Contini made a fortune in the United States this time! First of all, the S2 motorcycle was a sensation, and before he left the United States, the order had exceeded 15,000 units, which was based on the premise that 1,000 commemorative editions and limited editions of various messes had been delivered, so the valuation of United Motorcycle of $200 million and the issue price of $20 were unanimously considered by everyone to be underestimated, and it jumped to $24 on the day of listing, and finally reached $28 when it was closed - a 40% increase in one day.

A week later, the stock price successfully broke through the $30 mark - and only one step away from the $35 determined for the convertible bond, the problem is that the convertible bond has just been subscribed or even issued yet, so stock critics think that this is almost equivalent to giving money, and the investors who have registered to buy the convertible bond are crowded, and there is a trend of "grab is earn" everywhere.

The final decision of the convertible bonds is a new innovation - a package of joint funds, which is composed of 300 million shares of United Bank + 400 million shares of United Oil Algeria + 600 million shares of United Petroleum Libya + 100 million United Motorcycle shares + 100 million United Pharmaceutical shares with a total value of 1.5 billion US dollars.

The $1.5 billion convertible bond was settled on July 31, 1929, and the conversion began from August 1 to 10, after which the investment held a basket of joint funds, which then held the corresponding joint shares. This innovative model was first proposed by Contini and was unanimously recognized by Wall Street as a quasi-group listing method, which is very vigorous.

The sponsoring and underwriting banks are also the custodian banks of this fund, no matter which bank or brokerage the investor opens an account with, they can carry out the deposit and exchange - this is actually the work of the dollar, but the standard denomination is only 100 US dollars, of course, there is still a difference between the US dollar and the US dollar, because behind the US dollar is the political right of the state, and behind the joint convertible bonds is only a joint fund or joint shares, but in the situation of the stock market surge, the joint convertible bonds are better than the US dollar, because he not only comes with 1.5% It also automatically gives a call option - a starting strike price of $100 (the intrinsic value of the joint fund is about $78 at the time of issuance), in other words, it is only profitable to convert it when the stock price rises from $78 to $100, otherwise it is a long-term bond of no more than 1.5%.

But investors obviously don't see it that way, they think this is a bottom guarantee - 1.5% earnings, no upper limit - after the stock price breaks through 100, every extra $1 is a net profit of good things, cut their heads to buy, and even some people complained to reporters, saying that the president left too much for institutional investors, giving them 1 billion quotas, and giving ordinary investors only 500 million, it should be the other way around, and institutional investors ridiculed each other, thinking that if it weren't for the president's insistence on letting the American people share the happiness of stock price growth, It's not your turn to grab this kind of good thing, giving you 500 million is considered tolerant, we not only have to grab it through institutional channels, we also have to go to personal channels to grab it!

Of course, the Fed also sees the unusualness of the joint bond conversion, but he has no way to go berserk, because the Fed is essentially a private business and is not included in the congressional budget; Second, all corporate convertible bonds were issued in this way in the past, and the reason why this joint convertible bond is so special is that it is a product of a foreign consortium, and it can cooperate with all American consortia and banks without restrictions. This is a blatant enemy of the consortium; The three joint convertible bonds were finally determined to be listed shares, and there was no reason to even attack the non-transparent and non-public statements of the United Group.

Therefore, starting from July 15th, at the moment when Contini and others were still floating at sea, there was a rush to buy joint convertible bonds, and the original sales period of 1.5 billion yuan was 15 days, but I didn't expect it to be full in 5 days. In the end, Wall Street urgently coordinated, and with the consent of Contini, it was decided to expand the size of the fund by 500 million US dollars so that the convertible bonds could be issued by an additional 500 million, and at the same time stipulated that the single purchase limit of 500 million US dollars was limited to 1000 US dollars, no matter who it was, it was necessary to re-queue if it was exceeded, so starting on July 20, all the big banks were in a long line, usually the whole family went out together to buy this hard-won 1000 US dollars, in order to prevent the number, many people took sleeping bags to the street, fortunately it was summer at this time, Except for mosquitoes and flies, there will be no cases of people freezing to death.

