Chapter 1994: Chapter 937: Success and Discovery Most of the leading companies in top industries operate as stock companies. After the company reaches a certain stage of development, the future prospects and estimated market value of the company are evaluated. Then, once the company has reached a certain stage, a portion of the stocks will be listed according to the valuation. Thus, when many companies claim to be worth trillions, it doesn’t necessarily mean they actually have trillions. Especially in the internet era, a company worth 200 billion might only have actual assets of tens of billions, and might not even be profitable, still burning through money. During the early stages of a company’s development, it raises funds through listing—what some companies refer to as cash grabbing. After going public, once the market determines the valuation of the stock company, the major shareholders can pledge part of their shares to the bank for a loan, using this portion of the funds to further expand the company’s scale and seize more market share. This is why some companies declare bankruptcy easily during economic crises or internet bubbles, and people jump from rooftops like chaos. If it’s a company like Yan Fei’s Morning Glory, which hasn’t gone public, doesn’t have a single penny of external debt, has no loans but has deposits, then bankruptcy is quite difficult. Even if all the cattle die overnight, as the boss, one might just dissolve the company and pay the workers’ salaries—even then, he still has the ranch and land, so he won’t lose everything overnight. If we estimate based on market value, Boss Yan, who controls high-end beef resources, is far more wealthy than what his account shows—multiplying it tenfold to twentyfold is the least, maybe even a hundredfold. This is why some listed companies claim to be worth tens of billions, yet are reported in some newspapers as barely able to afford a house. As it stands, if a global economic crisis were to occur, it would have minimal impact on the cattle ranch. The high-end ingredient market has always been in demand, and for those who can afford it, they continue to buy even after others jump. Of course, Boss Yan is well aware of his own strengths, and these factors matter little to him. At the auction venue now, most companies have very limited cash on hand. Their usual operation involves waiting for the mines to be auctioned off, then pledging part of the equity for development. Using borrowed resources for growth is the mainstream economy; honest self-development is often slower than growth through borrowing resources, otherwise, stock markets wouldn’t exist. Other companies have budgeted for the mines before coming here—the reserves and future market potential—and after auctioning the mine, still need financing for development; this is not a one-man job, but requires a group of professionals to analyze. No one else acts like Boss Yan, who calculates his account balance and just buys if he wants. Even those sent by major companies, when the offer exceeds the budget, have to constantly report back to headquarters, leading to chaos with a huge group of people analyzing various budgets, ultimately leaving the decision to a pile of shareholders. The concept of autonomy simply doesn’t exist in big companies, not even for the CEO. It’s impossible for one person to make arbitrary decisions—that would be irresponsible to their own wallet. This update is available on novel※fire.net So when others see Margaret, seemingly a young girl, waving her paddle and shouting, they grind their teeth in jealousy and even consider complaining that she’s deliberately disrupting the venue—though at this moment, it’s impossible. Unless she bids and can’t pay afterwards. Yan Fei is bowing his head, recalling with a pen… How much money is in his account? With so few places to spend, after saving so much money, he’s only bought a few small ranches, barely touching the leading dollars. There are still pounds and Euros he didn’t pay much attention to, so much so that he doesn’t know how much is left in his account. After reminiscing for a while, he wrote down several numbers, then thought and added a few more—that was money Sancha River Cattle Ranch recently earned for him… “Look at the numbers here, don’t call out more than that!” He handed the note to Daniel with a whispered reminder. No need to worry that Daniel would leak his secrets, after running around outside for so long, Yan Fei realized the confidentiality awareness of these lawyers is better than he imagined. Four different currencies need conversion into one, letting Daniel calculate by himself, lest Margaret gets overly excited and ends up having to deposit more in Cayman. Daniel isn’t surprised anymore; this young client has surprised him too many times. Daniel now feels that even if this boss tells him the moon belongs to him, he wouldn’t be shocked. Simple with a pen conversion, Daniel has an idea and gestures Margaret to continue bidding. Other companies have gone mad; mining isn’t something everyone can do. Especially bauxite mines, there are actually not that many big companies, and even if someone buys a mine, whether they can sell it at a price is still uncertain.