20 years of restarting life

Chapter 2887 Zhao Changan's Compromise

"See if this is appropriate. BlackBerry will invest $20 million in the early stage, accounting for 80% of the shares, and One Nano North America will invest $50 million, accounting for %. As for future follow-up capital investment, BlackBerry can make corresponding additional investments to maintain the share ratio, or choose not to make additional dilution, or even transfer shares. How about this, One Nano North America can sign an agreement with BlackBerry. After two years or within seven years, BlackBerry has the right to require Pro to unconditionally repurchase these shares at a premium of % higher than the same term loan."

Although Zhao Changan didn't know how much money was left in the BlackBerry account, the current BlackBerry was incomparable to what it was a few months ago. If he wanted funds, he could withdraw them freely from various cooperating banks at any time.

The annual interest on $100 million is only $5 or 6 million. In his opinion, BlackBerry will not suffer any loss no matter how he calculates the account.

Zhao Changan wanted to take advantage of BlackBerry, otherwise he would not easily agree to take away 3% of Pro's shares for US$20 million, so he thought he had made a big concession.

Mike and Doug's eyes lit up. Zhao Changan's proposal was equivalent to BlackBerry lending money to Pro and making a profit from the interest difference.

It can be said to be a good business with guaranteed profits.

Of course, there are risks involved. If Yina Nano North America does not have the funds to repurchase at that time, or even Yina Nano North America has fallen into bankruptcy, this agreement will certainly be difficult to reach smoothly.

However, just looking at the rise of Zhao Changan and his Yinano in recent years, we can know that this possibility is very low.

Moreover, Yinnano holds 29.86% of BlackBerry's shares. As long as BlackBerry performs well, how could Pro not have the ability to repurchase these shares worth less than US$2 million?

This deal sounds like a good deal.

Zhao Changan saw the light in Mike and Doug's eyes, Qi Xidong's contemplation, and Jin Chenxiao's eyes as if he was looking at a cunning old fox.

It is obvious that Qi Xidong and Jin Chenxiao both understand Zhao Changan's real purpose, which is to challenge BlackBerry now, and wait until Pro grows up calmly in a few years. As long as BlackBerry does not feel at a disadvantage, it will of course be willing to use this kind of interest-based compensation to repurchase shares.

For BlackBerry, the difference is less than 300 million US dollars over the longest period of seven years, which is less than million US dollars per year on average.

The Pro leverages the power of BlackBerry, and the brand effect here is worth far more than tens of millions of dollars.

Seeing Qi Xidong's deep thought, Zhao Changan knew that this was definitely not enough. He couldn't help but sigh in his heart. This Qi Xidong is really a very competent professional manager!

Now that he is the CEO of BlackBerry, when he thinks about business issues, he completely incorporates his position and decisions into BlackBerry's vision.

But this is not what Zhao Changan wanted to see. Although it hurts to shoot himself in the foot, for BlackBerry, it seems that his joining is the right decision.

To be honest, for Chinese people who grew up and received education in China, even if they have studied abroad for many years or even worked abroad for many years, it is often difficult to change the imprint of "human relations and worldly wisdom" engraved in their bones. To put it bluntly, there is the problem of internal friction.

Zhao Changan was very happy with these factors, but at this time he was distressed because he did not see them in Qi Xidong.

So from BlackBerry's point of view, Zhao Changan's conditions are obviously unfair to BlackBerry. As the president of BlackBerry, Qi Xidong is certainly not satisfied.

So, Zhao Changan continued, "When BlackBerry6230+ is launched on the market, Pro will also cooperate to promote Pro6230, promising a trade-in activity equivalent to BlackBerry6230+, and these expenses will be borne by Pro itself."

Zhao Changan's subsequent words moved Mike and Doug, and even Qi Xidong and Jin Chenxiao were unexpectedly surprised.

Because this means that in the current market, with 6230 to BlackBerry s, North America will bear a certain proportion of the losses for free.

As for how much the loss will be, it depends on how good the advertising and promotion of Pro is, and how popular the phone is after it is launched on the market.

The more popular it is, the more Pro loses.

As long as the performance of the Pro is not so bad, One Nano North America will at least have to bear a loss of more than 30 to 40 million US dollars.

This sincerity can be said to be quite sincere. Although the BlackBerry6230 compensation resolution was made by Zhao Changan, he made it in the capacity of BlackBerry's chairman. Therefore, no matter whether BlackBerry benefits or suffers from it in the future, he will be the biggest beneficiary and loser.

However, his current decision is equivalent to using his own private money to take the initiative to bear part of BlackBerry's losses, which naturally has a completely different meaning.

"But in fact, BlackBerry currently has only 2 million Canadian dollars in its account. Of course, it is easy to get money from the bank now, but the following production lines, the purchase of a large number of parts and other expenses all require a lot of financial support."

Qi Xidong still wants to completely separate BlackBerry and Pro in terms of property rights: "Because of the Pro sub-brand issue, Fairfax Financial and a large number of shareholders called and said they couldn't understand why BlackBerry would create a new brand when the situation was so good."

Qi Xidong smoked a cigarette and said, "It is indeed difficult for us to give a reasonable response to these suggestions. If the time could be pushed back a few years, BlackBerry would have grown to at least the size of Sagem, and would have a little confidence in the extended brand effect."

Mike and Doug looked at each other. Actually, they were not very business-savvy. They felt that since Zhao Changan had made such a big concession, they could totally accept the investment of $100 million to take up shares.

It is very easy to borrow money with BlackBerry now.

Qi Xidong’s words made Zhao Changan feel a little angry, but there was nothing he could do because this was business.

"How about this? BlackBerry's 20 million investment will be replaced by One Nano North America without any conditions or interest. The other conditions will only be changed a little. Two years later, BlackBerry must unconditionally let Pro repurchase the 10% stake. The repurchase fee will be calculated at a compound premium annual interest rate of %."

This was Zhao Changan's biggest concession, which meant that he used his own money to help BlackBerry earn $2100 million in two years, and he also bore the loss of replacing the BlackBerry 6230.

"So what about the dividends generated in the past two years?"

Qi Xidong was obviously relaxed.

Zhao Changan grinned: "If Pro doesn't lose more than 10 or 20 billion US dollars in the past two years, I would be disrespecting the laws of world business."

Qi Xidong was stunned when he heard this, while Mike and Doug felt their scalps tingling.

The two of them secretly thought that Zhao Changan was going crazy. Fortunately, Qi Xidong remained calm and restrained himself. Otherwise, such a loss, plus the loss of BlackBerry6230 and the loss of free ordinary members, would make them want to take China's magic medicine, the Quick-Acting Heart-Saving Pills, just thinking about it.

"You are really generous! Well, I wish you success in your ambitions. I have no other objection to this."

Qi Xidong looked at Zhao Changan with complicated eyes, with a smile on his face, and made his decision.

Hearing Qi Xidong say this, Zhao Changan's heart finally settled down and he looked at Mike and Doug.

"I have no objection, the conditions are already very good."

Mike is naturally not a fool. He certainly understands that the reason why Zhao Changan insisted so much is to give Pro the identity of a BlackBerry sub-brand.

But he is a technical idealist and doesn't care about this kind of fraud.

"I have no objection either."

Doug, who is in charge of manufacturing at BlackBerry, actually has a weaker business acumen than Mike, otherwise he would have sold off his shares gradually until only 1% was left.

Seeing that both Qi Xidong and Mike expressed their approval, and thinking in their hearts that Qi Xidong was really going too far and being too aggressive, and that the conditions proposed by Zhao Changan were simply too generous to mention, he immediately expressed his opinion.