The Return Of His Unrivaled Ex-Wife (Joanna) novel Chapter 721

Chapter 721 

“I can’t figure it out either,” Andy said. “So we can only bear with it a little longer.” 

Mark was at a loss for words. Upon hearing that, he wore a troubled expression as well. 

They were initially the most capable people working for Bruce. 

In terms of power and influence in the company, they were second only to Bruce in the past. 

Now that Liam had taken over as the chairman, they were unwilling to switch allegiance to him. As a result, their status plummeted, and they could no longer stand tall with the same authority and influence they once had. 

At Everett Group the next day, Liam smugly walked into the conference room in a smooth suit that was free of wrinkles. He was wearing a dark red tie. 

“Hello, everybody,” Liam greeted. 

All shareholders of various stakes in the company had long waited in the conference room. “Hi, Mr. Miller,” they greeted in 

return. 

Liam’s lips curved with an uncontrollable smile as he took a seat in the position where Bruce used to sit. 

“Let’s start the meeting,” Liam said. 

All the shareholders had solemn expressions as they looked at Liam respectfully. 

“I believe everyone read the news the past few days, right?” Liam said. 

Mr. Young smiled obsequiously and flattered. He said, “How could I not read such an important piece of news? 

“Mr. Miller, you are Mr. Everett’s guardian from now on, so naturally, you will also be the leader of Everett Group, 

“Congratulations, Mr. Miller. 

“With you leading us from now on, we will definitely be able to reach greater heights.” 

Upon hearing that, Liam felt extremely pleased, but his face was still tense. 

Liam said, “I hereby announce officially that I will take over the position of chairman of Everett Group. 

“I hope everyone can work together from now on to promote the development of Everett Group’s business.” 

Everyone cheered and applauded upon hearing that. 

A few shareholders who did not get along with Liam had no choice but to lower their heads and clap along with everyone else. 

“Since I’ve taken over Everett Group, I definitely have to make a notable impact,” Liam said. “Many of the company’s previous deficiencies and shortcomings have to be corrected.” 

“Mr. Miller, we believe that you will definitely be able to take the company to new heights…” 

After Liam officially announced his succession as the chairman of the company, a staff meeting was quickly convened. 

At the meeting, he promised to increase the salaries of lower-level employees, make adjustments to the company’s benefits, 

and more. 

For a week in a row, Liam was in the limelight. He either accepted exclusive interviews from the media or conducted inspections at various subsidiary companies. The rich circle of Greyport also praised him highly. 

He looked like a king who had ascended the throne, enjoying everyone’s admiration and flattery. He was greatly satisfied as his ego was massaged. 

Unfortunately… 

The good times did not last for two weeks. All kinds of negative effects began to surface. 

The stock price of Hartfield Enterprise and Sunrise Enterprise, which were owned by Everett Group, plummeted rapidly. It was almost like a cliff-edge drop. 

There was a difference between shares listed in local stock exchanges and shares listed in foreign stock exchanges. Unlike shares listed in local stock exchanges, there was no lower limit to how much share prices listed in foreign stock exchanges could fall. On the other hand, there was a limit on daily price decline for shares listed in local stock exchanges. They would hit the limit after dropping ten percentage points. 

For shares listed in foreign stock exchanges, it was different. It was not uncommon to see a stock dropping by twenty percentage points or even more in a single day. 

The company’s shareholders were anxious and restless. All of them cried for help in a pitiful manner. 

There was a meeting in the conference room. 

 

“Mr. Miller, Hartfield Enterprise’s shares have been falling continuously,” Mr. Nelson spoke up first. “Could it be on the verge 

of a collapse?” 

“Yes, and there’s also the Green Bay project. Mr. Hall said the capital chain is about to break. We need a new round of financing.” 

“And Sunrise Enterprise too. Its share price has also been falling sharply recently.” 

“If this continues, how are we supposed to handle it…” 

All shareholders had gloomy expressions. Two small shareholders had been so worried that they had not slept for three days. 

After all, they had only such a small amount of assets. How could they withstand such a drastic decline in share prices? 

After hearing this, Liam frowned. A smile could no longer be seen on his chubby face. 

He had only been in the limelight for a week since he took office, but he started to face problems. These problems were quite tricky. 

“Mr. Miller, the stock price has already fallen by dozens of points. If it continues to fall like this, we really won’t be able to hold on anymore.” 

“Immediately get a financial analyst to analyze it,” Liam said. “And also, we will inject new capital into the company again to boost the stock price.” Liam had been worried for a few days. He could only come up with this solution. 

That was equivalent to selling goods at a loss to improve business prospects in the future. 

To prevent the devaluation of one’s products, one had no choice but to buy one’s own products at a higher price. 

This was simply drinking poison to quench one’s thirst. It would only make things worse in the long run. 

“Uh…” The other shareholders exchanged glances, feeling even more distressed. 

Liam intended to raise the stock price by buying at a low price. 

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However, the current situation was not the same as it used to be in the past. While they showed great respect to Liam on the surface, everyone knew deep down that his abilities were far inferior to Bruce’s. 

In the current market situation, everyone was reluctant to spend money and would rather keep their wallets closed. Who would dare to invest money in a risky venture? 

“Mr. Miller, it’s not that we’re unwilling to inject capital, but we’re just businesspeople with limited financial resources. We really can’t afford to lose money.” 

“That’s right. We’re not like you, Mr. Miller. You’ve got lots of wealth. You are not worried about spending such a small sum of money. We, um, we…” 

Seeing that the shareholders were hesitant and apprehensive, Liam became even more frustrated and impatient. “Since all of you refuse to inject capital, I’ll do it myself then,” he said. 

“Mr. Miller is so magnanimous. Let’s hope he can restore the share price.” 

Soon afterward, Liam injected 600 million dollars as capital in an attempt to boost the stock price of Hartfield Enterprise. Unfortunately, though 600 million dollars sounded like a lot of money, it was just a drop in the bucket when it was distributed among the price of all share units. It was unable to make any significant impact. 

The stock price only rose slightly by 16 cents. It then fell in less than a day. 

Liam had no choice but to add another 1 billion dollars. 

However, it was still useless. 

It was as if the stock price was sliding down a slide. It fell miserably. 

Two weeks later, the stock prices of Hartfield Enterprise and Sunrise Enterprise had already dropped by two-thirds. Shareholders were wailing. “It’s not working! It’s not working! The stock market is really collapsing. We have to cut our losses quickly… 

Small shareholders could not take it anymore. They even felt like jumping off buildings. 

The number of shares was huge. It was simply impossible to increase the share price with just hundreds of millions of dollars. Hartfield Enterprise’s share price fell from its peak of 42 dollars to over 8 dollars. 

The original value was over 40 billion dollars, but now the value was less than 10 billion dollars. 

The 1.6 billion dollars that Liam injected was gone. 

Moreover, this was not the lowest point of the share price. There was still a downward trend. 

“I can’t take it anymore,” Mr. Young said. “I can’t take it anymore. I want to sell off my shares and stocks.” Mr. Young was the 

first person that could not bear it any longer. 

The stock price had plummeted so much that it was equivalent to three-quarters of his assets being wiped out. If he were to cut losses now, he could still retain some money. 

Mr. Nelson was also so worried that he wanted to jump off a building. “I can’t take it anymore too,” he said. 

A few small shareholders sold their stocks and even transferred their shares.