Vol 5 Chapter 152: £24 billion evaporated in 1 hour

Shen Jiannan's words made William secretly roll his eyes. He really didn't understand the fun of short selling in a listed company.
Of course, if he knew that many listed companies in the Hong Kong stock market were later jointly attacked by Wall Street and the British, and that a company's market value could be evaporated by more than 90% in one hour, then he would be really happy.
However, Shen Jiannan did not make a mistake at all. There is hope that makes people more desperate, and when hope becomes despair, that kind of despair will completely collapse.
"Six billion pounds. This is a lot of money. Now, Sechel Industries Group has a huge risk. We should not bear this risk."
"Although in accordance with the additional terms of the contract, we have the right to resolve the crisis as the first responsible person when responding to a crisis."
"Mr. Redmelin, what do you think?"
"..."
Bank of Bahrain.
Following the call from Sechel Industries Group for help, President Sam Redmelin had to notify the board of directors. After all, he would not be able to mobilize one billion pounds again.
But uncharacteristically, the members of the board of directors were not optimistic about the future of the Sichel Industries Group. Instead, they asked Sam Redmeling to pay attention to the risks they were facing.
The meaning of the board of directors is very clear, as the president, what can Sam Redmelin do.
Love Sister-in-law, David!
"I understand. According to the Bank's Risk Control Regulations, we have the right to deal with the crisis by closing part of the shares of Sechel Industries Group."
"Very good. As long as you understand."
"..."
As the calls from various countries hung up, Sam Redmelin glanced at Seth Bacon, who nodded, picked up the phone of the trading department and dialed out.
"Thomas. Now, selling 30% of the shares of Sechel Industries Group at the market price will cause the stock price to fall? No, it's not our business. We also need to control risks."
"..."
"They will definitely agree."
"Will!"
"Trust me, I have a very good relationship with Sam Leylin, and I even met my sister-in-law."
"..."
Sechel Industrial Building, Birmingham.
David Sechel and several board members sat in the securities department's conference room hopefully waiting for the reply from Baring Bank, and tried to calm the mood of the chairman and other major shareholders.
But unfortunately, compared to Norman Lamont's face not flushing or beating when facing the camera, David Sechel's body movements and expressions deeply betray his heart.
There was an abnormal blush on his pale face, and there was also a kind of panic that anyone could see in his brown eyes.
Everyone knew that he didn't have any confidence in what he said.
What does the bank do?
These people don’t know about the presence of banks in other places, but British banks have always had a rule of survival. Borrow umbrellas on sunny days and collect umbrellas on rainy days. The icing on the cake is fine. God blessed it already.
Old Sichel knew his son better than anyone else. Seeing David Sichel almost collapsed with fear, he sighed helplessly in his heart.
"David. At this time, can you tell me what is going on!"
"I don't know, I really don't know. As soon as the market opened in the morning, I felt something was wrong. I called you immediately and arranged for the Securities Department to stabilize the stock price, but I didn't expect the market to collapse so quickly..."
"Don't you really know? Speak out, maybe we still have a chance."
"Really...I really don't know."
"..."
Seeing his son's cowardly and fearful look, old Sichel's eyes showed a deep disappointment.
Although David Sechel did not admit anything, how could he fail to see that at this last moment, his son was still thinking about shirking responsibility instead of grasping all hope.
He probably felt his father's disappointment, and David Sechel, who almost cried out, collapsed completely. Like a child, he collapsed on the ground and started crying.
"Father. I'm sorry, I really didn't expect this to happen. I just wanted to have a good relationship with the Baring Bank, but I didn't expect...that would offend the oriental and demon. He must have done it. "
"Oriental?"
An ominous premonition arose, and Old Sechelle stood up from the chair with a sudden.
"That's the Shen Jiannan. Yesterday I attended the opening banquet of Jiuding Bank with Sam Lelin... Sorry, father, I really didn't mean it."
"..."
In an instant, old Sichel's blood pressure went high, and he lay on the table in pain, clutching his heart.
Others may not know what Shen Jiannan did in the UK. As a close friend with Norman Lamont, he deeply understood what the devil from the East did in Europe.
Bell Bell Bell
The harsh telephone ringing suddenly rang.
As if caught the last straw, the crying David Sechel got up from the ground and grabbed the phone.
The call was from the Bank of Barings, and it was also Sam Redmelin, a good friend of David Sechel, who said in a very sorry tone: "I love Mossori."
boom--
As if a thunderbolt exploded in his head, Sam Redmelin's tone was very low and full of sincere apologies, causing David Sechel to shiver and drop the phone to the ground.
Fortunately, the quality of the phone is very good, and it is buffered by the phone line, and it is not broken.
"David. I have done my best."
This is not true.
This must not be true.
Like self-hypnosis, David Sechel quickly grabbed the phone again.
"Sam, you're joking with me, are you right. You will definitely help me, right? Uoo-Sam, you have to help me. If you don't help me, Sichel will be over."
"I'm really sorry, but what the board means. We must be responsible for the investors. You..."
Probably because he knew what he was going to say was too cruel, Sam Redmelin really couldn't tell the final decision of the board of directors, he could only change it to a more euphemistic one.
"You have to be prepared. I'm really sorry, David. However, this is not my decision."
"..."
It was the president of Sechel Industries Group. Although Sam Redmelin didn't say it clearly, David Sechel understood what he meant.
So, David Sechel completely collapsed.
"Asshole. You assholes, you bankers are all robbers. Do you know that I was all because of you yesterday, but you are now robbing when it is difficult to write Cheer~EbookFREE.me ~Damn it, go to hell. Damn robbers, devil...I curse these robbers to all the way..."
boom--
Toot toot
Listening to the beep on the phone, Sam Redmelin gave a wry smile.
In some respects, their bank is indeed a robber. At this time, if you give Sechel Industries some more time, maybe they can get through this crisis together, but now, the bank wants to sell their stock. To avoid risks, even if God comes, it will not save the current Sichel industry.
Soliciting dogs, my friend.
After adjusting the buttons on the suit, Sam Redmelin yelled, "Seth. How many losses did we recover?"
"Billions!"
Taking a look at Sichel Industries, which has fallen to £1.26, Redmelin had to remind him.
"It's too slow. They owe us sixty pounds. I think the risk must be kept within our tolerance."
"I know."
"..."
Sichel Industries Group
1.23 Sell 100000
1.2 Sell 12222222
1.05 Sell 11111111
As the major shareholder of the Sechel Industries Group, the shares held by the Sechel family are terrifying. With the Bank of Bahrain’s risk control at no cost, the shares of Sechel Industries were sold on the market. In just 30 minutes, the Sechel Industries The group's price dropped to 035.
The major shareholders are gone, who can take such a large plate.
At the close of the morning, a staggering number remained on the board.
Sichel Industries, 0278, 8789.