The Summit

Scene:  Patrick and Leslie’s office – Denver-Carrington Center…..

Leslie:  So what’s going on with Jessica Reckell now?  20 people killed and 25 injured in that rig explosion?

Patrick:  Un freaking believable!  This is second time in the last month, she’s really stuck it to Colbyco.  Remember she sank that tanker of theirs in 16,000 of water.

 

Leslie:  That’s right.  I’m sure Colbyco stock prices are going to take a major hit.

Patrick:  Oh yeah.  Miranda can you have L.B. Colby come up to our office?

Miranda:  Yes, Patrick:

LB.:  You wanted to see me, Uncle Pat?

Patrick:  Yeah, Pup.  I need to know what Colbyco stock was trading at about a month ago.

L.B.:  Like…..65…..70.

Leslie:  OK.  What are they trading at now?

L.B.:  Well.  Before the explosion, they were trading at 54.  Once the fallout from the explosion continues, who knows?  It could end up plunging to about 20.

Leslie:  That means her company could be devalued by over two thirds.

Patrick:  And the other major shareholders will be left holding pretty much nothing.

L.B.:  I was going to come down and talk to you guys anyway.  There’s something else that came across my desk.

Patrick:  Hold that thought, Pup.  Miranda can you have Jeff come up here?

Miranda:  Yes, Patrick.

John Ross (comes into the office also):  Hey! Y’all been watchin’ what’s been happenin’ to Colbyco stock?  Hey! Colby!  How’s it goin’?  🙂

L.B.:  Hey! Ewing!  What’s going on, Man?  🙂

John Ross:  I was just watchin’ Fox Business down in my office.  Colbyco stock is droppin’ like a stone.  Now I hear Alexis might try to join WestStar.  Another sinkin’ ship.  Or, at least, it will be with that dumbass Cliff Barnes callin’ the shots.

L.B.:  Tell me about it.  I was reading about it in the Journal of Commerce the other day.

Jeff:  I got here as fast as I could.  What’s up?

Patrick:  Pup.  You said you had some news for us.  Something you said came across your desk.

L.B.:  Oh yeah.  You know that rig that Grandmother put up in Indonesia was funded by Bank of the West.

Jeff:  That’s right.  She way over extended herself to come up with the funds.

Leslie:  Come on, L.B.  What do you have?

L.B.:  Well…..it seems that the commercial loan division is getting a little antsy and Bank of the West may be getting ready to collect.

John Ross:  My cousin Christopher’s fiancée Tiffany Horner said she’s over extended at banks all over the world.

L.B.:  Right.  And this is the latest of many.

Patrick:  Which means that her credit rating is in the toilet.

L.B.:  Pretty much.  Yeah.

Miranda:  Guys.  Alexis is on her way in there.  Range about 10 feet.  She looks mad.

Patrick:  CHRIST!  Sound General Quarters!

 

(meanwhile at Jessica Reckell’s house/Alliance for Earth Headquarters – Ketchum, Idaho)

Jessica:  So we pulled it off.  Do you think Patrick and Leslie Jennings know about it yet?

Heinrich Haufmann:  Of course they do.  Patrick Jennings probably found out as soon as the rig blew up.

Jessica:  Yeah, but what Leslie?

Heinrich:  Are you kidding?  They’re so devoted to each other, it’s ridiculous.  They tell each other everything.  He’s probably got somebody that’s feeding him information.

Jessica:  I wouldn’t doubt it.

Heinrich Haufmann:  Like I told you.  Patrick Jennings may be a lot of things, but stupid is not one of them.

 

(meanwhile back at Denver-Carrington Center)

 

Patrick:  Alexis what do you want???

Alexis:  I suppose you know nothing about my oil rig in Indonesia blowing up.

Patrick:  Oh come on, Alexis.  I probably found out about your rig blowing up before you did.

Alexis:  So then you probably know who did it then.

Leslie:  We know exactly who did it.

Alexis:  Well are you going to tell me?

Patrick:  Nope.

Jeff:  Alexis if I were you, I would be concerning myself with doing Damage Control at Colbyco instead of barging in here and asking us a bunch of questions.

Patrick:  In case you haven’t been watching the news, you’ve got a very tenuous situation that is probably going to get worse before it gets better.  Alexis.  People in Indonesia are shouting “Pulang ke rumah, Colbyco!”  In case you’re wondering, that means Colbyco go home.

John Ross: Of course, now you might not have a choice.  The government in Indonesia may end forcin’ ya to do that anyway.

Alexis:  This is no concern of yours, Mr. Ewing.

Patrick:  Oh but it is his concern.  Not only is he my Brother-in-Law, but he is also a member of our Board of Directors.

L.B.:  Oh.  Guys.  Grandmother you might want to hear this too.  I just got the opening prices at the New York Stock Exchange.  Colbyco stock opened this morning at 50.

Alexis:  What???

John Ross:  Damn, Alexis!  You shoulda kept a tighter leash on your jailbird son before he swindled you outta millions and millions of dollars.

Jeff:  He’s right Alexis.  Part of the reason you’re in the fix you’re in is because Adam was trying to suck up every dime that wasn’t nailed down.  I tried to tell you Adam was bad news thirty years ago, but you wouldn’t listen to me.

Leslie:  Wow! Alexis.  Karma’s a bitch…..just like you.  (Alexis then leaves in a huff)

 

(meanwhile at Alexis’ office – Colbyco)

Alexis:  Yes.  Hello.  Edward.

