Hardy Empire 1945
Chapter 74: The ups and downs...
This evening.
David took a beautiful woman to a party of star friends, and was seen by the reporters waiting at the door, and the reporters immediately surrounded him.
Performers are stars.
Economic stars are also stars.
Walsh Minerals is hot in the stock market right now, and an interview with David Walsh is definitely worthwhile.
Mr. Walsh, we are a reporter from the San Francisco Entertainment News, can I ask you a few questions? The reporter asked in front of Walsh.
Well, let's ask. David Walsh replied dashingly.
Mr. David, how big are the ore veins you discovered and what are the reserves?
David thought to himself, how do I know how big it is, but he didn't show any panic, and said with a smile: It's quite big, but the survey has not been completed yet, so there is no way to say the specific data.
Then may I ask Mr. Walsh, has the excavated ore been tested and what is the content? If it is super-grade ore, the value of the copper ore will be higher.
Oh~ we haven't sent it for inspection. I plan to investigate the ore veins clearly and submit the ores from various places for inspection together, so that the most comprehensive data can be obtained, right? David Walsh said.
The reporter still wanted to ask questions, but David Walsh interrupted by raising his hand.
I'm sorry, I'm going to my friend's party, so let's go here. He was afraid that he would show his timidity if the reporter asked him any more, so he quickly put it off.
The next day newspapers ran an interview with David Walsh.
The chairman of Walsh Mining confirmed that the ore vein had been found, which once again boosted the share price of Walsh Mining, and the stock price, which had been basically stable, showed a strong upward trend again.
After rising to about $1.6, there were many sell orders, and the stock price of Wash Mining began to slowly fall again.
Hardy had a smile on his face when the final deal was done.
Thanks to David Walsh for the interview, which allowed him to successfully sell the last order.
a week.
Hardy finally emptied all his stocks.
In the early stage, the lowest was only 0.12 yuan. In the later stage, in order to raise the stock price, I bought some high-priced stocks, and the overall average was 0.2 US dollars.
The average selling price is $1.50.
He did the math and made a total of $3.75 million after all expenses.
good guy!
It's a rhythm of getting rich overnight.
Hardy was so happy.
In fact, he could do more, such as looking for an institution to add leverage, and doing multi-wash mining. Hardy thought about it at the time, but later gave up the idea.
Borrowing money from financial institutions leaves too much of a trail.
A monstrous stock that is rising and falling sharply like Walsh Mining will definitely be targeted by the China Securities Regulatory Commission. If he activates the big leverage to harvest wildly, it will be no different from telling others that this matter is his own ghost.
Don't betray yourself.
Therefore, he adopted a more secure method, retail investors dispersed purchases, and the amount of each household was not large, so that it was not easy to attract attention.
It doesn't matter if you check him.
All his accounts were opened under the name of a security company, and he could definitely be found.
As for why you bought that stock.
I'm lucky, okay?
Now he has sold all his shares and is officially in his pocket.
Next,
Just waiting to continue watching the show.
One day, a not very well-known tabloid in Los Angeles suddenly published an article, There may be fraud in Wash Mining.
The author of this article pointed out that when he was eating and chatting with a friend who knew about ore, his friend said that the ore that David Walsh was holding in the newspaper was not copper ore at all, but a piece of pyrite. .
The reporter was surprised at the time and expressed some disbelief.
Later, through his friends, he contacted the two reporters who interviewed David Walsh. They saw the original color photos from them, and the photos were clearer. , rather than any copper mine.
And there were a lot of photos taken at that time. Almost all the ores on the ground mentioned by David Walsh were not copper ore, but some were iron ore.
Some are even just stones and have no value.
In order to find out the facts, the reporter secretly went to the prospecting camp of Walsh Mining in New Mexico. David Walsh was not at the camp and had returned to San Francisco. The reporter asked the prospecting director, and the director said that they had not found any large veins.
no copper mines,
Even iron ore, there are some sporadic veins.
No mining value at all.
They have been here for half a year and have not found any valuable large-scale ore veins. Before David Wash left, they still hadn't found them.
The reporter went to San Francisco to interview David Walsh in person, but found that after returning to San Francisco, David Walsh borrowed $300,000 from the bank with some stocks as collateral, and then went in and out of the casino, held parties every day, surrounded by beautiful women.
Just a few days ago, in an interview with an entertainment newspaper, David Walsh also said that they had discovered a large lode and are still further exploring specific reserves.
Asked when he will be sent to the testing center for testing, David Walsh said that he will send it together after all the surveys are completed to get the most comprehensive data.
This reporter said,
As a mining company owner, it's impossible to tell the difference between copper and pyrite, and now all evidence suggests that David Walsh is most likely lying.
The reason he lied was to drive up the share price of Wash Mining.
