Blackstone Code
Chapter 2997
In the morning, in the conference room of Fox Capital, little Fox sat haggardly on a chair.
After Fox Pictures divested this part of the movie, it changed its name to "Fox Capital". Many people felt that this would usher in a huge development.
But who could have imagined that this might be the most glorious moment since its birth!
From then on, it was the abyss.
Every shareholder who entered the meeting room looked unhappy. Now the failure of the last movie has left the company with no money in its books.
In other words, they can already file for bankruptcy.
Of course, if these shareholders can give up some personal interests and spend some money, there may not be no way out.
After everyone had almost arrived, Little Fox stood up and bowed deeply.
"Mr. Fox, bowing won't solve any problems. With the movie's box office failure, the company has no way out."
"What you should do now is tell us what else you can do to turn the situation around, instead of trying to evade responsibility by bowing."
A very sharp accusation. Little Fox straightened up and sat back, looking even more haggard. "This is all my problem. To be honest, there is nothing I can do to change the situation quickly."
"Among the company's assets, this shelter may be the only one left with some value."
This is a shelter that can accommodate 30,000 people. The original idea of Little Fox and Fox Capital was that it could definitely be filled with people.
As long as it can be filled with people, isn't it easy to squeeze some wealth out of these people?
If nothing else, just let them mine and sell the ore to others, which will ensure the company's profits.
But the problem is that the current occupancy rate of shelters is less than half, and they are all based on families. Only 20% of the population can truly engage in manual labor.
That is three to four thousand people.
The output of mining cannot keep up with the company's development needs, and it is difficult to even maintain the status quo.
You know, it costs fucking money to keep the company and the shelter running!
Not something that costs nothing!
This small shelter does not have a large-scale ecological circulation system at all. Every once in a while, they have to purchase various supplies from official shelters.
These require a lot of capital turnover, but what they lack is capital.
"You mean, you're going to put the shelter up for sale?"
Some shareholders realized what Fox was thinking and asked, "Has anyone made an offer?"
"How much can they give us?"
It would actually be a good thing if the shelter could be sold.
First of all, the company got rid of such a huge burden. It was originally thought to be the main source of profit, but now it not only has no profit but also continues to invest in it. In fact, no one really wants to continue to hold this project.
Secondly, the booming development of the film industry has made them realize that the potential of their old industry is still endless. With their experience and connections, as long as they have a lot of money and time, it is only a matter of time before Fox Pictures returns to its peak.
Selling your shelter and going to an area with a stronger movie atmosphere or an official shelter will definitely bring about a turnaround.
If there's anything that limits Fox Capital's growth, it's refuge.
Little Fox shook his head, "No one has made an offer yet. I just have this idea and sell it."
The board members discussed it and agreed it was a good idea.
"So who are you going to sell to?"
"Or who would be interested in running a shelter like this and how much money could he put forward?"
The cost of building this shelter exceeds 60 million, and 20 million of it is corporate bonds issued. Of course, this part can be ignored.
After all, now that the company is going to fucking go bankrupt, who cares whether corporate bonds can be redeemed?
If it doesn't work, just give them some stocks according to the price. If it doesn't work, let them sue!
The construction price is 60 million, and it needs to be sold for at least 30 million to satisfy everyone.
But now, there are probably very few people who can spend 30 million or even 20 million to buy a shelter.
Little Fox nodded, "This is what I want to discuss with you. I hope you will use your respective connections to see if anyone needs this."
"My psychological price point is fifteen million."
"With fifteen million, the company can reorganize and restart the film department."
"You have all seen the current movie market. As long as we can recruit a group of professional people, it will only be a matter of time before we return to the top."
These words have indeed been recognized by the board members. Fox Pictures has indeed produced many hits before, and they all have experience in film production.
At least they can tell what's a good movie and what's a bad movie -
The ones that are being released now and those that failed before are actually not very big investments, they are just solutions when there is no other way.
Soon the news that Fox Capital was selling the shelter spread throughout the capital circle, but not many people were interested.
