"Whatever you say." He looked dubious. "But I'm convinced nothing is going to go forward without a meeting. There'll be no getting around it."

"Let's just send that telex and find out."

[Tuesday 12:54 p.m.]

"And we'll be doing it using Mino Industries debentures?" Novosty listened, startled. "Corporate bonds?"

The black Mercedes—heavily tinted, bullet-proof windows—was parked on the side street behind the Savoy, just above Victoria Embankment Gardens. Vance and Alex Novosty were in the front seat. Vance had the keys; it was part of the deal.

"That's going to be our collateral. We're going to put them up as surety with one of the go-go Japanese banks here and borrow back the hundred million."

"If I understand this right, the money's going to be in two places at once. Michael, it's smoke and mirrors."

"What do you care? If the Japanese banks here won't lend on bearer bonds from Mino Industries, what the hell will they do? You'll have your cash, clean, and be over the hill before the whole thing goes down the drain."

"I have to do this, don't I?" he sighed. "I have to front the street action. Both this and the other part."