Chapter 16 The Strength of Coco Investments

• Another place that was filled with chaos was Dr. Lent's office.
• Dr. Lent and Gideon were classmates, so they had always had a good relationship.
• In the morning, Gideon's family came to see Joseph, but since Joseph wasn't awake, they didn't stay too long. Aria asked Cayden about the collaboration between Coco Investments and Joseph's condition before the whole family left. In the afternoon, they came again. After all, they were in-laws now. It only made sense that they wanted to be more attentive. They went to Dr. Lent's office to ask about Joseph's condition as soon as they arrived. Dr. Lent mentioned that he was now awake and that Elias was the president of Coco Investments.
• The Lancasters had an unexpected emotional outburst in response.
• "What? Elias is the president of Coco Investments?" Lori was so shocked that her eyes almost fell out of her sockets.
• "Stop joking around, Gene." Gideon frowned.
• Dr. Lent, or Gene, took out the business card Elias gave him in the morning and handed it to Gideon. "Why would I joke about something like this? This is the business card that Mr. Elias gave me. Take a look."
• Gideon took the business card and flipped it over and over. As soon as he recalled something, he promptly opened his briefcase, pulled out a cardholder, and quickly went through it. Soon, he took out another name card and compared them. The two business cards were made of the same material and design and were printed in elegant black. The differences were the names and positions on the business cards. The name card he held belonged to Zack Seinfeld, vice president of Coco Investments. In contrast, the card given by Dr. Lent read Elias Mortimer, President of Coco Investments.
• Gideon frowned and murmured, "Is he really the president of Coco Investments?"
• This time, Iris' face twisted. She immediately snatched the business card and whined, "Dad, let me take a look. Show me."
• It was not true, as Elias was just a useless illegitimate child. There was no way he was Coco Investments Incorporated's president.
• When Iris grabbed the business card and saw the name and position, her expression turned ugly. Her hands started to tremble as she held onto the business card.
• She smiled and comforted, "It's easy to print a fake business card for convenience. My classmate even suggested I print an artist business card from Universal Pictures not long ago."
• Anyway, she wasn't going to believe that Elias was the president of Coco Investments. She asked him about it before, but he denied it. He wouldn't lie to her if he liked her.
• Then, Aria asked, "Dad, do you have any friends at the Industrial and Commercial Bureau? We can check the industrial and commercial files."
• "She's right. Let's check it out." Lori echoed and urged, "Quick, Gideon. Get someone to check it out."
• Gideon called and asked someone to check the industrial and commercial files. As soon as he explained his situation, the other party answered, "Someone asked about it earlier. The legal person and shareholder of Coco Investments registered here is only Zack Seinfeld."
• Gideon was not at ease, so he asked again, "Have there been any industrial and commercial changes after that? Have you increased capital, expanded shares, or added new shareholders?"
• The person on the other end of the phone said, "No. The registration procedure in the Industrial and Commercial Bureau is very strict. If there is any change, it will be recorded in the system."
• Gideon wanted to make sure again. "Are you sure that only Zack's name is registered?"
• The person on the other end replied with certainty, "Yes, I'm sure."
• "Thanks a lot. I'll invite you to dinner someday." Gideon then hung up the phone.
• "What did they say?" Iris and Lori both gathered around.
• "The only shareholder and legal person of Coco Investments Zack Seinfeld," answered Gideon.
• Iris' eyes lit up instantly. "I knew it. There's no way Elias is the shareholder of Coco Investments."
• Gideon picked up the other business card and looked puzzled. "It's strange to say that Zack is the legal person and sole shareholder of Coco Investments, though. Why does his business card state him as a vice president instead of a president?"
• Aria responded, "Many company presidents are appointed. Maybe Zack knows someone talented and reserved the president position for them."
• Gideon nodded because Aria's opinion made sense to him.
• Dr. Lent, who hadn't spoken a word, suddenly chimed in, "I think Mr. Elias is the president of Coco Investments, though. He probably want people to know his identity before, and since he has a good relationship with Zack, he asked Zack to act as a legal person for him. Besides, I think Mr. Elias' temperament is better than Mr. Cayden's."
• Iris grew frustrated in response to that. She also thought Elias was handsome and had a good temperament, but he was an illegitimate child.
• She then frowned, yanked Gideon's arm, and asked, "Dad, what should I do? Is he really the president of Coco Investments?"
• Gideon shook his head solemnly and responded, "I'm not sure either, but I'll ask around."
• Aria smiled as she saw how distressed her sister was. "Don't scare yourself. Elias shouldn't be the president of Coco Investments. Think about it. How did we insult him and Raven at the dining table yesterday? If he was the president of Coco Investments, why didn't he reveal his identity?'
• Iris' eyes brightened. "You're right. If he did have such a high status, we would have been slapped in the face yesterday."
• The realization that it might be rationally put Iris at ease.
• The office building invested by Coco Investments was located in Block G of the New Era International building in the central city of Elmstead. Block G had 88 floors, all of which belonged to Coco Investments. Few people know that more than five years ago when Coco Investments was first established. It only leased three offices on the 18th floor of Block G. The total area was less than 1100 square feet, with a business office, a financial office, and a vice president's office.
• At that time, Coco Investments was pretty much unknown to the public, and no one had heard of the name Coco Investments. Two years later, Coco Investments suddenly rose to fame after the development of Elmstead, which was more than three years ago. Its fame was that Coco Investments suddenly cooperated with QG International more than three years ago and took on several significant projects in a row. The investment even amounted to fifty billion at one point.
• Since then, businessmen have begun paying attention to Coco Investments frantically. As soon as they did, they noticed that they had adopted an avant-garde way of business. It was a capital operation that was entirely above the industry. Their processes of legal loans, reasonable loan rates, and the speed of loaning were way faster than that of banks. Most importantly, Coco Investments was rich in investment. They were relatively wealthy. As long as the collateral was of high quality, Coco Investments was willing to take out tens of billions of dollars at any time. This made the businessmen in Elmstead go crazy about wanting to cooperate with Coco Investments. After all, in today's society, the capital was king!
• Soon, many groups in the upper class of Elmstead managed to collaborate with Coco Investments. They would loan money from them with high-quality projects as collateral. Then, they sign a loan agreement with banks, pay interest on a monthly or quarterly basis, and repay the principal in two or three years. The interest rate was slightly higher than the bank's, which was about 15%. A loan would go up to hundreds of millions to billions.
• In that way, not only the major loan groups had benefited and increased their development momentum, Coco Investments became the biggest winner. At an interest rate of 15%, the annual income of a hundred million released was fifteen million. The revenue of one billion was 150 million, ten billion was 1.5 billion, and fifty billion was 7.5 billion. That was to say, even if Coco Investments did nothing, it would make a net profit of 7.5 billion just by releasing 50 billion of funds a year. One might ask, what was the concept of 7.5 billion net profit? Even Mortimer Group, a business giant in Elmstead, could not guarantee a net profit of 7.5 billion a year. Moreover, Coco Investments also had a physical project collaboration with QG International.