232 There is no way to negotiate a huge loss! The most panicked moment on Wall Street in 20 years!(1/2)
11 pm.
Wang Guanxi and Lin Xiaoyu have finished chatting.
At this time, the phone rang, and it was called by Huang Shaokai, a black shirt insurance company.
After answering, Huang Shaokai said excitedly on the phone: "Boss, the stock price of Aig Group has fallen to $200 per share."
The stock price of Lehman Brothers fell sharply last night, and the stock price of American International Group also fell sharply. The book profit of Blackshirt Insurance Company rose sharply, which was simply awesome.
"This time Blackshirt Insurance Company made a lot of money, Indian Industrial Trust Investment Bank, and Indian Private Pensions want to talk to us!"
This time, Blackshirt Insurance Company shorted 5 million shares of American International Group's shares, asking Indian Industrial Credit Investment Bank, Indian Private Pension, BlackRock Group, Citibank, and UBS Group borrowed 1 million shares.
However, now Indian Industrial Credit Investment Bank and Indian private pensions cannot bear it anymore and want to close their positions.
However, the stock has been lent to Blackshirt Insurance Company for shorting. If you want to close the position, the Blackshirt Insurance Company must first close the short order, buy 2 million shares of Aig Group's shares, and then return it to the Indian Industrial Credit Investment Bank and India's private pension.
Wang Guanxi asked: "What are we talking about? What are we talking about with Indians?"
Is this Indian arguing about what hell is going on?
I have been working on a black shirt insurance company again and again, are you doing something wrong?
Huang Shaokai said: "Boss, they want to close the position and agreed with us the price. They said the closing price was $190.00 per share, so we could close 2 million shares and return the stock to them."
This time, India's Industrial Credit Investment Bank and India's private pensions have suffered a lot from Aig Group. They want to negotiate with Blackshirt Insurance Company to let Blackshirt Insurance Company close the position.
For example, the current share price of American International Group is US$200.00 per share. If the Blackshirt Insurance Company closes its position, the stock price will rise by then, and the average closing price will be higher than US$200 per share.
But Indians are willing to settle the settlement at a price of $190 per share, as long as the black shirt insurance company closes the position and returns the stock to them, because they also plan to close the position.
Wang Guanxi naturally would not agree and said, "Mr. Huang, tell the Indians that we do not plan to close the position for the time being, let them wait for a while."
This Indian didn't talk about equity before, and twice blocked Blackshirt Insurance Company, one at Fannie Mai and the other at American International Group.
As a result, India's private pension suffered huge losses, and Tata Consortium suffered huge losses!
Now Indian Industrial Credit Investment Bank and Indian Private Pensions want to negotiate to let Blackshirt Insurance Company close its position and return the stocks to them, without any door!
Wang Guanxi has to wait until the stock price of American International Group falls into shit before closing the position, and return the stock to the Indians, so that they can watch their stock value continue to shrink.
"Yes, boss" Huang Shaokai immediately went to reply to the Indians.
Sandep Batra of the Indian Industrial Credit Investment Bank and Nehru of India's private pension learned about the reply from the Blackshirt Insurance Company, and immediately jumped up and cursed!
"These greedy Chinese people"
"Bastard, I don't know how to politely. Wait for us and settle the score with you sooner or later."
This black shirt insurance company is shameless!
They all put forward such generous conditions, settled with Blackshirt Insurance Company at a price of $190 per share, and asked Blackshirt Insurance Company to close the position immediately and return the shares of American International Group to them.
But the black shirt insurance company actually disagrees!
Sandep Batra continued to curse: "These Chinese people are really shameless things. This time they actually directly rejected our proposal. If we hadn't been worried that Lehman Brothers would go bankrupt and implicate American International Group, how could I have offered such generous conditions to close their positions!"
The Indian Industrial Credit Investment Bank owns 1 million shares of Aig Group, which I bought a long time ago.
I have always held it for a long time, with a position building at $600 per share, and now I have a floating loss of $400 per share, which is a floating loss of $400 million.
And American International Group has a close relationship with Lehman Brothers.
American International is the largest shareholder of Lehman Brothers.
And he also holds a large number of Lehman Brothers bonds.
American International Group and Lehman Brothers are grasshoppers on the same boat!
I thought Lehman Brothers would be acquired, but I never expected that Lehman Brothers' share price fell to $3.00 last night, continuing to set a record low!
The share price of American International Group also plummeted last night, falling to $200.00 per share.
The fate of these two companies is closely linked, but now Lehman Brothers is facing the fate of bankruptcy, so what about aig Group?
Once Lehman Brothers goes bankrupt, aig Group will suffer huge losses that are unbelievable.
The Indian Industrial Credit Investment Bank was really scared. The head of the Batra family in India, his uncle, asked him to sanitize the shares of the Aig Group and reduce losses.
But if the stock is lent to Blackshirt Insurance Company. If the Blackshirt Insurance Company does not close the position and returns the stock to him, he will not be able to close the position.
So he had to put aside his noble self-esteem and negotiate with the Chinese.
What’s so annoying is that the Chinese are so greedy!
Nehru also cursed: "This small black shirt insurance company is so ignorant, and he really takes himself seriously!"
This time, the chairman of India's private pension, Singer also called him to close the shares of Aig Group, but he could not close the position.
