The old lady heard David's words and didn't notice anything unusual. She smiled and said, "Isn't it usually settled at the end of the year? I heard that your company has always been very trustworthy. Although we changed shareholders, it doesn't affect the normal operation of the two companies. In the future, we will still need to rely on your company's diamond supply. "
In the past, Lin Guiren made gold, silver, and jewelry, and after Xu Cheng provided the raw materials, he started to go into high-end diamond craftsmanship, taking the company to the next level and increasing its market value.
If the West didn't know how to appreciate jewelry, then in order to break into the West, they really needed diamonds to increase the demand and sales in the Western market.
Obviously, the group already had a chemical reaction of dependence on diamonds, and diamond products had become the company's main product.
So, the old lady really needed to be polite to David.
"The reason I'm settling the accounts is because we changed shareholders!" David said straightforwardly, "Before, the accounts were lax, and we only settled the accounts once a year because I trusted the previous chairman. However, not everyone can let me do as I please. So, please settle the money for last quarter. Also, I'm here today to tell the old lady that we will no longer provide diamond materials from the Land of Mercenaries to your company."
"Wha … What?" The old lady thought she heard wrong.
Not to mention her, even Travis was shocked when he heard this.
This was going to be too much.
"No, Mr. David, we're doing business, and we can't let our emotions affect our decisions, right? We didn't say we won't pay, and you can still settle the accounts quarterly. But, what do you mean by no longer supplying to our company? "The old lady was confused.
"It means we're going to stop our cooperation," David said honestly.
Travis panicked. "Mr. David, you're doing business with Lin Guiren, and you're also doing business with us. Why are you saying we're going to stop supplying? He's going to go back on his word, and we're not going to. There's no reason for us to terminate the cooperation. Aren't we helping each other? Our annual sales can cover most of your purchases from the Land of Mercenaries. If you suddenly stop working with us, won't your inventory be overstocked? "
"Overstocked?" David sneered and looked at Travis in disdain. "In this world, who doesn't want a warehouse full of diamonds? This isn't a consumer product. If it doesn't work, its market value will skyrocket. Mister, do you know anything about this? "
Travis smiled awkwardly.
"Besides, why would I be afraid of not being able to sell it? The reason why diamonds are so expensive is because they are scarce. Every year, the quantity of diamonds is limited. Not to mention the top-grade diamonds from South Africa and ours, even ordinary diamonds are in short supply. There's a market for them. You can be ignorant, but don't come out and embarrass yourself, okay? "David mocked Travis.
Tevez was extremely embarrassed. Although he was vexed, it was not good for him to turn hostile. Not to mention him, the old lady also needed to ask for help.
If the supply was cut off at this time, where would he find more in a short period of time? Then, this quarter's sales would be affected. Also, in this world, diamonds from South Africa and the Land of Mercenaries were famous for being top-grade raw materials. South Africa was already taken over by other companies a long time ago, so they didn't lack a supply channel. Otherwise, Lin Guiren wouldn't have only focused on jewelry and gold and silver back then. It wasn't that he didn't want to do it.
If it weren't for the diamonds from the Land of Mercenaries, Lin Guiren's company might not be able to achieve a market value of 9 billion pounds, which was equivalent to 10 billion USD. Back then, his company's market value was only 5 billion USD, so one could imagine how much the sales of diamonds increased his company's market value.
The old lady and Travis thought that they could give up on the gold and silver business, but they couldn't give up on the diamond business.
But what they were afraid of came. Obviously, there was no room for negotiation this time.
The old lady's wrinkled face was like an old orange peel. She squeezed out an ugly smile and looked at David. "If it's about the supply price, we can discuss it again. We can raise the supply price by 5%. How about that?"
David asked everyone, "Can I smoke?"
"Sure." If it were any other time, they wouldn't be willing. After all, this was a conference room, and it was better to be serious.
But now, Travis and the old lady were smiling along.
After David lit a cigar, he looked at the four small shareholders and kindly said, "If you guys want to sell your shares, it's still not too late. Once the news of me stopping the supply of diamonds gets out, the market value of this company will drop by at least 20%!"
The old lady's and Travis' faces changed drastically.
Especially the old lady. If 20% of the company's market value dropped, that meant she would lose 800 million pounds for no reason! And this was just the minimum estimate. If the company couldn't find a supply source, the market value would drop to 5 billion USD, and she would lose close to 2 billion pounds! How was she going to pay back that money? Not to mention 20 years, she might not even be able to pay it back in 30 years. Without the profits from the diamonds, the profits would be even lower in the future.
Travis wasn't any better. He took out 3 billion from his family and just invested 2.2 billion. If the entire company's market value were to evaporate, he would definitely be laughed at by his competitors. If this investment failed, he would be doomed forever because the 3 billion that his family gave him was already one-fifth of his family's income.
"Mr. David, you really know how to joke." Travis's smile was uglier than crying.
The old lady was the same. "If there's any misunderstanding, we can talk about it. We're already sitting here, and these two companies have been working together for a long time. It's not nice of you to do this."
"You're not selling?" David ignored Travis and the old lady. Instead, he looked at the four small shareholders and said, "Then don't say I didn't remind you. In an hour, when I walk out of this conference room, someone will immediately be responsible for informing the securities company about this news. You guys can just wait to lose money."
The old lady and Travis were anxious.
"Mr. David, we can talk this out. Why are you doing this?" Travis stood up and looked at David sincerely.
The four small shareholders had already taken out their phones to call their lawyers.
The old lady was anxious.
When he said that he wasn't afraid of the four of them selling their shares, he was just trying to scare them. But at this critical juncture, the major shareholder had just been replaced, and the four original small shareholders had immediately left. In other words, the entire original group had left. The major and second shareholders had been replaced. Then, the remaining few small shareholders had also sold their shares and left. This made people feel that it was a conspiracy.
At this time, the speculators in the stock market would analyze the situation. Did the sudden departure of the group that Lin Guiren had single-handedly led mean that he was no longer optimistic about the future of this industry and was looking for another one?
And all the original shareholders had been replaced. Did this mean that there was an internal turmoil in the company?
Those people were very sensitive. Any slight personnel change in a company would affect the stock price. Moreover, all the original shareholders had been replaced. This was too strange.
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