Chapter 213

Chapter 213 Dividend distribution conference

2001.

February 20.

Smith Capital, Smith Building.

First floor.

Here today, it has been temporarily converted into a conference room. A venue of about 700 square meters, with plenty of seating.

Most of the investors from Smith Capital's early stage private placement arrived today.

Representatives are also sent to areas that cannot be reached because there is really no time.

Ted Lener and Barron Hilton, two wealthy liberal New Yorkers, got to know each other.

In the latest investment from Smith Capital. The two men spent more time together and Baron Hilton's perception of Ted Lener improved greatly.

Barron Hilton's Smart Discovery.

Ted Lener's flamboyant appearance is probably just a fake!

With the addition of Ikana and Paris, the relationship has also recently improved.

This also makes the relationship between the two New York businessmen very good.

Today the two agreed to meet here. Down bus.

Ted Lener seemed impatient and told Barron Hilton:

"Hey, Barron. How high do you think our profit margin could be today?"

Barron Hilton replied

"So I don't know. But last time it was this high, this time it will definitely be higher, right?"

"Alright." Ted Lener smiled and said:

"For the second and third phases, I didn't have enough capital at that time. I only invested 10 million USD."

"I heard that a new third private placement has been opened this time. If the cycle is still 180 days. So even if I mortgaged Ted Lena, I would put all my position on it!

"Haha ~" Barron Hilton said with a smile:

"I guess a lot of people think like that these days! By the way, let me tell you, I actually think so too."

Ted Lener smiled slightly and entered the Smith Capital Building with Barron Hilton.

In the first floor lobby, seats are arranged in a circle.

A high platform surrounds the middle.

The seats did not have names, Smith Capital staff also smiled and said that they could sit wherever they wanted. According to Ted Lener's character, he initially wanted to sit in the front.

But in the end he was taken to a far away place by Baron Hilton.

"We invested too little. If you were sitting in the front, this would probably become a joke." » Barron Hilton said.

Ted Lener thought this made sense and the two sat on the back wall relatively far away. Both of them arrived earlier so a lot of people arrived one after another.

The meeting started at 9:30 a.m. and by 9 a.m. it was almost full.

"It was so vivid." Ted Lener whispered to Barron Hilton:

"The opportunity is just not big enough, the Smith Capital building is too small!"

Barron Hilton nodded.

The Smith Capital building is well located and even has dedicated parking. But it used to be a medium-sized supermarket, located in Queens, near the East River, New York.

The overall area is actually not very large.

For regular small and medium enterprises, it is entirely possible to have such an office here.

It can be said that it is already very good.

But for Smith Capital, which is growing rapidly, it clearly feels a bit unworthy. The company's headquarters building is not worthy of a rapidly growing company!

It was almost half past nine and more and more people were arriving.

Many of them were people that Baron Hilton and Ted Lener knew.

This is mainly due to Smith Capital's first private placement.

Registered investors, excluding Wall Street firms.

Most of them are rich people from New York. Because at that time Abel's reputation was not very big.

In addition to being known on Wall Street, he was also listened to by wealthy people in New York.

Abel's fame truly spread throughout America.

That would have to wait until the MGM acquisition and the start of "Smith Storm".

Only then did many Americans know about him. It also tells wealthier Americans that there is a new Peter Lynch on Wall Street.

Hereby, the first phase of the private placement. The subscribers are naturally wealthy people in this city.

Both Barron Hilton and Ted Lener have been in New York for many years.

Of course, they know these people very well. It can be said that today is the gathering day for the rich in New York.

is that Smith Capital did not offer anything.

Each person only gets one seat and one free bottle of drinking water.

Even the water they usually drink is not Evian but just a bottle of Coca-Cola's "Dasani" pure water.

Its price and brand in the US are probably similar to C'estbon after China. If it were another occasion, perhaps a rich person would ask an assistant or bodyguard to bring water to the venue.

Or just walk away angrily.

There were more than a hundred people in the audience, and very few of them opened their water bottles.

Mainly find a few rich friends who know each other and chat gently together.

Soon it was half past nine in the morning. When the time runs out, the elevator will open into the elevator lobby.

A group of Smith Capital executives led by Abel walked out.

I don't know who was leading, but among the more than a hundred wealthy people, someone started clapping.

Soon everyone mobilized and everyone clapped.

Ted Lener and Baron Hilton clapped and saw that Abel did not go straight to the podium. Just now he sat in the nearest chair.

The man who stepped up to the plate was the lowly Merio VP at Smith Capital.

Melio did not speak immediately but asked Smith Capital staff.

A thin document was sent to each investor present.

One copy per person, above is the first phase of private investment fund Smith Capital. General data and dividends are accessible to everyone.

When these are sent.

Melio on stage spoke very frankly——

"Everyone, in the blink of an eye, half a year has passed..."

Melio freely exerted his eloquence.

Every investor has a plan and something they have known for a long time, full of passion and eloquence.

