37 A Significant Loan
Michael offered a brief chuckle, casting a glance at the dealer whose eyes had widened at the proposed sum before returning his focus to Bridget. This chapter is updated by nov(e)(l)biin.com
"Are you truly proposing to entrust me with one hundred million dollars based on this venture?" Michael inquired, a hint of disbelief coloring his tone.
"What happened to that brimming confidence I've been witnessing all evening? Is it waning now?" she teased lightly. "Indeed, one hundred million dollars to leverage your strategy against the cryptocurrency market. We shall split the proceeds evenly, fifty-fifty. However, should the market remain unshaken by 2024, the obligation to repay the full sum falls upon you, in addition to covering the premiums until such a time as the market does falter. That's the essence of a Credit Default Swap, is it not?"
"Yeah, that is. I can't just believe you are really that willing to give me that much money." "Oh, there must be a misunderstanding, I'm not giving the money to you, I'm loaning it to you," Bridget corrected. "And it's not about mere willingness. It's about recognizing potential where others see risk. Your plan, while audacious, has a foundation in thorough analysis and a bold prediction of market trends. That merits investment, not charity."
"Understood. And I'm fully aware of the stakes involved. The risk is substantial, but so is the potential reward. Your conditions are clear, and I'm prepared to accept them. This isn't just about the financial gain for me; it's about proving a point to the market and, frankly, to myself."
Bridget's expression softened slightly, a sign of respect for Michael's resolve. "Very well, Michael. I'll have my legal team draft the agreement. The terms will be as we discussed: a loan of one hundred million dollars for your venture, with a 50-50 split on the profits. Should the crypto market not crash by 2024, you'll be responsible for repaying the loan and continuing to cover the CDS premiums. We're venturing into uncharted territory together, but I believe in the rigor of your analysis and your conviction. It's a calculated gamble, and I'm willing to take it with you."
Michael extended his hand, which Bridget shook firmly—a gesture that sealed their unconventional partnership. "Thank you, Bridget. I won't let you down."
"I'm staying at the Marriott Hotel. You will meet me there tomorrow morning to receive your check and the contract." "No problem," Michael said as he revealed his hand. "Straight...looks like I beat you again."
***
Tomorrow morning, December 16th, 2023. At Marriott Hotel. Michael arrived at the reception hall, where he was asked by the concierge about the purpose of his visit. "I'm here to see Ms Bridget von Reimann, she is expecting me," Michael said.
"Michael Reyes." The concierge checked his list and nodded. "Ah, yes, Mr. Reyes, you're expected. Please follow me."
Michael was led to an exclusive elevator, reserved for VIP guests and private meetings. The concierge swiped a card and pressed the button for the top floor, where Bridget's luxurious suite was located.
Michael looked up from the contract, meeting Bridget's gaze. "It's thorough, I'll give you that. You've covered all bases, making sure both our interests are protected. I don't have any concerns about the terms; they're exactly as we discussed. I'm ready to proceed."
Bridget nodded, satisfied with his response. "Excellent. Once you sign, you'll receive the funds. Michael picked up the pen provided, his hand steady as he signed his name on the dotted line.
"Done," Michael said, handing the signed contract back to Bridget. "Here's to a successful venture and to challenging the status quo of the cryptocurrency market."
Bridget smiled, taking the contract. "Here's to success, Michael. I have every confidence in your analysis and our venture. Let's make history."
With the formalities concluded Bridget handed Michael a check. However, just as Michael was about to leave, Bridget suddenly spoke.
"Don't tell me, you are going to the bank dressed like that?" Bridget noted Michael's dress. It was casual, nothing that would stand out negatively, but certainly not the attire one might expect for a business meeting of this magnitude. Michael looked down at his clothing, a simple button-up shirt and jeans, and then back at Bridget, a hint of embarrassment creeping into his expression.
Bridget chuckled softly at his reaction. "I mean no offense, Michael, but if you're going to be managing a venture of this scale, presentation matters. First impressions are crucial, especially in our circles. I'd recommend buying a suit before you make any significant moves. Appearance can be as persuasive as a good argument in the business world."
Michael nodded, acknowledging her point. "You're right, I hadn't considered that. I'll make sure to get a suit."
"Good," Bridget said with a nod. "And about transportation... do you have a car? For meetings, site visits, and such?"
Michael hesitated before answering, "Actually, I don't have a car, let alone a driver's license. I've managed with public transportation and rides from friends up until now."
Bridget raised an eyebrow, surprised but not judgmental. "Well, that's something we'll need to address. A car isn't just about convenience; it's about mobility and the image you project. For now, I can arrange a service for you when you need it. But consider getting your license and a vehicle soon. It will be essential as your business activities increase."
"Thank you," Michael nodded before excusing himself. Outside the hallway, Michael couldn't believe a one hundred million dollar check was in his hand. But of course, he knew that it was not his, it was Bridget's money. He technically didn't have money yet until the crypto market crashed. He already listed the banks he was going to visit today, but first, he needed to cash the check, and then buy a suit. Prelim Week