I Picked Up a Dimensional Travel Machine: Wizard - Chapter 66



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Eating Genetics While Lying Down (1)
“I don’t mean to come here and ruin the game or anything, but I still need an apology. Not only did the illustrious Dr. John Kesey of the McMillian family insult me ​​and make racist remarks at the party that night, but he also insulted my girlfriend Emilia Diaz, who tried to stop me, and then he went around messing around and sabotaging the Diaz family’s business? You want Emilia to apologize? On your knees?”

“that is……..”

“If you don’t want to apologize, that’s fine. I don’t want to force you to do it. Excuse me, but is there anyone from GE Capital…? What’s your name?”

“This is Kevin Houston, Director of Energy Finance.”

“Ah. Mr. Houston, you suddenly seem to be losing interest in Ganadako. By the way, if we back out, GE will just go ahead and enforce it, right?”

“Yes. Money is money, but the McMillian family will be completely stripped of their fork. Not even a single penny of slush funds or emergency funds. They will be kicked out of this mansion immediately. Our debt repayment enforcement is well-known. We are already tracking down the individual funds and goods of the 43 McMillian family members, as well as the 127 relatives and ordinary people who were close to them or had business relationships with them.

Just in case even a single dollar of the McMillian family’s money went in. Anyway, even if you sell the stocks, you’re still short about 1.4 billion dollars, so you have to get rid of it all. But since the amount is so large, you’ll send the rest to a coal mine in North Korea or Russia, and have them work until they die to pay off their debt.”

A guy named Kevin Houston, a director at GE Capital, was more perceptive than I thought.

It creates an atmosphere of fear by looking at the atmosphere that is returning right away.

No matter how much you try, you won’t be able to make enough profit to recover the loss of about 400 million dollars, let alone a penny or two.

So, in order not to break the board, I try my best to agree with Min-ki’s words.

Thanks to that, John Kesh McMillian’s complexion became a little paler.

“No. That’s… Levy-kun. I’m sorry. I made a mistake because I was drunk that day. Please forgive me.”

“What? Military? Levy-kun? You did it? What did you do?”

“No. I’m sorry. I was wrong. Please forgive me.”

“There is no sincerity. I cannot sign the .”

The head of the McMillian family glares at John Kesey with wide eyes.

With an expression that says, ‘You were the culprit?’, it really looks like lasers are going to shoot out of your eyes.

“I’m sorry. Please forgive me just this once.”

“No, but why do you have to kneel down like that?”

“yes?”

“……..”

“………”

– Thud.

John Keshi gets down on his knees and continues to apologize.

“I’m sorry. I’m sorry. I made a mistake.”

“No, but it’s not like you’re the one who’s the culprit, you’re saying that to your own mouth…”

“……?”

“Not to the point of hitting. It’s not self-harm……”

– Snap. Snap.

John Keshi continues to apologize while kneeling and hitting his mouth with his hand.

‘Hmm. I feel a little better now.’

“Well. Fine. I’ll accept the apology. I’ll sign it. Please finish apologizing to the Diaz family today, attach two more , and finalize the contract by tomorrow. I’ve forgiven them to this extent, but I honestly don’t know how the Diaz family will feel. Please try your best. If you don’t get them to sign the apology forms, you know this contract is meaningless, right? Anyway, I’m done with my business, so I’ll go now.”

“Yes, I understand. I will finish it well.”

“Ah~! Mr. Jeong! If you have time, would you be able to talk to me for a moment? If you’re busy, I can see you off.”

“Yes, Mr. Houston. Come out with me.”

GE Capital’s Kevin Houston followed suit and continued the conversation.

“Ah~! It’s really nice to meet you like this today. I’m finally meeting the person I’ve only heard rumors about.”

“Huh? What are you talking about?”

“Are you the actual owner of MF Invest?”