Running a shelter today is not a simple matter, and the current situation is completely different from what people thought it would be in the past.
The overly rich living space has reduced people's pressure to survive. On the contrary, official shelters and super-large shelters have become people's first choice, even if the living conditions are worse.
As for privately built shelters, those built for personal residence are better, but if they are built for business purposes, it is very difficult now.
This news finally made it onto Blackstone TV’s morning news, and what followed was that according to official and unofficial statistics, nearly forty shelters around the world have been declared abandoned so far.
This has also caused many people to shift their attention from other things to the issue of shelter abandonment.
A lot of money, manpower and material resources were spent to build the shelter in the early stage. Why it was abandoned has become a hot topic in society.
So much so that when Fox Capital finally quoted 10 million, no one had the idea to buy it.
You must know that this shelter is not one of the most exquisitely built and high-end ones, and it is already inhabited by some low-income and proletarian people. Once you buy it, you will be responsible for the lives of these people.
The purpose of capital operation funds is to continue to expand funds, not to do good things for people.
After receiving no attention for a week, Foxx had no choice but to call Lynch.
After a brief exchange of greetings, the strangeness did not dissipate much. The two had not been in contact for many years, and when they suddenly contacted each other, the strangeness could not be dissipated by recalling the past.
"Mr. Lynch...are you interested in the shelter?" Little Fox's words revealed an indescribable humility and flattery.
Lin Qi, who he needed to look up to before, could no longer even be looked up to. He put asking Lin Qi for help last because there was a high probability that he knew in his heart that Lin Qi might not help him.
Because he is not the old Fox.
Lynch's reaction was as he expected, "I'm not really interested, Foxx."
"I have a total of more than ten private shelters around the world. These have met all my work needs and there is still some left."
"And your shelter is only suitable for civilian use and cannot be used as a commercial shelter, industrial shelter or scientific research shelter."
"So it doesn't have any value in my eyes."
Little Fox looked particularly disappointed, "It seems there is no other way. I can only declare bankruptcy."
Lynch did not speak immediately, but paused for a while, "What is the composition of your shelter residents?"
Although he was not sure what Lynch meant by these words, he still explained, "There are currently about 14,000 people, 70% of whom are foreigners who joined during the new immigration period."
"The rest are Federals."
"There are more young adults among immigrants, and there are people of all ages in the Federation."
If it hadn't been for the federal government's final opening to bring in about 20 million immigrants, there wouldn't even have been many applications for small shelters like those run by Fox!
Humans, after all, are social animals, and perhaps at first they would think that having a place to live would be enough.
But as time goes by, many people, especially ordinary people, will eventually choose to go to official shelters where there are more people.
Unless it is a mid-to-high-end shelter that is high-end and has credibility support, there is no market for a shelter of the size of Fox Studios.
When Little Fox said this number, his heart seemed to be beating a drum. He vaguely thought of something, but he didn't dare to confirm it.
Lynch's subsequent words confirmed his thoughts, "People are also one of the important resources. You can consider selling them to some institutions."
"Federal people... forget it, after all, we are all part of the Federation."
"Those young and strong foreigners can be sold at a good price. You will find that you can get more from selling people than selling shelters."
"And it's best not to let too many people know about this."
"If I were you, I would take out a loan and then redeem the shares of other shareholders, you know what I mean."
Little Fox's heart began to beat faster. Currently, the world's communications are handled by the Global Communication Group, which of course does not entirely include some submarine cables.
Some experts say that submarine cables will gradually fail within three to five years due to lack of maintenance and extreme temperatures.
So now most of the connections between shelters are through satellites.
As long as Lynch doesn't nod, no one can eavesdrop on his communications.
Little Fox licked his lips, "Mr. Lynch, can I ask... what are these people for?"
"If anyone buys them."
Lynch chuckled and said, "Who knows?"
"Maybe some rich people just want to keep them like pets, but in any case, this can solve your trouble, right?"
"This is the last advice I give you for your father's sake. As for whether you want to do it or not, it's all up to you."
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