Super Spender-Chapter 574 - 568: Still So Awesome (Part 1)
Chapter 574: Chapter 568: Still So Awesome (Part 1)
However, now, the Covant Family could bring out more assets than what Mr. M had, and more crucially, the assets that Mr. M provided had a high market value, but it was merely a technology company. In contrast, the companies under the Covant family were all heavy industry and pharmaceutical enterprises and other physical businesses. It could be said that their market value had less fluff compared to the technology company.
These assets are indeed of great significance to Finn Lewis. After pondering for a moment, Finn opened his mouth and said, “Mrs. Johanna, I can agree to this, but if you want to exchange these assets for shares in Virtual World, I am sorry, but I can only give you 4. This ratio is already considerably high by Finn’s standards. Others might not understand what his Virtual World Corporation represents, but Finn certainly does.”
“Mr. Lewis, isn’t that a bit too greedy of you? So many assets of ours just for 4% of Virtual World Corporation’s stock, and if we’re not mistaken, you, Mr. Lewis, have many other businesses under your name that are not part of this company.” Evans Sutherland from the Covant family couldn’t help but to retort.
Finn glanced at her, and then chuckled, “Miss Sutherland, to be honest, if all the industries under my name were taken into consideration, your assets wouldn’t even account for 0.4% of shares. At most, I will give you two-thousandths. This is a concession I am offering to you. You can’t refute because you don’t know what the industries under my name signify, but I certainly do.”
To tell the truth, the wealth of the Covant family had genuinely taken Finn by surprise. It appears that this world is full of riches; just the part of their industry that the Covant Family was bringing out to exchange for shares was estimated to be worth around 150 billion South Federation currency. This didn’t yet account for their castles, cars, private savings, etc. Just the market value of the shares of these companies they owned was worth so much.
Furthermore, the fact is that there is no shortage of wealthy people in this world. Sutherland had been rendered speechless by Finn’s words. 150 billion of South Federation Currency accounted for 4% of shares, and this is just a part of Finn’s wealth. If this rate is used to compute, then isn’t the total value of Virtual World going to surpass 37000 billion South Federation currency? What a joke! The market values of many companies under Virtual World Corporation are indeed high. Still, their profit percentages are not so high.
Many companies have their market value high, but there isn’t much profit, income, or dividends, as these are still investments. 37000 billion South Federation currency, equivalent to 30000 trillion R in market value, seems extravagant. Finn knew that it wasn’t an exaggeration at all. The market value evaluation of just one of his industries in Inner Mongolia was enormous, let alone comenting on others. Presently, what Finn owns isn’t as exaggerated as 30000 trillion R, but what about the future?
The atmosphere in the room fell silent for a while. Everyone’s faces wore looks of disbelief, while Finn remained calm. He knew his advantages. Whether they wanted to exchange or not was their business. As a matter of fact, if they didn’t want to exchange, it would be better. However, if they did agree to the exchange, Finn would also benefit as he would have ample resources to integrate. Once these resources were integrated, it would mean that the speed of expanding any industry would significantly increase.
The Travis Family and the Morgan Financial Group of the North Federation bear control of all the wealth. Do you seriously think that till now, the Travis Family and Morgan family can control the entire financial group? These two families are just the representative families of their respective financial groups, and they probably don’t even hold more than 10% of the entire group’s shares. This entire set up is a vast interest group, so that is why Finn is considering offering them part of the Virtual World shares.
Of course, regardless of anything else, Finn would not permit the shares of the Virtual World he holds to fall below 75%.
“5, Mr. Lewis, 5 and we agree. We transfer all assets to you, and in return, we hold 5% of Virtual World’s shares. Simultaneously though, we demand a portion of dividends every year because after all our assets are handed over, the family members have their lives to support. So, this portion of the shares is absolute and not to be interfered with.” Suddenly, Mrs. Johanna raised her head and said.
“Mother!” Evans Sutherland couldn’t help but raise her voice.
“Be quiet!” Johanna instantly turned her head and shouted. The roar from a 78-year-old woman was enough to shock anyone in the room, including Evans Sutherland who wanted to say something. After all, she was also a mature person who had her own family at the age of over forty and almost fifty.
Finn was silent for a moment. This figure of 5 wasn’t too exaggerated for them, at least the assets currently under his name are not worth that much, and the other side was investing this sum of money first.
“Let’s settle for 5% shares; I agree. The annual dividends are no issue as well. We have our professional financial team here; the company’s accounts are absolutely fair and transparent, you do not need to doubt this. All the company’s accounts are saved in the company’s supercomputer; every shareholder will have access to a lot of information. Finally, in recognition of Mrs. Johanna’s discernment, I would offer her a gift.” Finn spoke decisively as there was no opposition in the room.
While speaking, Finn signaled with his hand. Lewis the elder, who was standing outside, quickly entered. He was holding a box of tea, which was certainly not something that an ordinary person could buy. This was Yunwu tea, specifically for the Moon of West Lake members. Now, in another space-time, the cultivation scale of Yunwu tea had also reached a certain level. There were ample lands in Proudshire for the cultivation of Yunwu tea, and the production of Yunwu tea was not as low as imagined.
This plant species is not like the tea trees on the earth. Strictly speaking, it is not a tree but a plant similar to a vine. Its leaves grow in abundance. The cultivation area in Proudshire had reached a staggering 6000 acres. However, this number is near its limit. If the quantity were too large, even with the nutrient solution, its quality would decline. This is the maximum cultivation scale ensuring quality.
