Chapter 1293 Money Problem Nowhere to Turn

As the saying goes, a penny stumps a hero. While GM's shareholders are hardly heroes, it's clear that they, too, are troubled by money.

Because it's not about a little money. If this is a question of millions, tens of millions, or even hundreds of millions, then it will not be a big problem for these wealthy shareholders. But the problem is that this is not a problem that can be solved by hundreds of millions or billions. The funds involved in this are almost tens of billions to hundreds of billions. Faced with such a figure, even these wealthy shareholders are powerless.

They have a lot of money in their hands, which means that the money is mostly shares, the sum of various assets, and the like. In this era of inflation, not many people can come up with such a large sum of money, unless his family has a bank. And even if you open a bank, it will be very difficult to take out such a large sum of money rashly.

And the most important thing is that there is no return for the money invested. Tens of billions of dollars were poured in, just to lift their stock prices back to their original positions. There is not a single penny of interest in it. They have paid so much, but in the end it is actually just a waste of money.

Although it is noble to say that sacrificing the small self to achieve the big self, it is definitely something these shareholders are unwilling to do. They are not that noble yet, so immediately, someone loudly objected to this opinion.

"Hell, throwing tens of billions into the stock market for nothing, just to pull the stock back. How is this possible! Do you think we have so much cash? Or do you think we can be crazy enough to sell everything we own, just for us This company. Seriously, I'd rather the company be what it is than do something like this idiot. We'd lose even more than what we're losing now if we did what you're saying. In the end, even if the company is saved by us, we may go bankrupt. You don't think we can be charitable to such a degree, do you?"

The biggest worry of the rich is bankruptcy. He lost everything he had now and became a penniless person. At the moment, although the market value of General Electric has plummeted, even the stocks in their hands have also dived into the water. But the huge loss was shared by them after all, so although the loss that was calculated on their heads was considered traumatic to them, it was not enough to kill them.

However, once they filled the hole, the loss would be doubled for them. And in the face of such a double loss, it is simply not something that can be explained clearly. It was killing me, literally killing me.

Capitalists have never been a united and friendly thing, there are only naked conflicts of interest between them. If it is beneficial, they can still chat with each other with a smile, hello and me. But like this kind of harm that kills them, even if those guys because of General Electric say they are dead, it is impossible for these capitalists to be moved in any way.

A dead friend is not a poor Taoist,

This kind of unlucky reminder, let's not lead us into the pit.

This is not the idea of ​​one person, but the idea of ​​the vast majority of shareholders. Although they feel sorry for their losses, it is impossible for them to do stupid things just by being fooled by those major shareholders. And seeing these shareholders have such an attitude, the major shareholders behind General Electric are in a hurry.

Generally, when such turmoil occurs in the stock market, it is either a blow from a hostile company or someone wants to hostilely acquire them in such a way that hurts both sides. This kind of method is common to them, so naturally they also know what the final result will be. If this continues, maybe the entire General Electric will change its name and become someone else's industry. And this is something that these major shareholders do not want to see. So immediately, they emphasized it again.

"Don't forget, everyone. This is our facade. Everyone is a business partner in the Morgan consortium. You should be aware of the importance of General Electric to Morgan. If it has been acquired by someone else, it is your reason. , do you think those high-level executives in Morgan will let you go easily? We can't run away, and you can't run away even more. So instead of waiting to be settled by the upper-level people, why don't we think about it now, how can we solve it? My immediate problem. Isn’t it money? As long as the property in everyone’s hands is still there, will you still worry about money?”

The major shareholders did not give up the idea of ​​letting all shareholders pay to solve the problem, but his statement is impossible to impress the ideas of these shareholders.

"Money is not a problem, but such a large amount of money must be a problem. Gentlemen, let's be honest. We can't pay for such a large amount of money. You don't think we can. However, since this is Morgan I think we might have other ways to go about it. How about a bank loan? If it’s a JPMorgan bank, the money might not be a problem.”

Morgan is rich, everyone knows it. Companies like General Electric, which are under Morgan's umbrella, are combined, and Morgan's assets are definitely over trillions. But, still that sentence. These are assets and cannot be converted into actual cash used in the story. Although there are quite a few banks under their names, it is by no means an easy task to use such a large amount of cash.

Besides, although General Electric and other Morgan companies are brothers, they are still different after all. Therefore, even Morgan's bank is absolutely impossible to lend tens of billions to General Electric casually. After all, its market value is there. It has evaporated nearly 100 billion out of thin air, and now it probably has no bargaining chips to go through the formal process and borrow the cash it wants from the bank.

He can only go through another procedure, and the major shareholders are absolutely aware of what this non-bank procedure means.

To use other people's hands to fill this hole is definitely to hand over one's fatal weakness to other people's hands. Don't think that everyone is friends at this time, and they are all brother companies under Morgan, but if there is a chance to swallow General Electric, these brother companies will never show mercy. Taking advantage of the fire to rob and add trouble to others, their methods are not uncommon. So even if their minds are about to be set on fire, the major shareholders don't plan to take such a path at all.

Sometimes it is not terrible to lose to the enemy, but it is the real shame to be plotted by one's own people. The major shareholders at this time also think so, so they don't intend to give others this opportunity to secretly kill. So they immediately fell into a situation where they couldn't do anything.

Suppress stock price, hostile takeover. This is a desperate plan, and the fight is whoever has the most money. Although it's ridiculous, judging from the current situation, General Electric, a big company with a deep foundation, really doesn't have as much cash as the dragon in the stock market. This made them really puzzled, because such a large sum of money really couldn't be gathered by anyone.

In the financial stock market, only financial tycoons like Soros can use such a large amount of money, but even such a guy can only accumulate such a large amount of money with the support of big capitalists like them behind the scenes of. At best, they can only be regarded as traders, and the real backers are still these big consortiums.

This is the usual method of the consortium, but now they, the standard members of the consortium, are being targeted by such a method. This made them really puzzled and incomprehensible. And what they can't understand the most is where the money came from.

As members of the Morgan consortium, although they are a bit battered now, when it comes to contacts and channels, they have not lost a cent. They only need to make a few phone calls, and they can get the news they want to know from many places. And the more this happens, the more confused they become. Because even if there is news, they still have no way to know what they want to know.

Several major banks have stated that they do not have a large number of property mortgages and loans. And those familiar big companies have also stated that they do not have such a large cash flow. Now it seems that the only suspect is the Osborne Group, but the people at the bank have also proved for the Osborne Group that the funds they mobilized have not yet begun to flow.

Even the funds have not started to flow, so naturally it is impossible for the Osborne Group to do it. Moreover, their suspicion is indeed not that great. Because although the Osborne Group is a little stronger than General Electric, it is really limited. In a stock market war like this, their background cannot be fought at all. Because at present, General Electric in the stock market has evaporated nearly 100 billion in funds. Although the money will eventually be counted on General Electric, they are the ones who are currently paying in advance. And if the Osborne Group was on that side, he would already be facing a financial crisis.

It is a big enterprise, not some capitalist engaged in finance. The most important thing in their hands is not money, but those industries. Even a crazy person would not be able to take out his own property for such a gamble. General Electric itself is also a heavy industry company, so he knows very well that the Osborne Group will not do this.

So, who could it be? Huge doubts appeared in the minds of these major shareholders. And soon, they got such a news.

"We have found the source of the funds. All the funds have flowed in from abroad, and large foreign banks have stepped in. ICBC and BOC have used hundreds of billions of funds, and they are still continuing."