Chapter 124 Hurry up

Chapter 124 Hurry up

Chapter 124 Hurry up
Fengfan MP4 was a little bit popular, but not a huge success yet.

Since there is market demand, it is only a matter of time before a hit product is created, but this requires more enthusiastic publicity.

There are many young people who frequently surf the Internet, but not many young people frequently visit forums. Most people go online just to play games.

Even among those who can browse the web, most of them visit small websites.

Promotional expenses such as TV advertising, which require heavy investment, are necessary expenses, otherwise others will preempt you.

The cost of making MP4 is not high. Except for the imported processors which need to be dealt with one-to-one, the remaining spare parts can be delivered late.

Calculated in this way, labor costs are actually the highest.

But Xu Mingyuan had no intention of touching the salary. He was already working in two shifts and was extremely busy, so he had to cut the salary. Even if he wanted to do so, other managers would try their best to stop him.

Moreover, compared with the publicity and promotion expenses, the money earned from salary cuts is simply a drop in the bucket.

Xu Mingyuan had less than a quarter of his money left on hand. All his money was transferred to the account of Sailing Technology in batches, and the rest was placed in the stock market to earn interest rate spreads.

This money can support a round of publicity expenses, but Xu Mingyuan does not intend to do so.

Not to mention that a rapid sell-off could easily lead to a plunge in prices, Xu Mingyuan also did not plan to invest all his money in Fengfan MP4.

If you can't get a loan from the bank, there is only one way left.

Financing.

This is the easiest and fastest way to make money.

The capital market is foresighted. Once it smells something, it will naturally come to you.

Yao Jianhui also hinted that Sailing Technology is considering raising funds, but is not in a hurry at the moment.

Sailboat Technology is waiting for a good price, and these people also know that it is waiting for a good price. It just depends on who can wait first.

It is obvious that Xu Mingyuan is the one who cannot wait.

After hearing that Sailing Technology was considering raising funds, previous creditors came knocking, intending to exchange debt for shares.

But Xu Mingyuan refused without a second thought and asked Yao Jianhui to handle it himself. He would not even meet these people.

The contract has been signed, what are you still thinking about now?

Of course, there is no problem in raising funds, and Xu Mingyuan is very welcome, provided that you put the debt aside first and then invest some money.

This inhumane practice naturally aroused the anger of creditors.

But Xu Mingyuan has also made it known that if anyone tries to make things difficult for him, he will quit. He would rather take away all of Sailboat Technology than let you not get the money you are owed!
Now the creditors were all shocked. They did this just to get more benefits, or to get equity at a low price, purely for profit.

Are you going to overturn the table as soon as you come up?
At least you should discuss it in private first. Why don't you play by the rules, young man?
Xu Mingyuan was unexpected when he first took over the company.

Then this time he threatened to set up another company and said he would drain Fengfan Technology into a hollow shell.

This is the advantage of being young and energetic. For a moment, no one dared to move, for fear that this guy would lose his temper and drag everyone else into an explosion.

In the end, they had no choice but to send someone to the company to sit there all day.

One of the creditors was more easy to talk to and agreed with Xu Mingyuan's approach, but wanted to enter the game as a manufacturer and obtain the authorization for Fengfan MP4.

Although the commission was relatively low, Xu Mingyuan saw that he was one of the largest creditors, so he agreed to let him get a share of the profits two months later when the product became popular.

Since all the major creditors had left, the remaining people naturally would not do anything excessive, and they got through the crisis calmly.

Financing is definitely necessary, but it must be raised one by one. After all, the capital market depends on expectations, and it is impossible to give Xu Mingyuan a satisfactory number right away.

What we need to do now is to see who offers the highest price. Time waits for no one, so we need to quickly spend the money on publicity and promotion.

When Tao Changming learned that Xu Mingyuan was anxious to raise funds, he also thought about contributing money.

But he didn't have much money, so he wanted to enter the market as a group of investors, and he specifically called on Tang Lin's father Tang Xinghua.

Although it is a bit troublesome to eat someone else's daughter, Xu Mingyuan doesn't mind.

However, the price offered by Tao Changming was too low, and Xu Mingyuan did not give him any room for negotiation.

