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Chapter 36 Freshwater Fund

"This is a relatively good company. It used to manage more than $70 million in assets. The founder Mr. Steven, the former professor of finance at Columbia University. Later, he resigned and went to Wall Street to make a fortune. He happened to encounter the rise of the Internet industry and made a lot of money.

Later, he had a heavy position in SUN and American Online, so... he was a kind of person with a conscience. He felt sorry for investors. After two months of hard work, he jumped off the Brooklyn Bridge. The body was found nine days later. In fact, there were many fund companies that caused investors to suffer heavy losses, and there were only a few people who jumped off the building, which was much better than before."

Tamsui Fund Company is a private product that Mr. Robertson gave to Ye Dongqing. Last month, the founder committed suicide. The small fund management company fell into a situation of bankruptcy and was waiting for liquidation and settlement.

SUN (Sun Microelectronics Company) went bankrupt, and American Online Company did not survive the cold winter.

Last year, in 2001, AOL just merged with Time Warner Group, and its market value plummeted by hundreds of billions of dollars in a few months, killing a group of Time Warner Group investors and causing the CEO (CEO) to step down in shame.

There are many unlucky investors like Mr. Steven. A large group of fund companies with heavy holdings in the Internet industry were collectively strangled by the Internet bubble collapse wave some time ago. If you are lucky, you can still have some money left. If you are lucky, you will clear your position and go bankrupt. Even if you lose one-quarter of your principal, it can be considered a relatively beautiful data. It is so terrible.

If he couldn't even understand the financial report, Ye Dongqing wouldn't be so arrogant that he brought tens of thousands of dollars. There was also a beautiful girl who knew nothing, who would dare to come to Wall Street to make a fuss.

Through the financial report of Tamsui Fund, he found that the performance in the past few years was quite good. Last year, he suddenly collapsed and fell sharply, and continued to fall this year.

Originally, there were more than 20 million US dollars left after the stock market crash. They were gone and ran away. More than 4 million of the more than 6 million US dollars in the account were about to be liquidated and will be transferred to the investor's account next time.

There are about two million US dollars that belong to the same investor. I guess I have lost to despair. I want to use this little money to bet on the future to see if the Internet industry can recover. If it is not stable, I will leave soon. Only then will it be the end of my life.

The Danshui Fund is about to end its end. The money on the books belongs to investors. It has no money anymore. The advantage is that it does not owe much debts, and only the company's employees' wages are not paid, and the total amount is around 100,000 US dollars.

Through the financial report, Ye Dongqing could imagine the whole process of an old professor who had hope after the bubble collapsed until he was completely desperate. When he found that the total value of his position was about two million US dollars in Amazon stocks, he sighed: "What a pity. If you have the patience to hold on, it would be hopeless to turn the tables."

It was useless to say anything he said now. When Mr. Robertson heard this, he laughed in his heart, thinking that he was a taller boy. He had already imagined that Ye Dongqing was disappointed on Wall Street and finally ran home in shame to inherit the "family property".

He was ridiculed in his heart, not saying that, and said in an exaggerated tone: "Yes, this company is very good. You only need to pay a small price to get it. It has little debt, and the employees, licenses, office space and so on are still there, just finish the procedures.

I asked you, the office will expire three months later, and I will take you to their place to see each other in two buildings? Oh, it should be time to get off work. I can call Steven Jr. He agreed to sell the company for a price of one million dollars."

"One Million Dollar?"

Ye Dongqing felt that the number was slightly higher, and there were only three-digit assets left in the company's account, which was not worth so much no matter how hard it was.

"Well, including office supplies, computers, desks, printers, and leases, as well as stocks held by Mr. Steven through the company, currently worth about $750,000. Some are the combined Time Warner stocks and the other is Amazon. In addition, you have to settle the wages owed to employees."

"It's almost the same. I thought he was crazy. A company that was about to go bankrupt is not worth so much money."

Ye Dongqing smoked a cigar and was thinking about something in her head. The price of one million US dollars was not high, but for him, he would definitely not be able to afford the money at the moment. He planned to talk to the inheritance and the company's heirs after talking.

He directly confessed to Robertson, who is a middleman, and said: "My father only gave me 500,000 US dollars in startup funds. He spent a lot of money in the early stages. The remaining two million dollars will have to wait for a month before he can give it to me after reading my results.

You can help me negotiate this business and ask the other party to agree to postpone the payment by one month, first let me get the company, stocks, etc. and then sell it to me one month later, and give you another $10,000 in commission. OK?"

Tamsui Fund has no assets anymore and is not afraid of Ye Dongqing cheating money. It is already a blessing to have someone agree to acquire such a broken company. Robertson turned his head and agreed decisively: "Okay, it's okay to give a deposit first. I will talk to him for you..."

Miss Laura sat next to her drinking black tea, and was already dozing off.

She didn't know anything else, she only knew that Ye Dongqing must not have one million dollars and spent another ten thousand dollars in commission.

I feel proud that I have not agreed to cooperate with him, otherwise I would be owed money from behind my butt and would not be able to sleep at night. Now I am out of trouble and don’t have to worry about anything.

After calling, Mr. Robertson from the consulting company made a phone call, he stayed in his office for more than ten minutes before leaving. He came to another building to inspect the Tamsui Fund Company. The area of ​​the office space was about 150 square meters, with only six desks in total, and there were computers on the table.

Mr. Steven, who received the inheritance, looks over thirty years old. Ye Dongqing skipped Robertson to bargain with him. The content was nothing more than desks, computers, etc., and he wasted a lease. In addition, he had debts, including stocks, only promised to pay 800,000 US dollars, provided that he cooperated with the transfer procedures.

Perhaps because he was eager to change these things, Steven Jr. agreed to the price. Although he complained about payment in a month, he still agreed without other buyers and agreed to draft a contract tomorrow.

Buying a company that is about to go bankrupt is not a big company. It has no fame and no assets, so it is not a problem. After the verbal agreement, it will be broken up. We will bring our own lawyers to meet again tomorrow.

She drove Miss Laura home. She recently rented it in an old apartment, which was slightly better than the one Ye Dongqing had rented before. She didn't dare to invite him to come up and sit there, and Dongqing Ye didn't force it.

There will be a lot of things in the next few days. After returning to the hotel, he put the car on his way out. He decided to find a tavern and drink two glasses of wine to reward himself...
Chapter completed!
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