Chapter 519
Chapter 519
?Chapter 519: 192.
Where did Donnie’s funds come from?_4 Chapter 519: 192.
Where did Donnie’s funds come from?_4 Donnie looked at George Whitney with ease and said, “That’s not enough to see the cards in my hands!”
Soon, Richard Whitney announced the news that Jesse Livermore’s side had taken in the one million US Dollar’s worth of ABC shares in entirety!
“Impossible!”
Charles Merrill felt like his heart was about to leap out of his chest.
It was already seven million US Dollars.
Where on earth had Donnie managed to gather so much cash?
If Donnie really had prepared enough cash, then wouldn’t they…?
Thinking about a possibility he had never considered before, Charles Merrill began to break out in a cold sweat.
But at that moment, no one responded to Charles Merrill’s question; Richard Whitney was also looking towards George Whitney and the others.
Now that Donnie had taken their shares, it was time for them to make a move again!
So now…
should they continue?
Young Rockefeller and George Whitney both looked simultaneously at William Mellon, who had remained silent till now during the battle.
Seeing their gaze, William Mellon calmly stated, “Mellon has not provided Donnie with even a penny of a loan for this matter!”
The two men withdrew their gaze.
Without Mellon’s help, how had Donnie managed to gather that much cash?
“I need to make a phone call!”
Young Rockefeller got up; he needed to find out if the funding for Donnie was as he suspected.
Young Rockefeller stepped out of the lounge and dialed Nucky’s phone in Atlantic City.
“Has there been any large sum of money entering and then leaving the Surf Hotel?”
At this moment, Young Rockefeller began to suspect whether Donnie had chosen to expedite the laundering of his profits from the bootlegging business.
On the phone, Nucky denied this possibility, saying, “No, I’ve been keeping an eye on the Surf Hotel lately.
Its financial situation is very good, with no sign of any significant sum of money being transferred out!”
Although the Surf Hotel was under Donnie’s management, as one of its major shareholders, Nucky also had the right to investigate the financial situation of the Surf Hotel.
Young Rockefeller hung up the phone with a puzzled look on his face.
When he returned to the lounge, he shook his head slightly in response to the questioning looks from the others, and everyone showed the same puzzled expression as him.
Young Rockefeller again signaled to Richard Whitney to continue selling off ABC shares.
If they couldn’t figure out the source of Donnie’s funds, they would keep selling, believing that Donnie’s funds would eventually run out.
So, after a brief pause, the battle of short selling resumed!
The crowd in the trading hall, seeing this development, showed excited expressions.
They didn’t care whether Donnie had any cash left; they just wanted to see what kind of outcome this historic stock battle would reach!
With the gong ringing out!
Today, trading at the NYSE finally came to a close!
But everyone felt an unsatisfied longing, because the battle was not yet over.
According to estimates from concerned parties, just today, the transaction volume of the ABC stock alone reached a terrifying ten million US Dollars, surpassing the total amount of the last time Donnie Block shorted the Sinclair Oil Corporation!
On Donnie Block’s side, in the face of the several giants, he did not show the slightest retreat and even managed to achieve a victory of sorts.
That is, by today’s close, the share price of ABC had returned to 60 cents per share!
The ABC stock did not fall below its issuing price on its first day of release!
Facing such a result, Little Rockefeller and the others were naturally unhappy!
A few people left the trading hall with gloomy faces without greeting anyone, and when Donnie came out, everyone who didn’t leave noticed the smile on Donnie’s face.
Could it be that the battle was over?
Everyone had to think that way.
But soon, insider information came out: the battle was far from over, and Morgan hadn’t given up!
“Investigate!”
After returning to the Vanderbilt Hotel, Little Rockefeller said loudly, “Find out the source of Donnie’s funds, where did he get so much cash from!”
Originally, they thought that 5 million US dollars in cash was already the limit for Donnie, but now Donnie had taken out 10 million US dollars in cash, exceeding their predictions by double, which made them feel a sense of crisis.
Though it is said, finding out the source of Donnie’s cash for the average person would be impossible, for those in this room, it wouldn’t be so difficult.
Of course, such an operation would definitely be illegal!
But so what?
In the minds of these people, the laws of the United States never something they needed to abide by.
As Little Rockefeller’s words fell, several started making phone calls, inquiring about the source of Donnie’s funds, but this matter was ultimately an irregular operation, and it wouldn’t be something that could be cleared up in just a few phone calls or hours!
.
“Something isn’t right, where did Donnie get so much money from?”
Harry Sinclair was also puzzled, just like Little Rockefeller and the others.
He had been paying attention to this matter, and in fact, this morning before the NYSE opened, Little Rockefeller had already started fantasizing about Donnie’s failure today.
But when the day’s battle ended, not only did he not see Donnie’s failure, but he saw that Donnie had thrown out 10 million US dollars in just one day.
Such a result was unacceptable to Harry Sinclair!
The desire to see Donnie fail was almost becoming his obsession.
“I remember now, Miss America!”
Harry Sinclair suddenly said, the second Miss America had already concluded, and though Starry Entertainment hadn’t disclosed the income from the second Miss America, one could imagine that this event must have provided Donnie with a substantial amount of funds!
“No, that’s not right!” Harry Sinclair shook his head, continuing to mumble to himself, “Even if the income from Miss America was taken by Donnie for this matter, it would at most be a cash amount of one or two million US dollars, still not enough to sustain today’s battle!”
After dismissing his own thoughts, Harry Sinclair scratched his head and couldn’t help but ask, “Where on earth did Donnie’s cash come from?”
.
“Dad, something’s not right, Donnie Block couldn’t really be winning, could he?”
Walter Sachs was also expressing his doubts to his father, Seymour Sachs, at this time!
Seymour Sachs shook his head and said, “Winning is impossible.
10 million US dollars is a lot, but for this battle, it’s just the beginning, at most making it not so easy for the Rockefeller camp to win!”
“But what if Donnie can still come up with so much cash?” Walter Sachs asked.
Seymour Sachs thought for a moment and then answered, “10 million US dollars is already a huge sum, how could Donnie possibly have more funds?”