Chapter 628 This broken ship sank
New York, Wall Street.
Dafeng Capital Corporation.
On the morning of that day, Zhuke successfully arrived in New York on his private plane "Rola". After getting off the plane, even though he was surrounded by many reporters, Zhuke ignored him completely and did not accept any interviews. He took a special car and drove directly towards Dafeng Capital.
Soon, Zhu Ke entered the windy capital.
“Boss!”
"Mr. Wald!"
"Chairman Wald!"
A group of Dafeng Capital executives led by CeoAnti Chelop all greeted Zhuke. If this were changed to a Japanese company, it would be a first-class bend over and bow.
Zhuke looked at Anth and said in a deep voice: "How is it, didn't Kenneth Lay say he was going to hold a press conference? Is it starting now?"
"Not yet, but it's too soon." Andi replied.
really.
When Zucker and his group entered the conference room and turned on the TV to lock the NBC News Channel, the press conference of Enron founder and former chairman Kenneth Lai was about to begin.
At this moment, Kenneth Lai himself has not appeared on the stage and has not appeared in the TV screen.
But the TV has started broadcasting.
The entire press conference gathered hundreds of news media, with at least more than 200 media reporters.
Pooh ~
Suddenly, Zucker suddenly laughed at the TV.
"Boss, what?"
Andi asked.
The crowd of executives around him also focused their attention on Zucker.
"Nothing happened, I just remembered a joke."
Zhuke waved his hand and said, "Before boarding, I received a call from Senate Mr. Hota. He told me that the mayor of Houston and the governor of Texas, these two men were originally planning to support Kenneth Lai, the old guy, and insisted on attending this press conference of Enron. Do you know?"
"The Republican leader and most veterans called them directly to warn them, no, to be precise, to be ruling, and told them not to get involved, so the two of them were directly cowardly."
The words fell.
Andi and others present also laughed very unkindly.
Mayor of Houston?
Governor of Texas?
The two of them once spoke out to support Enron Company many times, and even said: "At the time of need, the municipal and state governments will come forward to guarantee and contact Citibank to provide Enron with more than $1 billion in interest-free and low-interest loans."
But what about now?
The two of them are just jokes from others!
At least on Wall Street, many people talk about this every day now.
At this moment, not only Zhu Ke and others were watching Enron's press conference, but also the major investment banking elites on Wall Street were paying great attention.
Not long after... the press conference began.
Kenneth Lay, founder of Enron and former chairman, took the stage.
Immediately, more than 200 media reporters sitting off the court were excited and pressed the camera in their hands as soon as possible.
The sound of clicking is endless.
Kenneth Lai said loudly in the face of a number of media reporters: "I know that there are problems with Enron now, and it can even be said to be the biggest crisis that Enron has encountered in decades of its establishment."
"But, please believe in Anran and believe in me. I have the ability and responsibility to turn the tide!"
"First of all, Enron's stock price continues to plummet."
The fact that the stock price plummeted is an unavoidable fact. Based on this, it is also a question of countless people's concerns. This represents whether Enron has the ability to repay, including whether the large number of Enron corporate bonds held by investors can be exchanged.
Once Anran really goes bankrupt, these corporate bonds are likely to turn into a pile of waste paper.
Waste paper?
Haha, a few months ago, this pile of "waste paper" was worth billions and tens of billions of dollars!
I have to say that many investors have the desire to die.
"As of now, Enron's current share price is US$13.8 per share, which has fallen by US$0.6 compared to yesterday. To this day, Enron's market value is only about US$15 billion, far lower than the market value of nearly US$100 billion at its peak."
"But... Is Enron really only worth $15 billion?"
"No!"
"That's definitely not the case!"
"Enron Gas Pipeline Group, Enron Investment Company, Enron Energy Service Company, Enron International Company, Enron Oil and Gas Company, Enron Renewable Energy Company, Enron Capital and Trade Resources Company... These subsidiaries of Enron alone exclude factors affecting stock markets and bonds, and the equipment, funds on the books, fixed assets, etc. of our Enron subsidiaries, combined, will not be less than US$45 billion."
"In other words, Anron's overall value... is much more than what the market value shows."
"I believe that even if Enron really can't overcome this hurdle, it goes bankrupt and goes bankrupt, we still have the ability to repay all the property of bond investors!"
Kenneth Lai definitely speaks this sentence.
Wow~
Now there is also an uproar.
However, these words have indeed stabilized many investors holding Enron Bonds.
However......
The elites of Wall Street investment banks sneered at it very much.
Quantum Fund.
Soros, the founder of Quantum Fund, who is watching the live broadcast of the press conference, couldn't help but sneer: "Enron's bankruptcy liquidation of fixed assets is no less than US$45 billion, which sounds very reasonable, but why didn't Kenneth Lai mention Enron's debt situation?"
"That's it!"
Vice President Brown Mikel also smiled and said, "It's time now, Kenneth Lai is still very cunning!"
Enron's debt is currently no less than US$40 billion!
Once Enron Company really goes bankrupt and liquidate, then remove all equipment, funds on the books, fixed assets, etc., Enron Company really has no money left. How can it still repay those investors who hold Enron Bonds?
Haha, everything is just a quibbling!
Sure enough, the media reporters at the press conference were not vegetarians, and someone immediately exposed Kenneth Lai's quibbling.
"When will you still want to argue?!"
This is the word of justice.
Goldman Sachs.
At this moment, Duter Bartles, one of the senior partners of Goldman Sachs Investment Bank, laughed and said, "People, look, is this Kenneth Lay who used to be arrogant and calm in the face of things? Look, what is he panic?!"
Other partners of Goldman Sachs were also making jokes.
Vice President Anna said: "He can't calm down at all now."
Xiang Feiqi, one of his partners: "Doesn't this mean that he really has no tricks."
In the eyes of a group of senior executives at Goldman Sachs Investment Bank, Kenneth Lai, a rich man standing on the stage to speak, seemed to have an ugly face.
......
"What?"
"You ask me how do you think of Enron's fact that it has falsely reported more than $600 million in recent years?"
"I tell you, I don't know, otherwise I will definitely clean up these borers as soon as possible! They did all this without hiding it!"
Faced with the repeated questions from media reporters now, Kenneth Lai has been denied.
He does not admit the fact that he knew or participated in in advance.
In a word, he does not admit his crime!
And he is still trying hard to deny...
“Haha~”
Zhuke watched Kenneth Lai's performance with interest and said loudly: "Guys, we watched a wonderful stage play. Now we are sure that we are over safe!"
"The broken ship Anran has completely sunk, and there is only a very little time left."
Hearing this, everyone nodded.
The last wave of harvesting Anran’s wealth has officially arrived!
The press conference held by Kenneth Lai not only did not relieve Enron's current severe situation, but instead revealed Enron's decline and powerlessness, further pushing Enron into the abyss.
Chapter completed!