Chapter 875: Gambler Psychology

"Mr. Moulton, are you here this time to return the equity and end the bet?"

Edward Jefferson, the general manager of Thunder Corporation, said with a stiff face, not giving Toby Morton a good look.

This is also normal, after all, Thunder Company had gambled with Jiuding Securities Company before, and the 5.85 million shares of Philip Brothers Company held in their hands, accounting for 3.9% of the company's total shares, were worth $163 million at that time.

But who knew that by now, the stock price of Philip Brothers had fallen to $158 a share, and its listing was suspended by the New York Stock Exchange, and the 5.85 million shares held by Thunder Company were worth $9.24 million at most according to the final stock price.

In such a short period of time, the gap is so big, how can it not make Edward Jefferson angry?

Thunder is just a large-scale investment bank on Wall Street, with an annual net profit of about $150 million.

However, this time he planted a big heel in the stock of Philip Brothers, and lost the net profit of previous years, although he had his own judgment errors and was too optimistic about Philip Brothers, but in the face of direct profit predators, it is strange that Edward Jefferson can have a good face.

Toby Morton doesn't care about Edward Jefferson's attitude, he cheated the other party, and can't allow the other party to have an opinion?

He smiled and said, "Mr. Jefferson, I came this time to do your company a small favor. ”

Edward Jefferson laughed angrily, leaned back in his chair, and looked up at Toby Moulton with his head tilted slightly, wondering what he could say.

"Mr. Moulton, it's not April Fool's Day, and I don't have the time to joke with you. ”

Toby Morton said with a serious expression: "I'm not joking, you might as well listen to me first." ”

Edward Jefferson paid a little attention and looked at Toby Moulton with a scrutinizing gaze.

Then I heard him say:

"Now that the New York Stock Exchange has suspended the listing of Philip Brothers, it will take at least one year for Philip Brothers to be re-listed, but only if it is financially healthy and profitable after a year. ”

"It's just that according to the current situation, it is difficult to say whether the Philip Brothers company can continue to exist. ”

"So the 5.85 million shares held by your company have been trapped. ”

Seeing Toby Morton pause, Edward Jefferson sneered and asked, "So what?"

Toby Moulton said with a smile: "So I plan to help your company unbundle and get the remaining funds back, the way is that our company directly buys the shares held by your company, and the VAM agreement is changed, we will no longer repay your shares, but directly replace them with cash." ”

Edward Jefferson was stunned for a moment, frowned at Toby Moulton, and immediately said: "It's not impossible, but your company's bid must not be less than 20 million US dollars!"

Toby Moulton retracted his smile, looked at Edward Jefferson like a knife, and said dissatisfiedly: "Mr. Jefferson, your request is too outrageous!"

"You should be well aware that Philip Brothers is insolvent, its shares have been taken out of circulation, it has lost its value, and even at the price at the time of the delisting, your equity is worth $9.24 million, and if it is not delisted, the price will only fall even lower. ”

"In our opinion, five million dollars is worth a lot, and you tell me it's worth 20 million dollars, and you're kidding. ”

Edward Jefferson said with a cold face: "I'm not kidding, if you want it, you have to bid two million dollars!"

"Not so long ago, our stake was worth more than $160 million. ”

In the final analysis, Edward Jefferson was just unwilling, had a thorn in his heart, and was extremely wary of Toby Moulton, so he subconsciously didn't want to bow his head.

Even at the current market price, it will only sell for $9.24 million at the highest.

Although this amount of money is not a small amount, but thinking of the loss of more than 100 million dollars, he thought that it would be a big deal to gamble again, maybe the Philip Brothers company could survive?

Although the odds were slim, he still planned to gamble.

The price of 20 million US dollars, although he really wants to sell, also hides his tentative thoughts.

If Jiuding Securities Company is willing to buy the $20 million he opened, then there must be information that he doesn't know, and he wants to continue to hold it for a turnaround.

Anyway, it has fallen to the bottom, and it won't fall anywhere if it falls, and there are more lice!

Unfortunately, Toby Morton simply couldn't say yes.

I saw Toby Moulton's face turn cold, and he argued in a serious voice: "Mr. Jefferson, you also know that it was in the past, the financial market is changing rapidly, I know you may be uncomfortable, but for the Thunder Company, the best situation is to choose to accept the reality and reduce losses as much as possible, isn't it?"

"Don't make an outrageous price, I'll put a price of seven million dollars, and if you don't want to, then that's all we can talk about today. ”

"I believe I can buy the shares from other investors at a lower price, and it's a big deal to pay back the shares directly to your company. ”

"The reason why I proposed to you to end the gambling in cash is not only to ease the relationship with Thunder Company, but more importantly, I am too troublesome to spend time and energy to deliberately acquire stocks. ”

Edward Jefferson frowned, and he was a little hesitant in the face of Toby Moulton's cold attitude.

But the hesitation only lasted for three seconds, and he was so ruthless that he still planned to gamble.

Anyway, he has lost so much, and he will face being attacked by the directors on the board of directors, and may even be fired.

Even if he gets back less than 10 million dollars, his culpability will not be much lower.

It's better to give it a go, maybe there is a turnaround for Philip Brothers, and he can find a way to survive for himself.

"I'm also short on time, I don't have so much time to waste, eighteen million dollars, that's my bottom line. ”

Edward Jefferson said firmly.

Toby Morton looked at him for a moment, then withdrew his gaze, shook his head slightly, got up, and said, "Well, Mr. Jefferson, you might as well think again, I'll wait for your news in three days." ”

"You're busy with work, so I won't bother you too much. ”

After saying that, he simply turned around and left.

He bid seven million dollars, and Edward Jefferson also bid eighteen million dollars, and even if you talk about it, it will exceed twelve million dollars, which is absolutely impossible!

At the value of Philip Brothers in the market today, the stock would definitely be worth less than nine million dollars.

If he pays more than 10 million dollars to buy, it will make waves in the market again, and the stocks behind it will be even more difficult to acquire.

The setback at the Thunder Company didn't hit Toby Moulton, and he immediately moved on to his next target.

Time was tight, and he had to move quickly to buy as many shares as possible in the company before others could react.

In the next acquisition, of course, there are the same choices as Thunder Company, but most of them choose to admit and sell the shares according to the "high price" given by Jiuding Securities Company.

Three days later.

"Boss, as of the latest progress, the company has acquired 41.1 million shares of Philip Brothers, accounting for 27.4%, with a total cost of 58.36 million US dollars!"

"Now that the outside knows that our company is buying shares in Philip Brothers, they are laughing at our company's stupidity, and no one is involved. ”

"Now the liquidation process is still going on, and there is a lot of news, but it is all news that is harmful to Philip Brothers. ”

Toby Moulton reported the latest situation to Xia Yu in the office.

Xia Yu nodded with a smile and praised: "The results are very good, thank you for your hard work." ”

"It's not hard, it's my duty!"

Toby Morton said with a smile.

Xia Yu's eyes flashed with satisfaction, and after thinking about it, he said: "Now the outside world will laugh at it, the bankrupt Philip Brothers Company may be a chicken rib and a burden for them, but it is very valuable to us." ”

"Next, you have to seize the opportunity to buy as many shares as possible, and there is no need to hide, now those major shareholders, you can send people to contact, and strive to buy their shares, I believe that some people want to get out of this quagmire immediately, and we just help them once." ”

Toby Morton immediately laughed and nodded repeatedly: "I understand, I'll execute it right away." ”

"Well, go ahead, do a good job!"

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