Finishing the phone call with Zhang, I kept buying political theme stocks.
I bought all eight items until the closing price and checked the money that was withdrawn.
350 million won was withdrawn.
It was this amount of money that only traded in the afternoon market.
"If we start buying tomorrow, we'll be able to buy eight billion won of eight items in a week."
I decided to focus on buying for a week.
I looked at the clock.
I still have about half an hour left until I get off work.
I called lawyer Oh Mi-hyang after a long time.
"Lawyer Oh? I'm Choi Joon-sik of J.S. Invest. Can I talk to you?”
"Yes, it's all right. Try it."
"I met lawyer Yoon Il-guk at lunch today.”
"Really?"
When I talked about Yoon Il-guk, the reaction came quickly.
"I think Yoon has a strong love letter from the political circle. I think each party is going crazy about coming into the think tank that will be launched in the future."
"Really?"
"As expected, each party seems to be looking for talent. Politicians also need competent lawyers who majored in international law in the global era. Moreover, isn't Yoon a world-class scholar?"
"Ho-ho, what a scholar!"
I saw Omihyang smiling for the first time.
He seemed disoriented when he complimented his marriage partner.
Speaking of which, I complimented more.
"No. I ran a fund company and met several lawyers, and Yoon is by far the best when it comes to international law. I knew it.”
"Hooray, well, that's it."
"No, I think lawyer Oh Mi-hyang has an eye for men. Congratulations from the bottom of your heart for dating such a person.”
"Thank you."
"I decided to call lawyer Yoon as my older brother because he seems to be two or three years older than me. I usually don't call him brother, but he naturally calls me brother in front of lawyer Yoon.”
"Hoho, is that so?"
"Let's meet again if we have time. In front of Hongdae.”
"Okay. I'd love to meet with Eunyeong. But how's it going with the operation?"
"What?"
"I know everything. You two like it, don't you?
"How did he know that?"
"The last time I saw you, you had different eyes."
"As expected, lawyer Oh Mi-hyang. It's like looking at a gun that was flashing in the old days.”
"I'll call Eunyeong and try to set the time."
"I'd appreciate it if you would. I'll pay for the drinks."
I felt refreshed after hanging up the phone.
[Oh Mi-hyang laughing now?] Ha-ha, the cold, haughty kid now laughs when he talks to me. That's a big deal. He's losing his mind because he's complimenting his boyfriend!]
I missed Park Un-young.
We held hands and even kissed each other, but it was still difficult.
But when Oh Mi-hyang said she would meet him in person, I thought that her compliment on Yoon was effective.
[I went to the Conrad Hotel today and bought you expensive Italian food, and it was worth it.]
During the coffee time the next day, Deputy General Manager Chang made a report on his visit to Piettek yesterday.
"The factory was quite large. I also felt like I was over-investing in facilities."
Jung also said a word.
"The production line didn't seem to be 100% operational. The machine was standing still and didn't work. Wrapping raw materials was also poor. We tried to get into the production line, but we couldn't get the exact amount of work out because factory officials wouldn't let us in."
This time, Song said.
"I talked to the restaurant lady for a moment, and she's a month behind in her paycheck. He said he wasn't sure about the management position."
Kyungri Kim Hyung-sook, who wanted to visit Pitestek, was listening to Chung and Song with sparkling eyes.
Chang said.
"The vice president said it is true that excessive facility investment has caused a lot of debt, and that he was looking for investors. He said that he has a patent and has passed a delivery test for a large company, so the sales are stable. Mr. Jeon said he was under a lot of stress because he had a lot of debt, and it was a pity that he had a different life."
"Didn't you tell me why you wanted to meet me?"
"I didn't say that. I just said I wanted to talk to him in person."
"Then I'll go this afternoon. Why don't we just go with Deputy General Manager Chang and me today?”
"I think that would be good. I'll talk to the vice president there about going down this afternoon."
I went to Uiwang City with Zhang in the afternoon by Benz Mybach.
The factory was located in the morning dong of Uiwang City, where Anyangcheon Stream flows.
"I think the price of land here is expensive.”
"Yes, because there are apartments around, it seems there are a lot of land investments, not facility investments. I took a copy of the factory register."
"You have a lot of mortgage settings, don't you?"
"Is it okay if it's a bank?" Capital has a mortgage of 5 billion."
When I was working at a factory at Geumjeong Station, I saw the owner of the factory taking off a copy of the factory register. The factory I went to was a rental factory, but the landowners divided it into several places and rented the factory.
You don't have to go to a real estate registry office these days.
I could print out as much as I want on the Internet.
The owner of the factory took off a copy of the register and swore at the landowner.
"You bastard! He's been caught and eaten in a lot of dirty places!”
The landowner seemed to have borrowed money from various financial institutions using the factory as collateral.
