"It's time to ship!"

Looking at the strings of data on the trading board, Xia Yu calculated for a long time in his mind and said lightly.

Song Yang, who was on Hou Yu's side, had a happy face on his face, and hurriedly said, "Boss, shall I inform them?"

"Inform them to come to my house tonight. ”

Xia Yu commanded with a slight bow.

Although the New York Exchange Commission is investigating the Galaxy Fund, Xia Yu is not without action.

The New York Exchange Commission is also burdened with huge pressure from public opinion and internal pressure, and the term "wealth can be used everywhere".

For more than ten consecutive days, the New York Exchange Commission and the U.S. Exchange Commission have not grasped the handle of the Galaxy Fund, where can they withstand the pressure and affect the operation of the Galaxy Fund during normal working hours?

As a result, the New York Stock Exchange and the U.S. Exchange had to secretly search for clues and keep an eye on the Galaxy Fund's account on the exchange.

As for those anonymous accounts, although they are controlled by the Galaxy Fund, after all, they can be bought and sold directly by machines, remotely controlled, and there is no need to trade contracts face-to-face offline, where is it so easy to be caught?

As for wanting to find the trading terminal of the Galaxy Fund along the data, it is simply wishful thinking, Xia Yu's computer ability is definitely beating a lot of masters in this era, not to mention that computers are not popularized now, and there are very few people in the financial industry who understand computers, where is it so easy to get out of the cow.

Because of this, although many institutions on Wall Street speculate that the mysterious spot giant in the market is Galaxy Fund or its accomplices, they cannot find strong evidence.

That night, Xia Yu followed the plan that had already been made and asked everyone to start shipping according to the plan.

After all, he just cleared the inventory of the major mining companies and bought more production capacity for the next month, and now that the time has passed, it is time to start shipping.

Otherwise, after a month, the volume of goods supplied by major mining companies to the market will increase significantly, which will inevitably make prices fluctuate.

Instead of passively accepting, it is better to start in advance and transfer the spot to other financial institutions.

The ultimate goal of financial institutions is to make money, and they accept spot at a high price, if they don't continue to raise the price, then what money do they still make?

Xia Yu transferred a part of the spot contract, which seemed to make a little less money, but it pulled a large number of financial institutions onto the ship, which helped him to make a smooth move on the unsold contracts later, in fact, he still earned, and he earned more steadily!

Early the next morning, Xue He and his team began to look for the next home that had been eyed for a long time, including financial institutions and manufacturing companies in urgent need of copper and aluminum.

And the Galaxy Fund was not idle, Song Yang commanded the trader to start selling futures contracts.

With Xia Yu sitting in the trading room, he can intervene in the scheduling in a timely manner, strongly control the rhythm, and minimize the impact of selling contracts on the market.

Under normal circumstances, Xia Yu did not interfere, but let Song Yang command, this kind of opportunity to sharpen his subordinates is rare, and he naturally will not make full use of it.

Buyers are like clouds, and Galaxy Fund often buys a futures contract as soon as it is listed, at most in a second, by a trader of an institution that is closely watching the market.

At this price, there are many conservative long institutions that want to accept it when they see it, so there have always been sell orders, and now the Galaxy Fund has put up sell orders one after another, and it has not attracted attention.

......

Nowadays, if there is one company in New York that is most feared, there is no one more than Philip Brothers, followed by Salomon Brothers.

Philip Brothers, large conference room.

An emergency board meeting is now being held.

Tendler Wells is not only the CEO, but also the chairman.

He sat at the top of the oval conference table, stood up and bowed to all the directors present, saying, "I'm really sorry that my management mistakes caused the company to have this huge crisis. ”

None of the directors present gave him a step, after all, the company fell into such a situation, what they lost was their money, no matter what the reason, the loss was so serious, it was no wonder that they were in a good mood.

In particular, Kester Philip, the representative of the Philip Family Foundation, is even more like a dead man, with a face shrugged down, stinky to death.

He said in a cold and hard tone that implied anger: "Wells, it's too late to say this, I want to know how serious the company's crisis is!"

"That's right, time is urgent, let's get down to business. ”

"Now every second that passes, the prices of advanced copper futures and aluminum futures go up a little bit, and we don't have time to waste. ”

“......”

The directors present said one after another, urging Tendler Wells to get to the point.

Tendler Wells, who is both chief executive and chairman, has a strong grip on the company, and has been trying to solve it on his own, so he has coped with the inquiries of other directors.

There was also an emergency board meeting before, but the main content was to let the major directors exert their efforts, and the situation was not as bad as it is now, so the company's investment situation was not described in detail, and it is normal for the major directors not to know the truth.

