by Fruitcake on Sat Feb 09, 2008 2:30 pm
The Lay Off
PROLOGUE
Park Lane Hotel conference room, 27th May 2013
Pulling the pocket-sized PC projector out of his briefcase, Geoffrey Dymock carefully adjusted the focus button before inserting it into a USB port on his laptop computer.
The busty conference room waitress asked if he wanted tea or coffee. Engrossed in fiddling with the projector, he didn’t even bother to look up.
“Mineral water” said Dymock bluntly. It was obvious Dymock was in no mood for discussion. The assistant, who was actually gagging for a coffee, also ordered mineral water.
Dymock set the PC projector on the conference room table, the contents of his laptop screen reflecting sharply on a large screen. He opened the presentation and tested the first couple of slides to make sure they were legible. Then he tested them again.
Reluctantly, with nothing more to do, he sat down, and then they waited. Two nervous suits in a big London conference room sipping mineral water.
A mere twenty five minutes later, bang on schedule as far as Dimitri Balinova was concerned, the great man entered the room, a lackey but two paces behind. Without preamble, without fanfare, and without so much as a smile, he took a seat at the head of the table.
“Ok” said Balinova, throwing sunglasses, car keys and mobile phone onto the table, “what have you got?”
Dymock launched into major presentation preamble mode, rationalising this, explaining that, itemising the other.
Balinova interrupted. “Let’s just cut to the chase shall we, show me what you got.”
Dymock started on the first of many slides. It was a definitive study of the Global Betting Exchange market worth over £75 billion per annum, with nearly half that centred in London. As a presentation of the facts, the key players, the sums involved, the dynamics of the business, the projected growth, it was exemplary. But Balinova had no time for exemplary, he just wanted, as he repeated once more ‘to cut to the fuckin’ chase.’
“So what would you like to know?” asked Dymock irritated. This presentation had taken over 45 man hours, mainly his man hours, and it was being flushed down the toilet by this Russian ingrate.
“What do you mean what do I want to know?” said Balinova, starting to get riled, a feat which never took too much effort. “I want to know who we’ve got in the frame. That’s what we’re here for isn’t it?”
“Well I’m coming to that” said Dymock, reluctant to abandon several slides of meticulously gleaned Betting Exchange data.
“Well for f*ck sakes come to it now” growled Balinova.
With a sigh Dymock flicked through 20 slides of the presentation until he reached a list of Betting Exchange companies, exchange trading companies and related operations.
He went through the list methodically, detailing the size of the company, the Managing Director, the number of employees
Balinova interrupted again.
“Dymock, I’ve got a f*ckin’ plane to catch.”
All hope of a well argued case abandoned, Dymock brought up the case file on The Golding Exchange Traders.
On the screen was a middle aged man, possibly mid 40’s, a medium close up picture taken with a long lens in a car park just as he was about to climb into his car.
“This is James Golding, 43 years old, owner and operator of The Golding Exchange Traders, known by most simply as ‘Golding Exchange’. The operation was established in 2004 and is currently ranked the seventh largest Betting Exchange Trading group in the UK with a gross revenue of £12 to £16 million per annum; it is difficult obtaining true figures as these guys keep very private operations. The Golding Exchange has a prestigious client list, is highly regarded in the industry and all financials we can find on the company check out.
“Now” continued Dymock, at last being allowed to get into his stride, “Golding keeps within the liquidity ratios allowable by the Betting Exchange Regulatory Authority. The company keeps a general position of around £4.5 million on deposit within the markets themselves. This is spread over 3 markets, with Betline being the major. As far as we have been able to deduce, the company has around £5 million on deposit with its bank, and some £2.25 million on deposit with BERA. His computers have sophisticated security levels designed to ensure that traders can only access permitted trading amounts. Level 3 permits a maximum of £50,000, level 4 permits up to £100,000…level 5…
“OK, OK, I get it, but you can fix all that, right?” interrupted Balinova impatiently.
“Right?” he repeated.
“Well yes” said Dymock, “we’re working on some software that should bypass the levels...”
“Don’t give me ‘should’ Dymock,” snapped Balinova “give me ‘will’ will bypass the security levels, this is kindergarten computer class shit.”
“Yes” said Dymock tensely “we will bypass the security levels...”
“Is Golding planning to sell out any time soon?” asked Balinova.
“Not as far as we can ascertain, no” said Dymock.
“Any Executive Directors or board members likely to cause trouble?”
“No” said Dymock, that’s why he is our number one choice. It’s a one man show.”
“Tell me more about Golding.” said Balinova glancing at his watch. “But keep it brief.”
“Single, divorced, keeps himself to himself, respected in the horse racing community, known to be a bit vain, fussy…”
“Excellent” said Balinova “The guy’s got an ego. We can work with that. OK. Good job. Start the ball rolling. I have to go.”
Balinova pulled himself out of his chair and picked up his brief case.
Oh, and Dymock…?” before Dymock could respond Balinova continued.
“Next time don’t bother me with these details. I shouldn’t have to be consulted about a lousy £11 million operation.”
“It’s a £12 million operation actually” said Dymock in his usual precise way.
“Whatever” said Balinova “If you can’t handle it then I’ll find someone who f*cking can.”
“Don’t you want to see a full profile on the company?” asked Dymock.
“That’s for you to worry about.” said Balinova brushing away the dossier.
He reached the conference room door.
He was just about to walk out when he remembered something and turned round.
“I want this all wrapped up by the General Election.” he announced matter of factly.
There was an audible gasp from both the suits in the room.
“But that’s only three weeks away” protested Dymock.
“Dymock” said Balinova “a week is a long time in politics. You’ve got three weeks, that’s a whole f*cking lifetime.”
The door slammed, causing the mineral water in the glasses to ripple, and the two suits to sit there quivering.
“Three weeks?” said Dymock incredulously.
“That’s tight” confirmed Samuels, looking at dates on a hand held. “Very tight.”
“Yes thank you Samuels” said Dymock frostily.
He switched off the PC projector and slipped it back into his briefcase.
“Just saying” said Samuels.
Due to current economic conditions the light at the end of the tunnel has been turned off