Rebirth 76: Industrial Internet Empire

"Zhiyuan Group and Qianhai Asset Management chose the same time and agreed to our request for a meeting, which shows that they are very aware of our intentions and intend to reach a settlement!" James Gorman analyzed.

"So what kind of settlement is more beneficial to us?" Abby Cohen asked.

"Both parties signed a secret supplementary agreement, and the CFD will be settled at the closing price on September 9 on the delivery day!" Jonathan Weiss revealed the greedy nature of the Saxons.

Wednesday, September 9th.

The U.S. stock market continued its decline in the previous two days, with the Dow Jones Index in danger of reaching 8500 points. The only good thing is that trading volume has begun to increase.

As of the noon close, the Dow Jones closed at 8486 points and the Nasdaq closed at 1252 points. Panic still hung over the New York Stock Exchange like a dark cloud that cannot be dispelled.

.........

After Yang Mo arrived in New York, he went directly to the Morgan Stanley headquarters.

"Mr. Gorman, I'm very sorry! After the attack on the Twin Towers of the World Trade Center, Zhiyuan Group faced a series of strategic adjustments. I really can't meet with you. Please forgive me!" Yang Mo said sincerely as soon as they met. .

"Mr. Yang, I am meeting with you so urgently because I want to discuss with you the cancellation of the CFD contract. The specific plan has been given to the Risk Assessment Department of Zhiyuan Group!" Gorman said straight to the point.

"Cancel the CFD contract?" Yang Mo asked with a frown.

"Yes! I'm very sorry. I know that doing so will harm your interests. However, according to the force majeure exemption clause, many investors who have bet against Zhiyuan Group have already made termination requests..." Gorman looked apologetic. said.

Yang Mo chuckled and said: "The vast majority of investors are willing to admit defeat and abide by the spirit of the contract! I think it is you, Morgan Stanley, who want to terminate the contract, right?"

James Gorman shook his head and explained: "No... no, I swear in the name of God, Morgan Stanley always puts the interests of its clients first, so how could it take the initiative to terminate the contract?"

Yang Mo didn't give him any face, and stood up directly and said: "Mr. Gorman, if you are meeting with me to discuss the termination of the CFD contract, we may not be able to reach a consensus for the time being, so be it! Let the legal departments of both parties make contact first. , we will discuss it again when there is concrete progress!”

James Gorman quickly stood up and said, "Mr. Yang, you have misunderstood. The reason why we want to meet with you is to get a win-win settlement plan. We are also trying our best to appease the investors' emotions and even agree to some of their suggestions." Unreasonable conditions…”

"A win-win settlement plan? The long-short game is in the same position, so how can it be a win-win situation?" Yang Mo asked, pretending to be puzzled.

"Morgan Stanley sacrificed some of its own interests and reached a letter of understanding with investors so that they would no longer try to terminate the CFD contract. We signed a new supplementary agreement and agreed to use the closing price on September 9 as the final settlement price of the CFD contract. Settlement price!" Gorman replied.

Yang Mo chuckled and said: "This is Morgan Stanley's only win-win plan, right? Should the investors who bet against us have their positions liquidated or liquidated? Zhiyuan Group's profits have been almost cut in half, but you still earn commissions, and there is no delay in reaping the profits." Small and medium-sized investors in warehouses..."

Gorman looked embarrassed and said hesitantly: "It is also a very beneficial plan for Zhiyuan Group! Although it lost part of its profits, it avoided a group lawsuit. I don't know the legal department of Zhiyuan Group. Has anyone given you the correct judicial advice? In a case like this, according to the 1980 United Nations International Convention on Contracts for the Sale of Goods and the force majeure exemption clause, it is still very likely that the CFD agreement will be terminated!"

Yang Mo stared at Gorman with interest for a while, then said with a smile: "Mr. Gorman, even if, as you said, investors launched a group lawsuit, it is against you, Morgan Stanley! Can you win the lawsuit? It is also your business, but I can tell you one thing very clearly. If you want to terminate the CFD contract with Zhiyuan Group through litigation, you have no chance at all. If you change the request for postponement of performance, there is a little hope, but I still I advise you not to think about this. In a few months, I can’t guarantee whether the Nasdaq index will still be above 1000 points..."

Facing Yang Mo's naked threat, Gorman felt unprecedented pressure! When had Morgan been manipulated like this?

But he also felt that Yang Mo's words were not false threats. Since the bursting of the Internet stock bubble, hundreds of Internet companies listed on Nasdaq have been merged, acquired or bankrupted! According to the current trend, the Nasdaq index is really very likely to fall below 1000 points.

After being stunned for a while, Gorman changed his tone and said, "Mr. Yang, don't get me wrong. Zhiyuan Group is Morgan Stanley's most important strategic partner. Of course, we also hope to be able to do this without triggering a group lawsuit." , find an optimal solution!”

Yang Mo pondered for a while and then said: "Mr. Gorman, I understand your mood very well. The Nasdaq fell from 1800 points to 1250 points. In fact, all the investors who signed the CFD betting agreement with Zhiyuan Group have all liquidated their positions. As a result, The intermediaries who signed the betting agreement need to continue to perform the contract. These multiple betting orders that have exploded have put pressure on Morgan Stanley. However, the financial market has always been willing to admit defeat and everyone depends on destiny..."

Gorman still refused to give up and said: "No... no, Mr. Yang, there is still a basis for negotiation between us. As long as you agree to sign a supplementary agreement based on the closing price on September 9, in return, Morgan Stanley can waive all commissions from Zhiyuan Group!”

Yang Mo remained unmoved, shook his head and said, "I'm very sorry, Mr. Gorman, we're in business and I can't agree to your request!"

"Based on the closing price on September 9, it will be discounted by 10 points as the settlement price!" Gorman took the initiative to make a concession.

Yang Mo still shook his head.

"100 points! This is the biggest concession I can make!" Gorman said through gritted teeth.

Yang Mo chuckled and said: "Mr. Gorman, have you ever thought about it? If the stock price continues to plummet according to this trend, even if you can deal with part of the CFD losses through a settlement plan, Morgan Stanley will lose money in the stock index futures market and The long positions on the New York Stock Exchange will still cause you heavy losses! As the directly responsible person, you still cannot escape the accountability of the board of directors, and you may even become a scapegoat to quell the anger of investors!"

Yang Mo's murderous remarks made Gorman's expression show a trace of anger...