v3 Chapter 877： Sudden change (1/2)

The words from George Berkeley really attracted the attention of Duke Carter Howard, who immediately mobilized all the power of the Howard family to investigate the matter.

In this investigation, Curtis Bard, senior manager of the metals trading department of the futures investment department of Barings Bank, and George Monroe, manager of the risk assessment department, were easily found.

After some consideration, Duke Carter Howard focused on the instigator Curtis Budd.

Time passed slowly.

Just as Duke Carter Howard was fully investigating, the liquidation of Phillip Brothers in the United States made great progress.

Generally speaking, the bankruptcy liquidation process of listed companies is cumbersome and time-consuming.

But there are exceptions to everything.

For example, Philip Brothers, which is now in the center of public opinion.

It coincides with the final stage of the general election!

During Jimmy Carter's administration, the policies and stability of the financial market were constantly criticized. Even if he later strongly suppressed gold futures and saved himself a trace of face, he was still constantly criticized.

Faced with similar problems in the futures market, Jimmy Carter wants to solve it as soon as possible and prove himself with practical actions. It is not that the media said that he is not decisive enough.

Therefore, under the pressure transmission of layers, the liquidation team has continuously increased its manpower, and the work progressed very quickly.

Even the management of Philip Brothers is very cooperative.

Without him, who makes advanced copper futures and aluminum futures still increase in price?

The account of Philip Brothers has been locked. Facing the continued upward trend, the longer it drags on, the greater the loss of Philip Brothers.

The board of directors has not reported any hope, and only hopes to complete the liquidation as soon as possible, so as to respond in a targeted manner.

The data of the liquidation is continuously aggregated, and the Philip Brothers Company is gradually unveiled.

When the preliminary liquidation results came out, Wall Street shook.

Phillip Brothers has a controlled capital of 6.72 billion U.S. dollars, its own assets of 975 million U.S. dollars, a loss of 1,264 million U.S. dollars, and a net asset of negative 289 million U.S. dollars !

Philip Brothers has negative assets and insolvency!

This result tore the last trace of luck for many investors, for example, Edward Jefferson of the Thunder Company was one of them.

After the results were announced, the liquidation team announced that it would conduct a review again, and the results of the review still need to wait for some time.

But almost everyone knows that this result is true. Even if it is reviewed, it will not fluctuate much. After all, looking at the members of the liquidation team, you can see that they will never make low-level mistakes unless they are willing to smash their own signs.

...

”Mr. Philip, how are you thinking about it?”

Toby Morton asked with a smile, looking at Kester Phillips, whose expression changed.

After the liquidation team released the data, Philip Brothers was hit hard again. If its stocks were not suspended from circulation, then the stock price would definitely plummet.

But it doesn't matter if it is not listed. Everyone has a steelyard in their hearts. Although they are different, they are almost everywhere.

So Toby Morton approached Kester Phillips for the second time.

Last time, it was because of the price issue that there was no agreement, but this time, Toby Morton believed that Kester Philip would give up.