Chapter 65 Retreat is Advance
"So will I get all the legal rights to the 0.5% shares?" Li Mubai asked rhetorically. Pen, fun, and www.biquge.info
Sandywell thought for a moment and said, "Of course, including all legal rights. ”
"Well, if you succeed, I'm willing to sell an additional five percent of my shares to Citigroup, and in return, I'll get BHP's two mining areas in South America and Western Australia, and you'll have to promise not to help Rio Tinto in any case, because they have to be punished as necessary."
Sandywell did not have any intention to refute Li Mubai's last request, as if he had never stood in an alliance with Rio Tinto, and immediately said, "Of course, we are willing to help all friends, as we have always insisted before." ”
"That's for the best." Li Mubai sneered in his heart, of course he knew Citigroup's previous position, but did these have anything to do with him?
It is true that Citigroup will own 8 percent of the shares after the signing of the cooperation treaty, of which 3 percent will have voting rights, but soon, their rights will shrink, because Li Mubai has secretly drawn up a plan to block Citigroup.
He believes that this so-called capital group will eventually realize who is the one who has the right to speak.
The cooperation between the two companies has generally reached the final result, but some specific details still need to be disputed by the following people one by one, but after all, it has nothing to do with the two big bosses, right?
With their own wishful thinking, this time the meeting finally ended, after seeing Sandywell leave, Li Mubai directly pressed the phone on the desk, "Inform the Chinese side that the copper mine in Peru and the iron mine in Western Australia have been negotiated, and arrange for them to send someone to receive it immediately." ”
"Hmph, how can a spoiler take anything away from me so easily, I believe that whatever happens next, you will be happy to accept it." Of course, Li Mubai will not compromise easily.
However, after investigating the problems of Citigroup and JPMorgan Chase and other super banks, Li Mubai faintly has a new plan, since Citigroup and Morgan have been exerting pressure on Orange Technology and BHP Billiton, then he can't take retreat as advance, first agreed to the other party's cooperation application, and secretly think of other ways to make the latter unable to speak, isn't it better?
With the passage of time, the Wall Street financial turmoil finally spread from junk bonds to the entire financial system, and there was no need for Li Mubai to collect too much information about Citigroup, just in the newspapers, he could see that Citigroup was looking for partners all over the world, trying to sell the junk bonds that were still worth a little money in his hands.
But who will take the offer? In the final analysis, it is nothing more than their own artificially created a pick-up man, anyway, those funds are investors', as early as when investors invest their money in them, the contract is indicated, investment is risky, and you need to be cautious when entering the industry.
This world is so realistic, isn't it?
"Mr. Li, I want to know, how big is this plan? Especially if we're targeting such a huge super bank, if the market doesn't go as well as we expected, then it's likely that we're going to lose hundreds of millions of dollars in a matter of days. ”
As the senior president of the investment fund division of Amex, Jones has provided investment services to many wealthy people in his life, but he has never encountered the current situation.
The Oriental boy, waving a billion-dollar check, asked him to short Citi in advance, and God knows if the other party was crazy, or if he had earned an unimaginable fortune in the past few months, so that he was carried away by these achievements.
Li Mubai's face was very flat, as if he had taken out not more than a billion US dollars, but waste paper, "As the person in charge of an investment management foundation, don't you think you have too many words?" ”
"Sorry, sir, this is my professional calling; I must ensure the safety of the funds you have authorized to us in order to carry out proper financial services. Jones did not reduce his kind reminder because of Li Mubai's reprimand, because in his opinion, Citigroup, a super behemoth with assets of more than $760 billion, is by no means so easy to deal with.
Judging from its annual net profit of more than $50 billion, market investors will certainly be generally optimistic about Citigroup's prospects for the future, and even when the Wall Street financial turmoil intensifies, it will not shake investors' confidence in the super consortium.
After all, the data that has been released is very telling, the total size of the junk bonds in Citigroup's hands will not exceed 6 billion US dollars, although the loss of one-third, and affected by the Wall Street financial turmoil, its net profit has shown a very huge year-on-year downward trend, but in the first three quarters of this year, Citigroup's net profit still reached 22.3 billion US dollars.
In this case, shorting more than a billion dollars in advance is simply irresponsible for the safety of funds.
"Okay, I know what you're going to say, I can tell you very clearly, there is no inside information, and there is no scientific analysis, but I now ask you that you must short Citigroup, because this is a special order, an order~! Do you understand?! Li Mubai didn't bother to talk nonsense with these people, anyway, it was impossible for him to say anything about the secret operations within Citigroup.
Besides, take 10,000 steps back and say, even if he doesn't spend the money properly, it is also a matter for himself to consider, as the president of an investment fund, shouldn't Jones honestly follow his own instructions to execute.
Sure enough, in Li Mubai's reprimand, Jones was quiet, and he could only pout helplessly and instruct his colleagues in his department to start doing what Li Mubai requested.
"Mr. Barrett, I'm sorry to bother you so late, but you know that Citigroup matters must be settled, and now I have a lot of bad news about them, and if possible, I would like to ask you to invite some necessary friends, and we may sit down and talk."
"Of course, I'm very welcome, just tomorrow, I'm sure those friends will be more than happy to participate in this kind of meeting."
