On Lao Meng's side, he was waiting for all the people on Vice President Sun's side to jump out, while collecting evidence, and even took this opportunity to quietly lay out in Jiangcheng.
Taking advantage of the fact that all eyes were attracted by the struggle for power and profit among the cities, he secretly acquired a company in Jiangcheng without telling all his competitors and completed his layout in the local market.
Then, before the chaos in the company becomes a prairie fire, he returns to the company forcefully, takes out the evidence collected during this period, and directly cleans out Vice President Sun and his entire group.
The set goal was easily achieved.
It has to be said that Jiang is still old and hot. Although Lao Meng's move was risky, it eliminated the different voices and hills in the company in one fell swoop. Especially his wife's natal family also took this opportunity to clean up and eliminate them in advance.
Another trouble.
…
After Mingyu left, Li Mu began his final campaign to close the net on virtual currency.
In the blink of an eye, it has been two months since he shorted the virtual currency. During this period, the price of Bitcoin rose and fell like a roller coaster.
Fortunately, the general direction is still downward, and the current price has dropped to $6,500.
Other cryptocurrencies have fallen even worse, shrinking several times, and there are no longer a few that have more than ten times their value.
Although, there is still some room for decline in the future and continued expansion of profit scale.
Li Mu decided not to wait any longer and officially closed his position today.
After all, the real world is different from here, and coupled with the butterfly effect his addition will have on the trend of virtual currency, it is hard to say whether it will rise or fall in the future.
If it doesn't fall as expected, you'll have to spit out the profits you took.
It's better to just stop when you're good, you've already made a lot of money.
…
Subsequently, Li Mu used his credit supervision account with US$212 million to spend nearly US$54 million to repurchase 8,100 BTC on the market, and another US$11 million to repurchase other cryptocurrencies.
After such operations, he easily collected the virtual currencies he lent on the exchange two months ago.
It was the amount of virtual currency he was shorting originally.
Li Mu returned the cryptocurrencies to the exchange, settled the interest, commissions, and handling fees, and the short-selling operation officially ended. In two months, the net profit was as high as 145 million U.S. dollars.
Combined with the $78 million pledged, the total is $223 million.
When all the money was withdrawn into his personal bank account, Li Mu was excited and finally breathed a sigh of relief. He was now a real billionaire.
…
However, the money did not stay in his account for too long. After such a long time, the acquisition of Olkus equity and investment has been completed with the strong operational capabilities of Goldman Sachs, and they are just waiting for the funds to be in place.
The first step was to acquire equity. Olkus’s early investment institutions, in today’s sluggish environment of VR technology, have no prospects for returns and most of them have to withdraw.
With the help of Goldman Sachs, Li Mu spent US$49.5 million to take over 45% of Olkus' shares at a valuation of US$110 million.
Subsequently, as the largest shareholder of Olkus, with the assistance of the investment department of Goldman Sachs, it began a round of capital increase and share expansion in Olkus.
Different from the world's capital market's view on VR, Li Mu is optimistic about the future of VR virtual reality and the future of Olkus, which is why he acquired equity and increased capital.
However, VR virtual reality technology is a money-burning thing after all. Even if you invest too little money, it will not be enough and it will not be able to achieve the desired results.
The valuation of Olkus in the capital market has dropped to US$100 million, and the shares Li Mu acquired at a valuation of US$110 million actually paid a certain premium.
The valuation has dropped again and again this year, and Olkus, which still has not raised funds, is clearly hungry for capital. Li Mu will not be stupid and generous and deliberately raise the valuation of Olkus.
Still financing at a valuation of US$100 million.
He plans to invest US$100 million to acquire 50% of Olkus's equity at one time.
Things went smoothly. With the arrival of US$100 million, Olkus issued an additional 50% equity to Li Mu.
The original 45% stake was diluted to 22.5%. Adding the existing 50%, Li Mu's shareholding in Olkus reached an astonishing 72.5%, giving him absolute controlling interest.
Today, the equity structure of Olkus is as follows. Li Mu holds 72.5%. As the well-deserved largest shareholder, he has absolute controlling rights.
The founding team holds 17.5% of Olkus' shares, making it the second largest shareholder.
There is also an institutional investor that has not exited the market. It holds 5.5% of Olkus' equity and is the third largest shareholder.
The remaining 4.5% of the equity is used as the company's option pool to carry out equity incentive plans and attract talents.
In this way, the company's shareholding structure has finally stabilized.
Despite having absolute controlling stake in the company, Li Mu did not significantly interfere in the company's affairs, nor did he replace the CEO and take up the role himself.
In fact, Olkus, which has been established for six years, has a deep foundation in the field of VR virtual reality and has always been of high quality.
The CEO and founder team are also very capable and attach great importance to technology, but their ability to raise money is a bit poor.
Coupled with today's general environment, VR technology is not popular in the capital market, resulting in relatively sluggish valuation and development.
Although Li Mu took control of Olkus, it greatly reduced the voice of the founding team. At the same time, it also brought $100 million in cash flow to Olkus, stopping the wave of layoffs and allowing it to continue to develop.
It’s a mixed bag for founder team members.
However, it is an established fact that Li Mu has absolute controlling rights, and they can only accept the reality and cooperate with him to develop Olkus better.
…
Although Li Mu has repeatedly stated that he will not interfere in the management and operation of the company, as the largest shareholder and absolute controlling party, he still sits on the throne of Chairman of Olkus.
Fortunately, he is self-aware. Whether in the real world or here, he has no management skills and no entrepreneurial experience.
Although you have good computer skills, it is just a skill and does not mean you have the ability to lead the company to develop better.
You can only learn more, watch more, talk less, and slowly learn and adapt to your current identity.
…
After this move, the US$223 million in cash that had just been obtained and was not yet warm was deducted from the US$149.5 million in investment acquisition funds, and more than US$4 million in commissions were paid to Goldman Sachs.
There is about $70 million left.
On this money, you will also have to pay a part of the short-term capital income tax. However, professional accountants can help you avoid taxes reasonably, and most of the profitable funds are invested, so the tax amount is not high.
Li Mu decided not to use the remaining money for business expansion, but to use it all to protect his personal living expenses.
Isn’t there a saying that goes well?
What is the most wasteful thing for the second generation of rich people to do? "Start a business".
You only have to squander as much as you can on eating, drinking and having fun. Starting a business can take you right back to before liberation.
Li Mu is now no different from those rich second generations. They have a lot of money in their hands but no corresponding abilities.
The investment in Olkus Company was based on his forward-looking vision based on real-world experience, and was not his own ability.
In this case, it's better to be honest and safe.
Even if the future development of Olkus Company is not satisfactory, with tens of millions of dollars in guarantee, it will still be a winner in life and have no worries about food and drink.