Because Aig Group's stock has been lent to Blackshirt Insurance Company to short Aig Group, only when Blackshirt Insurance Company closes its position, the stock can be returned to them.
So they wanted to negotiate with the Blackshirt Insurance Company to settle the settlement at a price of 190 US dollars per share, giving the Blackshirt Insurance Company enough face, but these Chinese people are too ungrateful.
As he said that, Nehru placed the cup on the table, and the tea splashed out.
I was so angry that sooner or later he would clean up the black shirt insurance company again.
At this time, the phone rang, and it was called by Ratan Tata, who had already returned to India.
I answered the phone and turned on the amplification.
On the phone, Ratan Tata asked: "Did the Chinese agree to close the position?"
This time he also plans to close his position.
Because Tata Consortium's increase in holdings of American International Group this time, it failed.
Especially their partner, Meisheng Group is also selling shares of American International Group.
Since Meisheng Group also intends to clear the shares of American International Group, their Tata Consortium will naturally not fall behind.
This time investing in ASI Group was indeed a bad and wrong decision, so Tata Consortium intends to admit its mistake and sell ASI Group's shares.
You should know that Tata Consortium had bought a total of 6.5 million shares of American International Group before, with a position building position of US$380.00 per share. Now it is losing 1.17 billion in its account, and the loss is very serious.
Now the Tata Consortium is also facing some crises, and it is necessary to withdraw funds and stop losses in time.
So Ratan Tata also wanted Blackshirt Insurance Company to close its position, and he believed that Blackshirt Insurance Company had shorted at least 5 million shares of American International Group.
If the Blackshirt Insurance Company closes its position, it is equivalent to buying 5 million shares of Aig Group in the market. Tata Consortium can also close its position, and it happens to hedge against the Blackshirt Insurance Company, which can reduce a lot of losses to Tata Consortium.
You should know that Tata Consortium holds 6.5 million shares of American International Group, although it has shrunk a lot compared to before, and is now worth $1.3 billion.
If sold in the market, it will be enough to keep the share price of the American International Group down a lot and cause Tata Consortium to lose more.
So what Ratan Tata thought of was Sandep Batra of the Indian Industrial Credit Investment Bank and Nehru of India's private pension. These two people first negotiated with the Chinese people about closing positions, and then their Tata consortium came to discuss.
At this time, Sandep Batra spoke: "Ratan Tata, these Chinese people are ignorant of their ruthlessness and reject our negotiation conditions."
Nehru also said in a cold tone: "These Chinese are so greedy, ignorant, and pretentious, and they thought they were just a good person. If we weren't rushing to close the position, how could we have offered a settlement condition of US$190.00 per share?"
When Ratan Tata heard this, he felt angry and said in his heart: "Cao, these Chinese people are shameless, what if I do? Sooner or later, I will pack up the black shirt insurance company!"
In this battle with Aig Group, Tata Consortium also suffered heavy losses in blocking Blackshirt Insurance Company. Now Aig Group's stock price is so weak that it may fall below $200.00 per share at any time. Ratan Tata is anxious!
He was more eager to sell Aig Group's shares than Sandep Batra and Nehru.
Because Tata Consortium holds 6.5 million shares of Aig Group, every $1 decline in the share price of Aig Group, Tata Consortium will lose $6.5 million.
Now American International and Lehman Brothers are grasshoppers on the same boat. Once Lehman Brothers has something, such as going bankrupt, American International may both go bankrupt.
At that time, the 6.5 million shares of stocks in the hands of Tata Consortium would be worthless.
Thinking of this, Ratan Tata was scared for a moment, and he said, "Continue to negotiate with the Chinese and let them close their positions when they share 180 US dollars."
Sandep Batra immediately said, "Okay, I'll try again."
Nehru also said: "One share settlement of $180, these greedy and ignorant Chinese people should agree."
Soon, the two contacted Huang Shaokai, the Blackshirt Insurance Company's ceo, again, but Huang Shaokai was very determined, without negotiating or closing the position, and the Blackshirt Insurance Company will continue to hold short orders of Aig Group.
This was so angering that Sandep Batra, Nehru and Ratan Tata were all pissed off.
"These Chinese people are so shameless."
"I don't know how to be proud of the world."
"This group of Chinese slags is really greedy. Bastards, sooner or later, I will beat you up."
The three of them were rejected by the Blackshirt Insurance Company twice. This time, they felt humiliated and humiliated, and were very uncomfortable. They secretly vowed that they would kill the Blackshirt Insurance Company and the Blackshirt Investment Bank if they had a chance!
Time passes slowly.
The fear of Lehman Brothers' bankruptcy is fermenting, and Wall Street has reached its most panicked moment in 20 years!
Lehman Brothers' lives are hanging on the line. In the eyes of many Wall Street people, the company with a long history of 158 years is close to bankruptcy.
Now in New York, USA!
The reporters came to the Lehman Brothers headquarters building on Manhattan Island in New York. The TV station's satellite broadcasting car was parked across the street, and several cameras were shooting at the gate, recording the expressions of Lehman employees at this moment.
Photographers of paper media hope to use their cameras to capture the "last time" of this Fortune World 500 company.
There were even tourists who were holding the cameras rushing over from Times Square not far away.
To be continued...