"Do you want to buy back shares?"

In just ten minutes, Sony's funds began to run short.

The person in charge of buying back shares had to show up again in Phil. In front of Molineux, please ask Phil. Molineux.

Once the buyback continues, Sony's funds may be in a comprehensive emergency, but if it does not repurchase, let the major funds, investment banks and some people who fish in troubled waters leave, Sony's stock will fall again and again.

"Repo."

Phil. Molineux gritted his teeth.

He has no way out, and he knows very well that once he gives up the buyback, Sony's stock price may be completely suppressed, and he will also lose his generous salary and equity dividends

That's hundreds of millions of dollars a year.

As a large company, Sony has a lot of assets, but it also has the common drawback of large companies, which is a lack of cash flow.

On the surface, it seems that Sony's market value is over 100 billion yuan, and its wealth is huge, but in fact, these are the prices of stocks, which are not accurate, and the valuation of tens of billions of dollars given by the industry is also based on Sony's large number of real estate, film libraries, channels, etc., aside from these, in fact, Sony's cash flow is very urgent.

When it comes to the industries with the most cash flow, the first should belong to finance, followed by energy, and these happen to be not involved in Sony, as for Sony Bank, it will take a few years to appear.

At present, Sony's cash is held in the custody of Mitsui Bank and a number of banks in the United States.

Being able to pull out two billion dollars is already the limit. And this limit is still based on the fact that the whole Sony is not operating.

But is Sony probably not working?

Of course not.

So in fact, the funds he was able to withdraw to repurchase shares were only a little more than one billion dollars, compared with his own market value of 100 billion yuan, compared with the funds withdrawn by funds, investment banks and other financial institutions. It's just a drop in the bucket, and in just an instant, Sony's funds are exhausted.

"Phil. Mr. Molineux, our funds have bottomed out, and I propose that we should not buy back shares. The person in charge of the repurchase of shares said.

"Nope."

Phil. Molineux refused, "Can't stop, once stopped." Our early efforts have been in vain. ”

Phil. Molineux's eyes were red.

More than one billion dollars were invested in the early stage to buy back stocks, and giving up at this time is not equivalent to a waste in the early stage. Even if you resist, you have to resist.

"I don't believe it." Phil. Molineux gritted his teeth and said: "With our Sony's funds, we will still be afraid of those funds and investment banks. ”

"Send me a press conference and tell the shareholders. We are buying back shares. In addition, a new publicity plan has been launched, and this time it cannot be said that it will fail. ”

"But we don't have the money anymore."

"Isn't there still a spare fund?" Phil. Molineux Road.

The person in charge of Sony's share buyback was taken aback when he heard this, "But those are ......." ”

"It's just a few days of borrowing." Phil. Molineux said gloomily: "As long as we stabilize Sony's stock price, we can withdraw the funds and return them at that time." ”

"The board of directors won't find out."

"Do you think I'm right? My dear Mr. Edgar. ”

Edgar struggled a little in Phil. Under Molineux's stern gaze, he had to give in, "Yes." The board will not find out. ”

"That's good."

Phil. Molineux turned his head and looked out the window. sneered, "Those stupid guys, who think they can provoke the majesty of the Sony Empire, don't know that in Sony's eyes, they are just some clowns. ”

"AOL Time Warner, this incident has nothing to do with them, they thought they could suppress Sony's stock price and drive Sony out of Hollywood, but they didn't know how powerful Sony was."

"Sony, which has merged Columbia Pictures and MGM, is simply not something that one Warner Bros. can fight against."

"Sooner or later, we'll go to Wall Street and give AOL Time Warner a little bit of color and let them know how good Sony is."

As soon as Sony's press conference was held, it was immediately crowded.

At a time when Sony's stock price is changing, many financial newspapers are focusing on Sony's stock price, and Sony's stock price change is something worth writing about.

Now Sony held a press conference, and they rushed over as soon as possible, and the huge team of financial magazines squeezed the entertainment reporters aside.

"Sony is currently buying back its own shares, and we are very well funded, and I believe that it will not be long before those unscrupulous groups that suppress Sony's stock price will taste the bitter pain."

Phil. Molineux was very natural in front of reporters, as if he had won the game.

"Phil, please. Mr. Molineux, who is the group you are talking about? Does this mean that Sony has locked up the main responsible person, and will you choose to take the other party to court? ”

One reporter said he had a Fortune press card on his chest.

