Chapter 469 - 469: D.C Pharma Take Over.
Chapter 469 - 469: D.C Pharma Take Over.
Morgan stood up, walked to the coffee machine and replenished their empty mugs. As he walked back, he said, "It is interesting how you comfortably say mother-in-law and call your girlfriend your wife without hesitation. Did I miss the wedding?"
"She is my wife, wedding or no wedding. In my life, I will only ever have one woman and that is Phoebe Mayfair." he declared.
Morgan had never seen his old friend so devoted to woman and willing to give everything he had to her. What was it about Phoebe Mayfair that made David crazy in love with her? When it came to looks, she was pretty but not stunning. Her height was....Morgan tilted his head to the right and giggled. As for her job, it was not the most ideal occupation. Her background was more than impressive, it put her toe to toe with David.
As Morgan was still pondering on that, there was a knock on the door. His secretary poked her head in and informed them that Margaret Saxon was in the lobby and that she was not leaving until she had spoken to Morgan.
David arched an eyebrow. "My aunt? What the hell does she want? Could she have figured that I am the real owner of the company?" He spoke with unintended urgency; he was not yet prepared for people to find out especially people like Margaret.
She would blast it to all the family members and a few greedy elders in their family would start harping about how he should merge D.P Holdings and D.P re
Margaret's sharp eyes traveled around the room, failing to catch the joke in what she had previously said.
"No matter what, it is my son's company and as his mother I have the right to inherit it." She pulled her brows together.
The corporate finance lawyers had something to say about that, they obviously disagreed with her and pushed paperwork her way. Margaret could not understand what the paperwork said, the legal and business terms were too complicated for her.
Leaning forward, Morgan caught her gaze and said lazily, "Mrs. Saxon we invested a huge sum of money in that company with the promise that we are going to start receiving a return on investment in the very first month. The former CEO failed to do that, so we informed him that we were pulling out our investment out of his company.
Sadly, he passed away and we tried to recoup our investment, but the company is bankrupt and facing multiple lawsuits. One of the lawsuits is related to us because Mr. Dickson Saxon stole intellectual property from D.P research labs. We helped him but he stole from us."
Different papers were pushed Margaret's way from the investment lawyers.
"As per the terms of our agreement with the late Mr. Dickson, the now bankrupt D.C Pharma cannot pay us what we are owed so naturally according to the contract that was signed, DP holdings will be absorbing DC Pharma." He shrugged his shoulders like it was not a big deal.
The lawyers that handled bankruptcy handed her paperwork to do with that.
Margaret found herself holding a dozen papers while absorbing this shocking news. She stood abruptly, threw the papers at the lawyers and shouted, "What do you mean by absorb DC Pharma? Are you trying to merge it into your company? That is impossible! I will not allow you to do that, I cannot allow my son's hard work and sweat to go to waste just like that. You must have tricked him into signing this contract so that you could steal from him." She lamented, pointing her finger at each one of them.
Mr. Cade the head of the corporate finance lawyers knocked twice on the table with his knuckles to get Margaret's attention. "There is another way to remedy this, Mrs. Saxon. You will have to pay back all the money that we invested plus the profits which we never received, the cost of the stolen formula and the loss D.P research incurred plus a distress fee." He slid to her an A4 paper which had a number that had just been scrambled down but had long been arranged.
Margaret grimaced. "I am a Saxon; this must be petty change...." She stopped speaking when she saw the total figure. "Eighty billion!!" she gasped.
"Yes." Cade answered. "To be paid in a week or else we absorb DC pharma."
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