Chapter 438 The Lawyers' Plan
Nearly ten leading lawyers gathered in the conference room of Kevin Law Firm. Smith was narrating the situation: "...It's a bit unfavorable. Since the launch of Blue Star.com, there is only one news about China, and it is about Pandas. There is no need to buy insiders at all. An experienced lawyer can use the questioning technique to ask the witness to answer "yes" or "no" and then form a satisfactory answer..."
"...There is no violation of the existing legal provisions at all. The boss of the media has made his news tendency because of his own likes and dislikes, and this situation is also everywhere. So litigation is definitely impossible because it is a result of failure. The biggest possibility is a Congressional hearing. Mr. Bramble, I have to apologize. It was an insignificant problem. Now that China is in a time of political turmoil, especially when the American and Western public opinion is one-sided, you will be quite passive..."
Jing Jian nodded and sighed: "I wanted to avoid politics and not get involved in any political topics, but I didn't expect that I couldn't escape it."
"Bramble, forgive my straightforwardness. Maybe you haven't noticed it yourself, but you are actually a big shot." Kevin smiled.
"Then do you have any good suggestions?" Jing Jian asked.
A lawyer who is good at public relations with the government replied: "Mr. Branbull, the problem now is not to win a lawsuit or a hearing. According to your statement, some people want to completely discredit you and smear Blue Star. Even if you eventually win a lawsuit or a hearing, even if you successfully go public for financing, Blue Star will be labeled as 'inclined' in the future. This image is almost irreversible. Forgive me, I do not use the word 'fall'. The public image and market value of Blue Star will also be greatly affected. Especially for the crime of "controlling American media public opinion," there is no doubt that one doubt can get the opposition from most members of Congress. Your identity as "communist China" is very unfavorable. If you touch this point, it is a pity that the United States does not talk about freedom of the press, legal justice, or conclusive evidence."
Regarding this, Jing Jian can understand that the new online media in his country cannot be controlled by citizens or companies of other countries, especially potentially hostile countries. Just look at the future China, no matter what the capital structure is, all Chinese Internet companies occupy the market. And the foreign Internet giants entering the country eventually retreated because they can't compete? That's a joke, it must be because of the government behavior behind it.
Vice versa. Chinese Internet companies can go public in the United States or even e-commerce, but if you want to acquire a public opinion control website like American Online or Facebook? Then you must be thinking too much.
After lit the cigarette, Jing Jian smiled slightly and continued to ask Kevin: "Do you have any solutions?"
Kevin replied: "First of all, we must form a lawyer team, which shows our strength and determination. Complainting is useless and will only increase Wall Street's ambitions and will be very unfavorable for future negotiations."
"Did you say...or through negotiation settlement?"
"It is true. As your lawyer, I only consider your interests, mainly economic interests." Kevin smiled. "It is obvious that judging from the previous roadshow, once Blue Star Network is listed, its total market value will be around 400 million US dollars. I am not an investment expert. The data here may be a bit inaccurate, but generally speaking, Wall Street predicts that Blue Star Network has a good prospect. In other words, they predict that the total market value will rise to between 800 million and 1 billion. Obtaining 30% of the shares will make a short-term profit of about 150 million US dollars."
"And what did they pay? Just some political resources and some relationships between the media. It really ruined the listing, and it can be said that there is no loss. So the passive place is here. No matter how much money you spend to fight them, they will not make at most."
Kevin is worthy of being a senior lawyer and has a thorough analysis. Jing Jian suddenly thought about it. In fact, although the bigwigs on Wall Street saw the beautiful prospects of the Internet, they would definitely not expect that such Internet stocks would soar into the sky, so they were still shallow, and it would be very satisfying to make hundreds of millions of dollars. If this is the case, appropriate compromise is not unacceptable.
Jing Jianke made a decision: "Kevin, we will form a lawyer team, and we will face the challenge. We will hold a press conference. First, we will ensure that the board members and management of Blue Star Network are American citizens, and I personally will not participate in the company's decision-making and management; second, Blue Star Network's news channel is publicly outsourcing, and major media are welcome to form strategic cooperation with us. Before the outsourcing agreement is reached, Blue Star Network's news channel is temporarily terminated; third, official users of Blue Star Network are welcome to apply for managers of major chat rooms. Our slogan "Let netizens manage themselves, and Blue Star Network will provide a communication platform"; fourth, within five years, I will give up my voting rights in the company and can be registered with the China Securities Regulatory Commission. I claim to the public that 'This is just my investment, what I want is profit. I don't want to control Blue Star Network'."
Kevin thought about it for a while and found that such a crisis was very good. The first one is that they are all American citizens? As long as Jing Jian arranges Kent, Jim and others to join the board of directors and management through companies such as White Lotus, Iceberg, etc., it can still indirectly affect Blue Star Network's decision-making and management. And the second "news outsourcing"? That's even more joke. Blue Star Network itself does not have the ability to edit and edit news. All news comes from outsourcing. Now it is public outsourcing, but instead throws away a big burden. As for the third one, it is even more speechless. In fact, this is the "industry rules" of major forums in the future, and all volunteers are used as moderators.
As for Article 4? Kevin still has some questions: "Bramble, isn't your announcement like this just to imply that you will cash out publicly after listing? Will this not affect the price of Blue Star's listing financing?"
Jing Jian smiled: "You must always have chips in your hand."
Smith and other lawyers were confused when they heard this, and Kevin seemed to understand what Jing Jian meant and thought: "I hope their appetite will not be that big, and we can't wait for time."
Jing Jian spread his hands helplessly: "If you don't want to get nothing, they can't wait for time either. I believe you will contact me soon. If you enter the negotiation stage, I'll ask you."
Chapter completed!