“That's ours,” she said, pointing to the Royal Swiss Trust building.
“Nice.”
Later, they sat in the sand, at the edge of the water, splashing in the foam as the gentle waves broke across their feet. A few boats with dim lights inched along the horizon. The hotels and condos stood quiet behind them. They owned the beach for the moment.
And what a moment it was. Their four-year quest was now over. Their plans had finally worked, and to perfection. They'd dreamed of this night for so long, had been convinced countless times that it could never happen. The hours drifted by.
THEY THOUGHT IT BEST if Marcus the broker never laid eyes on Nicholas. There was an excellent chance authorities might ask questions later, and the less Marcus knew, the better. Marlee presented herself to the Royal Swiss Trust receptionist promptly at nine, and was escorted upstairs where Marcus was waiting with many questions he couldn't ask. He offered coffee, then closed his door.
“The shorting of Pynex seems to have been an excellent trade,” he said with a grin at his own talent for understatement.
“Seems so,” she said.
“Where will it open?”
“Good question. I've been on the phone to New York, and things are quite chaotic. The verdict has stunned everyone. Except you, I guess.” He wanted so badly to probe, but he knew there would be no answers. “There's a chance it might not open. They could suspend trading for a day or two.”
She seemed to understand this perfectly. The coffee arrived. They sipped it as they reviewed yesterday's closings. At nine-thirty, Marcus slipped on his headset and focused on the two monitors on his side desk.
“The market is open,” he said, waiting.
Marlee listened intently while trying to appear calm. She and Nicholas wanted to make a quick killing, in and out, then be gone with the money to some faraway place they'd never seen before. She had to cover 160,000 shares of Pynex, stock she was anxious to unload.
“It's suspended,” Marcus said to his computer, and she flinched slightly. He punched digits and began a conversation with someone in New York. He mumbled numbers and points, then said to her, “They're offering it at fifty, and there are no buyers. Yes or no?”
“No.”
Two minutes passed. His eyes never left the screen.
“It's on the board at forty-five. Yes or no?”
“No. What about the others?”
His fingers danced across the keyboard.
“Wow. Trellco is down thirteen to forty-three. Smith Greer down eleven to fifty-three and a quarter. ConPack down eight to twenty-five. It's a bloodbath. The entire industry is getting shelled.”
“Check Pynex.”
“Still falling. Forty-two, with a few small buyers.”
“Buy twenty thousand shares at forty-two,” she said, looking at her notes.
A few seconds passed before he said, “Confirmed. Up to forty-three. They're paying attention up there. I'd keep it under twenty thousand shares next time.”
Less commissions, the Marlee/Nicholas partnership had just made $740,000.
“Back down to forty-two,” he said.
“Buy twenty thousand shares at forty-one,” she said.
A minute later he said, “Confirmed.”
Another $760,000 in profits.
“Steady at forty-one, now a half up,” he said like a robot.
“They saw your buy.”
“Is anybody else buying?” she asked.
“Not yet.”
“When will they start?”
“Who knows? But soon, I think. This company has too much cash to go under. Book value per share is around seventy. It's a steal at fifty. I'd tell all my clients to jump in now.”
She bought another twenty thousand shares at forty-one, then waited half an hour to buy twenty thousand at forty. When Trellco fell to forty, down sixteen, she bought twenty thousand shares, for a profit of $320,000.
The quick kill was happening. She borrowed a phone at ten-thirty and called Nicholas, who was glued to the TV, watching it all unfold on CNN. They had a crew in Biloxi trying to get interviews from Rohr and Cable and Harkin, from Gloria Lane or anybody who might know something. No one wanted to talk to them. Nicholas was also watching stock quotes on a financial news channel. Pynex found its bottom an hour after it opened.
Takers were found at thirty-eight, at which point Marlee dumped the remaining eighty thousand shares.
When Trellco found resistance at forty-one, she bought forty thousand shares. She was out of the Trellco business. With the bulk of her trades covered, and covered quite brilliantly, Marlee was less inclined to hang around and be greedy with the other stocks. She worked hard at being patient. She had rehearsed this plan many times, and the opportunity would never again be hers.
A few minutes before noon, with the market still in disarray, she covered the remaining shares of Smith Greer. Marcus removed his headset and wiped his forehead.
“Not a bad morning, Ms. MacRoland. You've netted over eight million, less commissions.” A printer hummed quietly on the desk, spewing out confirmations.
“I want the money wired to a bank in Zurich.”
“Our bank?”
“No.” She handed him a sheet of paper with wiring instructions.
“How much?” he asked.
“All of it, minus, of course, your commissions.”
“Certainly. I assume this is a priority.”
“Immediately, please.”
SHE PACKED QUICKLY. He watched because he had nothing to pack, nothing but two golf shirts and a pair of jeans he'd purchased at a dive shop in the hotel. They promised each other new wardrobes at their next destination. Money would not be a factor. They flew, first class, to Miami, where they waited two hours before boarding a flight to Amsterdam.
The in-flight news service in first class featured none other than CNN and Financial News. They watched with great amusement as the verdict got covered in Biloxi while Wall Street ran in circles. Experts popped up everywhere. Law professors made fearless predictions about the future of tobacco liability. Stock analysts offered myriad opinions, each in sharp contrast to the preceding one. Judge Harkin had no comment. Cable could not be found. Rohr finally emerged from his office and took full credit for the victory. No one knew of Rankin Fitch, which was a shame because Marlee wanted so badly to see his suffering face.
In hindsight, her timing was perfect. The market bottomed soon after it crashed, and by the end of the day Pynex was holding steady at forty-five.
From Amsterdam, they flew to Geneva, where they leased a hotel suite for a month.
Forty-three
Fitch left Biloxi three days after the verdict. He returned to his home in Arlington and to his routine in Washington. Though his future as director of The Fund was in doubt, his anonymous little firm had plenty of nontobacco work to keep it busy. Nothing, though, that paid like The Fund.
A week after the verdict, he met with Luther Vandemeer and D. Martin Jankle in New York, and confessed every detail of the deal with Marlee. It was not a pretty meeting.
He also conferred with a collection of ruthless New York lawyers on how best to attack the verdict. The fact that Easter had vanished immediately was grounds for suspicion. Herman Grimes had already agreed to release his medical records. There was no evidence of an imminent heart attack. He'd been fit and healthy until that morning. He remembered an odd taste to his coffee, then he was on the floor. Retired Colonel Frank Herrera had already given an affidavit in which he swore the unauthorized materials found under his bed were not placed there by him. He'd had no visitors. Mogul was not sold anywhere near the motel. The mystery surrounding the verdict swirled more each day. The New York lawyers did not know about the Marlee deal, nor would they ever.
Cable had prepared and was almost ready to file a motion requesting permission to interview the jurors, an idea Judge Harkin seemed to like. How else could they find out what had gone on in there? Lonnie Shaver was particularly anxious to tell all. He'd received his promotion and was ready to defend corporate America.