Rebirth of the Strongest Tycoon
Vol 3 Chapter 875: Gambler psychology
"Mr. Morton, you are here this time, are you ready to return the equity and end the bet?"
Edward Jefferson, general manager of the Thunder Company, said stiffly, without giving Toby Morton a good face.
This is also normal. After all, the Thunder Company had previously gambled with Jiuding Securities Company to hold 5.85 million shares of Philip Brothers, which accounted for 3.9% of the company’s total shares. At that time, it was worth 163 million. One million U.S. dollars.
But who knows that by now, the share price of Philip Brothers has fallen to $1.58 per share, and the listing has been suspended by the New York Stock Exchange. The 5.85 million shares held by Thunder are calculated based on the final share price. , The most is worth 9.24 million US dollars.
In such a short period of time, the gap is so big, how can you not make Edward Jefferson angry?
Thunder is just a Wall Street investment bank that can reach a large scale, with an annual net profit of about 150 million US dollars.
But this time, I planted a big somersault on the stock of Philip Brothers, and lost all the net profit of the previous year. Although there are reasons for my own judgment and too optimistic about Philip Brothers, it faces direct benefits. Predator, it's weird that Edward Jefferson had a good face.
Toby Morton doesn't care about Edward Jefferson's attitude. He has cheated the other side and can't allow the other side to have opinions?
He smiled and said, "Mr. Jefferson, I am here this time to help your company a little favor."
Edward Jefferson laughed angrily, leaned back on the chair, and looked up at Toby Morton, wanting to know what flowers he could tell.
"Mr. Morton, today is not April Fool's Day, and I have no time to joke with you."
Toby Morton said with a serious expression, "I'm not kidding, you might as well listen to me first."
Edward Jefferson paid a little attention to it, and looked at Toby Morton with scrutiny.
then heard him say:
"Now the New York Stock Exchange has suspended the listing of Philip Brothers. According to normal procedures, it will take at least one year for Philip Brothers to be listed again, but only if it is financially healthy and profitable one year later."
"It's just that based on the current situation, it's hard to say whether Philip Brothers can continue to exist."
"So the 5.85 million shares of your company have been trapped."
Seeing Toby Morton pause, Edward Jefferson sneered and asked, "So what?"
Toby Morton said with a smile: "So I plan to help your company unwind and recover the remaining funds. The method is that our company directly buys the stocks held by your company and changes the gambling agreement. Repay your stocks, but directly replace them with cash."
Edward Jefferson was taken aback for a moment, frowned and looked at Toby Morton, and said immediately: "This is not impossible, but your company's bid must not be less than 20 million US dollars!"
Toby Morton narrowed his smile, looked at Edward Jefferson like a knife, and said dissatisfiedly: "Mr. Jefferson, your request is too ridiculous!"
"You should be very clear that Philip Brothers is already insolvent. Its stock has ceased to circulate and has lost its value. Even at the price of the market, your equity is only worth 9.24 million US dollars. If you don’t get out of the market, prices will only fall even lower."
"In our opinion, the value of five million dollars is high. You told me that it was worth twenty million dollars. You are kidding."
Edward Jefferson said coldly: "I'm not kidding, if you want it, you must bid 20 million dollars!"
"Not long ago, the equity we held was worth more than $160 million."
After all, Edward Jefferson is not reconciled. He has a thorn in his heart. He is extremely wary of Toby Morton, so he subconsciously does not want to lower his head.
Even at the current market price, the highest price would only be 9.24 million US dollars.
Although the money is not a small amount, but thinking of the loss of more than 100 million US dollars, he thinks about the big deal and gamble again. Maybe Phillip Brothers can survive it?
Although this chance is small, he still intends to take a gamble.
The price of 20 million U.S. dollars, although he really wants to sell, it also hides his temptation.
If Jiuding Securities Co., Ltd. is willing to buy it in the face of the 20 million U.S. dollars he opened, there must be information that he doesn't know. Instead, he wants to continue to hold it for a turnaround.
Anyway, it has fallen to the bottom, and it won’t fall anywhere anymore. Don’t worry about more lice!
It is a pity that Toby Morton could not agree.
I saw Toby Morton's face turned cold, and he retorted: "Mr. Jefferson, you also know that it was in the past. The financial market is changing rapidly. I know you may feel uncomfortable, but for the Thunder, the best The situation is to choose to accept reality and minimize losses, right?"
"Don't ask for an outrageous price. I will give you a price of seven million dollars. If you are unwilling, then we can only talk about it today."
"I believe that I can buy stocks from other investors at a lower price, and the big deal is to repay the stocks directly to your company."
"The reason why I proposed to end the gambling with cash is not only to ease the relationship with Thunder, but more importantly, I am too troublesome to spend time and energy on purchasing stocks."
Edward Jefferson frowned, and he was a little hesitant in the face of Toby Morton's cold attitude.
But the hesitation lasted only three seconds, he was cruel, and he decided to gamble.
Anyway, he has lost so much, he will face being criticized by the directors on the board of directors, and may even be fired.
Even if he gets back less than ten million dollars, his guilt will not be reduced much.
It's better to give it a go. Maybe Philip Brothers has a turnaround, and he can find a way out for himself.
"I am also short on time. I don't have so much time to waste. Eighteen million dollars. This is my bottom line."
Edward Jefferson said firmly.
Toby Morton looked at him for a moment, retracted his gaze, shook his head slightly and stood up and said: "Well, Mr. Jefferson, you might as well think about it again. I'll wait for your news in three days."
"You are busy at work, I won't bother too much."
After finishing speaking, he simply turned around and left.
He bid 7 million U.S. dollars, Edward Jefferson also bid 18 million U.S. dollars, no matter how you talk about it, it will exceed 12 million U.S. dollars. This is absolutely impossible!
According to the current market value of Phillip Brothers, the value of this stock will definitely be less than nine million dollars.
If he buys more than 10 million US dollars, it will make the market turbulent again, and the subsequent stocks will be even more difficult to acquire.
The frustration at the Thunder did not hit Toby Morton. After he came out, he immediately moved to the next target.
Time is tight and tasks are heavy. He must speed up his actions and buy as many shares of Philip Brothers as possible before others react.
In the next acquisition, of course, there are also the same options as Thunder, but most of them chose to accept the plant and sell the stock at the "high price" given by Jiuding Securities.
Three days later.
"Boss, UU reading www.uukanshu.com as of the latest progress, the company has acquired 41.1 million shares of Phillip Brothers, accounting for 27.4%, and the total cost is 5,836. Ten thousand U.S. dollars!"
"Now it is known from the outside that our company is acquiring shares of Philip Brothers. They are all mocking our company's stupid behavior, and no institution has interfered."
"Now that the liquidation process is still going, there are more news coming out, but they are all harmful news to Philip Brothers."
Toby Morton reported the latest situation to Xia Yu in the office.
Xia Yu nodded with a smile, and said in praise: "The results are very good, you have worked hard."
"No hard work, this is my duty!"
Toby Morton said with a smile.
Xia Yu’s eyes flashed with satisfaction, and after thinking about it, he said, “Now that the outside world laughs at it, let’s laugh at it. The bankrupt Philip Brothers company may be a tasteless and burden for them, but it is very valuable to us.”
"Next, you have to seize the opportunity to acquire as many stocks as possible without hiding it. Now those major shareholders, you can send someone to get in touch with them and try to buy their equity. I believe some people can't wait to get out of this quagmire immediately. Just help them once."
Toby Morton laughed immediately and nodded again and again: "I understand, I will execute it immediately."
"Well, go, do it!"
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