Super Spender Chapter 576 – Chapter 576: Chapter 570 Still So Awesome (Part 3)

Chapter 576: Chapter 570 Still So Awesome (Part 3)

The crowd below was bewildered at first, and then burst into uproar. Although they had known on their arrival that Finn Lewis had played a crucial role here, they had never imagined that he could acquire the rival company. It’s one thing to say you’re powerful if you can acquire a single company, but it’s quite another to acquire two. Finn Lewis did not comment further on this and no one below asked for further explanation either.

The only ones who got a rude awakening were those from Flying Horse Company. It dawned on them that Finn Lewis had probably acquired shares of Eldora Company in exchange for technology. However, they didn’t voice this accusation as they knew Finn Lewis had many technologies in his hands. There’s no need to feel aggrieved about it. As Finn had said, both companies were now under his ownership. Even if the technology exchanged for shares previously was not the same, they could now mutually license it.

“If there are no objections, I propose setting up a joint technology center where the two companies can share core technologies. Of course, we’ll need the professionals’ input on this. I’ve only put forth this idea. However, my reason for calling you all here is to let you know that both companies will now be privately owned by me. Thus, you can strengthen communication between yourselves, assisting each other in expanding many areas of business in order to prevent unnecessary losses. Together, we can strive to expand the market share of our two companies worldwide.” Finn Lewis said seriously.

The people below looked at each other and then nodded. What Finn Lewis said made sense. Since both companies were multinational corporations, if they collaborated, many resources wouldn’t be repeatedly used, greatly increasing efficiency. Their competitors were now every other manufacturer excluding each other.

“In addition, we need to jointly hold a press conference. Let’s hold it in the Flame Nation. I know what you’re thinking, yes, it’s partly a political move. I’ve long been sick of the Belmare Country, and I must tell you all, the yacht attacked by Belmare’s submarine was carrying me,” Finn Lewis said coldly.

Following Finn Lewis’s statement, there was a moment’s pause before the shocking truth hit them. They finally realized why Finn Lewis had come to the Graham Kingdom. There was indeed more to the story.

However, it wasn’t something they could comment on. It was Finn Lewis’s personal affair, even if he was the victim of the attack. As for the other things that Finn had touched on, no one opposed. After all, both companies were now Finn’s. He could fire anyone he pleased. Apart from the shareholders, everyone else was merely an executive of the company. Although these executives held shares of their respective companies, they were only reward-based shares, many of which only had dividend rights but not selling rights.

This brief joint meeting soon ended. Finn Lewis departed from the Graham Kingdom that same day on a private jet, after receiving some breaking news on board.

Finn Lewis had begun short selling Belmare’s stock market, causing their economy to take a deep dive.

Actually, quite a large proportion of Belmare Country’s stocks had fallen to a certain extent and could not further decline. For instance, Alpha Martin’s market value, after these policy promotions, had plummeted by at least one-third or more. Similarly, market values of lingering heavy industries had evaporated by approximately one-third or more.

At this moment, Finn Lewis was on the verge of bursting into laughter. At the end of the second trading day, Finn had earned nearly 80 billion federal coins in the Belmare exchange and a few markets alone. This was largely due to Finn Lewis’s preemptive actions— the biggest chunk had been seized by him. Additionally, he didn’t invest a lot of money. Large amounts of investment would directly destroy the market, leaving nothing to play with. However, as it stood, the Belmare authorities were trying to save the market. Finn and his team occasionally helped, stabilizing the situation. During this process, almost all of the funds invested to save the market had been drawn out.

Both Finn and other international speculators were using the same strategy, only their tactics weren’t as swift and ruthless as Finn’s. Because Finn was operating via Olivia Thatcher, the entire trading process was carried out at optimal profit points with quick market response. Needless to say, he didn’t resort to any cheating. If he had, you wouldn’t have been able to hide your tears.

Read latest Chapters at foxwuxia.com Only

As the third trading day arrived, Finn didn’t withdraw his funds. Because later in the second day, many financial speculators realized that a lot of idle capital had flown into the market, buying up stocks. Although each idle fund wasn’t significant in volume, their quantity was considerable, which explained why the end-point of the second trading day at the Belmare exchange was higher than expected, with minor rebounds in between.

A lot of international speculators were preparing to give up, but seeing that a mysterious fund hadn’t backed out, others didn’t either. Everyone knew who this fund was—Finn Lewis. He hadn’t used any secret bank accounts for this transaction, but had publicly operated through investment company accounts. Therefore, all the investment companies knew, the fund belonged to Finn. But precisely because it was Finn’s, they couldn’t help but be astonished.

They also had great respect for the mysterious fund organization. This old fund’s discerning eye was impressive. Look at Finn’s series of operations. He didn’t leverage much, but his operations were exceptionally sharp. Above all, his horrifying foresight ensured each step was made at the most crucial points, resulting in his operations, although not the most-funded, being the most profitable.

In the end, many funds simply decided to closely follow Finn’s account. They echoed Finn’s movements—if he short-sold, they short-sold; if he bought in bulk, they bought in bulk; if Finn opened a position, they likewise did. Although their operations were slightly delayed, they still made a considerable profit. This was the influence that powerful financial speculators brought about. Otherwise, the Asia financial crisis in 1997 wouldn’t have been caused by Hawking shearing off wool throughout the entirety of Asia because of his swift and ruthless operations attracting a considerable number of international speculators to follow suit.

They in turn mobilized a massive momentum in capital that national governments couldn’t resist. Even Belmare Country suffered heavy losses at the time. Imagine how strong the opposition was, considering Belmare’s economy was much stronger than Flame Nation’s at the time. The only place where they didn’t succeed was in Star City because they had the support of Flame Nation’s government. Eventually, Hawking had to withdraw from Star City.