Domineering Mr. CEO and His Impudent Love - Chapter 169
Chapter 169: Chapter 172: The Collapse of the Gray Family
Translator: 549690339
On the phone, the anxious voice of Gray Group’s current CEO, Bratt Williams, came through, “Yes, two hours ago, someone in the market started short-selling Gray Group’s stocks. 1 immediately sent someone to do more to pull back, but the other party’s funds seem to be inexhaustible. Within less than two hours, Gray Group’s stock price has already been lowered by 20%.” “Mr. Gray, I called to ask you, should we close our positions now to stop the loss, or continue to buy more to raise the stock price?”
Rowena Gray was stunned for a while after hearing the other party’s words, unable to recover her senses.
She didn’t understand business; this CEO named Bratt Williams was a talent she had specifically dug up from abroad.
Since she and Madam Gray took over the Gray family, they replaced the old men loyal to Lily Gray’s parents and only kept a group of senior executives willing to obey them.
Usually, it was fine, but when faced with a crisis, there was no one truly reliable by their side.
“No, Gray Group’s stock price cannot fall; you must find a way to stabilize it!”
They had just won a lawsuit; originally, Lily Gray held 40% of the Gray’s shares, Rowena Gray held 5%, and Madam Gray held 10%.
Later, when Lily divorced Austin Lucas, he took 20% of the shares, and they snatched the remaining 20% of the shares.
Some time ago, it seemed that Austin Lucas was short on liquid funds, so he sold the 20% of the shares to them at a slightly lower market price.
Now, Rowena Gray and Madam Gray together have 55% of Gray Group’s shares.
In order to buy the 20% of Gray Group’s shares from Austin Lucas, Madam Gray and Rowena Gray had invested almost all their available funds.
If at this time, Gray Group’s stock price plummets and becomes worthless, they can only declare bankruptcy.
“Mr. Gray, if you continue to add more, you may end up losing everything in the end. It’s not too late to cut your losses now; even if the Gray Group’s shares are sold at this price, you and CEO Gray can keep a large sum of money and make a comeback.”
Bratt Williams is a professional manager, and he has no emotions towards Gray Group.
For him, keeping the mountain is not afraid of no firewood; rather than save a company that is clearly being targeted, it is better to keep the money for a future venture.
His approach, although lacking in corporate spirit, is a good way to protect himself wisely.
If Rowena Gray really listens to him, she might be able to keep half of her fortune.
“No, absolutely not!” Before Rowena Gray could say anything, Madam Gray snatched the cell phone from her.
“No matter how much it costs, Gray Group must be saved! If Gray Group is gone, where will I have the face to see my husband again! Gray Group must not fall, absolutely not!”
Madam Gray, who holds the largest stake in Gray Group, has to be listened to by Bratt Williams.
“If you don’t have the money to fight with the other party, it’s okay, go and borrow from the bank; just take my shares. In the end, 1 also have several properties in my name, all put in, you must pull back the stock price!”
Rowena Gray’s eyes turned red when she heard Madam Gray’s rescue plan at all costs!
Madam Gray doesn’t understand the ups and downs of the business world. A 20% drop in stock price in two hours clearly means the opponent is well prepared. Facing such an opponent, Gray Group is not something they can hold onto just by wanting to.
Rowena Gray secretly thought that she must leave a way out for herself.
Originally, the atmosphere was still full of laughter, but it suddenly became gloomy and cloudy.
Three days later, Gray Group’s stock price had already dropped below the freezing point, and people holding Gray Group’s stocks were quickly selling them off. The stocks, which were worth no more than trash, were all bought back by those with an agenda..