Phil. Molineux just glanced at it, and then showed a sneer, "I won't say who the group is for the time being, as for going to court, if he is willing to stop, I am willing to let him go, if he doesn't stop, I will let him know how powerful our Sony is." ”

Phil. Molineux's original intention was to warn AOL Time Warner, as Fortune magazine happened to be a magazine owned by AOL Time Warner Group.

But when a reporter from Fortune magazine put his words in the magazine, his words changed completely.

"Phil. Molineux claimed at the press conference that he was going to let go of his enemies, and claimed that Sony would let them know how good they were, but in connection with today's stock price changes, the weakness in his sentence is obvious, according to authoritative sources, Sony's current is affected by the entertainment market and Sony's own problems and falls, if Sony can't win the lawsuit with Avril. Then the entire entertainment market will continue to fall. ”

"And Sony's troubles are not only like this, but the knives from several other Hollywood movie giants have made it difficult to secure Sony's seat on the MPAA."

"If Sony's seat on the MPAA is reduced from two to one, then Sony's acquisition of MGM will be meaningless."

"That's why the big funds and investment banks are leaving."

Phil. Molineux read the magazine and vomited blood in anger.

Although Fortune magazine did not have a single sentence that clearly stated that Sony's stock price was going to fall even more. But he was saying that Sony's stock price was about to fall.

In particular, once the news of the stance of investment banks and major funds is revealed, investors will be shaken.

You know, investment banks and major funds have always been the vane of the stock market, and their actions are the target of major investors, and they have left the market, what does this mean? This means that major investment banks and funds do not look at Sony's stocks, even if Sony's operation is fine. It will also cause Sony's stock price to fluctuate.

"Damn AOL Time Warner, I'm not done with you."

The next morning, Sony's stock fell across the board as soon as it came out. The fall was so tragic that it was comparable to a stock market crash, and in fact, for Sony, the effect of the exit of major funds and investment banks was no different from that of a stock market crash.

It's not just ordinary citizens who are throwing. Even some speculators have started to jump in and short Sony.

For them. Sony is a piece of fat, although this piece of fat is a little less, but if you can bite it, it is also good, after all, Sony, which has a market value of 100 billion US dollars, has encountered such a big fluctuation, and there are few opportunities.

Driven by these speculators, Sony's share price began to fall further. Even if Sony is stabilizing its stock price, it has fallen by more than three levels. Tens of billions of dollars evaporated in the stock market.

But everyone who bought Sony shares was dumbfounded by the plummeting stocks.

"Phil. President of Molineux. ”

Edgar stands on Phil again. In front of Molineux, compared to yesterday, his face was slightly gray, and he had a hunch that he was going to be unlucky this time, "At present, the company's funds have been completely depleted. ”

"Call up the spare funds."

Phil. Molineux waved his hand irritably, he didn't want to hear the bad news anymore, "Edgar, you can make your own decisions. ”

"We at Sony will never lose to those vile blockers."

"I know, but ......." Edgar licked his tongue, "Phil. President Molineux, the company's spare funds have also been used up, and all our funds have been smashed into the black hole of the stock market, and there is no way to recover it at all, unless the upper side invests a huge amount of money in us. ”

"All the money is here, how should the money be invested?" Phil. Molineux asked.

"For example, applying for a loan from a bank."

Edgar replied, "As long as the banks support us, the stock price will soon recover, after all, we Sony are only temporarily hit by the negative news, and I believe it will not be long before our stock price will return to its normal position." ”

"Now international speculators, funds, investment banks, they will soon enter the market again, and this time, they are not short, but long."

"I'll report back to the top." Phil. Molineux said lightly, "By the way, this time you did it on your own initiative, and it has nothing to do with me, I told you earlier, I'd rather let him bottom out than fight with them." ”

In an instant, Edgar's face turned pale.

His mouth trembled, and his whole body trembled abnormally.

Phil. Molineux is going to let him carry the black pot, but does he dare to carry it? Sony is not easy to mess with, out of such a big basket, even to the ends of the earth, Sony will hunt him down.

He's just a small employee, and he can't afford to carry it.

"I heard you have a lovely daughter attending classes at St. Denis's school? If you are willing to bear this burden, your daughter will live well. ”

"But if you don't want to......."

Phil. Molineux smiled grimly, "You'll understand the consequences." ”

Kerra!

Phil. Molineux took out a plane ticket and a check from a drawer, "This is a ticket to Africa, you should understand what he means." (To be continued......)