The people had no choice but to agree to it.
Then, the people of the Cataclysmic Front began to register these Wade family side branches in batches.
First asking about each person’s specific assets as well as the cash situation, and after the registration was completed, they were asked to pay all the cash first.
When this part of the funds started to be remitted to the account of the Cataclysmic Front, the Concorde that Charlie was boarding, finally landed at the city Airport.
As soon as he landed, Leon picked him up and took him to Waderest.
On the way, he gave Charlie a brief report on the situation of Waderest, and also reported the problem that Joseph couldn’t decide, asking,
“Young master, when I came, Joseph asked me to ask you about those who have less than half of the family’s assets in cash, and most of the assets are in the physical industry as well as fixed assets, how exactly should they be handed over to Front?”
Charlie lightly said: “Treat those who admit their mistakes and admit their punishment with a good attitude, of course, can not be forced too tightly, can first collect part of the cash, as for the rest of that part, let them pay in installments.”
Speaking here, Charlie slightly paused, and said, “This according to normal, installment payment is certainly to pay interest,”
“But, namely, all the Wade family, I also give them a little face, installment payment will not charge them interest, but with the same bank, plus a certain percentage of the handling fee.”
“For example, the other party owes us one billion, it can be divided into one year twelve installments, or three years thirty-six, five years sixty installments to pay,”
“As for the handling fee, just charge them six thousandths per installment, that is, six million per installment.”
Leon was shocked and exclaimed, “Young master, if we go by this ratio, the commission for one installment will be six thousandths, and the total commission for 60 installments will be 36%! Ten billion principal, the fee is 360 million, is it not too high ……”
Charlie laughed: “Bank credit card installment payment is not six-thousandths of a percent per installment? I also did not charge more, just to the bank on par.”
Leon was busy saying, “Young master, if you say so, but this interest …… oh no, this fee percentage is actually still very high …… I’m afraid they simply can’t hold up such a high fee ……”
Charlie a treacherous businessman looked at him, and said seriously: “Can not hold up does not matter, I can give them another option,”
“The money owed, according to a certain concession, converted into their business corresponding equity,”
“For example, his business is worth five billion, but also owes us one billion, normally, the one billion converted into equity is 20%, but because they owe us money, I Do not charge him installment fees,”
“How must receive a cash discount ratio, so how must give us an 80% discount on the total valuation, so that the five billion enterprises, an 80% discount even if he has four billion, one billion debt converted into equity is 25%!”
FAQ Novel
Q: What is Milton’s primary concern regarding his family’s assets?
A: Milton is concerned about being forced to sell long-term investments, comparing it to ‘killing the chicken to get the eggs,’ which would result in significant losses.
Q: How does Joseph instruct the parties to proceed with their payments?
A: Joseph instructs them to first convert all stocks to cash and pay it immediately to the Cataclysmic Front, then provide a full asset account, with a solution for the remaining balance to be decided later.
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