Piling on rhetoric and using flowery words makes people feel ignorant. You just can't think carefully about these words. Once you think about it, you will know that it is pouring water.

I must say that is also a skill.

Abel is very satisfied with Merio and everything this guy does can be arranged properly.

The 1,450 businesses are all thriving and are expected to start turning a profit next month. is actually a qualified union representative.

The speech lasted seven or eight minutes and captured the atmosphere of the scene. Merio glanced at Abel.

"Thank you, Merio."

Abel stood up and led the way in applause. The audience saw it and naturally applauded together. "Everyone, long time no see."

"My deputy general manager just told me the details, I won't repeat too much."

"Today is the money sharing meeting."

"Everyone has information at hand. Do you have any doubts about the above amount of money?"

"Or if you think something is wrong or unreasonable, you can speak up."

Ted Lener was the first to step into the audience and say, "No problem."

"No problem."

"Nothing."

Everyone present knew very well that this meeting was more formal than real but it was necessary.

Profits and management fees, what is said are not clearly written in black and white.

More importantly, once people have seen the numbers on file.

At this moment, one or two people were already happy. Including these investment banks.

This time they were all surprised, shocked and satisfied with the profits of Smith Capital Private Investment Fund.

If Abel hadn't spoken at that moment, these people would have started speaking.

Abel didn't even go up to the high stage but just stood in front of his chair, holding the microphone that Merio sent.

"Look at the distribution plan, if there are no problems, sign it."

"The principal and profits will be paid to your account before five o'clock this afternoon."

After Abel finished speaking, he sat down with David to talk. Merio distributed the prepared contract to everyone. There were not many people involved in the project in the meeting room, about 100 people in total.

Indeed, according to current US law, the upper limit of private placement of shares can be up to 200 people.

After all, it's only part of 3 billion US dollars, so there are a lot of wolves and little meat.

But there were no longer the assistants they brought in and the Smith Capital employees to keep order.

There were at least two hundred people on the first floor. Issues related to money need to be carefully examined to avoid loopholes in the contract.

Please note, this will benefit and not harm the cooperation between the two parties.

"David, tell them the 4th, 5th and 6th numbers later."

"Your job is not to manage funds, do you want to announce it immediately?"

"Of course. After all, there is a period of repentance. If you decide to invest later and find out the truth, being angry and repenting is not good."

Abel says, "Tell them directly and clearly. Also tell them my assurance. It's their business to invest or not."

"Understood~"

David Mellon nodded.

The two were talking when suddenly five or six people came forward to block the way.

Of course, the person who came to arrest them was not the FBI or CIA.

Today a few investment bank CEOs came here on a special trip and they met. They came looking for Abel.

The first to speak up was once again the outspoken Wall Street Bulldog.

Richard Fuld, CEO of Lehman Brothers.

"Mr. Smith! I just heard. Smith Capital's 4th, 5th and 6th private placements are about to start."

"A member of the board of directors of Lehman Brothers, one of the shareholders of Lehman Brothers Bank. You can't forget us!

Let Richard Fuld speak first.

Morgan Stanley's Philip Purcell is a bit upset.

Philip Purcell also quickly said:

"Mr. Smith! Remember, it was Morgan Stanley who first introduced you to the board of directors!"

Abel last fought against Wall Street investment banks.

Morgan Stanley cast the fastest and lost the least.

Of course, they were also the first to have Abel on their board of directors. Philip Purcell was right.

David Mellon next to him opened his mouth, but in the end did not dare to speak.

The CEO of Smith Capital is not sure how these Wall Street giants will react if he announces that these three private placements are not under Abel's jurisdiction at this time.

David felt the reaction might not be good.

Finally he decided to give up. Let your own "king" talk about these things.

David thought to himself.

Just in time the chairman of Merrill Lynch and Bear Stearns wanted to talk, and even Paulson wanted to talk.

Abel smiled:

"Well, Smith Capital is honored to receive your enthusiastic support."

"But if I were not responsible for these private placements, I wonder if you would still care?"

"Of course I care." Richard Fuld spoke quickly, and after finishing speaking the bulldog felt a bit uncomfortable.

Richard Fuld looked at Abel: "What did you just say?"

"I said." Abel smiled and said: "I will not be responsible for the last three private placements. Their quota is only 500 million US dollars.

"I can only guarantee that they won't make investors lose money. As for how much they make, that's none of my business."

This time Abel spoke very clearly.

People next to you can also hear clearly.

The tycoons of several major investment banks looked at each other and glanced at their colleagues.

Paulson, who had been silent for so long, suddenly said:

"If possible. With all due respect, Mr. Smith."

"The attractiveness of these private equity funds to us would then be minimized."

The other giants said nothing, but nodded.

The people came looking for Abel, but Abel told them off.

New private position Abel will not be responsible for this but only guarantees that he will not lose money.

