Super Spender - Chapter 352

Chapter 352: Chapter 346: Not So Easy to Get

Translator: 549690339

And what is Finn Lewis doing? Kodiak Kennedy knew exactly what Finn was doing. Put simply, it was forcefully using funds to squeeze you out. In a plain language, he was just using money to elbow you out brutally. So it dawned on Kodiak why, just before the meeting started, Finn had asked about the cash flow of Artis Electronics.

Isn’t this…He is simply using money to smother you. What are you going to do?

Finn now owns 56% of Activision Blizzard. This means that whatever Finn says becomes a board resolution, and nobody would contend this. Here comes the problem, Finn invests 30 billion Federal coins, now with his 56% share quote, Artis Electronics – with its 24% of shares – should invest 12.8 billion Federal coins accordingly. As for Vivandi, they’d need to put in 53.5 billion Federal coins, and all other shareholders should invest respectively according to their shareholding percentage.

Finn directly invests 30 billion Federal coins, which means the total investment would roughly reach around 535.7 billion Federal coins. Again, comes the question, what if you don’t have the money? Without the money, sorry for you, but as per the shareholding percentage, your investment weightage would diminish. Your shareholdings would have to be recalculated, and your holdings reduce.

As per this ratio, if Artis Electronics doesn’t pay out at all, Activision Blizzard’s market value of 17 billion Federal coins, with 24% of the share equates to 4.08 billion Federal coins. Then, after Finn’s investment of 30 billion Federal coins, the total market value of Activision Blizzard will reach around 47 billion Federal coins.

On calculation using this ratio, the shareholding percentage of Artis Electronics will reduce to 8.6%, and that of Vivandi will shrink to around 3.6%. Although Artis Electronics still remains the second-largest shareholder, its shares have been reduced to a relatively small part. Finn’s shares have already expanded to the point where Activision Blizzard is nearly becoming his wholly-owned subsidiary.

At that time, Finn can wholly transfer his shares to his relatives, or those whom he trusts, and then further reduce the voice of Artis Electronics in Activision Blizzard. Anyway, there will be ample opportunities until eventually, your shares are reduced, and you’re squeezed out of the board of directors.

Normally, to enter the board of directors, you must have more than 3% of shares, otherwise, you have no right to get in. Once squeezed out of the board of directors, the rest of the things are simple. You’ll only have the dividend rights, and you won’t get the chance to participate in any specific resolution. It will be straightforward to hide any company secrets.

However, when Finn said this, people in the room felt speechless, but they couldn’t refute him either. How could they refute it? Finn Lewis owns 56% of the shares. Basically, his words are the board resolution. As long as it’s over 50%, that’s fine. So, what can you do?

Does Artis Electronics have 12.8 billion Federal coins? The market value of Artis Electronics is only over 18 billion Federal coins. After obtaining the 24% of shares from Damian Bryan, where can Artis Electronics find 12.8 billion Federal coins? In fact, the current cash flow in the hands of Artis Electronics is even less than 1 billion Federal coins.

Larry was completely stunned. He never thought Finn would pull such a stunt. Originally, Larry came here to gloat over Activision Blizzard’s predicament. However, now it seems… it looks like he is the one being laughed at.

The atmosphere in the conference room became stiff immediately, and Kodiak almost laughed out loud. Damn, this feels too good! This is what it means to be killed by money. As competitors, Kodiak and Larry’s relationship is understandably bad. Kodiak knows what Larry came here for, but now… if it wasn’t for maintaining his own image, Kodiak would like to say, good job boss.

“If there isn’t any objection, then we will consider this as a resolution passed.” Finn said lightly.

“Well, Mr. Lewis, even though you own 56% of the company’s shares, about increasing the investment, I believe we directors should have the right to know, shouldn’t we?” Larry thought for a moment and felt a little unwilling, he couldn’t help but speak out.

“Well, I haven’t thought about the investment part yet, but I believe that the company needs to expand its investment. That’s for sure. So, let’s first get the money invested, how to spend it next could be discussed later.” Finn nodded and said earnestly, “Once the money is in place, it’s easy to do anything. As long as we have a plan, we can implement it immediately. That’s why I’ve decided to have the money placed first, rest we can discuss later.”

Freaking hell! Several people in the board felt as if they were about to spew out old blood. This is not tens of thousands, not hundreds of thousands, but 30 billion Federal coins! You get the money first, and then think about investment?!! Damn, this is too extravagant, isn’t it? Listen Mont and Carter Langley, who were just here for the spectacle, also felt a bit speechless. Damn it, your way of doing things is hurting us too, okay?

There’s no need to mention Vivandi, because if they had the money, they wouldn’t have sold Activision Blizzard. As for Carter Langley… he is just a private investment company. Investments are made to earn money, not to throw money into it. The problem is, if Finn proceeds this way, the shares of both Vivandi and Carter Langley will be severely compressed.

Carter was completely speechless. This was far too powerful. The problem is, he really didn’t know how to refute it. But even if you do refute, it doesn’t do anything. Damn it, they have just said that, and you do not have any countermeasures. This is not a violation, so you have to choose to accept it, or accept it as there’s not even an option to not accept it. Of course, you can also choose not to accept, then according to the investment share directly reduce the shares.

Many large companies, to increase their say, have used this tactic to get hold of the shares of small companies, haven’t they? Only, Finn is even more straightforward, directly wanting to squeeze them out of the board of directors. Of course, Larry also knew that this was definitely targeting him. But this move… Damn, he really didn’t have a solution.

Kodiak almost couldn’t hold back his laughter. It felt good, just great! Damn it, being rich really is capricious. Seeing Larry’s expression was as if he was constipated, Kodiak felt a joy in his heart. You deserved it for buying it; now you’ve bought it in vain, haven’t you? What’s your solution even if you own it? What’s this called? This is called having money! Being capricious! I just want this kind of investment. How about that!

If you want to retain shares, you come on!

“Has anyone got any objections? If no objections, then I will submit the relevant documents to the Securities Regulatory Commission tomorrow, and all of your funds can be transferred into the company’s account. Of course, if any of you have any objections, you can reserve them. But I will not change my opinion.” Finn said with a smile.

Listen Mont chuckled bitterly. Although this matter was not targeted at him, it was clear that he was being caught in the crossfire, wasn’t he? This was clearly being shot while lying down. But this can’t be helped. Without money, without human rights, you can’t really blame Finn for being too rich, can you?

“Well, Mr. Lewis, if you insist, I don’t think we at Artis Electronics can come up with such a huge amount of funds. Of course, according to the relevant provisions, we’ll have to redefine our shares. This is for certain, and we agree.” Larry gritted his teeth and simply agreed.