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Chapter 498 I am Daozu
48 million U.S. dollars, the entire Oasis Securities is only worth 75 million. How gross is this? In just three days, it lost 64%? This is even more exaggerated than the financial crisis.
What’s even more terrifying is that these losses require a large amount of cash to be paid. When is the settlement date? May 5th, which is next Friday.
If the money is not paid, the insurance company will first pay the money to Forest, and then go to Oasis Securities to collect the debt. If it does not pay back, the mortgaged shares will be auctioned. In the end... it's like a chicken and a egg.
Pay on time? It’s too difficult. First, you have to drain all the liquidity and securities assets of Oasis Securities. Raising 20 million is considered a top-end, and you have to withstand the depreciation caused by rapid selling. Then you need to get a loan and discuss it with insurance companies and banks. Provided $28 million.
The problem is... after giving this money, any fool knows that Oasis Securities is no longer worth 75 million, and even the 27 million after 75 million minus 48 million is not worth it.
Without money, there is no way for the entire company to operate smoothly. If there is no way to operate smoothly, there is no way to obtain due profits. Without profits, how can you support your employees? The loss of employees will cause the company to be unable to operate. This is a vicious cycle.
The entire Oasis Securities was completely confused. They were facing a more difficult situation than Forest had been some time ago.
"Look, Jack, we can lend money, we can lend money."
"Damn, how did I know there was a move of more than a hundred basis points in just three days?"
"FUCK! Are you saying now that the principal amount of the agreement is too much? You didn't have this attitude three days ago!"
"We've been calculated! Listen, we've been calculated! That damn one million! That damn huge agreement principal! Those damn confirmation days, trading days, and settlement days! It's all a calculation!"
"I don't care. I don't care why he knew there would be a big change in interest rates. What I want to say is that the company is facing an unprecedented crisis!"
At Oasis Securities, Keith was in the office, explaining to shareholders one after another. His attitude... He holds 30% of the shares, so it's strange that he has a good attitude.
The entire Oasis Securities is also in a state of gloom and gloom.
Although Saturday and Sunday are not working days, the interest rate will appear to be frozen, but in fact it is still brewing momentum. On the determination day of Monday, the interest rate will release the final signal.
Will it be able to smooth out the 160 basis point change by then? Impossible, it is more likely that it will hit the market again. In other words, Oasis Securities' losses are likely to be more than 48 million.
Without money, does the company still have a future? What an international joke.
So, should everyone look for some retreat?
"I think it would be a good thing if LEI could hold corresponding shares."
"Yes, we are integrating with Forest. Does it matter who is the boss?"
"I heard about the Chinese guy from LEI, do you know..."
The financial circle is very realistic. Although they are worried, they see a sunshine avenue. The merger of Oasis Securities and Forest, and then everyone will do whatever they need to do. Maybe under the leadership of that Chinese, everyone will live better?
On Friday, every financial institution has a meeting. Oasis Securities is full of negative emotions, while Forest is happy and just has to beat the gongs and drums.
At 5:30 pm, when Lei Hao walked into the conference room, he was a little surprised to see Fox, Buhler, Arman, and Niya all standing up and applauding. In the eyes of several subordinates, excitement shone. look.
Revenge never lasts overnight. This is the real version of revenge never overnight. Less than two weeks have passed since Forest was plotted by Oasis Securities. Just a few working days after Lei Hao took over Forest, he gave the opponent a heavy blow at almost zero cost. .
Now Oasis Securities has only half a life left.
"Boss, please allow me to take my hat off to you. I fully believe that under your leadership, Forest will move to Lower Manhattan." Fox said incoherently.
"I have received expressions of interest from several mid-level employees at Oasis Securities. Under the premise that Oasis Securities must lay off employees unless it is acquired, Forest is their first choice." Niya had a pleasant smile on her chubby face, and her whole person looked... Radiant.
"In the past three days, we have received a large number of business inquiries from customers, all of whom are wealthy people. If they all follow, I have to say that Forest's human resources are not enough." Buhler simply admitted his mistake and said: "Boss, you is correct."
Arman, who was most troubled, sighed helplessly. In fact, he was still worried that such large changes in interest rates rarely happened. Such forward interest rate agreements with huge principals rarely appeared. He still felt that this This operation is too weird.
Call it a big risk. Under normal circumstances, the profit or loss is only a few million. Call it a small risk, but you made tens of millions of dollars in one go. This is simply... outrageous.
"You win, boss." Arman held it in for a while and could only lower his head. "If my wrong opinion can bring profits to Forest, then I hope I am the one who will always make mistakes."
"Don't say that, Yaman, the whole Wall Street is wrong. Fortunately, we have the right boss, so..." Fox smoothed things over and said with a happy smile: "Now is the harvest time."
"Arman, I appreciate your attitude of being loyal to your duties." Lei Hao was too lazy to use broken English and instead spoke directly in Chinese: "So, what do you think now? I mean, how should we manage Oasis Securities? ?”
"Hahaha." When Leo translated Lei Hao's words, there was a burst of excited laughter in the conference room.
But today is different from the past. Whether it is Fox, Niya, Buhler, or Arman, they are now facing tremendous pressure from Lei Hao's questions.
This is a boss worth following. This is a man who defeated Oasis Securities in a few days. He is rich and capable. So, as his subordinate, how should you express yourself?
For more than ten seconds, there was an eerie silence in the conference room.
"Fox." Lei Hao thought that the emotional buffering time was enough, and immediately called Fox's name.
"Let me tell you." Fox nodded and told Lei Hao in broken Chinese: "With such a big loss, the best outcome for Oasis Securities is to give them part of the money and part of the shares. They are still the masters, but …”
"There's no way we're going to accept that."
"Yes, let them die!"
Both Buhler and Jarman expressed their attitudes at the right time.
Lei Hao didn't take it seriously.
Outsiders didn’t know it, but Lei Hao knew very well that Oasis Securities’ losses would reach US$54 million.
To pay according to this figure, the best way is of course for Oasis Securities to give a part, and then the shareholders to give a part, and then use the shares to offset part of it.
For example, if Oasis Securities allocates US$10 million and shareholders raise US$20 million, Oasis Securities will be left with a valuation of US$65 million. About 36.9% of the shares can repay the remaining US$24 million.
In this case, Lei Hao can get 30 million US dollars plus 36.9% of the shares of Oasis Securities.
How could Lei Hao agree? He is not the father of Oasis Securities, why should he take care of him so much?
"The second way is that they can raise funds. Well, I personally feel that this is unlikely. Huge losses will cause Oasis Securities to collapse. Even if there are institutions willing to give them loans, they are still trying to annex them. .”
"The third way is that they convert the losses into shares and give them to us, provided we agree."
"There are several remaining ways, but I think... those are not important. What is important is, boss, do you want the entire Oasis Securities? As far as I know, LEI has enough funds!" Fox said with a bright look on his face. Flying, heart beating out of chest.
"My original goal was to eat the entire Oasis Securities!" Lei Hao spread his hands and said, "It's a pity that none of you believe it."
"..." There was another period of silence.
Only Fox and the others remembered that Lei Hao had said that he would swallow up the entire Oasis Securities. Now, success seems to be imminent.
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