Throughout the afternoon, Harry Sinclair never had a mont of peace.
Today, to manage all matters, Harry Sinclair had rented a hotel room near the NYSE to use as his temporary office.
anwhile, his assistants also arrived, including Marx Quinn, who was specifically responsible for contacting Morgan within the NYSE, and Nelson Hendry, who led a small team to contact radio stations across Arica.
Indeed, as soon as the Atlantic City Broadcast's economic channel started reporting on this short-selling battle, many comrcial radio stations, driven by other investnt firms on Wall Street, had learned of the event and understood its impact.
Therefore, Nelson Hendry's outreach was quite unsuccessful, as could be seen from each of his subordinates holding a phone and discussing terms with the utmost humility.
In fact, such business talks were highly unusual for the era; in the absence of video conferencing, the Sinclair Oil Corporation should have sent representatives to these comrcial radio stations for face-to-face negotiations.
Alternatively, Sinclair Oil Corporation could have invited the stations to their company for discussions.
But the situation had developed too abruptly, leaving no ti for Sinclair Oil to do either.
Thus, Harry Sinclair had no choice but to reluctantly opt for this thod of discussing potential collaborations.
Atlantic City Broadcast was already a benchmark for national comrcial radio, and all comrcial stations were paying attention to learn about the advanced concepts it was bringing to the industry.
When these comrcial radio stations listened to the report on Atlantic City Broadcast's economic channel that afternoon and received calls from Wall Street investnt firms, they imdiately recognized it as an opportunity!
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Visionary companies now focused primarily on how to negotiate financing with these investnt institutions moving forward.
Shortsighted companies, at this mont, after receiving a call from Sinclair Oil, focused on how they could extort more money from them.
Uh, and the far-sighted companies, they were also thinking about how to squeeze more money out of Sinclair Oil on this matter!
Such circumstances gave Harry Sinclair an incredibly tough ti; he had thought $200,000 would have been enough to manage the situation, but after hearing Nelson Hendry's report, he knew that the $200,000 budget he had previously set was no longer sufficient!
"Agree, agree to all their demands, ti is the most valuable thing for us right now!" Harry Sinclair said, massaging his hair and with bloodshot eyes, "Damn you, Donnie Block, couldn't you have let Atlantic City Broadcast report this tomorrow?"
Tomorrow would be Friday, and according to custom, the NYSE would be closed the day after. If that were the case, he would have two days to thoroughly discuss the matter with these comrcial radio stations.
Now, to ensure they were not fighting alone tomorrow, Harry Sinclair had no choice but to reluctantly accept the extortion from these comrcial radio stations.
"I don't care by what ans, or how much it costs, by tomorrow morning, tomorrow morning I want to hear other comrcial radio stations reporting on the matter."
Harry Sinclair had reason to be so angry.
Because that afternoon, under the influence of Atlantic City Broadcast, Sinclair Oil's stock price finally saw its largest drop of the last few days, falling below 40 cents by the market's close.
If it wasn't for their own determined efforts to support the price, it would likely have dropped to 35 cents.
And the cost was that in just this one afternoon, Morgan had spent the entire $200,000.
"According to Hein Howell's analysis, if we can't get any favorable news by tomorrow, the stock price is definitely going to continue falling, and it might even trigger a widespread panic. At that point, everything becos uncontrollable!"
This was the first thing Marx Quinn reported to Harry Sinclair after the NYSE closed today.
Nelson Hendry nodded and said, "I understand, boss. Rest assured, we will surely co to an agreent with the comrcial radio stations tonight."
After Nelson Hendry left, Marx Quinn suggested to Harry Sinclair, "Boss, should we initiate an investigation into Atlantic City Broadcast? Their current actions are clearly disrupting the ordinary functioning of the stock market. If we could get support from the NYSE and the courts to prohibit Atlantic City Broadcast from reporting on the matter, then Donnie Block would lose his primary leverage!"
"That's a good suggestion!" Harry Sinclair replied in frustration, "But it's useless."
Marx Quinn looked at Harry Sinclair, puzzled as to why he would say that.
Harry Sinclair did not clarify for Marx Quinn, instead he waved him off from his study.
After Marx Quinn left, Harry Sinclair dialed Hein Howell's number: "Is there really no way at the NYSE to deal with this? Atlantic City Broadcast's behavior clearly interferes with the normal operation of the market!"
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