Chapter 1212: Garcia’s child Chapter 1212: Garcia’s child When Elder Lady Collins told Eric Collins everything she knew, Eric did not show much surprise, for he had already known about the news that Grayson Thomas was together with Hannah Garcia.
He had also suspected that Hannah Garcia was the woman who had given birth to the Dragon-Phoenix Twins for Grayson Thomas.
However, before he could make a move through Richard Robinson, Harry Collins died, and with the company’s changes, Eric had to put this matter aside for the ti being.
“Mom, since there was no news from my sister’s investigations, it shows that it is not so easy to act through Richard Robinson. However, I will send soone to look into it again, and at the sa ti, we also need to investigate Grayson Thomas’s side. If it really turns out to be him who is causing trouble behind the scenes, then the Thomas Family will have to give us an explanation,” he said.
If it really was Grayson Thomas causing the trouble behind the scenes, things would be much easier to handle; at least it was an internal issue, more negotiable.
After listening, Elder Lady Collins simply said, “I have asked Delilah to follow that lead as well. I’ve also asked her to inquire about Kenton’s side since she has a better advantage in getting close to him and is likely to get the information faster than us.”
“Hmm, then I’ll listen to you, Mom,” Eric said. “I have to hang up now, the bank’s people have co out, and I need to discuss the loan with them.”
“Alright, have a good talk, you must secure that loan,” Elder Lady Collins advised before hanging up.
However, the progress of matters did not go as smoothly, and Eric Collins walked out of the bank looking rather dejected.
Eighty million!
What a joke of a number!
To the Collins Group in its current state, eighty million was nowhere near enough to solve the problem; it was only because of his status as Eric Collins that the loan of eighty million was even offered.
To think, Eric had asked for eight billion.
The bank’s final response was that getting a loan of eight billion was possible, but only if he used assets and stocks as collateral.
Eric of course knew the consequences of using these as collateral; any sudden change could result in him completely losing his position as president of the Collins Group, and the Collins Family’s hold would dissipate under his watch.
This possibility required serious consideration.
In the following week, the stock price of the Collins Group took another dive, and if the Collins Family’s funding could not be secured, the company would truly be facing bankruptcy.
At this ti, the Reed Family and the Thomas Family could only offer partial economic support but chose to withdraw from any form of guarantee with the bank.
This news, like a thundering bomb, hugely impacted Eric, making him faint to the ground.
anwhile, Elder Lady Collins was also deeply struck by this.
It took a while before mother and son could sowhat co back to their senses.
“Mom, how could this happen?” Eric murmured, “How could we suddenly face such a huge problem? How could so many years of foundation suddenly turn out like this? Where did we go wrong?”
At that mont, Eric, like a helpless child, began to cry.
Elder Lady Collins had always been hands-off with the company’s affairs, so naturally, she was unclear on the details.
It took a while before Eric spoke again, “Initially, I shouldn’t have indulged Harry so much, allowing him to carry out those crazy acquisition moves. We spread our assets too thin, and a single issue caused a chain reaction, leading us to this crippling financial strain.”
So of Harry Collins’ past reckless actions were known to Elder Lady Collins; he had been eager to secure a higher position among the Six Major Financial Conglorates, not anticipating that he would fall even harder.
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