America's Road to Wealth

Chapter 215 The penny conference
2001 years.

2 month 20 day.

Smith Capital, Smith Building.

first floor.

Today, it was temporarily arranged as a meeting room.

About 700 square meters, filled with many seats.

Most of the investors in the first phase of private placement of Smith Capital came today.

Representatives were also sent to the part that was really not free and could not come over.

Ted Lener and Barron Hilton, the two rich New Yorkers who were free, came together.

At the last Smith Capital investment reception.

The two spent more time together, and Baron Hilton's sense of Ted Lener improved a lot.

A keen discovery by Baron Hilton.

Ted Lener's flamboyant appearance is probably a fake!

In addition to Ikana and Paris, the relationship has also improved recently.

This made the relationship between the two New York businessmen also very good.

Today, the two of them made an appointment to come together.

when getting off.

Ted Lener looked eager and said to Barron Hilton:
"Hey, Barron. How much do you think our rate of return can be today?"

Barron Hilton replied:

"Then I don't know. But it was already this high last time, so it should definitely be higher this time, right?"

"Okay." Ted Lener said with a smile:
"In the second and third phases, I didn't have enough funds at that time. I only invested 1000 million US dollars."

"I heard that a new three-phase private placement has been opened this time. If it is still a 180-day cycle, then even if I mortgage Ted Lena, I will put my entire position on it!"

"Haha~" Barron Hilton said with a smile:
"I guess many people think this way today! By the way, let me tell you, I actually think the same way."

Ted Lener smiled slightly, and entered the Smith Capital building together with Baron Hilton.

In the hall on the first floor, the seats are arranged in a circle.

There is a high platform in the middle.

The seat does not have a name, and the staff of Smith Capital also said with a smile that they can sit wherever they want.

According to Ted Lener's character, he would have liked to sit in the front.

But in the end, he was pulled to a remote place by Baron Hilton.

"Our investment is too little. In this period, if you sit at the front, it may become a joke." Barron Hilton said.

Ted Lena felt that it made sense, and the two sat on the back wall which was relatively remote.

Both of them came earlier, so many people came one after another.

The meeting started at 09:30, and the seats were almost full by nine o'clock.

"It's so lively." Ted Lener whispered to Barron Hilton:

"It's just that the occasion is not high enough. Smith Capital's building is too small!"

Baron Hilton nodded.

Although the location of Smith Capital's building is very good, it even has a dedicated parking lot.

But it used to be a medium-sized supermarket, and it was in Queens, near the East River in New York.

The overall area is actually not very large.

For ordinary small and medium-sized companies, it is possible to have such an office here.

It can be said that it is already very good.

But for Smith Capital, which is growing rapidly, it obviously feels a little unworthy.

The company's headquarters building is not worthy of a rapidly growing company!

As the time approached 09:30, more and more people came.

Many were also known to Baron Hilton and Ted Lener.

This is mainly because of the first private placement of Smith Capital.

Subscription investors, except those Wall Street companies.

Most of them are wealthy people in New York City.

Because at that time, Abel's reputation was not that great.

In addition to being familiar with him on Wall Street, he has also been heard by rich people in New York.

Abel's name really spread throughout America.

That will have to wait until he acquires MGM and triggers the "Smith Storm".

Only then did many Americans know him.

It also let more rich Americans know that there is a new Peter Lynch on Wall Street.

In this way, the first phase of private placement.Those who subscribed were naturally rich people in this city.

Baron Hilton and Ted Lener, both of them have been in New York for many years.

Of course they are very familiar with these people.

It can be said that today is a gathering of the rich circle in New York.

That is, Smith Capital provided nothing.

There is only one seat per person and a free bottle of drinking water.

Even the drinking water is not the Evian they drink most often, but just a bottle of "Dasani" purified water owned by Coca-Cola.

Its pricing and brand in the United States are probably similar to C'estbon after China.

