The Man in Power After Being Married into Her Family novel Chapter 3495

Tony choked up and said, "Lord Waldron, I will not hide this from you, but many of our industries are actually long-term investments. We have invested in some of our projects for many years now, and we are finally beginning to see returns after investing a lot of funds. If we were to sell our investments at this time, i t would be tantamount to killing the entire business just to get our hands on the money at the moment. It would be a very heavy loss for us..."

Tony's words resonated with the other members of the Wade family’s collateral families.

They were already all willing to take out half of their assets at this point, but if they were to kill off their business and investments to get the money, the loss that they suffered would definitely be even greater than them taking out half of their assets.

Porter also could not make up his mind and decide at this time. If it was only to complete the task that Charlie had given to him, Porter would not even be bothered about the consequences at all. So what if these people would have to kill off their businesses and investments in order to hand over half of their assets to him?

However, Porter still did not know what Charlie's attitude toward these people was and so, he could not come to a decision. Therefore, he said, "You should

give us a clear account of the situation of your assets first. If the cash that you have on hand is less than half of your assets, pay us the cash payment first. We will then give you a solution for the remaining part of the payment later."

Everyone had no choice but to agree to it.

After that, the soldiers from Ten Thousand Armies began to register these members of the Wade family's collateral families in batches. They asked about each person's specific assets as well as the situation of their cash on hand. After the registration was completed, they were then asked to pay all the cash that they had first.

Just as this part of the funds was starting to be transferred into Ten Thousand Armies' bank account, the Concorde that Charlie was on finally landed at Eastcliff Airport.

As soon as Charlie landed, Stephen picked him up and took him to Mount Wintry.

On the way there, Stephen gave Charlie a brief report o f the situation on Mount Wintry. At the same time, Stephen also gave Charlie a report of the problem that Porter could not decide on and asked, "Young Master, when I was coming here, Porter Waldron asked me to ask you how he should deal with those people who have less than half of their family's assets in cash, but have most of their assets in the form of physical industry as well as fixed assets?"

Charlie said indifferently, "Of course, we cannot push those people who have a good attitude and are willing to admit their mistakes and accept their punishment too hard. Collect the cash from them first and then let them pay in installments for the rest of the payment."

As Charlie spoke of this, he paused slightly and said," According to the norm, a person would definitely have to pay interest for installment payments. However, since they are all members of the Wade family, I'll be a little lenient with them, and I will not charge them interest on the installment payments. However, I will have to charge a certain percentage of the handling fee, just like that of the banks."

"For instance, if the other party owes us one billion dollars, the sum could be divided into twelve installments to be paid within a year, thirty-six installments to be paid within three years, or even sixty installments to be paid within five years. As for the handling fee, 0.006% for each installment, which would be six million dollars, then."

Stephen was shocked, and he exclaimed, “Young Master, if we go by this ratio and if the commission for one installment is 0.006%, the total commission for sixty installments would be 36%! The handling fee would be three hundred and sixty million dollars for a principal of ten billion dollars. Isn't that a little too high?"

Charlie laughed and said, "Doesn't the bank also card 0.006% for each credit card installment payment? I am not overcharging them, but I'm simply following the bank's rates."

Stephen hurriedly said, "Young Master, that is indeed the case but this interest... No, I mean this commission ratio is actually still very high... I am afraid that they simply will not be able to sustain such a high handling fee...”

Charlie had the expression of a treacherous businessman as he said seriously, "It’s also fine if they cannot sustain it. I can give them another option.

They can convert the money that they owe into corresponding equity in their business according to a certain preferential strength. For instance, if the other party's company is worth five billion dollars and he still owes us one billion dollars, the one billion dollars should actually be converted into an equity of 20%. However, since he owes us money and if I will not charge him any handling fees for the installments, I will have to receive a cash discount ratio from him. Therefore, he will have to give us a 20% discount on the total valuation. In that case, for a five billion dollars enterprise, it will be four billion dollars after a 2 0% discount, and the one billion dollars debt will then be converted into an equity of 25%!"