v3 Chapter 873： Stock price crash, strategic adjustment (1/2)

”Philip Brothers has entered the countdown to death!”

Solomon Brothers, when he heard his subordinates report the actions of the New York Exchange Commission and the New York Mercantile Exchange against Philip Brothers, John Goufran looked gloomy and said with emotion for a long time.

At this moment, he has a feeling of sadness.

Although the Phillips Brothers Company has not fallen yet, in the eyes of John Gufran, it is almost falling.

He inquired that Philip Brothers could not even replenish the exchange deposits overdue. The board of directors can look directly at this point. It shows that the internal situation of Philip Brothers is worse than outsiders thought.

How bad does it need to be before they can choose to give up!

So in John Gooflan’s view, Philip Brothers is out of help. Even if it is rescued, Philip Brothers will undergo essential changes. If it changes its name, it will be another company.

If you can't save it, you will be dismembered, and the old financial company of 60 or 70 years will disappear.

”Hey, falling down deserves it, just let our company follow the bad luck...”

Thinking of this, John Gufran looked gloomy and had the urge to rush to Albert Raphael’s house tonight to beat him up.

If it weren't for Albert Raphael, how could Salomon Brothers be like this!

Although it will not go bankrupt for the time being, it still has serious losses. If the Philip Brothers company collapses, most of the pressure will be transferred to their company.

”There must be a problem, maybe it's the conspiracy of the Chicago Consortium...”

”Forget it, things have reached this point, there is no need to explore the reasons anymore, it is better to buy the futures contract to stop the loss as soon as possible...”

After thinking about it, John Gufran walked to the operating room immediately.

……

”Boss, the stock price of Philip Brothers has crashed, should we stop buying stocks temporarily?”

As he walked quickly to the operation room of Jiuding Securities Company, Toby Morton told Xia Yu.

Xia Yu kept walking and said blankly: ”Look at the specific situation first.”

Toby Morton stopped talking, and followed Xia Yu to the operating room.

Xia Yu even looked at the trading board, and it turned out to be red, and it fell almost vertically, with little fluctuation.

Look at the latest stock price after the jump.

Good guy, the stock price has fallen to US$4.02 per share, and the market value is US$603 million, which is about to fall below US$600 million.

(Ooo)...

Just as Xia Yu was stunned, the stock price had fallen to $3.92.

Correspondingly, the market value of Philip Brothers officially fell below $600 million.

And the stock price is still falling all the way, obviously the market has panic and is rushing to sell out first.

But there are not many stupid people in Wall Street institutions. It is clear that Philip Brothers is still going down, how could it take over.

And now that Philip Brothers has been linked to bankruptcy, as long as it is officially determined that it will go bankrupt, the stock will be forced out of the market in a short time, and now it is the amount of money that you buy.

”Boss, the Phillips Brothers company is in an unexpected situation. The plan we made before is no longer in line with it. I suggest that we temporarily stop the stock acquisition and wait and see.”

Seeing the boss recover, Toby Morton said immediately.