Chapter 42
Chapter 42
Chapter 42 Buying a Month’s Time
1 rubbed my forehead, a headache brewing. I had intended to inquire about GleamGate Media’s current financial status, but a secretary from the conference room interrupted, “Mr. Quinn, you need to step in. It’s chaos in there.”
Uncle Marcus and I exchanged a glance, then hurried into the conference room without a word.
Inside, five people were seated. In the center sat a thin, elderly white man–Jack, the MG investor Uncle Marcus had mentioned. Beside him was a middle–aged woman, Harper, the domestic CEO of the investment company. The others were two lawyers and Julian, the angel investor of Scott Corporation. Julian held the most shares in the company, second only to my father.
As Uncle Marcus and I entered, all eyes turned to me. Harper’s brow furrowed slightly as she asked, “You’re Kane’s youngest, Yvette?” Content © NôvelDrama.Org 2024.
I nodded, scanning the room before addressing Jack and Julian. “I apologize for my father’s absence. He had an accident, so I’m here in his place.”
Julian gave a slight nod, his voice steady. “Yvette, we’ve heard about your father. It’s a part of life we can’t escape – birth, aging, sickness, and death. We’re deeply saddened. We wouldn’t have asked you to come under normal circumstances, but this issue is too significant. We’re all investors with lives to lead, so we needed you here to provide some answers.”
“I nodded, then spoke up. ‘I understand, Julian. I don’t know much about GleamGate Media. What exactly happened that has all of you so concerned?‘
At my words, they exchanged glances. Harper slid a document across the table to me, his tone brusque. “Young lady, your family is in trouble. We didn’t want to involve you, but the things your father
did before he passed… they were excessive. Take a look for yourself.”
With a sense of unease, I picked up the file and began to read. It contained GleamGate Media’s financial statements and a series of documents from a financing deal that year.
After a quick read–through, a chill ran down my spine.
I set the file down, looking at them as I spoke. “I firmly believe that my father would never do such a thing. When he invited you to invest, he truly believed that GleamGate Media could bring profits for both you and him.”
Harper scoffed. “Save it. We want answers. We invested three million dollars. Why, after just a few months, is there only five hundred thousand left in the company’s account? Where did all that money go? Where are the profits? Your father bought a company valued at one million for four times the price, and now it’s running at a loss. Ms. Scott, your father has made fools of us investors.”
I had not seen this coming. Jack, who had remained silent until now, finally spoke. He looked at me. “Ms. Scott, we don’t want to put you in a tough spot. With your father gone, there’s no one to confirm our suspicions. So, we’ve decided to enforce the contingency agreement we signed earlier, in an attempt to minimize our investors‘ losses. I’ve arranged for our top management to step into Scott Corporation, to plan its future more effectively and scientifically. Of course, your father’s shares will be diluted as per the agreement, but you’ll still manage what’s left. You can stay on at Scott Corporation as an employee, but you won’t have any decision–making or managerial authority”
My mind reeled as I grasped his words. No decision–making or managerial authority meant they would dictate Scott Corporation’s future. If Scott Corporation could not stay afloat, they would offload it with minimal losses. This would mean the impending bankruptcy and dissolution of Scott Corporation.
Recalling my father’s last words, I quickly interrupted Jack, who was about to sign the contract, Hold on. I’ll take on GleamGate Media’s losses. As for the unaccounted funds, I’ll track them down and give
you all an explanation”
They all looked at me, their brows creased slightly. Julian paused, his voice heavy with concern. “Ms. Scott, it’s commendable. that you’re thinking this way, but this isn’t a matter of mere words. We’re talking about thirty million dollars, not a small sum. We’re all aware of Scott Corporation’s current financial and operational state. And let’s not forget the rumors about you. circulating in the media. I’m not trying to add insult to injury, just being rational. Even if we let you investigate, I fear you might not be able to step into your father’s shoes as the chairman of Scott Corporation. Sometimes, a leader’s image can have
Chapter 42 Buying a Month’s Time
more impact than his abilities.”
“Let’s put aside the chairman’s position at Scott Corporation for now, Julian. Our current discussion revolves around the whereabouts of the three million dollars in GleamGate Media’s account. I hope you’ll give me a chance to investigate. I refuse to believe my father would do such a thing, and I’m confident I can provide a satisfactory explanation.”
Chapter 43 He Steeped in to Help Ma