v3 Chapter 875： Gambler psychology (1/2)

”Mr. Morton, you are here this time, are you ready to return the equity and end the bet?”

Edward Jefferson, general manager of the Thunder Company, said stiffly, without giving Toby Morton a good face.

This is also normal. After all, the Thunder Company had previously gambled with Jiuding Securities Company to hold 5.85 million shares of Philip Brothers, which accounted for 3.9% of the company’s total shares. At that time, it was worth 163 million. One million U.S. dollars.

But who knows that by now, the share price of Philip Brothers has fallen to $1.58 per share, and the listing has been suspended by the New York Stock Exchange. The 5.85 million shares held by Thunder are calculated based on the final share price. , The most is worth 9.24 million US dollars.

In such a short period of time, the gap is so big, how can you not make Edward Jefferson angry?

Thunder is just a Wall Street investment bank that can reach a large scale, with an annual net profit of about 150 million US dollars.

But this time, I planted a big somersault on the stock of Philip Brothers, and lost all the net profit of the previous year. Although there are reasons for my own judgment and too optimistic about Philip Brothers, it faces direct benefits. Predator, it's weird that Edward Jefferson had a good face.

Toby Morton doesn't care about Edward Jefferson's attitude. He has cheated the other side and can't allow the other side to have opinions?

He smiled and said, ”Mr. Jefferson, I am here this time to help your company a little favor.”

Edward Jefferson laughed angrily, leaned back on the chair, and looked up at Toby Morton, wanting to know what flowers he could tell.

”Mr. Morton, today is not April Fool's Day, and I have no time to joke with you.”

Toby Morton said with a serious expression, ”I'm not kidding, you might as well listen to me first.”

Edward Jefferson paid a little attention to it, and looked at Toby Morton with scrutiny.

then heard him say:

”Now the New York Stock Exchange has suspended the listing of Philip Brothers. According to normal procedures, it will take at least one year for Philip Brothers to be listed again, but only if it is financially healthy and profitable one year later.”

”It's just that based on the current situation, it's hard to say whether Philip Brothers can continue to exist.”

”So the 5.85 million shares of your company have been trapped.”

Seeing Toby Morton pause, Edward Jefferson sneered and asked, ”So what?”

Toby Morton said with a smile: ”So I plan to help your company unwind and recover the remaining funds. The method is that our company directly buys the stocks held by your company and changes the gambling agreement. Repay your stocks, but directly replace them with cash.”

Edward Jefferson was taken aback for a moment, frowned and looked at Toby Morton, and said immediately: ”This is not impossible, but your company's bid must not be less than 20 million US dollars!”

Toby Morton narrowed his smile, looked at Edward Jefferson like a knife, and said dissatisfiedly: ”Mr. Jefferson, your request is too ridiculous!”

”You should be very clear that Philip Brothers is already insolvent. Its stock has ceased to circulate and has lost its value. Even at the price of the market, your equity is only worth 9.24 million US dollars. If you don’t get out of the market, prices will only fall even lower.”

”In our opinion, the value of five million dollars is high. You told me that it was worth twenty million dollars. You are kidding.”

Edward Jefferson said coldly: ”I'm not kidding, if you want it, you must bid 20 million dollars!”

”Not long ago, the equity we held was worth more than $160 million.”

After all, Edward Jefferson is not reconciled. He has a thorn in his heart. He is extremely wary of Toby Morton, so he subconsciously does not want to lower his head.

Even at the current market price, the highest price would only be 9.24 million US dollars.

Although the money is not a small amount, but thinking of the loss of more than 100 million US dollars, he thinks about the big deal and gamble again. Maybe Phillip Brothers can survive it?

Although this chance is small, he still intends to take a gamble.

The price of 20 million U.S. dollars, although he really wants to sell, it also hides his temptation.

If Jiuding Securities Co., Ltd. is willing to buy it in the face of the 20 million U.S. dollars he opened, there must be information that he doesn't know. Instead, he wants to continue to hold it for a turnaround.

Anyway, it has fallen to the bottom, and it won’t fall anywhere anymore. Don’t worry about more lice!

It is a pity that Toby Morton could not agree.