Rebirth of the Strongest Tycoon

Chapter eight hundred and seventy second collapse

"okay, I get it."

"Keep an eye on Philip Brothers!"

After speaking, Xia Yu hung up the phone decisively.

Seeing the calm expression on the boss Xia Yu's face, Song Yang was a little overwhelmed and wanted to ask but was afraid to ask.

At first, he happened to receive a call from a stranger saying that he wanted to see Xia Yu. He couldn't figure out what the situation was, so he could only send someone to the operation room to ask the boss Xia Yu to come over. Unexpectedly, the boss just hung up after a few words. Lost.

Xia Yu glanced at Song Yang, did not explain, and directly instructed: "Order the people below to speed up the delivery of hidden accounts. Do not sell futures contracts on open accounts, and arrange them now."

Song Yang was a little puzzled. He suppressed his curiosity and nodded in response, "Yes!"

"Boss, I'm leaving first!"

After speaking, Song Yang immediately exited the office and walked quickly towards the operating room.

After thinking for a moment in the office, Xia Yu did not go to the operating room, but left the Galaxy Fund in a low-key manner and drove back home.

He went to inform others to speed up the shipment too.

On the phone just now, someone had informed him that the top management of Philip Brothers had placed G. William Miller, Secretary of the Treasury, and Paul Volcker, Chairman of the Federal Reserve.

As for the purpose of the visit, the person who notified them did not say, and obviously did not know.

But this information was enough for Xia Yu.

He understood that Philip Brothers was on the verge of death and was now struggling.

He did not take it lightly, but chose to reduce the risk in the first place to fight against it. The method was to ship as soon as possible, pull other institutions on board, and let the giants of Wall Street bite the dog.

The more goods he releases, the more Wall Street institutions take over, and the more reluctant they are to get off the ship.

Maybe some institutions will choose to stop and relieve pressure in terms of millions of profits and pressure, but he does not believe that in the face of tens of millions or even hundreds of millions of dollars in profits, these institutions will surrender and let go!

As long as these institutions are willing to carry it, it will be difficult for the U.S. Treasury Department to implement the policy, and even the policy will be stillborn. Unless real benefits are exchanged, Philip Brothers will be doomed.

...

One hundred million dollars!

Two hundred million dollars!

Three hundred million dollars!

After Xia Yu's order to speed up shipments was sent from New York to the world, first-hand spot and futures contracts began to be sold quickly, and a large amount of money flowed into the accounts of several Swiss banks that had been prepared, some of which were in Switzerland. After the turnover between banks, it is transferred out and flows into the account of Jiuding Bank or Chiba Bank of the island country.

On a global scale, the contracts in the island country's futures market are the fastest to clear their positions, and the island country's market has Sumitomo Trading Co.

In the UK, Barings Bank saw the rising prices of LME copper futures and LME aluminium futures, like ants on a hot pot. Down the quagmire.

"The market cap has fallen below a billion dollars,

Great! "

In the New York Jiuding Securities Company, the stock price of Philip Brothers fluctuated a little, from US$6.66 to US$6.65 per share, and the market value fell below one billion US dollars in an instant. Toby Moulton was in a turbulent mood and couldn't help shouting happily.

Xia Yu couldn't help but raise the corners of his mouth, thinking to himself, "It's time to do it!"

Sure enough, I saw that Toby Moulton immediately followed his previous work deployment and began to instruct traders to start buying stocks carefully.

Xia Yu picked up a copy of "New York Daily News" on the newspaper shelf next to him and read it. He saw the most prominent position on the front page, a line of bold words was very eye-catching, and the translation was really impressive - Philip Brothers The company is about to go bankrupt!

Below the big characters, there is an article with thousands of words, which rationally and justifiably wrote out the real situation and speculation of Philip Brothers, and finally made a concluding statement, confirming that Philip Brothers has been repaid with capital, and there is a high investment risk. , investors need to pay close attention.

"New York Daily News" was a first-class newspaper with a daily sales volume of 700,000 copies before Xia Yu's acquisition. After optimization and adjustment, it is now even more popular, with a daily sales volume of 780,000 copies.

Such a newspaper clearly looks down on Philip Brothers, and one can imagine how bad the impact will be.

The New York Daily News played no small role in Philip Brothers' market cap dipping below a billion dollars this morning.

