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Chapter 31 Listed Companies Picked Out

Feng Yiping suddenly made a random couple, making the atmosphere of the dinner not very harmonious. Of course, Feng Yiping didn't care much about this matter, and Emilia no longer strongly recommended herself, which was very good.

It's Nelson Chen. He was not very natural when eating and was a little afraid to look at Emilia. Hey, this guy, isn't he really interested in her?

Of course, it is normal to have such an idea.

Although they have a low position in the law firm, their income is really good, with an annual salary of more than 100,000 US dollars. They have the conditions and abilities to satisfy themselves to pursue what they like.

"I may have played a guest appearance as a matchmaker today," he couldn't help but mention it himself after returning home in the evening.

Huang Jingping was walking over with a glass of water. He listened to him, and stopped in place without asking what was going on, and then laughed so hard that his branches trembled, "Hahaha,"

"Water, be careful of water," Feng Yiping could guess what scene she was thinking about.

Sure enough, Huang Jingping touched his face, "Do you want to apply blush on your face? Let's take another mole? Yes, I have to hold a pipe,"

This is just a matter of those screenwriters who are not original, who have followed this setting in many film and television dramas. When they mention the matchmaker, such a classic image appears in everyone's mind.

Feng Yiping also laughed, groping in the crack of the sofa, yo, it really is, "You must have done this," he said, looking at a 5-cent coin in his hand.

"I don't," Huang Jingping cried out.

With a little guy like Amanda, she looks very close to these things and usually doesn't place them on the sofa where Amanda can also touch them. Otherwise, she might just take them and play with them and swallow them in her stomach.

"Okay, not you, maybe Leticia,"

"It's not me anyway," it may be her.

"Why do I think you are denying it?" Feng Yiping asked as she looked at her unnatural face.

"This is how Merbuck got the revelation?" She also learned to change the subject.

"No, he didn't think of this idea when he picked up coins on his sofa. He was working part-time at university to clean the student apartment,"

The Mobuck they are talking about is the founder of the company that Feng Yiping is now preparing to acquire.

Excluding some artistic processing in some stories, there are indeed some people who are more sensitive than most people.

For example, if we were sitting under an apple tree and being hit on our heads by an apple, and after cursing, we would probably have to pick a few more to eat in order to understand the hatred, but Newton was inspired by this and discovered gravity.

The same goes for Merbuck.

That year, Feng Yiping was still climbing the stork tower in the third grade of elementary school. When he was writing dictation, he wrote the "Yu" in the middle of "Huang" into "Tian". He was hit by the fourth uncle who was teaching Chinese classes in school with a bamboo board. Merbuck was already a freshman at Stanford University at that time.

The family conditions of Mobuck are not very good. Both parents are small employees and their income is not high. The key is that we have not learned how to do family planning work. There are too many children, so we are under great pressure.

In order to relieve the pressure on parents, the hardworking and filial Merbuck used his spare time to contract the work of cleaning the student apartment.

When he first cleaned the student apartment, he swept out many dusty coins at the foot of the wall, the slits of the sofa, and under the student bed. These coins were 1 cent, 2 cents and 5 cents, and were found in each student apartment.

Many children in our country grew up singing the nursery rhyme "I picked up a penny on the side of the road and handed it over to the police uncle," so they knew they had been a child that they had been honest.

I don’t know if there are similar children’s songs in the United States. Anyway, Merbuck did the same. He sorted out the coins and returned them to the possible owners, but it may be related to most of the students at Stanford University, who have good grades and good family conditions. None of the classmates showed any enthusiasm: "A handful of coins are put in a wallet, and they can’t buy much, and it’s troublesome. Some of these are deliberately thrown away."

The owners didn't care, and Merbuck was not pedantic. He didn't hand over the money to the school or go to the police uncle, but did more energy.

After the first month, he counted the coins he picked up, but even he was surprised: it was as much as $500! This made him overjoyed.

You know, at that time, the per capita disposable income in the United States was less than $17,000. His extra income this month exceeded half of his father's income, and it was much more pocket money than those students from Stanford who could get from their families every month.

Let’s compare it vertically with the country. At that time, the average annual salary income in the capital was about 2,100, which is still high in China.

