Chapter 87: Situ Nan's Kodak
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Winter nights in Niguara come early, especially in mid- and high-latitude areas like Niaguara, and the earlier it gets darker the further north you go. (To read the latest chapters of this book, please visit the biquge.info of Wèn Aishang Novel Network) Situ Nan looked at it, it was dark outside, and he could no longer see the snowflakes flying in the sky, only the cold wind howling.
From the moment he sat down, Eastman looked at Situ Nan expectantly, and he didn't have much appetite when the sumptuous dinner fell into his eyes.
This old man is in his fifties, and he still has to worry about business, Situ Nan thought to himself, let's end the suffering of this poor man!
"I have good news for you, George, that after much consideration, I have decided to accept your establishment and take a stake in your company." Situ Nan said with a smile, the sincere person who doesn't know still thinks how honest and generous this guy is!
"Really? Thank you so much, Stoney! George Eastman stood up excitedly and grabbed Situ Nan's hand, fearing that he would regret it.
Today was a difficult day for Eastman, as the Kodak stock market had been up and down in the afternoon, leaving him, the big boss in Niagara, at a loss, and he really couldn't find new money to survive the crisis.
To add to Eastman's embarrassment, he called the company's other shareholders, some of whom could not be reached, some of whom were ready to sell their shares, and some of whom had already been sold.
Now Eastman, the big boss, can't raise enough money to buy back the shares of other shareholders for a while, and can only watch the shares of Kodak Company fall into the hands of others little by little.
This is a fact that Eastman finds it difficult to accept, just like the son he raised was snatched away, in case he meets an incompetent "father", then his "son" will suffer.
Eastman is not stingy with money, but is afraid that Kodak will fall into the hands of people who do not agree with his philosophy, in this regard, the camera topics that Situ Nan and Eastman talked about at the beginning have added a lot of points to Situ Nan, Eastman thinks that it is better to let Situ Nan take a stake in Kodak than others, right?
He's in his fifties, he's been working for Kodak for decades, and he's a little tired, and Eastman isn't the kind of guy who wants to stay in that position until he dies.
Situ Nan didn't know what Eastman was thinking, otherwise where would he need to make so many small moves? Otherwise, it will be even more cruel!
Letting go of Eastman's hand, Situ Nan said: "Tell me the truth, George, after talking to you in the morning, I launched a relationship in New York to check on Kodak's situation, as you said, Kodak is a little bad, and the stock price has fallen one after another." However, I also believe what you said, Kodak is only facing temporary difficulties, as long as he finds enough money to survive, his potential is underestimated. So I've got people to take Kodak stock. Hehe! ”
Situ Nan quibbled.
He said half-truths and half-truths, trying to wrap up his "sinister intentions" with rhetoric.
Obviously, he succeeded!
The highest level of lies is not that there is truth in falsehood, truth in falsehood, truth in falsehood, and it is difficult to distinguish between truth and falsehood. Eastman almost believed it, and he could only believe it now.
With a preconceived impression, Eastman thought that Situ Nan was helping himself and Kodak, so he was grateful to Situ Nan.
Eastman's 30 percent stake in Kodak is worth at least $10 million if converted to the previous share price, but now that the stock price has plummeted, Eastman's fortune has shrunk by more than half.
Although this was only temporary, it was already fatal for the unfunded Eastman.
Tong Guò secretly absorbed and bought from other shareholders, Situ Nan has quietly controlled 29% of Kodak's shares, only a little less than Eastman, and the remaining part of Situ Nan is estimated to be in the hands of that mysterious force, just waiting for them to appear automatically.
Situ Nan is not in a hurry about this, naturally some people will be in a hurry, some people have planned this bureau, but they will naturally be anxious if they can't see the desired result.
As long as you hold on to Eastman tightly, you will not be afraid of any conspiracy by the third party. Situ Nan is not a weak Eastman, after the spin-off of the food company and the listing, now Situ Nan still holds a large amount of money, the amount is as high as fifty or sixty million US dollars, and he is in a hurry to do all the hurtful things, and it is a big deal to postpone other plans for a while.
The wealth is rude, which is like Situ Nan's current mentality!
In the past, Situ Nan did not understand why the old guy J.P Morgan liked majestic careers, railways, steel, shipping, electricity, Morgan's control of those companies were the largest in the industry, and with strong capital, these large enterprises continued to swallow up other enterprises with the support of Morgan, and finally developed into a trusts that people look up to.
This is also where the old guy is so bullish, but he is dead, but his legend is talked about by American entrepreneurs.
Now Situ Nan finally realized that only a majestic career is a symbol of his identity and strength, so he is determined to swallow Kodak, the largest camera manufacturer in the United States now and even in the future!
