Chapter 1154 Strong Support

"What are the specific difficulties?" Feng Yiping asked, "Do they have no intention of selling their shares at all, or are they not satisfied with our conditions? Or is it that our funds are not sufficient?"

"The main problem is time. Feng, you have requirements for time, but the attitudes of the institutional shareholders we have contacted are still ambiguous. After analysis, we believe that it is difficult to convince them and let them accept our offer in the short term," said Cummings.

"Time cannot be delayed any longer," YouTube must be launched in early 2004 at best.

"How much have we absorbed from the circulation market?"

Feng Yiping had arranged for someone to do this work before Buchanan formally expressed his intention to Hastings.

"As of yesterday's close, we have absorbed a total of 2.83% of Netflix's shares," Emilia said while looking at the documents.

During the meeting, she was very professional, and her eyes looking at Feng Yiping did not carry any private goods.

"2.83%, this is not a number that satisfies me, but I can understand everyone's difficulties,"

Absorbing stocks from the circulation market is not an easy task.

First of all, of course, you should try to buy at the lowest cost, so don't buy too many stocks each time, otherwise, you will be very proud to buy a few big orders, but it will be quickly collected, but it will also raise Netflix's stock price.

You are planning to acquire it. Every time Netflix's stock price rises, your bid will be much higher. If you do this, don't you think you have money but nowhere to spend it?

At the same time, before the preparations are done, you can only do it quietly.

Listed companies have their own monitoring departments to analyze the changes in their own stocks at any time. If you don't play some tricks and use some means, you will soon be caught.

Another point is that in the United States, although you have absorbed the stocks of listed companies, when they exceed the 5% line, you don't have to force the placard like in China, but you still have to make a public announcement, which also exposes your intentions.

"I think the most important thing right now is to open a breakthrough. What do you think?"

"Yes, we think so too," said Cummins, "and we already have a good target. We think that starting with Canadian Imperial Bank of Commerce Asset Management is a good choice. They hold nearly 7% of Netflix's shares."

"Strengthen the relationship with this company," Feng Yiping said decisively, "If you think it is necessary for me to come forward, I will coordinate the time to come out at any time,"

"But it is best to go both ways at the same time. If institutional shareholders can't make a big breakthrough for a while, should we consider working with individual shareholders at the same time? Anyway, Blue Ocean 2 is about to be registered, and things will soon become clear,"

"We originally hoped to do this work after Randolph gave us a reply. Now, okay, we will start right away," said Cummins.

"Buchanan, NEXTDOOR will try to negotiate more advertisements in the near future. We are in great need of US dollars now," said Feng Yiping.

The $2 billion raised from ICBC was not enough to begin with, and the acquisition of Coin Star cost nearly $500 million. Now, after collecting all the funds in his hands, plus the remaining loan amount, he only has a little over $2 billion. If it is an agreement acquisition, it is about the same, but if it is a takeover bid, it is really a bit stretched.

NEXTDOOR is not listed, so it is difficult to value. Besides, he still hopes to use cash directly and does not want to sell NEXTDOR shares at this time.

As for the cash flow of Coin Star, it is very good, but he can't transfer the funds there, and he dare not transfer them. That is the assets of a listed company. It is not easy to embezzle in China, let alone in the United States where supervision and laws are more perfect.

"This is not a problem," Buchanan said, "There are too many people who want to advertise on NEXTDOOR,"

"Feng, I have an idea. Maybe we don't have to pay for the acquisition of the shares of the Canadian Imperial Bank," Cummins said.

"Do you mean to raise funds from them?" Feng Yiping understood immediately, "Yes, the conditions can be more relaxed,"

If the 7% does not use his own funds, it will be a lot more generous.

At this time, a staff member came in and whispered something in Cummins' ear. He was surprised at first, then immediately became happy, "Feng, it's Randolph, he wants to see us as soon as possible,"

"What a coincidence?" More than one person thought so.

…………

"Randolph, what's wrong with you?" At the door of the office, Feng Yiping was surprised to see that Randolph had a bandage on his head.

