I took a look at the comment section, and there were several comments that kept saying that the protagonist's listing was an act of giving away money for free. The key is that the trainee has not subscribed, but it is the fan title who is fully subscribed who is explaining to them.
A few people who have been talking for a long time may not have understood what the basic indicators of the company's PE, PB, ROE, asset income statement, etc. respectively represent, and why the protagonist should operate his own money alone, and the LP's money should be kept in the company for listing.
Isn't this a joke? It's just as funny as a bank taking depositors' savings to keep the company listed. Is the depositor's money owned by the bank? Is the LP's money owned by Tiansheng?
What's more, when the protagonist was worth 1 billion, he injected all the money into the company. It's very confusing to say that the 200 billion is the protagonist. Let's first understand the concepts of owner's equity.
Finance is really a complex system. The author is a layman and can only say that he understands a little bit. I tried to write it in a simple way so as not to make it tiring for everyone to read. I just want to read it for a fun article. I also believe that everyone will read it.
The purpose of this book is definitely not to learn any professional financial knowledge from the book. Are you kidding me to learn professional financial knowledge from an online article?
You see, if I were to write something super detailed and talk about giving away money for free, I would definitely say that you are crazy about the word count. Not to mention the readers, I myself feel that it is useless. An IPO recruitment document has hundreds of pages of content. This is finance. How do you write it?
This is not to say that there is no problem in not allowing in-depth discussion, but the topic discussed itself must be defensible. This will help improve the logic of the book. The author does not think that his writing is completely free of logical loopholes.
But you can't come up and just think that 1+1=3 is the correct answer and let us and normal readers accept this as the correct answer. We can't accept it.
The most hilarious thing is the one above that says the LP’s money will be reserved for the company to go public. It’s meaningless and I’m too lazy to reply. Really.
The emotional line that everyone criticizes is very meaningful. The author humbly accepts everyone's criticism and actively changes and improves it. But in this case, you obviously have an IQ of 130 but you have to be forced to lower it to 50 and then do it under the other person's control.
I cannot accept being defeated in Advantage, and I believe even a normal reader cannot accept it.
Sometimes I really want to say, "Cognitive intolerance is an intellectual defect." You can't communicate, and suddenly you understand why those powerful Niu San are so aloof, like chickens and ducks, they can't communicate.
The person who talks about the valuation of 2400 and the behavior of the Virgin who gives away money for free may not even understand the most basic connotation of the word "transaction". What is a transaction? The most basic understanding is to exchange things for things of equal value. Why does he do it?
Is there a conclusion that the money is given away for free? Because he made the transaction qualitatively from the standpoint of gangster logic. In his eyes, only when the protagonist takes 100% of the benefits without any corresponding exchange is it not a holy act of giving away money for free.
Is this a transaction? This is robbery! What’s the logic if it’s not a robbery?
The protagonist gave Tiansheng a private placement and a backdoor listing. The capital market financed the company 45 billion, leveraging more capital to make the cake bigger, making a lot of friends, and giving a certain low valuation to the company.
Greater room for growth can be explained in less than a hundred Chinese characters. Isn’t it difficult to understand such a simple thing?
The reason why he raises this question is that he may regard the company's assets and the company's market value as the same concept. He thinks that the company has a net asset of 200 billion, and its valuation of 240 billion means that it has given away hundreds of billions in vain. In reality, Ford Motor Company's 2000
The company has total assets of over 100 million U.S. dollars, but its market value is only over 40 billion U.S. dollars.
Market capitalization is the pricing and valuation of a company's future expectations by capital through the secondary market. Therefore, the PE price-to-earnings ratio is the expected value to be realized. It is in the future tense and is the future prospect of the company between two gambling dogs. Gambling Dog A
I liked the company, so I bought the stock at a high price and bet that it would be more valuable in the future. As a result, the company's market value skyrocketed, and the arbitrage took away the future. Someone took over. Betting Dog B was very pessimistic, so he quickly sold the stock at a low price and ran away. As a result, the market value plummeted.
, someone took the order.
This is why a company in the stock market has a very good performance, but its stock price plummets, because expectations have long been overdrawn, and performance is a fulfillment of expectations. It will continue to rise unless there is a successor who thinks that the future will be better, so it rises again.
