Thinking of this, Principal Wang also shook his head helplessly.
"There's nothing we can do. Now Panda TV is struggling to come up with 20 million, let alone 45 million. That's just impossible."
Hearing this, Li Zhun couldn't help but say, "Why not increase your stake and put some more money in? Are you saying you can't spare that amount?"
Principal Wang shook his head again.
"It's not that simple. I'm currently holding 40% of Panda, and even the management rights are almost gone. The capital that entered later won't agree to me increasing my stake unilaterally.
If it were just that, it wouldn't be an issue. We could invest together, but these bastards don't want to spend any money. They only want to start a B+ round of financing. Now, Panda is already in a dead end. Internally it's impossible to fund development, and externally no one is optimistic about it. At this rate, Panda will declare bankruptcy sooner or later."
