Rebirth of the Financial Crisis Sweeping the World

Chapter 468 468 Despair

At this moment, in the trading room of the Huntington Bank Building.

Wang Guanxi looked at the equity of Cardinal Health Group mortgaged by Evan Cardinal and was very satisfied.

Wu Zhanhai asked: BOSS, if Evan Cardinale's position goes bankrupt, won't he be able to repay our funds?

Cardinal Health Group's 25% equity is only worth US$1.5 billion. According to the current bank loan mortgage rate, it can only loan US$750 million.

This loan is too much. Evan Cardinal should have pledged $2 billion in assets.

Wang Guanxi said: Don't worry, the Cardinal family still has a lot of money. Whether they can afford it or not depends on whether they are willing to sell us the control of Cardinal Health Group.

Wu Hongsheng said: The Cardinal family actually suffered a lot of losses during the economic crisis. I believe they will still agree to our conditions after the huge losses!

Li Guangyu smiled and said: Actually, they have no choice. The Cardinal family has so many debts. If they liquidate this time, they will definitely be doomed.

Wang Guanxi smiled and said: Evan Cardinal wants to bet that he will not be liquidated, but if he dreams again, he will definitely be liquidated.

Lu Jianyan asked: BOSS, do we want to continue to release bad news for the stock market?

Wang Guanxi thought for a while and said, No need for the time being.

Guan Zhenyi thought for a while and asked: Boss, after Evan Cardinals liquidates his position, should we join forces with Northern Trust Bank and SunTrust Bank to collect debts from the Cardinal family?

Lin Jiyang also echoed: Evan Cardinal has so much debt and doesn't want to liquidate his position, so he asked us to borrow another billion US dollars. After this liquidation, he will definitely not be able to repay the debt. Let's collect the debt together. They will definitely hand over Cardinal Health!”

Wang Guanxi thought it made sense and said, Go and do it!

Yes, BOSS!

Then people from Fifth Third Bank, Huntington Bank, and Macy’s Pizza Company contacted Northern Trust Bank and SunTrust Bank.

The next day, July 10, the Dow Jones Index and international crude oil both plummeted!

Soros Quantum Fund: The oil market has gone too far, driven by expectations that the global economy will recover quickly. I think the current correction in oil prices we are seeing is a prelude, and will be followed by the stock market and commodity markets A sharp decline.”

Since oil prices closed at $71.49 last Monday, oil prices have fallen sharply by nearly 12%.

Feld Group: “The current decline in oil prices stems from people’s realization that oil prices may have begun to enter a new round of bubble period, and there are no fundamental factors to justify oil prices above US$70 per barrel.

The Dow Jones index fell 180 points today to 8020.

There is still US$120 million in margin in Evan Cardinal's account. If the Dow Jones Index falls another 20 points, Cardinal's hedge fund will be liquidated.

Today is Friday, luckily the market has closed.

But when the market opens on Monday next week, his account will be liquidated.

Now the floating loss on the book is 980 points, and the floating loss is as high as 5.88 billion US dollars. If the Dow Jones Index drops another 20 points, he will be completely finished.

Moreover, if the 600,000 long orders on the Dow Jones Index in the account are forcibly closed, the Dow Jones Index will continue to plummet many points, and the losses will increase.

Thinking of this, Evan Cardinal trembled all over, and sweat fell from his forehead one by one. He was paralyzed on the stool helplessly, not knowing what to do.

If it weren't for Huntington Bank and Fifth Third Bank's loan of $10, his account would be liquidated today.

But what about next week?

If the Dow Jones opens next week, his account will still be liquidated.

He began to despair inside.

Am I really going to die?

Evan Cardinal was desperate and unwilling. He grabbed his fist and punched the wall!

No!

No!

Will not!

···

At this moment, Wang Guanxi and others were very excited in the Huntington Bank Building.

The Dow Jones Index has fallen to 8020. Fund No. 1 has a floating profit of 980 points, with a total floating profit of US$2.45 billion, and the net account value is as high as US$5.25 billion.

Wu Zhanhai: BOSS, the Dow Jones Index will fall below 8,000 soon.

Wu Hongsheng: Then Evan Cardinal hasn't liquidated his position yet.

Li Guangyu: It should be soon, he will definitely be liquidated next week!

Wang Guanxi said with a smile: This guy loaned us a billion dollars, but it's still not enough to fill the hole.

Lu Jianyan suggested: BOSS, now Evan Cardinal is about to liquidate his position, we can go to collect debts.

Guan Zhenyi also echoed: Let's force Evan Cardinal to sell us control of Cardinal Health Group now.

Lin Jiyang also said: Negotiate directly with the Cardinal family and say we want to acquire Cardinal Health Group!

Stephen Stano: We can also join forces with SunTrust Bank and Northern Trust Bank to collect debts.

Alan Fishman also said: I don't think the Cardinal family can handle it!

Wang Guanxi nodded: Let's take advantage of these two weekends to do it!

Yes, BOSS Then Huntington Bank and Fifth Third Bank began to collect debts.

The next day, Northern Trust Bank and SunTrust Bank were also scared. Together with the benefits provided by Huntington Bank and Fifth Third Bank, all the cash flow of Macy's Pizza Company headquartered in Michigan was deposited in the two banks, so the two banks also began to To collect debts from the Cardinal family.

Facing strong pressure from the outside and within the family, Evan Cardinal had to come to the Huntington Bank Building for negotiations on Sunday.

Both parties take their seats.

Wang Guanxi said: Mr. Cardinal, I plan to acquire the controlling stake of Cardinal Health Group. You hold 25% of Cardinal Health Group's equity, 10% of which are Class B shares. I plan to acquire The Class B shares in your family’s hands!”

Now that Evan Cardinal is ready to die, Wang Guanxi directly stated his purpose.

Evan Cardinal thought for a long time and said, Mr. Wang, Cardinal Health Group is a family business of our Cardinal family, and it is impossible to sell it to you.

Wang Guanxi smiled and said: Mr. Evan Cardinal, I know your position is about to explode, and you don't pretend to be calm anymore. You currently hold at least 500,000 long orders on the Dow Jones Index, and it will explode soon. Position, think about it, if your account is liquidated, how many points will the Dow Jones index drop?

I tell you, it can definitely fall by more than 300 points, and the 8000 position is still a key position. If it falls below this point, the bulls will be defeated. When the long orders in the account are liquidated, the Dow Jones Index may fall by 500 points. A point!

Think about it, how much money will you lose?

Evan Cardinal sank into deep contemplation again, and finally said: Mr. Wang, it is impossible for me to sell control of Cardinal Health Group!