Please support the translation by reading the translation and commenting on otakutl official site.
Thank you.
Everyone from Otaku Translation
Previous | TOC | Next |
Chapter 138: Lynch, Understanding and His Capital
Neo ultimately persuaded the board members with his eloquence and his plans, which was also related to the current situation in Listoan.
These people wouldn't blindly trust someone who had deceived them more than once. They would surely find out for themselves if what Neo said was true or not and then make a decision.
But fundamentally, there wouldn't be much change because this time Neo wasn't lying.
However, these matters remained distant from the concerns of ordinary people. The notion of a key economic enterprise contemplating departure from a region, despite potential agreements with local authorities on certain fronts, wouldn’t be easily achieved.
Just resettling the workers and employees who couldn't move to other states with Listoan would consume a lot of time.
The next day, which was Saturday, after the fermentation of the Friday reception, people began to pay attention to some aspects of Lynch's second-hand goods trading auction.
Some individuals who didn't seem to fit in with the rest appeared at this auction.
They were dressed in expensive formal attire, maintaining a refined appearance even in the scorching heat. Despite their continuous perspiration and occasional wiping of sweat, they still managed to exude a sense of grace that didn't come across as overly impolite.
These individuals watched Lynch's auction throughout, and some even actively participated. In fact, these individuals were all potential partners of Lynch.
How to expand a business had always been something businessmen relentlessly pursued.
The conclusions drawn by each person might vary. Some might believe in putting effort into craftsmanship, while others might emphasize integrity. But what truly facilitated rapid business expansion was the operation and means of capital.
Perhaps the presence of these respectable individuals today sparked a desire for consumption in some, because by the time the auction ended at seven in the evening, the total transaction amount was slightly higher than last week by twenty thousand bucks. This unexpected upward trend brought many positive effects to the auction.
As soon as the auction ended, several businessmen approached Lynch, wanting to discuss cooperation matters with him.
Capitalism was never kind, compassionate, or loving.
In the ocean of capitalism, plunder was fundamental.
Under federal and financial laws, if a company's market value surpassed ten million, it was required to accept investments from investors. Of course, the way they presented this requirement sounded more appealing, saying that mandating that a company with assets exceeding ten million to have multiple shareholders and a board of directors with more than ten members was primarily aimed at preventing financial crimes.
In other words, if Lynch's Interstellar Trading Company's market value exceeded ten million, he wouldn't have the right to refuse investment from others; otherwise, his company might face investigation.
As for how much money others could invest and how much stake they could get from him, he could negotiate, but he couldn't refuse.
And when a company's market value exceeded one billion, the company must go public. Only after being listed for a period could it be delisted.
In official terms, as companies expanded, they were expected to contribute to society while also being subject to public oversight. This was also intended to prevent financial crimes.
But in reality, these laws were primarily for the convenience of capital to prey on other capital. The market of capital was always a deep, dark ocean, where everyone was a predator and, at the same time, prey. It was a game of survival.
Infinite appreciation and depreciation were the most common phenomena in this world. How to become someone who appreciated and was always in a position of a predator was what every businessman, especially those who could be called capitalists, pursued.
Compared to other entrepreneurs who feared investors, Lynch's attitude seemed much more generous. He even invited these people to a hotel and opened a business suite with a meeting room.
Sitting in the room, feeling the cool breeze from the central air conditioning, these gentlemen who had been stifled in the gym for hours finally breathed a sigh of relief.
After a brief rest, someone smiled and asked Lynch about his views on investment.
In fact, at yesterday's reception, these people had already exchanged opinions with Lynch. Today, they mainly came here to inspect on-site. If they could cooperate, they would. If they couldn't but there was profit, they would consider whether they could compete with Lynch for business.
While they wouldn't openly admit to it, behind the scenes, they would have individuals register a company to conduct the same business as Lynch, even if they were part of the same faction; they wouldn't back down when it came to competition.
"I won’t refuse investment. In my opinion, it's better for everyone to make money together," perhaps this statement held a different kind of allure. Soon, the atmosphere in the room was stirred up by Lynch.
He presented some data to illustrate that this was a very profitable project. "So far, the profit from a single auction can guarantee about fifteen percent of the total turnover. After deducting some other expenses and necessary costs, the net profit fluctuates around eight percent…"
"If seats related to cooperation are added for sale, there will be additional stable income. In Sabin City, it's about twenty thousand bucks per week…"
To be honest, this was already a very attractive figure. About eight percent net profit, even some large corporate groups dared not guarantee they would be able to make this much money.
