Chapter 130: Chapter 130 Acquiring Noah's Ark
"I'm planning to have Fred take people to develop in Las Vegas this time. Do you have any objections?" Sigel asked.
Hardy smiled. "Of course not."
"Allen Payne will be in charge of the Los Angeles Austrian Gang territory. Things are on track here. He can handle small matters, and Fred and I will come back for big issues."
Hardy bid farewell to Sigel and went back to have Andy prepare the money.
He only had more than one million in cash, which was borrowed from the bank by Hardy after the last surge in Wash Mining's stock.
He was almost broke again.
But he also got Noah's Ark Film Company and a Beverly Hills mansion. Not to mention the value of the film company, the mansion alone, covering 4 acres in Beverly Hills, could sell for over $5 million in just a decade.
...
The next day.
Both parties signed the agreement.
Sigel took the check and returned to Las Vegas to continue his dream.
Hardy didn't know if Sigel would still be assassinated in this life. The plot had changed significantly, and with Fred and a group of Austrian gang elites around him, he hoped nothing would happen.
Hardy brought Edward to Noah's Ark Film Company and called a meeting of all senior executives. People were puzzled as to why assistant Hardy was the convener.
Cohen was particularly unhappy, walking into the conference room and seeing Hardy. He questioned, "Assistant Hardy, why didn't you notify me in advance when you called a meeting of the company's senior executives?"
Cohen's meaning was clear. He was the general manager, and even if Hardy was the chairman's assistant, he had no right to mess around in the company.
Edward opened a folder and said with a smile, "I now officially announce that Mr. Sigel has sold Noah's Ark Film Company to Mr. Hardy. From today on, Mr. Hardy is the sole owner of Noah's Ark Film."
Given Hardy's situation, although he was the chairman's assistant, he had many other industries, like the famous HD Security. The hottest movie in theaters recently, "The Wild Bunch," was produced by HD Films.
Hardy stood up and said loudly, "I've been with Noah for over half a year, and I understand the situation here. I believe it's time for Noah to make some changes."
"I announce that Noah will merge with HD Films into one company, named HD Films. From now on, Edward will be the general manager of HD Films, and he will arrange other department personnel."
"We will also establish an independent agency company and a music company. Edward will discuss the details in the working meeting."
"Let's create our own superstars and expand our distribution capabilities across the US and worldwide."
Listening to Hardy's bold words, many people in the conference room were excited. Perhaps it was time for them to show their talents.
Cohen remained silent, knowing this place was no longer suitable for him. After the meeting, he handed his resignation to Hardy, who promptly signed it.
An era ended here, some people were bound to fall.
Moreover, Cohen hadn't done well. There were already significant complaints about him within the company. Noah's stagnation over the years was largely his responsibility.
Previously, HD Films had only rented a small office. Now they moved everything to Noah's location.
Noah's Ark actually had a solid foundation, with its own office building and complete film company departments, surpassing 99% of Hollywood film companies.
However, in order to realize Hardy's bold words, a lot of money needs to be invested. Hardy sighed again.
Lack of funds! Back at the security company, Hardy saw Andy and asked, "Andy, am I out of money again?"
Andy smiled and said, "Running out of money is normal for a boss. No investor lives with piles of cash, they all move forward in debt."
"But now we are short of money again. Without money, many things can only develop slowly. Andy, think of a way to make money quickly." Hardy said.
"Then let's play the stock market," Andy suggested.
"Stocks, Wash Mining? Manipulate it again to harvest the greenhorns?" Hardy asked.
Andy shook his head.
"I think Wash Mining is a quality asset with good future prospects. Plus, we've already done it once. If a stock's price fluctuates frequently, it will definitely attract regulatory attention."
"So what's your idea?"
"There are actually many stocks like Wash Mining in the stock market that are worth a few cents. They are all junk stocks with no income and no prospects. No one is willing to invest in them. They will be delisted after some time."
"There are two ways to make money with them. One is to manipulate the stock price to soar and leave the market with arbitrage at a high level. This method is short, flat and fast. Many financial companies do this."
"Another way is to acquire those junk companies, repackage them, and release good news to raise the stock price."
"The second method will progress a little slower, but this method is more reliable and has no future troubles. Even if the Securities Regulatory Commission comes to investigate, it won't find any problems."
"Such A simple method—don't other financial companies do it?" Hardy asked.
"Of course, and there are many. In fact, there are people doing this all the time on Wall Street, but they just won't let outsiders see it." Andy said with a smile.
"There's a saying in finance: 'The real way to make money is to transfer the money from other people's pockets into your own.'"
"The financial circle has never been a place to make money for others, but a place to make money for yourself. If you want to play in the stock market, you have to be a banker."
"The victory of the war is very beneficial to the future development of the United States. The stock market is performing very strongly. Now the US stock market is in a bull market. Many people are eager to invest and make money. If you package those junk stocks well, they will definitely sell for a good price."
Hardy knew that this method was to cheat people.
However, he didn't care.
Hardy has learned one thing from being a gangster, and that is to survive, you have to be ruthless regardless of the situation.
"Andy, I think this idea is great. Let's start!" Hardy decided.
Andy smiled, knowing Hardy wouldn't miss this opportunity.
"First, we need to select a batch of suitable companies, recruit operators, and preferably establish a financial company. This way, funds can be handled more conveniently."
"I'll leave it all to you. I'll give you 1 million from the 2 million borrowed against 'The Wild Bunch'."
"What about the collaboration with MGM?"
"No problem. I'll talk to Mayer and see if he can advance the funds. If not, we'll shoot one film first and then move on to 'Singing in the Rain' next year," Hardy said.
Andy took out a stack of documents from a drawer and said, "These are stock market data. Let's choose suitable ones."