Chapter 134: Dying and struggling, the smoke of gunpowder fills the air
The battle for the future of the console market, the Fairchild F wave has withdrawn, RCA's Studio II has no progress, as long as the Atari VCS is killed, the entire American video game market, heaven can dominate alone.
But at this time, strange rumors kept coming.
"Heaven's red and white machine, design loopholes have been discovered, and customer complaints are increasing. ”
"The Paradise technology has been cracked, competitors have invested heavily in it, and beyond the product has taken shape and will soon be on the market. ”
"In Asia and South America, Paradise has lost the lawsuit, the game copyright cannot be guaranteed, and a large number of copycats are about to emerge. ”
Lin Yi already has some experience in the war of public opinion, but he will not panic. The birthplace of the rumors, which can almost lock in Atari. Dying throes, understandably.
However, the other party's backer, Warner, must not be overlooked. Therefore, Lin Yi ordered to collect all market changes to prevent people from jumping over the wall in a hurry.
Went through the company's touchpoints and found no issues. Lin Yi was still not at ease, and continued to launch a network of relationships and constantly expand the search surface.
Carefulness has paid off, and there is unfavorable news from HSBC Private Banking. Lin Yi's exclusive account manager, James came to report: "A year ago, for the marketing of red and white machines, Paradise issued $50 million in corporate bonds, and anomalies appeared there. ”
"Does anyone want to short bonds and hit the credit of Paradise? But the video game industry has been exploding in the past two years, and the other party has no chance of success, right?"
"The hyped product is not the corporate bond itself, but the credit default exchange. ”
Although Lin Yi has listened to a lot of lectures on economics and finance, he really doesn't know the word! His energy is mainly focused on grasping the general trend, getting familiar with the major economies, and even improving his artistic accomplishment.
Private bank stewards, of course, must be professional, whether it is knowledge or service awareness: "Credit default exchange, the essence is a kind of insurance. Suppose the enterprise defaults and does not repay the money, the creditor can demand compensation from the insurance company. ”
"What's the use of hyping up insurance policies?" Lin Yi understood a little. Simply, Atari's information is directly on the desk. Provide more information for expert reference.
Anyway, if the customer doesn't nod his head, some secret information will not be leaked by the exclusive manager, and even the superior will not report it. So for James, Lin Yi can be trusted.
After a short thought, the other party began to analyze: "According to your description, this time is the life and death of Atari. Because of the huge losses, they can't take out too much money, and they can't pry the bonds, so they choose to start with the policy. ”
Lin Yi asked two questions in a row, and they all went straight to the core: "Everyone is a competitor, and the other party will definitely not buy Paradise bonds." Can they buy and sell insurance policies without being creditors? Also, they don't have a lot of money, so they have to have a large percentage of leverage, right?"
"This kind of financial business belongs to over-the-counter supervision, and the transaction is very free. Unlike Treasury bonds and listed stocks, the market regulation is as strict. The margin is only 2%, 50 times the leverage, as long as you spend 10 million, you can operate a plate of 500 million!"
"Do you have any good advice on coping strategies?"
"I'm sorry, I haven't been in the U.S. for a long time, and I'm a private bank manager, and I'm not familiar with the open markets here. As you know, there are tens of thousands of banks in the United States, while there are only a few big banks in the United Kingdom, and the way it works is completely different. ”
Lin Yi quickly gathered the staff, and Jacob of Gingko Financial, who has a lot of experience in the industry, is naturally the first choice for the team. The CEO responded with emotion: "The creditor's rights department has just been established, and this financial battle is just undergoing a test. ”
Phelan is the president of Paradise, and of course he has to be involved in the response. The 50 million corporate bond was designed and issued by HSBC. James is the liaison, of course Lin Yi can't kick away.
In addition, Mr. White, a professor of economics at Stanford, was hired as a special advisor. Two years ago, at the suggestion of the other party, Lin Yi rearranged idle resources, defeated malicious competition in one fell swoop, and made Heaven earn nearly 100 million at a time.
The two have been in touch ever since. After Professor Wright's analysis, he really had some insight: "When designing bonds, if you agree that they are not transferable, the problem can be easily solved. ”
HSBC is the owner, and James certainly has to defend it: "One of the purposes of issuing these bonds is to give the public market a sense of paradise and thus build broad credibility for the company." If the creditor's rights are not assignable, the number of participants will be greatly reduced, and the effect will be greatly reduced!"
It was useless to recall the past, and the professor analyzed the opponent: "For such a major mistake, Cantona will definitely resign." He hyped the insurance policy, although it was a desperate fight, but it also contained vitality!"
"First of all, force heaven to carry out corporate bond repurchases. If you don't have enough cash flow, you may agree to an out-of-court settlement, and Atari will be able to recover from the dead. ”
Lin Yi's tone was relaxed: "In the yen exchange market, I have a large amount of funds, which can be transferred at any time. Cantona's calculation is definitely in the wrong place. ”
Professor White warned: "That's not necessarily, even if you find a problem and can't catch you off guard, the other party can still use public opinion to form a short advantage in policy speculation." As long as it falls by 20%, the other party can earn 100 million. ”
Lin Yi became serious: "If you really make so much money, then Atari will make up for all the losses in the market." Fighting a snake does not die but is bitten, this kind of thing cannot be allowed. ”
After the analysis and discussion, while holding the market bonds, the policy was opened. However, both acts are carried out anonymously. At this time, issuing a statement saying that everything in heaven is worry-free, but it may be misinterpreted, because the right to speak is not in your own hands.
At Phellan's suggestion, an anonymous letter was sent to Warners, pointing out that their executives were illegally involved in financial speculation. However, the result was a stone failure.
Phelan made it clear: "It seems that Warner did acquiesce in this desperate fight." Everyone is happy if they succeed, and there are scapegoats for failure. For Heaven, the opponent has something to rely on, and the difficulty is at least ten times greater. ”
At this moment, the 'front-line commander' Jacob reported: "I have just tried it, and the operation method on the other side looks very professional. Most likely, Cantona paid a fortune to hire a professional financial hunter. ”
In recent times, the yen has been appreciating rapidly. Therefore, Lin Yi only exchanged 100 million US dollars. The Heaven family is the only one against the 'Air Force', and now it is a chess opponent. So he commanded, be careful, there is nothing wrong with it.
Sure enough, the news spread rapidly, and the 'credit default exchange', an insurance product, quickly accumulated long and short contracts, and quickly turned into a gambling situation.
The 'former finger' reported again: "3 billion VS 3 billion, the principal must be added." It seems that Atari has put his mind to it and has gotten more money. Coupled with the tilt of public opinion, speculators have mostly joined the short side. ”
For the sake of insurance, another $100 million was exchanged. At the same time, notify HSBC to set aside a loan limit.
The invisible smoke of gunpowder is passing around in the air. Attracted by the smell, the wolves set their sights on this small market.