Let Me Go, Mr. Harvey novel Chapter 306

"Isn't it Thursday today?" exclaimed Adams.

Glancing over Angela and Adams thoughtfully, the receptionist didn't debunk him and said, "It's Wednesday."

"Yes. I've got it wrong," said Adams as he patted his head with a remorseful look, "How would I mix the dates up? I must be too busy!"

Saying no more, the receptionist smiled at them and was going to go back to her seat.

"Please wait a minute," said Angela, "Can you arrange an appointment for us with Mr. Shaw this afternoon? We'll only take five to ten minutes after he finishes with Mr. Brown."

The receptionist stopped and said, "Sorry, the schedule of Mr. Shaw has been arranged in advance."

"OK, thanks," said Angela as she smiled at the receptionist.

"You are welcome," said the receptionist as she went back to her seat and glanced at them from time to time in case they went upstairs.

With a frown, Adams said, "I have called Mr. Shaw after I received the task from Violet. But the assistant answered the call and told me the schedule of Mr. Shaw was full this month. If we want to meet Mr. Shaw, we have to wait until the next month."

"How do you deal with it usually?" asked Angela.

"The simplest way is to sue them. When it comes to penalty and interest, most companies will compromise. For the companies that can't afford the repayment, we can ask the court to auction off their fixed assets," said Adams.

"However, it's useless to the Smith Group. They have a strong team of lawyers and the penalty and high interest is nothing to them. Even if we sue them, we still can't get the 160 million back immediately."

Having not been in a company before, Angela couldn't figure out why, so she asked, "Why would they rather pay the penalty and interest than repay the money even if they can afford the repayment?"

"Money has a time cost..." said Adams and paused as he remembered that Angela knew little about it. So he expressed in another way, "No matter how large a company is, every single amount of their liquidity is budgeted in advance to reduce time cost and the spare money will be used to buy stocks, national debts and other financial products for the company..."

The more Angela listened, the more confused she became.

"To put it more simply, the Chante Group need the 160 million recently, but we have limited liquidity. The Smith Group refuses to pay it back right now to prevent us from competing a project with them."

"Comparing with the interests the project can bring, the penalty and interest is nothing to them."

This time Angela understood him and said, "It's like that in the ancient exam, the person who attended the same exam with me made me unable to attend the exam by stealing my money to improve his chance of passing the exam, right?"

With a pause, Adams said with a weird look, "Almost right. The finance department makes financial budgets in advance for the operation of capital chain. If the Smith Group doesn't repay the money in time, our capital chain will have a few problems."

'Capital chain...' asked Angela with a frown, "will it cause a big loss to the Chante Group?"

Regardless of the scale of a company, the capital chain problem could be a big thing as a capital problem of several million might cause the collapse of the whole capital chain and thus resulted in the bankruptcy of a originally promising company.

"......it's not a big thing to the Chante Group," said Adams and continued after pausing for a second, "Miss...Angela, you'd better read more books on this aspect."