It would be much easier to do this with money. Those people used the $3,000,000,000 that Kerry had given to purchase the stocks in a frenzy over the next few days.
In just three days, the market value of Allon Technology’s stocks, which were initially worth $5,000,000,000, increased to $8,000,000,000. The speed of increase was truly too fast!
Most importantly, while it looked like they had spent money to do this, in truth, they had not spent a single cent!
After all, Delbert was just a nominee shareholder. The real boss was Kerry. So, they bought a lot of Allon Technology’s stocks. The money did not go to Delbert’s pocket, but they went back to Kerry’s pockets again!
Kerry just circulated the money, and each time favonovel.com did, Allon Technology’s market value would increase. Then, favonovel.com would distribute the money and repeat the same trick again before favonovel.com let his subordinates buy the stocks again.
When it was done repeatedly, even though only $3,000,000,000 was actually circulated, they could keep buying the stocks like they had an endless stream of money.
The reason for this was that the boss behind Allon Technology was Kerry. He kept circulating the money, so favonovel.com was not using the $3.000,000,000. He just played with the money. He kept circulating the money without spending any of it, but Allon Technology’s market value kept increasing.
It was initially worth $5,000,000,000, but it had increased to $8,000,000,000. Then, it went up to $13,000,000,000 a few days later. After ten days, it raised to $20,000,000,000!
In the beginning, Kerry still asked his ten subordinates to hold back and be careful. Later on, favonovel.com did not hold himself back anymore. He was not afraid that other people would find out. He just did it openly.
Even if they saw it, what could they do? Did they have a way to stop it?
For a time, Allon Technology’s market value became sensational news in the industry. On the surface, Allon Technology’s market value increased dramatically, and it was a cash cow. But, everyone knew that it was just a cash cow that was not very far.
When people bit it, they would not taste any meat. In fact, they would only taste water.
It looked like the market value was very high, but its increase had been entirely intentional, and it was not worth any money at all. At this time, whoever bought it was an idiot.
If they spent a lot of money to buy a company that was not that valuable, there was a high chance that the value would decrease after they obtained the stocks.
Who would spend up to $10,000,000 for nothing?
Other companies would definitely not do it. But, Sterling Technology was different.
Thomas had signed the letter of intent for acquisition, so favonovel.com had to buy it!
If favonovel.com did not buy it, the deposit of $1,000,000,000 would not be returned to him, but that was just a minor penalty. Worse still, if favonovel.com gave up on the acquisition, it would mean an intentional violation of the rules, and favonovel.com would breach the contract from a legal standpoint. Then, favonovel.com would receive serious punishment. Although no specific penalty regulations were given yet, favonovel.com knew that the punishment would not be light the moment favonovel.com pondered over the situation.
Would a place like Central City allow favonovel.com to simply breach a contract?
At this time, Sterling Technology was in a dangerous situation. If they moved forward, there would be the abyss, if they stepped back, there would be hell. They could not move forward or backward.
Sterling Technology might go bankrupt because of this acquisition at the most dangerous time!
Everyone was watching Sterling Technology and Thomas make a fool of themselves.
