I’m in Hollywood Chapter 1025: It’s too risky
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Chapter 1025
The signing ceremony of the equity transfer agreement took place at Firefly's investment in Headquarters located in the Rockefeller center.
Chris highly respects the Buffett minimalist management philosophy, so in many ways follow this predecessor as much as possible. Although the company Headquarters was moved to the Rockefeller center in the past two years, compared with other large companies, the Firefly investment company whose control asset size has exceeded 200billion USD still only maintains a small team of about 50 people, and the entire company only accounts for the Rockefeller center Office space on the 50th floor of Building 50.
Compared to this, Morgan Stanley Group owns a full 27-story office space on the 47th to 74th floors of the South Tower of the World Trade Center. Eric noticed this because Chris asked Eric whether to move to a building with Morgan Stanley last time when the office premises were relocated, which also facilitated the cooperation between the two parties. Of course, Eric could not agree.
However, Eric remembers that on the day of the 9/11 incident, almost all the employees of Morgan Stanley were evacuated safely. During the whole process, only six of the nearly 3,000 employees died unexpectedly. It is said that these were all attributed to a certain safety director of this company. This has to be said to be a 'miracle'.
The signing ceremony was very simple. This batch of 16500,000 shares was taken over by Morgan Stanley, Pioneer Group and other seven shareholders of AOL at a price of 4billion USD, such as payment settlement, shareholding structure change, and filing with the SEC. It will take another week to complete. The reason why the Firefly investment, Morgan Stanley and AOL parties have come together so much is mainly for the press conference after the signing ceremony.
There have been too many rumors about AOL in the recent period, and this equity transfer happens to be the best time to respond to all recent rumors.
The staff activity room invested by Firefly was temporarily arranged as the site of the press conference, and the signing process was completed. The four people, Eric, Chris, Steve · Kies, and John · Mark, sat on the stage together. There was no long table. The four chairs, a deputy of Chris made a guest appearance as a moderator, and under the stage were hundreds of media reporters who packed the entire activity room.
After clarifying and responding to some rumors related to Firefly investment and AOL by implementing a well-defined simple interactive process, the press conference entered free question time.
The host ordered a reporter and the other person got up and directly aimed at Eric: "Mr. Williams, I am a reporter of" Wall Street Daily ". Since the Firefly investment statement is optimistic about the future of Nasdaq and AOL, why is your company Should we continue to reduce holdings? "
The reporters of "Wall Street Daily" have just exited, and all the reporters at the scene looked up with spirit.
Despite the contradiction between the two parties some time ago, but from the current situation, in any case, Firefly investment such a low-price sell-off behavior is too much to feel the haste after the crisis. Although the Nasdaq index has become stronger and stronger during this period, many investors have gradually given up their concerns, but Wall Street has never lacked the bearishness of the Nasdaq index.
To Chris, who wanted to help himself with this problem, made a reassuring look, Eric raised his microphone and said: "Actually, the reduction of Firefly investment in AOL stock has nothing to do with the overall trend of the technology stock market. The reason why Firefly investment does this is only because the established development strategy of AOL cannot form a good complementary role with other industries under Firefly investment, so we will choose to withdraw and focus more on other businesses. Firefly investment is also the same Cisco, Sprint, Qualcomm, Nokia and other major shareholders of technology companies. If you are not optimistic about technology stocks, then you should now also see Firefly investing in other companies ’stocks, but in fact, in these years, Firefly investment has never sold Ever passed any stock of Cisco, Sprint and other companies. "
After finishing Eric, many expressions on the scene showed a thoughtful look. The reporter of the "Wall Street Daily" just now wanted to refute it, but for a time he could not find a suitable reason.
The achievements of Firefly investment in the field of new technology in these years are obvious to all. Now, Firefly investment has not given up any other new technology companies, but it has generously reduced its holdings of AOL stocks, even if the reason is really the same as Nasda. There is nothing to do with the market bubble, but the move of Firefly is worth pondering.
The host did n’t let the reporter just ask questions, and quickly ordered another one.
"Mr. Williams, I am a reporter of" Forbes "magazine. After completing the reduction of 25% of AOL shares, Firefly investment will receive a huge amount of capital on 10 billion USD. What are your next investment plans and will continue to focus on high-tech Field? "
“For the time being, we have no detailed plans for this fund. However, traditional industries have basically formed a relatively stable industrial structure. Firefly is also very unfamiliar with these fields, so focusing on opportunities has more potential for development. The larger new technology field is certainly. "
Actually, Eric and Chris have discussed the ownership of the next fund.
Although it will not enter the stock market where the degree of foaming is very serious in the short term, it is absolutely impossible for the funds of 10 billion USD to be simply placed in banks to eat interest.
Because this fund will be used again in about two years, Eric plans to invest in various types of short-term convertible bonds. Compared with banks with an annual interest rate of less than 3%, investing in bonds will get 5% of the annual income Still no problem, moreover, such investment can generally be converted into cash again within 12 months.
However, this is certainly impossible to be honest with the reporters in front of you, so Eric has to be sloppy. He actually did not lie to these people, but just reinvested in the technology field. At least until the technology stock bubble burst after 2000, then This is a good time to bargain at a low price.
The chances of Eric appearing in front of the media are too few. The reporters on the spot continuously asked a series of questions on Eric. The topic finally even turned to the movie he was in shoots, but he was jokingly refused to respond by Eric. The reporters finally Before turning his attention to several others.
After the press conference, I dealt with some trivial matters, and it was already evening before I knew it.
In order to celebrate the successful completion of this transaction, John · Mark, under the name of Morgan Stanley, packed the Window of the World restaurant on the top floor of the Petronas Twin Towers.
