Cap. 982 Convertible Bonds
Physical stocks, long-term bearer bonds of more than 10 years, rare gems, and by the time of about 3,500, the time had already gone back to the 60s, and he took dozens of self-portraits in oil from the safe. Pen × fun × Pavilion www. biquge。 info
Fang Yuanshan, who was walking forward like visiting an exhibition hall, paused for a moment. It's not that he looks at how remarkable these tightly wrapped portraits are, but mainly because the high rent here makes the rich and dignitaries never put those souvenirs here, in short, these are items of great value.
Consciousness sank into the space and glanced at it, some of the portraits had no markings, and some of them had an English signature at the bottom of the portrait. Because it was so sloppy, you could only see a few letters such as "vinc".
However, even these letters made Fang Yuanshan's heart tremble, there are only so many famous painters in the world, and there is only one one with these letters as signatures: Vincent Wilhelm Van Gogh!~
Suppressing the ecstasy in his heart, he continued to walk forward, and soon after he discovered something that shocked him even more: DuPont 2% bearer bond stock!
In the last century, Ramon Dupont, the leader of DuPont at the time, died in an explosion, and after a series of turns of hands and rain, DuPont became a leading company in the chemical industry, and it still is today.
Similarly, the internal equity battle within DuPont was quite brutal. As one of the founders, Ramon, and his son Pierre, a great leader, did not receive any shares at the beginning.
As a result of Ramon's accidental death, Piel, a genius chemist, obtained two patents for smokeless gunpowder for the company, and he received nothing in the family's internal meetings, except for a salary and some patent bonuses.
He then left DuPont to work for his cousin Correy's company, and in 1902 DuPont's president, Dyren DuPont, died of pneumonia, and the DuPont family wanted to sell DuPont. Alfred and Pier, the other major shareholders, negotiated to acquire the actual management of the company from those shareholders in the form of bonds with an annual interest rate of 4%.
In order to achieve this goal, when DuPont was valued at $12 million that year, Pierre made a bold decision to increase the company's market value by $8 million, reaching $20 million.
Let's say I want to buy your $1 million shares, but I don't have the money to buy them, but I can make a deal with you: I'll pay you more than 50% of the market value for the million dollar shares, plus a high annual interest of 4%, but the money will have to wait a while. After all, it's an empty glove white wolf!~
But then again, whether it's an empty glove white wolf or not, DuPont was taken down by Pierre anyway, and those shareholders got the benefits. And the 2% bearer bond shares in Fang Yuanshan's current hands should be one of those shareholders at the beginning!
As for how he knew so clearly, it was very simple, there was a note under the bearer bond that would explain the will. It's a pity that the will is too long, and it is a question whether the descendants of the owner of this bond are still alive or not.
Compared to Apple's original stock, this DuPont 2% bond stock is definitely an astronomical amount. Even Fang Yuanshan's net worth of tens of billions couldn't help but be short of breath~
Forcibly suppressing his excitement, Fang Yuanshan continued to walk forward.
Maybe I really started my journey to wealth today, and what I saw below became more and more shocking and scary.
IBM, Coca-Cola, Ford, Wells Fargo, American Express, Berlington Railroad, and so on are all things that scare people to death, and I don't know who and why these physical stocks and bearer bonds are stored here. But judging from the years, the owners of these safes are likely to be no longer alive, and simply put, all these things will be Fang Yuanshan's.
"Hehe, haha... ”
In the underground vault hundreds of meters deep, Fang Yuanshan was laughing while walking. But as he walked, he suddenly paused again, because he had discovered something that made him ecstatic: 7% Vale bearer stock!
Bearer shares are similar to bearer bonds, bearer stocks refer to stocks whose names are not recorded on the face of the shares or in the register of shareholders of a joint-stock company; bearer shares are also called "bearer shares"! The rights of shareholders of bearer shares belong to the holders of the shares; the full payment of shares is required when subscribing for shares; the transfer is relatively simple; and the security is relatively poor.
To put it more simply, Fang Yuanshan can now sell these shares or ask to join Vale's board of directors.
"Well, when I go back, I will ask for a general meeting of shareholders, and I will disgust that Byron. ”
The safes numbered within 500 are basically the stocks of large global companies and bearer bonds, and Fang Yuanshan's eyes are about to bulge. Although I had some mental estimation when I came, I still didn't expect that there would be so many.
When it comes to less than 100 people, it is basically a large amount of national bonds, and there are some wills, century-old store recipes and the like. He swept all the valuable ones into the space, and none of the valuable ones moved.
When he arrived at the safe of the first fifty, the contents were different again, basically some documents and the like, he picked it up and looked at it, it turned out to be some careerists who tried to subvert the world, rosters and other things.