In this cycle, as long as the takers come one after another, the stock price will keep rising.
This is all a game played by gamblers in the capital market in the secondary market, and it has a half-cent relationship with the corporate entity? The corporate entity has not seen any fundamental changes.
Move this template into the plot, does it have anything to do with Tiansheng Capital? The only time it has anything to do with the capital market is when the protagonist gets 45 billion from the capital market to develop the company, and then the company is securitized and the stock is circulated.
The market is put on the securities market for trading and circulation. A group of gambling dogs gather together to bet on whether Tiansheng Capital will be good or bad in the future. The gambling dogs bet on theirs in the secondary market. The protagonist and Tiansheng Capital Operations are doing their own things. These are two different things.
, forcing them to come together is nonsense.
As long as you understand what is said above, you won’t think that it is a holy act of giving away money for free.
He would also not understand the sentence "capital profit sharing must be the pursuit of greater interests." The company with 100% control by the protagonist is worth 50 billion, and the company with 55% of the equity of the protagonist is worth 500 billion. Which one is more beneficial?
Is it difficult to understand?
Will the transfer of a certain amount of equity affect the protagonist's control over the company? Didn't the person who made the protagonist give money for free not read the content of "Chapter 098 [The "Dual-Level Structure" Design of Equity]"? In order to write this chapter,
I checked the concerted action agreement, checked the limited partnership price and other corporate equity structure design information, but ignored it, and then opened my mouth to drink and give money for nothing. How could I endure it...
It is said that the protagonist’s valuation is 240 billion, and he gave money to institutions for free. Why don’t you spend more time thinking about why the market value of Tiansheng Capital directly reached more than 500 billion after the resumption of trading?
Who pushed up the stock price? Did institutions push it up? Why did institutions push it up? Isn’t it because institutions hold Tiansheng’s shares?
If you don't give a certain valuation to the stocks issued by institutions, why should the institutions push Tiansheng Capital's market value to 500 billion and the protagonist's worth to the position of the richest man? Including Tiansheng Capital's future increase to over one trillion
Even tens of thousands, depending on the protagonist's low valuation and fixed increase.
Now it is more than 500 billion, and in a while it will be 1 trillion. Compared with 240 billion, is it free?
What is using capital to leverage greater capital? What is capital profit transfer? It must be the pursuit of greater benefits? This is it.
Looking back at the low valuation of 240 billion, did the protagonist get it for free or did he make money? At this level, anyone with a normal IQ would know that he made money!
I’m really pissed off, I’m going to update the main text of this chapter after talking so much.
Because I was really angry and my anger was boiling out.
He is so ignorant and yet so plausible. The reason why I am angry is that I know that I cannot defeat him. He is invincible if he is ignorant and fearless. Facing an invincible opponent, of course I will lose, so I am angry.
So I won't reply to him, I can only vent here.
Phew~~I’m so angry!
The most irritating thing is that he still hasn’t subscribed and he prostituted for free. Don’t you think that’s irritating? A trainee fan is worth it, and if you spend money on a genuine subscription, you’ll be irritated at least, right? I won’t say anything else.
Okay, I was just joking when I said I was angry. Although I was angry, it did not affect my mentality. Otherwise, I would not have been able to get to where I am now after working in the industry for four or five years. It was just a bit of a bitter smile and a helpless feeling.
You have laid out everything, written the two-tier structure, written the reasons for listing, and written the reasons for the valuation. I also have to carefully control the word count. If there are too many words, I will be criticized.
But they were all ignored, and then a very ridiculous point was taken out of context and kept going on and on. I guess this is what I learned from the BBC media...
If I didn't jump out and complain again, I might really think I was wrong.
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It’s really hard to make a living in online writing. One-third of the money you earn to support your family is money earned by being criticized, and one-third is money earned by being scolded.
It feels so much better to chat so much. I can write two chapters and update it in one breath. If I don’t chat for a while, I feel uncomfortable all over, and I’m afraid... I’m also drunk.
Sorry! This complaint made me code twice as fast as usual. It’s a bit fake. Sorry!
Code word code word code word, continue to fuck hard!
