BookToReadAccording to the statistics, the total assets of all the Wade family's collateral families combined would be almost
a trillion dollars or so.
This way, even when almost all of the Wade family's collateral families had already taken out all of their cash on
hand, they still owed at least 30% of their assets to Ten Thousand Armies.
Just as these people were still at a loss for what to do to make up for this remaining portion of money, Porter had
already received Charlie's instructions, and he spoke up, "I see that all of you still have a big gap in cash. How
are you planning to pay up for the remaining portion of money, then?"
The crowd instantly fell silent.
No one dared to say anything to him because everyone knew that there was only one way left, and that would
be for them to sell their assets to raise money to save their own lives.
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It was easy to say that they could sell their assets, but it was actually the least cost-effective method.
This was because as long as an asset were to be sold, its price and value would have to be lowered at a big
discounted rate in order to be able to get sold quickly.
It might take a month to sell a property with a market value of ten million dollars at ten million dollars, but if
a person wanted to liquidate the property in a day, he would have to reduce the price to at least nine or eight
million dollars for the sale to be possible.
The value of the assets would be discounted but the debt would not be reduced in any way. So, in this case, they
would actually lose out on much more than the original 50%! Moreover, what was even worse about selling off
their assets was that it would cause serious damage to their original incstructure.
Take Tony for example. He had a building materials company that was well-known in the country, and most of the
building materials that he produced were directly supplied to the Wade family's real estate projects as well as
various. production bases across the
country.
This enterprise relied on the help and support of the Wade family and now had an annual sale of more than ten
billion dollars. It also had a profit of more than one billion dollars, which could be considered a gold mine.
However, if Tony was forced to sell it
now, the price of his assets would not only be greatly reduced, but Tony would also then lose his source of
revenue completely. This would basically be tantamount to
killing a chicken in order to get eggs.
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The other people's situation was all not too far off, and no one could cup with that much cash to pay Ten
Thousand Armies. However, no one wanted to sell their core assets at a low price.
Porter took these people's
performance to heart, and he knew that what they feared the most was if they were to be forced to sell off their
assets in order to make up the sum of money for the
compensation. So, he spoke up, "Don't say that I'm not giving all of you a way out. You can pay all the funds that
you owe in installments now within a period of one to five years."
The fact that they could pay in installments meant that they would not need to sell their assets, and they would
then be able to use their assets to earn money to pay off their debts slowly. That would not hurt them so much,
then.
Everyone heaved a huge sigh of relief as soon as they heard that they would be able to pay in installments.
However, no one would expect Porter to immediately say, "However, the payment by installments will not be
free of charge! You will have to pay 0.006% of the total amount as the handling fee for each installment!"
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