“Huh? That’s……”

“Haha. MF Energy is a wholly owned subsidiary of MF Invest. The largest shareholder of that subsidiary means that you are also the largest shareholder of MF Invest. Thanks to that, I was fortunate enough to meet the real owner of MF Invest, who had been shrouded in mystery.”

“hmm…..”

“It’s okay. I won’t go around bragging about it. Everyone on Wall Street already knows that there is a real owner, not CEO Louis Sullivan. Our GE Capital is also in the financial sector, so we know MF Invest quite well. What a wonderful return. Hehe.

Anyway, since a guy named ‘Louis Sullivan’, who was just a professional lawyer for a small(?) company in the East, was able to run a huge investment company in such an instant, the general opinion was that there must be a ‘real owner.’ I was curious because he kept his mouth shut, but after seeing the situation just now, I understand a little bit. Are you going to Harvard now? Are you still a student?”

“Haha. You’re really quick-witted. I noticed that when you chimed in on what I said earlier. That’s right. I’m currently double-majoring in business administration and mathematics. I’m a third-year student now.”

“I see you mentioned the development of the Chevron New Exploration Project earlier. Are you the same person as Mr. Levy, the genius mathematician at Harvard who solved the six great problems?”

“Yes, that’s right.”

“Oh, it’s an honor. This isn’t just empty words. Can we really have a meal together sometime when you have time?”

“Well. Since you intentionally set the mood today, that’s good. I’ll set a date and contact you soon.”

“Yes. Here is my business card.”

“And even if I don’t know the extent of ‘I actually met the real owner,’ I can’t spread rumors about ‘who it is.’ You know? I’m still hiding it on purpose. I’m also studying.”

“Yes, I understand. I think so too, so I’m following you here to speak quietly.”

Even though it was a short time, I felt like there was a pretty good guy named ‘Kevin Houston’.

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If you pretend to be nice, you’ll be kind and listen well.

If you’re a director at a giant corporation like GE, you seem capable.

If we investigate and find no particular problems, we may need to consider bringing them into our MF.

In some ways, isn’t today’s greatest achievement not this clumsy revenge drama, but meeting ‘Kevin Huston’?

A few days later, news broke that MF Energy – or more precisely MF Invest – had acquired Ganadarko Petroleum.

Wall Street finally gave in and said they understood why MF Invest was doing such a crazy thing, but they still couldn’t understand why MF Energy had taken such a risk and acquired Ganadarko at this point.

Of course, it is certain that he made a profit through short selling, but Ganadako is a place where all the oil fields he owned were cursed by God(?) and abnormal phenomena occurred.

Excluding the oil fields, there are only a handful of gas fields and two refineries left.

In any case, when the acquisition of MF Invest, which had been on a roll on Wall Street, was announced, the stock price rebounded slightly.

However, after that, the stock price gradually began to decline and move sideways again.

The change in the largest shareholder was clearly a positive development, but there were no notable rebounds afterward.

But then came new news.

It was news of the merger between MF Energy and Ganadako.

MF Energy’s capital was only 100 million dollars (110 billion won).

Although its stock price is currently down, during its heyday, Ganadako’s market capitalization was between $56 billion (KRW 61 trillion) and $76.5 billion (KRW 84.2 trillion).

Its current market capitalization is just $2.58 billion (KRW 2.8 trillion).

Still, at $2.5 billion, it’s 25 times bigger than a $100 million company.

But the merger ratio was set at 1:20. Naturally, the remaining shareholders rose up.

MF Energy convened an extraordinary general meeting of shareholders, saying it would merge the companies according to their ratios one month later, in a clever mix of mergers and acquisitions and paid-in capital increase.

Since MF Energy owns 62.5% of the shares anyway, it is useless no matter how much the remaining shareholders object.

When this news broke, the stock price fell again.

The idea was to sell off the stock before the merger was attempted and its value fell further.

I received the stocks that came out on the market one by one from MF Invest. 65%, 70%, 75%…

As MF’s stake gradually increased, stocks no longer circulated at around 75%.

