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Chapter 348 The flexible shrub family(2/4)

This Tims clearly received multiple VIP travel tickets from American Express that he gave away, worth hundreds of thousands of dollars.

When the incident happened, it was so ruthless.

Not even helping Kenneth to explain things clearly.

Of course Kenneth was angry.

But after the angry roar, Kenneth knew that there was nothing he could do to Timms.

When Kenneth gave away the VIP tickets for American Express's premium travel services, he gave them away as a "luck draw."

In other words, on the surface, Timms obtained these highest-level VIP tickets through a "luck draw" using his American Express Bank credit card.

Even if Kenneth wanted to take it back, that would conflict with many American Express Bank customers.

Kenneth knew Timms' path was not going to work.

He didn't have Soros's contact information.

At this moment, Kenneth could only shift his efforts to other shareholders of American Express.

He made a few more phone calls to shareholders who supported him with a larger shareholding.

Like Mr. Jim Walton of The Waltons.

After making a round of calls to these people, Kenneth felt a little more relieved.

At least on the phone, although these people's tone became much more relaxed, their stance has not changed yet.

Kenneth knew that he was really in danger this time, but he still had to work hard.

Thinking of this, he started calling other board members of American Express.

How can you still sleep at this time?

Kenneth couldn't sleep at all, and he didn't give the other grasshoppers on the line a chance to sleep either.

Of course, we all came together for a meeting to figure out how to overcome the difficulties together.

The most important thing is Soros, the most important white knight.

His "sudden betrayal" made Kenneth Chenault suddenly look embarrassed.

The board members were all in New York, and Kenneth Chenault quickly summoned them together.

They went directly to American Express's headquarters in New York for a meeting overnight.

This meeting was held from late at night until early the next morning, when it was already dawn.

The results are still somewhat unsatisfactory, and the methods everyone has come up with, or the various strategies everyone has prepared.

They all have flaws in various aspects and seem to have little operability.

This is also normal.

After all, these people are ostensibly directors of the board of directors of Express Company.

But except for the two small shareholders, the other seven people are all pure workers or representatives.

If the major shareholders behind it support it, this board of directors can run very well.

When the shareholders behind it don’t support it, or start fighting among themselves.

Then they are the first victims.

But now, it is the time for the victims to sacrifice.

This very bad mood came to its peak later when a company executive reported "bad news" to the directors.

It was only six o'clock in the morning.

Most newspapers in the United States have not yet come out, or have just been delivered to newsstands and bookstores.

The "bad news" reported by this American Express executive.

It came from a friend of his who was in a high position in the editorial department of The New York Times.

"Jack is an important editor of the New York Times. He just told me that there was very bad news about American Express in the New York Times today!"

"What news?"

Kenneth Chenault, who had not slept all night, already had a bad premonition.

"It's news about Soros and Abel Smith. It seems to be that Soros officially bought shares in Smith Capital and sold 6.9% of his American Express shares to Abel Smith."

Snap——

Kenneth slapped himself on the forehead, knowing that he was doomed.

In fact, this is indeed the case.

When it's completely bright and most American newspapers are in print.

Soros invested in Smith Capital and became the sixth public shareholder of Smith Capital.

And the matter of selling American Express Company stock to Abel Smith.

Along with these American newspapers, they were sent all over the United States.

This made investors who were eager for Abel Smith to take over the business and grabbed a lot of shares of American Express, suddenly in an uproar.

If it weren't for the fact that today happens to be Saturday and the stock market is closed.

It is estimated that before noon, American Express's stock price will fall to 40 US dollars, or even lower.

But even if the market is closed on weekends, the stock market cannot be traded.

But most of the leeks and investors also knew that this news came after two days of brewing and fermentation.

When the market opens on Monday, the stock price drop caused by it may be even higher than when it breaks out now.

More importantly, today is Saturday.

There is still a Sunday tomorrow, and Abe Smith cannot remain indifferent.

He will definitely release news that is unfavorable to American Express's stock price, further suppressing American Express's currently high stock price.

When the market opens on Monday, American Express's stock will definitely plummet as soon as it opens.

Fortunately, Abel's comprehensive tender offer is still there.

It lasts for a month, starting on November 6th and not ending normally until the 5th of next month.

In other words, at least during this period of time, everyone still has Abel Smith at $35, which can be considered a blessing among misfortunes.

And when the leeks were in despair, they were lucky to still have Abel Toto.

Abel has left his pinnacle mansion at Smith Towers and appeared at JFK International Airport.

Then he got on his "Smith" Boeing 747, and the plane cut through the sky and flew to Austin International Airport.

The interior cabin of the Boeing 747 is as spacious as a penthouse.

Abel was sitting in the middle, in the main seat that looked like an emperor's throne. He had a document spread out on his lap and was reading.

David Jones and Alan Baker were standing quietly next to him, waiting for his inquiries at any time.

After browsing for about ten minutes, Abel closed the patent technical specification document on lithium iron phosphate batteries.

He said to Alan Baker: "Professor Hans did a great job. I didn't expect that the research team he brought back from China was really capable of developing simple finished products so quickly."

Allen smiled and replied:

"Who says it's not the case? The boss of the Chinese company that Professor Hans came into contact with is an expert in battery technology. He is a professor who graduated from a well-known university in China and started a business. Maybe it is because of this that

It will be so efficient."

Abel nodded slightly.

Shortly after the beginning of this year.

Professor Hans, the chief technology officer of Abel's Tesla company, left the United States and took some students to Neon to inspect technology.

In the current era, in terms of lithium battery technology, the United States is theoretically very advanced.

But in actual production and application, Neon is still better.

And Neon’s theoretical research is not bad at all.

Professor Hans went there to acquire some patented technologies.

Or pack some of Neon’s local research teams and bring them back to the United States.

But during the Neon inspection, Professor Hans discovered some battery products from China.

The technology of these battery products cannot be said to be very good. It can even be said to be a bit backward and not that advanced.

But after asking Professor Hans, he learned that the cost of these batteries was so low that he could not believe it.

The same battery product costs about one hundred dollars in the United States.

As for these lithium battery products in Neon, it costs about fifty US dollars to produce them.

And if these lithium battery products are produced in China, their production cost is less than twenty US dollars.
To be continued...
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