Silence dominated the room after Jaden had spoken. Everyone had a change in their expressions, as they looked at Jaden, wondering if there was something wrong with his mind.They had already said that they wanted to buy the shares from him, but he was still claiming that he wanted to buy the shares from them. From this, it was clear that none of them would be able to get what they wanted.
"Mr. Moore, why don't we just forget about the matter of purchasing the shares. We all want the shares, but there are no shares to buy. So, why don't you talk about the matter about you taking the company's money for your own personal use?" One of them suddenly broke the silence.
With that, the others did not speak, but they looked at Jaden, wanting him to speak up. Of course, they all wanted the company to continue prospering. After all, as one of the biggest companies present within the city, it held its own prestige.
And as the shareholders of the company, they did not want to see the company collapse. It was not only due to the benefits that they were currently receiving in form of dividends, it was also due to the influence that they possessed due to the influence of the company.
"You don't have to worry much about the money being returned to the company. That is something that I will definitely do. Still, I'm going to talk about the shares. I'm going to pay you so that you can give me your shares, and I want you to give me the shares at two times the market price." Jaden responded.
The group of shareholders was immediately dumbfounded after hearing that. They obviously could not believe that Jaden was willing to spend money, to buy the shares. Would it be that he had found something that was unique about the company?
Jaden seemed to have seen through the thoughts that these people were having. So, he continued, "Like I had said before, I like this company. I am not willing to have other people control the company with me. I want to be in full control of the company, and my decisions should not be questioned in any way."
"It is due to that that I have decided to spend the money in my pocket, to purchase the shares at the price two times the market price. You all understand the current market price of the shares, right? With that money, you can use it to buy shares in another company of the same level." Jaden continued.
Another moment of silence had descended into the room. It was clear that everybody was contemplating on what to do.
Finally, the lady in the room spoke up. "Are you sure that you are willing to offer twice the market price for the shares that I hold?"
It was clear that the lady found it impossible to believe, considering that it was going to be a considerable amount of money for a person to be able to acquire all the shares that they currently had.
In total, they held 49% of the shares. If one made the calculations, in order to purchase those shares, it would cost about $245 million. And with Jaden asking them to sell the shares at twice the market price, it would cost about $490 million.
But of course, that was just rough calculations. If actual calculations were made, then, in order to purchase all the shares that they were having at twice the market price, Jaden would have to spend at least $500 million.
That was definitely not worth it. After all, the company's current worth was just approaching $500 million. Even though it was just a small amount away, just about 2 million, it was not that far away from reaching the value of $500 million. If Jaden decided to invest this money somewhere else, he could definitely get something better.
Or maybe this was just the logic of the young masters. Maybe this was just how they were, carelessly spending the money that their parents had worked so hard in order to be able to get.
Still, the majority of the shareholders were unwilling to lose the opportunity of holding the shares of such a big company. It was not just about the money, it was also about the reputation, together with the connections involved.
Nonetheless, there was always somebody that was interested in something like that. Those were the people that had invested casually, obtaining the shares of the company when it was still not yet developed to the current stage.
Then, with the company developing to this level, they thought that the money that they had spent was definitely worth it. And now, other than the profits and other gains that they had gotten during the time that they were owning the shares of the company, they could sell the shares that had already risen in price, at twice the market price.
"Then it is agreed. I'm going to sell my shares to you Mr. Moore. Of course, before I transfer the shares, we have to come to an agreement, and sign all the required documents. You cannot go back on your word." The lady stated after a moment of hesitation.
It was clear that she was not yet believing that Jaden was willing to spend money so recklessly in purchasing the shares at such a high price. It was true that the price of the shares could increase according to the reputation of the company, but still, it was definitely not enough for the company shares to rise to twice the price, considering the current ability of the company.
"Sure. I have no problem with that. If you want, we can start the transfer right now. And then, after we sign the documents, I will transfer the money to you immediately." Jaden responded.
Even though he was happy, he did not show it on his face. To maintain a composed expression, to make sure that the others would not try to take this opportunity to increase the price of the shares.
"Why did you agree to sell your shares? I thought that we had agreed that we were going to make sure that he sold his shares to us. You just jumped ship like that?" The man with a fiery temper could not help but question.
It was clear that he was not happy with the decision made by the lady. After all, with her selling the shares, the power that they held was going to be reduced, while Jaden's was going to be increased.
If Jaden's power surpassed theirs by an incredible margin, it was going to be impossible for them to be able to make him change his mind. In the end, they could only decide to sell their shares to Jaden, before looking for somewhere else that they could invest that money in.
Just after he had spoken, thinking that things would not get worse, the other suddenly began speaking, showing how willing they were to sell the shares to Jaden. They made the same conditions as the lady.
Jaden of course agreed to all of them. Now, the only person that had not yet agreed to sell the shares was the man with the short temper. Veins could be seen bulging on his forehead, as he glared at the other people within the room.
In the end, he let out a sigh. Then, he also agreed to sell the shares that he currently held to Jaden. What could he do? Even though he was a person with a short temper, that did not imply that he was a stupid person.
He understood that just by himself, it was impossible for him to be able to stand against Jaden. It was not impossible for Jaden to be able to suppress him, to the extent that he would not have any say in the company.
Instead of being in such a situation, it was better for him to sell the shares come and get something out of it, before buying shares from another company. It was not impossible for him to be able to get everything but he had gotten here, or even better, as long as he made wise choices.
Now, with everybody agreeing to sell the shares that they held, Jaden decided to begin the transfers immediately. He looked at Matthew who had been wide-eyed the entire time as he watched as the shareholders agreed to sell the shares to Jaden. Sёarch* The NôᴠelFirё.net website on Google to access chapters of novels early and in the highest quality.
"Mr. Sibi, would you mind preparing the necessary documents for us?" Jaden asked.
"Oh, I won't mind." Matthew responded. Then, with a lost expression on his face, he got up from the seat, and left the conference room. At this moment, he was feeling despair, thinking that perhaps he should just resign from his position as the CEO of the company.
He was not willing to go down with the company. If Jaden was going to make a decisions like withdrawing money from the company accounts for his own personal use occasionally, this was going to cripple the company.
And now, with the other shareholders agreeing to sell the shares to him, there was going to be nobody that was going to pressurize him to return the money to the company. So, if he decided to make the entire company collapse, nobody was going to stop him from doing that.
A little while later, Matthew came back with the documents, and Jaden and the other shareholders went ahead and signed the share transfer agreement. The one that held the biggest shares was the lady, holding 9% shares.
As for the others, two of them, each held 8%, another one held 7%, then two more held 6% each, with the last one holding 5%.
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After everything had already been done, it was finally time for Jaden to transfer the money. But, there was something that he was considering in his mind.