Extraordinary Genius - Chapter 743
Chapter 743 – Are you all regretting now?
“President Kameda, oh sorry. I should address you as Chairman Kameda now. Chairman Kameda, no sex toys company have been listed before. Today, you announced that the Sixth Sense Company will be listed on Nasdaq 3 days later. Is this true?” A reported raised a microphone and asked.
A group of reporters had surrounded Kameda Masao at the entrance of the Sixth Sense Company. All of them wanted to interview him.
“This is true. You can still call me President Kameda. After all, I am still the President of the Sixth Sense Kabushiki Kaisha.” Kameda Masao was smiling happily in front of the reporters.
When Feng Yu asked him to be the Sixth Sense Company’s President, he was overjoyed. He worked hard to transform the previous Black Dragon brand to a newer Sixth Sense brand. The popularity of this new brand had increased tremendously.
After that, Kameda Masao saw a lot of companies getting listed even when they were not making profits. After those companies were listed, their market value increased.
Getting listed was also an excellent way to promote the company and brand. The company could also raise funds from the public for further development. So, Kameda Masao went to look for Feng Yu to get his opinions for the listing of the Sixth Sense Company.
Feng Yu agreed and offered some suggestions like getting the company listed on the Nasdaq instead of Tokyo.
Kameda Masao faced some difficulties with the application. But in the end, he managed to get the approvals with the company’s good results and financial reports.
What Kameda Masao did not expect was Feng Yu asking him to be the Sixth Sense Company’s Chairman. He felt Feng Yu really trusted him!
Kameda Masao had never seen or heard any major shareholder in Japan not wanting to be the Chairman and offered this position to others. Feng Yu was the first person that did this.
Kameda Masao was grateful to Feng Yu. If he did not meet Feng Yu, he would not be so successful now. He would also not be able to re-establish the Kameda family!
The Kameda family might not be a top-tier family in Japan, does not have strong foundations nor any influence in politics. But the Kameda Family is no longer a weak family, where anyone can step all over them. At least in their province, the Kameda family had become a respectable family!
Kameda Masao had appeared in the papers and TV often. Many people called him the king of the sex toy industry and even the king of the porn industry. But Kamesa Masao does not care. He was now a respectable man in the upper class!
Feng Yu agreed with Kameda Masao when the latter suggested to let the company’s employees purchase the company’s shares. Feng Yu did not even ask about the details and told him to do whatever he wants.
Kameda Masao felt he was lucky to meet a boss who trusted him this much.
“Chairman Kameda, how much are the shares and how many shares will be issued?” A reporter asked.
“We will be issuing 30% of the company’s shares, which is 30 million shares. The IPO price is 10 USD per share.” Kameda Masao replied.
Very soon, someone calculated the figures. Kameda Masao was saying that the Sixth Sense, a sex toy manufacturer company was worth 1 billion USD?
What a joke! How can a company with a few hundred million USD of debts be worth so much?
“President Kameda, is the IPO price set too high? I heard that your company’s total assets were not so high. Are you setting a premium price for the shares?”
Kameda Masao glanced at that report. Are you an idiot? Which company does not issue their shares at premium prices? Are you telling me that I should sell a 10 USD share at 5 USD? Is there anything wrong with your brains?
Kameda Masao did not answer that question.
The other reporters immediately pushed that idiot report to the back. Someone asked: “Chairman Kameda, why did you choose to get your company listed in Nasdaq and not Toyko? Our country is very open, and your company’s products are extremely popular here. Many people here want to buy your company’s shares. But you chose to get listed in the US. Is there a reason for this?”
Kameda Masao looked at that reporter. “There are a lot of Japanese companies which were listed on Nasdaq. Have you asked them about the reasons?”
“I am not sure about them, and I do not want to know. I am only asking on behalf of Japanese. Why you did not get your company listed in Tokyo?” The reporter replied.
“Fine. I will tell you my reasons. I had applied to be listed on the Tokyo Stock Exchange first. But my application was rejected. The reason given by them was that my company is not profitable, and the number of shareholders is too little. So, I submit my application to Nasdaq. Although I did not get the approval immediately, they still kept in touch with me.”
“The second reason is about funding. Getting listed is to raise fund for the growth of the company. Our company will definitely choose a more prosperous market. Our Tokyo financial market was formerly the world’s number one financial market. But since the market crash a few years ago, we have not recovered. There are no companies like The Sixth Sense Company got listed before. That’s why I prefer a more prosperous market to be safe. There are more investors in the US.”
“Also, the Sixth Sense Company will use the Americans’ money to develop, and then we will earn their money. Isn’t this a good thing?”
“Chairman Kameda, there are rumors that you are not the biggest shareholder of the company. Is this true?” A reporter squeezed to the front and asked.
“The Sixth Sense Company belongs to all our workers. Does it matter who the biggest shareholder is? I am also the President of the company, and I will continue to lead the company like before.” Kameda Masao did not answer that question directly. Feng Yu had instructed Kameda Masao not to mention anything about him.
“Ok. Let’s stop for today. I still need to catch my flight. The company is getting listed in the US. Even when my staffs are there to do the preparations, but I can’t be arriving there on the day of listing, right? Please excuse me. I don’t want the other passengers to wait for me.”
Two bodyguards opened up a path in between the reporters and escorted Kameda Masao to a waiting car. The reporters saw Kameda Masao had left and they immediately rush back to publish this news.
This was the world’s first sex toy manufacturer company to be listed. It was still a Japanese company. This company had made the whole country proud.
On the way to the airport, Kameda Masao never stops smiling. He had never been surrounded by so many reporters before in his life.
Kameda Masao and the Sixth Sense Company will be on the headlines of all media in Japan for the next few days!
Kameda Masao was feeling proud of the listing of the Sixth Sense Company. Those that looked down on him and those that refused to invest in his company. Are you all regretting now?
Translator’s notes: I am curious how Feng Yu’s father would react when he knows his son has such a successful company making sex toys.