I Picked Up a Dimensional Travel Machine: Wizard - Chapter 67



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Lying down and eating genetics (2)
In this way, the management rights of Ganadako were changed.

Merger with MF Energy & paid-in capital increase.

The announcement that it would go all-in on finding a solution by purchasing abnormal oil fields with paid capital increase funds caused considerable ripples in the existing energy markets.

It’s already been over three months since the strange phenomenon known as the petrification of genes occurred.

No solution has been found anywhere in the world.

In such a situation, they are risking their lives to conduct research at a place called ‘MF Energy’ that is an oil company ‘in name only’ and does not have any oil-based facilities or research personnel.

Naturally, leading energy companies around the world, including multinational corporations, laughed at this.

Although he may have felt that way on the inside, he outwardly supported the challenge and quickly handed over the oil field with the abnormal phenomenon at a relatively cheap price.

I quickly handed it over just in case MF Energy (Ganadako) changed their words.

They signed a contract to take over 46 oil fields, excluding the four that they rejected, saying they would conduct more research themselves.

The required funds were 2 billion dollars (2.2 trillion won).

As time passed, the shareholders’ meeting date approached.

First, as previously announced, the management of Ganadako was replaced with Robert, Julia, etc., and a merger was conducted with MF Energy.

And then immediately changed the mission to MF Energy.

To raise $2 billion, MF Energy (Ganadako) conducted a paid-in capital increase of $4 per share.

This reckless challenge by MF Energy became a hot topic to the point of being a topic of discussion overseas.

Contrary to the buzz, the stock price plummeted.

A paid-in capital increase is when existing shareholders are forced to pay additional money equal to the current share price.

Splitting the stock in half gives existing shareholders priority in the ‘capital increase’.

But to get that priority, you have to pay $4.

The current stock price is $3.50.

But it costs 4 dollars.

That makes it a full week.

If you don’t participate in the increase, it will become 0.5 weeks.

They say they are going all-in on the ‘abnormal phenomenon’ with the $4 (x 510 million shares) they collected.

In the end, existing shareholders (20.24%) excluding MF Energy did not agree with this reckless challenge.

Only 30% of existing shareholders participated in the paid-in capital increase.

20.24% x 30%. Thanks to this, MF Energy’s stake increased.

It became 86.84%.

Instead, the stock price fell to $3.10.

MF Energy paid an additional $1.79 billion of that $2 billion.

The remaining $270 million came from institutional and small individual investors.

So, all of the $2.06 billion was used to purchase the oil fields where the abnormal phenomena occurred.

“Levi, please tell me how to resolve this anomaly. The purchase of the genetic resources has been completed.”

Robert A. Mosbacher, CEO of MF Energy, asked the question.

“Huh? There’s no such thing?”

“Huh?? What are you talking about? You don’t have a solution? I’m sure MF Invest’s CEO, Lewis, boasted that Mr. Levy could solve this situation in some groundbreaking and innovative way. What are you talking about now?”

“Ah… You misunderstood what I said. There is no groundbreaking way to solve the problem of petrification.”

“Then? What about our company?”

“Just leave it alone. Time will take care of it. You just have to wait about 30 to 40 days.”

“How?”

“You don’t have to know the details. Just don’t operate the genetics and stay quiet. Don’t touch anything. Just wait quietly. And don’t get excited about doing unnecessary research.”

‘The magic I cast is temporary~!! I didn’t use mana stones to increase its duration or turn it into an artifact, it’s just a one-time magic that will naturally dissipate over time.

Of course, the Earth’s mana was so abundant and the magic I cast was relatively efficient, but the petrified oil fields would naturally liquefy again over time.

I don’t know exactly, but I did some calculations while secretly going to a few petrification oil fields, and it seems that in 30 to 40 days, the magic will completely wear off and it will turn back into a liquid.’

“But still… the world’s attention is on us. Can we just leave it like that? Who would accept something like this?”

“Hmm. I see. Then, if something like this happens again in the future, no one will sell the oilfield. I was planning to use it often in the future… Okay. Good. How many oilfield tools do we have? Roughly.”

“Average of 5 to 10 genes for a total of 66 genes. I’ll have to recompile the exact numbers, but roughly, I’d say there are between 330 and 660.”

“Then I will give you a special substance that can solve this problem by next week. Tell them that it is the result of research conducted at a secret laboratory. Pour the liquid(?) I give you into each tool. Keep it confidential. And make sure that the researchers do not analyze or do anything about it. Is that possible?”

“Yes, it is possible.”

‘I guess I’ll just buy a 330ml bottle of water from the mart and pour whatever I want into the plastic bottle. I’ll use something like coffee to make it weak, since I need some color. Hmm. Okay. Let’s pour some gasoline too. The smell when I open it is important.’

In this situation, MF Energy (Ganadako)’s stock price could not avoid a continued downward trend.

It was understandable that he had purchased the genetic material in which the abnormal phenomenon had occurred as a paid-in capital increase.

But there was no movement.

There was absolutely no sign of anything being actively done for research.

This situation was directly reflected in the stock price.

But there was a twist.

A week later, MF Energy made a public announcement on the stock market.

The first attempt is underway as the research on the solution to the abnormal phenomenon heredity has been successful. Already, 50% of the 66 genetic sites have been prescribed(?). The rest will be completed within a few days. The final results will be known in about a month. The specific application principles, etc. are confidential and cannot be disclosed. There are no plans to register a patent for this substance.

– MF Energy. November 25, 2014.

The market reaction was polar opposites.

There were those who cheered for the ‘achievement’ because no one had even the slightest clue during that time, and those who dismissed it as ‘unbelievable’ and said it was just a last-ditch effort to shake up the stock price.