Barrett on the other side of the phone was stunned for a moment, but quickly reacted, he knew that this might be another feast for Samsung, because Li Mubai would never care about hundreds of millions of profits, once he could personally convene a gathering of friends in the technology industry, it would mean that he got some specific insiders from Citigroup, or rather, he saw the precursor of Citigroup's imminent collapse.
After arranging the secrecy measures, Li Mubai left in a hurry, and about half an hour later, some people in Huaguo also got clear information that they needed about $5 billion in emergency loans from Huaguo for Citigroup's layout, which the latter did not give much thought, because it was worth more than $50 billion just with the signboard of Pengcheng Orange Technology.
It will take some time to transfer the huge amount of funds, but Li Mubai doesn't care too much, because for the layout of Citigroup, it may take more than a month, and then he will use the corpse of this super bank to prove his strength to the whole United States, and no one can still live well after calculating him.
On the afternoon of the next day, in Barrett's private villa in San Francisco, a small meeting attended by only four people, including Grubb, chairman of the board of directors of American Express, Paul Jacob, director of Qualcomm, and Barrett, chairman of the board of directors of Intel, plus Li Mubai, held as scheduled.
These three American bigwigs represent the interests of more people, but in order to prevent the news from being exposed, they can only block the news as much as possible in advance, so as not to make Citigroup prepare in advance.
"Well, we are all old friends who have worked together a few times, and I will make a long story short, this time I called everyone over, there is a good opportunity to make a fortune, and that is to short Citigroup as a whole."
After Li Mubai glanced around, he directly opened his mouth to cut into the topic.
Jacob frowned and said, "Although Citigroup has some operational problems at present, its overall strength has not been weakened much, if we act rashly, what are the chances of success?" ”
Although the other two people are also very tempted, they are a little reluctant when they think of the capital strength behind Citigroup, because although the money is easy to make, the risk of loss behind it is greater, because the first Citigroup itself has more than 5 trillion US dollars in total assets, and its cash flow at any time is as high as tens of billions of dollars.
Add to that the huge amount of more than $30 billion in cash that a Rockefeller Investment Management fund holds, and they can't imagine how huge their losses will be if their investments go wrong.
"Everything is under control, and Citigroup has announced that they only have $6 billion in junk bonds, but based on the exact results of my investigation so far, they are lying." Li Mubai said categorically, "Due to the approaching financial crisis on Wall Street, Citigroup began to review all their previous loan details in large quantities, and among them, our people noticed a very obvious signal, that is, Citi is really going to be finished this time!" ”
"So serious? Impossible. Even Barrett was taken aback, originally they were still discussing how to cut a piece of meat from Citigroup this time, after all, the overall market value of Citigroup, which is currently priced at $37.5, is more than $150 billion.
If they can succeed in shorting, they can get far more than the principal through this investment, which will be more cost-effective than shorting Samsung, after all, the American consortium used a total of more than $13 billion in that operation, but the profit did not exceed the principal, although counting the cake left to them after the restructuring of the Samsung Group, the total profit will be as high as more than $40 billion.
But that is not the profit that can be obtained in the immediate future, but the cake that can only be eaten in the mouth after a long-term operation.
And now Li Mubai actually put forward the exciting news that Citigroup will go bankrupt, they can't help but be excited, if this kind of problem really arises, then everyone here will become a real billionaire.
Don't look at Barrett, each of them is the chairman of a large company, but in fact they don't own too many shares of the company, at best they are worth hundreds of millions of dollars, of which Jacob is the most valuable, but it is only more than $2 billion.
I'm afraid they won't have face when they say it, after all, Li Mubai, who is talking about money now, has only created his first company and obtained his first income for just over four months, but his worth is faintly close to 10 billion yuan, and in the future, this number will double as if it will increase.
"Of course, if you don't believe this, you can ask Mr. Grubb, just like the data released by their Amex company, I don't think that a huge Amex company only has $270 million in junk bonds in its hands, of course, this is your company's internal secret, I don't want to hear the exact number, but I can tell you very responsibly, Citi is lying!" Li Mubai did not directly throw out the core secrets in his hands, because this time, he must have reservations, because there is also an important partner involved in this plan, that is, the Huaguo Investment Sovereign Foundation.
Grubb was teased by Li Mubai, and wanted to laugh but couldn't, because he clearly knew that there was a world of difference between the data released by the company and the scale of junk bonds in their hands, not to mention the so-called $270 million, which was a fraction.
Because once the financial turmoil intensifies, or escalates into a global economic crisis, then Amex will also fall into a huge business quagmire, and the junk bonds, dangerous loans, and other junk investments that are about to become waste paper in their hands will be close to 4 billion US dollars, which is a disaster for a financial company that does not focus on financial loans.
If it weren't for the global financial services agreement with Orange Technology, otherwise, the shareholders of their company would have rebelled, because Yuntong, which was originally a stable stock value, began to experience huge fluctuations in stock prices, and in the past month, their stock price has fallen by 16 percentage points.
"What you're seeing now is a breakdown of all the price movements of Citigroup over the last four months, starting with $48 per share. Falling to the nearest $37.5, according to the news we have, within half a month, once Citigroup throws out a series of agreements with Orange Technology, then the stock price may rise on a small scale, and this is our best opportunity to enter, according to my professional analysis company estimates, Citigroup's stock price will appear before the end of December this year, the lowest point in nearly five years, and what we have to do is to let Citigroup collapse before this key point arrives. Li Mubai said confidently.