There is nothing wrong with Henry Williams' statement, and although the U.S. Securities and Exchange Act and Section 144 specifically provide for the reduction of shareholdings by major shareholders, there are also exemptions.

For example, KY Investment Fund now owns 7.2% of First National Bank of Boston and 6.9% of John Hancock Mutual Life Insurance Company, both of which are the largest institutional shareholders.

According to the relevant laws of U.S. securities exchanges, if a new major shareholder such as KY Investment Fund wants to reduce its shares, Y Investment Fund has only held the shares of these two companies for less than half a year, so according to the provisions of these regulations, KY Investment Fund cannot reduce its shares within two years.

However, the U.S. Federal Securities and Exchange Commission has also set aside some exceptions for exemptions in some special circumstances. For example, the KY Investment Fund did not hold more than 5% of the shares of these two companies before, only a little more than a percent. In order to save the stock market, the Y investment fund invested heavily in the repurchase of shares, which is an act of bailing out the market and supporting the market, so these shares increased by the KY investment fund in the stock market crash can be classified as special exemptions as long as the holding time exceeds three months.

Of course, this part of the increased shares should first be sold to internal shareholders after the declaration of reduction, and only after internal shareholders are unwilling to subscribe for this part of the shares, this part of the shares will flow into the circulation market.

In other words, this part of the shares increased in the stock market crash can be restricted from the provisions of the U.S. Securities Act and Article 144, but it is still necessary to report to the Federal Securities and Exchange Commission accordingly, and at the same time, it must be purchased by internal shareholders in a hurry.

It is for this reason that Henry Williams dared to publicly declare that he wanted to reduce his holdings in First National Bank of Boston and John Hancock Mutual Life Insurance Company.

As for who was behind the huge sell-offs that appeared in the stock market at the beginning, who knows! It must be that most stockholders are not optimistic about the future of these two companies, so they are competing to sell their stocks. That's because you yourself are not good enough to give the shareholders great confidence, and it is not surprising that the shareholders abandon you.

In fact, it's not just ordinary shareholders who abandon you, even I, the largest shareholder, are not optimistic about your future.

Just one day of decline has sent the stock prices of these two companies directly to the level of the day of the crash. At this time, even if internal shareholders want to repurchase this part of the shares, they must repurchase according to the stock price at the time of the KY investment fund's statement of reduction.

That way, the guys at the Boston consortium will be embarrassed. They really didn't expect that the stock price of their core company would fall so badly in this day, even if they wanted to buy back this part of the shares of the KY Investment Fund, they would have to buy it back at the price before the opening of today's market, that is, the repurchase price would be 28% higher than the actual stock price.

No one will do this kind of wrongdoing, even if the Boston consortium buys back those circulating shares at a low price from the circulation market, there is still a huge amount of selling on the top of the head - the largest shareholder reduces the shares, which is more bearish information than any bad news!

However, if the Boston consortium does not buy back this part of the shares, then when the time stipulated by the Federal Securities and Exchange Commission arrives, the KY investment fund can completely fight not to make a profit and sell these shares at the market price, in which case, the Boston consortium will be in even greater trouble.

Based on the market capitalization of First National Bank of Boston, which was $56 billion before the crash, the market value of about 5.8% of the stocks that KY investment funds increased in the crash was about $3.25 billion. This is not a small number, this is definitely a direct long-term decline in the stock price of Boston First National Bank, this period must be maintained for at least three months or even more than half a year, only such a long time, the market is likely to digest such a large sell-off.

And even if the market digests such a big sell-off, it will be a long time for the share price of First National Bank of Boston to return to the level before the opening of today's market!

If the Boston consortium and other KY investment funds put these stocks into the circulation market, it is not impossible to take over, but that needs to avoid the supervision of the Federal Securities and Exchange Commission - oh, you don't buy back when people reduce their holdings, and wait for people to put the shares into the circulation market before rebuying, which is illegal!

Of course, the Boston consortium could find another institution to buy back these shares from the market, and the board of directors would change the position of shareholder. But then again, now that the KY Investment Fund is obviously going to have trouble with the Boston consortium, who would dare to take such a big risk to buy back these shares at such a sensitive moment?

