v3 Chapter 877： Sudden change

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.

He is confident that he will reach a preliminary agreement today.

Sure enough, Kester Phillips recovered, looked at Toby Morton, took a deep breath, and slowly nodded: "Mr. Morton, can I ask you two questions before reaching a cooperation? "

Toby Morton raised his brows, nodded and said: "As long as I know it, and no confidential information is involved, I can answer you."

Kester Phillips looked at Toby Morton with scorching eyes and asked, "What is the relationship between Galaxy Fund and Jiuding Securities? What are you going to do after acquiring our company?"

Toby Morton pondered for a moment, and solemnly said: "First of all, the first question is that Galaxy Fund and Jiuding Securities do have some connections. They belong to partners with a certain relationship, but what I want to say is that you don’t need to be hostile. We, because from the very beginning, Philip Brothers specifically targeted the Galaxy Fund. You picked things first, but you lost in this fight. You have to complain, and you should also blame the initiator and executor of this fight. "

"The second question, after all, our company is a newcomer to Wall Street, and its development is relatively slow, so I plan to take a gamble to see if Philip Brothers can be rescued. At any rate, it is also the leader of the futures market and disappeared in the long river of history. It's a shame."

"I don't think Mr. Philip would want to see it disappear like this."

"My two answers, don't you know if Mr. Philip is satisfied?"

Kester Philip sighed and said in an imploring tone: "I only hope that after you take over, you can retain the name of Philip Brothers as much as possible."

Toby Morton nodded immediately and said: "Of course, this is a sign with a huge reputation. It not only represents the honor of the Philip family, but also represents the history of the rise of the futures market. I like this name in my heart."

Anyway, it's the time, and there is no loss in holding a few words in his mouth. As for what to do later, Kester Phillips can't control at all. Of course Toby Morton follows his heart.

Kester Philip's face eased, stood up, and reached out to Toby Morton.

Toby Morton immediately got up, reached out to shake hands with him, smiled and said, "Thank you Mr. Philip for his generosity!"

Although a preliminary agreement has been reached, in order to have a real legal effect, a third party must be hired for justice.

After all, the assets of the Philip Brothers Company have been frozen, and the Philip Family Fund is again the largest shareholder, and the equity transfer is too sensitive.

The following day, representatives of the New York Exchange Commission arrived and stated the position of the New York Exchange Commission before signing the agreement and stated the responsibilities and obligations of Jiuding Securities.

Of course Toby Morton had no objection, and all agreed.

Kester Philip was even more okay.

Under the spotlight, the three parties signed the tripartite agreement. Jiuding Securities Co., Ltd. invested 27.8 million US dollars to buy 41.7 million shares of Philip Brothers originally held by the Philip Family Fund and assume the corresponding Legal liability.

That evening, many evening papers on Wall Street and New York used the photo of Kester Phillips shaking hands with Toby Morton as the cover, rethinking the matter, and major television stations also reported the news.

Jiuding Securities Co., Ltd. has gained great reputation!

Institutions and stockholders who had originally ignored Jiuding Securities had a keen interest in it. Of course, the major media would not miss the opportunity to mobilize their own forces to dig out all the news about Jiuding Securities.

Xia Yu’s "New York Daily News" takes the lead, introducing Jiuding Securities Co., Ltd. from the glorious history of its rise to the present, and the whole story is positive, and it gives a heavy title. "Miracle Creator".

After understanding, many investors are considering whether to hand over the funds to Jiuding Securities.

These changes made Toby Morton delighted and had the urge to immediately build a private equity fund.

Fortunately, he knew what was more important, suppressed the commotion in his heart, and was ready to seize the opportunity to take advantage of the victory and take advantage of the other shareholders of Philip Brothers.

Just as Toby Morton overwhelmed Edward Jefferson of the Thunder and was so energetic, the news returned by one of the company's acquisition teams made him feel good.

Immediately afterwards, the news that other acquisition teams kept hitting the wall came back, and he realized that something went wrong!

PS: The cervical and lumbar vertebrae have been protruding for a period of time, and the nerves have been compressed. Today, it suddenly became very serious. The left hand stings and the air-conditioning is painful from time to time. The update is slow. Please forgive me.

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