Before the subprime mortgage crisis in the United States, the leverage of securities lending in the US stock market was very high, and the cost of securities lending was extremely low, so there were many cases of short selling, and often a simple negative news could cause the stock price to plummet.
Coupled with the terrifying impact of the last mortgage crisis, the federal government has issued strict decrees, and there will be severe penalties for short-selling in violation of regulations. Therefore, short-selling after 2008, except for individual institutions, is mostly a 1:1 ratio, and there is no leverage.
But in 2000, there is no concern!
In the current futures market, as long as the customer's credit is good, 10 times leverage is easy, and even 100 times leverage is not a problem!
But then came the problem.
Tang En had simply learned the relevant knowledge, but he did not expect that things were far more complicated than he imagined.
U.S. law stipulates that holding more than 5% of the total share capital must be reported to the company and the stock exchange.
The total share capital of Yahoo is less than 250 million, that is to say, the share capital held by Dunn cannot exceed 12.5 million, which means that Scott can only borrow about 10 million shares.
Even if each share can bring Dunn $200 in revenue, the total is $2 billion.
The U.S. tax law stipulates that the capital income tax for holding shares for more than one year is 15%, and the capital income tax for holding shares for less than one year is 20%.
Plus the high interest of futures, at least 5%.
How much money can this make?
Universal Pictures has been losing money year after year since the 1990s, but after all, there are six major movie giants, and none of them can afford four or five billion dollars.
Fortunately, Dunn's principal is sufficient now.
$1 billion, 10x leverage equals $10 billion in purchasing power, 100x leverage...that's $100 billion!
If the Yahoo family can't eat it, then come to a few more companies!
By March, after the performance report of the Internet company in the first quarter is released, the astonishing loss will shake the confidence of investors, and then there will be a wave of extremely bad expectations.
Dunn can make a decisive move at the end of February, Microsoft, Apple, Amazon, Cisco, Oracle, none of them can escape!
Of course, there is also AOL, the tenth largest Internet company in the world by market capitalization, which is recently fooling Time Warner and wants to complete the merger.
Dunn hates laymen to get involved in Hollywood. Even if Time Warner is his potential opponent, for the collective interests of Hollywood, he does not want Time Warner to be deceived.
AOL is the biggest joke of the new century, Dunn doesn't mind stepping on his back and teaching him a lesson!
……
For the current Dunn, making money is not important anymore. Just 10% of Google shares is enough for him to eat, drink and play for a lifetime.
The reason why he is still running for money is mainly to promote his film career.
Movies are his ideals, so he can live up to the sunglasses system that God has given him.
Dunn returned to California, mainly to go to Industrial Light and Magic to review the production of special effects shots for "Spider-Man", and then convert it into film and ship it to the UK.
"The Girl Who Moved Soul" has completed the post-production. In Dunn Films, Dunn saw the high-spirited young director Sam Mendes.
"Sam, congratulations! I have to say, "American Beauty" is so beautiful!" Dunnhe sincerely complimented.
Sam Mendes received a traditional British education, behaved very gentlemanly, and said modestly, "Dawn, you are too polite. Compared with you, my achievements are too small."
Dunn shook his head, "You are too modest, I haven't won an Oscar."
Sam Mendes said with a smile, "I didn't take it either."
"American Beauty is your Oscar!" Dunn glanced at him deeply, then smiled, "Anyway, I voted for you for best director and best picture."
"thanks, thanks!"
Sam Mendes is a newcomer and is not yet an Oscar judge. He is very grateful to Dunn for his support and for giving him the opportunity to shoot the film "The Girl Who Moved Souls".
In terms of value and art, "Soul Shifting Girl" is no worse than "American Beauty"!
"By the way, I have a friend, Christopher Nolan, who is also a British director. He's a few years younger than you. He's filming Memento, have you seen it?"
Tang En was in the business for a short time and had a shortage of contacts. After gaining the favor of the "Australian Gang", he wanted to integrate with the British circle.
For Americans in Hollywood, the situation of seniority ranking is very serious, and they all have a fixed circle of interests, which is difficult to break.
