Iran’s stock price will collapse immediately, but if the position is not liquidated, the $700 million investment will be lost in nine days. Nine days passed quickly during this period.
There is no news about the liquidation of SEC Capital in the market, and the stock market is calm, and Cohen seems to have chosen to sit and wait. On July 29th, Elan was at the Hyatt Regency Chicago.
On-site press conferences were held for the results of the three phases. When the last page of p p t was cast on the screen, everyone was dumbfounded. The new drug failed due to excessive side effects, and Iran's stock price plunged instantly.
The investors cried, but thinking about the fact that Sec Capital lost even worse, the mood is still a little better. On the second day of the conference, the employees of Sec Capital came to the company early.
They are all waiting for their boss to show up, and everyone knows that if they suffer such a huge loss, the company is likely to be liquidated. The guest showed up in the office at half past eight as usual.