Rebirth of the Strongest Tycoon Chapter 870

"It's time to ship!"

Looking at the string of data on the trading board, Xia Yu had calculated in his mind for a long time and said lightly.

Song Yang, who was beside Hou Yu, beamed with joy, and quickly said, "Boss, shall I inform them?"

"Notify them, come to my house tonight."

Xia Yu nodded slightly and ordered.

Although the New York Board of Exchange is investigating the Galaxy Fund, Xia Yu is not inactive.

The New York Board of Exchange is also burdened by huge public opinion pressures and internal pressures. The term “money can move the mind” applies everywhere.

For more than ten days in a row, the New York Board of Exchange and the United States Board of Exchange did not seize the handle of the Galaxy Fund. How can I resist the pressure and affect the operation of the Galaxy Fund during normal working hours?

Therefore, the New York Board of Trade and the United States Board of Trade had to search for clues secretly and keep a close eye on the Galaxy Fund's account on the exchange.

As for those anonymous accounts, although they are controlled by the Galaxy Fund, they can now be bought and sold directly by machines and remotely controlled, without the need for offline transaction contracts. How can they be caught so easily?

As for looking up the Galaxy Fund's trading terminal along the data, it is simply wishful thinking that Xia Yu's computer capabilities will definitely beat a lot of experts in this era, not to mention that computers are not popular now, and there are very few people in the financial industry who understand computers. , Where is it so easy to be outstanding.

For this reason, although many institutions across Wall Street speculate that the mysterious spot giant in the market is the Galaxy Fund or its associates, they cannot find strong evidence.

That night, Xia Yu asked everyone to start shipping according to the plan that had been made.

After all, he just cleaned up the inventory of major mining companies and bought more production capacity for the next month. Now that the time is over half, it is time to start shipping.

Otherwise, after a month, the volume of goods supplied to the market by major mining companies will increase significantly, and prices will inevitably fluctuate.

Instead of passively accepting, it is better to start in advance and transfer the spot to other financial institutions.

The ultimate goal of financial institutions is to make money. They accept the spot at a high price. If they don't continue to raise the price, what more money will they make?

Xia Yu transferred part of the spot contract, which seemed to have made a little less money, but he pulled a large number of financial institutions on board, which helped him to smoothly sell the unsold contracts. In fact, he still made money, and also earned money. More stable!

Early the next morning, Xue He and his team began to look for the next home they had already targeted, including financial institutions and manufacturing companies that desperately needed copper and aluminum.

And the Galaxy Fund was not idle, Song Yang commanded the trader to start selling futures contracts.

There is Xia Yu sitting in the trading room, able to intervene in scheduling in a timely manner, strongly control the rhythm, and minimize the impact of selling contracts on the market.

Under normal circumstances, Xia Yu did not intervene, but let Song Yang command. This opportunity to sharpen his subordinates was rare, and he would naturally not underutilize it.

Buyers are like clouds. Galaxy Funds often list a futures contract for one second at most, before being bought by a trader from a certain institution closely following the market.

At this price, there are many conservative long-term institutions who want to close as soon as they see it. Therefore, there are always selling orders. Now the Galaxy Fund has placed sell orders one after another, which has not attracted attention.

Nowadays, to say which company in New York is the most worrying, there is no more Phillip Brothers, followed by Salomon Brothers, and no one is more difficult than this.

Philip Brothers, large meeting room.

An emergency board meeting is now being held.

Tendler Wells is not only the chief executive, but also the chairman.

Sitting at the top of the oval conference table, he got up and bowed to all the directors sitting to apologize, saying, "I'm really sorry, because my management mistakes have caused the company to have this huge crisis."

None of the directors here gave him a step down. After all, the company has fallen into such a situation, and it is their money that is lost. No matter what the reason, the loss is so serious that they are in a good mood.

Especially Kester Philip, the representative of the Philip family fund, is even more like a dead Lao Tzu, his face shrugged off, stinking to death.

He said in a hard tone with implied anger: "Wells, it's too late to say this. I want to know how serious the company's crisis is!"

"Yes, time is urgent, let's get down to business."

"Now every second, the prices of advanced copper futures and aluminum futures go up a little bit. We have no time to waste."

All the directors present all said, all urging Tendler Wells to get to the point.

Tendler Wells combines the positions of chief executive officer and chairman of the board. He has a strong control over the company. He has been covering the lid and trying to solve it on his own. Therefore, he has dealt with the inquiries from other directors. .

There was an emergency board meeting before, but the main content was to let the major directors exert their efforts. The situation was not as bad as it is now, so the company's investment situation was not described in detail, and the major directors did not know the truth and it was normal. .

Tendler Wells has a thick-skinned face. Although embarrassed, his face does not show the slightest.