If this were another occasion, there would probably be rich people asking their assistants or bodyguards to bring water in on the spot.

Or just leave angrily.

There were more than 100 people in the audience, and few of them unscrewed the water bottles.

Most of them find a few rich and wealthy friends who are familiar with each other, and chat quietly together.

Soon, 09:30 am arrived.

When the time is up, the elevator opens at the elevator hall.

Walking out of it was a group of Smith Capital executives headed by Abel.

I don't know who took the lead, but among the more than 100 rich and wealthy people, some people started to applaud.

Soon everyone was mobilized, and everyone applauded.

Ted Lena and Baron Hilton, they applauded and saw that Abel did not go directly to the high platform.

He sat directly in the nearest few seats just now.

On the contrary, it was the insignificant deputy general manager of Smith Capital, Merio, who stepped onto the stage.

Merio didn't speak immediately, but asked the staff of Smith Capital.

A thin document was issued to every investor present.

One copy per person, above is the first phase of private equity fund of Smith Capital.

General data, and dividends that everyone can get.

When these are sent out.

Merio on the stage said very directly——

"Everyone, half a year has passed in the blink of an eye..."

Merio gave full play to his eloquence.

Each investor has a copy of the plan, and the things that have been known for a long time, are described with passion and eloquence.

The rhetoric is piled up and the words are gorgeous, giving people a feeling of ignorance.

It's just that you can't think carefully about these words, once you think about it, you will know that he is pouring water.

It has to be said that this is also a skill.

Abel is very satisfied with Melio, and everything that this guy does can be arranged properly.

1450 companies are all thriving, and it is said that they will start making profits next month.

It is indeed a qualified company steward.

The speech lasted for seven or eight minutes, and the atmosphere of the scene was rendered in place. Merio took a look at Abel.

"Thank you, Merio."

Abel stood up and took the lead in applauding. When the audience saw it, they naturally applauded together.

"Everyone, long time no see."

"My deputy general manager has just said it in detail, and I won't repeat it too much."

"Today is a money-sharing meeting."

"Everyone has the information on hand. Do you have any doubts about the amount of funds above?"

"Or, if you think there is something wrong or unreasonable, you can bring it up."

Ted Lener was the first to take the lead in the audience and said, "No problem."

"no problem."

"It's all right."

Everyone present knew very well that this meeting was more formal than actual, but it was necessary.

Profit and management expenses, what is said on the mouth is not clearly written in black and white.

More importantly, after everyone sees the numbers on the file.

At this time, one or two were already happy in their hearts.

Including those investment banks.

They were all surprised, shocked and satisfied with the profits of the Smith Capital Private Equity Fund this time.

If it wasn't for Abel who was speaking at this moment, these people would start talking.

Abel didn't even get on the high stage, he just stood in front of his seat, holding the microphone that Merio sent over.

"Look at the distribution plan, and sign if there is no problem."

"The principal and profits will be remitted to your accounts before five o'clock this afternoon."

After Abel finished speaking, he sat down to talk with David, and Merio distributed the prepared contract to everyone.

Not many people participated in the project in the conference room, a total of 100 people.

In fact, according to the relevant laws of the United States, the upper limit of private placement can reach 200 people.

After all, there is only a share of 30 billion US dollars, so there are more wolves and less meat.

But plus the assistants they brought over, as well as the employees of Smith Capital to maintain order.

Now there are at least 200 people on the first floor.

Matters involving money should be carefully checked to avoid loopholes in the contract.

Be careful, and it will be beneficial and harmless to the cooperation between the two parties.

"David, let's announce the 4th, 5th, and 6th issues to them later."

"That's not a matter for you to manage funds. Do you want to announce it on the spot?"

"Of course. After all, there is a repentance period. If they decide to invest, and they find out the truth later, it's not good to be angry and repent."

Abel said: "Tell them straight and clear. Tell them my guarantee. Whether to invest or not is their own business."

