This was a question Jack dreaded the most, but since Jasper had asked it, Jack had no choice but to muster his courage and reply, “Everyone’s still discussing what to do. Some of them support the idea of applying for a trading halt, while some of them favor waiting it out and letting it hit the limit down price first before they make a decision.”
As he looked at the group of subordinates that were staring at him in anticipation, Jack’s heart softened at the fact that these people were hesitant about making a mistake. “Mr. Laine, we don’t actually have any good suggestions…”
“It’s okay, I know what you’re trying to say.”
Jasper interrupted Jack.
While he was irritated at Sena’s senior executives’ impulsiveness and irresponsible attitude toward their work, he could not blame everything on his subordinates or their superior, Jack.
“There’s no need to discuss further, I’ve already made my decision. As Sena’s President, Jack, I need you to immediately apply for us to issue additional shares with the Nasdaq Review Committee.
“JW Capital will immediately transfer 1 billion Somer Dollars to increase the number of shares on the market. This is a major asset restructuring, so for the next three days, Sena’s shares will not have any price limits.”
Jasper’s words had Jack feeling lightheaded.
“Mr… Mr. Laine, there are too many risks in doing that.”
Jasper replied calmly, “I’ve already considered all the risks. Jack, ever since I first invited you to be a part of JW, every decision I made was risky. But when have I ever lost?
“Trust me.”
Jack fell silent for a moment when he heard Jasper’s voice echo through the speakers. Taking a deep breath, he grit his teeth and replied, “I’ll get to it immediately, Mr. Laine!
“I’ll have JW Capital release a statement.”
After hanging up the phone, around a dozen employees in the conference room, all of whom were financial and business talents in Sena, now blinked at Jack like obedient children waiting for their teacher to hand out their test results.
They had a premonition that Jack was about to give them an earth-shattering piece of news.
After a moment of silence, Jack spoke.
“According to Mr. Laine, Sena’s holding company, JW Capital LLC, will transfer us 1 billion Somer Dollars to increase our share issuance.
“We will use the excuse of Sena undergoing a major asset restructuring to request for a review by the Nasdaq Review Committee. During this time, Sena’s share price will not be restricted by any price limits.”
The conference room fell pin-drop silence after he said that.
Every’s eyes widened and they felt their minds ring.
As people who worked in the industry, they immediately realized something from this decision.
‘Mr. Laine’s planning to fight the mastermind head-on. Whoever loses will have to leave.’
Manly men do not back down.
‘Screw with my company’s shares and I’ll destroy all your escape routes!’
Despite their rationale telling them that big boss Mr. Laine was being very impulsive with the decision, the people in the conference room felt their blood rush with excitement!
Compared to suggestions to surrender and apply for a trading halt or to watch the prices hit the limit down price, Mr. Laine’s suggestion was just…
Too manly!
