America 1919

Chapter 798: 273. Sell Sinclair Oil Corporation’s stock_3

After finishing his words, Donnie stood up and left the place, leaving Laze Madison and Archie Roosevelt looking helplessly at each other. They hadn’t expected their happiness to last for only a moment, and now they faced another problem!

“Al, we need more cash and more influential people.”

Laze Madison told Archie Roosevelt.

They couldn’t possibly give up on the Sinclair Oil stock in Donnie’s hands. Donnie’s stance was clear: he was holding out for a better offer, informing everyone of his intention to sell his Sinclair Oil Corporation stock so everyone would bid for it!

Archie Roosevelt was still somewhat dissatisfied with Donnie’s just-now attitude, saying, “I know who to find!”

After saying this, Archie Roosevelt left Laze Madison’s office.

So, on the next day, Donnie encountered a long-lost visitor.

Theo Roosevelt, the leader of the Theodore Roosevelt lineage.

“Theo, have you come to persuade me?” Donnie asked bluntly.

Theo Roosevelt said with some helplessness, “Donnie, no matter what you think in your heart, now that Alice is pregnant, our families are seen by outsiders as the staunchest allies. On this matter, I do hope you can give Al and them a bit more time, and with regards to money, I hope you can offer them a better deal!

Of course, I wouldn’t let you lose out for nothing; in the future, I will provide you with certain compensation!”

Archie Roosevelt’s scheme for Sinclair Oil wasn’t just his own idea but that of the entire Roosevelt Family, who wished to maintain their familial influence in the political realm, which required more financial support.

Sinclair Oil was part of their plan!

Donnie shook his head, “Theodore, normally, I should agree to your request, but not now. Acquiring Breton Bank is imperative, and I genuinely lack sufficient cash.

You just mentioned that with Alice, our families are the staunchest allies, but now you want me to abandon my own business plans to support Al. With that, we’ve come to oppose each other. Do you really want it this way?

What’s crucial is that I understand Al and I understand Laze Madison; they aren’t unable to gather enough capital, they just don’t want to undertake more expenses!”

Laze Madison and Archie Roosevelt have been frenziedly acquiring Sinclair Oil stocks recently, and with the continual reports of favorable Sinclair Oil stock prices, it could be said that Sinclair’s stock is now the most prime asset on Wall Street.

If they were willing to use their own stocks as collateral, Donnie believed that there would undoubtedly be many banks on Wall Street lining up to lend to them.

“Donnie, you don’t understand the situation. They’ve been able to acquire Sinclair Oil stock so smoothly because they’ve already taken loans from banks, and now they…”

Theo Roosevelt reminded Donnie.

Donnie smiled lightly, “Theodore, that’s not how it works. They must have some stocks that haven’t been mortgaged yet. If they were to use those stocks as collateral, they could buy a portion of Sinclair Oil stock from me. Then, by repeating this process, they would naturally be able to buy all the Sinclair Oil stock I hold!”

Theo Roosevelt nodded, not denying Donnie’s suggestion, “But you should also be aware that such a situation would put them in a very critical state. If anything even slightly bad were to happen, it could spell doom for them!”

Donnie shook his head, “Then there’s nothing I can do, Theodore. Whether as an ally or a relative, the most I can offer them is a couple of days. You should know that if I hadn’t approached them, I would have already sold the Sinclair Oil stocks I hold to those directors by now!”

Seeing Donnie’s firm stance, Theo Roosevelt also showed a hint of helplessness. He needed Donnie’s influence, which was undeniable. Moreover, because of the relationship between their families, Theo Roosevelt couldn’t threaten Donnie or take any action against him.

“Alright, in two days, I’ll have them come to you!” Theo Roosevelt said reluctantly.

Donnie smiled, “Good, I’ll be waiting for them!”

Theo Roosevelt said, “When you return to Atlantic City, let’s go back together. It’s been a long time since I’ve seen Alice, and I should visit her!”

“Alice will be very happy if she knows about it!” Donnie said with a smile.

Two days later, Donnie signed a stock transfer agreement with Laze Madison and Archie Roosevelt, selling his Sinclair Oil Corporation stock to the two of them at a very attractive price.

This price was double that which Donnie had initially paid when buying stock from the Rockefeller Family, which did indeed alleviate Donnie’s current financial pressure!

However, when the deal was made public, Donnie’s decision sparked widespread discussion on Wall Street: everyone thought that Donnie