v3 Chapter 872： Crash

"okay, I get it."

"Follow Phillip Brothers!"

After speaking, Xia Yu hung up the phone decisively.

Seeing the calm expression of the boss Xia Yu, Song Yang was a little at a loss, wanted to ask but didn't dare to ask.

At first, he happened to receive a call from a stranger saying that he wanted to see Xia Yu, so he could only send someone to the operating room to ask the boss Xia Yu to come over. He didn’t expect the boss to just talk a few words and hang up. Lost.

Xia Yu glanced at Song Yang, did not explain, and directly ordered: "Order the people below to speed up the shipment of hidden accounts. Do not sell the futures contracts on the open accounts. Arrange now."

Song Yang was a little inexplicable, resisting curiosity, nodded and replied: "Yes!"

"Boss, I'm leaving now!"

After finishing speaking, Song Yang immediately exited the office and walked quickly towards the operation room.

After thinking for a while in the office, Xia Yu did not go to the operation room, but left the Galaxy Fund in a low-key manner and drove back home.

He went to notify other people and speed up the shipment.

On the phone just now, someone has informed him that the senior officials of Phillip Brothers have placed U.S. Treasury Secretary G. William Miller and Fed Chairman Paul Volcker.

As for the purpose of the visit, the person who notified him did not say, obviously he did not know.

But this information is enough for Xia Yu.

He understood that the Phillip Brothers Company was almost dead, and now it is dying.

He did not take it lightly, but chose to reduce the risk at the first time to fight against it. The method is to ship as soon as possible, pull other institutions on the ship, and let the giant dogs of Wall Street bite the dogs.

The more goods he releases, the more Wall Street institutions will take over, and the less willing to disembark.

Maybe some organizations will choose to stop and relieve pressure in terms of millions of profits and pressure, but he does not believe that in the face of tens of millions or even hundreds of millions of dollars in profits, these institutions will be softened and let go!

As long as these institutions are willing to carry it out, it will be difficult to implement the policies issued by the US Treasury Department, and even the policies will die out. Unless they are exchanged for real benefits, the Phillips Brothers will be in trouble.

……

100 million dollars!

200 million dollars!

300 million dollars!

After Xia Yu’s order to speed up shipments was sent from New York to the world, one-handed spot and futures contracts began to sell quickly, and large sums of money flowed into the accounts of several Swiss banks that had been prepared, some of which were in Switzerland. After the turnover between banks is transferred out, it flows into the accounts of Jiuding Bank or Chiba Bank in the island country.

On a global scale, the fastest clearance is the contract in the island country’s futures market, and the island market is home to Sumitomo Corporation. Even if Xia Yu left the warehouse, it did not cause any turmoil.

In the United Kingdom, the Bank of Barings saw the continuously rising prices of LME copper futures and LME aluminum futures, just like ants on a hot pot. There is no way to turn around. I beg grandpa to grandma, but no one will give a helping hand for fear of being dragged. Down the quagmire.

"The market value has fallen below one billion US dollars, great!"

Inside Jiuding Securities in New York, I saw the stock price of Philip Brothers fluctuated from $6.66 to $6.65 per share, and the market value fell below one billion U.S. dollars in an instant. Toby Morton was in agitated mood and couldn't help but shout out with joy.

Xia Yu also couldn't help but raised his mouth slightly, and thought to himself: "It's time to do it!"

Sure enough, I saw Toby Morton immediately following his previous job deployment and starting to direct the trader to start buying stocks carefully.

Xia Yu picked up a copy of the "New York Daily News" on the newspaper shelf next to it and read it, and saw the most conspicuous position on the front page. The bold line of words was very eye-catching. The translation was indeed-Brother Philip The company is about to go bankrupt!

Below the big characters, an article with thousands of words was eloquently written, and the true situation and speculation of Philip Brothers were written out with a reasonable basis. Finally, a concluding sentence was added to determine that the Philip Brothers company has been capitalized and there is a high investment risk. , Investors need to pay great attention.

"New York Daily News" was already a first-class newspaper with a daily sales of 700,000 copies before Xia Yu acquired it. After optimization and adjustment, it is now even more popular, with daily sales reaching 780,000 copies.

The position of such a newspaper clearly downplays Philips Brothers, and one can imagine how bad the impact will be.

The market value of Phillip Brothers fell below one billion US dollars this morning, and the "New York Daily News" played a big role.

