Chapter 3497


    ording to the statistics, the total assets of all the Wade family''s coteral familiesbined


    would be almost a trillion dors or so.


    This way, even when almost all of the Wade family''s coteral families had already taken out all of


    their cash on hand, they still owed at least 30% of their assets to Ten Thousand Armies.


    Just as these people were still at a loss for what to do t o make up for this remaining portion of


    money, Porter had already received Charlie’s instructions, and he spoke up, "I see that all of you still


    have a big gap in cash. How are you nning to pay up for the remaining portion of money, then?"


    The crowd instantly fell silent.


    No one dared to say anything to him because everyone knew that there was only one way left, and


    that would be for them to sell their assets to raise money to save their own lives.


    It was easy to say that they could sell their assets, but i t was actually the least cost-effective


    method.


    This was because as long as an asset were to be sold, its price and value would have to be lowered


    at a big discounted rate in order to be able to get sold quickly.


    It might take a month to sell a property with a market value of ten million dors at ten million


    dors, but if


    a person wanted to liquidate the property in a day, he would have to reduce the price to at least nine


    or eight million dors for the sale to be possible.


    The value of the assets would be discounted but the debt would not be reduced in any way. So, in


    this case, they would actually lose out on much more than the original 50%!


    Moreover, what was even worse about selling off their assets was that it would cause serious


    damage to their original ie structure.


    Take Tony for example. He had a building materialspany that was well-known in the country,


    and most of the building materials that he produced were directly supplied to the Wade family''s real


    estate projects as well as various production bases across the country.


    This enterprise relied on the help and support of the Wade family and now had an annual sale of


    more than ten billion dors. It also had a profit of more than one billion dors, which could be


    considered a gold mine.


    However, if Tony was forced to sell it now, the price of his assets would not only be greatly reduced,


    but Tony would also then lose his source of revenuepletely. This would basically be tantamount


    to killing a chicken in order to get eggs.


    The other people''s situation was all not too far off, and no one coulde up with that much cash


    to pay Ten Thousand Armies. However, no one wanted to sell


    their core assets at a low price.


    Porter took these people''s performance to heart, and h e knew that what they feared the most was if


    they were to be forced to sell off their assets in order to make up the sum of money for the


    compensation. So, h e spoke up, “Don''t say that I''m not giving all of you a way out. You can pay all


    the funds that you owe in installments now within a period of one to five years."


    Everyone heaved a huge sigh of relief as soon as they heard that they would be able to pay in


    installments.


    The fact that they could pay in installments meant that they would not need to sell their assets, and


    they would then be able to use their assets to earn money t o pay off their debts slowly. That would


    not hurt them so much, then.


    However, no one would expect Porter to immediately say, "However, the payment by installments


    will not b e free of charge! You will have to pay 0.006% of the total amount as the handling fee for


    each installment!"Têxt belongs to N?velDrama.Org.