Chapter 277: Showdown
In the Dyche Cafe in Houston, the lights are dim late at night, and the glass window can see the 38-story Enron Building. Pen, fun, pavilion www. biquge。 info
"Miss Rye, as a natural person shareholder of Enron Group, I believe that you should know the situation of the entire group very well, for your own interests, please seriously consider my proposal and withdraw as soon as possible when the stock price is high, otherwise once the problems of Enron Group are exposed, you will be too late to run." The blonde girl Ji'er first glanced at the Enron Mansion in the distance, and then smiled at the plump woman in front of her.
"Are you threatening me?"
Rye, a woman in a black gauze dress, gradually became ugly with a solemn face, and seemed to be very resistant to Ji'er's statement.
"It's just to let you recognize the situation, to this point, I don't need to hide it from you, in fact, before you, I have already met several shareholders of Enron Group, if you don't reduce your holdings of Enron Group's shares, maybe when, Enron Group's financial fraud scandal that has been carefully planned, institutionalized and systematized for many years will spread in the market, and what will be the consequences at that time, I believe I don't need to say more, right?" Ji'er's smile made the woman Rey's face change suddenly.
"Don't think that now there are a few banks supporting Enron Group, this crisis can be passed, even if the previous loans to Enron Group do not want to become bad debts, continue to give Enron Group blood transfusion, this internally rotten group, will not have any value, just continue to repay bank loans, it is enough to crush you, now several investment banks maintain Enron Group, but they want to recover the previous investment as soon as possible with interest." Ji'er had become unceremonious at this point.
"Why do you want to do such a thing?"
The woman, Rey, took a deep breath and asked unwillingly.
"I just saw the benefits and opportunities in the Enron Group, and out of my own position, I don't want to do such a bad thing to offend people, but if I don't do it, I will inevitably be swept away in Dafu Bank, and I have no choice." Ji'er shook her head, somewhat helpless.
"Miss Ji'er asked me out this time, not just to persuade me to leave Enron Group, right?" The woman, Rya, put aside her emotions and looked at Ji'er.
"We have our eye on Enron's three nuclear power plant assets and hope you can facilitate this acquisition." Ji'er is open and fair.
"Did you know that even if I sell Enron's stock now, I won't be able to completely get rid of the relationship afterwards, and once Enron collapses, I'm bound to face an investigation and possibly multiple lawsuits." The woman, Rey, looked extremely solemn.
"The long-term impact of the Enron Group incident is indeed unpredictable, as far as I know, Enron Group has always contributed political funds to the United States and the United Kingdom, not to mention collusion with international accounting firms, once these things are found out, even some investment banks will be suspected of financial fraud, but one thing you have to be clear, that is, cash out funds from the stock market in advance, at least there is a way back, no matter how bad it can operate as a tainted witness, there is still some time before the opening of the U.S. stock market, You can consider the pros and cons. Ji'er smiled and got up across from the woman, Rey.
"Have you thought about the consequences of doing this? You know, Citibank also had an affair with Enron. The woman, Rey, clearly knew who Ji'er was.
"I will only look out for the interests of Tafook Bank."
Ji Er sneered before leaving, without the slightest hesitation.
At the door of the café late at night, the woman's assistant brought by Ji'er helped her put on a trench coat.
"Miss, do you really want to do this? There are too many related parties involved in the Enron Group, and if the situation is really out of control, it will be hated. The assistant woman solemnly reminded Ji'er.
"I don't have a choice, Zheng Fan bought a mansion on Long Island, New York, and it was clear that he wanted to urge me to do things, if he couldn't reflect his value in Dafu Bank, it is estimated that he would soon find someone else to replace me, and even did not rule out coming forward in person." Ji'er sighed.
"I have already checked, Enron Group mainly through black-box operations, a large number of debts and bad debts, transferred to branch companies, in fact, it has reached the irreversible degree of external prosperity and internal drying, huge loopholes in financial audits, and secret insider transactions, involving a lot of lawyers, accountants, and even investment banks." The assistant woman sighed.
"In order to promote the development of a free economy, the lifting of business restrictions in the United States has given Enron a lot of opportunities to take advantage of, and it has used its good relationship with American political circles to not only tilt energy policy towards itself and obtain a lot of benefits, but also to continuously create reports of business prosperity to mislead shareholders and the public. Ji'er said calmly, but she was very sure.
"Not to mention that Enron's share price stands above $70, if the debt owed is superimposed, even $1 is not worth it, although it is not a day's cold, but Enron's strategic decision-making is a big problem, and this explosion in New Zealand crude oil is almost nailed to its last coffin board!" The assistant woman followed Ji'er into the driveway.
