A moment later, the Covington father-son duo left the receptionist area and immediately walked out of JW Financial Investment Co., Ltd.’s office.
“Dad, is there really nothing we can do? What, what about Scott? Is he useless now?” Emmett asked sorrowfully.
Gerald waved his hand lethargically and despondently a she said, “This is already the best result we can ask for. At least Jasper isn’t going to completely kill us off.”
“Do as he says and don’t pull any tricks. There’s no point. The Covington family is alone now, we’re no longer as we used to be.”
“If you’re willing, then give birth to another son. If you’re not, then find a wife for Scott. Her family might not be as well off, but it’s enough if she’s willing to accept a crazed Scott.”
“It won’t be difficult to find a girl like that. But no matter what, we have to continue the Covington family bloodline.”
“These properties might be able to still keep on for a few more years after I pass, but everything in the future will depend on the karma of our ancestors and if our descendants are hardworking. I’m already old, and I can’t manage so much anymore.”
“I understand.” Emmett looked at his old father who had lost all energy and resembled a walking corpse. He replied while suppressing the sorrow he felt.
Tefa City’s number one family for the past few decades, the Covington family, now completely walked off the stage of history.
From today onwards, Tefa City had a normal Covington family that did not bother themselves with others’ businesses and only managed their own small ones and lost a domineering Covington family.
This would continue until Gerald passed and Emmett’s second son grew into an adult and took over his father’s business with the ambition to further develop it, but this was another story to be told.
With the Covington family dealt with, it would still take a bit more time before the new company was able to operate on its own.
This marked the end of Jasper’s business in Tefa City so he left and returned to Nauritus City. The first thing Jasper did once he returned to Nauritus City was to gather the company’s cash flow.
“The company’s book of accounts shows a current cash flow of 569 million. To not interfere with the company’s operations, you can take our 300 million worth of funds at most.”
Jasper felt his heart squeeze at Wendy’s words.
“Are we really that broke?”
Wendy replied exasperatedly, “There’s nothing we can do about it. You spent 100 million on acquiring the financial investment company, then the follow up investments that company made also cost us quite a bit. More importantly, the business fight with the Covington family also lost us quite a bit of money. 300 million is already the maximum amount of funds you can take out after setting aside the necessary cash flow to run the business.”
Jasper rubbed his temple and was too embarrassed to meet Wendy’s chiding gaze. He spoke up, “It’s still not enough. What’s the situation with the other subsidiaries and branches?”
Wendy replied, “The real estate company definitely won’t be able to spare any. Sean even sent me a report some time ago asking for 30 million from the headquarters. He said that there’s a plot of land in Waterhoof City that’s very worth investing, but I considered how you need money immediately so I told him to take a loan from the bank.”
“The real estate company’s got a high return on profit, but they’ve also got a high demand for cash. If we take funds from them, it’ll likely result in the halting of construction in more than ten construction sites. This will affect JW Real Estates’ business reputation, so never mind.” Jasper weighed his options and shook his head, giving up on the real estate company.
“The entertainment company’s situation is a little better, they can spare 50 million.”
Jasper widened his eyes. “50 million only?”
“The artist’s package, production of films and dramas, and the opening of new cinema chains all cost money. 50 million is already a lot,” Wendy said.
Jasper rubbed his temple again. The entertainment industry in the year 2001 had yet to get to the point where he could sustain the company by making money off of fans. The industry was still at its initial stages and it would be at least 2008 when the industry truly matured. This was not something to be rushed.
“The electronics company is doing quite well, there’s 600 million extra to spare.”
Jasper finally heard some good news.
“But they also said that since they’re researching on the stepper, they’ll need an astronomical amount of funds each day and the second round of funds have to be sent to the lab. So it’s safest that you leave some funds and only take out 400 million.”
