I Picked Up a Dimensional Travel Machine: Wizard - Chapter 65



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Garbage Cleaning (3)
***[Book of Creation: Chapter 12 (Final Chapter). The Lost Flag of Saiton]***
Now, all the divine flags that the creator god gave in the beginning have disappeared.

However, due to Ragnarok (the final war of the ancient gods: Prous-Therion-Satyr) that occurred on Earth, only the Satyr’s sacred spirit existed somewhere on Earth.

Homo sapiens are the only modern humans surviving on Earth.

Thanks to this, subsequent history became the history of Homo sapiens.

The civilization of Earth, built by three ancient races, was completely destroyed by the explosion of the divine banner of the enormous Therion.

Homo sapiens lost all civilization on Earth and were no longer the rulers of the Earth.

The rapid decline of ancient humans led to the decline of civilization and a return to the Paleolithic Age.

However, Homo sapiens began to increase rapidly in number again through the Paleolithic and Neolithic periods, and over time they were able to ascend to the throne as the ruler of the Earth.

Then, humanity discovered the divine flag that Seyton had lost.

The divine flag has passed through the hands of mankind for countless times.

While there were people who were unable to use the device and ended up just possessing it, there were also cases where they were able to use the device through a combination of luck and fortune.

The first recorded user of the divine flag among modern humans was Dangun.

Dangun became the user of the divine flag when his blood accidentally came into contact with it.

The divine flag guided Dangun to the other world of Maldek, and as time passed, it reached a level where it could be used to some extent, although it was not perfect.

Dangun learned magic in Maldek, where magic and mana utilization technology were more advanced.

And he returned to Earth and took disciples.

The human race on Earth has evolved to reject the mana that has become so abundant so rapidly, but there are still people who have stronger Elohim blood due to their bloodline or genetic inheritance.

The same was true for his disciples, Poongbaek (風伯), Usa (雨師), and Unsa (雲師), so among the many people under Dangun’s command, only three were able to learn magic.

In this way, mankind occasionally began to use the divine flag that Seyton had lost.

After that, there were the First Emperor of China (2500 BC), the First Emperor of Qin (259 BC), Master Bodhidharma (6th century – founder of martial arts using mana), and Genghis Khan (12th century. User of martial arts).

However, after Genghis Khan, the divine flag disappeared without a trace.

No, there were users, but no one left a record (trace) that would be recorded in history…..(omitted)

“Levi, what is going on?”

“Well. The wrath of God??”

“Huh… right.”

“Anyway, how much profit did we make from this short selling?”

“The shares of Ganadarko that we sold short at $90 per week are currently at $45. However, it is expected to fall further from the current level. We can hold out for one or two more days and buy them after the price drops further. The current estimate is that it will be around $30 to $31. If we calculate it at $31, we have made a profit of $59 per share. If we give 80 million, we have made a profit of $3.83 billion (4.2 trillion won).”

“Wow, that’s incredible. Net income of $3.8 billion.”

“It’s exactly $2.8 billion (3.1 trillion won). That’s because we lost money when we raised our stock price through hostile M&A. At the time, we lost about $13 per share on average. So if you subtract that $1 billion (1.1 trillion won) loss, we ended up with a net profit of $2.8 billion. Thanks to that, we’ve already surpassed our target for this year. But, Mr. Levy, was the reason we lost $1 billion by announcing a hostile M&A and raising our stock price really a desperate measure to add to the losses of the McMillian family?”

“Yes, that’s right. If we had simply thought about our own interests, we could have just shorted the stock. Then the $3.8 billion would have been net profit. Instead, the McMillian family’s loss would have been limited to a 20% stake. Now, they own about 62.5% of the stock, so their loss has tripled.

If it had only been 20%, even if all the stocks had become worthless, the McMillion family would have had about $19 billion (21 trillion won) in cash and real estate assets left. Now, they have wasted all that money trying to increase their stake. And now they are in debt. My goal was to bankrupt the McMillion family.”