For Phillip Brothers, the nightmare is more than that.

With its market value falling below one billion U.S. dollars, long positions in high-grade copper futures and aluminum futures seem to have been encouraged, morale has greatly increased, and the intensity of long positions has increased again. It seems that they want to seize the opportunity. The brother company suppressed it to the end, leaving it without any chance of turning over.

Seeing this situation, Song Yang, who has been paying close attention to the market, immediately commanded the trader to increase the intensity of selling the contract.

Every time a futures contract is thrown out, it is bought by an unknown institution in an instant, while the Galaxy Fund reaps the beloved money.

In addition, Philip Brothers also ushered in a joint investigation by the New York Exchange Commission and the New York Mercantile Exchange.

Whether it was an investigation team sent under pressure from public opinion is still unknown, but since the two official agencies have come forward to investigate, there must be a result. Investors have the right to know the true situation of Philip Brothers.

If Philip Brothers is truly insolvent and there is a major risk, then Philip Brothers will definitely be monitored by the New York Mercantile Exchange to prevent management and shareholders from transferring assets.

Philip Brothers.

Watching the investigating team walk into the operation room and the finance office respectively, Tendler Wells closed his eyes in despair.

Different from the investigation team investigating the Galaxy Fund, the situation at Philip Brothers is more serious, so the investigation team cannot be stopped at all.

Tendler Wells knows very well that the company is really insolvent. As long as the investigation team carefully checks the financial income and expenditure and investment accounts, it will soon discover the true situation.

Through the glass, watching the reporters squatting downstairs, Tendler Wells sighed and ordered the secretary to call the directors of the company one by one.

The investigation team suddenly attacked. The matter has come to an end. He has nothing to do. Let the directors prepare.

If any director can make a desperate turnaround and let the ambiguous Fed offer a helping hand, then Philip Brothers will still be rescued, otherwise the day of bankruptcy will not be far away.

Time passed, and more and more directors rushed over, but the people in this group of investigation team just didn't get in, so they only knew that they were investigating.

Finally, around five o'clock in the afternoon, the investigation team finally stopped.

There was no face-to-face feedback. Before leaving, the leader of the investigation team left only one sentence to Tendler Wells: "The Phillip Brothers company’s deposit has been completely consumed, and the 23 million USD deposit must be Fill it up within 24 hours, otherwise the exchange will forcibly intervene."

After finishing speaking, the investigation team left without any muddle.

But just this sentence changed the expressions of everyone present.

There is a margin gap of 23 million U.S. dollars. When the market opens tomorrow, this supplementary figure will only increase.

But my family knows their own affairs, Philip Brothers is really out of money!

Is the company unable to escape bankruptcy? !

Looking at Kester Phillips who was in a trance, Tendler Wells clenched his fists, but finally let go weakly.

Everything happened too fast, and they were already sentenced to death before their plan could be implemented.

Then, a group of heavy-minded people walked into the conference room and had a meeting again.

The results of the meeting were terrible The directors were unwilling to contribute money to help the company tide over the difficulties.

Obviously, in the face of the Fed and the US Treasury Department’s indifference, they finally chose to give up and use the cost of destruction to force the government and the Fed to make a choice.

The next day, the bulls became even more frantic. The floating losses of Philip Brothers continued to expand. The positive insurance gap easily exceeded US$30 million and went to US$40 million.

Seeing that Philip Brothers did not act, the New York Mercantile Exchange issued repeated warnings to no avail, and directly chose to intervene forcibly, temporarily depriving Philip Brothers of trading seats, and at the same time reported to the New York Board of Exchange, requesting the freezing of the assets of Philip Brothers.

There is no way, the New York Mercantile Exchange cannot help Philip Brothers to liquidate the position. After all, the latter is a short position. If the position is forcibly closed, the New York Mercantile Exchange needs to pay money.

I can’t get the deposit back, so why would I spend my brain to help Phillip Brothers liquidate the position?

To liquidate the position, the assets of Phillip Brothers are also used to liquidate the position!

When a large number of New York Board of Exchange staff re-entered Phillip Brothers, a large group of reporters swarmed.

Knowing that the New York Board of Trade had come to block Phillip Brothers, the reporters immediately rioted. They knew what this meant.

Soon after, the news spread across Wall Street quickly, and the Philip Brothers Company was insolvent and collapsed!