Edward:  Alexis.  It’s been too long.  I heard about your rig Indonesia.  I’m very sorry.

Alexis:  Yes.  Well.  Edward.  A couple of things.  I need you to somehow transfer the stock my grandson Jesse Atkinson has in LEXCORP back to me.

Edward:  Alexis.  He purchased those shares legally.  You didn’t take LEXCORP private like I asked you to.

Alexis: Then buy back those shares and then take LEXCORP private.

Edward:  I’ll just get into the computer account of Jesse’s broker.  Invoke the same clause you invoked with Fallon, Steven and Amanda and then take LEXCORP private.  It’s that simple.  Since you are invoking the emergency clause which states that shares can be transferred back to majority shareholder in case of emergency, this is perfectly legal.  And we will make an announcement that LEXCORP is now going private.

Alexis:  What about Colbyco?

Edward:  I am sorry, Alexis.  Colbyco I can’t do anything about.  Nothing was written into the agreement that protected you.  I’m afraid those are gone forever.

Alexis:  Well then put 4% of Colbyco stock on the open market.  I’ll have to maintain some semblance of control.  Hopefully, Colin Forrest won’t buy it.

 

(meanwhile at Forrest Aerospace/Forrest Industries North American Headquarters)

Vanessa (comes into the office and kisses Will):  Good afternoon, everyone! 🙂

Will:  Mmmmmm…..and to what do we owe the pleasure?

Vanessa:  I have the most wonderful news.  Where’s Lyndsay?

Colin:  She’s in Tulsa, Oklahoma.  She’s meeting with Holly Harwood on the progress of their oil fields.

Will:  We’ve just heard that Colbyco, because of that unfortunate accident in Indonesia, had to put another 4% of their stock on the open market.

Vanessa:  Well that’s my news.  I’ve just bought it.

Colin:  You’ve what???

Vanessa:  I just rung off with my broker a little bit ago.

Colin:  But why would she only sell only 4%

Patrick (comes into Colin’s office):  I know why.

Colin:  Well.  Come on, partner.  Tell us why?

Patrick:  OK.  As of yesterday.  You owned 30% of Colbyco.  Lyndsay owned 15. Vanessa owned 10.  Jesse Atkinson, Jr. owned 10.  Vanessa just bought the 4% that Alexis put up for sale this morning.  That gives her 14%   Between the three of you, that gives u 59% – one away from a Super Majority.  She figured that by selling off only 4%, she could maintain what little control she had left.  So she’s left with 31%, which STILL makes her the largest single shareholder in the company.  What she did was totally devious and slimy, but…..

Will:  It’s still legal.

Patrick:  Correct.

Vanessa:  Good old Auntie Alexis always manages to find a way to put one over on people.

Will:  We’re looking to call a vote on the future of Colbyco sometime in the near future.

Vanessa:  As to what do with the company once we vote Auntie Alexis out as CEO.

Colin:  We’ve been a good team, partner, so, we don’t want to run the company in competition with you.  After all, my daughter is married to your nephew.  So, we’re thinking that we could fold most of the assets into Forrest Industries and sell some off to Denver-Carrington and Ewing Energies.

Will:  What do you think?

Patrick:  I love it.

Vanessa:  Of course Auntie Alexis will be left with her share of what is left of her company, but what we’ll do is buy the Colbyco name and make it impossible for her to restart a new Colbyco.

Patrick:  Of course this process will be subject to SEC mediation and could take a while.  Also.  Somebody is going to have to convince Jesse Atkinson to vote with you guys.  His shares would give you 69% – more than enough for a super majority.

Colin:  We’ll keep you posted, Mate.

 

(later in Patrick and Leslie’s office)

Ray (in the office with Leslie, Jeff and John Ross):  Hey! Step Brother.

Patrick:  What are you doing here?  🙂

Ray:  I just came down because I was wondering if maybe you and Leslie wanted to go with Sarah and me to run our dogs this weekend.

Patrick:  Yeah.  That sounds like fun.  Why don’t we go to our place in Vail?  We can make a weekend of it.  Leave this afternoon after work and then come back Sunday afternoon.

Ray:  That sounds like a plan.

Patrick:  Brother-in-Law.  You and Sissy want to come with us?

John Ross:  Nah.  We’re gonna stay at the mansion and bond with our baby.

Leslie:  New parents.  I don’t blame you.

Patrick:  Jeff.  How about you and Fallon?  Would you guys like to come?

Jeff:  We’d love to come.

Ray:  Great.  We can have pizza and beers tonight.  Maybe cookout tomorrow night.

Patrick:  Yeah.  Sunday morning I’ll make Breakfast and then we’ll head back.

Jeff:  Sounds great.

Patrick:  How about it, Brother-in-Law?  You want to change your mind?

John Ross:  You know what?  Yeah.  I’ve changed my mind.  We’ll come.  I’ll call Krystina.

Jeff:  And I’ll call Fallon.

 

Also Starring:  Josh Henderson as John Ross Ewing, III.  Murray Bartlett as Colin Forrest.  Simon Baker as Will Forrest.  Elizabeth Hurley as Vanessa Morell.  Ben Affleck as Ray Carrington.

Special Guest Stars:  Alexander Fehling as Heinrich Haufmann.  Jessica Alba as Jessica Reckell.    Thomas Wheatley as Edward.