What's wrong with me being a rich man?

Chapter 181 Launching the Offensive (5k)

On Thursday, August 8th, the sun was shining and the days were peaceful.

Yu Xing is used to running after getting up in the morning, and he is also used to organizing his thoughts in the process.

I don’t know if it’s because of the speed I ran today, but I always felt my heart beating faster than usual.

When he arrived at the office, the sunlight had already painted the ground outside the window bright, but there was still a fog in front of him.

Whether it is Paulson, Chandler or Davis, how they communicate in the next few days, what actions they will take, or whether they have found a target for asset restructuring, everything is unknown.

I could only see a vague shadow in my sight, and it was really difficult to tell whether behind this shadow was the little white rabbit or the big bad wolf.

This uncertainty is... terrible.

Yu Xing sighed quietly, but he also knew that the life and death of Sino-Forest depended on its performance after the email was sent in the morning.

Guoshanfeng is still acting according to the original plan. If the two shareholders have already negotiated with Paulson, this will be a complete alert. Sino-Forest is likely to suspend trading before the market opens and move towards asset restructuring.

Otherwise, it proves that Paulson is just a coward.

It was almost nine o'clock when the cell phone on the desk suddenly vibrated. It was Liu Wanying calling.

Yu Xing calmed himself for a second, pressed the answer button, and his heart sank when he heard the first sentence.

"The action has been postponed," Liu Wanying informed. "It will be postponed to two or three in the afternoon, and then the research report will be sent to Chandler and Davis respectively."

"Why..." Yu Xing opened his mouth and found that his voice was a little hoarse. After coughing twice, he continued to ask, "Why? What changes have occurred?"

"Nothing has changed. I just calculated the time and felt that it would be better to shorten their reaction time." Liu Wanying said carefully, "After Paulson's reply, I always feel nervous. Although the short position remains unchanged, I still want to squeeze the time of these two shareholders."

Canada is now in daylight saving time. The stock market is open from 9:4 a.m. to 4 p.m., and its closing time at 4 p.m. is a.m. the next day in China. After this point, the options market will also be unable to operate.

Based on the uncertainty, Liu Wanying wanted to reduce the risk as much as possible. If the time left was not enough and the two major shareholders did not notice the research report, then she would just accept it.

The main thing now is to make a profit and pay attention to Paulson's direction. It would be great if these two major shareholders could get ahead of us, but it doesn't matter if there aren't any.

Yu Xing said simply: "If you think it's okay, then it's okay."

Liu Wanying originally wanted to explain, but she felt choked up by such a direct answer.

She smiled bitterly and said, "You are really cool!"

"No, no, my voice is almost hoarse from smoking." Yu Xing said truthfully, "It's not that I'm cool. We are atypical short sellers. There are only two of us. At times like this, we have to trust each other's judgment and luck. We can't lose our composure."

He let out a long breath and concluded: "Just keep going forward."

Liu Wanying was in a similar mood. After a moment of silence, she said, "Well, yes. We'll contact each other after the two emails are sent out. The Canadian market opens at 9:30 p.m. Our website will automatically send out an announcement one hour in advance. If there is any movement, we may be able to find out before the market opens."

She paused and added, "Not necessarily. We don't know who the other party has contacted or what kind of transaction they have. Anyway, if the market opens smoothly, the stock price will definitely fall. I will judge based on the situation and protect some of the profits this time."

Liu Wanying felt that this time it was really like touching a tiger's butt.

She herself was a direct victim of the financial crisis and lost a lot of her savings. There are many people like her all over the world, but who is Paulson?

He is a Wall Street star who made huge profits against the trend and a world-renowned figure.

Such a comparison is simply going against the will of God!

This pressure forced her to be more conservative in her operations.

Yu Xing still agreed.

When he put down his phone, he felt more clearly that the waiting time was prolonged. He smoked a cigarette unconsciously and started thinking about all sorts of things.

Thinking about the world, Soha is a kind of wisdom...

