America 1919-Chapter 808 - 277. Regained Sinclair Oil Corporation
Chapter 808: 277. Regained Sinclair Oil Corporation
Archibald Roosevelt did not set out for Europe and then detour to the Soviet Union.
Because the Soviet side already knew the news!
“How could they possibly know this so soon?”
After hanging up the phone, Laze Madison was furious, and most crucially, amidst this rage, he was also profoundly fearful.
Yes!
It was fear!
As a professional manager, Laze Madison definitely had some assets, but these assets were only relative to ordinary people. In the face of the giant Sinclair Oil Corporation, Laze Madison’s assets seemed somewhat insufficient!
Therefore, Laze Madison bought shares in Sinclair Oil Corporation through bank loans!
This was the same maneuver as Dick buying shares in Breton Bank, but the difference was, Breton Bank belonged to Dick… at least for now, so Dick could still cover up this matter through his own position.
Laze Madison was not so lucky!
As long as Sinclair Oil Corporation’s stock price falls below the mortgage value, the bank would then demand Laze Madison to repay these loans!
If he couldn’t pay back, the stocks would be forcibly auctioned by these banks, and Laze Madison would be left with nothing!
Archibald Roosevelt’s expression was also not very good; the Roosevelt Family is not merely a simple political family, they also have their own business.
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Firstly, they can easily find high-paying jobs in various financial groups by leveraging their family status.
Just like how Archibald Roosevelt could now directly become the vice-president of Sinclair Oil Corporation.
Secondly, the Roosevelt Family has its own business, such as their shipyards, and they are also major landowners in the United States, dealing specifically in coffee beans.
But Archibald Roosevelt cannot represent the entire Roosevelt Family, and the entire Roosevelt Family would not possibly allocate all their capital to Archibald Roosevelt for purchasing Sinclair Oil Corporation.
Thus, most of the shares Archibald Roosevelt bought in Sinclair Oil Corporation were also through loans.
It can only be said that the Roosevelt Family’s background would make Archibald Roosevelt’s situation a bit better than Laze Madison’s.
Now that the Soviet Union side already knew about the situation of Sinclair Oil Corporation, they would no longer consider cooperating with them under these circumstances.
This is what Laze Madison and Archibald Roosevelt are most worried about right now.
The Teapot Dome oil field scandal, coupled with the loss of the mining rights of the Baku Oil Field, these two issues are enough to lower the stock price of Sinclair Oil Corporation to a historical low!
“Calm down!”
After a brief moment of panic, Archibald Roosevelt sternly said to Laze Madison: “No one knows about this yet, what we can do now is to immediately inflate the stock price of Sinclair Oil Corporation, then sell our shares!”
This was the last resort Archibald Roosevelt could think of.
In this situation, saving Sinclair Oil Corporation was no longer possible, so they no longer thought about being able to take over Sinclair Oil Corporation.
As for how much this would cause others in the stock market to lose, they no longer cared about that!
After hearing Archibald Roosevelt’s analysis, Laze Madison immediately nodded in agreement, “Exactly, this is the only way now!”
Then the two began discussing seriously how to inflate the stock price of Sinclair Oil Corporation!
Unfortunately, by this time they had already fallen into a massive vortex, it was easy to get in, but impossible to get out!
Laze Madison’s secretary rushed into his office at this moment, bringing a piece of news that would devastate them both.
“ABC’s financial channel just announced the Soviet Union’s decision to terminate the agreement with us!”
Just when they thought they had reached the edge of the vortex, they collapsed onto the sofa.
“It’s over!”
Laze Madison felt as if his spirit and energy were completely drained at that moment!
Ding-ding-ding!
The phone on his desk rang, but Laze Madison did not have the courage to answer because he knew it must be from the bank.
His secretary gave him a look, and very wisely did not answer the phone for his boss at this time!
Archibald Roosevelt did not sit there any longer, he just slowly stood up and left Laze Madison’s office. His situation was not much better than Laze Madison’s, facing such a situation, he also had no other options left.
He needed to seek help from his family!
So Archibald Roosevelt directly left Sinclair Oil Corporation to find his older brother, Theodore Roosevelt.
He told Theodore Roosevelt all the problems he was facing now, hoping the Roosevelt Family could offer some help!
But currently, Theodore Roosevelt was also extremely troubled, as his political opponents had already started using this matter to attack him!
But the Roosevelt Family is unified; if they cannot solve Archibald Roosevelt’s problem, this matter would ultimately become a tool for his opponents to attack him.
