With No Me
Chapter 112 Great Change in the Bloom Family
In the Bloom family’s house, Benjamin read the morning news and the company’s financial report In an instant, he seemed to age several decades. Even his hair turned completely gray.
“In just one day, we’ve fallen into the abyss.”
Since their company was investigated, various scandals had been exposed and fermented online Although Benjamin had been mentally prepared and knew that the stock market on Monday would be a heavy blow to the Bloom family, he hadn’t expected it to be so devastating.
It was nothing short of a disaster.
In just one day, the Bloom family had lost billions of dollars.
Who wouldn’t feel heartbroken?
The Bloom family suffered a severe blow, and it would probably take more than a year or even longer to recover.
If things didn’t turn around, it was even possible for them to be squeezed out of the top ten wealthy families and relegated to a second–rate family.
“Mr. Benjamin Bloom, don’t worry too much about this. Let’s treat it as a stock market crash and face it with a calm mind.”
“Yeah, stocks rise and fall all the time. Once we weather this storm, they will quickly rebound.” “If it continues to fall tomorrow, we can apply for a trading halt. We’ll find a solution. Difficulties are always temporary.”
Everyone in the Bloom family comforted Benjamin, afraid that he would faint out of anger.
“Mmm…..”
Benjamin, having experienced many ups and downs in life and having faced stock market crashes before, had to accept the fact.
“It’s fortunate that no one is buying it up. Otherwise, it would be even more troublesome.” Benjamin forced a bitter smile, considering it a silver lining amidst the misfortune.
“Yes, at times like this, the major families should consider our feelings. They won’t kick us while we’re down!” The rest of the Bloom family members were optimistic about this.
After all, the top ten wealthy families were united and had an unwritten agreement to make money together and not harm each other.
As for the second–rate families, even if they had ten times more courage, they wouldn’t dare to go against the Bloom family.
But just then, the secretary hurried in with an alarming report.
“Bad news, Mr. Benjamin Bloom!
“The companies of the Shelton, Peterson, Sullivan, Davis, and Martinez families are buying our stocks. They’re about to increase their holdings to $%!”
What?
Benjamin was shocked.
The rest of the Bloom family members were also astomshed.
“This can’t be true”
these livertamines out of their minds? Are they trying to kick us while we’re down? theter anxiously asked. “Has the Baker family joined in?”
the secretary shook his head. “For now, only these five families, along with the recently restructured Soler family, are aggressively buying our stocks. There’s no sign of the Baker family entering the market.”
“The Soler family?” Everyone was taken aback. “The former richest man?”
“His new company has just been established. How dare he go against us? Does he want to replace
us
Benjamin furrowed his brow and pondered. He had been worried that the Baker family would take some action today.
Unexpectedly, they did nothing. It was the other five major families who were buying up their
stocks.
What happened to the unity between the top ten wealthy families?
First, the Baker family secretly created obstacles, and now, five other families were buying up their stocks.
It seemed as if everything had been planned from the beginning.
This combination of blows made it difficult for the Bloom family to withstand and left them struggling to respond.
“It’s alright. Don’t panic!”
Benjamin feigned calmness.
“These five families just want to take advantage of the situation and make a profit. As long as they don’t play any tricks, it would be considered losing money to avoid disaster.”
The Baker family alone is enough to give the Bloom family a headache. They didn’t want to become enemies with the other five major families.
If they want to buy and earn money, let them do so.
“That’s right!” The rest of the Bloom family members nodded in agreement. “After all, our family is still the largest shareholder, and they can only increase their holdings by a maximum of 5%. As long as they don’t unite, they won’t be able to shake our position!”
Shortly after the secretary left, the Bloom family members discussed how to respond to the
situation.
“Mr. Benjamin Bloom, bad news!”
Suddenly, the secretary returned.
“What’s wrong?”
Everyone’s heart skipped a beat.
Even the slightest movement made them fearful and on edge.
Tell me Benjamin’s heart pounded as he realized that things were worse than he had anthipated.
The secretary gasped for breath and said, “Just now, these six companies simultaneously increased their holdings of our stocks to 5% and then issued an announcement as a concerted action
ncerted action participant?
The news threw the Bloom family into chaos.
A concerted action participant referred to investors who, through agreements or other arrangements, jointly increased the voting rights of their holdings in a listed company.
In short, they formed an alliance.
These six companies have piled their equity together.
“Each of the six companies holds 5%, so when they band together, it becomes 30% of the shares” The faces of the Bloom family members turned pale, filled with panic and confusion.
“They want to become the largest shareholders!”
Once the largest shareholder became an outsider, they would have the power to reorganize the board of directors and kick the Bloom family out.
Benjamin’s face also turned ashen. He slumped back into his chair, unable to recover his senses for quite some time.
What should they do?
The entire family was in confusion.
The worst–case scenario had happened.
“Dad!” Jason urgently said, “I just checked, and when we add up all the shares of our entire family it only accounts for 29.8%. We have lost the position of the major shareholder!”
Everyone’s gaze focused on Benjamin as they waited for r his command.
“Ah…” After Benjamin regained his composure, he sensed that their family had possibly encountered the biggest crisis in a hundred years.
With one misstep, not only would they be ousted from the top ten families, but their entire family business could be taken away.
Who was working against the Bloom family?
“Jason!” Benjamin took a deep breath. They had to do something. “Go to the Baker family immediately and visit Sir Baker. No matter what, you must meet with him.”
Even at that moment, Benjamin still suspected that the mastermind was the Baker family.
So, he had to negotiate with the Baker family first.
“Henry!” Benjamin continued to assign tasks. “Go and negotiate with the five major families. Find out what they want to do.”
Then, Benjamin instructed the secretary to apply for a trading halt. They couldn’t let outsiders recklessly purchase their shares anymore,
Finally, he got up, preparing to change his clothes and go to see the patron of their family
It they wanted to turn the tide, they had to rely on the power of their patron to deter their opponents.
