Chapter 70 Buying The Jenningses
Even though the chairman didn’t write an IOU, that didn’t mean that she could delay her debts.
The man was an even more intimidating presence than Jack himself.
“So it looks like the Jenningses really isn’t returning the money, huh?” Jack couldn’t stay quiet any longer. He had never seen such a shameless family.
“Our chairman mentioned that it was okay if you don’t return the money, but in exchange, he’ll buy over sixty-one percent of the Jenningses shares. Based on our calculations, the Jennings family is now worth about one hundred and fifty million at most. If we follow that, then sixty-one percent of your shares will be about ninety-one million five hundred thousand. If we take away the thirty million that you owe us, then we’ll be paying you sixty-one million five hundred thousand,” Jack said with a cold smile.
The Jenningses’ expressions changed immediately. The Four Seas Corporation was clearly trying to scam them.
The Jennings Corporation had a market value of above three hundred million at its peak. Even now, there was no way the corporation was worth any less than two hundred million.
Added on to the fact that all the Jennings Corporation’s competition had fallen, they would have even more space to improve and expand in the future. They would definitely end up being worth way more than three hundred million.
How could the Four Seas Corporation only calculate one hundred and fifty million as their net value? The amount was outright bullying.
“Mr. Sawyer, we don’t sell our company’s shares to outsiders. We’ll return the thirty million to the chairman,” Demi declined immediately.
“Okay. I’ll give you five minutes to gather all the money. If you still aren’t able to pay the money back in five minutes, then you’ll either sell us your shares or announce bankruptcy.” Jack smiled mildly.
Five minutes?
The Jenningses paled. What Jack said was basically forcing them to sell their shares.
Where and how are we going to get thirty million in five minutes?
“By the way, you’re all still unaware of how the Wallace family got destroyed, right?”
Jack looked at the crowd before chuckling lightly. “It was because Mr. Wallace offended Ms. Jennings. Our chairman was so furious that he demanded them to be destroyed. Now, the head of the Wallaces has died in jail and Walt Wallace probably won’t last for much longer.”
The crowd’s minds started buzzing. They knew that the Four Seas Corporation had been the one to destroy the Wallace family, but they didn’t know exactly why.
They hadn’t imagined for Heather to be so powerful, to the point that the chairman of Four Seas Corporation would stand up for her.
Demi and the other Jenningses were really starting to regret everything they did.
They should have known how close Heather and the chairman’s relationship was from the moment she had managed to borrow thirty million from him.
They really were in trouble now that the chairman himself was standing up for Heather.
“Henry, can’t you ask your father to lend us thirty million for now?” Demi looked at Henry.
Henry was the Jenningses only hope now.
Henry’s expression changed as he quickly shook his head. “That’s impossible right now. The bank still hasn’t approved all of our financings. We definitely don’t have the money to lend you right now.”
Henry wasn’t dumb. He knew that if the Hale family intercepted the Four Seas Corporation buying the Jennings Corporation, the Hales would end up like the Wallaces.
Demi was extremely disappointed upon Henry’s answer, and so were the others, especially Harper.
But none of them dared to call him out.
“Three more minutes,” Jack reminded after checking his watch.
Demi’s expression soured and she started to look desperate.
“Heather, are you going to just watch your family crash and burn?” Demi asked Heather with her eyes full of desperation.
Heather was feeling more conflicted than ever. On one side, she had the chairman supporting her, but she also had her family to think about.
When she saw the desperation in her granny’s eyes, her heart softened once more and she was just about to speak when Jack waved a hand. “Our chairman said to ignore everybody else today.”
With that, Heather swallowed the words she was about to say.
Demi’s face was filled with despair and she sighed before saying helplessly, “Fine, I agree to let Four Seas Corporation buy the Jennings Corporation’s shares.”
She wasn’t satisfied with the price that the Four Seas Corporation had offered, but she knew that if the Jennings family dared to rebuke, they’d have the same fate as the Wallace family.
Right then, Demi felt as though she had aged ten years.
