Chapter 036 Cash Flow
The dinner continues.
The general manager was politely invited to the side, and an accountant was doing his compensation calculations.
Just smashed that cup, it's worth a lot of money, and it's said to be an antique.
The general manager doesn't care, a broken cup is just worth how much money?
What he is more worried about is the payment for the Buck family's order!
Originally, this order would arrive in half a month, which would give the general manager enough time to raise money, but who knew that it was ten days ahead of schedule!
Even if it's a bank loan and a pledge of equity, it takes a little time.
Cash flow is a thing that is most afraid of shortages, just like banks are afraid of runs.
The time left for the general manager is very short, and the problem is a bit big, but there is no need to panic.
He has been rooted in the fog capital for so many years, even if he is a hillbilly, an upstart, and NEney, he has a certain way to get enough cash to deal with this crisis.
It's nothing more than a little more money and some blood.
The general manager was worried about this, and the accountant said,
"Forget it."
The general manager said impatiently,
"Just tell me a number, how much is a cup worth?"
According to the requirements of the general manager, the accountant quotes a number,
"It's 6,500 pounds."
"What?!"
"6,500 pounds?!"
The general manager and Paul exclaimed at the same time, surprised.
The general manager stepped forward and snatched the bill and read the text on it.
"You're blackmailing!"
A cup costs 6,500 pounds? Are you kidding!
"That's right, sir, this cup is part of a whole set of antiques, and breaking one of them will devalue the set of antiques."
The accountant pushed his glasses and even explained the origin of the antique to the general manager,
"Four hundred years ago, the tribune Ludon gave the cup to the University Scholar VI, and the University Scholar VI passed on to the University Scholar VIII, which was kept by the Pope and then given to the eleventh Knight Master of the Order of St. Peter..."
It sounds like a tea set with such an experience is indeed not very cheap.
The general manager no longer has the previous arrogance, like a defeated rooster, with a red neck, muttering,
"Well, it can't be so expensive!"
"Everybody here is using antique teacups."
The accountant smiled helplessly, unable to help.
These big people, who use antiques to make daily necessities, do not have any burden even if they are damaged.
The gap between the nouveau riche and the old aristocracy is not just the difference in the amount of money.
Looking at the other party as if mourning, the accountant changed his words,
"Sir, don't worry, we have considered this, these tea sets are insured, and you only need to pay this compensation first.
The insurance company will check it within 5 to 10 working days, and after the check, it will naturally refund the money to you."
And insurance?!
The general manager's eyes lit up, as if he had grasped a life-saving straw.
"Can't you just let the insurance pay for it for a while?"
The accountant rejected the other party's request,
"I'm sorry, that's the rule, but don't worry, after a while, this money will be delivered to you!"
Paul was anxious to help the general manager come up with an idea, but was stopped by the other party.
In Paul's view, as long as he provides a guarantee worth 6,500 pounds, after the expiration, the insurance company will compensate directly, won't it be over?
The general manager thinks a little bit more.
Today's dinner, he was already a joke.
There are big people with heads and faces here, and Kolar Mining must cross this threshold if it wants to go further.
The 6,500 pounds is not a cup, but a face!
The general manager gritted his teeth and squeezed out a few words from between his teeth,
"Write a check!"
...
The next day,
The general manager sat at his desk with bloodshot eyes.
In front of him was a pile of papers, accounting books, newspapers, and batches
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Money! Money! Money!
The general manager didn't understand why he had become so embarrassed in just a few days.
The general manager still does not understand that he has encountered a cash flow crisis.
Of course, he firmly believes that as long as he survives this time, a bright future awaits him!
"Paul, hasn't Mr. Moreden from the bank come yet?"
Moldon was in charge of a bank's loan business, and he also helped operate the last equity pledge, which was very favorable, and the loan was fast and abundant.
The general manager didn't know how many times he asked, but Moldon was finally late.
This time, Molden was not as enthusiastic as before.
Without waiting for the general manager to speak, Morden took the lead in attacking.
"Boss Kolar, what are you doing, the newspapers are talking about the negative news of Kolar Mining today, and your stock price has fallen to 20 pounds just this morning!"
20 pounds is still a sky-high price for the original share price of Kolar Mining.
It's just that the crazy upward momentum has been stopped, which is not good news!
The general manager couldn't wait to say,
"Let's not talk about that for now, we need to make another equity pledge, and loan financing is fine!"
"Borrowing money again?"
Moldon looked at the other party with a suspicious gaze, a little hesitant,
"Didn't you borrow 100,000 pounds, I remember the order contract, you only need 100,000 pounds, right?"
The general manager hurriedly explained,
"If there is a little accident, we only need a sum of money to turnover, borrowing tens of thousands of pounds, with our stock price, it shouldn't be difficult, right?"
"It's not difficult..."
Moldon muttered,
"I can complete the procedures in a week, and I will definitely be able to disburse you in two weeks!"
"Two weeks?!"
The general manager exclaimed,
"Why did it take so long, didn't it only take us three days last time?"
"It's a different time! Boss Corral! The time is different!"
Molden was a little impatient and explained,
"The last time we met, your stock was booming, but now it's showing signs of decline, and if that's all it is, that's fine.
But the problem is that you yourself are in trouble, and the newspapers are talking about Kolar Mining, and there is everything, which makes our bank also a rumor.
Let's put it this way, just coming to you has taken me a lot of effort, and if you want to make any pledge, you have to go through the formal process!"
In the banks of Wudu, following the regular process is equivalent to indefinite delay.
In particular, the general manager asked for a large sum of money to be raised in a short period of time.
The equity pledge was frustrated, and the general manager gritted his teeth and said,
"Then we'll sell the stock and raise cash!"
The stock price of 20 pounds is very high, and I sell it for money, and when the stock price stabilizes, I will use the money to buy back the shares.
Let's get through the current crisis first!
"That's... It's better not to do that..."
Paul, who had been listening, said timidly,
"If you sell stocks now, it is easy to cause panic and smash the market, causing the stock price to plummet..."
On the cusp of the storm, selling stocks is not a wise choice, and it will only hasten your own death!
The general manager said nonchalantly,
"What if the stock price falls, let those speculative guys die! I didn't let them speculate!"
Under normal circumstances, the Kolar family behind the general manager does not plan to sell their shares, and the stock price does not affect their lives.
Besides, as long as enough money is raised, the stock price plummets, which is still a good thing for the Corral family!
They can buy back their shares at a low price.
Win-win, win twice!
"But..."
Paul reluctantly reminded,
"You've pledged £100,000 in shares, and if the share price plummets, you'll need to compensate the bank for part of the deposit."
After calculation, the general manager's profit from the stock is not enough to repay the margin!
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So what now?
Borrowing money from your friends?
Those nouveau riche do have money in their hands, but they are also bloodthirsty sharks, and they will bite hard at every opportunity!
If it weren't for the desperation, the general manager would never have considered these guys.
"I have a proposal that we can lend another amount of money to Kolar Mining."
Moldon pursed his lips and said calmly,
"The premise is that Kolar Mining will pay off the previous loan first, and then we will approve a larger loan to Kolar Mining!"
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