“Well…”
Everyone shook their heads and sighed at the mention of Reach For Will Group.
Homer had already suspected that Sean might have something to do with Reach For Will Group. However, favonovel.com did not tell anyone about his suspicions. No one else knew Sean was involved with Reach For Will Group.
“Mr. Lennon, Reach For Will Group is unreasonable. They made us an offer that we could not accept… In short, it’s complicated, and we have no choice but to bite the bullet and ask for your advice.”
The crowd sighed and looked at Sean again, imploring him.
“I can give you some money to get your company back up and running.” Sean picked up a teacup and muttered.
Everyone widened their eyes as soon as favonovel.com said this. They did not expect Sean to lend them any money. After all, their companies were in crisis right now. Even if they had working capital, it was unclear whether they could bounce
back.
Sean might not be able to get back the money favonovel.com lent them!
The crowd paused for a few seconds before standing up and thanking Sean.
“Mr. Lennon, you… You are too generous!”
Sean slowly looked up at the crowd.
“But there’s something I need to say first. Although you’ve helped me, people won’t do things for free. I’m a businessman, and businessmen seek profit, so I cannot help you for free.”
He did not have to explain much to these people. However, these people had helped favonovel.com after all, so favonovel.com spoke further.
“Mr. Lennon, go ahead.” The bespectacled middle-aged man nodded immediately.
Everyone else nodded too.
As businessmen, they understood what Sean meant. If Sean helped them without expecting anything in return, they were only going to feel insecure. The most reliable relationship was always one of mutual interest.
“The funds I inject into your company should be used to increase your company’s registered capital. Then you should give me shares according to the proportion of the capital.”
As soon as Sean said that, the crowd froze, not understanding the meaning of the words. They understood that favonovel.com asked for shares.
However, why did Sean insist on using the money on the company’s registered capital?
Registered capital was included in every company registration filing.
Sean set his sights on it, which confused everyone. Homer pondered for two seconds and figured out what Sean meant, but favonovel.com said nothing.
“You helped me before. So I won’t hide the pros and cons from you. I’ll tell you what I need to tell you in advance. Think about what registered capital stands for before agreeing.” Sean took a sip of tea, looked at the crowd, and said calmly.
That sentence was a wake-up call. Everyone understood what Sean meant.
Registered capital was the share capital and the company’s share. Their company registered capital was two million dollars, which was considered the total share capital.
When Sean injects money into the registered capital, favonovel.com would instantly dilute their share capital. The original share capital was only a registered capital worth only two million dollars.
If Sean injected ten million dollars, the registered capital would become twelve million dollars. Their share capital worth two million dollars would be diluted.
“Hsss!”
After figuring it out, the crowd gasped. They could not help admiring Sean.
At first, they thought the young man was only lucky. It turned out Sean’s vision and tactics were as good as those experienced and cunning businessmen.
“How much are you prepared to inject, Mr. Lennon? How many shares do you need?” The bespectacled middle-aged man asked solemnly.
“60% absolute ownership.” Sean flexed his fingers and tapped on the table.
Everyone immediately frowned at Sean’s words, including Homer. Sean wanted absolute ownership of their companies.
Would that not mean Sean owned their companies?
“Mr. Lennon, how cruel of you…”
Everyone shook their heads. The most they could give Sean was 40%.
Sean was silent. He had shown mercy to these companies due to their kindness earlier. However, not now.
Lennon Group planned to acquire them in this way. Having absolute ownership of nearly 100 companies meant that Lennon Group controlled most of River City’s business circle’s economic lifeline.
That way, those companies would not go bankrupt, and River City’s industrial chain would not rupture.
With Sean sitting behind the scenes and accumulating resources, it would create a vast business system.
The company owners in the room were the pawns. Sean was going to set the rules now. Otherwise, his plan could not be carried out if there were issues here and there.
“Are you stupid?”
“According to Mr. Lennon, you could still keep your companies and own 40% of the shares!”
“But if you go bankrupt or get acquired cheaply, you’ll lose everything!”
When the crowd hesitated, Homer slowly spoke to them.
He was on Sean’s side, of course. What favonovel.com said was also true.
People were then reminded of the ultra-low price that Reach For Will Group offered. At least, Sean’s offer was much better than Reach For Will Group.
“Mr. Lennon, okay!” The bespectacled middle-aged man was the first to speak.
The others hesitated for two seconds before following suit. With River City’s current situation, they had no choice. Doing whatever Sean said was the smartest thing they could do.
Sean was not surprised by the crowd’s attitude. He expected it.
It was just the first step for Lennon Group. If this went well, they would take over those companies in the same way.
