bookpower Chapter 92
Chapter 92
Upon hearing what Ethan just said.
The spokesman's jaw dropped, his eyes bulging out of his head; he couldn't believe what he just heard. The rest of the room erupted in a frenzy of whispers and gasps, everyone staring at Ethan.
Ethan's question hung in the air, a palpable tension filling the room. Everyone's intense stare was still on him, their eyes wide with a mix of shock and disbelief.
Surely the kid was not serious about buying out an entire clothing line just because of what the spoke man just said and what he believes without him doing proper findings.
However the spokesman was still in shock by what he just heard, he was caught off guard by Ethan's bold inquiry, he managed to let out a nervous laugh.
"Well, if you're really interested in the project so much to the point you want to buy it,"
he said, his voice wavering slightly, "the entire project would run you about ten million dollars."
Upon hearing what the spoke man just said One of the other attendees couldn't keep quiet anymore and listened to the nonsense coming out from the spoke man's mouth.
without wasting anymore time he spoke up, his brow furrowed in confusion and anger.
"Is the ten million dollars just for production costs, or does it include advertising, distribution, and everything else?"
At that moment the spokesman's face flushed with embarrassment hearing the question thrown at him, he knows they are targeting him because they see a very small upcoming company.
Compared to the well-established agencies represented by the other spokespeople, his fledgling company's budget seemed like nothing in comparison to others.
with a low voice he said.
"That... that would be for everything,"
He admitted, his eyes downcast.
At that moment Ethan who was calm all along listening to what everyone has been saying cleared his throat, drawing everyone's attention back to him.
"I want to be clear about all of this,"
If the room had been shocked before, now they were absolutely gobsmacked. Ethan was offering to pay nearly double the project's total valuation, just to secure ownership of something that isn't even worth half of his first offer.
without being told they could tell It was a staggering display of financial might, coming from someone who looked like he'd just raided the trash box for used clothes.
At that moment the spokesman's hands started shaking slightly; he still couldn't believe what he was hearing, so he then excused himself to make the calls to the other shareholders.
The room buzzed with hushed conversations as he stepped out, everyone speculating on what the investors' reactions would be.
Fifteen minutes later, the spokesman returned, his face a mask of disbelief.
"They... they all agreed,"
he said, his voice barely above a whisper.
the words they said to the spoke man was still ringing in his head.
They said they never expected to see profits like this, not with all the rejections they've faced from potential retailers and investors so they give him the go ahead to sell.
with a more low voice he continues "They said they are sending over their secretaries with the paperwork as we speak."
Ethan couldn't help but just smile turned sly, a glimmer of satisfaction in his eyes.
"And can I have the current breakdown of ownership?"
he asked, his tone casual.
The spokesman immediately swallowed hard.
"Thirty percent, thirty-five percent, and thirty-three percent for the three main investors. And two percent for myself."
Ethan nodded, as if he'd expected as much. Then, with a satisfied look on his face he then faced the man, and said.
"And would you be willing to sell your two percent stake... for ten million dollars?"