Mixed Blessing System

Chapter 679 Presentation Of Plans

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When Viktoria, Annaliese, and Elke appeared on the small platform in that area, everyone stopped their side conversations to pay attention to them.

For a moment, some would pay attention to their beauty, but the general focus of the people there would be on the soul cultivation of these three.

Many already knew about their situations, but others were only now discovering the level of the current leaders of the Ritter Motor Company.

Viktoria stepped ahead of her sister and Elke and stood behind a small bench there in the center of the platform.

"Good evening, everyone, and welcome to the second Ritter Motor Company auction!

For those of you who don't already know how things will be, I'll summarize this before we talk about our purpose and then move on to the auction.

Today we will sell parts of the Ritter Motor Company that are part of the holdings of the founding family, House Ritter. More precisely, we will sell 20% of the company in 20 offers of 1%.

Those who manage to buy fractions of our company will become our partners after today and will have a share in the profits and duties.

This means that if we ever need coins, everyone must contribute according to their position.

If one cannot honor their position, then that person or family would have to dispose of their position by notifying House Ritter and demanding a new auction."

She looked seriously at where the Rios family people were standing and said. "As such, be clear that we will not accept secret negotiations of our shares. We will only recognize new members from auctions controlled by our family, so secret negotiations are forbidden."

Hearing this, the nobles who had visited the Becker family the day before didn't like this and asked. "Why? That would only drive us away from the Ritter Motor Company!"

Viktoria looked at that person. "For the sake of our partners. For the best operation of the company.

We need to have an affinity with the people who come in here. But not only that, our shareholders deserve to be protected.

So if anyone wants or needs to divest themselves of their positions, they will have to start a new auction, and Ritter Motor Company should get 50% of the profits from the sale of such a position."

Everyone began to comment among their groups after those words, which surprised even some of Lothur's former partners.

But in the contract of these people, it said that for them to dispose of their positions, they would have to follow the rules dictated by House Ritter. Thus, even though there was no paragraph explaining what Viktoria had just said, they knew they could do nothing about it.

But this measure would only affect those who decided to sell their position. Someone who held it would benefit from such a thing because a sale like this would generate more coins for the company to invest or distribute as profits.

Those who had no interest in disposing of their positions heard this and were naturally pleased.

Larissa was there with her Carstensen family and was happy and satisfied that she had negotiated with Lothur before today and already had her position secured.

"That's not bad. That's just part of the profit. Anyone who needed to sell their shares would still make a nice yield." She commented to the envoys of her family.

Those people remained silent, looking at Viktoria, not caring about this rule since it would only affect former shareholders who decided to sell their positions.

For those who had nothing in this company, it would not affect them. And even when some of them managed to buy parts of this company, most of those there did not intend to dispose of their positions in the future.I think you should take a look at

As such, most of those there to participate in the auction only commented on the matter without having their interests diminished.

Viktoria then moved on to the next subject. "Anyway, that is something you must consider before joining the bidding.

The 20% that will be sold today will be to create new Ritter Motor Company factories, stores in 6 major cities in Leopoldine, and the necessary structure for cars around these locations.

Paved streets, signage, roads, vehicle stores, repair stores, driving schools, etc. We will invest all the capital generated here today to develop our company in these cities.

But following the internal policy of the Ritter Motor Company, all shareholders must contribute amounts proportional to their positions.

Simply put, if we raise 100 million coins, 50% would be from the Ritter Motor Company, and the other 50 million would be an investment from House Ritter. We will have 28% of the company at the end of the auction, so that would mean that each 1% would represent about 1.78 million coins.

Then each of our partners would have to make the equivalent contribution to their shares."

With these words, Viktoria got the attention of all the former partners, showing them that they should prepare their pockets!

"We will not be able to increase our position today. I believe that the company will raise a lot of coins, and we will need all of our contribution power to make that investment." August Klossner said to his partners.

They agreed with him while several other Lothur partners began to calculate how much they would need to raise after today.

On the other hand, the future partners there soon realized that they would have to spend far more than they had thought they would do today.

But that was not a problem. The Ritter Motor Company model seemed very fair to each one involved.

"That Lothur really was a genius." The young master Jansen commented in a low voice to his traveling companion, regretting that someone like that was missing.

"Hmm, the company he created not only has a fantastic product. It has rules that would make it difficult for a lot of problems to arise."

In another corner of that area, one of the Saints from outside Leopoldine then told his group. "This is a good company. The controllers are focused on growing their business and follow fair management models."

"Hmm, let's buy it." That man's daughter commented, feeling even more confident about it.

But then, a level 19 man from another group rose from his chair and asked. "Miss Ritter, I have questions that I would like clarified.

Does the Ritter Motor Company intend to stay only in Leopoldine now? What about other states? What are your plans regarding it?"

Everyone who was not yet part of this company wanted to know about this and naturally paid attention to what Viktoria would say.

She looked at that expert and declared. "About that, we will expand outside the empire. But for now, we can't even meet Peters City's demand, so how will we look at other states?"

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