"Understand~"

David Mellon nodded.

The two were talking, when suddenly five or six people came and blocked them.

Of course it wasn't someone from FBl or ClA who came to arrest the two.

It was a few investment bank CEOs who came here on a special trip today, and they gathered together.

They're coming for Abel.

The first one to speak was the straight-tempered Wall Street Bulldog again.

Lehman Brothers CEO Richard Fuld.

"Mr. Smith! I heard it just now. The 4th, 5th, and 6th private placement of Smith Capital is about to start."

"As a member of the board of directors of Lehman Brothers, one of the shareholders of Lehman Brothers Bank. You can't forget us!"

Let Richard Fuld speak first.

Philip Purcell of Morgan Stanley was feeling a little off.

Philip Purcell hastened to say:

"Mr. Smith! Don't forget, it was Morgan Stanley who introduced you to the board of directors first!"

The last time Abel fought against Wall Street investment banks.

Morgan Stanley was the fastest pitcher and the one who lost the least.

Naturally, they were also the first to have Abel on their board of directors.

Philip Purcell was right when he said that.

David Mellon opened his mouth next to him, but finally did not dare to speak.

The general manager of Smith Capital didn't know how these Wall Street giants would react if he said that the three private placements were not under Abel's jurisdiction at this time.

David felt that the reaction might not be good.

He finally decided to give up.

Let your "king" talk about this kind of thing.

thought David.

Just when the presidents of Merrill Lynch and Bear Stearns wanted to speak, and even Paulson wanted to speak.

Abel smiled:

"Well, Smith Capital is honored by your enthusiastic support."

"But if I am not in charge of these private placements, I wonder if you are still interested?"

"Of course I'm interested." Richard Fuld said quickly, and the Bulldog felt something was wrong after speaking.

Richard Fuld looked at Abel, "What did you just say?"

"I said." Abel said with a smile: "I will not be responsible for the latest three phases of private placement. Their quota is only [-] million US dollars."

"I can only guarantee that they will not make investors lose money. As for how much they earn, that's none of my business."

This time Abel made it very clear.

The people next to him also heard clearly.

The giants of several major investment banks looked at each other in dismay and glanced at their peers.

Paulson, who had been silent all this time, suddenly said:

"If so. With all due respect, Mr. Smith."

"Then the attractiveness of these private equity funds to us will be discounted."

The other giants didn't speak, but they all nodded.

Everyone came for Abel, but Abel told them.

The new private placement Abel will not be responsible, but only guarantees that it will not lose money.

For Wall Street giants like them, the attraction is almost equal to nothing.

Everyone is rushing to the private placement of Smith Capital.

It was originally for the super exaggerated profits hosted by Abel.

If it's just normal Wall Street profits, then they can do it themselves.

Sometimes if you are lucky, it is not impossible to achieve more than 100% profit.

Facing the appearance of these people, Abel shrugged:

"This is the case. I have explained it directly to you. How to choose is everyone's business."

"Of course. I will continue to be responsible for the investment in the second and third phases."

Smith Capital Phase II and Phase III Private Equity.

When recruiting

It happened to be the time when he had a bad relationship with the investment banks on Wall Street.

At that time, Smith Capital also restricted the purchase of these two private equity funds.

Finally, those relatively large Wall Street investment banks have not obtained the subscription qualifications for the second and third phases.

This time, the 4th, 5th, and 6th issues are out.

Everyone's relationship has also eased.

They thought that they could take advantage of the situation to subscribe at this time, so as to get on the chariot of Smith Capital.

Unexpectedly, the chariot was indeed the chariot of Smith Capital.

But not Abel's Super 99a or M1A2SEP.

But Smith Capital is equivalent to T34 during World War II
So what else is there to do?
Aren't they better themselves.

Seeing Abel reconfirming, the attitudes of several giants have cooled down.