Relatively speaking, foreigners are better at attracting, especially newcomers.
Kate Winslet, Jude Law, Sam Mendes, Christopher Nolan, David Heyman... In addition to the future "Harry Potter", Dunn's interactions with the British, Must not be too little.
After sending off Sam Mendes, Dunn called in his new secretary, Ira Fisher, a 24-year-old Australian beauty with blond hair and blue eyes.
"When did you come?"
Tang En looked at her body with undisguised eyes. The narrow women's shirt, the tight hip-packed skirt, the charming flesh-colored stockings, and the 10-centimeter high-heeled shoes made the whole person look slim.
Ella Fischer pursed her lips and smiled, turned around generously, and gave Dunn a full appreciation, "I came half a month ago."
"Are you familiar with your work?"
"It's okay, the company...it's quite leisurely, it's not as busy as I imagined." Isla Fischer twisted the broken hair around her ear, winked, and unbuttoned the collars of two shirts. , revealing the red underwear and plump **** inside, "Boss, do you need me to lock the door of the office?"
Tang En smiled and waved his hand, "Don't be in a hurry, let's talk about work, what's important in the company recently?"
"Oh." Isla Fischer's face seemed a little disappointed, and she didn't need to read the notes, she just opened her mouth, "Fox has already transferred the box office of "Wedding Cracker". The North American box office is 210 million, and the overseas box office is 80 million. Fox received a total of $144 million in splits. Excluding distribution fees, an advance of $20 million and some necessary expenses, we received a total of $64 million.”
"Oh? Not a lot!" Dunn's face was happy.
Ella Fischer nodded, "The video rental dividends of "My Big Greek Wedding" and "Following" have also arrived, with a total of 8.2 million US dollars. Now the company has a total of nearly 110 million US dollars on its books."
"not bad."
Dunn was a little surprised, it seems that repayment of debts does not require funds from the stock market at all. Of course, in order for Tang En Pictures to develop in an all-round way, more capital must be injected.
"Russell said that he likes the book "A Beautiful Mind" very much, and he is looking forward to playing the role of Mr. Nash."
"Um."
"Time Warner is urging us again to ask us when we will start the "Harry Potter" project."
"It doesn't make sense."
"Marvel Entertainment is in contact with a lot of companies, because you filmed "Spider-Man", and many companies want to get the image rights of Spider-Man."
"Humph! Tell Marvel, you must not let go of the price! When I was making a movie, I didn't want to invest a penny in advertising costs Why? Seeing that "Spider-Man" is gaining momentum now, I want to take the opportunity to take advantage of it. momentum?"
Dunn was very dissatisfied.
When he filmed "Spider-Man", many businesses were not optimistic, and the sponsorship fee was pitiful. Now Dunn Pictures spent $4.5 million to buy a 45-second commercial at an average price of $100,000 per second at the Super Bowl on January 30!
No way. Internet companies are so rich now that they all want to advertise in the Super Bowl. The competition is fierce.
The fact that Dunn Pictures can stand out in terms of price has naturally caused a heated discussion, and the expectations for "Spider-Man" are even higher than usual.
"Okay, I'll inform Marvel. The last thing is that the Gold Club has been formally identified as a crime venue after the FBI's investigation, and the responsible person has been prosecuted."
"Oh? Good thing!" Dunn's eyes lit up, "Bruce Willis must be very low-key recently, right?"
Isla Fisher shook her head, "On the contrary, Disney has been supporting Bruce Willis. The success of "The Sixth Sense" made director Nate Shyamalan fire, and Bruce Willis also took advantage of the situation. , It is said that ... Disney has launched another thriller called "Undead Robbery", which is the cooperation of these two people."
"Disney?"
Dunn's face sank.
"Also, from Disney..." Ella Fisher paused and glanced at Dunn carefully, "Disney also asks you to clarify Bruce Willis' false remarks, otherwise... "
"Otherwise what?"
"Otherwise they wouldn't mind giving you a lesson."
"Ha ha ha ha!"
Dunn laughed out loud, a little arrogant.
(The last chapter before the release, I hope everyone will support it, thank you.)