Destined Entwining: Capturing My Devoted Beau

Chapter 384 - 207: The Mantis Stalks the Cicada, Unaware of the Oriole Behind

He didn’t even finish his meal before he left the restaurant and returned to his office.He answered a video call here, speaking with the CEO of Victory Wise Corporation.

"Speak up, what’s this all about?" Justus Spencer asked with a grave expression.

The CEO of Victory Wise Corporation stammered, "It’s... it’s like this. A couple of days ago, Victory Wise Corporation’s robots malfunctioned at a workshop on the State Grid’s side. The State Grid inspected the control program of Wayford Intelligence’s robots and said there was a system loophole, and they also found a Trojan program..."

Justus Spencer was even more shocked, "What?! There’s a loophole in Wayford Intelligence’s control program?! How did that happen?! Was there a problem when they sold it to us?! I swear I’ll sue Luke Stern from Wayford Intelligence!"

The CEO of Victory Wise Corporation quickly shook his head, "Mr. Spencer, you can’t sue Luke Stern. He already sold the company to Victory Wise and has no legal control over Wayford Intelligence."

"But his software has problems!" Justus Spencer roared, "And I can’t even sue for that?!"

"... It’s very difficult to prove now whether the software issue is their problem or ours..." The CEO of Victory Wise Corporation said haltingly, "... Because Thomas made some modifications to Wayford Intelligence’s control program."

Justus Spencer suddenly calmed down.

If Thomas had altered the control program of Wayford Intelligence’s robots, then no matter whether he caused the problem or not, it would all fall on him!

Because he is now the owner of this program, it’s too easy for him to tamper with it...

Justus Spencer slammed his fist on the desk, gritting his teeth, "Fine, even if we can’t sue Luke Stern for this, can’t we sue from another angle?"

"I’m not really sure about that. You’ll need to consult the legal department."

Justus Spencer hung up the phone and rubbed his temples in frustration.

He didn’t dare to go to the legal department yet and was pondering his next move in the office when suddenly, a call came from Cameron Spencer.

"Dad, hello, what’s up?" Justus Spencer quickly composed himself and answered the call with a smile.

Cameron Spencer’s voice was deep, carrying a hint of anger, "Justus, what happened with Wayford Intelligence? Several directors on the board already received the news, saying that the State Grid canceled their ten-year contract with Wayford Intelligence?!"

Justus Spencer’s heart sank, thinking how the news traveled so quickly?!

At that moment, someone knocked on his office door.

Justus Spencer didn’t want to respond, but the office door was pushed open.

He looked up, about to scold, but saw that the person entering was Spring Spencer.

He choked up and, after a while, asked, "Do you need something?"

Spring Spencer sighed and said, "Brother, is there a problem with Wayford Intelligence?"

On the other end of the video call was Cameron Spencer, and Justus Spencer didn’t want to answer this question.

Cameron Spencer heard Spring Spencer’s voice and urgently said, "Spring, is that you?"

Spring Spencer raised her eyebrows, "Brother, you’re talking to Dad?"

She walked over and looked at the video call, seeing Cameron Spencer sitting in the study, and quickly greeted him, "Dad, how have you been lately?"

"I’m fine; I’m just trying to find out what’s going on with Wayford Intelligence."

Spring Spencer looked at Justus Spencer, hesitating to speak.

Justus Spencer, annoyed, kicked the leg of the table and said, "Go ahead, don’t look at me, do you think I could stop you from speaking?!"

Spring Spencer smiled, no longer hiding anything for Justus Spencer, and frankly said, "Dad, it’s like this: because the State Grid canceled the ten-year contract with Wayford Intelligence, even the banks that lent us money are pressuring me and demanding a new guarantee. If we can’t provide a new guarantee, they want to recover all the loans at once."

They’re unwilling to accept installments, preferring to forego interest to recover the loans, likely because they don’t have much faith in this acquisition by the Spencer Group.

Cameron Spencer, with a stern face, said, "Even if something happened with Wayford Intelligence, we still have the Spencer Group. These banks are looking down on us too much. Spring, how did you arrange the bank loans initially?"

This was a rebuke towards Spring Spencer.

Spring Spencer was so angry her face turned red, but she held back from losing her temper, only saying, "I’ve passed on the message; I’m now going to have a meal with the banking executives, hoping they will allow us to continue with installment payments, considering the Spencer Group."

The Spencer Group took a loan of five billion, mainly secured by the Spencer Group, and the Wayford Intelligence’s contract with the State Grid also played a significant role.

Now, the State Grid contract is gone, but the Spencer Group remains. With some good persuasion, the other party shouldn’t continue demanding immediate repayment of all the loans.

Justus Spencer was then asked by Cameron Spencer to convene a board meeting immediately and explain the situation to the directors.

Once the news of the board meeting got out, the directors, who already knew about the situation, immediately came to Spencer Group’s headquarters for the meeting.

Justus Spencer stood in the meeting room, no longer as confident as before, looking like an eggplant beaten by frost, wilting.

The directors’ questions rained down like a barrage.

"We haven’t even owned Wayford Intelligence for a month, and such a big mess has already happened. Can the losses be made up?"

"Yeah, without the State Grid, how much revenue do Wayford Intelligence’s other clients even generate in a year?"

These questions were financial in nature.

Spring Spencer was called over by Justus Spencer to face the board’s questioning with him.

"Spring, you’re the chief financial officer. Tell us, without the State Grid, how much revenue can Wayford Intelligence generate in a year?"

Spring Spencer looked embarrassed and whispered, "... Wayford Intelligence’s largest client is the State Grid, responsible for ninety-five percent of its annual revenue."

"What?!" The directors were stunned, "So without the State Grid contract, Wayford Intelligence is just an empty shell?!"

"Did you know about such a huge customer concentration risk when you acquired the company?!"

Spring Spencer hung her head even lower.

She wasn’t unaware; she had mentioned it privately to Justus Spencer once, but he didn’t care at all. Furthermore, at the time, they were targeting the State Grid contract, so how could they see this as a risk?

And who would have thought that the other party could terminate the contract over a single incident?!

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This is the third update.

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