But at this time, Lincoln, the general manager of PNC Financial Services Group and its BlackRock Fund, who was outside the crowd, suddenly said loudly:
"Mr. Smith! BlackRock Fund is willing to subscribe for the 4th, 5th and 6th private placement of Smith Capital!"

Everyone immediately looked at Lincoln.

Lincoln also took the opportunity to squeeze in, came to Abel's side, and stretched out his hand to him with a smile:

"Hi, Mr. Smith. I'm Lincoln Johnson, Managing Director of BlackRock Funds at PNC Financial Services Group. Nice to meet you."

Abel smiled and reached out to him, "Hello, Mr. Johnson, I'm Abel Smith, and I'm glad to meet you."

Abe didn't know this Lincoln.

But he knew about PNC Financial Services Group, and the existence of BlackRock funds.

PNC Financial Services Group is also a financial behemoth in the United States.

The establishment of this company is not very long in the financial world.

It was founded in 1982 and is headquartered in Pittsburgh, Pennsylvania, in the eastern United States.

But it is also one of the serious Wall Street giants, and its influence is more likely to be higher than pure investment banks like Goldman Sachs.

Because of its subsidiaries, it is also a financial service group that includes commercial banks, investment banks, hedge funds, insurance business, reinsurance business, etc.

In analogy, it is almost equivalent to Citibank in the Citigroup consortium.

Or a combination like Wells Fargo and Goldman Sachs.

This is also a giant in American finance.

It's just that Lincoln in front of him is just the general manager of the BlackRock Fund.

It is equivalent to a prince under a giant, and a high-ranking person with a relatively important status.

In later generations, Lincoln was in charge of the BlackRock fund.

It has become the investment fund with the largest custody funds in the world.

At its peak, it once managed close to ten trillion dollars of funds.

It's definitely a scary size.

We must know that by 2022, the size of the entire U.S. debt will be about 31 trillion U.S. dollars.

At its peak, BlackRock managed a third of the U.S. debt.

What is this concept?
If you still don't understand, there is another object of comparison.

In 2021, the GDP of rabbits will only be 17.73 trillion US dollars.

Those BlackRock funds are still cash assets!
It can only be said that there are too many rich people in this world.

There are too many people who are eligible to be hung on street lamps.

Fortunately, at the moment, the BlackRock fund is not as dazzling as it will be in later generations.

At least it is far less attractive to the rich and Wall Street than Smith Capital at this time.

Otherwise, Lincoln's attitude would not be so good at this time.

Seeing Abel and Lincoln, they chatted eagerly.

Several investment banking giants are aware that this time PNC Financial Services Group has sent Lincoln to have a relationship with Abra.

After thinking about it carefully, Paulson suddenly interjected:

"Mr. Smith. Goldman Sachs is also willing to subscribe for a certain share."

It was more important for Paulson to draw himself closer to Abel.

Anyway, it will not lose money, at most it will make Goldman Sachs earn a little less.

Paulson resolutely opened his mouth.

Even Goldman Sachs, where Abe is not on the board.

The giants of the other investment banks can only cooperate.

In the end, several other people also expressed that they would subscribe for a certain share.

This also made David feel that it was not easy to recruit.

A total of about US$15 billion in private placements went very smoothly.

At the end, when David announced to the other rich people present.

Even the share is only about 9 million US dollars left.

Those LPs who heard that these private placements are not Abel's management, and were not interested in them.

When I heard that giants such as Goldman Sachs and PNC subscribed a lot.

They also changed their minds immediately, and many people chose to subscribe.

Ever since, the 4th, 5th, and 6th phases of Smith's private placement.

These fund companies have not yet launched to the market.

Directly in this money-sharing meeting, it was divided up. .

And it's just because of Abel's guarantee, and it's for his name. .

This moment has come. .

Abel was finally sure that his position on Wall Street was complete.

The attitude of these people is the best proof.

(End of this chapter)