Chapter 426
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 ? Thats true , but even if we combined our shares , we still wouldnt match them , Lauren replied .
This is getting complicated maybe we should call Mr.
Yates for help .
Andrew appreciated Laurens suggestion but smiled slightly .
No need for that .
If its just about having more shares than these two , I can simply buy more right now .
Laurens 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 % wouldnt give me an advantage .
Ill need at least 30 % to overrule their combined 20 % .
Didnt you hear what I just said ? Marcus asked desperately .
Just a few percent costs half a billion .
Do you realize what 30 % means ? Whats the big deal ? Its 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 Corporations stock trading portal , and made a few quick transactions .
Suddenly , an alert appeared in Rhodes Corporations stock trading data center .
[ Shareholder Mr.
Andrew Lloyd has purchased the companys 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 .