Chapter 64: Once the arrow is shot, there is no turning back
After Song Yang and Eric looked at each other, they nodded to Jiann and asked him to contact his backers at Co-America Bank. In his well-funded department, if he said he had no support behind him, he would have been transferred long ago.
Seeing Jaan leaving, Gray pulled Song Yang aside, lowered his voice, and said to Song Yang, "You are taking a risk. Even if you get a loan from Jaan, can this line be built? Will Wall Street buy it? Those people spent tens of millions of dollars just for the right to use it?!"
Greg still finds it ridiculous. To get money from Chris Jain, he would have to bet on DoubleClick. If he loses, then he will lose everything and be back to square one overnight.
The atmosphere in the meeting room was a bit depressing. Greg, Spivey, Gallo and others all looked over here.
"Once the arrow is shot, there is no turning back. This is an opportunity. If you miss it, you will never have it again!"
Song Yang looked at Greg and said, it was not just about getting some cash, but more importantly, it was an opportunity to enter the American telecommunications and media industry, which would not be available in the next few decades.
Greg looked at Song Yang with a determined expression, finally sighed, shook his head, and returned to his seat, ready to continue negotiating with Bank of America, thinking that no matter what, he had to leave some assets for the Bruno family.
More than half an hour later , Jiann shook off his previous dejection and walked back in high spirits. It was obvious that he had a very good talk with the director of the Bank of America.
"We can discuss this project. Someone from the Co-American headquarters will come today to conduct a risk assessment on this project, but Song, you need to provide sufficient industrial collateral!"
Jia En looked at Song Yang and Eric and said, this is a loan of 300 million US dollars. If there is any problem, not to mention what will happen to Song Yang, Jia En and the director behind him will also be in trouble.
"But we require that Co-America Bank also sign a confidentiality agreement. This news must not be leaked!"
After hearing Song Yang's words, Jia En immediately shouted in dissatisfaction, "Song, do you know how much risk I have to take for your project? If this project fails in the end, I'm afraid I will be taken to federal court by the Bank of America. You still don't believe me?!"
"Then I will hire you the best lawyer in America," Song Yang said, and Jian En's face changed color. "It's not that I don't trust you, but I don't trust the other people in the Bank of America. You know how important this project is."
Jia En looked at Song Yang and nodded. "I can ask everyone who comes into contact with this project to sign to ensure that this project will not be leaked inside the Bank of America, but you also have to manage your people well, especially the construction team!"
Jia En and Song Yang warned each other. Jia En said, "Song, you know, even if I and the person on the board of directors of Co-American Bank are willing to support you, you still need to put up enough property as collateral . This is 300 million US dollars!"
"I want DoubleClick Company to mortgage all its shares to the Bank of America, including RICK Company. Otherwise, I won't be able to give you the money from the headquarters!" Jain also involved Eric's RICK Company.
Eric looked a little hesitant for a moment, but after looking at Song Yang, he nodded in agreement.
"All the shares of DoubleClick Company held by Song are mortgaged?" Greg couldn't help but said to Jain, and Song Yang held Greg.
"You should be thankful that the Internet industry is booming right now..." Jain muttered. If it weren't for the booming Internet industry and the skyrocketing valuations of famous companies, the director of America Bank would never have dared to do this.
Song Yang was relieved had two major projects, Hotmail and ICQ. If anything went wrong, he would still have a chance to make a comeback and he wouldn't have to move into that roadside garage and eat fast food every day.
By the evening, risk assessors from Bank of America finally arrived in Houston from the Austin headquarters.
The group of people who came had obviously been briefed. After a brief chat with Jain, they began to review the project.
The risk assessors at Bank of America first questioned Spivey in great detail, including how big the high-frequency futures trading market is, how many companies are involved in this field on Wall Street, how much impact Internet speed has on transactions, etc.
In the end, Song Yang didn't ask many questions about this route. After confirming that he was not going to defraud the Bank of America and run away, the leader, who had been engaged in risk audit for many years, said to Song Yang with a look of surprise and disbelief, "So, you found this opportunity, and then you want to spend all your wealth to build such a route?"
"This is an opportunity, isn't it?!" Song Yang asked back without commenting.
Upon hearing this, Jain couldn't help but ask the leading risk assessor, "Is there a chance that this project will be successful?"
“All I can say is that everything has risks.”