Cummins, who came up with him, shook his head and said he didn't know the reason.

"I hit it with my car," Randolph shook his head, "Feng, I'm sorry for being so presumptuous,"

"No, please come in,"

The tea set that he used to act so arrogantly in front of Hastings last time has not been removed, Feng Yiping just picked it up again, "Have a cup of tea first,"

"Thank you," Randolph drank the hot tea in three or two gulps, "Feng, I completely agree with your proposal and welcome your acquisition of Netflix. What stage have you reached now? From now on, I can assist you and serve on the company's board of directors,"

"Randolph, what does Hastings think of you doing this?" Feng Yiping still asked, "Don't mind, I don't have any other intentions, I just think that you two are very compatible and agree on many issues,"

"Hastings, haha," Randolph shook his head and smiled bitterly, "I guess you will get the news soon, and I will not hide it from you. Just now, I drove into Hastings' car in the company parking lot. Che, and a man named Wilson who he hired to replace me."

He raised two fingers and said, "Two Porsches, haha!"

"In just a few minutes, I crashed two Porsches, haha,"

"How could this happen?" Feng Yiping and Cummings asked in unison.

A few minutes later, after listening to Randolph roughly explain the whole story, Feng Yiping walked around the office with his hands folded, "This Hastings, really, why is it like this?"

"I'm so sorry Randolph, I didn't know I was causing you so much trouble," he said.

"No Feng, this has nothing to do with you. I believe that everything I do is for the development of the company. I did nothing wrong. Hastings..." Randolph sighed.

"Feng, how far are you in your work? If I start working on the board of directors at this time, will it cause you trouble?"

It seems that Hastings has really broken his heart, and he is now so eager to contribute to the acquisition.

"I am more than 50% sure that I can convince the board of directors to accept your agreement,"

Cummins immediately lit up.

"No, Randolph," Feng Yiping sat down, "I understand your mood very well. To be honest, we very much hope that it can be an agreement to acquire, and we very much need your help, but I don't want these things to affect us anymore. Your relationship with Hastings,"

"In this society, it is really rare to have such a friend. We need to cherish it,"

In this world, a man should not only have a wife who knows both cold and hot feelings, but also a brother who has the same interests as you. Otherwise, your life will also be somewhat incomplete.

"It doesn't matter now whether it affects or not," Randolph still shook his head. "Perhaps, I have always had a wrong understanding of the relationship between Hastings and me. We are just working partners. Overnight ah,"

"It's not like that, it's not like that," Feng Yiping said, "You made such a decision all for the sake of work."

"However, I now think more and more that you are right. Hastings has tied the company too tightly to himself. When he makes some decisions, his primary consideration is not the development of the company. "

"I think my opinion is the best for the company, don't you think so?"

"Of course it is, but Randolph, don't you want to go home and rest? This is a big deal. How about you go home and think about it first before making a decision?" Feng Yiping said.

For such a thing, he first needs to find out the whole story. Then, the subsequent cooperation with Randolph will be long-term, and he does not want to appear too utilitarian.

Especially in his current state.

"I'm sorry," Cummins stood up and went to the side to answer a phone call.

"I'm sober now," Randolph said.

"The repair company just sent a car to take away three of your cars," Cummins came over and said more, of course, for Feng Yiping.

Naturally, we need to verify things like this.

"Haha, I originally thought that Hastings would call the police," Randolph said. "Feng, I really don't have to think about it anymore. In fact, I should have done this, but you know, I still can't make up my mind. Now , Hastings helped me make up my mind,"

"Please believe me, I am really confident that I can convince the board of directors,"

"In that case, we first thank you for your help. Thank you Randolph, you are our strong support." Feng Yiping held his hand, "But you must go home and rest today. Cummins, you drive Randolph go home,"

In fact, what Feng Yiping is most grateful for at this time is Hastings.

Thank you Hastings, what you do is such a help!

ps: I still require tickets. Monthly tickets are recommended for weekends at the end of the month. Every ticket is a great encouragement to me. Thank you!