Rebirth of the Strongest Tycoon

"Philip Brothers has entered the countdown to death!"

In Salomon Brothers, when he heard his subordinates report the actions of the New York Exchange Commission and the New York Mercantile Exchange against Philip Brothers, John Goodfrey said with a gloomy expression and a long silence.

At this moment, he had a feeling of sadness.

Although Philip Brothers has not yet collapsed, in John Goodran's view, it is almost like a collapse.

He found out that Philip Brothers was overdue and could not replenish the margin of the exchange. The board of directors could even see this directly, which showed that the situation inside Philip Brothers was worse than outsiders imagined.

How bad does it need to be for them to choose to give up!

Therefore, in John Goodran's view, Philip Brothers is no longer saved. Even if it is rescued, Philip Brothers will undergo a fundamental change. If the name is changed, it will be another company entirely.

If they can't be saved, they will be dismembered, and the old-fashioned financial companies of 60 to 70 years will disappear.

"Hey, it's a good thing to fall down, even if our company is also unlucky..."

Thinking of this, John Gufran's face was gloomy, and he had the urge to rush to Albert Raphael's house tonight and beat him.

What would Salomon Brothers be if it weren't for Albert Raphael!

Although it will not go bankrupt for the time being, it still suffers heavy losses. If Philip Brothers goes down, most of the pressure will be transferred to their company.

"There must be a problem here, maybe it's the conspiracy of the Chicago consortium..."

"Forget it, things have already reached this level, there is no need to explore the reason any more, let's buy a futures contract as soon as possible to stop the loss..."

After thinking about it, John Gufran immediately walked to the operating room.

...

"Boss, the stock price of Philip Brothers has crashed, should we temporarily stop buying stocks?"

While walking quickly to the operating room of Jiuding Securities Company,

Toby Moulton told Xia Yu.

Xia Yu kept walking, and said with a blank face, "Let's look at the specific situation first."

Toby Moulton said no more, and followed Xia Yu to the operating room.

Xia Yulian looked at the trading board, and it turned out to be red, and it fell almost vertically without much fluctuation.

Take another look at the latest stock price after the beating.

Good guy, the stock price has dropped to $4.02 a share, with a market value of $603 million, about to drop below $600 million.

(ooo)…

Just when Xia Yu was stunned, the stock price had fallen to $3.92.

Correspondingly, the market value of Philip Brothers officially fell below $600 million.

And the stock price is still falling all the way, obviously the market has panicked and is scrambling to sell and flee.

But there are not many stupid people in the institutions of Wall Street, and it is very clear that Philip Brothers is still in decline, and how can it possibly take over.

And now that Philip Brothers has been linked with bankruptcy, as long as it is officially determined that it will go bankrupt, the stock will be forced to go off the market soon, and now it is as much as you buy.

"Boss, there is an unexpected situation in Philip Brothers, and our previous plan is no longer in line with the plan. I suggest to temporarily stop the acquisition of stocks and wait and see first."

Seeing the boss recovered, Toby Moulton said immediately.

Xia Yu nodded slightly and said: "You are right, I didn't expect the Philip Brothers company to collapse so suddenly, stop the acquisition, it is estimated that the New York Stock Exchange will suspend the listing of Philip Brothers' stock soon, and then buy it again. "

Xia Yu is not a god either. This time, he misestimated the resistance of Philip Brothers and underestimated the extent of their losses.

It's normal to think about it, let alone Xia Yu as an outsider. It is estimated that the directors of Philip Brothers may not know the real assets of the company. After all, no company will be idle to count the company's assets in real time, let alone. There are more dark sides of established companies, and without comprehensive statistics, it is difficult to figure out how many messy assets they have.

Previously, the New York Exchange Commission and the US Exchange Commission were able to reach a conclusion after one day of investigation, not because they had completely calculated all the assets, but because the losses of Philip Brothers were too great, and a rough figure can be calculated only by roughly counting the assets.

Just an approximate number is enough to draw a conclusion, after all, the loss is too great!

However, the early collapse of Philip Brothers is more beneficial to Xia Yu. Just like now, if you want to acquire more than 20% of the equity, you can save tens of millions or even hundreds of millions of dollars.

At this moment, an employee walked over quickly, and Xia Yu and Toby Moulton turned to look.

I saw the employee greeted respectfully and said: "Boss, manager, the latest news, the official gave Philip Brothers a week, they must pay off the due debts within a week, and make up the security deposit on time, if they do. If not, Philip Brothers will be judged insolvent, and the authorities will intervene further."

"Is there anything else?" Toby Moulton looked at Xia Yu and then asked the employee.

"there is none left."

The employee shook his head and said, and Toby Moulton encouraged him to keep following the news.

"Boss, it seems that the next week is the most critical period, what should we do?"

Toby Moulton looked at Xia Yu and asked, waiting for his instructions.

Xia Yu thought for a while and said: "When something happened to Philip Brothers, the high-grade copper futures and aluminum futures went up even more crazy, and they can't escape just relying on themselves. It depends on whether it is bankruptcy or reorganization or bankruptcy and liquidation. The best outcome It’s just a reorganization after an organization takes over.”

In fact, there are two situations in a company's bankruptcy proceedings, one is bankruptcy reorganization, and the other is bankruptcy liquidation. The difference between the two is very large.

Bankruptcy and reorganization is to save the continuation of the enterprise, and bankruptcy liquidation is the procedure after the enterprise is eliminated.

The purpose of the former is to actively prevent the debtor's bankruptcy, reflecting the function of its property appreciation, while the purpose of bankruptcy liquidation is to passively and fairly distribute the debtor's property, reflecting the function of distributing the property after bankruptcy.

If it is bankruptcy and reorganization, Philip Brothers will exist as long as it does not change its name, and bankruptcy and liquidation will truly disappear.

Although the U.S. Exchange Commission and the New York Exchange Commission gave Philip Brothers a week, Xia Yu was sure that it could not escape.

Although the common reason for bankruptcy is the inability to pay off due debts, this is a common situation, and it is more important to judge based on two criteria.

The first is whether the debtor has the immediate ability to repay the debts due; the second is whether the debtor's assets are sufficient to cover all its debts (whether they are due or not).

According to the current situation, even if the debt of Philip Brothers is not due, it can be judged to be insolvent, because the company is already insolvent, which belongs to the second form.

Not to mention that Xia Yu has already found out that the debt between Philip Brothers and the two financial institutions is about to expire, with a total of more than 400 million US dollars. This money is not easy to take out, and it is not necessarily that any company is willing to take over the debt. .

In addition to creditors, Philip Brothers also has to face the problem of getting back funds from a large number of investors. Before entering the formal asset liquidation process, investors can get their funds back, as long as Philip Brothers agrees to give and has the money. !

However, when the company enters the formal asset liquidation, the company's assets will be frozen. At this time, the issue of asset distribution is involved. No matter whether it is an investor or a creditor, no application for recovering the assets can be made.

So it's conceivable that for the next week, Philip Brothers will be overcrowded and surrounded by investors demanding their money back.

Whether it is given or not, the collapse of Philip Brothers will accelerate.

After considering these, Xia Yu judged that the share price of Philip Brothers is still falling, and it is possible to drop to two or three billion US dollars.

Therefore, he quickly thought for a moment and instructed Toby Moulton: "Toby, you should do the following first: first, investigate the latest shareholders of Philip Brothers; second, prepare the gambling conversion agreement, and use Cash instead of stock to complete the gambling agreement; third, prepare for the suspension of listing of Philip Brothers, and we will take over the stock offline."

"My purpose is only one, to take down Philip Brothers!"