William Mellon exclaimed, "Donnie, when did you get in touch with Morgan, and why are they on your side? You know, the two of us have been together all these days!" The most update n0vels are published on NovᴇlFɪre.ɴet
Donnie, holding a wine glass and facing Walker, smiled and said, "I have to thank Walker for this. He has been in touch with Morgan these past few days. However, before this, Morgan's attitude had been ambiguous. But when they saw the last 'bomb' we provided for the Sinclair Oil Corporation, they knew the collapse of Sinclair Oil was now an inevitable event!"
In such a situation, they naturally made the decision that was in the best interest of their company!"
Walker laughed heartily, "I was merely the messenger; the real decisions were made by you. I dare not take credit for this achievement!"
Everyone made light-hearted jokes, but in fact, the plan of action had been explained in full, except for Donnie's final step.
First, Donnie contacted Mellon Bank and borrowed eight million US Dollars, and he also secured a loan of a matching quantity of stocks from a brokerage house, beyond the margin, ensuring an absolutely safe quantity of stocks in Donnie's hands.
Second, Donnie hired Jesse Livermore and used Jesse's reputation on Wall Street to draw everyone's attention to the matter.
Third, the appearance of Helen not only made it clear to everyone on Wall Street that the man behind this was Atlantic City's Donnie Block, but also informed many of the association between Donnie and the Taft Family, ensuring that the game was played within a set of rules, with no one able to use any unfair tactics from outside the circle.
Fourth, aside from Jesse Livermore's trading seat, Donnie instructed Walker to contact other brokerage houses to create the impression of a crisis in Sinclair Oil Corporation's stock prices through anonymous transactions.
This triggered a panic among retail investors.
Fifth, "Atlantic City Post" and Atlantic City Broadcast began their offensive, showing all of Wall Street, especially the power of Atlantic City Broadcast. In a short time, it caused Atlantic City Broadcast to rise in valuation from the original thirty million US Dollars to fifty million US Dollars.
This also provided Donnie with a more significant bargaining chip for subsequent negotiations with Morgan!
Sixth, it was crucial to keep Harry Sinclair always hopeful that he could win, thus repeatedly mobilizing Harry Sinclair's cash flow rather than both sides coming to an immediate head-on confrontation. Given the market value of Sinclair Oil Corporation and Harry Sinclair's influence, they could easily mobilize a large amount of cash in one go, and if that were the case, Donnie's eight million dollars borrowed from Mellon Bank would not have had the effect it now had.
Seventh, precisely because Harry Sinclair frequented and repeatedly borrowed even though the amounts were small, the frequency led those behind him to subconsciously believe that Harry Sinclair was already on the brink of collapse. For such a man, who had lost his reason, it was impossible to gain more people's support.
Eighth, the aforementioned tactics were interlocking, forcing Harry Sinclair to be too busy dealing with all the matters at hand to tend to anything else, thus losing his last chance to borrow a significant sum during this mid-war period.
It wasn't until the very end when Donnie sent Walker to discuss a partnership with Morgan.
By this time, everyone understood that Harry Sinclair was essentially on the verge of failure, and Morgan, for their own interests, would not help Harry Sinclair at this point. They might even be the last to push Harry Sinclair into the abyss.
Because only by doing so would it be most in line with Morgan's own interests.
While these steps in the plan seemed simple, each one encompassed a consideration of current stock trends, human psychology, and changing circumstances.
Therefore, each step had to be carefully executed, as any issue could potentially lead to the failure of Donnie's entire plan.
Even so, actions outside of the plan by John in Atlantic City toward Harry Sinclair were likewise crucial.
If not for the humiliation Harry Sinclair suffered at the hands of John and Dwight, Harry Sinclair would not have completely lost his reason and furiously clashed with Donnie these past two days.
In fact, the progression of the past two days was supposed to take at least four days according to Donnie's plan.
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But because of John and Dwight's actions, the time was shortened!
In that case, John and Dwight's behavior had merit, but Donnie didn't reward them. Instead, he confined both men; Donnie still hoped that he would control everything!
While they were chatting, Steve Cotting came in to report to Donnie, "James O'Neal and Robert Stewart have arrived."
"Please take them to another room; I will go there now!" said Donnie to Steve Cotting.
William Mellon was the first to stand up, saying, "I'll come with you!"
Donnie glanced at William Mellon and, knowing the latter's concern about another possible partnership with Pan America Oil, decided to take him along.
By now, Donnie no longer worried about anyone knowing about his cooperation with the Mellon Consortium.