Moreover, being able to maintain such a profit trend under the current economic situation was what interested these businessmen in front of Lynch.
They might not necessarily be genuinely interested in this deal; what they valued was the political significance behind the auction and its ability to provide a reliable and stable cash flow during economic downturns. That was what they needed most.
Lynch continued to promote these things with a slightly excited tone, tinged with a sense of reverence, almost resembling a pilgrimage. "Since the instructions of three stages of the auction, there hasn't been a significant decline in the transaction amount. In fact, today's transaction volume has even seen a slight increase. This situation tells us that its potential has not yet reached its limit."
"I am currently actively preparing to hold auctions throughout the entire state, and in this regard, I have already received recognition from the mayor and the governor. In the fourteen cities across the state, there will be uniform prices, services, and quality in the second-hand goods trading auctions."
"Furthermore, I'll reveal a new small project here. I will establish a distribution center for second-hand goods trading, gradually reducing low-priced goods after each auction, increasing high-priced goods, separating low-end and high-end goods, and providing a more premium customer experience…"
"According to my current estimation, if each city's auction proceeds smoothly, the net profit per month should be over a million."
The businessmen in the room looked at each other. They hadn't expected such astonishing profits from a seemingly inconspicuous second-hand goods trading auction.
Even their own estimations of profits exceeded what Lynch vaguely referred to as "over a million". He had more profit space, especially with those seats.
They had already figured out that each seat could bring Lynch five bucks in income, and the reason those salesmen were willing to join this seemingly extravagant feast game was that Lynch could ensure that the top three salesmen would earn over ten thousand bucks a month.
In other words, if salespeople wanted to earn more, their enemies were their colleagues, and their colleagues were their own greed.
If one arranged for someone to participate in the auction and, when necessary, bid for oneself, assuming the investment for the seats and auction participation amounted to nine thousand five hundred bucks, and they could secure the third position, they could still earn an additional five hundred bucks by the end of the month.
So, they didn't need to worry about not being able to sell these seats. Rather than calling these people Lynch's partners, it was more accurate to say they were a group of gamblers, and Lynch merely provided them with an unconventional gambling method.
Those people wouldn’t care about how others would judge them. With a profit of over a million per month, it was more than enough to attract them, not to mention there were many additional values behind this business.
For example, accepting advertisements for some goods on flyers at the auction, promoting products through lucky draws at the auction venue, giving away experience vouchers and film tickets…
These were all ways to make a profit. As long as there were people, as long as these people had the ability to consume, capitalists would find a way to exploit them. This concept also formed the basis of "traffic" in the internet era.
At this moment, someone asked a core question, "Mr. Lynch, how much do you think your Interstellar Trading Company is worth, and how much money do we need to invest to get shares of your company?"
Lynch nodded slightly, his lips curled up into a smile, "Following the mainstream calculation method in the current financial market, estimating the short-term value of the company at three to five times the annual income is a very reasonable calculation method…" Others nodded in agreement; this was indeed how the calculation was done according to the current methods in the Baylor Federation.
"Based on my possibly not very accurate estimation at present, from the second half of the year, the net profit of Interstellar Trading Company is about one point two million per month, making it around fourteen point four million per year."
"Let's take the average, and estimate the company's value at four times the annual profit. I believe the market value of Interstellar Trading Company should be over fifty million…"
When Lynch said this, the people across the table suddenly realized that something wasn't quite right. Today, Lynch's income was probably only about sixty thousand, yet he estimated his company's market value to be over fifty million.
This didn't quite add up. If they wanted to invest, just one percent of the shares would cost them five hundred thousand federal Thor. This… seemed a bit off.
The room fell silent for a while, and Lynch didn't speak up either. He just looked at these people with eyes that seemed to see gold bars. After all, all of them represented money!
Please vote for this novel at
If you would like to support this translation, you may choose any one of the options below.
There are advance chapters available now
Access will be granted 24 hours after the donation
Tier 1: 7 Advance chapters
How to find a list of chapters
Please find the chapter label next to your favorite translator's name, and click the label.
No comments:
Post a Comment