At first, everyone threw their money at the stocks, but then they realized that the situation was a little strange.

The shareholders’ meeting for the acquisition of management rights by MF Invest has not even been held yet.

But, in that situation, was it really necessary to first announce at the shareholders’ meeting that there would be a ‘change of management rights’, a ‘1:20 merger with MF Energy’, and a ‘paid-in capital increase’?

Thanks to this, several individual investors and institutional investors who are quite active in stocks stopped selling and decided to wait and see how things went, preventing MF Invest’s stake from rising further than 74.7%.

“What a pity. I should have increased the stake…”

“Levi, the numbers are still high enough.”

“Please raise it more. Ah. I need to raise it more…”

“Even in the current situation, if we merge with MF Energy at a 1:20 ratio, our shareholding ratio will increase. The shareholding that we do not have is 25.3%. If we merge at a 1:20 ratio, the other party’s share will decrease to 20.24%. Our shareholding will increase accordingly. We will increase to 79.76%.”

“I want to exceed at least 80%……. Ah~! After the merger. Announce that you will purchase the oilfields of other companies that have experienced ‘abnormal phenomena’ with the funds secured through paid-in capital increase.”

“Huh? What is that…..”

“We will use all of the company funds secured through paid-in capital increase to purchase the oil field where the ‘abnormal phenomenon’ occurred and focus all our capabilities on finding a solution. That will be our top priority.”

“Then the stock price is likely to crash again? The participation rate in the paid-in capital increase will also be low.”

“That’s right. That’s what I want.”

“However, false disclosure may be subject to punishment.”

“Why is it false? This is not a joke. Buy as many oil fields as possible where abnormal phenomena have occurred. But buy them cheaply. You can buy all 70 of them. If you don’t have enough money, increase the paid-in capital increase. Don’t wait until the shareholders’ meeting, send your employees to negotiate right away. Then, come up with an estimate and increase the paid-in capital according to that amount.”

“Are you sure you have a solution to this anomaly?”

“Yes, I am sure. I can solve it. So for now, just push ahead to the point of saying, ‘I will take on a ridiculous challenge.’ That way, our stake will increase. If you make an announcement like this, no one will participate in the paid-in capital increase, right?”

“Well, I guess that’s the way it is now. However, there are quite a few institutions that are currently not selling their shares and are watching. They may participate in the paid-in capital increase.”

“If this is the case, what is the expected ratio?”

“Hmm… The paid-in capital increase ratio hasn’t been determined yet, but if we assume a 1:1 paid-in capital increase ratio, the minimum is 79.76%, the current level. The maximum is 89.88%.

The remaining 20.24% of shareholders will not all participate. They will announce that they are going all-in on the ‘abnormal phenomenon inheritance’. There is no way they will participate in such a crazy(?) thing.

“If we still participate by half, our share will be around 85%.”

“Good. And there are people who used to work at Ganadako but then fell out with the McMillian family. People who are capable but not good at keeping up. Anyway, look for people like that. Representative Lewis can’t keep paying attention to MF Energy forever.”

“Yes. We are already looking for such a person. If that doesn’t work out, we will bring in someone from outside.”

“Yes. Go ahead and do that. But please hurry up a bit. We need to appoint a new CEO before the shareholders’ meeting.”

Within a few days, Representative Lewis brought in a professional manager named Robert A. Mosbacher.

Robert served as COO at Ganadarko for over 10 years and never had any major issues.

Rather, he was a person who opposed Ganadako’s purchase of low-profitability oil fields in the United States, and then moved the company after being pressured by the McMillian family, who were the CEOs at the time.

However, after that, he went on to become a successful businessman and until recently, he was the CEO of Rosneft, a Russian oil company that is ranked second in the world among private companies.

Naturally, he received the three-piece magic set that a key talent should receive, and became Min-ki’s person.

They all accepted him because he brought in not only Robert but also 5 or 6 other key personnel who would act as Robert’s hands and feet.

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