He took a deep breath, brewed for a while, and said in a heavy tone: "Dear directors, our situation is already very bad. The company is on the verge of bankruptcy. The outside estimates are very accurate. According to the current situation, the company will lose at least one billion yuan. US dollars!"

The number of billions of dollars seen in the newspapers and heard from the mouth of Tendler Wells, the mood is very different, and everyone has no luck.

The meeting room suddenly became commotion.

Tendler Wells continued to say with a blank expression: "The company's stock price has fallen to 7.74 US dollars per share, which is a drop of more than 72.2% from the recent peak of 27.87 US dollars. The company's current market value is 11.61. Billion US dollars, 3.012 billion US dollars have evaporated from the peak."

"And because of the influence of public opinion, investors have lost confidence in our company. Now investors who are waiting to get their funds line up to Tongniu. I have ordered people to delay as much as possible, but everyone knows that investors have the right. We won't be able to hold back the funds for long!"

"Now that the company is on the verge of bankruptcy, if the prices of advanced copper futures and aluminum futures continue to rise, our ultimate end is to file for bankruptcy and liquidation!"

As soon as these words came out, the directors here finally couldn't help but exploded.

Kester Phillips resolutely said: "The company must never go bankrupt!"

The Philip Family Fund holds a cumulative 27.8% stake in Philip Brothers, which was worth US$1.16 billion when the company's stock price was normal a month ago.

It's just that the company's market value has shrunk, and their equity is worth more than 300 million US dollars at the current stock price.

Although the loss was heavy, it was still worth somehow? Anyhow, there is some comfort!

If Philip Brothers goes bankrupt, then their stock will be worthless.

Not only that, once the assets are liquidated after bankruptcy, after the investors have retrieved the funds, if the capital is used to repay the debt, the excess debt will need to be borne by the shareholders.

As the largest shareholder of the company, the Philip family fund will bear the largest debt.

If there is still a debt of 7.8 billion U.S. dollars after the liquidation, the Philip family fund will need to assume two or three billion U.S. dollars in debt, which is enough to wipe out the Philip family.

The Philip family was originally based on the Philip Brothers Company's rise. It can be said that the equity of the Philip Brothers Company is the greatest wealth of the Philip family. Although many assets have been diversified through dividends over the years, the amount is not too large. After all, not all investments are made. Is successful.

Excluding the equity of Philip Brothers, the Philip family's assets are not much.

If Philip Brothers really goes bankrupt, Kester Philip will definitely lose the equity before going bankrupt, even if it's free!

He is very clear that most of the capital of Philip Brothers comes from investors and banks. The company's net assets are definitely not one billion U.S. dollars. Since Tendler Wells will definitely lose more than one billion U.S. dollars, then as long as the company goes bankrupt, the assets Negative is affirmative.

Rather than carrying debts to drag the Philip family into the water, it is better to find a fool to send out the equity.

I'm afraid I'm afraid that there will be no fools to ask for it, and I can't send it out!

"Yes, the company cannot go bankrupt!"

The appointed director of Bear Stearns also said firmly.

Bear Stearns is a Jewish investment bank and cooperates very closely with Philip Brothers. When the latter uses leverage, it often finds Bear Stearns. Now Bear Stearns has borrowed at least $1 billion to Philip Brothers.

If Philip Brothers goes bankrupt and Bear Stearns fails to invest, I am afraid that even the borrowings will not be fully recovered.

"The company can never go bankrupt, nor can it go bankrupt!"

The resident directors of other banks said that they were surprisingly unanimous in their attitudes that they would not allow Philip Brothers to go bankrupt for exactly the same reason.

Seeing everyone's reaction, the corner of Tendler Wells's mouth, who was sitting above him, disappeared, and he was waiting for this moment!

"Now the situation is like this. If the company does not want to go bankrupt, it must obtain sufficient funds, but unfortunately, our company can't borrow money. No bank will lend us money~www.mtlnovel.com~ Speaking of banks, Tendler Wells looked at the directors assigned by the banks.

But at this time, these directors all pretended to be deaf and dumb, making it clear that they didn't want to sink again.

Of course, there is still another way to go, that is, all shareholders pay money and inject capital into the company again to increase the company's total net assets.

As long as the company does not become insolvent, it will naturally not go bankrupt.

But this method, Tendler Wells knows absolutely impossible, because no shareholder will be willing to inject capital in this situation, even himself, even if his shareholding ratio is only 3.2%. , He is not willing to inject capital again.

Even he himself has no confidence, he certainly doesn't mention it, and other directors naturally also selectively ignore it.

For a while, the meeting room became quiet, and the atmosphere became dull and weird.

Chapter end