Darkstone Code-Chapter 691 - 0688 Bad dish
After Landon’s mayoral connections moved to other states, he has now become a Member of Parliament. When a politician reaches this level, they no longer need certain public figures to help cover up certain things.
Bupen’s Foundation will proactively contact them when necessary, and some shareholders will transfer their shares to them at extremely low prices.
Of course, this is all legal, adhering to the principles of free market trading. Since they are not public companies but private foundations, stock prices are not affected by market fluctuations and are mostly very low.
At such times, engaging in commercial affairs seems to be penny wise and pound foolish.
The public, media, and even political opponents sometimes forcibly associate their business with power, leading to misconceptions that all of this is a product of money and power transactions.
Thus, while the Federation does not prohibit government officials from engaging in business, politicians do their best to avoid these matters.
Mark lost his job and initially went to Nagariel seeking opportunities, but the results weren’t great.
After all, Mark was accustomed to the benefits of policy perks; he wasn’t well-versed in businesses requiring competition and fighting.
It appears that former mayor Landon, now a Legislator Landon, also has no intention of continuing to support him, likely because he was cheated out of a lot of money by Hart in the cheap apartment project. Not only was his money lost, but Mayor Landon’s money was also heavily invested.
To a certain extent, this loss can’t be entirely blamed on Mark, because this project was approved by Mayor Landon for Hart. Hence, Mark assumed Hart wouldn’t dare to offend the mayor by cheating their money.
But when people are on the brink of crisis, they dare to offend even the Lord, let alone the mayor. Hart took the money and disappeared, leaving behind a broken mess and a slew of defrauded investors.
Perhaps due to this reason, Mayor Landon feels somewhat... disappointed in Mark, or maybe he’s simply annoyed, considering he’s also lost a significant amount of money.
Without Landon’s legislative green light, Mark finds it hard to make large amounts of money without doing anything, as he did before. Lynch’s call saved him.
"What do you want me to do?", Mark bluntly asked, avoiding insincere expressions like "I’m doing well." Lying was meaningless given his current situation.
Lynch, with his back to the window, was outlined by the sunlight streaming in, his face hidden by the sun’s rays. He tapped his feet on the saddle stool and fiddled with a lighter in his hand, "Food factory."
"Food factory?", Mark was a bit surprised. "Set up a food factory over in Amelia?"
His tone sounded a bit hesitant, uncertain if this was a good project, even though it was proposed by Lynch.
When he was running a food factory in Sabin City, he knew well: losses, severe losses. At the end, dry goods turned to wet goods. The reason was that if relief food didn’t appear heavy by adding water, they’d suffer even greater losses.
The reason why food factories could operate in Sabin City was mainly due to government subsidies for profit, not earning much; it was just to maintain the mayor’s image at the time, doing it half-heartedly.
If there are no good subsidy policies in the backward and chaotic areas of Amelia now, setting up a food factory might lose money.
Lynch understood his concerns and smiled to reassure him, "I’ll invest..."
Meanwhile, Lime angrily slammed the receiver back onto the phone; still not connected.
International calls still needed multiple manual transfers. He was dialing Lynch’s number over in Amelia, but each time the operator told him the number was busy or there was a malfunction.
It would be impossible for the operator to follow the lines to check whether the line was busy or malfunctioning for a single call, but Lime couldn’t accept this.
Just last night, he spent an extremely pleasant evening together with several traders, shorting the motor company brought them significant profits.
Previously, the motor company’s announcement of new technology and obtaining a big order in Amelia made the stock soar like a volcanic eruption, fiercely and irresistibly skyrocketing. Precisely because its price was high enough, shorting it would be particularly enjoyable.
Each drop in stock price added a bit more money to the shorting account. This is a good thing, but just this morning, the three major exchanges simultaneously delisted the stock he was shorting from the announcement board.
The reason being, this motor company filed for bankruptcy, now entering liquidation and litigation procedures, all related transactions ceased, pending results.
In Federation history, such situations aren’t unprecedented. A group of people short a company’s stock until it’s delisted or even bankrupt, with everyone making a fortune.
