Road to becoming the wealthiest: Starting From Treasure Hunting in the Cabinets -
Chapter 647 - 419: Return Covered in Blood_2
Chapter 647: Chapter 419: Return Covered in Blood_2
"You are Mr. Sean Knight? Hello, hello!"
Lawrence was very excited when Sean introduced himself.
Obviously, even though he was very confident about the software he developed, the departure of his previous investors had dealt a considerable blow to his self-confidence.
Later, as he sought investment and met with rejection, along with being suppressed by others, Lawrence felt that he was on the verge of bankruptcy.
He even considered releasing the software directly on the internet for free downloads.
At this time, Robert first invested some money, and then Sean invested a much larger amount—an amount that Lawrence could hardly believe!
Though the first phase of investment wasn’t much, in Lawrence’s eyes, the recognition and trust meant much more than the money!
So he was also a bit emotional when speaking.
"It’s me. Mr. Lawrence, the software you developed is really amazing! I find it very useful!"
Sean wouldn’t skimp on compliments for a real technical talent.
Of course, this was his first investment, and he didn’t want it to go down the drain. He needed to boost Lawrence’s confidence no matter what.
"Really? That’s great!"
Upon hearing Sean’s praise, Lawrence’s confidence regained a bit:
"Mr. Knight, is there anything that needs improvement or that you think isn’t good enough?"
"As a user, I currently think the Chinese version is fine, except for the cover which doesn’t cater to Chinese people’s aesthetics."
Sean brought up the aesthetics issue.
"No problem!" Lawrence thought, after all, it was just changing the Chinese version!
After chatting for a while, Sean felt that Lawrence wasn’t the kind of tech guy who was so nerdy that he couldn’t communicate, he was actually quite easy to talk to.
Lawrence also thought that Sean wasn’t the kind of capitalist who gave money, then got picky and bossy; he felt quite good about him as well.
The conversation between them ended on a high note.
Putting down his overheating mobile phone, Sean felt this investment should be correct!
Though it wouldn’t bring him any profit in the short term, as long as nothing went wrong, he was sure that profits wouldn’t be lacking in the future!
Thus, he was in an excellent mood.
The second day, after filling in for Sean by signing documents and sending photographs to him, Kathy Lewis brought him another piece of news.
"A joint mining company is currently struggling and on the verge of bankruptcy..."
"Why is it going bankrupt?" Sean asked.
He needed to know the specific situation of this company.
"Because of buying two mining properties, and in the end, the minerals explored did not meet the mining standards; they are the kind of poor mining sites."
"Technical problems?" Sean was somewhat disappointed, could such a mining company be of use?
"No, it’s because the company’s senior management made hasty decisions. Actually, the technicians were against it at the time, but it didn’t help..."
Sean thought for a moment and asked:
"Are there any specific documents? By the way, are there any other companies interested in this company?"
"Yes." Kathy said: "I will send you the specific documents."
Sean felt a bit puzzled.
He was just looking for some things in the South Sea and taking a vacation, so why did he have to deal with international affairs like a multinational CEO on a yacht?
However, he still carefully read the documents that Kathy sent.
This was a mining company called Tundra Mining, with more than 1,000 employees and over 600 various machinery.
The company’s headquarters was in the Beautiful Country, but its business scope covered North and South America. It had a glorious history, but due to mismanagement, several exploration failures and the breakdown of the capital chain, it was now on the brink of bankruptcy.
Currently, the large companies interested in acquiring this company were Newmont Mining, Anglo-American Mining Company in South Africa, and Southern Copper Company.
However, these companies offered relatively low prices. This Tundra Mining Company had a significant advantage in that it was good at mining in some difficult environments, aptly reflecting its name.
Or rather, the name reflected the company’s character.
Currently, Tundra Mining Company’s valuation was 1.4 billion US dollars with more than 100 million dollars in debt.
And a massive amount of unpaid employee wages.
So it was indeed not far from bankruptcy.
The company’s senior management had been seeking loans previously, but the banks had a very low valuation of this poorly managed company, so they not only refused to grant loans but constantly urged repayment.
The big companies’ offers weren’t generous at all and didn’t match the temperament of world-class mining companies. Under the condition of not assuming debt, the highest offer was 100 million US dollars, which didn’t cover the employees’ arrears in wages.
In Sean’s opinion, this offer was indeed a bit low.
Sean considered himself quite conscientious.
If he were to buy this mining company, he would have to pay at least 1.4 billion to help them repay their debts.
Of course, whether or not to buy still depends on the specific situation.
So, Sean Knight called Robert again, told him the situation of the Tundra Mining Company, and asked Robert to find more detailed intelligence.
Of course, money would be paid. Sean wanted to understand the real reason why the company went from profitable to being in debt and whether it was worth investing in.
"Sean, are you planning to change careers?" Robert, considering himself not just Sean’s collaborator but also a friend, asked:
"Or did you find another huge treasure and made a fortune?"
Robert knew that Sean was a treasure hunter who searched for treasure all over the world.
He also knew that Sean had made a fortune.
At least several hundred million US dollars was Robert’s estimation of Sean’s net worth.
But now he had invested tens of millions and was planning to pay over 100 million to acquire a company.
On top of that, Sean also owned several manors, farmhouses, and villas...
Could it be that his estimation of Sean was wrong?
Robert felt that he needed to reassess Sean Knight.
"I sold some manors," said Sean, "The rate of return on the farm was too low, and I needed a higher-yielding industry."
This reason was somewhat reasonable.
"Alright, gathering information about this mining company is relatively easy. 10,000 US dollars."
Sean paid the money, then waited for news.
Actually, as long as the company wasn’t too bad, he was planning to buy it.
Originally, he had hoped to start a domestic company.
But it was relatively easy for domestic companies to encounter troubles when going to Outer Mongolia, as some people didn’t want to see that happening.
Moreover, Chinese people usually avoid causing trouble when abroad.
When encountering problems, they tend to endure, which was not Sean’s character.
It would be much easier to deal with both management and troublesome matters by placing some Chinese people in the Tundra Mining Company.
Of course, the prerequisite is that the company is not a pitfall.
While waiting, Sean’s satellite phone rang.
He had a premonition and picked up the phone excitedly.
Elijah Hastings’ voice came from the other end:
"Boss, we expect to reach the target area tonight..."
"I got it! I will be prepared and waiting!"
Elijah hung up, and Sean immediately started the yacht and headed towards the predetermined sea territory.
They finally had news!
Actually, Sean had been somewhat regretful for the past two days.
He could have issued a reward on the dark web.
Although there would be losses, the safety of his people would be guaranteed.
But this time, Elijah and the others insisted on going to handle Chris themselves, so Sean didn’t stop them.
They deserved an opportunity to vent and show their abilities.
Now that they finally had news, Sean’s hanging heart was finally put down.
As nightfall approached, Sean arrived at the demarcation line.
He waited here until nightfall before stealthily guiding the yacht to the coastline.
Then he waved his flashlight towards the shore.
Soon, he saw two people crawling out of a hidden sandpit.
Two?
Sean was startled!
Then he saw one of the people carrying another from the sandpit, quickly running towards the sea!
Sean immediately began to worry!
One of them had an accident - who was it?
Was it an injury or...
He could hardly bear to think about it.
At this moment, Sean was filled with regret. When Elijah and the others had earlier volunteered to deal with Chris, why hadn’t he stopped them?
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