Harry Sinclair did not hide anything from them, and shared the analysis results he had just discussed with Hein Howell.
"You both can rest assured, Sinclair Oil Corporation's current share price is only temporary. Once this matter is over, the share price will continue to rise. Based on the stocks I am now acquiring, not only will I be able to pay off your debts all at once, but we will also make a nice profit!"
Worried that they would not lend him the money, Harry Sinclair tried to persuade them.
"The stocks that Donnie is now selling are all borrowed from brokerage firms. When the ti cos, Donnie will need to repay 'harmony' stocks. By then, he'll have to buy them back, and not for 50 cents a share, but for 1 US Dollar each!"
This was actually the reason why Harry Sinclair was still using his own funds to buy back these stocks—he was certain that this ti Donnie Block would surely fail in the short-selling battle.
So with the help of this short-selling battle, Sinclair Oil Corporation's stock price would surely continue to climb, and the stocks he was currently acquiring would eventually be sold at multiple tis their value.
"OK!"
Jas O'Neal and Robert Stewart only thought briefly before agreeing to Harry Sinclair's loan request. In the end, both decided to provide $350,000 each to support Harry Sinclair.
"Harry, don't worry, we're a team. Now that Donnie has taken action against you, he's also taken action against us. We are not traitors like Eduardo Doheny. Since Donnie has actively brought the battle to our ho turf, this ti we'll let him thoroughly experience the taste of defeat!"
Jas O'Neal handed the check to Harry Sinclair, patting his shoulder and said seriously.
Robert Stewart also finished writing his check, handed it to Harry Sinclair, and said, "Everything now is only temporary. Isn't the whole of Wall Street talking about Donnie taking his Atlantic City Broadcast public?
When that ti cos, our three companies will join forces to let Donnie experience what you're feeling right now!"
Harry Sinclair accepted their checks and expressed his thanks: "Thank you, I will always rember this!"
Then, the three of them sat down to discuss how to deal with Donnie, while Harry Sinclair's secretary took the two checks to transfer the funds to Harry Sinclair's account.
With the injection of new capital, Hein Howell naturally beca even more confident.
When it neared the ti for the market to open in the afternoon, Maciej Buck hurriedly found Hein Howell: "Manager, I've just received a ssage. The economic channel of Atlantic City Broadcast has specifically opened a column and is reporting on the short-selling battle in real-ti!"
Although Hein Howell had already guessed Donnie's intentions, he still felt a sinking feeling when he heard the news.
The stock trading on Wall Street would enter a new era today.
Never before had any financial battle been reported so tily, and retail investors would for the first ti get to experience being updated in real-ti on a stock's performance.
For these brokerage firms, this would surely be a substantial impact.
The brokerage firms have a significant advantage over retail investors: information asymtry. They can understand a stock's performance in real ti through their traders and analyze its potential growth.
But now, retail investors, through the mode of broadcasting, will be able to know the performance of a stock, and they will definitely participate in the buying and selling of it, no longer putting all their trust in the stockbrokers and firms!
Why is the gambling industry so popular around the world and everyone is willing to have a go?
It's because each person trusts themselves more than other individuals, believing they are the gambling god.
Every person who steps into a casino initially has only one thought: how much they will win today before leaving, vowing not to linger in battle!
See, everyone enters with the mindset of winning money.
When they begin to lose, they just assu it's bad luck, and believe that as soon as their luck returns, they will make a coback.
Trust in oneself!
"No matter the outco of this battle, Donnie Block will surely be recorded in the history of Wall Street!"
After sighing, Hein Howell instructed Maciej Buck: "Buy two radios imdiately!"
After Maciej Buck left, Hein Howell said to Harry Sinclair: "Harry, tell the people at your company to hurry up!"
Atlantic City Broadcast is a nationwide comrcial radio station, and even now, it is the only one in the entire United States that has achieved this.
Therefore, if Harry Sinclair wants to compete with Donnie for retail investors across the country, he must cooperate with several more comrcial radio stations. Experience new stories on My Virtual Library Empire
The two sides have to decide on a price, and the other party also has to change their programs on short notice, which is not a simple matter.
So when the stock market opened in the afternoon, besides Atlantic City Broadcast which had already started reporting on the matter, the radio stations contacted by Harry Sinclair had not yet officially entered the fray!
The news of Atlantic City Broadcast's involvent quickly spread throughout the entire trading floor, and then the whole of Wall Street!
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