NOVEL NEXT Chapter 709 - 705 Richelle Dunn Turns the Tables Against the Wind
Chapter 709: Chapter 705 Richelle Dunn Turns the Tables Against the Wind
Aldo Lewis raised a rebuttal.
Richelle Dunn spoke.
“Mr. Lewis, the financial report submitted by Lodiva Group clearly shows that the data are from their previous year’s report. However, as far as I know, the data they provided is actually from the year before last.”
Aldo Lewis tutted, “How is that possible? Isn’t there a certificate of verification on it?”
Richelle Dunn laughed, “That’s right, there’s no date written on the certificate, is there? And we, after seeing this certificate, assumed that the report’s data is from the previous year. But in reality, the Lodiva Group exploited this loophole.”
The directors began to waver and whispered among themselves again.
Aldo Lewis, however, felt that Richelle Dunn was just trying to save face.
“Mr. Dunn, you said that this is Lodiva Group’s data from two years ago, but what evidence do you have?”
Richelle Dunn took out two documents from her folder and projected them onto the big screen.
Both documents also had seals of verification from the securities regulator.
The first one was the same as the data provided by the Lodiva Group but was marked with a date, proving that it was indeed from two years ago, just as Richelle Dunn had claimed.
The second one was a certificate of verification that hadn’t been seen in the materials provided by the Lodiva Group. It provided new data, which was dated from last year.
Richelle Dunn pointed to the certificates with her pen.
“With the data from two years ago, it’s clear that Lodiva Group was indeed profitable. But look at the data in the second certificate, it shows that their finances were barely at a break-even level.”
“Leaving aside the issue of Lodiva Group trying to pass off fake data, just looking at the profit alone, are you sure that acquiring such a group, whose profit has dropped from billions to barely maintaining in just two years, will really make us an industry leader? And truly bring us billions of dollars in profit each year?”
As soon as Richelle Dunn’s words came out, the room fell silent.
Because the fact was clear; Richelle Dunn’s rejection of the proposal yesterday was right.
Aldo Lewis saw that all the directors seemed to have been convinced by Richelle Dunn, so he hurriedly spoke.
“Mr. Dunn, how can you be sure that these two certificates of verification are reliable and accurate?”
Richelle Dunn held up the certificates in her hand, “Mr. Lewis, your doubts are reasonable. You can verify with the securities regulator or ask an appraisal agency for confirmation. I’ll be happy to accompany you.”
As it happened, one of the directors used to be a technical staff member of an appraisal agency. He stepped forward to carefully examine the three certificates and gave his appraisal opinion.
“All three certificates are genuine!”
As soon as the director spoke, the other directors calmed down again.
Seeing that everyone remained quiet, Richelle Dunn continued to speak.
“Originally, I thought that since I had enough evidence to prove Lodiva Group’s fraud, I could simply veto the proposal and not waste the precious time of the directors.”
“But since everyone’s here today, and I’ve made the relevant information public, let’s just have everyone vote on it now. If the result is to continue the negotiations, then I’ll respect everyone’s decision. After all, I have a lot of money, losing a little bit won’t matter!”
Richelle Dunn’s words started off fairly normal.
But in the end, she outright slapped Aldo Lewis and some directors in the face.
Aldo Lewis’s face darkened, and the slapped directors also looked a bit embarrassed.
Richelle Dunn saw that everyone remained quiet, so she turned her head and instructed her secretary.
“Abigail, you’re in charge of presiding over the voting. I have some paperwork to handle.”
Consequently, Richelle Dunn turned her attention to the computer and busied herself with her work without reservation.
Abigail quickly led the directors in completing the vote on the other side.
For the vote on the acquisition of the Lodiva Group, there was only one vote in favor, and the rest were all votes against acquiring it.
It was clear that the stubborn vote in favor was cast by Aldo Lewis.
Richelle Dunn held the result handed to her by the secretary, formally announcing it.
“Now, by over ninety percent of the votes of the board of directors, it’s decided: we oppose the acquisition of the Lodiva Group!”
After the announcement, she asked,
“Directors, is there anything else?”
The directors who had been slapped in the face dared not say anything more, and all shook their heads.
Richelle Dunn announced the end of the meeting and then returned to her office.
Abigail, who hadn’t known about Richelle Dunn’s two certificates of verification beforehand, had been concerned for Richelle Dunn before the meeting.
Upon returning to the office, she heaved a sigh of relief and said,
“Mr. Dunn, your heart-stopping turn of events was really thrilling. If someone had a weak heart, they would have been scared to death!”
Richelle Dunn smiled and pointed at the computer, “There’s a popular phrase online lately, something like ‘what we play is the heartbeat, what we play is ___’ right?”
Abigail looked at her with admiration.
“Mr. Dunn, you’re so busy, do you really have time to surf the net?”
Richelle Dunn nodded, “Of course, I’m only twenty-six years old. I’m not in my seventies or eighties, and if I don’t go online and surf, my thinking will become outdated!”
Abigail hurriedly said,
“How is that possible? If Mr. Dunn is outdated, then those directors just now would belong in a museum.”