Monday has come.
I called President Kim Kyo-young of Pitestech.
"I'm going down a little late because I have a morning meeting here."
"Okay. Take your time."
"I will send 4.5 billion won directly to the Pitestech corporate bank account."
"Now?"
"Check in half an hour and have the accountant take off the bank balance certificate."
"It's because of the registration of capital increase.”
"Yes."
"Then I'll have him go to the attorney's office with a very clear balance. You came on Friday and stamped all the stamps, so we'll take care of the change of representative and capital increase as soon as we get the balance certificate."
"Do so."
"I..." And."
"What do you say?“
"No, I'll let you know when you come."
I had nothing to trade with for the time being because I had shot all the eight billion targeted by political theme stocks.
I left the office and went directly to the bank and sent 4.5 billion won to Pitestek. I sent it to the bank counter myself because of the large amount of money.
The bank manager jumped out to greet him.
"You're the president of J.S. Invest. You're here in person today.”
"Yes, I have a remittance to make."
"You seem to have a lot of money, don't you?”
"That's 4.5 billion."
"Oops, that's a lot. Let's go to my room and have a cup of tea.”
"No, I'm busy today. I'll be there next time.”
The manager was very kind to me, perhaps because I was an important customer of this bank branch.
In the past, when I borrowed 10 million won from the MG Saemaul vault, the staff in charge looked like a dead man.
When I transferred money and came up, I was having a morning meeting.
I said.
"I went directly to the bank and sent 4.5 billion won in capital increase to Piettek. I went to the bank counter myself because I had a lot of money."
"That's because it's not J.S. corporate money, but personal money. Then we can do the capital increase right away."
"I didn't have to ask them to send someone to the attorney's office for proof of bank balance."
"I'll take care of the capital increase documents as soon as I get them stamped on Friday."
"Who's going to Piettek today?”
"Me and Mr. Kim Hyung-sook will come. I've sent you the capital increase, so you might have to take off your balance sheet and execute the urgent money."
"And what is the weight of our over-the-counter shares, SillaJen?"
"Not much. It's about 10%. We don't just play out-of-the-box stocks just in case."
"Is Shilla so popular?”
I'm sure it's understandable that the FDA's clinical trials have been carried out three times.“
What do you mean "three phases"? Phase 3 means you've done three clinical trials?”
Song said.
"I'll tell you that."
"Tell me."
"In the new drug development phase, we usually go through five steps."
"It's a long process is long.”
"First of all, let's give an animal a new drug called a full-time test before Phase I clinical trials. So we look at the side effects, or whether they're toxic."
"Hmm. You use it on animals first."
"I'm going to go into Phase I clinical trials next time, and I'm going to test 20 to 80 healthy people instead of using it on patients who need it. See if there are any side effects.”
"One day I saw an ad for part-timers to take the test."
"Next time, we're going to test it directly on patients who need it. In this case, the patient is usually tested from 100 to 200 people. Exploring the adaptation of the adaptation of drugs."
Hmm. I see.“
"The next phase three is to give long-term administration to large patients. It's a measure of stability, drug validity, post-dose effect, etc. Usually, if you succeed in three phases, you can sell the new drug you developed."
"Then SillaJen's three-phase hosting means he entered the three-phase, not the three-phase success."
"We do, but just a three-phase listing gives us an advantage in the technical evaluation."
"Really? And the last one?”
"The last phase is Phase IV, which is to market the drug and examine the user's response. It's about judging whether it works or not."
"So if SillaJen develops the drug, it's going to hit the jackpot?”
"If any drug or new drug is developed, it's a success."
"Really?"
"More importantly, what SillaJen develops is anti-cancer virus drugs. It's a cure that transforms genes and kills only cancer cells."
"That's great."
Currently, SillaJen has a market capitalization of 1.23 trillion won on the over-the-counter market. However, if the listing succeeds, the total market value will be around 3 trillion won or 5 trillion won. So if we sign up for a public offering, we're going to have to pack up money and attract a lot of people."
"The public subscription must be over 100 to 1.”
"Thank you, boss."
"I see it as a shaky company because of its weak financial structure."
"There are rumors that political figures are still very interested."
"And if the political community is interested, no matter how well it goes up, I don't want to approach it."
"Haha, we know your taste. So, after discussing it with Chang, our fund has set up a portfolio of only 10 percent of the funds we own."
When I went into Dart (Electronic Disclosure System) before, SillaJen had 3.5 billion won in sales last year and a net loss of 41.5 billion won.
It was a company I didn't like.
This time, said Chang.
"That's why we plan to use the special listing system because we don't have any profits, but we're asking for a chance to do so because we don't have any results.”
"Then is there any chance that it will pass as a technical exception?"
"It's possible that you got an AA rating in a technical evaluation."
"Really?"
