Chapter 684 The most short squeeze in history (9)

  The two people who were supposed to be in a hurry entered the meeting room talking and laughing with each other, like a pair of old friends for many years. This made everyone stunned, and secretly admired the depth of the city of these two old foxes.

   "Hey, Alan, I didn't expect you to be here!"

  Soros stepped into the venue, took a quick glance, and saw many familiar faces, feeling quite proud. Just when he was about to take his eyes back and sit down, he found Alan Howard sitting in the corner with a bit of surprise on his face, and couldn't help but joked.

   As a top hedge fund in Europe, Blevin Howard Asset Management Company has little contact with the top hedge funds in the United States, but they are both peak existences, and their names are so big that they cannot be ignored. As managers and founders of two top hedge funds, Soros and Howard also have a sense of sympathy.

However, Alan Howard was not in the mood to deal with Soros' teasing. He snorted and replied angrily: "George, aren't you here too? Why, where you are allowed to appear, I am not allowed to appear ?”

"Of course not!" Soros laughed, not at all displeased by Alan Howard's unfriendly attitude, "I just didn't expect the famous Brian Howard to be forced short, which really surprised me It was unexpected. I originally thought that there would always be a smart manager who would see this scam, but I didn't expect that you, Brevin Howard, would also be tricked, which is really disappointing!"

  After Soros told the story of the scam, a trace of gloom appeared on the faces of Wolfgang Porsche and Weidekin. The two looked at each other and sat silently at the far right end of the round table. Since the hedge fund managers are sitting on the other side of the oval table, naturally this side is reserved for them.

   As for the middle position, it is naturally reserved for the people of the Frankfurt Exchange.

"What's so disappointing about this? You make it sound like you're an ever-victorious general!" Alan Howard's dissatisfaction grew a little more, and his words became even more blunt, but when he thought about it, a strange smile appeared on his face. He said softly and kindly, "But George, you are really amazing. In two days, you were able to create waves of psychological warfare on the board and play with everyone. I have to say, you What a **** genius!"

The two bosses were bickering, and other people were happy to watch their jokes, including those who connected remotely. They were either smiling or meditating, but in their hearts they all had the mentality that watching the excitement is not a big deal . But when Alan Howard said these words, the faces of the hedge fund managers who had chosen to stay out of the matter just now all changed, and they could no longer maintain that indifferent attitude.

   "So he was playing tricks?"

   "I said that there is something wrong with the strange disk, but I didn't expect it to be the Quantum Fund!"

   "No wonder he was talking and laughing with Wolfgang Porsche just now. Maybe this is a trap set by the two of them!"

  …

  Everyone had different thoughts, and the way they looked at Soros became strange.

What kind of person is Soros? He took a quick glance at everyone's reactions and said seriously, "That's right, I did the tricks on the board. But I'm also a victim of being short-squeezed. Otherwise, I wouldn’t be sitting with everyone today. There’s nothing unconvinced about my skills being inferior to others, and I believe everyone knows the reason for willing to bet and admit defeat.”

  He admitted it so generously, without any intention of hiding it, and then hinted that other people waited for a low level of trading, which made many people very angry, but there was no way to refute it.

   "Sorry, I'm late! Seeing that everyone is discussing very enthusiastically, I don't know if there is a solution discussed?"

   Just as the audience was silent, Kurt William Cole, the president of the Frankfurt Stock Exchange and the convener of the meeting, walked into the venue calmly. As soon as he came in, he glanced at everyone forcefully, and then said lightly, "No matter what, today's matter must be completely resolved."

   Silence! What responded to him was deathly silence, and no one, including Soros, spoke.

   "Everyone is a gentleman!"

Kurt William Cole chuckled lightly, with a sarcastic expression on his face, but the next moment his face became stiff, and he reprimanded unceremoniously, "Gentlemen, do you know that this time the matter was brought to the Exchange, How much harm will it even bring to the Federal Republic of Germany? Among other things, if there is a default, the Frankfurt Exchange will basically not be able to operate. Our bankruptcy is a small matter, but it affects the financing of German companies. Here Before, I have consulted the state government and the federal government, and they both instructed to negotiate a solution today. If the negotiation fails, I can assure you that the consequences will not be bearable by everyone here."

  As soon as his words came out, everyone present immediately felt a strong pressure rushing towards their faces, which made their breathing a bit short and unnatural. Even though the managers in front of the screen could not feel the atmosphere of the scene, this invisible strength and coercion still hit their hearts directly through the screen, making their hearts beat faster suddenly.

   "Okay, I've finished my words, and it's time for you to negotiate freely!"

   After Kurt William Cole finished speaking domineeringly, he looked at everyone's reactions and was very satisfied. He nodded slightly and walked out of the meeting room with his head held high.

  It took only five minutes from his appearance to his disappearance, but it had already set the tone for this negotiation, and no one present dared not listen to his words. In order to avoid getting involved in disputes of interest and other issues, Cole is also very clear that the specific plan can only be negotiated by the long and short sides.