I was going to take a closer look, but when I raised my wrist, I saw that it was almost four o'clock, and in order not to delay time, he threw all these things into the space.
However, in the thirty-fifth cabinet, Fang Yuanshan still found some good things, a huge diamond, much larger than the diamond in the crown of the Queen of England, and dozens of gems that exuded colorful colors, I don't know what they were used for.
"Huh~"
He hadn't taken a few steps before he saw something special again in a safe: a crystal skull!
I took it in my hand and looked at it, and it was exactly the same as in his space, and there was not even a slight difference under the observation of the four-dimensional image. I didn't look at it much, just glanced at it and threw it into the space.
A pitch-black scepter, a strange fist glove that was not gold or silver, something like a tree root, and even a whole jade plaque carved from imperial jade...
After the twentieth, the contents of the safe have become things that money can't buy, and maybe even just things that are legendary.
Sweeping all the way to the end, No. 1, No. 2, No. 3, to his surprise, there was nothing in these three cabinets, and their age has been traced back to the beginning of UBS's establishment in 1870.
"Hmph~"
Seeing the empty three cabinets, Fang Yuanshan's face sneered. If he hadn't expected, the contents of this box had been taken away by UBS. Otherwise, it is impossible for the contents of the three boxes to disappear together~
Think about it, although this area is claimed to be permanent, but the time span is more than 100 years, and no one has come to retrieve it for such a long time, is it possible that UBS really has to help the owner of the safe for generations?
"Since you are unkind, then don't blame me for being unjust~"
Out of the No. 3 area, when he came to the No. 2 area, Fang Yuanshan continued to sweep and gave space to those things that were valuable but looked like they were some years old.
He didn't stop until half past five in the morning, then looked at the rows of gold in the distance, and finally didn't move, and left the underground safe room in a flash.
"Whew~"
Waiting far away from the UBS, the sky outside was already bright, taking a deep breath, the cool air slowly exhaled from the lungs, and then the eyes unconsciously glanced at the things in the space, and laughed silently...
Two days later, Copacabana's headquarters in the Far Mountains Group, Anne's office.
"This... Where did this come from?"
Looking at Anne's unbelievable look, Fang Yuanshan in the leather sofa opposite showed a smile on the corner of his mouth.
Seeing that he didn't speak, Anne looked at the original stock of the "Apple" company in her hand, and her face was full of irrepressible excitement.
"Do you think it's better to sell and cash out, or continue to hold on and wait for appreciation?"
Hearing his inquiry, Anne thought about it for a while, but she couldn't pay attention to it. It stands to reason that Apple's value has risen sharply this year, but she has a feeling that the technology company still has room for significant improvement in the next two years, and it is a bit of a loss to sell these stocks now.
Seeing her entangled, Fang Yuanshan said with a smile on his face: "It's okay, if you think you can't sell it, don't sell it." You can look at something else~"
Hearing his words, Anne dragged another iron box on the coffee table, and after opening the buttons on both sides, there was a vacuum file bag inside. After taking out what looked like a stock, Anne saw the word "oupont" on her brow at a glance.
"DuPont?"
"See for yourself~"
Anne, who lowered her head, couldn't help but cover her mouth with her hand as soon as she looked at it twice. The contents were so scary that she stammered, "This... This is.. Is it true?"
"So what do you think?"
At this time, Anne was not calm, she didn't care about the small pile of DuPont bond stocks in her hand at all, turned back to him and said: "Boss, this thing is not something that can be sold casually, once it appears in the market, it is likely to attract the attention of the US government, and it will be troublesome to cause any disputes at that time." ”
"Don't worry about the hemp first, do you think this thing is worth it?"
Anne rolled her eyes and said, "Nonsense, it's definitely worth a lot~"
Seeing Anne's pretty appearance, Fang Yuanshan couldn't hold back for a moment, stretched out his big hand to hook her neck, and then his lips involuntarily covered it.
"Hmm... Well. Old.. Far.. Far Mountains... ”
Kissed Anne in a daze, and when she fell into his arms in a daze, Fang Yuanshan raised his head, looked at her big watery eyes and said: "Don't worry about those things, just rest assured and sell boldly, I have the rest of the things~"
Fang Yuanshan has not yet calculated how much DuPont's 2% bond stock is worth, but the annual interest rate of 4% per year is scary, and it lasts for a hundred years. In this way, this 2% of bond shares is worth 20% of DuPont's current shares, or even far more.
Based on DuPont's current market capitalization of $60 billion, Anne's small pile of bond stocks could cash out at least $12 billion if she were sold. And there are no less than fifty copies of something like this in his space...