In the restaurant of Window of the World, a senior executive who had dealt with the first Boston, Chris and Eric walked to the window overlooking the entire Manhattan, looking at the city with lights under their feet and laughing: "The first Boston also wants 5 million Stocks, if we raise the price a little now, we might be able to sell them all. "
"It's an IPO," Eric Basic Instinct resisted the unlucky high-rise building at his feet, but he didn't show it on his face, holding a glass of red wine in one hand and the other in his pocket. Now there is no need to grow a branch outside the festival, let's take this 10billion USD and talk about it. "
Although according to the current stock price of AOL, 10billion USD sells 25% of the stock, Firefly investment is equivalent to giving up about 2billion USD of interest. But in fact, in the whole process, Firefly investment is definitely the most profitable one.
After all, according to the development process in the memory of Eric, from the birth to the fall of AOL, all the profits generated in more than ten years are added together, there is no 10billion USD.
These investment institutions, who now think they are taking advantage of the stocks obtained from Firefly investments, will immediately sell the stocks if they can withstand the temptation of the stock price to rise quickly if they pass the lock-up period six months later. But Eric is sure that there will definitely be a large number of people who can't suppress the greed in their hearts. They wait until the Nasdaq crash before awakening, but regret it.
Someone always asks where the money lost to stockholders after the stock market crash is actually earned by people who are willing to pull in time.
“From the current situation, the other 15% of the stocks can be sold in the next month. I will then select a list of recently issued high-quality bonds. Let ’s say that if the bonds on the Firefly Group side If the sale is not completed, we can buy some by ourselves. When are you going to return to Los Angeles? "
Eric said: "Tomorrow afternoon, we will continue shoots of" Gravity "on Monday."
Chris nodded and said, "Oh, do you really invest in 1.6 billion USD for the promotion of 3D and IMAX movies?"
"Yeah," Eric smiled with ease: "According to the preliminary plan, the global4000 3D screen, the average cost of each piece of renovation is 300,000 USD, Jeffrey is discussing the details of cooperation with major theaters. North America and 200 overseas companies We plan to operate the IMAX theater by ourselves. Because of the location, the cost in this area is not very certain. On average, 4million USD per theater should be available. In this way, it is 1.6 billion USD. "
Chris listened carefully, and finally shook his head, saying: "It's too risky."
"When you will see the film of" Gravity ", maybe you won't think so," Eric said confidently: "And, I can afford this risk now."
The two were chatting, John · Mark brought another middle-aged man, and Eric and Chris stopped talking and greeted them politely.
After some entertainment, Eric left the reception early at nine o'clock.
Send Carolyn and Meyer to the apartment on Sixth Avenue, and tell me that Eric will rush to Eath Hampton at night, and will leave tomorrow afternoon. I must still look at the children.
It was already 11 o'clock in the evening when we arrived at Eath Hampton. The car slowly drove into Linhai Manor. Joanna was waiting in the yard with a maid.
After seeing Eric get off, Joanna comes over with these joys in his expression, and softly calls: "Eric."
Eric hugged Joanna, kissed her lips, and said, "Are the little guys asleep?"
Joanna smiled and nodded, ordering the maids around to bring Eric bodyguards to the villa next to them, and then walked into the main villa together with Eric.
Help Eric hang the coat on the hanger thoughtfully, Joanna turned to see that Eric had changed shoes, and naturally walked with him towards the children ’s bedroom, while whispering: "Xiaxia and Kevin at nine I fell asleep more often, and it didn't take long for Emma to fall asleep, and the little guy became more and more naughty. "
"Then I will teach you a good lesson tomorrow," Eric smiled and pushed away a bedroom lightly with Joanna, and did not turn on the light. With the bright light in the corridor, a small person could be seen Lying on a small bed.
Going closer, Joanna carefully helped Hawaii to sort out the blanket on her body, gently touched the delicate face of her daughter, and then withdrew her hand. Seeing that Eric also had to stretch out some rough big hands, and whitened him, Reach out.
Eric had to bow his head and gently kissed his daughter's forehead, and looked at it quietly for a while before stepping out of the room.
As the age increases, the three little guys already have their own rooms.
Eric followed Joanna and watched Kevin and Emma, and the two went upstairs together.
"Vicky didn't mean to concentrate on looking after Kevin in the future, why did I go to film again?" In the bedroom on the second floor, Eric took off his shirt and asked with dissatisfaction.
Joanna helped Eric with bath water in the bathroom and said, "It's just a small character, and it's finished in a week. You don't know Vicky's temperament. She can't bear to stay at home and watch children. "
As Eric said, he took off his trousers and threw it into the bed. He walked into the bathroom and said, "There is no need to go to the filming, but also go to Vancouver and do something else."
"Oh, I ca n’t control her. Next time you come back, you tell her."
"It seems that I need to learn a lesson too," Eric said with a smile, stepped into the bathtub, and saw that Joanna was about to get up and leave, reaching out to hug the woman without taking off his clothes, and hugged him in directly.
"You, the clothes are all wet," Joanna struggled a little, and leaned back in Eric's arms, feeling the man kissing finely between his necks.
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Joanna put Eric in the bathroom with bath water and said, "It's just a small character, and it's finished in a week. You don't know Vicky's temperament. She can't stand to stay at home and watch children. "
As Eric said, he took off his trousers and threw it into the bed. He walked into the bathroom and said, "There is no need to go to the filming. I also went to Vancouver to do something else."
"Oh, I ca n’t control her. Next time you come back, you tell her."
"It seems that I need to learn a lesson too," Eric said with a smile, stepped into the bathtub and saw Joanna getting up and leaving, reaching out to hug the woman without taking off his clothes, and hugged him in directly.
"Ah, your clothes are wet," Joanna struggled a little, leaning against Eric's arms, feeling the man kissing softly between his necks.
......