YM778.TV Chapter 564 - Trap
Location- Sky Blossom City, Association Guild Mall, Warehouse no.234
"Miss Diana, I didn\'t think you were so enthusiastic about our partnership. I am touched and look forward to us working together." I welcomed Diana, Jaya, and Cindy into the warehouse. I was indeed surprised to see Diana visit me so early. It hasn\'t been an hour since our verbal agreement on the grimoire call.
"Master Wyatt, how could I not be? This partnership will take Fine Gold to a new stage, which has been my aim since I started this company. Now that I have an opportunity to achieve that, how can I not be enthusiastic?" Diana maintained her professional smile and made small talk.
"Haha, I am happy to hear that you are as invested as I am in our partnership. Miss Diana, they are Manager Susan, Guild Master Van, and Captain Ben." I introduced my entourage to Diana.
"Nice to meet you. Master Wyatt, you must have already met them, my little sister Jaya and my secretary Cindy." Diana too politely introduced her company to me.
"Miss Diana, would you guys prefer any cold drinks or hot beverages?" Susan offered beverages to our guests, performing our duty as the host.
"Susan, serve Miss Diana, and others diluted silver milk water. They must be thirsty. After all, the weather outside is harsh." Before Diana could answer, I butted in and answered for her. During my conversation with Diana earlier over the grimoire call, I had promised Diana a sample of silver milk powder.
"Sure, thing." Susan nodded and hurried to make arrangements.
"Master Wyatt, Silver Milk Water?" Diana asked in confusion, thinking whether Silver milk water had any relation with silver milk powder.
"Didn\'t you promise to help me check whether the silver milk powder\'s effect holds up to its rumors?" I explained.
"Yes, I did. It\'s so thoughtful of you to remind me, Master Wyatt." Diana thanked me for keeping my promise.
"Good, I hope you have come prepared with all the necessary documents," I asked regarding the share transfer.
"Yes. I will forward the related Documents for 51% of the Fine Gold share transfer to your grimoire. Please check if something is not up to your liking. We are open for negotiation." Diana forwarded the documents to my grimoire, expressing that the contents in them are not final and any changes to the contract are open for discussion.
"Received," I let Diana know as my grimoire received the documents she forwarded to me.
The documents contained all the current information on properties, fixed assets, investments, real estate, trademark, Financial assets, etc., of Fine Gold. I had the Hive AI cross-verify it by hacking into the Fine Gold records maintained by the City hall and the Fine gold itself.
Checking Fine Gold records should be enough to know whether the documents forwarded by Diana contained the whole truth but checking the records maintained by city hall on Fine Gold, I will know how much Diana is hiding from the city. Since I would own 51% of fine gold, I had to know how much of it is white and black.
After cross-referencing the documents of all three records, the results came out squeaky clean. Honestly, this surprised me. The Fine Gold didn\'t even involve in the most typical of crime, tax evasion. Now, this was really surprising. For a company like Fine Gold, which is filled with crooked people, it was spotless. Unable to believe it, I had Hive AI cross-check it again. And once again, the results came out spotless.
After thinking about it, it makes sense. If fine gold were crooked in its financials, the Circle would not have difficulty taking it over from Diana\'s hands. Being an upstart, Diana had to fend off many hyenas who wanted to gobble up her company. She did not have the luxury to slack off cause even the slightest chuck in her armor. These globins would start tearing it apart. Therefore she had no choice but to be clean this way, those dogs would not have a bone to bury in the ground. I, too, was planning to use any discrepancy found against Diana, but it seems the world had already prepared her for that.
"Miss Diana, I am impressed. Despite the reputation of fine gold outside, you have managed to maintain its financials spotless. Though the methods you used to acquire these child companies\' under fine gold are questionable, you did lawfully acquire them." I was in awe of how this woman managed to collect so many assets and companies under one name. She played dirty, but they were well within the gray area of the law.
Going through the records of Fine Gold and City hall, I could see how hard Diana had worked to make Fine Gold what it is today. The more I went through these records, the more I was impressed by Diana and satisfied with my decision to make her my representative in Sky blossom city.
"..." As I came across the company rules and regulations for the Board members and stakeholders, I could not help but frown because most of these rules were meant to limit my power as the owner of the majority shareowner. It was as if the board plane was meant to suppress my authority in the company. I finally saw the trap Diana had dug for me.
\'Any transfer or sales of shares should be made with the approval of the company board.\'
This rule was acceptable, but once I read the company rules for the Board panel and its voting system, I realized Diana was directly cutting off most of my power as the majority shareholder.
As I checked the number of shareholders in Fine Gold and who they were, I realized that even if I owned the majority shares in the company, the decision-making still lay in Diana\'s hand as the other two stakeholders were her friends and relatives, her trustees. So she will always have the majority of the votes.
If I were to sign this contract now, I would be trapped with 51% of totally worthless share because If I were to ask for dividends for my share of the company, they will hold a board meeting and deny it, the same goes if I want to transfer or sell them.
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