Perhaps it was too shocking, but Anne came back to her senses and said, "Old. . . Far away, these bond stocks still can't be easily sold, and it will be very troublesome to attract the attention of the United States. They may use administrative intervention to investigate the origins of these bond stocks. Once you go to the judicial channel, the outcome is difficult to control. ”
Fang Yuanshan nodded to show that he understood what she meant. The main reason is that there are too many of these bond stocks, and the time span is very long. People don't die and debts don't rot is just a folk saying, and when it comes to so much money, DuPont will admit it is a question.
"So what do you say you should do?"
A smile appeared on Anne's face, and when she saw that there was a dangerous light in his eyes, she hurriedly straightened up, pulled the skirt of the folded professional suit, and said: "Now DuPont, like most century-old enterprises, is caught in the whirlpool of how to extend its vitality, and the young Zhuang faction and the traditional faction within insist on their own views, and contradictions will break out at any time. ”
After a pause, she continued: "In my opinion, DuPont is bound to have a disruptive change in the near future, and this is our opportunity. ”
"Hang again, my appetite, I'm just waiting for the big punishment~" As she spoke, Fang Yuanshan's two demon grasps had already attacked her chest.
"Hmm~"
Grabbed by him on the chest, Anne's body suddenly turned into a soft lamb and lay on his shoulder.
Feeling the changing shape of his palm, he smiled and said, "Don't say it quickly, otherwise I will be transformed~"
After biting him on the shoulder to demonstrate, Anne endured the itch of eating bones: "Both the young Zhuang faction and the conservative faction want to win control over the future direction of the company. ”
"I just took a look at it, and these are early bearer bond stocks. There are so many benefits compared to stocks. ”
"Oh, what's in it all good?"
Fang Yuanshan only knew that bonds and stocks could be exchanged for money, but how to exchange them and what benefits it had, as a person who didn't know much about finance, he was really confused.
"Hehe, there are so many benefits of bond stocks. First, the fixed income of a bond can be said to be a guaranteed return, and the interest that must be repaid every year is specified when the bond is issued, so as long as you hold it, you will earn. Second, the income of stocks comes from dividends and bid-ask spreads, but mainly based on bid-ask spreads. The income of bonds comes from interest and bid-ask spreads. The difference is that stock dividends are not paid every day, while bonds are held with interest income. ”
"What else?"
Anne laughed and said, "Third, whether the company is profitable or the company is bankrupt, the claim of bonds to the company's assets has priority over stocks. Because bonds represent the interests of creditors, and stocks represent the interests of shareholders. Then the company will always pay the creditors first, that is, the person who lent you the money, and then pay the shareholders, that is, the people of your own family. ”
Fang Yuanshan smiled and continued to ask, "Is there one?"
"Of course~ Fourth, no matter whether the company is profitable or not, there is money to take. The interest on the bond is the company's expense and belongs to the company's fixed expenses. However, the interest on the stock is the company's profit distribution, and the company needs to make money to have dividends. If the company loses money, it also affects the stock price, which is really a double whammy. ”
"Haha... Po~"
Fang Yuanshan, who was overjoyed, couldn't help but kiss Anne's head and said with a smile: "Baby, is there anything else?"
This "baby" made Anne sy and nodded with a red face: "Well, the most important point is that there is an "alternative" in the bond called convertible bond, which refers to bonds that can be converted into company stocks. This type of bond stipulates that the holder can exchange the bond in his hand for shares at a certain price. Before being exchanged for shares, the holder receives the interest on the bonds, and after exchanging them for shares at a certain price, the holder can become a shareholder of the company. ”
Fang Yuanshan asked blankly, "What about this?"
Anne nodded and said with a smile: "It's that alternative, convertible bond stock~"
“。。。 Wouldn't we be able to become shareholders of DuPont?"
"Well, that's the case in theory, but there's a certain amount of trouble to operate. Mainly because these stocks are so old, and I don't recommend you to do that. ”
He didn't ask why, Anne had already said it before. However, it is not difficult to draw a conclusion from her previous words: what she means is to sell these convertible bond shares directly to DuPont shareholders~
Sweeping his eyes towards Anne, Anne, who was lying on his lap, glanced at him, then nodded with a blushing face.
is the so-called beautiful and delicious, there is such a beauty on her legs, and she is obviously emotional, Fang Yuanshan is not a saint, after looking at it twice, he couldn't help it, reached out and grabbed her knee, and then hugged her with a "princess hug", and walked towards the office lounge.
"Whew. Woo. Woo... ”
"Far ... Far Mountains... ”
A resentful ambiguous voice echoed in the office...
(To be continued.) )