But there is one prerequisite: after the company delists, one should be able to purchase the stock from the secondary market to return it, and legal processes must be swift.
If legal processes aren’t completed, everything remains in a frozen state, unable to trade, making even a trillion-dollar account worthless if it can’t be accessed.
After the motor company’s delisting, Lime immediately sought out a lawyer he knew well for information. Generally, in the legal industry, such large-scale cases are somewhat communicated internally.
For example, which lawyer team acted as someone’s agent, who was fighting a lawsuit, or whether there was any inside story to the entire case, whether it would drag on too long.
The inquiry’s results broke Lime’s heart; the case’s complexity exceeded people’s imagination, impossible to close in the short term as it involved a contract breach penalty of nine billion Federation Sol.
Before both parties conclude this lawsuit, everything remains frozen.
It could take three to five months, three to five years, or... a lifetime.
According to Federation law, a criminal lawsuit exceeding twenty years won’t go to trial again unless both parties settle out of court, and ultimately, the court makes a final ruling.
In other words, as long as one party keeps pushing, the money in Lime’s account will stay frozen! 𝕗𝐫𝐞𝕖𝕨𝐞𝗯𝚗𝕠𝘃𝐞𝚕.𝐜𝗼𝚖
Could such a thing happen?
Of course it could, and it’s happened more than once, hence the related laws!
He had thrown most of his money into it, and more fearfully, his clients’ money was in there too.
A few days ago, those people desperately praised him to the skies, offering him the best things in the world, leaving him to enjoy at his will.
But once those people realize their money might be inaccessible for a long time, or possibly forever, they’d transform into Demons from Hell, tearing him apart.
He picked up the phone again, controlled his trembling fingers to dial the number on the dial plate with difficulty, "Yes, please transfer... thank you!"
His voice trembled as he paced back and forth, praying for the phone to connect. After two manual transfers, the phone finally emitted a normal busy signal.
"Thank the Lord!", he made a gesture of prayer, slightly hunched, standing by the corner of the table, one hand holding the receiver, the other across his chest, no longer displaying yesterday’s pride, only fear and anxiety.
The phone was answered after ringing twice, and Lynch’s voice came through immediately. The voice seemed to have some Magic Power, calming Lime slightly.
"Boss, the motor company filed for bankruptcy protection, all assets are frozen, exchanges delisted it...", he tried to make his voice not tremble, but it was difficult.
He said a lot, but Lynch remained silent. He couldn’t help but ask, "Boss, are you... listening?"
"Of course, of course, Lime, I am listening. The motor company announces bankruptcy, and then?", Lynch’s voice was as calm and steady as always, he even made a little joke, "You won’t tell me my accounts weren’t closed?"
"No, boss, I first cleared your accounts, but I... mine and the company’s clients’ accounts are now stuck, what should we do?"
Lynch laughed and said, "You are the company boss. I think this problem is something you need to ask yourself. Also, I believe the motor company will soon pass through the process, won’t everything be solved by then?"
He simply didn’t bother with these things, as he had already warned Lime to avoid risks, but many people are like this; they believe more in their abilities and judgments.
That Lime didn’t follow Lynch to sell off his and his clients’ positions doesn’t mean he’s no longer on Lynch’s side; it’s just that he had his own thoughts.
This is like a child who listens to their parents from a young age but eventually grows up a bit, developing their own ideas, ignoring parents’ advice, proactively learning from failures. This is normal.
Having one’s own ideas doesn’t mean they’re not their parents’ child or not a member of the family.
This is just a lesson, a cumulation of experience and knowledge.
The process moving fast?
Impossible. The issue involves a contract breach penalty of nine billion. Whether Soron initiates joining the litigation or not, the Megan Consortium will drag them into the water until they legally resolve any potential hazards before finalizing the process.
For Megan Consortium, which possesses abundant experience, they have a complete process to render the contract entirely invalid, but it takes time.
A lengthy timeframe means millions of funds may be immobilized in accounts, and history repeatedly reminds people that the faster society develops, the quicker currency devaluation occurs!
Staying one more day means decreasing Wealth, decreasing percentage-wise!
==
Seeking monthly tickets by chance.
