Hardy Empire 1945
Chapter 72: Blow one more time
In the 1940s, information transmission was far less convenient than in the 21st century, and newspapers were still the primary means of media.
David Walsh, who is far away in New Mexico at the moment, has yet to receive news of the stock price crash.
A shareholder tried to contact David Walsh to study how to recover the loss, but he called Albuquerque, and the assistant told the shareholder that David Walsh followed the prospecting team into the mountains to explore.
Shares of Wash Mining continued to fall the next day, but not as violently as yesterday, dropping only a few cents to 13.8 cents per share.
Continuing on the third day, it became 12.1 cents per share.
Shareholders were anxious like ants on a hot pot, and finally contacted David Walsh on the third night. David Walsh was also surprised when he heard the news that the stock price had plummeted.
The newspaper reported that Professor De Guzman's ore vein theory was incorrect, but it involved a sharp drop in the share price of his own Walsh Mining. What is this called?
David, you have to find a way to stop the stock price from falling. The caller was the company's second shareholder, second only to David in shares.
David Walsh was a little annoyed. For the development of the company, I went into the mountains to look for mines despite my hard work. I couldn’t eat or sleep well every day. You people were sitting at home blowing the air conditioner.
What can I do? It is estimated that the stock price will stabilize when the news passes. David Walsh said irresponsibly.
The major shareholder was very annoyed when he heard David's words, David Walsh, you are the chairman of the board, you should be fully responsible for the company's troubles, if you can't manage the company well and can't make profits for shareholders, I will apply for shareholders. The General Assembly re-elects the chairman.
David Walsh was in a hurry.
Damn, here it is again.
Last time I forced myself to give up the position of chairman, and this time I came back.
Isn't the last shareholders meeting already agreed, give me two years, and it has only been more than half a year. David Walsh said softly.
I now doubt that the company will be ruined by you within two years, Walsh, give you a week at most to find a way to solve the company's problems, otherwise I will be the second shareholder, and I will ask for another general meeting of shareholders to study the replacement of directors. Long, hire a new CEO.
The shareholder put down the phone after boasting.
David Walsh sat slumped on the bed, and he can't do anything now, unless a big mine is discovered now, I believe that the company's stock price will rise by leaps and bounds.
But after going into the mountain for a few months, there was no harvest at all, only sporadic pyrite veins were found, which were not large enough and had no mining value at all. Now he is also very doubtful that Professor De Guzman's theory is correct.
Maybe the old guy was lying.
The problem now is that shareholders are chasing after themselves, asking themselves to find a way, what can he do.
Suddenly he thought of the newspaper.
Since it was a newspaper report that caused the stock price to plummet, can it be clarified in the newspaper?
He remembered the last time he broke the news about Ava Gardner to the Los Angeles Times. He had a phone number from the reporter's station. He immediately picked up the phone and called.
Hey, are you a reporter from the Los Angeles Times, I'm the chairman of Wash Mines, are you interested in covering news about the New Mexico mines?
The stock price of the mining industry has fallen sharply in the past two days, which is indeed a piece of news. The Los Angeles Times received a call from the chairman of Walsh Mining, and he was indeed interested and agreed to interview him.
......
And at this time,
Hardy has stopped shorting,
Start sneaking in Walsh Mining stock.
When he was short of Wash Mining, the price per share was $0.31, and now it has dropped to 0.12 per share, a decline of more than 61%.
With the 5x leverage used by Hardy, he calculated that he could earn $500,000 excluding financial institution fees and other fees.
good guy.
Financial operation is to make money, which is more ruthless than robbery. A simple operation is more than he robbed the Spanish gang twice.
The share price of Wash Mining may still have room to fall, but Hardy thinks it shouldn't be too big. After all, it's just fake news.
There are no substantive problems in Walsh Mining. As for the recent decline, it is mostly due to people's distrust of the instinct of junk stocks.
It's almost time.
Hardy sold the stock.
However, he changed hands and started to go long again, using more than 40 accounts to buy shares of Wash Mining in the market.
The momentum that originally fell today, because Hardy's acquisitions slowly stopped.
by closing time.
Hardy has acquired more than 400,000 shares.
The stock price also stabilized at 0.12 yuan and did not continue to fall.
the next day.
Walsh Mining's share price remained flat, and Hardy quietly acquired another 200,000 shares.
Just this day.
The Los Angeles Times published an interview with David Walsh, chairman of Walsh Mining. David Walsh said that the company is now operating well. He is leading the prospecting team and working day and night in the mining area. He believes in Professor De Guzman's theory. That's right, after all, Professor de Guzman is a well-known geological expert.
days thereafter.
Hardy has been quietly absorbing Walsh Mining stock.