"What about Enron Communications?" Ji'er asked pointedly.
"In recent years, Enron's decision-makers, unwilling to live in the traditional oil and gas industry, eager to achieve quick success and advance into the forefront of the knowledge economy of network technology, but have made some progress, Enron Communications is the use of high-speed telecommunications network business, the use of complex and advanced Internet online trading platform, and with the telecommunications giant Worldcom to carry out cooperation, the prospects are more optimistic, but unfortunately, compared with the development of Enron Communications, Enron Group for the expansion of the field of electronic trading is larger." The assistant woman shook her head, as if she had seen the end of the Enron Group.
"Indeed, Enron Group despises the risk of borrowing to gamble on expansion, once the entire group is dragged down, it is estimated that all the companies under the group are not immune, perhaps take this opportunity, you can use my personal name, short the listed companies under the Enron Group, which is not harmful to the interests of Tatfook Bank." Ji'er had already set her eyes on Enron Communication.
"Miss, do you think investment banks, including Citigroup, will support Enron Group to the end?" The assistant woman asked hesitantly.
"In today's company operation, it is normal to have liabilities, the reason why the creditor will use the right to use the assets, to the debtor for a period of time to make concessions, the reason is out of good expectations for the debtor's operation, but also conditional, but once the creditor on the development prospects of the enterprise, or the business conditions lose confidence, it will cause the domino capital chain to break, when the situation is extremely unfavorable, the creditor's financial risk will be highlighted, many of the risks that can not be taken seriously before began to amplify, Creditors do not think about continuing to invest, but will immediately put the issue of divestment and risk first. Ji'er smiled confidently.
"What does Miss mean is that if Tatfook Bank wants to take over Enron's three nuclear power plants, will it facilitate the transfer transaction by communicating with Enron's creditor investment banks?" The assistant woman seemed to understand what Ji'er meant.
"Zheng Fan has asked me to do this, and the next negotiations with all parties may be the beginning, Enron Group can't have an accident now, with its current internal rot situation, those creditor investment banks will not only not invest again, but will urge Enron Group to sell assets in various forms in order to recover loans as much as possible, this is our opportunity." While Ji'er laughed, she couldn't help but slander Zheng Fanyuan in Hong Kong, and her eyes on affairs were so poisonous.
"But the Enron shares borrowed by Tatfook Bank are all recent contracts, so what if something happens to Enron? Although OTC borrowing can be extended by changing the terms of the contract, it is estimated that those securities companies and investment banks that find the situation is not good will not agree to change the term of the borrowing contract. Because the assistant woman is a close associate of Ji'er's New York branch, she knows very well about the situation of Enron Group's stock borrowing.
"Whether it is Zheng Fan or Enron Group's debt investment bank, at this critical juncture, there must be a consensus view, so those shareholders of Enron Group are needed to sell stocks to suppress the stock price of the market, the problem is how much Enron Group's stock price can reach the point where all parties can accept." Ji'er said with a deep gaze.
"Miss mentioned that she wanted to expose the scars of Enron Group, one is to put pressure on Ruiyi, and the other is to let her discuss with those investment banks?" The assistant woman asked, slightly surprised.
"It's not a question of what I want to do, but Zheng Fan told me to do this, Tafook Bank's short sales of Enron Group's shares have reached as many as 1.5 billion shares, and in a favorable situation, it will not be easy to get out, in the final analysis, you must make money." Ji'er took a deep breath and said.
"So, on this basis, will Tatfook Bank not increase its short selling of Enron? However, once Enron's stock price falls too much, all parties will also suffer great losses, especially the brokerages and investment banks that lend stocks, and they will also pay a high price for this, which is why they are dead to Enron. The assistant woman only felt that the Enron Group at this time was like a time bomb.
"The rest is negotiation, Zheng Fan's minimum standard is to push the share price of Enron Group to $25, so that we can smoothly cash out below $30, and it will not affect the transfer negotiations of the three nuclear power plants, as for the losses of those brokerages and investment banks, they have to be found back in the follow-up shorting of Enron Group stocks, and the shares we borrowed are very scattered, and it is not unbearable to spread it to each brokerage and investment bank." Ji Er said this, but she was very embarrassed in her heart.
"So there's going to be a showdown?"
The assistant woman has realized that the next step may be to negotiate with all parties.
"Let's go back to New York, our next stop is Citibank's headquarters." Ji'er was a little angry, and gave the woman an answer.
(The first update will be delivered.) )