Chapter 128: Capital Profit-seeking
Fifty dollars is their bottom line.
But.
At this moment, the stock price was about to fall below $40, and Peter couldn't sit still......
……
"Huh?"
Tang Bao suddenly made a voice in surprise, as if he had discovered something strange.
"Boss, someone is eating BP oil shares in large quantities!" Grafton shouted.
"Hmm."
Tang Bao snorted.
He has already noticed that the falling stock price, when it fell to $41.56, suddenly stopped, and instead had a tendency to rebound.
Next.
The share price of BP Oil has been caught in a long tug-of-war, with ups and downs, and has remained between $41 and $42 back and forth.
"Boss, do you want to throw out a big order to break this deadlock?" Seeing that the market is about to close, and the stock price of BP Petroleum is still stubbornly stuck at $41, Yang Yang is a little unhappy, according to the previous trend, the stock price should be able to be suppressed below $40.
"Oh, there's no hurry. There should be more than one large institution that sells short, and we don't need to take the lead! Even in such a chaotic situation, Tang Bao remained cautious.
Soon.
The exchange is closed.
BP Oil's share price plunged 13.53% to $41.09.
……
Then.
Peter sat in his office, so angry that he grabbed the folders on the desk. He fell to the ground with a thud and then held his head in pain.
on this.
Alt was not surprised, he knew that Peter's temper was not very good. When things don't go well at work, I will also drop things to vent.
It's been a long time.
Ayrt felt that Peter should be almost calm, so he spoke, and said: "Peter, I think at this time it is best for you to call Rust and other major shareholders first, explain, and obtain their understanding and support. BP's share price is significantly different from the psychological expectations of shareholders. I'm afraid they'll lose their patience......"
Hear the words.
Peter smiled helplessly, and he understood. The moment when the shareholders lost their patience was also the moment when he got out of class......
Therefore.
Nothing is more important to him now than to gain the trust and support of his shareholders.
Then.
The phone on his desk rang suddenly, and Peter adjusted his mood slightly. Picked up the phone and said calmly, "What's the matter?" ”
"What's the matter? Peter, you still have the face to ask me what's the matter? Looking at the share price of BP Oil, don't you think you should give me an explanation? ”
"Ah...... Sorry, Mr. Charlie, I didn't know it was you. Allow me to explain in detail about the collapse of the company's stock price......" Peter heard a roar on the phone, and his mind suddenly cleared up. It was not an internal employee who called him, but one of the shareholders of BP Oil, Charlie. Charlie has always been very supportive of him. Peter did not dare and could not offend him. So he quickly apologized, and then began to explain.
It took a lot of talk to calm Charlie, and Peter finally breathed a sigh of relief and put down the phone easily.
But it didn't take long.
The phone rang again, no doubt from a shareholder who was asking about the company's share price......
……
Call.
Peter spat hard. Leaning back in the boss's chair, he closed his eyes slightly in exhaustion. I secretly sigh that these shareholders are really difficult to deal with.
"Peter. Is half a month too much time? Ayrt frowned and said.
"Alas...... I know, but I have to make that promise, or they might lose their patience. Peter said helplessly.
"But ......"
Ayrt wanted to say something, but looked at Peter, who was exhausted, and couldn't bear to say it. But I secretly said in my heart, but what do you rely on to get the stock price of BP Oil back on track. Today, there are not a few institutions involved in short selling, but a group, and there may be a certain capital predator hidden in the middle, which is no longer something that BP Oil can compete with alone.
Capital is profit-seeking.
Investors know that short selling BP oil shares is profitable, so they will not be soft, so they will not care about BP oil life or death.
"What are you going to do. Today, we have spent more than $130 million. The company has less than half a billion dollars left...... If we can't turn the situation around in a short time, sooner or later the funds will run out, and then the company's stock price will be out of our control. Ayrt reminded.
"yes, I understand." Peter nodded and said.
Let's be honest.
Peter already had something in mind to cope. "Hmm. As for the issue of funds, I will discuss with Don and try to get him to pay us the remaining $1.5 billion as soon as possible. In addition, Ayrte, you can contact the major banks to see if you can raise some short-term loans. ”
"It's difficult. Taking a step back, even if you can get a short-term loan, it can be very costly! Ayrt shook his head and said.
Now.
BP is in turmoil, which bank dares to take a risky loan.
……
"Hey, Horst, I'm looking for Tang ......" Peter was anxious to get enough money to support the city, and the most likely thing was Tang Bao's unpaid $1.5 billion. Originally, he thought that the payment in two months was already very fast, but he did not expect such a crisis.
Now, he is waiting for life-saving money, two months is simply too long for him.
"Huh? What the? Don is on a trip? When is the thing and can you reach him? When will he come back? Peter's mouth was like a cannon, and he asked several questions one after another.
"Good. Please let me know when Don returns. Peter hung up, his face grim. The savior he was counting on, Tang Bao, actually went out on a trip.
That's bad news!
"Peter. Got an accident? Ayrt asked with concern, no way, the $1.5 billion in Tang Bao's hand. It's so important to them.