"We're thinking about taking over stocks thrown by ants on the first day of the listing rather than subscribing to highly competitive offering stocks."
"You're thinking and you're not sure."
"Yes, it is. SillaJen, by the way, must be as much a talented stock as it will be a big issue for the next few years if it is listed."
I remembered a long time ago that a fund company invested in SillaJen.
"You have a fund company that invested in Shilla? I forgot my name."
"This is Value Invest Korea. The company invested 45 billion won in SillaJen by drawing customers' money through the method of clouding."
"That's right! It was Value Invest. Now I remember."
"There are rumors that the president of this company is a former insurance policy seeker and is a good speaker. We made a combination like the Sillazen Fund and attracted 30,000 investors."
"You're a talented person."
"I once owned 14 percent of SillaJen's unlisted shares in Value Investment. I bought SillaJen shares for 3,000 won or 5,000 won per share."
"Oh, isn't he bound?"
"We've invested 30,000 investors in venture companies to raise 700 billion won as a bait for high-yield guarantees. The arrest involved a 700 billion won illegal fund-raising deal without the Financial Services Commission's authorization. When recruiting, they guarantee a high profit of 20% per year.“
"Huh, a high profit of 20 percent a year? You're crazy!"
"We know this because we've done this before, but it's not even the name of anyone's dog, is it? So, I did it in a multi-level way, and then I couldn't guarantee my profits, so I did it in a way that I stopped it with the new investors' money."
"You deserve to be arrested."
"So the character of the president is important for private equity firms to prevent accidents like this."
"I see."
"Our J.S. Invest has grown at least because of your personality. The CEO of Hwacheon, a law firm that invested in us, or the pastor in charge of a large church in Gangnam, trusted your character and deposited the money."
"Haha, is that so?"
"Isn't he supposed to make conservative investments in customer money?"
"Conservative investment will be safe."
"For example, didn't we invest 3.5 million shares in a solid manufacturing company like Mogang Tech instead of in a wild venture?"
"By the way, Velu Invest is a kind of private equity fund, and it has raised so much money. Isn't a private equity fund a form of investment of 49 people or less?"
"You probably used the Femily Fund technique."
"Family fund?"
"Some kind of mother-child fund. It's a form of integrating trust assets from multiple individual funds into a fund."
"Hmm."
"In other words, individual funds are funds in the form of intensive management that are incorporated into the beneficiary certificates of the parent fund."
I looked at the clock.
It was already past 10 a.m.
"Yuck! It's past 10 o'clock. This concludes today's meeting. Chang and Kim Hyung-sook need to go to Uiwang, so come down to the garage."
"Okay."
I took Zhang and Kim Hyung-sook to Uiwang City.
By the time I entered the West Highway, I called Pitestech President Kim Kyo-young.
"I'm now on the West Main Road. We'll be in Uiwang in less than an hour."
"Then I'll have the entire staff meet in the auditorium on time."
"Do so."
Chang asked me.
"What does CEO Kim Kyo-young say?”
"We assemble all the staff in the auditorium in time for our arrival."
"If I introduce you as the new co-CEO, you should say something on the podium.”
"I'm in big trouble. You're not even talking.”
"Give me a gift."
"A present?"
"You said there's a one-month overdue wage for the production and two-month management."
"I did."
"Please announce that we will be able to execute it within this week on the spot that we will clear up the arrears anyhow. Tell them you'll be one month behind in production and two months in management within this week. Then even if it's a little awkward, the staff will clap."
"Well, I guess so."
"At least 300 million or 400 million will solve it."
"That's a good word. But President Kim Kyo-young says he has something to say when I come down."
"Maybe you're trying to request what I said."
"Well..."
"I'm pretty sure. From Kim Kyo-young's point of view, if we don't give our employees wages, they won't be able to give orders."
We arrived at Uiwang city a little after eleven o'
Upon hearing that I came, President Kim Kyo-young came to the former president's office.
"The staff told me to get together by 11:30 p.m. They told me to have a meeting in the auditorium and go to lunch."
"Good job. By the way, did the accounting director go to the attorney's office with the bank balance certificate?”
"I'm gone. I'm almost there now."
President Kim Kyo-young took something out of his pocket.
"And this..."
"What is this?"
"This is the main bank OTP terminal. We've got the capital increase, so you can keep it."
I don't even manage JS Invest's main bank OTP myself.
Accounting manager Kim Hyung-sook was in charge.
"Mr. Chang, thank you here, so keep it for now."
"Okay."
Jang received an OTP terminal from President Kim Kyo-young.
"But you said you had something to say to me, didn't you?”
"If you're just going to clear up your unpaid bills, could you first clean up your employees' overdue wages within this week? Chuseok is just around the corner."
It was a matter of wage settlement, as Chang guessed.
President Kim Kyo-young also seemed to have had a hard time making people work.
an inaugural address