Volume 1 Chapter 33 (1/2)

The significance of investing in research

There was an old phrase that said ideals were rich and reality was bone bare.

Xu Yi thought that since he was familiar with his previous world’s industrial history, he could steal resources beforehand. He would buy eight-ten or even more Magic Crystal Mines so that even if the price of Magic Crystals increase in the future, he wouldn’t need to worry about not having enough Magic Crystals just with these mines.

Who would have thought that he would be suddenly hit by the cruelty of reality.

The fact was…..he didn’t have money!

“Sir chairman, there is only around three hundred and sixty one gold coins floating in company. According to my research, the cheapest Magic Crystal Mine in Banta is still costs around three thousand gold coins.” Sebas stated the brutal reality to Xu Yi without any expressions, not caring about how ugly Xu Yi’s face looked right now.

“At least three thousand gold coins?” Xu Yi calmly considered this, “Then based on what you’ve said, it would be at least a month before we considered this again?”

“Sir chairman, we cannot do that.” Sebas shook his head, “Although if everything with the company proceeds smoothly, we will gain a net revenue of over five thousand in a month, sir chairman, a qualified company needs to at least keep some floating capital for ourselves. Otherwise if something happens, it will cause a serious crisis to the company. Other than that, if I may be bold, sir chairman’s investment spending is too much. Just the investment in research is a third of the company’s revenue, this is not how a healthy company spends their money.”

“Oh?” Xu Yi looked at Sebas and said with a smile, “Is this idea from you or from the Lord Viscount?”

Sebas was actually someone recommended by Viscount Leslie.

According to what Viscount Leslie said, although based on his contract with Xu Yi, he didn’t have any decision making power in the company, he did have the right to make suggestions and know everything. So he sent someone to the company, who would act as his representative.

Heinz was very worried about this matter, saying that Viscount Leslie was placing a chess piece inside the company. Even if Viscount Leslie was obedient now, he could affect the decisions of the company through this chess piece and could even gradually control the company.

Xu Yi’s reaction was different from Heinz’s.

Since Viscount Leslie already has a 30% share in the Frestech Chamber of Commerce, it was a very reasonable request for him to send in a representative. They had no reason to reject him at all.

Not to mention that they needed many things from Viscount Leslie. If they started rejecting Viscount Leslie’s reasonable requests from the beginning, then the cooperation agreement they reached before would be nonexistent.

As for Heinz’s worry that Viscount Leslie would control the Frestech Chamber of Commerce through Sebas, Xu Yi gave a snort of contempt.

Viscount Leslie was a viscount of the kingdom, he was a true noble. He was the highest existence in Banta City other than the City Lord and even because of the backing behind him, his status wasn’t that different from Banta City’s City Lord.

Relatively speaking, even if their Frestech Chamber of Commerce earned quite a bit from these Magic Fans, just based on the power of their company, they weren’t that powerful in Banta City. As for their other aspects, there wasn’t anything powerful about them at all.

For a powerful noble like Viscount Leslie, if he really wanted the Frestech Chamber of Commerce, he didn’t need to do anything this troublesome. He had a hundred different ways that were much more direct and simple to swallow the Frestech Chamber of Commerce.

So, Xu Yi happily accepted Sebas. When he found out that Sebas had been the financial manager of a company in the past, he gave all of the Frestech Chamber of Commerce’s finances to him to manage.

The facts proved that Sebas really was an incredible talent. In just two short days, a detailed financial account for the Frestech Chamber of Commerce had been prepared. It was properly organized, not like the random bunch of data Xu Yi and Heinz had before.

Heinz was very worried about Sebas handling all of the company’s finances, but Xu Yi was overjoyed. He felt that Viscount Leslie had done a great thing, sending him such an incredible talent.