My American magical life
Chapter 540 - 540 89 15 Billion She's Worth It!

540: Chapter 89: 1.5 Billion, She’s Worth It!

540: Chapter 89: 1.5 Billion, She’s Worth It!

December at Lake Okeechobee exuded a silent desolation, yet the atmosphere on the yacht was anything but bleak.

Today, Mi’er invited people who all belonged to a circle of inheritors, a group that seldom gathered.

For instance, Gio, who usually stayed in South Africa, might only return to America a few times a year.

And like Mi’er’s brother Achilles, there were also those who often traveled abroad for business or vacations.

Although not very acquainted with each other, everyone was quite happy when gathered, especially since Mi’er’s OC would give them a piece of cake.

“Chan, come, sit next to me.”

Achilles was someone even Cheng Daqi couldn’t fathom, and unexpectedly, he did not call his own sister but instead called out to CEO Cheng.

After the previous exchanges, Cheng Daqi had already gotten the gist of it.

Achilles had informants around Mi’er and knew a lot about him and Mi’er’s affairs.

But in reality, both he and Mi’er were very cautious about genuinely important matters, so, Achilles was also in the dark about a lot.

When navigating the social waters, keeping one’s lips sealed was crucial.

“Mr.

Achilles, have you been to Lake Okeechobee before?”

Mi’er was busy passing out information to potential investors, and CEO Cheng didn’t pay much attention, cautiously responding to Achilles.

The man towered at two meters tall, with a very robust physique, such that even while sitting, he was half a head taller than CEO Cheng.

He took wine from a server and actually passed it to Cheng Daqi first.

“I haven’t been here before, the scenery is nice, and the bass is well-known, it’s a great spot for fishing.”

Accepting the wine passed by Achilles, CEO Cheng replied with a bitter smile.

“I fished for half an hour yesterday and had a bite, but I was a bit careless, reeling in too quickly and let the fish get away.”

Whatever you want to talk about, Mr.

Achilles, I can banter with the best of them.

Mi’er’s big brother was a tough nut to crack, his visit today boded ill, but in front of everyone, he behaved very ‘considerate’, turning the situation into a fine art.

CEO Cheng understood why he was dragged into pretending jubilant acquaintance, but he also believed that Mi’er wouldn’t be misled by such trivial tricks.

“Ha, there should be fishing rods on a boat like this, we can fish together later.”

As Achilles said this, he even nodded toward Gio.

“Gio, Chan and I plan to fish later, care to join us?”

The tender-hearted gentleman was surprised to be invited by Achilles and responded with a smile of delight.

“My goodness, sure, let’s fish together.”

The guy had a magnetic voice, and maybe because he was a bit excited, his pitch rose a bit in response.

The others on the boat got goosebumps from his loud voice, but Achilles seemed unfazed.

“The bass at Lake Okeechobee are well-known, Mi’er, your choice of location is good.”

With grand talk and calling over friends, pointing here and there, Achilles assumed the role of host, treating the event that Mi’er had organized as his own home ground.

Cheng Daqi realized something was amiss, if Achilles kept up his hostess stance, he’d fully have the power and reason to mess up Mi’er’s plans later.

“Sure, but let’s start by talking about the financing first, after all, that’s the main event today, so everyone take a look at the material I’ve distributed.”

The wealthy brunette seemed in sync with CEO Cheng, choosing to start on official business directly to prevent Achilles from gaining more limelight.

“Mi’er, are you serious?

A valuation of 1.5 billion, is your OC moving into the internet or high-tech sector?”

Gio’s question voiced the doubts of many present.

OC currently isn’t short on cash flow, but it’s ultimately a mid-size company in a traditional industry, with a clear ceiling to its potential.

Even if OC were to go public in the future, its market valuation might only be around 3-4 billion dollars.

A market value of 3-4 billion doesn’t mean it’s truly worth that, but if one were to raise funds at a 1.5 billion valuation, today’s attendees would have to pay based on a 1.5 billion worth—OC really isn’t worth that.

The competition in the traditional industry and room for market growth are actually fixed; no matter how much OC advances, its potential is just so.

That’s why Gio asked such a question, as the internet and high-tech are the most cash-burning and imaginative models.

Seeing Gio’s skeptical gaze turn toward him, Achilles merely smiled, with no intention of speaking up to clarify for his sister.

“Definitely not, I’ll briefly explain the current competitive landscape that OC faces.”

Her assistant set up the whiteboard for her, and she began explaining directly with the marker in her hand.

It wasn’t that today’s presentation was hasty, but rather Mi’er and the attendees had a mutual trust already established.

Everyone was from the same circle, and there was no need for PPT sleight of hand, just straightforward talk.

“In more professional terms, the perfume industry should be called the fragrances and flavors market, and OC is a small player in this market that has just touched the threshold of the top players.

Currently, there are about a dozen leading companies in the perfume industry, including outstanding ones from countries like France, America, Japan, Brazil, and their collective share is roughly 47 percent.

OC ranks around twentieth, but my specific target is to increase OC’s revenue to 20 billion dollars within three years.

The problem is, the global market size for the perfume industry is only around 50 billion, corresponding to 10 percent of the 500 billion cosmetic industry scale.

Meaning, if OC focuses only on the fragrance and perfume sector, 20 billion dollars would equate to about 4 percent of the industry share.”