Life in the world of film and television

Chapter 15 Harvest
On Lao Meng's side, while waiting for all the people from Vice President Sun's side to jump out, while collecting evidence, he even took this opportunity to quietly deploy in Jiangcheng.

Taking advantage of the fact that all eyes were attracted by the struggle for power and profit in the cities, he quietly acquired a company in Jiangcheng without telling all competitors, and completed the layout in the local market.

Then, before the chaos in the company was about to turn into a prairie fire, he returned to the company forcefully, took out the evidence collected during this period, and directly cleaned up all the people in Vice President Sun's group.

The set goals were easily achieved.

It has to be said that Jiang is still old and hot. Although Lao Meng's move was risky, it wiped out different voices and hills in the company in one fell swoop.In particular, his wife's natal family also took this opportunity to clean up and eliminate another trouble in advance.

……

After Mingyu left, Li Mu began the final collection of the virtual currency.

In the blink of an eye, it has been two months since he shorted the virtual currency. During this time, the price of Bitcoin has been ups and downs, like a roller coaster.

Fortunately, the overall direction is still falling, and the current price has dropped to 6500 US dollars.

Other cryptocurrencies have fallen even worse, and there are no longer a few that have shrunk several times or more than ten times.

Although, there is still some room for decline in the future, and the scale of profitability will continue to expand.

Li Mu decided not to wait any longer, and officially closed the position today.

After all, the real world is different from here, and coupled with the butterfly effect of his joining 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 will have to spit out the profits you got in your mouth.

It's better to accept it as soon as it's good, and you've already made a lot of money.

……

Subsequently, Li Mu used the credit supervision account with 2.12 million US dollars to spend nearly 5400 million US dollars to buy back 8100 BTC in the market, and spent another 1100 million US dollars to buy back other cryptocurrencies.

After such an operation, the virtual currency he lent on the exchange two months ago was easily collected.

It was the amount of virtual currency he shorted at the beginning.

Li Mu returned these cryptocurrencies to the exchange, settled the interest, commission, and handling fees, and the short-selling operation officially ended. In two months, the net profit reached 1.45 million US dollars.

Add that to the $7800 million pledged, and you get a total of $2.23 million.

When all the money was withdrawn to his personal bank account, while excited, Li Mu finally breathed a sigh of relief. He is now a real billionaire.

……

However, the money didn't stay in his account for too long. After such a long time, the acquisition of Olkus' equity and investment has been done under the strong operating capabilities of Goldman Sachs, and it is only waiting for the funds to be in place.

The first thing to do is the equity acquisition. Olkus’s early investment institutions, in the current environment of VR technology downturn, have no return in the foreseeable future, and most of them will leave the market.

With the help of Goldman Sachs, Li Mu took over a 1.1% stake in Olkus at a valuation of US$4950 million at a cost of US$45 million.

Subsequently, as the largest shareholder of Olkus, with the assistance of the investment department of Goldman Sachs, it started a round of capital increase and share expansion for Olkus.

Different from the view of VR in the capital market in this world, Li Mu is optimistic about the future of VR virtual reality and Olkus, which is also the reason for his acquisition of equity and capital increase.

However, VR virtual reality technology is a money-burning thing after all, and less money is not enough to achieve the intended effect.

The valuation of Olkus in the capital market has dropped to 1 million U.S. dollars, and the equity acquired by Li Mu at a valuation of 1.1 million U.S. dollars actually paid a certain premium.

This year, the valuation has dropped again and again, and Olkus, which still has not raised funds, can imagine the degree of thirst for capital. Li Mu will not be stupid and generous, deliberately raising the valuation of Olkus.

Funding is still carried out at a valuation of US$[-] million.

He plans to invest 50 million US dollars and take a [-]% stake in Olkus at one time.

Things went smoothly, and with 50 million US dollars in the account, Olkus issued an additional [-]% of the equity to Li Mu.

The original 45% stake has been diluted to 22.5%, and with the existing 50%, Li Mu's shareholding in Olkus has reached a staggering 72.5%, with an absolute controlling stake.

Today, the equity structure of Olkus is as follows. Li Mu holds 72.5%, and as the well-deserved largest shareholder, he has an absolute controlling stake.

The founder team holds a 17.5% stake in Olkus as the second largest shareholder.

There is also an institutional investor who has not exited the market and holds a 5.5% stake in Olkus as the third largest shareholder.

The remaining 4.5% of equity is used as the company's option pool for equity incentive plans to attract talents.

In this way, the company's shareholding structure finally stabilized.

Even though he has an absolute controlling stake in the company, Li Mu did not meddle in the company's affairs wantonly, nor did he replace the CEO, but took over by 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 the ability to raise money is a bit weak.

Coupled with the current general environment, VR technology is not sought after by the capital market, resulting in relatively low valuation and development.

Although Li Mu won the controlling stake in Olkus, the voice of the founding team has been greatly reduced.At the same time, it also brought Olkus a cash flow of 1 million US dollars, which stopped the wave of layoffs and continued to develop.

Let the founder team members have mixed feelings.

However, it is an established fact that Li Mu has an absolute controlling stake, 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 intervene in the management and operation of the company, as the largest shareholder and absolute controlling party, he still sits on the throne of Olkus chairman.

Fortunately, he has self-knowledge, whether in the real world or here, he has no management skills or entrepreneurial experience.

Even if you have a good computer technology, it's just technology, and it doesn't mean that you have the ability to lead the company to develop better.

The only way is to learn more, watch more, talk less, and slowly learn and adapt to the current identity.

……

After this action, the unwarmed US$2.23 million in cash just received, deducted US$1.495 million in investment and acquisition funds, and paid more than US$400 million in commissions to Goldman Sachs.

About $7000 million remained.

The money also needs to pay part of the short-term capital income tax. However, professional accountants can help to avoid tax reasonably, and most of the profitable funds are invested, so the tax amount is not high.

For the remaining money, Li Mu decided not to use it for business expansion, but to use all of it to protect his personal living expenses.

Isn't there a saying that goes well!

What the rich second generation do is the most prodigal, "start a business".

How much is squandered on eating, drinking and having fun, and starting a business can bring you back directly to before liberation.

Li Mu is now no different from those rich second generations. He has a lot of money in his hands, but he doesn't have the corresponding ability.

Investing in Olkus is also based on his real-world experience and advanced vision, not his own ability.

In this case, be honest and safe.

Even if the future development of Olkus Company is not satisfactory, with tens of millions of dollars guaranteed, it will still be a winner in life in the future, with no worries about food and drink.

(End of this chapter)