It was found that
The share price of Walsh Mining has slowly risen from a low of 12 cents to 14 cents, which is already a big rise for a low-priced stock.
By this time Hardy had acquired more than 1 million Walsh shares.
it hasn't stopped,
Still taking it slowly.
......
this day.
A car came to the mining area.
Two reporters got out of the car.
David Walsh has been living in the mine these days. He was originally a millionaire, but because of a stock price fluctuation, his wealth has shrunk by more than half.
He was very unwilling.
He hopes to find a copper mine on this land, even if it's just a small one, to make up for his investment this time.
But these days still nothing.
He had already scolded Professor de Guzman a hundred times in his heart.
After drinking, YouQi yelled at Professor De Guzman for being a big liar. If it weren't for him, how could he eat dirt in this damn place, drink and pick up girls in a big city, wouldn't it be bad to live a comfortable life.
Two reporters approached David Walsh and pulled out their press credentials to identify themselves.
Hello, Mr. David Walsh, we are reporters from the Los Angeles Financial Times and would like to interview you. Do you have time?
When David Walsh heard that he was a reporter from the Los Angeles Financial News, he was not angry. The original report was published by the Financial News. If it weren't for them, how could the stock price of his company have fallen so badly.
David Walsh said excitedly:
I think your report is very irresponsible, why do you say that Professor De Guzman's theory is wrong, why do you say that the mines in Arizona cannot extend to New Mexico, and that Professor De Guzman's theory is Guessing, your reports are groundless speculation.
The two reporters were very good-natured, they just smiled when they heard David Walsh's words, So we came to interview, just to ask Mr. Walsh what to say, by the way, you have been looking for a few months in the mountains. , have you found any large veins?
David Walsh's momentum was suffocated by the reporter's question.
It took him several months to find no veins, which is an indisputable fact.
But he knew that if these things were reported by the Los Angeles Financial News again, the stock price might fall again.
He blinked, suddenly thinking about it.
Who said we haven't found the mine, we have already found it, you come with me. After that, he led two reporters forward.
Stopping in front of a pile of rocks in front of the camp, David Walsh pointed to the stone and said, Look, these are the ore specimens we collected from the mountains.
After finishing speaking, he vigorously picked up a piece of ore the size of a watermelon from the ground, held it in his hand and said, Look, this is copper ore. Since we can find copper ore, it means that there must be ore veins here.
And copper deposits are often associated with gold deposits. Once gold deposits are found, the value of the veins will increase greatly.
One of the two reporters took out a notebook and kept recording, the other held a camera and kept taking pictures of David. David was very cooperative, holding ore in both hands, grinning at the camera, and posing in what he thought was the most handsome pose.
In fact, David is lying.
The ore in his hand was not copper ore, but a piece of pyrite, but it was somewhat similar to copper ore. The two reporters were laymen, and he guessed that they could not tell the difference.
As long as they are fooled today, they report in the newspaper that there may be copper mines on the land they bought, and I believe the stock price will not fall.
Aren't stocks just buying hope?
If the heart is in a dream, it is there.
The photojournalist took several pictures of David Walsh back and forth, and then snapped at the pile of ore.
The reporter asked again:
Mr. Walsh, what do you think of Walsh Mining's share price?
David Wash put down the ore, clapped the dust on his hands and told reporters: I think the value of Wash Mining is seriously underestimated.
Here we have found traces of mineral veins, and perhaps more valuable gold mines. By then, the share price of Wash Mining will soar ten or even twenty times. Now is a good time to start.
It seems that you are very confident in digging a big mine?
Of course I have confidence. I believe that in the future, Walsh Mining will become a mining giant in the United States and even the world, and do business all over the world.
Anyway, bragging without money.
David Walsh was blowing hard right there.
The two reporters interviewed in the mining camp for half a day, asked a lot of questions, shot four or five rolls of film, and only left until the evening.
David Walsh waved them goodbye.
Watching the car leave, he said to himself, The Los Angeles Financial News is of a higher quality than the Los Angeles Times reporter. The last time the Los Angeles Times reporter came over, it took less than half an hour before and after asking a few questions and then leaving. Check out the Financial News. , interviewing for half a day, there are dozens of photos taken, this is called professional.
the following days,
David Walsh has been expecting coverage from the Los Angeles Financial Times.
He believes that after this positive report comes out, the company's stock price may go up a bit, and the guys on the board don't have to keep shouting to replace themselves.
three days later.
The report on Wash Mining is finally out.
When David Walsh saw the content of the report, he was stunned. Did he say that at the time?
Isn't this blowing a bit too much!
A color photo in the newspaper shows David Walsh grinning while holding the ore.
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