Thinking about life, life is a huge fog...

"Ahem, cough, brother, are you going to set the office on fire?" Lu Haiying pushed the door and walked into the president's office. As soon as she came in, she was choked by the secondhand smoke, as if she had returned to the mahjong room where her elders gathered during the New Year.

Yu Xing's smile flickered in the mist: "Hmm? Is there? Oh, open the window and get some fresh air."

Lu Haiying quickly opened the window and asked speculatively, "Brother, what big news did you get?"

Yu Xing had a strange expression on his face, as if he was thinking about life. He shook his head and denied it, "No, a lot of people sent me private messages, but it wasn't anything important."

Lu Haiying thought for a moment and continued to guess: "Brother, did you quarrel with Mr. Xu again?"

Yu Xing sat on the chair as steadily as an old monk and answered, "We didn't quarrel. Not only did we not quarrel, but we reconciled. She even invited me to dinner next week. Do you want to go?"

Lu Haiying hesitated for two seconds and declined politely: "No, Senior Brother, I'm not good at dealing with investors, so you should go. Don't curse when you go."

Yu Xing smiled slightly: "You think too much, it's just a dinner party, who doesn't play along? I was just too lazy to do that before. Playing along here and there, Xiaoying, what's the meaning of life?"

Lu Haiying didn’t know what was wrong with her senior brother, she just felt uneasy.

There was no big news about the website mechanism, no conflicts with investors, and the company's recent development was also very stable. What else could have caused my senior brother to become like this?
Lu Haiying rolled her eyes and probably guessed the question.

The Mercedes Benz parked downstairs was bought by my senior brother at the request of my senior sister-in-law.

No, you shouldn’t say “master’s aunt”, you should say that it was “senior brother” who asked the woman to buy it for him.

Lu Haiying knew that it was difficult to persuade people about their relationships, and she was not sure about the complicated situation between the two. She could only briefly chat about work and invited her senior brother to go to Shaxian Hotel at noon.

"I'm not going. Please bring me a lunch box. You don't have to come in if you don't have to. I need to think about the direction of our business." Yu Xing expressed his desire to retreat in the office.

Lu Haiying didn't know whether to laugh or cry, and she respected her senior brother's rare state.

The lunch box at noon was tasteless, and the waiting in the afternoon became a repeated torture for myself.

Can we be less greedy and more respectful?

Then again, the mountain could have been used to raid Sino-Forest.

However, even though Yu Xing stayed in his office worrying about everything, he never contacted Xiaoying to try to change his mind.

At two o'clock in the afternoon, my cell phone vibrated, indicating a text message from Xiaoying.

Yu Xing didn't look at it.

Another hour passed, at three o'clock, Xiaoying sent another text message.

Yu Xing still didn't look at it.

To some extent, this could be considered as "no news is good news". If there was anything unusual, she would definitely call me directly. These two messages definitely represent the sending of emails.

At 3:30 in the evening, just after Lu Haiying came over with concern, the cell phone on the table suddenly vibrated violently.

Yu Xing's scalp tingled and he picked up the phone without hesitation.

"I received a reply from Chandler. His reply was very brief. He just asked Guo Shanfeng not to make the research report public." Liu Wanying tried to keep her voice calm. "Also, he can pay for it."

Yu Xing carefully pondered the clues that emerged from the fog for the first time in the past few days. After a long silence, he slowly said, "It seems that the major shareholder of Sino-Forest has not had any further communication with Paulson."

If so, should both sides have the same attitude? Or should he bring up Paulson's approach?
"My first reaction was the same, but we can't rule out the possibility that the other party just wanted to stabilize us or something." Liu Wanying frowned and said, "In any case, the arrow has already left half of the string."

Yu Xing couldn't sleep or eat well these past few days, as his mind was full of the changes and calculations of the short selling of Sino-Forest. Although he said it was like a blind man touching an elephant, he still couldn't help thinking about it.

