Change the 3rd times of everybody company demesne in be being caused once more of small investor rebound strongly, in a variety of dimension power shifts hard after be successful, they decide lawsuit.
Author | The day edits Li Mo | Set one's mind at
Look at least, this is not the rich play chess that a level considers.
What Conan faces is one once gregarious overlord, the US stock that market prise exceeds 7 billion dollar for a time appears on the market company; And what thought fors the time being is participate in to be less than 300 small shareholder together only in his hand, the on snowball 90 thousand many person that pay close attention to.
By April, everybody company (NYSE:RENN) announced plan of partner share out bonus, meet in American card inspect the synchronism on the website submitted relevant document.
According to plan of this share out bonus, everybody company the subscribe asset share according to orgnaization investor, undertake share out bonus to investor. But share out bonus is not this to be as long as the core content of the plan of 600 much pages, "According to plan description, the large stockholder of everybody people had comprised to cry " affirmatory partner " buyer financial group, will buy next companies with 500 million dollar most the asset of core, those who include everybody hold is small the advertisement of the stock that borrows 44 companies such as company SoFi, snowball and CHIME, rights and interests in 6 investment fund and operation of everybody company subsidiary acts as agent business.
And these core capital can merge into the name is the company of OPI and from appear on the market the company comes off. Come off after these asset, everybody will continue operation is its socialization network, secondhand car and SaaS business, plan to continue to withhold button to hand in place to appear on the market company capacity. If investor does not accept this plan, can receive as corresponding as amount of every cash dividend cash dividend, continue the share of person of hold hand go-between -- and this has been capital of a core be come off appear on the market company.
"(this plan) understandable humanness person made these capital fold, sold oneself again. " Conan says. Occupy media coverage additionally, the benefit that everybody company adjusts pair of SoFi this allocates have an agreement, according to this agreement, be in in below the case that small investor interest cannot get ensuring, everybody just guaranteed the benefit of the large stockholder such as soft silver and DCM.
The tears apart a plan to invite everyone small shareholder in plan feels indignant, they think this is to drawing out empty everybody, the public opinion voice that they raise for this also made this company that is forgotten almost new return the eye shot of the outside.
Small shareholder people hope American card inspect is met or large stockholder soft silver can make stop to trade this for a time, but if wish,they fail finally; Indignant investor decides finally to tell everyone the court.
Dimension authority actsHe contacted additionally 4 to had done the investor of a large number of research to everybody net immediately. Face this to had had twice not quite when the turns conspire demesne company of glorious, what dare Conan have to slight, they need to be read inside short time be as long as the plan full text of 600 much pages, find out breach.
About the same same time, the small shareholder of everybody people the Wei Quanqun that started a more than 300 people quickly, in the investor of everybody, the Conan with quite high prestige is by choose without accident ground the leader that this dimension authority acts. He is being published in the article of snowball to say, "I hope small investor does the business of a few in one's power in the side, strive for a few rights that should belong them. I say, I meet what small investor helps after all in the help. I meet what small investor helps after all in the help..
The fund of Conan administer arrived in March last year between June begin to buy everybody in great quantities, accumulative total hold exceeds 100 thousand. The small shareholder that undertakes with him thought fors the time being together holds an amount to be centered in thousands of arrive inside the interval of ten. Similar case does not see more in American capital market, in because such plan is met certainly almost,sufferring of small shareholder rebound and public opinion pressure.
The time that leaves everybody small shareholder is not much, according to the original plan of everybody, plan of share out bonus can be carried out on May 14, small shareholder people all these happening must be prevented before this.
Conan ever placed the biggest hope was in the United States card inspect is met. Because, if be before May 14,American card inspect can fail to veto proposal of this one party, small shareholder people can reverse condition through litigant means only, and the lawsuit that this means exorbitant retaining fee and prolonged period.
Conan and the time that additionally a few investor spent 4 days will study this is compared only new China the dictionary became little the plan of share out bonus of 100 pages, find as far as possible among them violate the part of compasses, or it is to be able to prove everybody president Chen Yizhou exists the evidence with con finance.
In plan, everybody divides the original intention of diamonds case to make understanding to this commentate. They say, because investment of accumulative total equity is larger, the company received what American card inspect meets to ask ask, the company is maintained to be place of investment firm method to define the investment firm below likely, bring about the place that be handed in by button to pick a brand thereby. Accordingly, the company needs the partial equity capital in establishing new company OPI to be in debt asset to tear apart go out. In the meantime, they also do not wish to sell these investment asset.
Conan cannot approbate such explanation apparently, he says, american card inspect is met and tear apart entirely without requirement everybody, everybody can pull down completely with cent except SoFi, the asset beyond snowball and golden ax, withhold these 3 the most valuable asset gives appear on the market company. And referenced before case, the requirement that everybody also can meet according to American card inspect, with the appraise of IPO level the value solves capital problem, conan does not believe everybody has time to write the program of 600 pages, do not have time to draft however IPO material.
Same, conan also cannot accept the evaluate of the 500 million dollar that buyer financial group offers, it is in order to contain the asset SoFi with highest Troy exemple, sold last year according to everybody the price when SoFi share share is calculated in April, the value that everybody place holds SoFi odd equity has 559 million dollar -- this is everybody almost the market prise of whole company. He believes the evenhanded appraise value of these asset should exceed 2 billion dollar.
