Chapter 337

The frown on Maja’s face deepened. The document only mentioned a $500 million deal with the Pennyfeather family’s company but didn’t specify the deal.

She was instantly on edge. What kind of deal involved such a massive amount of cash flow?

The last time the Pennyfeather family’s company was raising funds, the Raymond Corporation didn’t even invest up to $500 million. But the investment in this deal exceeded that amount.

Maja’s heart started racing, and she could no longer keep her cool.

She rang up Samuel. Samuel had just acquired Silver Carnes‘ company, so he would have more insight into ByteWise Technologies.

Samuel was in a meeting when he received her call, idly twirling a pen between his fingers.

“Maja, what’s up?”

“Mr. Brown, I just wanted to know what project ByteWise Technologies has proposed.”

Samuel reclined slightly, chuckling.

is working with

agreement was signed by his assistant, who must have had access to

narrowed slightly. “ByteWise Technologies had previously approached the Raymond Corporation, but as far as I know, they were turned down. ByteWise Technologies has business model that exploits contractual loopholes to force small and medium–sized companies into bankruptcy. Despite their talented staff and extensive connections, and even making the Forbes list, their business practices aren’t widely accepted. Ian has been in Silicon

pounded faster.

they force these companies

she was in a hurry, Samuel spelled it out for her.

to the price of other raw materials. It could vary by as much as 20% within a year. ByteWise Technologies excels at persuading these companies to sign agreements to purchase their paint at a fixed price

that

are usually huge, often more than the company can handle. They might place an order for $100 million. worth of paint, but even if you go all out, you can’t fulfill that quantity. Then you’d be in breach of contract and have to compensate them $200 million. Most companies would force their employees

casually, “How much

“$500 million.”

said, “From what I understand, the Pennyfeather family’s second round of financing didn’t even reach that

reflected the thoughts of the

was no small matter for the company. It was equivalent to two years‘ worth of

Group driving away all their clients, they hadn’t had any business for half a year, and

at just the right time.

was better than having everyone sitting idle and the company potentially going

with Cristina backing Carter, the contract was

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