At this moment, he repeated all the information once, twice, three times, and finally said: "Paulson should be trying to blackmail us. I am 50%, no, 70% sure!"

"You're starting to infer, right?" Liu Wanying joked about the previous exchange. "He's a stinking short seller, with so much money turning over in his account every day, how can he have the patience to come up with such a big plan!" Yu Xing didn't talk about the incident, but only about human nature.

The money that Paulson earned from the financial crisis in the past two years is calculated in billions of dollars. If he makes a few more rounds in the financial sector, maybe the profits will come back!

Can I now do something that will earn me hard money and I don’t know how many years it will take to recover?
Liu Wanying asked: "What if he handed this matter over to the team to run, and only looked for people at the critical moment?"

Yu Xing calmed down and said, "Okay, then I'll just say I'm 50% sure."

I have been honest and will continue to wait for the results.

"In short, Davis didn't respond and the time was short. I don't know if he saw any initial changes. From the initial changes, there are some things that are slightly beneficial to us." Liu Wanying said carefully, "They hold a lot of shares, most of which are unrestricted shares. We can also see if there are any signals."

The three major shareholders contacted by Guo Shanfeng must all comply with Canada's Securities Act, and the restrictions on reducing holdings mean that they are doomed to suffer losses on these stocks. Now it's just a matter of how much the loss will be.

The last time Paulson's funds increased their holdings from 9.2% to 10.5%. In accordance with Canada's National Policy 51-102: Issuer Disclosure Obligations, it submitted an "Early Warning Report" document that described the background information of the shareholders, the purpose of the purchase, and future plans.

Moreover, if the shareholding change exceeds 2% thereafter, the report will need to be updated.

There are many similar restrictions. For major shareholders like this, if they buy and sell the same stock within six months, it will be regarded as short-term trading, and the profits generated will belong to the company.

Of course, the loss is your own.

Paulson's holdings were 10.5%, Chandler's were 16.3%, and Davis' were 11.2%, all just exceeding the 10% limit. Much of Liu Wanying's information came from the three companies' own public documents.

Another change here is that Chandler holds stocks through different companies under his control, so perhaps he will make more trips this time.

Yu Xing thought about the relevant situation and suddenly said, "Look, whether it's Paulson or Chandler, their first reaction was not to ask whether Sino-Forest's fraud was true or not. They all seemed to believe the contents of the research report."

Liu Wanying smiled and said, "This shows that this scam is not that clever, and that we often encounter such things. We just didn't expect it to happen to us this time."

Yu Xing hummed, his nervousness having eased a lot: "Then we'll wait for the release of the second research report from the mountain peak."

"The latest announcement time is set at 6 o'clock, leaving the market and public opinion 3 hours." Liu Wanying once again demonstrated the characteristics of an atypical short seller and finally modified the time. "You can take a look at the document updates in Canada, maybe there will be more information disclosure."

Yu Xing agreed: "Okay, then I'll wait."

Compared to the distracted feeling I had during the day, time seemed to pass quickly at night.

Chandler did not respond, and Davis remained silent from beginning to end.

At 8:18 p.m. on August , an unknown small short seller Guo Shanfeng published a research report on Sino-Forest on his website.

——One generation passeth away, and another generation comes, but deceit remains forever.

——We have encountered another Madoff-style company with a $5 billion market capitalization, Sino-Forest Corporation.

This is an English version of the research report, aimed at investors in Canada, the United States, Europe and Hong Kong.

Although Sino-Forest claims to be headquartered in Canada, its founder Chen Deyuan spends most of his time in Hong Kong, which has attracted many local investors.

As per convention, Guo Shanfeng notified two Hong Kong media outlets in advance before the report was made public, and also sent emails to media outlets in the United States and Canada to promote his research in the hope of making a greater impact.

In fact, thanks to Guo Shanfeng’s previous success, its email alerts and research reports this time spread faster than expected.

Bai Xiaosheng's company had already closed for business.

Yu Xing was still staying in the office, but his mood was completely different from before.

