
When Frawl announced to his board of directors that they were going to build the largest ship in the world for Demosthenes Skouratis himself, Frawl stock immediately jumped to an historic high on the London exchange. It did not bother them that someone was selling short on large amounts of Frawl stock. If they had been more suspicious, instead of enthusiastic, they might have hired detectives to find out who was behind the small brokerage house that was selling their stock short. And they would have found out that it was Demosthenes Skouratis himself.
When someone sells stock short, it means he is selling stock he doesn't own. When it comes time for him to deliver the stock, if the stock has gone up, he will lose money because it will cost him more to procure the share than he received for already selling that same share. But if the stock should plummet, if he has sold stock for 150 pounds a share, for example, and then is able to cover his sales by buying the stock for a dismal two pounds a share, he has made a 7,400 percent profit.
This is what Demosthenes Skouratis did with Frawl shipping.
He knew something Sir Ramsey Frawl did not. Doing business with Demosthenes Skouratis was not an instant road to riches, but, instead, an opening of your veins to let him suck the blood out. A handshake with Skouratis did not conclude the bargaining, it started it.
At first, one would have thought he was Sir Ramsey's long lost father. He helped the firm to find financing. He used his influence to open up the Skaggerac shipyards in Stavanger, Norway for the building of the hull. When Frawl Ltd. was so heavily committed to this one project that it could not survive without its successful completion, the friendly long lost father started making changes. He wanted different metals here and a different structure there. He did it so regularly and in such small detail that the ship he would receive was almost twice the value of the one he had initially ordered. Sir Ramsey, himself now gaunt and haggard with dark signs of worry under his eyes, personally refused the last change.