After some haggling, Mr. Szeto bought a 10 percent stake in Kodak from Eastman for $2.05 million.
The next day, Situ told Eastman that after some hard work, Robles Securities had taken a 29% stake in Kodak. With the addition of Eastman's 10 percent sale to Situ Nan, Situ Nan and his allies have already sued Kodak for a 39 percent stake.
Although not more than half, he is now the largest shareholder of Kodak Corporation, and he has unwittingly taken the lead in this Kodak battle.
"Ah???h Eastman was stunned when he heard the news, and he looked at Situ Nan with some shock, this young man was so unfathomable that he unknowingly controlled Kodak.
"How did you do that?" Eastman stared at Situ Nan, he was a little skeptical that the young man in front of him was behind the Kodak turmoil.
Situ Nan was stared at by Eastman and felt a little weak, although this matter in the mall was actually nothing, but after all, he also played a disgraceful role behind the scenes.
However, Situ Nan didn't show a trace of guilt on his face, he just smiled bitterly and said: "George, if I say it's a coincidence, maybe you don't believe it, but that's the case, I didn't expect to meet you on this trip, let alone that you are the boss of Kodak."
Since I found out who you are, I asked people to investigate the situation of Kodak, and it happened to be the financial turmoil of Kodak, Kodak's stock price plummeted, and those antiques were selling their shares on Wall Street, and they happened to have some business connections with Robles Securities, so I bought their shares.
When you came to me for help, I was really embarrassed, I didn't know if it was better to confess or not, but I didn't want to deceive you.
Situ Nan paused, saw Eastman's face slightly pale, and then said: "You are right about this, there is really a conspiracy, but it was not me who did it, but someone else." Yesterday my men reported to me that when we at Robles Securities bought Kodak shares on the stock market, there was already a mysterious force quietly buying Kodak shares. It wasn't until we joined the rush that the two sides went crazy to buy Kodak's shares, so today Kodak's stock has risen one after another, and it has reached $2.8 per share. ”
"Is this true? Do you know who that force is? Eastman didn't expect that there were so many stories behind this, and when he heard Situ Nan say this, he had almost believed it for nine years, and subconsciously stood with Situ Nan again.
"It's not clear yet, but they are very strong, and my people are investigating them, and I believe that the results will be available soon." Situ Nan shook his head and said. But in my heart, I was happy, and I pushed the bad things on the head of that mysterious force, so that I could almost clear my suspicions.
"Could it be him?" Eastman pondered for a moment and said.
"Oh? Do you know who it is? Situ Nan asked curiously.
"I'm not sure yet, but I'll know when I get back to New York. Let's hope it's not that guy! Eastman sighed.
"Oh!" Situ Nan said, "In any case, George, I think Kodak will have greater development under your management, and I will support you." ”
Situ Nan showed his support for Eastman at the right time, and he didn't think about taking care of the company himself anyway, and it was reasonable to hand it over to Eastman.
"Thank you, Stoney!" Eastman said.
With Situ Nan's promise, Eastman's position in Kodak will not be affected, and he believes that with abundant funds, he can lead Kodak through this difficult time smoothly and make Kodak's development to a higher level.
For the next two days, Kodak's stock was a little weird, with little volume and no fluctuations, and Robles Securities and the mysterious force died down.
After a round of testing, everyone is afraid of each other, but those sporadic retail investors in the market are watching and watching, originally they also complained that Kodak's stock price fell too fast, they didn't have time to make a move, and when they wanted to make a move, Kodak's stock price was rising sharply, and some retail investors with a keen sense of smell immediately changed their minds and did not sell, and they waited for the big investors to snap up the stock price when they could make a profit.
In fact, there are not many Kodak shares circulating in the market now, and most of them were divided between Robles Securities and that mysterious force a few days ago.
Although he doesn't know how many Kodak shares the other party holds, Situ Nan knows that he doesn't read as much as himself, and it is estimated that it is between 20% and 25%.
In any case, after getting some Eastman, Situ Nan finally got Kodak over, but he also paid a total price of less than $8 million, which was really worth it!
However, in order to solve Kodak's financial crisis, Situ Nan had to invest more than $3 million several times in succession, which also diluted the shares of other shareholders, and instead made Situ Nan's Kodak shares more than 50%.
After this turmoil, Eastman really lived up to Situ Nan's expectations and put Kodak in order to rectify its financial situation without much effort.
After that, he took care of Kodak well, and in the next ten or twenty years, Kodak's market value increased several times.
By the 30s, Eastman had to retire due to a physical illness, and until then he had been at the helm of Kodak.
Unfortunately, unable to endure the pain caused by the disease, Eastman finally chose to commit suicide by jumping into the sea, and before he died, he scattered hundreds of millions of family fortunes and returned to society.
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