The three major shareholders did not make any move, and online media began to spread the news.

According to Paulson's previous threat, and given a few days to prepare, if he really wanted to do so, he should have released the news to hedge against the negative news as soon as he learned about the announcement of Shanfeng's research, right?
But, he didn't!

Yu Xing smoked his last cigarette fiercely, his mood gradually becoming more ferocious as the flame of the cigarette butt flickered.

Thinking about life is bullshit. My life is not a fog, it’s a fucking wilderness!

Paulson, you are blackmailing, you just want to blackmail!
Yu Xing twisted the cigarette butt into the ashtray, crushed the empty cigarette box, and punched the desk.

The fog should be clearing!

Paulson, die!

He wanted to jump onto the desk, but when he glanced at the degree certificates on the wall, he decided to maintain his doctoral demeanor.

The pressure of the past few days has almost disappeared, and now only one new idea comes to mind.

Damn, divide the warehouses, you must divide the warehouses!

……

Guo Shanfeng officially released the research report on Sino-Forest.

As someone who had been paying close attention to the relevant developments, Smith almost ran all the way into his boss's office, and the first thing he saw was Paulson's angry eyes.

The office is a mess!
There were originally 12 watercolor paintings hanging on the wall, but two of them had been pulled down last time, and now they were taken down by Paulson again, leaving only the painting farthest from the desk still hanging alone.

"How dare he! How dare he!"

When Paulson saw Smith, his rage instantly burst out and he kept repeating these words.

Not only did his best response fail to produce any effect, but it even led to the other party's short selling a day in advance!

Friday, wasn't it Friday?!
Why did you post it on Thursday?!

You don't keep your word!!!

Paulson kicked the painting next to his shoe away, turned around suddenly, and became even more angry: "Deceit! Deceit!! Deceit!!!"

It's a deception, it's a lie, Friday was a scam from the beginning!

Even the first sentence of the mountain peak research report has already said this: deceit remaineth forever! !
Fuck, this is so ironic!
What makes Paulson even more unwilling is that, from now on, although Smith's plan is troublesome, it is an upright way to solve the problem!

If this plan had been followed, Paulson could have proactively burst the bubble in advance, and then bring together several major shareholders to take the initiative in the matter. Moreover, if the restructuring news had been announced at the very beginning, Guo Shanfeng's research report might not have been issued.

Although this operation is troublesome, it can solve the problem.

Why choose a path that is easier but won’t solve the problem?
Paulson suppressed his regret and roared: "This organization is a psychopath! Why does it have the right to do so?"

As long as it passes the peak and waits a little longer, it will see that Sino-Forest's short positions are increasing, and it will know that Paulson has begun to cooperate. According to common sense, peers should be able to read such signals and reach such cooperation.

Why does it take the risk? Why does it have to force it?
Paulson doesn't understand, he really doesn't understand!

Smith cursed his boss in his heart while waiting for his boss to vent his emotions, and then said: "Maybe, its mailbox is disposable, and it never saw our reply. Maybe... maybe, its option time is approaching, but it's already like this, what should we do now?"

What he said was just to comfort his boss. He didn't believe that Guoshan would not read the reply, nor did he believe that it would not leave enough time for the short selling.

"What can we do? Run first, smash first!" Paulson suppressed his emotions and pointed out that the current situation could not meet the needs of Smith's plan. "Chandler and Davis may have received the email. Even if we reach an agreement now and announce the transactions after crossing the mountain, this alliance will easily collapse. Now we can only..."

He stared at Smith and said solemnly, "I'll have to let the customer suffer for now!"

Save yourself and let your customers suffer, otherwise, what else can you do?
Smith also nodded heavily, expressing both regret for the loss and frustration at the long-distance confrontation.

He quickly left to carry out an operation to save his personal funds.

At 9:30 a.m. in Canada, Sino-Forest opened with the stock market...

Flash crash!

Bloody flash crash!
(End of this chapter)