The leading evaluator glanced at Song Yang with a somewhat special look in his eyes, "But some risks are worth trying!"
When Jain heard this, he couldn't help but show joy on his face. If the risk assessor said this, it meant that this plan was absolutely feasible.
“You’re lucky!”
After tidying up the documents on the table, the leading risk assessor said to Jain that he had a feeling that Jain, who participated in this project, might soar to fame.
When passing by Song Yang, the risk assessor said something to Song Yang that shocked him, "I wish you good luck against your opponent!"
Over the years, this senior risk assessor has seen all kinds of geniuses and adventurers. He has a hunch that once this dedicated broadband line connecting Chicago and New York is built, Song Yang will definitely not just take a sum of money and stop there. America's telecommunications industry may become even more lively.
After getting the approval of the risk assessor, Greg and Jain's men began to draft a contract. Song Yang established a new company "America Movil", and the line belonged to America Movil.
America Bank lent 300 million US dollars to America Moldova, and after the line is built, America Bank will get 10% of the line's revenue. The greater the risk, the greater the return. Just like America Bank's first bet on the double-click company, this bet on America Moldova will allow it to make a fortune!
"Song!"
While Greg was drawing up the contract, Jain winked at Song Yang.
Jian brought Song Yang to his office, closed the door, and then looked at Song Yang and said, "Song, I think America Movil should have a part of the board of directors of Kerrimaya..."
"Kerrimia?" Song Yang suddenly realized something after hearing this name. "He is the director of the Bank of America?!"
Jain nodded. Keremiah was his backer in Bank of America and one of the most powerful directors of Bank of America. The entire risk control and credit department of Bank of America was managed by Keremiah.
"How much does he want?" Song Yang asked directly.
Jia En, who was originally prepared to spend a lot of time to persuade Song Yang, was stunned by the question, "5%, but the board of directors of Kerrimaya will invest 8 million US dollars in America Telecom. In addition, if there are any problems with the subsequent project funds, he will also guarantee to solve them!"
"Let Keremiah's wife, or the foundation established by his family, invest in America Movil." Song Yang said and went out directly.
Jia En didn't expect that Song Yang actually agreed to it. "Don't worry, Madam Kerrimaya has an offshore overseas investment foundation, there will be no problem!"
After returning to the meeting room, Eric heard that Kerimeia, whom he had never met before, had taken away 5% of America Movil's profits, and he cursed at him.
He went through untold hardships , including mortgaging RICK Company and working as a contractor, and finally got 5% of America Movil's profits. But when it came to Kerimaya, it took a big bite out of it. Those several million dollars were not even enough to fill the gaps in his teeth for this project.
Song Yang sat aside rubbing his brows. America Movil had just been established and 20% of its profits were taken away directly. Bank of America took 10%, and Eric and Keremia each took 5%. In the future, America Movil will definitely have to give up part of its profits.
But these are necessary. Without Keremia's help, the three hundred million US dollars would never be deposited into America Movil's account. However, America Movil's cake is big enough. Even if Song Yang only eats half of it, it is enough to increase his net worth dozens of times. Now the most important thing is to make the cake.
After leaving the Bank of America, Song Yang and Eric couldn't help but breathe a sigh of relief. The first step was finally taken. As the saying goes, food comes before troops. With these 300 million US dollars, the entire America Telecom can start construction.
Song Yang and his group came to a high-end restaurant owned by RICK. Song Yang filled his stomach and then went to Spivey, who had been silent all the way.
“Thank you for everything today!”
Song Yang pushed an envelope containing an overseas bank check in front of Spivey.
Spivey picked up the envelope and took a look. It was a reward that was considered generous even on Wall Street. "Gallo has paid me today!"
"I hope you can keep this a secret. Of course, I hope even more that you can stay in this project. If the project is successful, you will be paid enough. I promise that you have experience in Wall Street and know how to deal with those people. America Movil needs you..." Song Yang just said it casually. Of course, he hoped that Spivey could stay in America Movil so that it could be kept confidential, but he didn't expect Spivey to stay.
But what Song Yang didn't expect was that after hearing his words, Spivey agreed without any hesitation, "I am willing to join America Telecom!"
Under Song Yang's surprised gaze, Spivey showed a smile on his calm face, "This is very exciting, isn't it? I like this kind of thing!"
Song Yang burst out laughing. Indeed, how could someone who is capable of high-frequency futures trading be willing to stick to the old ways and never change?