These remaining the way that the a week that the doubtful point of deliberate announces in plan is believed with complaining by hundreds investor handed over American card inspect to meet, the jail of a card that includes to allude in plan of share out bonus meets an official, and the branch that responsible processing complains. In the meantime, the cheap that these material still were sent to send soft silver politics branch. As the large stockholder of everybody, soft silver has everybody 39.5% equity and the voting authority of 42.9% .
Conan did not abandon what be worth for OPI appraise with person support of the people evaluating orgnaization Duff&Phelps (path judge) communicate, he hopes the any in both can show detailed appraise to be worth method and formula. A few bodies begin contact to have in place in the small shareholder of Japan and United States famous spent media, raise more voice, be met in order to cause American card inspect and of soft silver enough take seriously. A few investor of Beijing are located in the office of Beijing winebibber bridge toward everybody before the plan, have negotiation with respect to plan of share out bonus.
Feel the complexity that this thought fors the time being beforehand, conan also begins to try contact the illicit collect fund of equity of everybody of a few hold, in order to seek their help and guidance. Compare these small shareholder, illicit collect fund often has more professional law Wu group and the experience that handle issue. Look in the future, this is an extremely right decision.
DeadlockOn May 8, conan is taking the office that Beijing is in toward everybody before a reporter, one is late the one public relations chief inspector afternoon recieved them. But brief communication and conflict cannot reach any consensus apparently. Evaluate an orgnaization to judge tell Conan, they have specific estimate to be worth a method to the investment capital fund of everybody, but they do not wish to divulge to Conan specific estimate is worth formula.
Send what inspect meets toward American card to complain material to also did not achieve expectant result, the official that responsible processing complains just exhorts investor provides material and evidence more as far as possible, at the same time as far as possible simple -- with the webpage link and picture are given priority to, but the result that he is not willing to divulge complained processing rate of progress planned speed and likelihood appear.
Likewise as difficult as the bargaining of soft silver speech is great, the imagination that the dimensions of this company exceeded Conan -- he discovers soft silver-colored headquarters is not clear about particular case, they hope complainant can write letter to IR branch, IR branch is met a high level that complains correspondence pass on to give a company.
"Soft silver is too big, a fund with respect to 1000 much dollars, the market prise of everybody net just 2 billion dollar, should be investment in combination very special small one part. The feedback of soft later silver is slower and slower also, did not have later again. " Conan says. Meet with American card inspect same, soft silver does not have bisect diamonds case to make known his position clearly first and last, do not know the existence of this thing with the most employee of Conan butt joint even.
On May 14 extremely urgent, but the core part that serves as incident, everybody He Daoheng never also has been responded to to the outside. The investor in Wei Quanqun hopes mostly next working key changes direction to prepare for lawsuit, a few people begin appeal investor numerous plan lawyer charge, or it is to search the lawyer, material that turns everybody net low demesne and circumstance to send famous degree of taller law courtyard, in order to arouse their interest. But of clearly is, as time elapse, the sort of is aroused by the mood passion on these small shareholder bodies has disappeared danger.
"Most begin everybody to feel OK to rely on American card inspect to meet, but procrastinate more and more for a long time, impossible everybody can put major energy on this thing. " an investor that shares this dimension power says. He expresses, consider the share price of everybody is behaved, the small shareholder that major thought fors the time being is gain, the result that should expect from complain solve change direction when engaging in a lawsuit, a few people prepare inevitably to abandon. In fact, the Zhang face loss that the plan of share out bonus that a few investor do not understand everybody can give them how to much bring to be able to anticipate -- it seems that their thought fors the time being more resembling is the profit that realizes his got ineffable enroach on, the instinct that then makes reacts. "In this thing, fighting capacity is the strongest is those have hundreds of only actually 1000 come small shareholder, they just may graduate before long, energy goes pulling the banner, expression that makes Chen Yizhou bag, give judge hit with everybody harass a telephone call. Those are taking instead tens of thousands of, they have their own job, wanting to give others to do the thing. Wanting to give others to do the thing..
Conan feels all of body and mind is exhausted, his appeal in Wei Quanqun and working arrangement more and more get a response hard, these he is not quite affirmatory even participation there was how many person to look to be as long as after all in the investor that thought fors the time being the full text of 600 much pages. In his fund investor, also a few people hope he does not put so much energy on the lawsuit of everybody again.
"I think later, I took their money, was equal to this thing to become my leader, I should give them a result. " Conan says. What such reason makes him made stop a retaining fee is numerous chip, he wants to just lean not quite before oneself and a few friends are busy busy hind, and other people reap where one has not sown, "Farewell crosses a head to look, battle enthusiasm of everybody is less than two weeks of time, two weeks pass, also did not happen with what same, this affirmation is no good. This affirmation is no good..
On May 12, everybody replaced plan of share out bonus suddenly, the biggest change is after be being delayed on the executive date May 14 formerly a month arrives on June 14, this means small shareholder people the many time that gave a month.
Conan guesses, the much media coverage at the beginning of May let everybody feel public opinion pressure, then forced them to make such decision. But he is met to soft silver and American card inspect had not cherished too much hope, dimension authority job is very possible with litigant as a result of, the range that this exceeded his individual ability to be able to control -- the person that major thought fors the time being does not hope to go up the court settles dispute -- this means high cost.
He plans to seek the illicit collect fund of intent of an authority having safeguard, once illicit collect fund is willing to take over lawsuit, his j