This could lead to an auction. So the tenants, small factory owners, hated the factories that were much held in the financial sector.
As the car passed Anyang, I asked Chang.
"Are you just getting five billion in capital?"
"There are two provisional attachment, and some are seized by a wage creditor."
"The boss deserves a heart attack."
The factory looked like 3,000 pyeong, but it looked like a new building.
There are many old factories around, but only this company's building was clean.
As Benz Maybach entered the factory, people came out and looked at him.
I followed Chang up to the president's office.
"Does the vice president use the president's office?"
"No, it seemed like we were using the conference room when they came.
Here comes the vice-president. He was in his late 40s, slender.
Chang introduced me with a smile.
The boss looked surprised, perhaps because I was just over 30 years old.
"I'm Choi Joon-sik, president of J.S. Invest."
"My name is Kim Kyo-young, vice president of Pitestech."
I and the vice-president exchanged business cards.
The vice-president offered me a seat.
When I sat down in the chair, the female employee brought the car.
The female employee was not a young woman, but a woman in her 40s.
"I heard that the company is looking for an investor."
"Yes, that's right."
"But is there any other reason why you wanted to see me?"
"It asked me to see you because of my future."
"What do you mean?"
"I couldn't leave my post after my boss died. Shouldn't there be a representative name even if you issue a tax invoice? That's why I was recommended as acting CEO in a labor-management meeting with the late boss's wife."
"You had no choice but to."
"And registered the change of CEO last week."
"I see."
"In the event of a representative's death, we will register the change with the competent registrar who has jurisdiction over our location within two weeks."
"But what's going on? I don't think there's anything wrong."
"If a new investor comes, I have no choice but to step down. I get paid by a vice president, but I've been a CEO."
"Even if a new CEO comes, you can be the vice president as you were before."
"When the owner changes, we usually dismiss the executive who was in the first place."
"You're asking me to give you an ID."
"Yes."
"We don't know much about this company yet. We don't know the distribution of stocks and how much debt we have. That's the only way we can decide whether we invest or not."
The vice-president only stroked his chin and remained silent.
I asked.
"I've heard that you're a junior in college."
"We went to KAIST together, we went to Samsung together."
"You're having a hard time with a good job."
It seemed to me that this man was very anxious to be unemployed in his late 40s.
"I'll be with the boss if I see the financial statements and feel like I can handle the labor costs. We're financial investors, so we don't cling to the presidency."
The conductor drove a wedge into it.
"If you don't want to be invested, we'll stand up."
"Oh, no, that's not it."
The vice-president got up in a hurry and took out the material in the large envelope.
"The former president had 90% of the shares and I had 10% of them. Here's an asset and debt statement."
"How much are you behind on your pay?”
"One month for production and two months for management."
"How many employees do you have?”
"There were 150 people, but now there are 20 people out and 130 people in arrears."
"The total amount of debt is 30 billion won in the data. Including the wage bond, right?"
"Yes."
"It must have cost more than 100 million won a month. Is the capital 3 billion?"
"Yes, I've invested 300 million."
"I almost lost my 300 million won investment and my job.”
"It was too much investment. My dead seniors and I have a lot of personal debt to make capital."
I told the vice president.
"Will you please call an executive in charge of accounting?"
The vice-president called the accounting director over the phone.
After a while a short man came in.
The vice-president spoke to the accounting director.
"These are the people who came to review our investment. Say hello."
The short man bowed politely to me.
I said, giving my business card to the accountant.
"Can I have a look at the company's total balance of credit sales over the last three months?"
"I'll get it right away."
I wanted to take over if there was not much change in the sales of this company.
Debts have to be paid back quickly and slowly. First of all, if we put out the urgent complaints, we would not have to invest up to 30 billion won.
After a while, the accounting director brought me a trial balance of the total balance of credit sales.
Companies that deliver goods to large companies come out next month without money immediately after delivery. Therefore, the account book is written with a credit note.
I wanted to see a three-month credit trend.
This was because such a company could not be acquired if sales were not available or decreased.
Fortunately, sales were not decreasing.
Even if operating profit does not come out big, the company believes that it can run as long as it pays back its debts.
I told the vice president.
"First of all, we need to examine whether the asset and debt statements you gave me fit properly. We need to make sure we have all the raw materials and semi-finished products in stock."
"Of course I should.”
"Then I would appreciate it if you could arrange for our staff to conduct due diligence from tomorrow. If the conditions are right, I'd like to work with the president as much as possible. You can be a co-CEO, right?"
"You're a co-representative?"
"Be hopeful."
I held the vice-president's hand tight. Looking in the eyes of the vice-president, he really seemed to have hope.
"We'll have J.S. Invest ready for due diligence. And since you're here, I'd appreciate it if you looked at the production line.”
due diligence for M&A