Chapter 426
Lauren explained, “But according to corporate bylaws, shareholders with higher stakes have more authority and priority than you. Since Michael is both CEO and has more shares than you, he technically can take legal action.”
“I see,” Andrew nodded. “So if I had more shares than Michael and Mr. Hills, I could overrule them?”
“That’s true, but even if we combined our shares, we still wouldn’t match them,” Lauren replied. “This is getting complicated–maybe we should call Mr. Yates for help.”
Andrew appreciated Lauren’s suggestion but smiled slightly. “No need for that. If it’s just about having more shares than these two, I can simply buy more right now.”
Lauren’s beautiful face showed confusion, while Eunice scoffed. “Andrew, stop pretending. You want to buy more shares? Michael and Mr. Hills together own 20% percent, which is worth about three billion dollars. Do you think this is like shopping at a grocery store?”
Marcus could not stay silent anymore and moved next to Andrew. “Even if you could raise a few million, that would only get you a fraction of 1%. Even 3% percent would cost you half a billion dollars!”
He thought Andrew would be shocked, but the latter was unfazed.
me
Andrew smiled and replied, “Mr. Chapman, 3% wouldn’t give me an advantage. I’ll need at least 30% to overrule their combined 20%.”
“Didn’t you hear what I just said?” Marcus asked desperately. “Just a few percent costs half a billion. Do you realize what 30% means?”
“What’s the big deal? It’s only about five billion dollars–not that much,” Andrew replied with a smile.
Marcus nearly choked. How could five billion dollars not be much? Even as a deputy chief at Jayrodale General Hospital with a high income, the idea of investing five billion dollars in Rhodes Corporation shares seemed like an impossible dream.
Nonetheless, Andrew kept things simple. He took out his phone, found Rhodes Corporation’s stock trading portal, and made a few quick transactions.
Suddenly, an alert appeared in Rhodes Corporation’s stock trading data center.
[Shareholder Mr. Andrew Lloyd has purchased the company’s shares for five billion dollars. Mr. Lloyd is now the fifth major shareholder, holding 35% of corporate shares.]
The news hit the executive room like a thunderbolt. Everyone, including Lauren, stared at Andrew in complete disbelief.