"Whew...... Don is out on a trip! No one could reach him. Peter said heavily. If he was simply traveling, he didn't need to worry, but he was worried that it was just an excuse for the other party to perfunctory him. Don, after all, is also an investor, will he continue to invest his money in BP Oil, which is performing poorly, this point, Peter before calling. Never considered.
But.
Hearing that Tang Bao went out to "travel" at this time, he couldn't help but think about it.
……
Then.
Peter called Adelson and several other investors who had agreed to take over BP shares. The result was not very bad, Adelson and others were very happy to agree, and they would choose the right time to buy BP shares in the United Kingdom.
But.
Peter was not overjoyed either, as the other party referred to as "the right time". Meaning that it may not meddle prematurely as he expects.
on this.
Peter felt very helpless, there was no way, capital was profit-seeking, no one was stupid, knowing that the stock price of BP Oil Company would fall, he intervened in a hurry.
……
Days on end.
The share price of BP Oil in the UK has been violently volatile and continues to fall. And in just a few days, it fell to thirty-seven dollars.
"Buy, buy...... Buy it all! "Look at the crazy outpouring of sell orders. Peter's eyes were scarlet, and he yelled at the trader.
That's when it happened.
Ayrt told Peter a piece of news that made him despair. After several days of battling with short sellers, BP Oil has less than $50 million left in its account. If no miracle happens, they will have to sit and die tomorrow at the latest.
Maybe......
I can't make it through today!
Yes.
There is no money.
Peter, who was screaming, suddenly fell silent, and then went to contact Adelson, Wagner and others one by one, urging them to come to the rescue.
The answer I got was that I was already buying.
But.
The number of shares bought was only a pitiful few tens of shares. Compared to the sell orders of millions of shares, it is not worth mentioning at all. Peter was furious. But there is nothing to be done.
……
"Boss, the stock price has fallen below $36, should we buy it?" Yang Yang stared at the computer screen and asked loudly.
In fact.
The stock price has already fallen below the bottom line of $40 scheduled by Tang Bao, and according to the plan, it should stop selling short and buy in reverse. But Tang Bao saw that there was still room for decline, so he didn't buy it too early.
"Phew, BP Petroleum shouldn't be able to hold it out." In recent days, BP Petroleum has been supporting the market, but its strength is getting weaker and weaker, and it is obviously insufficient capital. Moreover, Horst also told him that Peter had to call Horst several times every day to inquire about Tang Bao's whereabouts, and his eagerness was understandable.
"Wait!"
After thinking about it for a while, Tang Bao finally resisted the urge to buy.
At this time.
It is the most critical moment for BP oil in the UK, and the most anxious must be Peter, who needs to take advantage of this opportunity to fight for more.
……
"Impossible!"
Peter hung up angrily, a look of anger on his face. Just when Peter was in despair, Salim suddenly told him that the Kuwait Investment Authority could help them stabilize the share price of BP Oil on the condition that the previous shareholding cap agreement be completely abolished!
For this request.
Peter didn't even think about it, and rejected it in one gulp. Even if he resigns as chairman of the board of directors and leaves the company, it is unlikely that he will agree to Salim's request.
Let alone......
This kind of thing is not something he can decide alone, and even if the board of directors agrees, the British government will not be able to nod his head.
"Hmm...... Peter, did you say that the mysterious man who took the lead in shorting BP oil shares was instructed by the Kuwaitis? ”
Salim's offer reminded Ayrt of something.
"Well, that's impossible...... Peter was a little surprised.
"Why can't it be?"
Ayrt asked with a calm face.
“……”
Peter fell silent, yes, why can't it be Kuwaiti. Although the Kuwaitis were very cooperative with him throughout the whole process, they did what he asked him to do, and they also showed their support and importance to BP Petroleum in the United Kingdom. However, there were several "accidents" along the way, and it was precisely these accidents that dealt a fatal blow to BP Oil, causing the stock price to plummet.
Before.
Peter didn't think about it in this direction, because he felt that the Kuwait Investment Authority would definitely not want the stock price to plummet, and would secretly and slowly reduce its holdings.
But today's phone call from Salim revealed some information that frightened him.
The whole thing may have been an elaborate conspiracy by the Kuwaitis......
Perhaps the main person pushing investors to short sell BP oil shares is the Kuwait Investment Authority, which he himself considers the least likely.
There is only one purpose.
Forcing BP to lift the shareholding restrictions on the Kuwait Investment Authority!
"Huh, Ayrte, if it were Kuwaiti, we'd probably be in much more trouble than that......" Reflecting on what happened, Peter felt that the Kuwait Investment Authority was indeed very suspicious. Originally, Peter was confident that the stock price would be stable, partly because the Kuwait Investment Authority was willing to cooperate with them, but now the Kuwait Investment Authority openly supported him, but secretly wanted to force them to death......
This situation.
Peter can only eat coptis dumbly, and he knows his suffering. There is no way to deal with the Kuwaitis at all...... The situation with BP Petroleum could be even worse.
"Whew...... Ayrte, if there is no way, can only ask the government for financial assistance! Peter reluctantly took out his final hole card.
Alt was also silent.
Government assistance is something they are not willing to take lightly, because the cost is too great. (To be continued) R655