For Philip Brothers, the nightmare didn't stop there.

With its market value falling below $1 billion, the bulls who are long senior copper and aluminum futures seem to be encouraged, their morale has soared, and their longing has increased again. It seems that they want to seize the opportunity. Brother companies suppressed it to the end, so that it had no chance of turning over.

Seeing this situation, Song Yang, who has been paying close attention to the market, immediately instructed traders to increase the intensity of selling contracts.

Every time a futures contract is thrown out, it is bought by an unknown institution in an instant, and what Galaxy Fund reaps is the beloved money.

In addition, Philip Brothers also ushered in a joint investigation by the New York Exchange Commission and the New York Mercantile Exchange.

Whether the investigation team was dispatched under the pressure of public opinion is still unknown, but since the two official agencies have come forward to investigate, there will definitely be a result, and the majority of investors have the right to know the real situation of Philip Brothers.

If Philip Bros. were truly insolvent and there was a significant risk, Philip Bros. would definitely be monitored by the Nymex exchange to prevent management and shareholders from transferring assets.

Philip Brothers.

Watching the investigation team walk into the operating room and the financial office, Tendler Wells closed his eyes in despair.

Unlike the investigation team investigating the Galaxy Fund, the situation of Philip Brothers is more serious, so the investigation team cannot be stopped at all.

Tendler Wells is very clear that the company is really insolvent. As long as the investigation team carefully checks the financial income and expenditure and investment accounts, the real situation will soon be discovered.

Looking at the reporters squatting downstairs through the glass, Tendler Wells sighed and ordered the secretary to call the directors of the company one by one.

The investigation team suddenly attacked, and the matter has come to this point, he has nothing to do, let the major directors prepare.

If any director can turn the corner and let the vague Fed lend a helping hand, then Philip Brothers can still be saved, or the day of bankruptcy is not far away.

As time passed by, more and more directors rushed over, but the people of this investigation team were not involved, they only knew how to bury their heads in the investigation.

Finally, around 5:00 pm, the investigation team finally stopped.

There was no face-to-face feedback. Before leaving, the leader of the investigation team only left a sentence to Tendler Wells: "The security deposit of Philip Brothers has been exhausted, and the security deposit of 23 million US dollars must be Make it up within 24 hours, or the exchange will forcibly intervene.”

After that, the investigation team left without any hesitation.

But it was this sentence that changed the expressions of everyone present.

The margin gap is now 23 million US dollars. When the market opens tomorrow, this supplementary figure will only be more or less.

But my family knows about their own affairs, and Philip Brothers is really out of money!

Will the company eventually go bankrupt? !

Looking at Kester Philip who was in a trance, Tendler Wells clenched his fists, but finally released them weakly.

Everything happened so fast that they were sentenced to death before their plan could be implemented.

Immediately afterwards, a group of heavy-hearted people walked into the conference room for another meeting.

The results of the meeting were terrible, and the directors were reluctant to pay to help the company through the difficulties.

Obviously, in the face of the indifference of the Federal Reserve and the US Treasury, they finally chose to give up and force the government and the Federal Reserve to make a choice at the cost of destruction.

The next day, the bulls were even more crazy, the floating losses of Philip Brothers continued to expand, and the positive gap between the insurance and gold easily exceeded 30 million US dollars and went madly to 40 million US dollars.

Seeing that Philip Brothers did not do anything, the New York Mercantile Exchange issued a series of warnings to no avail. They directly chose to intervene by force, temporarily depriving Philip Brothers of its trading seat, and at the same time reported to the New York Exchange Commission, requesting that the assets of Philip Brothers be frozen.

No way, the New York Mercantile Exchange has no way to help Philip Brothers close the position. After all, the latter is a short position. If the position is forcibly liquidated, the New York Mercantile Exchange will need to pay.

Why would you be willing to pay for the liquidation of Philip Brothers' positions if you can't get the deposit back?

To close the position, it is also to use the assets of Philip Brothers to close the position!

When the swarms of the New York Exchange Commission re-entered Philip Brothers, a swarm of reporters swarmed.

When they learned that the New York Exchange Commission was actually here to block Philip Brothers, the group of reporters immediately became agitated, and they knew exactly what this meant.

Soon after, the news spread all over Wall Street at a rapid speed, and Philip Brothers was insolvent and collapsed!

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