"That's right, under such circumstances, Donnie, you definitely wouldn't let Atlantic City Broadcast go public!"
By the ti he said this, William llon was utterly certain.
Donnie couldn't help but applaud William llon and laughed, "William, why don't you give up Gulf Oil and co to be my president?"
Although Donnie's business was doing well, he always lacked a suitable right-hand man. Helen could actually do it, but if Helen were to do it, it would involve the Taft and Roosevelt families, and while Donnie also liked Helen, he couldn't fully trust her before their relationship was formally established.
Of course, William llon was even less likely to be trusted by Donnie, but one area where William llon was stronger than Helen was that the llon Family lacked an heir!
A family in the business field without a distinguished successor is, to Donnie, the safest option.
However, clearly, William llon had no intention of accepting Donnie's invitation. After all, the market value of Gulf Oil was several tis that of Atlantic City Broadcast, and the assets of the entire llon Family were several tis that of Donnie's. It was impossible for him to abandon the llon Family to assist Donnie.
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"Donnie, let's not joke about this. Let's talk about today's matter. I believe that with the start of Harry Sinclair's counterattack, the stock price of Sinclair Oil Company will surely rise, and you should be using your trump card now!"
William llon knew Donnie didn't want to reveal his trump card, but now was the ti for Donnie to use it, so whether he disclosed it or not was no longer important.
At this mont, Donnie gestured with his hand, "William, let ask you, if I shoot a target 500 ters away here, will the target fall down imdiately after I fire?"
William llon shook his head, "No, it takes ti for the bullet to travel!"
"Exactly!" Donnie nodded, "Sotis, you have to let the bullet fly for a while. Haven't you noticed that the battle between us and Sinclair Oil Company these past few days has been too fast?
It's so fast that it doesn't give the retail investors ti to react. So ssages need to settle. Once these ssages start to settle, and retail investors start to think, then when we deploy our big move later, it will truly be effective and exert its real strength!"
William llon said, "But if that's the case, it will also prolong your battlefront and increase your financial pressure!"
Donnie shook his head, "My financial pressure won't be too great. After all, we struck first and were prepared before striking. The one truly under pressure is Harry Sinclair!"
William llon felt he had figured out Donnie's thinking at this stage—to pull Harry Sinclair's cash flow to its limit.
.
In fact, William llon wasn't wrong, but he just didn't see the whole picture.
At this stage, Donnie indeed was working on stretching Harry Sinclair's cash flow to its limit.
The reporting on the short-selling battle surrounding Sinclair Oil Company by Atlantic City Broadcast and other comrcial radio stations throughout Arica had reached a fever pitch. Even though Harry Sinclair had rallied comrcial radio stations that could cover the entire country, he still couldn't contend with Atlantic City Broadcast.
First, these comrcial radio stations belonged to different companies. Since they were from different companies, they couldn't achieve the unified approach of Atlantic City Broadcast. So stations had capable hosts who could bring so professional comntary to the matter, but many others were clueless about it. Even with newspaper materials, they were too rushed in their involvent.
How could they compare to Atlantic City Broadcast, which had been preparing all along?
Secondly, there was the listener base of Atlantic City Broadcast, far surpassing that of any other comrcial radio station. Even with the united front of these stations, the actual listener base still couldn't compare to that of Atlantic City Broadcast.
And not everyone was going to be like Hein Howell and those Wall Street folks, prepared with two radios to listen to this content.
Although Atlantic City Broadcast held the advantage, today's newspaper coverage in New York gave Sinclair Oil Corporation the upper hand.
After all, the circulation of newspapers far exceeded the listener base of radios.
Moreover, newspapers' authority in the dia was seen as quite significant by the people.
Especially when national newspapers began to report on the matter, choosing to reprint New York's coverage... by this afternoon!
Many large newspapers were like "The New York Tis," split into morning and afternoon editions!
If they couldn't catch the morning edition, they'd aim for the afternoon one!
Of course, many more newspapers needed ti to receive the news here and then to publish it.
But regardless, the influence of the matter was growing more significant.
Moreover, by this afternoon, the downward trend in Sinclair Oil Company's stock price finally ca to a halt. It didn't just stop; there was a slight increase, bouncing back to 40 cents per share!
Seeing such an effect, the traders at NYSE looked differently at Jesse Livermore and others when the market closed in the afternoon.
"It seems that Donnie Block and Jesse Livermore must be out of trump cards, perhaps this great battle has entered its final stage!"
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