Roosevelt was even more disgusted by this phenomenon, and more than once expressed his concern in front of his wife, but to no avail. He said angrily: "I am like the little boy in the emperor's new clothes, I can see it clearly, but no one believes me!" ”

On August 1, the $2 billion was neatly incorporated into the United Group after deducting nearly $20 million in issuance, underwriting and intermediary fees, just after Contini returned to Rome. He did not hesitate to give 5 instructions:

First, $300 million from this amount should be immediately disbursed to companies that have contracted industrial equipment;

second, to buy $200 million worth of gold and ship it back to Italy;

Thirdly, it is ready to replace the loan due in August-September, and use the funds to pay for it without applying for a new loan for the time being, and after the loan is repaid, the shares that Contini originally used as collateral can be unfrozen;

Fourth, we will start negotiations on additional clauses and prepare to negotiate US$1.8 billion in additional contracts with various production equipment suppliers;

Fifth, the surplus money was remitted to Italy to meet other needs.

These five directives are almost public, but they make the market flutter even more: the $300 million deposit payment means that a huge $2.4 billion contract has been launched, which will bring a new round of take-off for Wall Street, and the additional $1.8 billion contract seems to be on the horizon; On the surface, the United Group has eroded the interests of the banks by replacing the funds obtained from the low-interest bond financing, but in fact it is now more profitable for the banks to lend to investors than to the United Group, and once the nearly $500 million is returned, the banks will be able to lend more to investors.

As for the Fed, it has also received certain benefits: the United Group has taken away 200 million US dollars in gold reserves, which makes them breathe a sigh of relief - it is so strange that now the Fed is worried about too much gold and too high the valuation of the local currency, and someone transporting gold is equivalent to dissipating the pressure on the dollar, but giving the Fed room to move.

So from August 3rd to 7th, more than 40 U.S. listed companies issued a unified announcement: received the deposit from the United Group, the company and the United Group sales contract was established, the contract size of the first million US dollars, the two sides are currently negotiating to determine the relevant technical parameters and contract details, the relevant performance is expected to be reflected in the next year, the two sides are currently negotiating a new round of contracts, the company will timely fulfill the announcement obligations......

This announcement, combined with a $500 million credit injection, made the big blue chips – with their slightly lower price-to-earnings ratios – collectively push the Dow Jones above the 330 mark on August 15, and everyone believed that the president's statement that "300 points is the starting point of the US bull market" was very valuable and very predictable.

August 15 is also the day of Contini and Ida's engagement, Italian celebrities from all walks of life, military and political dignitaries were invited to attend, the whole ceremony was presided over by the Pope himself, in order to congratulate and commemorate Ida's medical student status, Contini announced in a high-profile manner that the United Group will enter the medical field, build 28 high-level hospitals in the country, and be named a city United Hospital, the United Hospital and the combined drug constitute the United Medical Sector, with Ida as the honorary chairman, and invite the leader to attend the groundbreaking ceremony of key cities.

Mussolini was already happy at this time: before the engagement, the Ziano family gave Mussolini $10 million worth of gold and jewels in the form of a dowry, plus a beach house, and at the same time put $50 million in shares of the United Group in Ida's name (Adriana and Vivian both had more than 20 million) and 2 villas, as for other ordinary gifts, they were not included in the gift list at all. Combined with the shares and gold that they had been giving away, the Mussolini family now has a fortune of more than $100 million, enough to squeeze into the top 10 richest people in Italy.

Vivian and Adriana were also invited to attend as guests, because they had already been mentally prepared, so they had a blessed attitude towards it, and the only heartbroken person was Monica, but she was also responsible for logistics and other work, only supporting emotions and even forcing laughter at work.

In the evening, the banquet hall was full of friends, and instead of attending the dinner, she hid in her room and cried, but soon Agnes came to her.

"Silly boy, why are you crying?"

"Madam, I'm not engaged for myself, I'm engaged for the president...... Crying with joy. Monica said insincerely.

"Don't lie to me, can't I really see it?" Agnes smiled, "Come here, there's something for you......"

Monica rubbed her crying red eyes and walked over timidly, only to see Agnes take out a beautiful jewelry box from her purse, and then gently take out a ring and put it on Monica's left ring finger. Monica was surprised—it was the etiquette of a girl's engagement or marriage, and she didn't believe that Madame could be mistaken.

"Do you like this ring? A limited edition of 4.8 carats, only 2 pieces in the world! Agnes smiled, "One is on Ada's fingers, you should have seen it when we swapped them just now, and the other is on you, of course the pattern will be a little different - let me see, it's beautiful with your slender fingers." ”

Monica lowered her head: "Madam, this gift is too valuable, I can't ask for it!" ”

"It's not something I gave you, it's a gift from Calais, a ...... brought back from the United States," Agnes magically pulled out another box and hung a diamond necklace around Monica's neck, "It's Crystal Tears, I ordered 4 sets, each set is worth $90,000, and each of you 4 has a copy!" ”

"Ahh