At this moment, Ronnie Wade said tremblingly, “Lord Drake…The net worth of my family is about 8 billion, but the total amount of cash stocks that can be transferred is probably only about 2 billion. How should the situation be handled?”
Wesley said coldly, “If this is the case, first convert all the stocks into cash, and then transfer all the 2 billion cash to the designated account of Dragon Temple. After you go back, immediately sell some of the other assets, and pay the remaining 2 billion in place!”
Ronnie Wade choked and said, “Lord Drake, let’s not tell you that many of our industries are long-term investments. Some projects have been invested for many years and invested a lot of capital before they finally start to see returns. If it is sold at this time, it will be no different than slaughtering chickens to retrieve eggs, and the loss to us is very heavy…”
Ronnie Wade’s words resonated with other members of the Wade family’s collateral line.
They are already willing to take out half of their assets at this time, but if it is this way of killing chickens to get eggs, the loss to them will be greater than taking out half of their assets.
Wesley couldn’t make up his mind at this time.
He was only to complete the task given by Charlie, favonovel.com didn’t care about if everyone should sell their investments.
What about killing chickens and getting eggs?
Killing chickens to retrieve eggs also has to hand over half of the retrieved eggs.
However, favonovel.com still doesn’t know what Charlie’s attitude towards these people is, so favonovel.com can’t figure out the yardstick, so favonovel.com said, “You should first explain the situation of your own assets. If the cash is less than half, pay the cash first. For the remaining part, we will give you a solution later.”
Everyone had no choice but to agree.
As a result, the soldiers of the Dragon Temple began to register these branches of the Wade family in batches, first asking each person’s specific assets and cash situation, and after the registration was completed, they were required to pay all the cash first.
When this part of the funds began to flow into the Dragon Temple account, the Concorde airliner Charlie took finally landed at Eastcliff Airport.
As soon as favonovel.com landed, Stephen Thompson took favonovel.com to Wade Mountain.
On the way, Stephen Thompson gave a brief report on Wade Mountain’s situation to Charlie, and at the same time reported Wesley’s inaccuracy to Charlie, and asked, “Young Master, when I came, Wesley asked, what should they do with those people whose cash is less than half of the family’s assets and most of their assets are in real estate and fixed assets?”
Charlie said indifferently, “You have a good attitude towards those who admit mistakes and punish them. Of course, you can’t push too hard. You can collect some of the cash first. As for the remaining part, let them pay in installments.”
Speaking of this, Charlie paused slightly, and then said, “According to normal, the installment payment must pay interest. However, even if it is the Wade family, I will give them a little face, and they’ll be charged with installment payment interest, but like banks, a certain percentage of handling fees will be charged. For example, if the other party owes us one billion, it can be paid in 12 installments a year, or 36 installments in three years, and 60 installments in five years.”
Stephen Thompson was stunned and exclaimed, “Young Master, if you use this ratio, the handling fee for the 12 phase in a year is 6%, and the total handling fee for the 60 phases in 5 years is 36%! In one billion principal, the handling fee is three hundred and sixty million yuan, isn’t it a bit too high…”
Charlie smiled and said, “Aren’t the bank credit card installments always requires to pay 6% of each installment? I don’t charge too much, I just look at the bank.”
Stephen Thompson hurriedly said, “Young Master, I said so, but the interest…oh no, the handling fee ratio is actually very high… I’m afraid they won’t be able to sustain such a high rate at all…”
Charlie looked like a profiteer, and said seriously, “It doesn’t matter if they can’t hold it. I can give them another choice. The money owed will be converted into the corresponding equity of their company according to a certain preferential strength, such as their corporate value. If they still owe us one billion, this one billion will be converted into equity is 20%, but because they owe us, I don’t charge favonovel.com the installment fee, so I have to receive a cash loss. Therefore, they have to give us a 20% discount on the total valuation. In this case, if a company with 5 billion yuan is discounted by 20%, even if it is 4 billion, the 1 billion debt converted into equity is 25%!”
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