Reborn as the richest man in India.

Chapter 42: 10 bales of cotton cause trouble

There were also several people in a luxurious villa somewhere in Mumbai talking about what was in the newspaper.

"What do you mean by Fajia pushing this kid out?"

"It's ridiculous. If you let a boy come out to buy cotton, can you hide it from us? It's just Gao Haga and the others who are providing the funds behind it."

"Fajia wants to stabilize the situation in Mumbai, and her mood is understandable."

"But we have to pay attention. If we leave it alone, the situation will really be stabilized, and it will be difficult for cotton prices to continue to fall."

"Mr. Pandit, you have to make up your mind."

Several people present all turned their attention to an old man in his sixties, and they obviously focused on this old man.

"Do you know how much money Gaohaga and the others gave to the boy named Qiao Ge?" Pandit asked slowly.

Everyone nodded, indicating that they were not sure.

"It should be tens of millions, right?" someone said uncertainly.

Pandit chuckled and said: "Don't underestimate Faga. From the news I got, it will not be less than [-] million rupees."

This statement surprised everyone present.

Borrowing a teenager [-] million yuan, even if they have a lot of money, they can't do this, right?

"It's not wrong. There must be [-] million." Pandit knew that they didn't believe it. "So we will estimate it based on [-] million, and maybe add some more."

"Tell me, what should we do?"

"We are not trying to fight against Fajia. We just hope that the price of cotton will be as low as possible so that everyone can make money." Pandit said with a slight smile.

Everyone present laughed, this is the reason.

"That guy is buying cotton and at the same time preaching that the price of cotton will rise soon, which will make some people hesitate. This is really not good for us." Pandit pointed to a passage in the newspaper.

These are the two sentences Jogo said about cotton at the press conference yesterday.

What he means is that he hopes that everyone does not need to panic. The Suez Canal will definitely return to normal before long, and then cotton prices will rebound.

These words are used to stabilize the small merchants who want to sell cotton. If they are not stable, they will sell collectively. Qiao Ge feels that one or two hundred million more funds may not be enough.

But these words were very unfriendly to Pandit and the others.

If these small merchants hold on to the goods and no longer sell them, how can they buy them at a lower price?

Qiao Ge is a bit like a troublemaker to them. They don't care much about the amount of one to two hundred million yuan, but this impact is not small, which makes them a little depressed.

Seeing everyone's silence, Pandit continued: "So we can't let this kid succeed, at least we must eliminate the impact of what he said. I suggest that we ship to that kid."

"What?" Several people present looked surprised, "Are we shipping?"

They want to buy it at a low price. What kind of trick is it to ship now? Isn't this a loss-making transaction?

They are a large merchant, and the price of the cotton they previously stocked was actually not too high, much lower than that of Kudali. The cost was about US$100 per pack.

The current purchase price of Qiaogo is US$85. How could they do such a loss-making transaction?

Moreover, they have abundant funds and can wait slowly for the canal to be restored to normal flow. There is no rush at all.

"When we ship the goods, do you think those small merchants will panic?" Pandit said with a smile, "It's only 85 million rupees, purchased at US$9 per package, which is more than 10 packages. As long as we invest 10 [-] bales, that guy’s funds have been exhausted. In fact, he can’t even use [-] bales. He has already purchased several thousand bales.”

"Understood, that guy will no longer be able to make purchases after running out of funds. Since our selling attitude will make those small merchants even more frightened, it will be difficult for Fajia to stabilize the situation. It is completely possible for the cotton price to continue to fall to 80 possible."

"80? The lower the better." Pandit nodded.

Everyone laughed and was in a good mood. With 10 bales of cotton hitting the scene, there would definitely be no problem.

"I probably understand Gao Ha's intentions."

As soon as Pandit said this, everyone immediately stopped laughing and listened to him continue: "The cotton purchased by Qiaogo must be used as collateral for their loan. As long as he cannot sell the cotton, the cotton will It fell into the hands of Gauhakar."

"Hmph, they are very calculating. The income from cotton must exceed the interest." Someone said, "Are they sure that after we know that Qiao Ge has purchased a large amount of cotton, they will ban him so that he cannot find a buyer?"

"If our [-] bales are really bought by Qiao Ge, can you let him sell the cotton?" Another person said, "They have calculated us and have us. The Gaoha guys are really hateful."

They don't care about a small amount of cotton. This involves [-] bales, so it's not a small amount. Besides, a large part of it is sold by them at low prices. It's impossible for them to take advantage of others.

So Qiaogo’s cotton can’t be sold.

"I believe that after they finally get the cotton, they will definitely sell it to us." Pandit said with a faint smile.

"what?"

"There's nothing surprising. They are old foxes. Do they really want to confront us and quarrel with us? Is this the result they want to see?" Pandit sneered and said, "Those guys also want to fight in Fajia. If we reap the benefits, then their cotton will be sold to us at a similar price, which won’t be too high.”

After hearing this, everyone thought it made sense, which meant that after going round and round, this batch of cotton would eventually return to their hands.

Of course, even if they don't bid high for these 85 bales of cotton, it will still be higher than [-] US dollars. After all, it's impossible for those guys not to make money, so they will suffer a small loss.

It’s just that the people present are all smart people, and they can quickly calculate whether they are losing or making money by doing this.

It doesn't matter if he makes a small loss of 10 bales. As long as he exhausts Qiao Ge's funds, the panic caused will make other merchants' cotton prices even lower. By then, the cotton he secretly scans will be far more than 85 bales, and the purchase price will definitely That's less than $[-].

In this way, they believe they can still make a lot of money.

The most important thing is to undermine Fajia's prestige and let him know that some things cannot be done just by what his administrator wants.

The assets of this group of people are actually nothing compared to some other wealthy people in Mumbai, but in the cotton industry, when everyone joins forces, even if the administrator wants to intervene, it is not that easy.

"Haven't we made them suffer before? It's interesting to have back and forth. Then let's do it like this. We each contribute some cotton and make a hundred thousand bales to exhaust that kid's funds. Well, remember to shout something Journalists spread the news and make the noise as loud as possible..." said Pandit.

Most of the people had no objections to Pandit's proposal. It would only cause panic if the news spread.

Someone mentioned Hu Lin and the others, and they wondered whether Qiao Ge’s purchase of cotton would be sold to the Chinese.

This actually shocked others. Other foreign acquirers were easy to talk about, but they had nothing to do with the Chinese.

Pandit was very calm. He believed that this matter had nothing to do with the Chinese. The Chinese could not purchase too much. The previous [-] bales were enough. Even if there were more, how many tens of thousands more could there be?

Everyone thought it was reasonable. In the end, it was up to them to compete with Gauhaga and Fajia.

So they didn't hesitate and immediately started calling the people below them to arrange tasks.