  After Cole went out, he also took away his coercion, and the atmosphere in the venue suddenly relaxed a lot. Wolfgang Porsche first said: "Gentlemen, I believe you have heard what I said just now. Of course, our Porsche Group is very sincere to help you out. Now we can have a good talk about how to deal with this matter." gone."

   "What to do? It's not easy!"

  A not-so-famous hedge fund manager said first, "Porsche Group owns so many shares of Volkswagen Group, as long as they sell us a little bit and let us close the position smoothly, all problems will be solved."

   "Yeah, that's the truth!" The other hedge fund managers echoed.

"Of course, there is absolutely no problem!" Wolfgang Porsche smiled and said nothing, but the CEO Wei Dejin beside him said with a smile, "But there is only one question, why did you choose us instead of Volkswagen Group? Knowing that they also have a lot of shares on hand, wouldn't it be more convenient to borrow from them?"

  As soon as this remark was made, the faces of all the people present immediately changed. Naturally, they are well aware of the grievances and grievances between the Porsche Group and the Volkswagen Group, and all of them came here for this acquisition. Now that the other party has broken his mind, one can imagine the embarrassment on his face. Everyone fell into silence for a moment, not knowing what to say.

   What's more, the stocks they have on hand are borrowed from the management of Volkswagen Group. In this case, it is impossible for them to buy stocks to close their positions.

   "Mr. Wei Dejin, your statement is actually not accurate. The Volkswagen Group does have stocks, but we are more optimistic about your prospects of joining the Volkswagen Group, otherwise everyone here would not be thinking about giving you cash today!"

  Among the crowd, only a few remained relatively calm and calm, and Soros was naturally one of them. He knew very well that there was no way to obtain his position from the management of Volkswagen Group, so he naturally cut off the idea of ​​this. Besides, the Porsche Group is the instigator of this multi-squeeze. Only when they let go can he have a chance to get out. Therefore, after pointing out the meaning of Wei Dejin's words, he used cash as a hint, hoping that the other party would be lenient.

  Weidekin just wanted to embarrass these vultures. As a representative of the real economy, it is impossible for the Porsche Group to compete with the will of the German government. Both he and Wolfgang Porsche understand this, which is why they are here today. Seeing that the short side wanted to admit defeat, he naturally accepted it as soon as it was good.

"Is optimistic about our prospect of acquiring the Volkswagen Group?" Wei Dejin snorted, obviously not agreeing with Soros's statement, but it is meaningless to dwell on these details now, and he continued, "Everyone here, how many stocks do you need to close your positions? Don't worry. Let’s make a statistic first. If it is within our tolerance and does not affect our acquisition plan, we Porsche Group can agree now.”

   "What about the price?"

   Alan Howard, who had been silent all this time, was moved in his heart, and blurted out, "In terms of price, don't we need to negotiate?"

   "Don't worry!" Wedekin glanced at Alan Howard meaningfully, with a sneer on his face, "We'll talk about the price when the shares that need to be closed are calculated."

  Alan Howard's heart "thumped", and he felt a little heavier for no reason.

  During the conversation, some staff members began to count the shares of various hedge funds that needed to be liquidated. It didn’t take long for the figure to come out. A total of 18.72 million shares of Volkswagen Group’s short positions needed to be liquidated, accounting for 4.8% of the total share capital. What shocked everyone was that 1.9% of Soros's Quantum Fund alone needed to be liquidated, accounting for almost half of the short sellers.

Facing everyone's surprised eyes, Soros acted calmly. He spread his hands and said with a chuckle: "Gentlemen, I believe you have seen that Quantum Fund has the largest share of short positions. If there is no objection, I will How about negotiating with the Porsche Group on behalf of everyone?"

  Basically no matter who comes to negotiate, it is impossible to bypass Quantum Fund and Soros. Rather than wasting time by dispersing negotiations, it would be better for Soros to negotiate in person. Everyone quickly figured out the joints, and nodded subconsciously, so a temporary alliance was reached.

"For a 4.8% share, the Porsche Group only needs to sell 5% of the shares. Among them, 4.8% of the shares will be traded to us for closing positions, and the other 0.2% will be used to restore market liquidity. How about such a proposal? ?” After getting the authorization from everyone, Soros pondered for a while and came up with such a plan, “In addition, all of us here owe you a favor and will no longer interfere in the Porsche Group’s acquisition of the Volkswagen Group. I don’t know if Porsche Sir, what do you think of Mr. Wedekin?"

   "Favours? Hey, we have so many options, do we still need your favors?" Wei Dejin said bluntly, "5% of the shares is no problem, but this favor, hey, let's get rid of it."

  Wei Dejin's words greatly offended people, and many people showed anger on their faces. You must know that these people are united, and the assets on hand are dozens or even hundreds of times that of the Porsche Group. But in this case, everyone is like fish on the chopping board, and they are slaughtered by others, so it is naturally inconvenient to refute anything.

  Soros was also furious in his heart, but his expression was still smiling, "In terms of price..."

   "1000 euros per share, non-negotiable!"

  Wei Dejin impatiently dropped a word, then stretched his face and ignored everyone.

   Thanks to the book friends for letting me think about it, and to vote for the monthly ticket! I hope you will continue to support me, thank you very much~

  

  

  (end of this chapter)