“Huh. Mr. Levy really…….”

“Anyway, please make sure there are no problems until the end. What will happen to Ganadako’s stock price in the future?”

“Well, if we don’t recover the oil fields that have ‘petrified’ or have any clear recovery measures, it will really plummet to below $10. At best, a few dollars. It’s only been about six days since the situation arose. If we come to a clear conclusion that there is no solution, all but a few gas and oil refineries will become useless assets. If it were an unlisted company, it would be able to hold on somehow. If it were a listed company, investors and shareholders would go crazy.”

“If we assume it’s around $5 per share, then the market cap would be around $2.5 billion?”

“Yes, that’s right. The total number of shares is about 500 million.”

“Hmm. Then, first of all, the $2.8 billion earned through this short selling… No. First, MF Invest should utilize and manage it on its own. But later, if Ganadako really falls below $5 per share, consider acquiring it.”

“Huh? Takeover? Ganadako? The fact that the stock price has fallen below $5 means that there is absolutely no way to resolve the current ‘abnormal phenomenon’. That is why it has plummeted to that extent. But why? Oh~! Do you happen to know the cause of this abnormal phenomenon and how to resolve it?”

“Well. Roughly. Anyway, I’m not saying you should unconditionally acquire it, but if the stock price drops that much, report to me about considering an acquisition. Okay?”

“all right.”

The McMillian family was hit hard by this genetic anomaly.

The stock price continued to fall endlessly, and there was no solution to the abnormal phenomenon in sight.

As this was not a problem unique to Ganadako, a ‘TFT’ was formed with leading oil companies around the world to seek a solution, but no solution was found.

For other companies, it was just one or two oil fields out of the many they had, but for Ganadako, the impact was so great because it was 100% (all 20 fields).

At first, the damage wasn’t this bad.

He spent $10 billion to increase his stake from the initial 20% to 17%, making it a total of 37%, in an effort to defend his control.

However, after the MF lost the war and foolishly sold off about 14% of their shares, they spent $9 billion to buy back additional shares (51% in total).

Up until now, it was possible to somehow solve the problem within the family’s assets, using secured loans and such.

But the short selling was a big deal.

I spent $5.85 billion to short 65 million shares at $90, and I really didn’t have any money at the time.

In the end, even after emptying out the last of the tightly hidden slush funds, he ended up taking out a ‘credit loan’ worth nearly 3 billion dollars.

It was a loan with an interest rate almost comparable to that of private loans.

62.5% of Ganadako’s total 510 million shares, or 320 million shares.

However, the current valuation is around $10 per share.

Even if you sell all of this for $10 each, it’s only worth $3.21 billion.

All other assets of the family have already been transferred.

The McMillian family owns only 62.5% of Ganadarko, aside from a few houses.

But even if I sell all of this, it won’t be enough to cover my credit loan amount.

With interest included, that’s $3.3 billion that’s due at the end of this month. It’s a total bust.

Finally, after a month, the McMillian family could no longer afford to pay the debt and began negotiations to sell their stake in Ganadarko.

No matter how hard I tried to hold on to it, I couldn’t seem to find a solution to the genetic ‘abnormality’.

Ganadako’s stock price was already at the $5 level.

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There were rumors going around that the company was cursed by God.

Otherwise, the abnormal phenomenon occurred in only 70 of the 65,000 oil fields around the world, and it is unlikely that all 20 of them are owned by ‘Ganadako’.

As a result, the sale negotiations were sluggish.

No, there were some initial concerns, but everyone lost interest because of the ridiculous demand for a management premium of 250% of the stock price.

But the McMillian family was also at an end.

If you sell it at the current market price, you will only receive $1.6 billion at most.

But the debt is $3.3 billion.

So you should get at least double that.

To even put food in your mouth, you need to get 210%~220%.

But nobody cares.