And taking advantage of the confusion, Min-gi secretly visited the four oil fields that had not been sold to MF Energy since they were petrified, and used artificial mana stones to permanently cast the three types of magic of .

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It would be a problem if this were to be solved automatically.

Anyway, the important thing is that it is true that MF Energy caused a storm in the energy market.

Days passed like this amid the keen interest of the world’s media and energy companies.

Of course, the act of MF Energy employees injecting special substances into the tools was a meaningless act, but the media gave it major coverage.

This behavior in 3 or 4 oil fields where the last-minute work (show) was done was broadcast live on TV.

Min-ki was very worried that the liquid might be exposed, but fortunately, the bottle was kept a secret as it was top secret, so it was not directly exposed.

A scene where an unidentified liquid is poured from a bottle of mineral water called ‘Evian’.

It was very fortunate that it was not exposed.

From now on, I should put it in a more luxurious, transparent glass bottle.

As early December passed, the rock formations in the oil fields began to dissolve one by one, just as Min-gi had calculated.

However, it was still quite thick and not thick enough to extract oil.

By mid-December, some oil fields had thinned enough to allow for extraction.

Eventually, around Christmas time on December 25, 2014, the lithification of all 66 wells was resolved, making it possible to extract crude oil again.

And the stock price of MF Energy, which had been fluctuating since early December, began to soar exponentially after December 10, and finally hit $350 on December 31.

After the announcement, it recovered to $7 on high expectations, and in December, it rose from $7 to $350 at the end of the month. It was a 5,000% increase.

This happened because in the United States there is no daily upper price limit.

The original stock price of Ganadako was around $110 before Min-ki intervened.

Kanadako owned oil fields of about 2.5 billion barrels and produced about 170 to 180 million barrels of crude oil annually.

This was when the international oil price was over $100, so if you calculate it at roughly $100 per barrel, that means producing $20 billion worth of crude oil.

Of course, there were other businesses besides crude oil, such as gas and oil refining, but 60-70% is the crude oil business.

Anyway, the market capitalization, which can be used to estimate the corporate value of Ganadako, has been fluctuating between 50 and 60 billion dollars.

That is, 2.5 times the annual crude oil production.

Originally, it was normal for the price of international crude oil to fall to $80 by the end of the year due to the sharp drop in 2014.

However, it was hit by a bombshell due to Min-ki’s hostile M&A and the petrification of genetics, and it fell to $5.

Ultimately, MF Energy’s paid capital increase and reckless investment blunder (?) pushed the price down to $3.5.

However, MF Energy, which already had 2.5 billion barrels of oil reserves, purchased an additional oil reserve that could produce 12.5 billion barrels at a low price due to the petrification.

Combined with the existing ones, the total is 15 billion barrels.

Now all the genes are normalized.

Currently, 70 oil fields are petrified, unlike the original history, and there is concern that this phenomenon may increase, so the international oil price is at the $70 level.

The original crude oil price in early 2015 was around $50.

It is a 15 billion barrel oil field, but annual production is about 1.3 billion barrels per year, based on the period when there were no problems.

Worth 91 billion dollars (100 trillion won).

The market capitalization is about 2.5 times the annual crude oil production, so the original value is 227.5 billion dollars (250 trillion won).

However, MF Energy is the only company in the world that has a solution for petroleum-based oil fields.

There was an additional premium attached.

Thanks to this, the stock price should normally be around $220-$230 per share compared to the value of the holdings, but it hit $350.

Market capitalization: $360.5 billion (KRW 397 trillion).

The number of shares issued through paid-in capital increase increased from 515 million to 1.03 billion.

Of these, 86.84% is owned by MF Energy.

The stock valuation of Min-ki was 313.1 billion dollars (344 trillion won) for MF Energy alone.

As of August 2015, Sungsam Electronics’ market capitalization was $146 billion (approximately 160 trillion won).

Through one genetic trick(?), Min-ki came to own a company more than twice the size of Seongsam Electronics.

‘This is pretty good. Should I make more petroleum fields? Should I eat up a super-large field of about 10 billion barrels? Hmm. No. These fields are almost all state-owned, so I can’t eat them. Let’s be satisfied with this for now. If I run out of money later… How can I run out of money? Anyway. Later… Hehehe.’

The whole world was amazed by MF Energy’s explosive growth and showed keen interest.

MF Energy (Ganadako) is a listed company, so its shareholding ratio is disclosed.

The stake is listed as MF Invest 86.84%.

Thanks to this, the media’s attention was focused on MF Invest.

However, MF Invest was completely hidden behind a veil as an unlisted company.

In addition, MF Invest’s stocks are 100% owned by Min-ki.

No debt.

Therefore, it is impossible to verify the shareholder register using the rights of shareholders or corporate bondholders.

The media, various organizations, and the government have continuously requested the list of MF Invest shareholders, but MF Invest has never disclosed it.

The moment this becomes public, Min-ki will be named the world’s richest man.

The world’s richest person in 2014 was Bill Gates, with a fortune of $71.1 billion (KRW 78.2 trillion).

Of course, this is a ranking excluding public property, family line, etc.

Min-ki said MF Energy alone is worth 313.1 billion dollars (344 trillion won).

It is more than four times more than the previous number one.

Min-ki had no intention of revealing himself to the world yet.

Of course, each country’s intelligence agency will be secretly aware of Min-gi.

There was also a rumor going around Wall Street, albeit secretly, that MF Invest’s largest shareholder was a ‘young Asian’.

The rumor probably started through people I met when I was taking over the McMillian family’s ‘Ganadako’.

Because there were definitely people from the McMillian family there at the negotiating table, including the lawyers.

The eventful year of 2014 has passed, and the new year of 2015 has arrived. Soon, the warm spring weather will begin to spread, and the time for another leap forward is approaching for MF.

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