(The Amazing Son In Law) Hero of Hearts Novel Chapter 3636
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- July 11, 2023
Chapter 3636
Just as Charlie was about to arrive at Waderest, a group of Joseph’s men had already taken more than two hundred billion RMB in cash from the hands of more than seven hundred Wade family’s side branches.
However, this was still only one-fifth of all the net assets of the Wade family’s side branches.
According to the statistics, the assets of all the Wade family branches combined were almost one trillion.
In this way, almost all of the Wade family’s side branches had taken out all of their cash, but still owed at least 30% of the personal assets to the Cataclysmic Front.
Just when these people didn’t know what to do with this remaining portion, Joseph had already received Charlie’s instructions and spoke,
“I see that you all still have a big gap in cash, how do you plan to pay this remaining portion next?”
The crowd was instantly silent.
No one dared to take him up on his words, because everyone knew that there was only one way left, and that was to sell assets to raise money to save their lives.
Selling assets is easy to say, but it is the most uneconomical way.
Because, if they go out with all the assets for sale, have to lower their own price, a big discount to be made to be able to quickly sell.
It may take a month to sell a property with a market value of $10 million at $10 million, but if you want to liquidate it in one day, you have to press the price to at least nine hundred, or even eight million to make it possible.
The assets will be discounted, but not the debt, so in this way, they will lose much more than the original 50%!
Moreover, what’s even worse about selling assets is that it would seriously damage their original income structure.
Take Milton Wade, for example, he has a building materials enterprise that is very famous in the country.
And most of the various construction materials it produces are directly supplied to the Wade family’s real estate projects as well as production bases in the country.
This enterprise relies on the help and support of the Wade family, now annual sales have exceeded ten billion, net profit also is more than a billion, it can be said to be a hen laying golden eggs.
But now if forced to sell, then not only the price of the assets sold will be greatly reduced, Milton himself will completely lose this source of revenue, this is tantamount to killing the chicken to get the eggs.<
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Everyone else’s situation is not far off, no one can get that much cash to pay out to the Cataclysmic Front, and no one wants to sell their core assets at a low price.
Joseph took in the performance of these people and knew in his heart that what they feared most was forcing them to sell their assets to make up for the compensation.
So he spoke, “You guys don’t say I don’t leave you alive, now, all the funds you owe can be paid in installments with a period of one to five years.”
Once they heard that they could pay in installments, everyone breathed a huge sigh of relief.
The fact that they could pay in installments meant that they did not need to sell their assets and could use their assets to earn money to slowly pay off their debts so that it would not hurt their bones.
But no one expected that Joseph followed up with, “However, the installments are not free of charge! For each installment, you must pay six-thousandths of the total amount as the service fee for the installment!”
Joseph’s words immediately caused a commotion among the more than 700 side members of the Wade family!
