I really don't want to hang up

Chapter 229 Cash Flow

The dinner party continued.

The general manager was politely invited aside, and an accountant was making a compensation assessment for him.

Just smashed that cup, it is worth a lot, it is said to be an antique.

The general manager didn't care, how much is a broken glass worth?

What he was more worried about was the payment for the Buck family's order!

Originally, the order would arrive half a month later, which would give the general manager enough time to raise money, but who knew it would be ten days earlier!
Even bank loans and equity pledges will take some time.

Something like cash flow is most afraid of shortage, just like a bank is afraid of a run.

The time left for the general manager is very short, and the problem is a bit big, but don't panic.

He has been rooted in Wudu for so many years, even if he is a country bumpkin, an upstart, or NEW money, he has certain connections and can get enough cash to deal with this crisis.

It is nothing more than paying more money and bleeding.

The general manager was upset about this, the accountant said,
"Forget it."

The general manager said impatiently,

"Just give a number. How much is a cup worth?"

According to the requirements of the general manager, the accountant reported a number,
"It's £6500 in all."

"what?!"

"6500 pounds?!"

The general manager and Paul exclaimed at the same time, extremely surprised.

The general manager even stepped forward, snatched the bill, read the words on it clearly,

"You guys are blackmailing!"

6500 pounds for a cup?What a joke!
"It's like this, sir. This cup is part of a set of antiques. Breaking one of them will depreciate the value of the set of antiques."

The accountant pushed the glasses, and even explained the origin of the antiques to the general manager,
"This is the cup given by the Tribune Luden four hundred years ago to the Sixth Scholar, who passed it on to the Eighth Scholar. It was kept by the Popes of all ages, and was later rewarded to the Eleventh Knight Commander of the Knights of St. Peter. "

It sounds like a tea set with such experience will not be very cheap.

The general manager no longer had the previous arrogance, like a defeated rooster, with red neck, murmured,

"Well, that can't be so expensive!"

"Everyone here uses antique teacups."

The accountant showed a helpless smile, helpless.

These big people use antiques to make daily necessities, even if they are damaged, they don't have any burden.

The gap between the new rich and the old nobles is not just the difference in the amount of funds.

Seeing the other party looking like a concubine, the accountant changed the subject,
"Don't worry, sir, we have considered this point, these tea sets are all insured, you just need to pay the compensation first.

The insurance company will check within 5 to 10 working days, and will naturally return the money to you after the check is completed. "

And insurance? !
The general manager's eyes lit up, as if he had caught a life-saving straw.

"Can't you let it go for a while and let the insurance pay it?"

The accountant rejected the other party's request,

"Sorry, this is a rule, but don't worry, after a while, the money will be delivered to you in small amounts!"

Paul watched anxiously from the sidelines, trying to help the general manager with an idea, but was stopped by the other side.

In Paul's view, as long as the family provides a guarantee worth 6500 pounds, the insurance company will directly compensate after the expiration, isn't it over?

The general manager has more things to think about.

At today's dinner party, he was already a joke.

Here are all big figures with heads and faces in Wudu. If Coral Mining wants to go further, it must cross this threshold.

The 6500 pounds are not bought for a cup, but for face!

The general manager gritted his teeth and squeezed out a few words,
"write a check!"

the next day,
The general manager's eyes were bloodshot as he sat at his desk.

In front of him was a pile of documents, including accounting books, newspapers, and grant applications.
money!money!money!
The general manager didn't understand why he became so embarrassed in just a few days when he was clearly in a good situation.

The general manager still doesn't understand that he has encountered a cash flow crisis.

Of course, he firmly believes that as long as he survives this time, there will be a bright future waiting for him!

"Paul, isn't Mr. Morden from the bank here yet?"

Morden is in charge of the loan business of a bank, and he also assisted in the operation of the last equity pledge. The conditions are very favorable, and the loan is fast and large.

The general manager didn't know how many times he had asked, but Morden finally came late.

This time they met, Morden was not as enthusiastic as before.

Before the general manager could speak, Morden took the lead in launching the attack.
"Boss Coral, what's going on with you? Today's newspapers are all talking about the negative news of Coral Mining. In just this morning, your stock price has dropped to 20 pounds!"

20 pounds is still a sky-high price for Coral Mining's original stock price.

It's just that the crazy upward momentum has been terminated, which is not good news!

The general manager couldn't wait to say,
"Leaving this aside, we need to make another equity pledge, and loan financing is also fine!"

"Borrow money again?"

Morden looked at the other party suspiciously, with some hesitation,
"Didn't you borrow 10 pounds? I remember that in the order contract, only 10 pounds are needed?"

The general manager quickly explained,

"There was an accident, we only need a sum of money to turn around, borrowing tens of thousands of pounds, with our share price, it shouldn't be too difficult, right?"

"It's not difficult"

Morden mused,

"I can complete the formalities within a week, and I will definitely give you the loan within two weeks!"

"Two weeks?!"

The general manager exclaimed,
"Why did it take so long? Didn't we only spend three days last time?"

"The time is different! Boss Coral! The time is different!"

Morden was a little impatient and explained,

"The last time we met, your stock was booming, but now it's showing signs of decline. If it's just like this, it's okay.

But the problem is that you have gotten into trouble yourself. The newspapers are all talking about Coral Mining, and there are all kinds of things, which makes our bank panic and panic.

Let's put it this way, it took me a lot of effort just to come to you. If you want to make any pledge, you must go through the formal process! "

In the bank in Wudu, following the formal process is tantamount to delaying indefinitely.

In particular, the general manager asked to raise a large sum of money in a short period of time.

The equity pledge was frustrated, the general manager gritted his teeth and said,

"Then we'll sell stocks and raise cash!"

The stock price of 20 pounds is very high, and I sold it for money, and after the stock price stabilized, I used the money to buy the stock back.

Get over the immediate crisis first!
"That. Better not do that"

Paul, who has 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, it is not a wise choice to sell stocks, it will only accelerate your own death!

The general manager said nonchalantly,

"So what if the stock price falls, let those speculators die! I didn't let them speculate!"

Under normal circumstances, the Coral family behind the general manager does not intend to sell the shares, and the level of the stock price does not affect their lives.

Besides, as long as enough money is raised, the stock price will plummet, which is still a good thing for the Coral family!
They can buy back their own shares at low prices.

Win-win, win twice!

"but."

Paul reluctantly reminded,

"You pledged 10 pounds of equity. If the stock price plummets, you need to compensate the bank for part of the deposit."

Calculated, the general manager's profit from the stock is not enough to repay the deposit!
General manager:
What now?
Go to your friends to borrow money?
Those upstarts do have money in their hands, but they are also bloodthirsty sharks, and they will bite hard whenever they get the chance!
The general manager would never have considered these guys if he hadn't been cornered.

"I do have a proposal. The bank can lend another sum of money to Coral Mining."

Morden pursed his lips and said calmly,
"The premise is that Coral Mining must pay off the previous loan first, and then we will grant a larger loan to Corral Mining!"

(End of this chapter)