Everyone knows that the KY investment fund can't be provoked now, people have a huge amount of capital, they are rich and capricious, if you dare to buy, people dare to smash it, and the KY investment fund can fight to lose money, after you buy these stocks, can you afford the loss of hundreds of millions or even billions of dollars?

Therefore, this hand of the KY investment fund can be called a desperate hand! Who the hell dares to help the Boston consortium, first see if there is so much money in your wallet for you to lose!

Without that capital, Sensei is involved in this matter. This matter is a beam between the KY Investment Fund and the Boston consortium, and no one can say it!

Aren't your Boston consortium? Don't you dare to make a move against our boss? Okay, let's just fight to the death! Isn't your Boston consortium boasting that it is very deep-rooted bullish? My KY investment fund is rich enough to use Franklin to smash people to death!

In fact, the market value of the shares of these two companies owned by the KY Investment Fund is only a few billion dollars, and there are institutions in the United States that have the ability to solve this part of the stocks, but now no one really dares to anger the KY Investment Fund. Even the Federal Securities and Exchange Commission did not dare to point fingers at the KY investment fund too much.

The KY investment fund now controls a large number of stocks of 27 core enterprises in the United States, and also controls the stocks of a large number of medium-sized companies.

Who can afford this responsibility?

Not to mention the Republican candidates, who currently have an absolute lead in the presidential election, Vice President Bush also publicly stood up and said that he would severely punish the culprits behind the terrorist acts against American Airlines flight A152. Some members of the House of Representatives and the Senate are also clearly on the side of Vice President Bush.

At the same time, the Mellon family, the Morgan family, and the big figures of the Texas consortium and the California consortium have also issued statements condemning this unformed terrorist act. Clear-eyed people can see at a glance that these big families and big consortia with terrifying financial resources are on the side of the KY Investment Fund in this matter.

Although there is no evidence that the Boston Consortium is behind this terrorist incident, does this kind of thing need evidence? Not to mention that this incident is actually done behind your back, even if it is not you, Lao Tzu will put on your head, what can you do with me?

In such a situation, who would dare to stand up for the Boston consortium?

The Boston Consortium is not the Boston Consortium of half a century ago, and the current Boston Consortium is the weakest time since the establishment of the Consortium.

The Boston consortium does control a lot of capital, but most of it is some real estate, and in terms of cash reserves, the KY investment fund can throw the Boston consortium half a Pacific Ocean away.

The most important thing is that the KY investment fund made a high-profile attack on the Boston consortium, and those families and consortia who have long wanted to get rid of the Boston consortium behind the scenes, where can they make good use of the sharp gun of the KY investment fund?

Citibank, Bank of America, **** Bank, Mellon National Bank, these are the top four banks in the United States, and Boston First National Bank is also quite good, but it is much inferior to these four banks. Especially when these four banks have long wanted to swallow the First National Bank of Boston, even if they eat the First National Bank of Boston, it will be a great improvement to their own strength.

Therefore, when these four major banks began to secretly transfuse KY Investment Fund together, who would dare to be tough with KY Investment Fund at this time?

Finding death is not such a way to find death!

Although this incident was triggered by an unformed air crash, in essence, it was actually a brutal battle between emerging capital and established capital.

As an emerging capital, if the KY investment fund wants to gain a firm foothold in the United States, it must get rid of an old capital and replace it, and the Boston consortium, which has become "old and decrepit", is crashing into the muzzle of the "strong" KY investment fund.

In fact, according to Yang Jing's plan, KY Investment Fund should not have exposed its strength prematurely so early, but in a hurry, the assassination of the Boston consortium completely angered Yang Jing, so he was ready to use this incident to start trouble.

Since we have to fight this battle sooner or later, we should take advantage of the fact that the Boston consortium is at its lowest ebb and teach them a profound lesson.

Taking a step back, even if the KY Investment Fund can't get rid of the Boston Consortium, it can still make a voice belonging to the KY Investment Fund through this financial war, so that the big families or big conglomerates in the United States must face up to this strong rising capital force.