Chapter 503: 188, Opinion Fermentation_4 Chapter 503: 188, Opinion Fermentation_4 “It’s good that you think that way,” the old Rockefeller nodded approvingly and then asked, “What has Donnie Block been up to these past two days?”
“He’s been at ABC headquarters all this time, no real moves, probably raising funds,” the younger Rockefeller reported.
“Have banks like Mellon, Morgan, Goldman Sachs, Merrill, and Breton been contacted?
Has Donnie made any loan applications to them?”
“No, I call them daily, and none have heard from Donnie.
Moreover, I’ve called some other potent banks, and they also don’t have any information in this regard,” he said.
At this point, the younger Rockefeller expressed his concern, “Dad, I believe Donnie must have been the last to know about this.
It’s really a contest of funds.
But why hasn’t he taken out any loans yet?
Could he have other sources of income?”
The old Rockefeller thought for a moment and said, “I believe what Donnie is doing now is looking into Barry Company’s situation.
As for the financial aspect…
there are still five days until ABC goes public, he probably hasn’t felt the urgency yet, or he thinks he can resolve the issue through negotiations after getting clear details on Barry Company.
As for the financial aspect…
he must believe he has other ways to get money, but we have eyes on all those channels.
If Donnie dares to use the profits from his private liquor business, then he stands to lose a lot!”
The cash flow from Donnie’s private liquor business, apart from what he lent to Walker, surely had some left, but the funds from the liquor business haven’t been properly laundered yet.
If he wants to launder it in a short period, it will cost Donnie even more money.
“How have you been getting on with Nucky?”
the old Rockefeller suddenly asked.
“Very well, Nucky is also quite wary of Donnie’s current developments in Atlantic City.
Though not explicitly stated, I can sense that Nucky is now feeling strong regret,” the younger Rockefeller reported.
Offer some benefits to get Nucky to keep an eye on the accounting issues at Surf Hotel.
If Donnie wants to launder the money from his liquor business, he would need to channel it through Surf Hotel.
As long as we monitor this closely, we can know Donnie’s financial preparedness!” the old Rockefeller instructed.
“Understood!” the younger Rockefeller nodded and then said, “Dad, there is one other thing, companies like Morgan and Mellon are voicing some minor concerns over supporting us this time, do you think we should call them again?”
Old Rockefeller let out a cold chuckle, “These people just want to gain some benefits, don’t worry about this matter, I’ll call them myself!”
Now, the whole of Wall Street is paying attention to this matter, and the “Atlantic City Post” statement regarding ABC was quickly known across Wall Street.
“Why do I feel ABC’s statement is somewhat perfunctory?” someone questioned after reading ABC’s declaration.
In fact, this wasn’t just one person’s thought; most people had the same idea.
In the statement, ABC denied Barry Company’s analysis of ABC and emphasized explaining the use of Atlantic City Broadcast’s advertising expenses as an ordinary corporate dividend behavior by Donnie.
Furthermore, Donnie didn’t take away these funds completely; he distributed the dividends to General Electric according to the company’s share allocation.
The statement also outlined ABC’s current situation, noting that although ABC had spent a considerable sum acquiring exclusive broadcasting rights to multiple sporting events, advertising revenues for ABC had risen sharply as a result.
In summary, the statement asserted that ABC was a financially robust company.
Despite addressing many issues, the statement struck people as, no matter how you look at it, a fairly conventional explanation.
Clearly, this matter had grown beyond the point where it could be resolved with a conventional statement.
Though no one knew exactly what they wanted to see, they understood they actually wanted to witness content that seemed explosive at first glance.
Thus, such content did not have much of a positive impact on ABC’s current situation.
While many were dissatisfied with the “Atlantic City Post” statement, more unfavorable news about ABC emerged.
Goldman Sachs Company suddenly issued a statement through “Wall Street Journal”: Considering an investigation of ABC Company’s circumstances, our company has decided to terminate its stock underwriting contract with ABC Company, but Mr.
Donnie Block remains a shareholder of our company!
A simple sentence sent shockwaves through Wall Street.
It was known that Goldman Sachs had already signed an underwriting contract with ABC beforehand.
Now, by unilaterally breaking the contract, even with penalties involved, the sum would be significant.
More importantly, such an action could cause many to view Goldman Sachs as a company without credibility.
Still, Goldman Sachs chose to dissolve its contract with ABC at this time, which spoke volumes!
“Could there truly be a problem with ABC?”
If before, speculation was that someone was targeting ABC and this was limited to normal business competition, now the situation suggested that ABC honestly had issues.
Otherwise, why would Goldman Sachs take such an action now?
Suddenly, countless media reporters sought out Seymour Sacks, the president of Goldman Sachs, hoping to learn specific details from him. Nᴇw ɴovel chaptᴇrs are published on ɴoᴠel Fɪre.nᴇt
Facing the inquiries of many media outlets, Seymour Sacks stated: This decision was made purely based on Goldman Sachs Company’s own interests and is unrelated to other matters!
Such a response, of course, did not satisfy the many journalists; they wanted to know more.
But on other questions, Seymour Sacks just shook his head, indicating he couldn’t disclose further!
Massaging his head, Seymour Sacks returned to his office where his son, Walter Sachs, was waiting.
“Dad, this matter is because of me, making you give up profits that were within reach!” Walter Sachs said with some guilt.
Seymour Sacks sat on his sofa and sighed, “I’m getting old, and the future development of the company is your responsibility.
My most important duty now is to help you smoothly take over as president of Goldman Sachs.
the United States isn’t only about Donnie.
If through this, we can gain the support of the Rockefeller Family, we will have more opportunities in the future, and you can smoothly become the president of Goldman Sachs!”