is less than ten minutes away, so why not take a look here.

"Maybe we can go and talk to Mr. Andrew in the afternoon. Believe me, a million is definitely not his bottom line."

The seven million dollars in the account now, of which more than four million are about to be liquidated, will be transferred to the investors' accounts.

"But they still owe $100,000 in employees' wages, and if I'm not satisfied with them, I need to spend another sum to fire them."

"Indeed, it is not easy to run a fund company that has lost its credibility in the eyes of investors." Locke responded casually as he looked at the information.

During the entire conversation, Tang Weishi sat beside him drinking black tea, listening patiently, as if he wanted to learn something from it.

In addition, Mr. Andrew himself holds a portion of Time Warner's shares through the fund, which is currently worth about $700,000."

The company does meet Locke's requirements. It's not a large scale, but it is relatively complete. It is not a pheasant company with only one or two people.

Before this, Locke had a lot of contact with financial information. Just take a look at these financial reports and you can quickly find out whether there is any problem.

After the two sides said hello, Robert took the initiative to show up with Andrew to bargain.

"Well, this may seem like a matter of more than a hundred thousand dollars, but I don't want to be regarded as a sucker." Locke said:

"You know, seeing my age, guys on Wall Street will think that this guy seems to be very good at cheating."

"This company is really good, with little debt, employees, licenses, office space and other things still available, and it will be able to operate normally after completing the procedures.

Robert explained: "It is true, but it also includes office supplies, such as computers, desks, printers, and office leases.

With such a ready-made framework, Locke can integrate the company at a faster speed, and this ready-made platform will save him a lot of time.

The content is nothing more than office desks. Assets such as computers are not valuable at all. If the lease of office space is also wasted, it will shrink over time, and the wages owed by employees.

After reading all the information of this company, Locke shook his head and sighed:

"What a pity. If you can continue to hold on for a while and get new funds, you will still have hope of a comeback. Obviously, Mr. Andrew doesn't have the intention or energy anymore."

After a closer look at the financial report of Sky Fund, after the stock market crash several years ago, major customers began to withdraw their investments. After many runs, Mr. Andrew barely left more than 20 million US dollars.

Locke nodded. Mr. Andrew obviously worsened his financial situation because of family problems, which is not rare in the United States.

But the situation has not improved in the next few years, and it is becoming increasingly difficult to find people who are willing to invest, and more and more investors choose to withdraw their investment after the investment expires.

After reading the information, Locke did not make a decision immediately, but began to pick and choose: "Is the number of one million dollars higher? The information says that the company's account is less than two thousand dollars left."

It can be said that this Sky Fund company is about to end its end. More than 700 US dollars of funds belong to investors. It has no money anymore. Fortunately, it has no debts, and only about 100,000 US dollars of employees’ wages are not paid.

There are many such people who are ignorant of the world every year, and almost everyone has to go home in shame and endure the "pain" of "inheriting" the family property.

The Sky Fund Company's office space is not large, all of which are about 150 square meters. Mr. Andrew and the company's employees are waiting here.

Mr. Andrew had to deal with most of his assets. Now, except for the house he lived in, he only has this company, but he still has various expenses to pay..."

Finally, he stated that, including stocks, he could only give a quotation of 850,000 US dollars, and Mr. Andrew also had to cooperate with the transfer and handover procedures.

Perhaps he was eager to transfer the company, but after a simple bargaining, Mr. Andrew agreed to the price.

The acquisition price is paid in three times, the first period is 100,000 yuan, and then 200,000 yuan will be paid after the transfer. The remaining 550,000 yuan will not be received one month after the company's transfer.

Taking advantage of this time, it is necessary to pass the audit of the accounting company to ensure that the company does not have any liabilities outside the information provided by Andrew.

(End of this chapter)