Just half a month ago, Walsh Mining's stock price fell to $0.12 due to a report in the Los Angeles Financial News. The stock price has soared sharply, and now it has reached 1.56 yuan, an increase of 13 times.
This kind of behavior is a crime of Chi Guoguo, and I hope that the China Securities Regulatory Commission will investigate, so as not to cause irreparable losses to investors.
As soon as this report came out, it was like detonating a bomb in the stock market.
People were shocked.
is this real?
However, after reading this report, it was very detailed. The reporter even went to the mine to investigate. Even the prospecting director of Wash Mining said that no large veins were found at all.
Is all this a lie made up by David Walsh?
Investors who bought Walsh Mining felt panic in their hearts, many people began to sell, and the share price of Wash Mining began to decline sharply.
one day,
Walsh Mining's share price fell from $1.56 to $1.25, a fifth of its market value.
It was a little more stable the next day.
The Securities and Exchange Commission issued an announcement to formally launch an investigation into Wash Mining and send someone to verify the true situation of Wash Mining.
On the same day, David Walsh was seen being taken away for investigation.
Boom~!
The mine was officially detonated.
Walsh Mining's share price began a frantic downward pattern.
1.14.
1.05.
0.98.
Officially broke the 1 yuan mark.
But it's not over yet.
The decline continues.
0.81.
0.74.
0.62.
By the end of the day, Walsh Mining's share price had fallen to $0.43.
......
Financial Industry Regulatory Authority Investigation Section.
David sat in the chair, looking very uneasy.
The investigator put the information in front of him and looked at David Walsh with a cold face. Has your mining company ever found a large ore vein?
No~ no, but I never said I found it. David Walsh quibble.
What did you say when the reporter was interviewing?
When the reporter interviewed, I only said that it is possible to find large ore veins, and there may be associated gold mines, but I didn't say that it was really found. It was the financial newspaper's report that was wrong.
The investigator sneered.
is that so?
You said that the financial newspaper's report was wrong, but after the report, you have a full week, why did you not come out to clarify.
We looked into your itinerary, and the next day you went back to San Francisco and hung out on the San Francisco Stock Exchange because of that report, and the stock price of Wash Mining went up. Why didn't you come out and explain.
Then you and Pacific Capital Bank took out a mortgage loan with some stocks. Why don't you explain at this time.
When you were interviewed by a reporter from the San Francisco Entertainment News, not only did you not explain, but you even said that you found a large ore vein, and you are conducting further investigations, waiting for the end of the investigation to be submitted for inspection and other remarks.
David Walsh was left speechless when asked,
His face was covered in cold sweat.
He wanted to explain that it was indeed the Financial News report that was wrong, but how to explain his behavior later.
Clearly happy to see it happen.
It even pushed up the stock price.
How could the investigator believe that he was fishing in troubled waters.
The investigator took the information in front of David Walsh and took out the photos inside, Look, these are all photos taken in your mining camp. We have already asked mining experts to identify them, and there is not a single piece of qualified copper at all. Mine, only some poor iron ore, and a pile of rubble.
But you take this as a large-scale mine to publicize to the outside world and drive up the stock price of Walsh Mining. Your actions have constituted stock price manipulation with false news, and you will face more than ten years in prison.
David Walsh collapsed in one fell swoop.
I, I, I'm really not. I really didn't want to lie at first. Those were all misunderstandings.
woooooooo~~
The investigator sneered.
He has seen too many sophistry guys, many of them are financial bigwigs who used to be all-powerful, and whoever comes in here will say they are wronged.
You keep these words to the judge.
......
soon.
The SFC announced it to the public.
There is indeed a fraud in Walsh Mining. The previous report of finding a large ore vein is a lie. Chairman David Walsh has manipulated the stock price with false news and will face charges.
The SEC also issued a warning,
Walsh Mining previously borrowed $200,000 from the bank to purchase land in New Mexico. Later, David Walsh loaned $300,000 in shares for personal consumption. In addition, Walsh Mining has suffered losses for consecutive years in recent years, and may be insolvent. , please invest with caution.
Boom~!
Walsh Mining's share price exploded again.
In the past two days, Walsh Mining's share price has fallen to 0.21 US dollars, and some people are still expecting a favorable survey result.
But as soon as the announcement of the Securities Regulatory Commission came out, the death penalty was completely sentenced to Wash Mining.
Walsh Mining's share price plummeted.
It fell directly below $0.1, and finally only $0.03 per share was left.
Shareholders are howling.
Shareholders of Walsh Mining were even more in tears.
Originally, they saw the stock price soaring, and their net worth also rose with the tide. I didn't expect that in just one month, it would be like riding a roller coaster.
Ups, downs, downs, downs...
......
And in this falling farce, Hardy made another small profit. Before the unknown newspaper broke the news, he used some scattered accounts to find two new brokerages and made a round of shorting on Wash Mining.
But not much to play.
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