America’s Road To Wealth

  Chapter 213 Dividend Assembly

2001.

   February 20.

  Smith Capital, Smith Building.

  First floor.

   Here today, it was temporarily arranged as a meeting room.

  A place of 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 couldn’t come because there was really no time.

   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 a longer time together, and Baron Hilton's perception of Ted Lener improved a lot.

  Barron Hilton's astute discovery.

   Ted Lener's flamboyant appearance is probably a faux pas!

  With the addition of 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 here together.

  When getting off the bus.

   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:

   "For the second and third phases, I didn't have enough funds at that time. I only invested 10 million U.S. dollars."

   "I heard that a new third phase of private placement has been opened this time. If the cycle is still 180 days. Then even if I mortgage Ted Lena, I will put all my positions 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 Barron Hilton.

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

  A high platform surrounds the middle.

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

  According to Ted Lener's character, he originally wanted 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 issue, if you sit at the front, it may become a joke." Barron Hilton said.

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

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

  The meeting started at 9:30, and the seats were almost full by 9:00.

   "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!"

   Barron Hilton nodded.

  The building of Smith Capital has a good location, and 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 is obvious that it feels a little unworthy.

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

  The time was close to half past nine, and more and more people came.

  Many of them were people that Baron Hilton and Ted Lener knew.

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

   Subscription investors, except those Wall Street companies.

  Most of them are rich 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 fame really spread across 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.

  Barron 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.

   is that 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 was a different occasion, there would probably be rich people asking their assistants or bodyguards to bring in water on the spot.

   Or just leave angrily.

   There were more than a hundred people in the audience, and few of them unscrewed the water bottle.

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

   Soon, it was half past nine in the morning.

  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 a hundred rich and wealthy people, some people started to applaud.

   Soon everyone was mobilized, and everyone applauded.

   Ted Lener 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.

  The one who stepped up to the high stage was the insignificant deputy general manager Merio in Smith Capital.

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

   A thin document was sent to every investor present.

   One copy per person, the 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.

  Melio on the stage said very directly——

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

  Melio gave full play to his eloquence.

  Every investor has a copy of the plan and the things they have known for a long time, and they are full of passion and eloquence.

  Pile up rhetoric and use gorgeous words, giving people a feeling of ignorance.

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

   I have to say that this is also a skill.

  Abel is very satisfied with Merio, 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.

   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 glanced 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 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."

   "No problem."

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

  Profits and management expenses, what is said is not written clearly 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.

  There are not many people participating in the project in the conference room, a total of one hundred 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 3 billion US dollars, so there are more wolves and less meat.

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

   There are at least two hundred people on the first floor.

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

   Be careful, it will be beneficial and not harmful 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 learn the truth later, it is not good to be angry and repent."

  Abel said: "Tell them directly and clearly. Also tell them my guarantee. Whether to invest or not is their own business."

   "Understood~"

   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 came to find Abel.

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

   Lehman Brothers CEO Richard Fuld.

   "Mr. Smith! I have 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 a little upset.

  Philip Purcell also 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 is the fastest to cast, and the least loss.

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

  Philip Purcell is right.

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

  The general manager of Smith Capital doesn’t know how these Wall Street tycoons will react if he tells that the three phases of private equity are 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 own "king" talk about this kind of thing.

  David thought to himself.

   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 a little wrong after speaking.

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

   "I said." Abel smiled and said, "I will not be responsible for the latest three private placements. Their quota is only 500 million U.S. 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."

  Abel made it very clear this time.

  The people next to him also heard clearly.

   The tycoons 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 presided over 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 situation. 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 we recruit

   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.

  Phase 4, 5, and 6 are out this time.

  The relationship between everyone 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 is 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

   Then 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 of PNC Financial Services Group. Nice to meet you."

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

  Abe doesn't know this Lincoln.

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

  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 established 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 terms of analogy, it is almost equivalent to Citibank in the Citigroup consortium.

  Or a combination of Wells Fargo and Goldman Sachs.

   This is also a giant in American finance.

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

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

  In later generations, Lincoln is in charge of this BlackRock fund.

   It has become the investment fund with the largest amount of managed funds in the world.

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

   This is 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 was in charge of one-third of the U.S. debt.

  What kind of concept is this?

   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.

  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 the attractiveness to the rich and Wall Street is far inferior to that of 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 the PNC Financial Services Group has sent Lincoln over to establish 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 won't lose money, at most it will make Goldman Sachs earn a little less.

   Paulson really 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 difficult to recruit.

  The private placement of a total of about 1.5 billion US dollars went very smoothly.

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

   Even the share is only about 900 million US dollars left.

  Those LPs who heard that these private placements were not managed by Abel, and were not interested in them at first.

  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.

  So, the 4th, 5th, and 6th private placement of Smith.

  These fund companies have not yet launched to the market.

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

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

   Here comes the moment. .

  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)