Rebirth of the Financial Crisis Sweeping the World

  Chapter 468 468 Despair

  At this moment, Huntington Bank Building, in the trading room.

  Wang Guanxi looked at the equity of Cardinal Health Group mortgaged by Evan Cardinal and was very satisfied.

  Wu Zhanhai asked: "BOSS, if Evan Cardinal goes out of position, can't afford our funds?"

  The 25% equity of Cardinal Health Group is only worth 1.5 billion U.S. dollars. According to the current bank loan mortgage rate, it can only lend 750 million U.S. dollars.

  There are too many loans this time. Evan Cardinal should be allowed to mortgage $2 billion in assets.

  Wang Guanxi said: “Don’t worry, the Cardinal family still has a lot of money. If they can afford it, it depends on whether they are willing to sell us the control of the Cardinal Health Group.”

  Wu Hongsheng said: "The Cardinal family actually lost a lot during the economic crisis. I believe they will still agree to our terms after a huge loss!"

  Li Guangyu smiled and said: “In fact, they have no choice. The Cardinal family has so many debts. If the position is liquidated this time, it will definitely be over.”

  Wang Guanxi smiled and said: "This Evan Cardinal wants to bet that he will not close the position, but if he dreams again, he will definitely close the position."

  Lu Jianyan asked: "Boss, do we continue to release bad news about the stock market?"

  Wang Guanxi thought for a while and said, "Not for the time being."

  Guan Zhenyi thought for a while and wanted to ask: “BOSS, after Evan Cardinal’s liquidation, should we cooperate with Northern Trust Bank and Sun Trust Bank to collect debts from the Cardinal family?"

Lin Jiyang also echoed: "Evan Cardinal has so many debts and doesn't want to liquidate his position. He asked us to borrow another 1 billion U.S. dollars. After this liquidation, he must not be able to repay the debt. Let us collect the debt together. They will definitely hand over the Cardinal Health Group!"

  Wang Guanxi felt that it made sense, and said: "Go and do it!"

   "Yes, BOSS!"

  Following the Fifth Third Bank, Huntington Bank, and Messi’s Pizza Company, people contacted Northern Trust Bank and Sun Trust Bank.

  The next day, July 10, the Dow Jones Index fell sharply with the international crude oil!

Soros Quantum Fund: "Driven by the expectation that the global economy will recover quickly, the oil market has run too far. I think the oil price correction we are currently seeing is a prelude, followed by the stock market and the commodity market. Fell sharply."

  Since the oil price closed at US$71.49 last Monday, oil prices have fallen sharply by nearly 12% so far.

  Felder Group: “The current decline in oil prices stems from people's realization that oil prices may have entered a new round of bubble period. There is no fundamental factor that can justify oil prices higher than 70 US dollars per barrel.”

  Today, the Dow Jones Index plummeted by 180 points to the 8020 position.

  While Evan Cardinal’s account has 120 million US dollars of margin left, if the Dow Jones Index falls another 20 points, Cardinal’s hedge fund will be liquidated.

  Today is Friday, fortunately, it has closed.

  But when the market opens on Monday next week, his account will be liquidated.

  Now there is a loss of 980 points on the book, and the floating loss is as high as 5.88 billion US dollars. If the Dow Jones index drops another 20 points, he will be completely finished.

  Moreover, if the 600,000 long Dow Jones index in the account is forcibly liquidated, the Dow Jones index will continue to plummet by many points, and the loss will increase.

  Thinking of this, Evan Cardinal trembled all over, the sweat on his forehead fell one by one, and he was helplessly paralyzed on the stool, not knowing what to do.

  If it weren't for Huntington Bank, if the Fifth Third Bank loaned $10, his account would be liquidated today.

  But what about next week?

  If the Dow Jones Index opens next week, his account will still be liquidated.

  He began to despair in his heart.

   "Am I really going to die?"

  Evan Cardinal was desperate and unwilling, clutching his fist fiercely and punching the wall!

"Do not!"

"Do not!"

"Will not!"

  ···

  At this moment, the Huntington Bank Building, Wang Guanxi and others are very excited.

  The Dow Jones Index has fallen to the 8020 position, and the No. 1 fund has a floating profit of 980 points on the book, a total floating profit of 2.45 billion US dollars, and the net value of the account is as high as 5.25 billion US dollars.

   Wu Zhanhai: "BOSS, the Dow Jones Index will soon fall below the 8000 position."

  Wu Hongsheng: "Then Evan Cardinal hasn't sold out yet"

  Li Guangyu: "It should be coming soon, he will definitely sell out next week!"

  Wang Guanxi smiled and said: "This guy has borrowed one billion dollars from us, but it's not enough to fill the hole."

  Lu Jianyan suggested: "BOSS, now Evan Cardinal is about to liquidate its position, we can go to debt collection"

  Guan Zhenyi also echoed: "Let’s force Evan Cardinal to sell us the control of Cardinal Health Group."

  Lin Jiyang also said: “Negotiating directly with the Cardinal family means that we are going to acquire the Cardinal Health Group!"

  Stephen Steno: "We can also cooperate with Sun Trust Bank and Northern Trust Bank to collect debts."

  Alan Fishman also followed: "I think the Cardinal family will definitely not be able to hold it!"

  Wang Guanxi nodded: "Take advantage of these two weekends, let's do it!"

  "Yes, BOSS" then Huntington Bank and Fifth Third Bank began to collect debts.

The next day, Northern Trust Bank and Sun Trust Bank were also scared. Together with the benefits provided by Huntington Bank and Fifth Third Bank, all the cash flow of Messi’s Pizza Company headquartered in Michigan was stored in two banks, so the two banks also started. Collect debts to the Cardinal family.

  Evan Cardinal faced strong pressure from outside and inside the family, and had to come to the Huntington Bank Building to negotiate on Sunday.

   Both parties are seated.

Wang Guanxi said: "Mr. Cardinal, I intend to acquire a controlling stake in Cardinal Health Group. You hold 25% of the shares in Cardinal Health Group. 10% of the shares are Class B shares. I intend to acquire Class B stocks in your family's hands!"

  Now that Evan Cardinal is ready to finish, Wang Guanxi directly stated his purpose.

  Evan Cardinal pondered for a long time, and said: "Mr. Wang, Cardinal Health Group is a family business of our Cardinal family, and it cannot be sold to you."

Wang Guanxi smiled and said: "Mr. Evan Cardinal, I know you are about to liquidate your position, and you did not force your composure anymore. You now hold at least 500,000 Dow Jones index long lists, which will soon explode. Position, think about it, when your account is liquidated, how many points will the Dow Jones Index fall?"

"I tell you, it can definitely fall by more than 300 points, and the 8000 position is still a key position. If it falls below, the bulls will be defeated. Under the situation that the long list in the account is liquidated, the Dow Jones Index may fall by 500. Point!"

   "Think about it, how much will you lose?"

  Evan Cardinal fell into deep contemplation again, and finally he said: "Mr. Wang, I cannot sell the control of Cardinal Health Group!"

  (End of this chapter)