The term ‘divine punishment’ has already been circulating in the oil energy market.

There is no solution.

As a result, there was chaos in the secondary financial sector that had provided credit loans to the McMillian family.

The first financial institution that made the loan did not suffer much loss because it had already received the family’s illiquid assets as collateral.

But the secondary financial sector is different.

I have to get back the 3 billion dollars I lent.

If things continue as they are, we will only be able to recover the principal of $1.6 billion (1.8 trillion won), let alone the 10% interest of $300 million per month.

Lastly, I received a call from MF Energy, the mastermind behind this incident, saying they wanted to negotiate the sale of debt and shares.

The McMillian family, creditors from the second financial sector, and representatives from MF Energy, the prospective buyer, gathered.

On this day in particular, Min-ki followed along.

It’s the final chapter of revenge, so of course I have to go…

“This is our final offer. 2 billion dollars (2.2 trillion won). Let’s get this over with. Debt and equity.”

“What? That money is impossible. The principal amount we lent is 3 billion dollars. Absolutely not.”

“If this continues, you will only be able to recover $1.6 billion in principal, let alone interest. Even if the creditors collect the stocks and sell them directly, the stock price will fall below the current $5 when the McMillian family’s situation becomes known. So, GE Capital should just cut its losses. Can’t you get at least $400 million more than if you sell them right away?

“The McMillian family should just get rid of their shares and debts and be done with it. I’ll give them something like 124% of the current valuation. What do you think?”

“that is….”

“hmm…..”

“We are in favor.”

The head of the McMillian family continued to speak with tears in his eyes. It was much more advantageous than being charged for the difference.

“What about GE Capital? Have you decided yet?”

“Okay… Okay. I agree.”

“Okay, let’s draw up a contract. We’ve drafted it. Have the lawyers accompany you review it.”

“yes.”

……

“Huh? What does this mean?”

“Huh? What?”

“Here. Article 12, Section 1. This contract will be valid only if the McMillian family makes a sincere apology to ‘Levi Chung from a remote part of Asia who is just a little smart and has a little money’ and ‘Emilia Diaz, Zachary Diaz’ of the Diaz family, and receives a from all three.”

“???”

“It’s literally true. Without McMillian’s apology, all of our conversations up to this point would have been for naught.”

“Huh? What are you talking about? Who is Levy Jung? Who are the two members of the Diaz family? And who is the one who is going to apologize?”

“The person who should apologize is John Kesh McMillian,” Min-ki said as he stepped forward.

“Who are you?”

“Isn’t it written there? ‘Levi Chung from some remote Asian village who’s just smart and has a little money.’”

“Huh. No way. This is happening… Could it be. Because of John Kesh McMillian… No way?”

“Oh. How could that be? I just played a small part. Anyway, what is the McMillian family’s choice?”

“I’ll call John Keshi right away. Let me hear what’s going on. Just a moment.”

The head of the McMillian family, a 60-year-old grandfather? An uncle? Anyway, that head of the family suddenly turns pale and goes out.

After about ten minutes, the head of the household came back into the negotiation room with John Keshi.

The two were still talking to each other as they came in.

“What are you talking about? Grandfather. No, Master. How could that be?”

“No need to say anything. You’ll know if you come and see for yourself.”

“yes.”

“I brought it with me.”

“who….?”

“Ah. Dr. John Keshi? I saw you at the Chevron New Exploration Project Development. Also, I’m Levy Jeong, who I met at the last Harvard Alumni Lecture Night. Do you remember him?”

“Why are you… here?”

“Why? I just followed you. I wanted to take a look.”

“what?”

“I guess you haven’t gotten the message yet. You know that the McMillian family is almost ruined, right? We need to at least pay off the debt… Tsk.”

“You? What are you? This is from a company called MF Energy….”

“Mr. Levy Jeong is the largest shareholder of MF Energy.”

An employee of MF Energy quickly answers.

“omg!”

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