For Wall Street giants like them, attraction is almost nothing.

Everyone is flocking to Smith Capital's private placement. It was originally for super exaggerated profit presided over by Abel.

If it was just normal Wall Street profits they could do it themselves.

Sometimes, if you're lucky, it's not impossible to make a profit of over 100%.

Faced with the appearance of these people, Abel shrugged:

"The situation is like this, I have already explained it to you directly. How to choose is up to each person."

"Of course. I will continue to be responsible for investing in the second and third phases."

Smith Capital Phase II and Private Equity Phase III.

When we recruit

This was a time when he had a poor relationship with Wall Street investment banks.

At that time, Smith Capital also limited the purchase of these two private investment funds.

Finally, the relatively large investment banks on Wall Street do not have the underwriting expertise for the second and third stages. Phases 4, 5 and 6 are released this time.

Relationships between people have also become more comfortable.

They thought they could take advantage of the situation to register at that time, to jump on the Smith Capital bus.

Unexpectedly, the tank was actually Smith Capital's tank.

But not Abel's Super 99a or M1A2SEP. But Smith Capital was the World War II equivalent of a T34

So what else is there to do?

Aren't they better themselves?

Seeing Abel confirm again, the attitudes of several giants cooled.

But at this moment, Lincoln, the chief executive officer of PNC Financial Services Group and its BlackRock Fund, who was standing outside the crowd, suddenly said loudly:

"Mr. Smith! BlackRock Fund is ready to subscribe to the 4th, 5th and 6th private placements of Smith Capital!"

Everyone immediately looked at Lincoln.

Lincoln also took the opportunity to sneak over, approached Abel, smiled and extended his hand:

"Hello, Mr. Smith. My name is Lincoln Johnson, Managing Director of BlackRock Funds at PNC Financial Services Group. Nice to meet you."

Abel smiled and extended his hand: "Hello Mr. Johnson, my name is Abel Smith, nice to meet you."

Abe doesn't know this Lincoln.

But he knew about the PNC Financial Services group and the existence of the BlackRock fund.

PNC Financial Services Group is also a giant financial corporation in the United States.

This company has not been established for long in the financial world. It was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania, eastern United States.

But it is also one of Wall Street's true giants, and its influence is perhaps greater than that of pure-play investment banks like Goldman Sachs.

Through its subsidiaries, it is also a financial services group that includes commercial banks, investment banks, hedge funds, insurance operations, reinsurance, and more.

In terms of similarity, it is almost equivalent to Citibank within the Citigroup group.

Or a combination of Wells Fargo and Goldman Sachs. This is also a giant of American finance.

In front of him was only Lincoln, only the CEO of BlackRock Fund.

It was equivalent to a prince under a giant and a high-ranking person with a relatively important status.

In later generations, Lincoln was in charge of this BlackRock fund.

It has become the investment fund with the largest number of funds under management in the world. At its peak, it managed nearly $10 trillion in funds.

It's definitely a scary size.

We should know that by 2022, total US debt will reach about $31 trillion.

At its peak, BlackRock was responsible for one-third of America's debt.

What kind of concept is this? If you still don't understand, there is another object to compare.

In 2021, rabbit GDP will only reach 17.73 trillion US dollars.

BlackRock funds are still liquid assets!

It can only be said that there are too many rich people in this world.

There are too many people who are qualified to be hung from street lights.

Fortunately, for now, the BlackRock fund is not as brilliant as it will be for future generations. At least the appeal to the rich and Wall Street is much lower than that of Smith Capital at the moment.

Otherwise, Lincoln's attitude would not be so good at this time.

Seeing Abel and Lincoln, they chatted impatiently.

Some investment banking giants knew that PNC Financial Services Group had sent Lincoln to establish a relationship with Abra.

After thinking carefully, Paulson suddenly intervened:

"Mr. Smith. Goldman Sachs is also willing to underwrite some shares. »

What's more important for Paulson is getting closer to Abel.

Either way, he won't lose any money, at most he'll make Goldman Sachs a little less.

Paulson actually opened his mouth.

Even Goldman Sachs, where Abe is not on the board.

Other investment banking giants can only cooperate. Finally, several others also expressed their intention to sign up for some action.

This also makes David find it difficult to recruit.

The private placement with a total value of about 1.5 billion USD went smoothly.

Finally, when David announced it to the other rich people present.

Even the current share is only about 900 million USD. LP heard that these private placements were not managed by Abel and was not initially interested in them.

When I heard that giants like Goldman Sachs and PNC were underwriting a lot.

They also immediately changed their minds and many chose to sign up.

So, Smith's 4th, 5th and 6th private positions.

These fund companies are yet to be launched in the market. Directly at this money sharing meeting there was division. .

And that was only because of Abel's assurance, and because of his name. .

Now is the time. .

Abel was finally certain that his place on Wall Street was complete.

The attitude of these people is the clearest proof of this.

(end of this chapter)