The Cold War: Jumping back and forth between the two camps
Chapter 91 Raising Funds
"What good news?"
Dunn also had some doubts, not knowing what news his parents would give him.
"Is such that!"
Mario said with a smile.
"Fair Technology, where Emily works, is currently seeking investment. It's a company with great development prospects, and Emily has been promoting it in the neighborhood lately!"
When Dunn heard Mario mention Emily and the Phil company he worked for, he had a bad feeling.
"Dad, you haven't already invested, have you?"
"not yet!"
Sophie added.
"Your father and I have prepared $1, but we want to give you this opportunity. You can go and contact Emily. Maybe you can repair your previous relationship and get back together!"
"Five million dollars!"
Dunn was also shocked by the generosity of his parents.
You have to know that this was 1949! The $1949 in 1 was not the $1 in later times.
Excluding decades of inflation and the depreciation of the US dollar, 1 US dollars is roughly equivalent to one million US dollars in later generations. If converted into RMB, it is nearly million.
My parents could actually come up with 1 US dollars in one go. Could it be that they have emptied their family assets?
Just to give it to his son to pick up girls? They are really good parents!
But soon, Dunn felt relieved, because the Phil Technology Company where Emily worked seemed to have a great reputation these days.
Although it is an emerging technology industry, it has always been well promoted and many well-known American professors have expressed their optimism about this company.
This makes the company a darling in the capital market.
If it weren't for Emily's incident, which caused their tax problems to be exposed ahead of time, they probably wouldn't have asked their employees to come to the community to raise funds. There would have been a lot of people in the financial market who wanted to invest money directly.
I guess my parents are really optimistic about the development of this company. In addition, my predecessor had a relationship with Emily, and they also knew why my predecessor joined the army.
"Mom and Dad! Don't be impulsive. Listen to me. Phil's company is in big trouble now. It's basically hopeless. If you invest money in it now, you won't even get a splash. Don't invest money and don't be soft-hearted because of my past relationship with Emily. No matter how Emily comes to your door in the future, you must refuse her!"
Dunn's words made Mario and Sophie a little confused. The couple looked at each other before Sophie asked.
"Dunn! What's going on? You're not just doing this because your relationship with Emily was strained before..."
"It has nothing to do with that! Phil Company is really hopeless! Listen to me, Mom and Dad. One of my comrades-in-arms was assigned to the Federal Internal Revenue Service. A few days ago when we were having dinner together, he told me that Phil Company was involved in tax evasion. A detailed calculation showed that they had concealed millions of taxes and had not paid them. They have already begun an investigation. Millions of taxes, plus fines, they are hopeless and are bound to go bankrupt. Otherwise, do you think that Ifill Technology Company, under the name of Ifill Technology Company, will publicly raise funds from the community?
According to their nature, they can easily raise funds at the New York Stock Exchange, but now no big capital is willing to pull them in, which shows the seriousness of the problem! Listen to me, don't invest, not only don't invest, if you have any acquaintances or friends, quickly pull them out, don't get stuck in it, this is not something that ordinary people like us can do, Phil Technology Company is doomed to bankruptcy, no one can save it!"
Dunn said earnestly that after Smith formulated the plan against Phil Company, he also read the detailed information. The tax problem of Phil Company was really serious. The amount of tax evasion involved was nearly 500 million US dollars.
If it were put in the future, that would definitely be a debt of over 100 million. I'm afraid that now the top management of Phil's company is already raising funds everywhere to put out the fire, and they have even asked their employees to go to the community to publicly raise funds.
But Dunn knew that there was no hope. If the main executives of Phil Company did not flee in the next two days, they would soon be controlled by the IRS.
By the time the news comes out, I’m afraid we won’t even be able to raise funds in the community.
"Is it really that serious?"
Mario frowned. He did have several friends and former neighbors who wanted to invest in Phil's company.
"My comrades won't lie to me. They've been busy with this matter for the past few weeks, and sometimes they don't even have time to eat! Dad and Mom, if you have friends who want to invest and you can't persuade them, persuade them to wait for two days. I estimate that the news will be out in these two days!"
Hearing Dunn's serious words, Mario nodded solemnly.
After all, he was a businessman, and over the years he had been blinded by short-term interests in many things. When he heard that Phil's company had started to raise investment funds and thought of its development potential, he got excited and took out most of his family savings to invest in it.
Now that I think about it, this matter is indeed very suspicious. Logically speaking, if a company with a relatively strong momentum like Phil Company wants to raise funds, it can easily raise millions of funds in the stock market. There is no need to go through the trouble of promoting in the community one by one.
"I know! Don't worry, Dunn! Now that I know the situation, I won't be stupid again!"
Sophie frowned.
"But we seem to have already promised Emily to invest!"
"What's the point of making promises at this time? If you really can't save face, just postpone it for two days and say that you are raising funds. After two days, when the news comes out, I guess she won't have the face to fool you anymore!"
Dunn frowned when he heard what Sophie said. He originally thought that Emily's parents found out about her promotion in the community, so they waited for him to come back and gave him a surprise. They wanted him to meet Emily with the funds and leave a good impression on her, so as to repair their previous relationship and see if they could get back together.
But now it seems that this is not the case. Emily should have sold the product directly to her parents.
This made Dunn very angry. How could this woman have the nerve to do that?
First, he didn't keep his promise to the media and concealed the secret, which almost caused his mission to fail. Now he turns around and asks his parents to raise funds. Does he really wish his family to die?
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