What's wrong with me being a rich man?

Chapter 178 Knowing
Yu Xing and Liu Wanying conspired for a long time, trying to enrich the operation across the mountain as much as possible, and finally returned in the dark near dawn.

The time for the cup-breaking on both sides had been set, and the action was imminent. Neither of them had the energy to talk about love. What's more, Yu Xing was a medical student and had an upright nature. Apart from admiring legs, touching hands, and smooching lips, he didn't want to disturb each other's thoughts at this juncture.

Compared to the nervousness and tension when they shorted last time, they were much calmer this time.

However, although Yu Xing and Liu Wanying have the same goal, their moods are different at this stage. Yu Xing is thinking more about what he can do with the money, while Liu Wanying is focusing on the smooth execution of the process.

For example, it is still unknown whether Paulson can be contacted successfully, and it is also unknown whether he is willing to bleed to nourish the mountain.

Liu Wanying still hoped that Paulson could act according to the plan, otherwise, the blood lost from stabbing him once would definitely not be as much as the amount from two wounds.

The next morning, an anonymous email was first forwarded through multiple layers of springboards, then entered the Tor network, was further encrypted through multiple randomly selected relay nodes, and finally delivered to Paulson's personal mailbox in the form of a .onion site.

Liu Wanying finished sending the letter, not knowing whether she would get a response. She also confirmed the time to send it to Chandler and Davis Company. She let out a long sigh and suddenly felt a belated feeling that her life had indeed become completely different.

How did I get on this pirate ship in such a confused way?

She strolled along the streets of Shanghai and ordered a cup of coffee casually, as if she had seen the target company's market value evaporating rapidly again.

After a moment, Liu Wanying threw the unfinished coffee into the trash can and felt that the feeling at this moment was particularly good.

……

US time, August 14th, 11 o'clock in the evening in New York.

Paulson sat in his office, drinking coffee leisurely and reading the newspaper he had not finished reading during the day.

Newspapers and computers are the two channels for obtaining external information in this office. It seems a bit outdated, unlike other offices in the same field which always have Bloomberg data terminals or global hotspot maps, but this is the favorite habit of the office owner.

In addition to these, Paulson also likes to make his office more cozy, with cream-colored carpets, yellow walls, and twelve Calder watercolors hanging around.

Alexander Calder is an American artist best known for his sculptures, but Paulson prefers his paintings, the bold, bright colors, and the overall impression created by the combination of movement and stillness.

Half an hour later, Paulson finished reading today's newspaper, highlighted the key points, and put them on the table. Tomorrow he will see the relevant information further dug up by his colleagues.

He finished the rest of his coffee and decided to finish his work.

Paulson put down the cup, clicked the mouse casually, and finally checked his mailbox out of habit, and saw four unread emails.

Although there were four emails, the first one that caught my eye was the subject line "We have discovered the second Madoff, Paulson, why did you participate in the fraud at Sino-Forest?"

Paulson frowned slightly, then blankly glanced through the other three emails before finally opening this attacking email.

He didn't think there would be anything special in it. Since he became a recognized hedge fund star in the past two years, all kinds of emails would be sent to his mailbox from time to time. For a while, he even had to ask his secretary to sort out the spam.

Too many people pretended to be scare in order to get their attention. Later, as everyone's mood calmed down, the mailbox returned to normal and they naturally took care of it again.

The subject line of the email was simple: Madoff was a fraud case that was attracting much attention at the moment, and Sino-Forest was a Canadian listed company that he was optimistic about and had invested in. The combination of these two points was enough to allow him to postpone his sleep time.

When Paulson saw the content of the email, he frowned again. There was no content related to the subject, only the address of an .onion site.

Ordinary browsers cannot resolve such addresses, which means that you must access specific sites through the Tor network before you can see the content that the other party wants to convey to you.

Paulson glanced at the subject again, showed patience, took out a second laptop, accessed the address in the email through "Tor Browser", and saw a document available for download.