The meal was not a pleasant one. Tao Changming did not want his equity to be diluted. In the end, he wanted to postpone the financing for a period of time as the second largest shareholder and hold a meeting to discuss it.

What is there to discuss with just a few small shareholders? Xu Mingyuan has already achieved complete controlling stake.

But he still became cautious and checked the equity structure.

As expected, it changed.

The few people who had contributed in the beginning had already cashed out and left, and the remaining shares were transferred to a shell company. They traced back two companies and did not investigate further because they had already found the name of the company that signed the contract with Tao Changming.

I looked at the time of the equity change, and it was probably during the period when Fengfan MP4 first tested the market elasticity.

Xu Mingyuan didn't expect Tao Changming to pay attention to this matter. After all, his chemical equity was very complicated and was still in the stage of secretly competing. Twenty points of equity had some say, but it was useless in front of Xu Mingyuan. He didn't even notify Tao Changming and directly raised eight points of equity to enter the market.

Now Tao Changming's shareholding is less than 16 points, and it will continue to decrease.

He currently has only one choice, which is to wait for his shares to continue to be diluted.

It would be stupid to sell existing shares and run away with the money. Xu Mingyuan knew that Tao Changming would not do that.

……

buzzing...

The phone vibrated. It was an unfamiliar number.

Thanks to Tao Shuxin's promotion, Xu Mingyuan now has two mobile phones. The new one is used to handle company affairs, and the old one is used as a personal phone.

Generally, harassing calls will only be made once. When it was called the second time, Xu Mingyuan answered the call.

"Hello, who is this?"

"I'm Tao Tao."

Tao Shuxin's soft voice came.

"Oh, it's Taotao. Are you changing your opening line today? Why don't you mention your full name?"

"Oh! I'm thinking about something, you are not allowed to call me Taotao!"

Tao Shuxin sounded annoyed, and it was unclear whether he was pretending.

"What's their name? Xiao Taotao, Xiao Xinxin?" Xu Mingyuan said with a smile.

"Hey~Are you disgusting? I'm getting goosebumps!"

Tao Shuxin grinned and got goosebumps all over the floor.

"Haha, you changed your phone?"

Xu Mingyuan could hear the sound of someone rubbing his arm through the receiver, so he asked with a smile.

"Yeah, I finally changed it, and it's the latest slider phone."

Tao Shuxin was a little proud and showed off to him.

"Haha, congratulations. It's just that sliding phones are easy to break. You have to use them carefully and don't drop them." Xu Mingyuan said with a smile.

"You crow mouth, I will definitely not fall!"

Tao Shuxin had just bought the mobile phone and the novelty had not yet worn off. She was very dissatisfied with Xu Mingyuan's answer.

"You should have returned to Nanxi. Are you calling me because you changed your phone?" Xu Mingyuan asked.

"Yes, I forgot to ask." Tao Shuxin slapped his head and frowned, "How did you offend my dad? I heard him scold you."

"Damn, what did he scold me for? Just wait, I'm going to call and scold him back!" Xu Mingyuan's voice sank.

"You want to die! I didn't scold you! Please don't hit me!" Tao Shuxin was shocked, fearing that Xu Mingyuan would really scold her father, so she quickly said, "I heard him mention you, but he didn't say anything. He was just angry just now."

"It's okay, they're just some small things in the company." Xu Mingyuan said with a smile.

"Hey, you said... there won't be any bad effects, right?"

Tao Shuxin asked guiltily.

"No, it has nothing to do with us." Xu Mingyuan said with a smile.

Tao Changming did not mention his daughter because of this matter. He was simply talking business.

"Hey, hey, that's not what I'm asking. What are you talking about..." Tao Shuxin said.

"If not this, then what else could it be?"

Seeing that she was being stubborn again, Xu Mingyuan laughed out loud.

Hearing him laughing, Tao Shuxin didn't want to talk about it anymore and quickly changed the subject: "Come pick me up soon, I'm at Peace Square and I can't find the bus stop here."

"You can take a taxi. I'll reimburse you."

"No! Hurry up!"

Tao Shuxin hung up the phone in a panic.

beep...

(End of this chapter)