Tendler Wells is thick-skinned, and although he is embarrassed, he does not show the slightest hint on his face.

He took a deep breath, pondered for a moment, and said in a heavy tone: "Fellow directors, our situation is already very bad, the company is on the verge of bankruptcy, the outside world's estimate is very accurate, according to the current situation, the company will lose at least one billion dollars!"

The billion-dollar figure was seen in the newspapers and heard from the mouth of Tendler Wells, and the mood was completely different, and there was no trace of luck in everyone's hearts.

The conference room erupted.

As if he hadn't noticed, Tendler Wells continued to say with a blank face: "The company's stock price has fallen to $7.74 a share, down more than 72.2% from its recent peak of $27.87, and the company's market value is now $1.161 billion, an evaporation of $3.012 billion from its peak." ”

"And because of the influence of public opinion, investors have lost confidence in our company, and now investors waiting to get their funds back can line up to Tongniu, I have ordered people to delay as much as possible, but everyone knows that investors have the right to withdraw their funds, and we can't stop it for long!"

"Now that the company is on the verge of bankruptcy, if the prices of senior copper futures and aluminum futures continue to rise, our final outcome is to file for bankruptcy liquidation!"

As soon as these words came out, the directors present finally couldn't help it and exploded one after another.

Kester Philip said resolutely: "The company must not go bankrupt!"

The Philip Family Fund holds a cumulative 27.8 percent stake in Philip Brothers, which was worth $1.16 billion a month ago when the company's share price was normal.

It's just that now the company's market value has shrunk, and the equity in their hands is worth more than $300 million according to the current stock price.

Although the losses are heavy, but it is still worth the money?

If the Philip Brothers company goes bankrupt, then the shares in their hands will be worthless.

Not only that, once the assets are liquidated after bankruptcy, after the investors get back the funds, if the capital is repaid, then the excess debts need to be borne by the shareholders.

The Philip Family Fund, as the company's largest shareholder, will assume the largest amount of debt.

If there is still a debt of seven or eight billion dollars after liquidation, the Philip family fund will need to assume two or three hundred million dollars in debt, which is enough for the Philip family to be wiped out.

The Philip family has relied on the rise of the Philip Brothers company, it can be said that the equity of the Philip Brothers company is the largest wealth of the Philip family, although the dividends have been used to diversify the investment of many assets over the years, but the number is not too much, after all, not all investments are successful.

Excluding the equity of the Philip Brothers, the Philip family does not have many assets.

If the Philip Brothers company really wants to go bankrupt, then Kester Philip will definitely lose his equity before going bankrupt, even if it is for free!

He is well aware that most of the capital of the Philip Brothers company comes from investors and banks, and the net worth of the company itself is definitely not a billion dollars, and since Tendler Wells will definitely lose more than a billion dollars, then as long as the company goes bankrupt, it is certain that the assets will be negative.

Instead of dragging the Philip family into the water with debt, it is better to find a fool to give away the equity.

I'm afraid that there will be no fools to ask for it when the time comes, and I won't be able to send it out!

"That's right, the company can't go bankrupt!"

Bear Stearns' resident director is equally adamant.

Bear Stearns, a Jewish investment bank, worked closely with Philip Brothers, who often approached Bear Stearns when they used leverage, and now lends at least a billion dollars to Philip Brothers.

If Philip Brothers goes bankrupt and Bear Stearns fails to invest, it is afraid that it will not even be able to recover all the loans.

"A company must not go bankrupt and cannot go bankrupt!"

“......”

The directors of the other banks spoke out with a surprisingly unanimous attitude that they would not allow Philip Brothers to go bankrupt for exactly the same reason.

Seeing everyone's reaction, the corners of Tendler Wells's mouth slightly raised and disappeared, he was waiting for this moment!

"Now the situation is like this, if the company doesn't want to go bankrupt, it has to get enough money, but unfortunately our company can't borrow money, and no bank will lend us money. ”

Speaking of banks, Tendler Wells looked at the directors of the banks.

But at this time, these directors pretended to be deaf and dumb, making it clear that they did not want to fall into it again.

Of course, there is another way to go, and that is for all shareholders to contribute money to inject capital into the company again and increase the company's total net assets.

As long as the company will not become insolvent by then, it will naturally not go bankrupt.

But this is one of the things that Tendeler Wells knows will never work, because no shareholder would be willing to invest in such a situation, not even himself, even if his shareholding is only 3.2 percent, he will not be willing to inject any more capital.

Even he himself was not confident, of course he did not mention it, and the other directors naturally chose to ignore it.

For a while, the conference room was quiet, and the atmosphere became dull and eerie.

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