America 1919-Chapter 732 - : 251. Remove the firewood from under the pot_3
Chapter 732: 251. Remove the firewood from under the pot_3
Purcollen stubbornly said.
“Why not?” Donnie laughed as he spoke, “Have you two forgotten? Not only do I have a private liquor business, but I also own Surf Hotel. While Surf Hotel’s cash reserves may not be as large as the private liquor’s, given that Surf Hotel has many other shareholders, it’s already enough to cover the cash needed for my other business ventures.
What’s most important is…”
At this point, Donnie intentionally paused, drawing their full attention to himself.
“I do indeed have numerous assets, but these have either entered their stride, such as ABC and Pandora Oil, which can already create more wealth for me, or they’re in progress yet easier to deal with since I’ve established dedicated funding accounts for them, with cash enough to keep them operational!”
Damn it!
...
Hearing Donnie’s words, both Lori Walton and Purcollen couldn’t help but curse inwardly!
At this time, they felt they were not competing with a normal businessman, but with God’s illegitimate child.
In an environment where a few million US dollars is a massive cash pool, Donnie Block could actually prepare dozens of times that amount.
How is anyone else supposed to compete?
Doesn’t anyone control this situation?
“Gentlemen!” Seeing the two were somewhat swayed, Donnie continued to cast out his bait, “The funds to acquire your shares in A&P can be funneled professionally through Surf Hotel to your funds!”
Hearing Donnie say this, Lori Walton and Purcollen became somewhat uneasy.
Such a move, seemingly superfluous, could help them avoid a high transaction tax!
Although Harding’s rise to power introduced many favorable policies for American tycoons, the IRS still hung over their heads like a sword.
But Donnie’s recent proposal could help them avoid this high tax liability!
It’s like how Cook would sell part of his Apple Inc. stocks each year; many people, seeing Cook sell Apple shares, like to analyze whether Cook is pessimistic about Apple’s future, but in fact…
Cook has stock options issued by Apple Inc., and when they mature, he needs to cash in about half to pay taxes, keeping the other half.
Tax!
That’s the most important.
Now, Donnie’s method of transaction allows them to avoid high taxes, essentially giving them more funds, making the deal seem worthwhile.
“Such a large sum of money changing hands, the IRS will definitely be suspicious!”
Lori Walton, already tempted, blurted out.
Donnie smiled, saying, “You can rest assured about that. For you, this is a large sum of cash, but for me, it is just one transaction among many, so I wouldn’t let it affect my whole business!”
Of course, Donnie would not reveal his relationship with the IRS to them now!
But such an explanation was enough to tempt them. After all, what Donnie said made sense, the transaction involved responsibilities on both sides, and if it was a burden for them, it was the same for Donnie.
“I still believe that A&P’s stock price will rise!”
Purcollen watched Donnie with greedy eyes.
Old fox!
Donnie, keeping a straight face, smiled and said, “I believe it too, but that will be after the outside world learns that I’ve bought into A&P. If you two don’t agree to sell your A&P shares, then there’s no question of Apollo Chain investing in A&P, and we’ll just have to keep fighting. I’m confident that Apollo Chain has enough cash to sustain us to the ultimate victory.
“But, A&P will definitely fall into difficulty because of this battle—their suppliers’ payments, bank loans, employees’ wages, they could all become the last straw for A&P. By then, how much value will your A&P shares still hold, do you think? I reckon I don’t need to spell it out for you.”
“Don’t tell me you just want to buy our A&P shares, Donnie. I don’t believe you haven’t contacted others?”
Lori Walton said.
Donnie waved his hands, “If too many people are contacted about this, it would only make things more complicated. So, you’re the only ones I’ve approached. If you refuse, then the promotional war between our two companies will continue until A&P can no longer hold on. When Apollo Chain enters then, I believe the price we’ll pay won’t be higher than now!”
Lori Walton and Purcollen raised their eyebrows; they understood Donnie’s meaning.
This truly was a formidable opponent; Donnie Block had anticipated all their outcomes, and now, for them, the options were quite limited.
They could either agree to Donnie’s terms now or later sell their A&P shares at a much lower price.
They had never considered going down with A&P. They were just shareholders, and to be frank, A&P was their child… at most an adopted one.
They had their own true heirs to care for!
After thinking it all through, in the end, they decided to accept Donnie’s offer!
“Donnie, congratulations, from today onwards, you are the largest retailer in the United States!” Lori Walton maintained a smile as he spoke to Donnie.
This content is taken from fгeewebnovёl.com.
It was certain that Donnie’s future achievements would be immeasurable, and given that, there was no need for them to fall out with Donnie over this matter. Instead, it was better to maintain a good relationship with Donnie.
Who knows if there would be opportunities for collaboration in the future!
Donnie laughed and said, “Thank you, gentlemen. Without your support, I could not have made it this far!”