Just based on the exchange rate listed by the country at that time, 3.765, and without considering the actual purchasing ability, Merbuck's additional income from working part-time in one month is equivalent to the income of most full-time workers in China for one year.

Anyway, the more than 500 US dollars that time was not a small amount of money.

These coins picked up for free not only solved the urgent need for tuition fees, but also greatly improved his quality of life.

However, Americans' way of thinking is different from ours.

If it were Feng Yiping, he would definitely not make a statement and would continue to do this promising part-time work and study hard, but Mobuck decided to report the fact that people do not pay attention to coins to relevant national departments.

He wrote letters to the Federal Reserve and the Treasury Department respectively, suggesting that they should pay attention to the situation of small coins being thrown away in vain.

The Ministry of Finance’s reply arrived soon and told the poor college student: “As you have reported, the country has $31 billion in coins circulating in the market every year, but $10.5 billion is thrown at the bottom of the wall and elsewhere. Although people have repeatedly called on people to cherish coins, the results have been very little. The coins entering garbage incinerators in various places every year are as high as hundreds of millions of dollars, and we can’t do anything about this.”

Such a reply allowed Merbuck to see potential huge business opportunities. Money is money after all, and no one will waste it in vain. The question is, how to solve this problem? He then had the idea of ​​opening a gap in it and starting a career.

In 1991, after graduating from college, he did not go around looking for jobs like other classmates, but instead established a "Coin Star" company to address the business opportunity he discovered and launched an automatic coin exchange machine.

His customized automatic exchange machine is usually set up at the supermarket entrance, which is simple and interesting to use. If you pour coins into the machine directly, the machine will accurately calculate, sort, and package it at a rate of 600 coins per minute, and then spit out a receipt. With this receipt, you can collect cash at the supermarket service desk. The automatic exchange machine charges about 9.8% of the handling fee, and the profits earned by the company and the supermarket are divided into proportion.

Since its opening, Merbuck's "Coin Star" business has been extremely popular. By 1996, less than five years after its opening, "Coin Star" company has set up 11,800 automatic coin exchange machines in 8,900 large supermarkets across the United States. In another two years, the poor boy Merbuck of that year has transformed himself into the chairman of a Nasdaq listed company.

Currently, the total share capital of Coin Star is more than 25.6 million shares, the stock price is less than US$14, and the total market value is less than US$400 million. In the first quarter of 2003, the adjusted surplus is still less than US$2 million, and the performance is not very good.

The investigation report of the consulting company pointed out that the main reason is that although most Americans know about Coin Star’s services, in the end, less than 20% of people will use their services because the fees are too high.

Many residents say, "If you exchange money for money, you have to pay a nearly 10% handling fee? No, we won't do that!"

Feng Yiping understands this very well. When you throw coins everywhere, it doesn’t matter. However, when you gather these coins and take a large box to exchange them at the exchange machine, you find that you have to give him one for every 10 10 cent coins you stuffed in. Everyone will feel heartbroken!

The reason why Feng Yiping received the consent of all members of the board of directors, including Merbuck, was because he proposed a series of solutions that could solve this problem.

…………

"You said, what would you do if you swept out more than 500 yuan from the student apartment like Merbuck?" Huang Jingping asked.

"I guess I will have a good relationship with the school logistics department, and take on the work of cleaning all the student apartments by myself, and then recruit a few people to work together. I will take the big head."

"Ah?" Huang Jingping was a little disappointed, "Don't you think about opening such a company like him?"

"Girl, you have to consider the national conditions of our country. Just kidding. Anyone can do business involving money? If you want to open a company like Coin Star in China, the difficulty of approval will not be lower than getting a car birth certificate."

"Also, do you want to charge nearly 10% of the service fee? Not to mention comparing with banks, it is more rewarding than some usury loans. It is definitely illegal to operate and lock you up every minute."

"Oh!" Huang Jingping was a little depressed. After being with Feng Yiping for a long time, she was also infected with some of Feng Yiping's habits and wanted to copy this model to China.

"You don't know what kind of person I am? Don't be upset, you see, this acquisition will definitely bring great benefits!" (To be continued.)

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