The name of this document is "Guo Shanfeng's research report on Sino-Forest".

Paulson vaguely remembered the name "Over the Mountain" and downloaded the document without hesitation.

Through this covert and safe way, he already knew the other party's background. At the same time, he felt a little uneasy. Was there something wrong with Sino-Forest?

In theory, their team had done a very diligent job in their research on Sino-Forest. Not only did they read the company's financial statements, they also met with its senior management team many times and even sent a team to visit China, where they met with a major customer of Sino-Forest and representatives of China's forestry department.

Based on all this information, Paulson finally determined the company's huge and long-term value, and had reason to believe that Sino-Forest had the opportunity to be re-listed or acquired.

Research, judgement, and then actively build a position. A short download wait.

Open the research report.

Paulson read the report and said, "One generation passes, another generation comes, but the scam persists."

As a Christian, Paulson frowned again. He knew the source of the change in this sentence at first glance. He even subconsciously felt that the sentence "the scam lasts forever" carried some broad compassion.

He saw the second sentence, but did not read on, and his attention returned to the second half of the second sentence.

Perhaps, it is not that the scam will last forever, but it should be understood as - deception will last forever.

One generation passes and another generation comes, but deception persists forever.

Paulson read on calmly and saw the research report which was divided into three parts: "exaggerating assets", "falsifying sales" and "fraudulent funds".

As he read on, his peace of mind began to break down.

Unexpectedly, the research report of this newly emerged short-selling organization is very solid. Not to mention the data comparison such as the asset turnover index which is significantly higher than that of the same industry, the actual testimonies cited in it are extremely powerful.

- Sino-Forest announced an asset transaction of up to 2007 hectares with Gengma Forestry in March 3.

——The response from Gengma Forestry: “Our asset transactions with Sino-Forest have not exceeded 1.4 hectares so far.”

20 hectares? 1.4 hectares?
Where did the 18.6 hectares of transactions go?
——A reply from the Yunnan Forestry Bureau: “Since what was purchased were forestry trees rather than forest land, there will be no record in the bureau. However, there must be problems with the 20 hectares reported by Sino-Forest, it is impossible for there to be that much.”

Survey responses from local governments.

——The assessment agency Jakko Poyry issued a disclaimer when conducting due diligence work on Sino-Forest, stating that it had not seen any agreements related to forest land use rights, felling rights or forest rights purchase, and had not confirmed the ownership of forest rights. It only checked the map location and record location of the forest.

——Based on the local logistics situation in Lincang, it can be inferred that the actual conditions in reality are completely unable to meet the business sales scale of Sino-Forest.

- Sino-Forest does not pay the salaries of its senior executives directly, but instead pays them through a consulting firm, another unusual signal for a multi-billion dollar listed company.

——…

Paulson read the detailed discussions behind each small conclusion, and the more he read, the angrier he became.

It’s not that we don’t allow our team to make mistakes, but we find this level of negligence unbearable.

So, how did the previous research and analysis pass?
After reading the entire research report, Paulson saw the words at the end of the appendix, "We will make this research report public on Friday," and the signature was "Guo Shanfeng."

My eyes lost focus for a moment before coming back to focus.

Similar descriptions of Paulson have often appeared in the media recently, and people are always asking "What is John Paulson saying?" This is what many people on Wall Street want to know.

Now, he just wanted to say one thing. Today was not about delaying sleep time, but...

Fuck sleep!

Damn it, I don’t want to sleep anymore!

Paulson believed this convincing peer research almost without hesitation.

Then, between grabbing his phone, he found time to smash his coffee cup onto the Calder watercolor, creating a smudge in the bold, eye-catching colors and beginning to shake up his subordinates who weren't supposed to be getting any sleep tonight.

Fuck sleep! Fuck Sino-Forest Corporation!

Fuck King Cobra Research! ! !

(End of this chapter)