Rebirth: The Financial Giant
Chapter 843 [The muddy water gradually becomes bloody]
At night, at the same time in the Western Hemisphere during the day, Muddy Waters Company received an anonymous report and learned that Ruixing Coffee had data fraud.
This data soon reached the hands of the boss of Muddy Waters Company. His first reaction was to know who or what organization submitted the data.
However, the identity of the anonymous person was not found. Muddy Waters quickly focused on this material, which was too detailed.
Muddy Waters is indeed very excited. It doesn’t matter what the anonymous person’s purpose for submitting this material is, and it doesn’t matter. What matters is whether Muddy Waters can benefit from it.
Obviously, Muddy Waters cannot just rely on this material to directly issue a short-selling report and get in. He has to conduct his own investigation to get reliable information. Investigation is Muddy Waters' specialty.
After obtaining this material, Muddy Waters Company acted quickly. In order to investigate and confirm the reliability of this data, Muddy Waters Company directly paid to hire 1,500 college students. The food money of these students was obtained, and 100 students were also required to pay. The official employees of Ruixing Coffee have these people stationed at 1,000 Ruixing Coffee stores.
This includes big data collection that is not limited to secretly photographing coffee order numbers, estimating the number of people visiting the store, and takeout situations. The purpose is to obtain first-hand reliable data.
Muddy Waters Company also spent money in order to obtain reliable data. The key is decisiveness.
Because of the anonymous data materials it received, Muddy Waters basically agreed with Ruixing Coffee’s many analyses. Muddy Waters, for example, was not optimistic about this business model of spending money to subsidize consumers and coffee to expand consumer market share. .
Many of the descriptions in the materials are objective and well-founded.
For Muddy Waters, the most important thing is to confirm the reliability of this anonymous material. The best way is to investigate it yourself. Although this material is very professional, its origin is unknown.
…
Time entered November. In the following period, about half a month, Muddy Waters Company collected a large number of documents, actually investigated a large number of consumers, and collected a large number of store videos.
As more and more data were collected, Muddy Waters was gradually excited by these first-hand data. These first-hand data all proved the reliability of the anonymous material.
This is definitely a nuclear bomb that is enough to pry the confidence of bullish investors in Ruixing Coffee.
As a result, an 89-page short-selling report accusing Ruixing Coffee of seriously falsifying financial and revenue data gradually took shape, and Muddy Waters also exaggerated in the prepared report.
Muddy Waters conducted the investigation on his own, which actually only lasted two weeks. However, the report claimed that he spent nearly three years, collected as many as 25,843 receipts, more than 10,000 hours of store video, and actually investigated 10,000 Many consumers mobilized 100 full-time employees and 1,500 part-time employees to conduct manual monitoring and recorded sales for 981 days, thus obtaining the true sales status of Ruixing Coffee.
The short-selling report accusing Ruixing Coffee of fraud is also a fraud, a magical world.
At that time, the stock price of Ruixing Coffee was consolidating at a high level of 80 to 87 US dollars, and Muddy Waters Company was already as excited as if it was a chicken blood. After confirming the guaranteed winning version, it did not hesitate to short out.
…
Friday morning, November 22nd.
As soon as Lu Ming arrived at his office, Han Qiulin came over, and they entered the office together.
Muddy Waters released a short-selling report on Ruixing Coffee at around 10 a.m. local time in the Western Hemisphere last night, publishing an 89-page report accusing Ruixing Coffee of falsifying financial and revenue data.
Han Qiulin followed him to report, and immediately added: This 'empty message' from Muddy Waters directly caused the stock price of Ruixing Coffee to crash last night. It was cut in half during the session, and was broken five times, and finally closed down -31.87 after the market. %, and the market value shrank to US$14.1 billion.”
Brock is cautious enough. I thought Muddy Waters should take action in the middle of this month, but it was postponed until the middle to late-term. Lu Ming didn't have much fluctuation in his heart when he heard the news, as if he was listening to something sparse and ordinary. Report is average.
Lu Ming walked to his desk and sat down, typing on the keyboard for a while. The time-sharing trend chart of Ruixing Coffee last night came out. The intraday low reached 35.567 US dollars per share, and it broke through several times and showed a step-like plunge. , creating a trend of halving within the day, and finally closed at $56.183.
At this moment, A-shares are about to open, and the hot spot in the pre-market news is that Ruixing Coffee has exploded, and it has also been on the hot search.
He was so prosperous more than a month ago, and now he’s having a blast?
Domestic melon stock investors and melon netizens are just watching the excitement and don't take it too seriously. Some melon netizens joked that they should go and patronize Ruixing Coffee as soon as possible. Maybe they won't have this opportunity in the future.
There are still a lot of bargain hunters... Lu Ming looked at the long lower shadow line drawn by Ruixing Coffee, smiled and then ordered: Go and remind Lao Lu, let him blow himself up today. 'Let's give the lucky investors on Wall Street a bigger 'snake splash', haha~~
Han Qiulin immediately left the office to carry out the execution, while Lu Ming turned his attention from Ruixing Coffee to many Zhonggai stocks.
Not surprisingly, Ruixing’s explosion will definitely have an impact on Zhonggai stocks. The bulls of Wall Street capital will gradually withdraw from Zhonggai stocks in the next year, but this does not mean that Zhonggai stocks have reached their peak. It will continue to rise in the next year.
The reason why it can still surge upward is based on two logics. One is that the global money printing frenzy in the next year will definitely promote the expansion of asset price bubbles, and the core assets of Zhonggai stocks will also benefit; the other reason is the leeks immigrating from the country. Will buy a large number of Zhonggai stocks.
They are said to be leeks because these people made money at home and immigrated. As a result, they encountered the global money printing frenzy. They were burning their hands with cash. The value of the money depreciated too fast and made them anxious. They desperately wanted to find a place to live for their money. In other words, switching to asset holdings can better combat inflation.
But they don’t know much about foreign companies, and they know relatively better about domestic companies, so Zhongjian stocks have become their first choice for investment.
Moreover, they don’t think that Ruixing Coffee can affect the valuation of many outstanding secondary stock companies such as Ali, Penguin, and Wangxiang. If it can bring down the stock prices of these companies with excellent profitability, it will be a bargain hunting. Opportunity to pick up money.
Based on these two logics, even if Wall Street capital begins to withdraw from Zhonggai stocks, it will continue to reach the top in the next year, and then all the leeks that have rushed in will be collected.
Obviously, Lu Ming cannot let all these leeks be harvested by Wall Street capital. Tiansheng Capital must be the first to harvest them. They are all the wealth flowing out of Greater China.
One is Zhonggai stocks and the other is Bitcoin.
Most of what is lost must be recovered through Tiansheng Capital.
…
At around 10 a.m., a piece of news officially released by Ruixing Coffee made Wall Street investors and North American stockholders in the Western Hemisphere who held the company's stocks dumbfounded. They were destined to be unable to sleep this night, and they would have nightmares even if they slept.
Just now, Ruixing Coffee reported him, or to put it another way, Lao Lu suspected that the company had financial problems, so he reported the company.
Anyway, the scapegoat is the chief operating officer, and the scapegoat is not stupid. He quickly packed up his things and ran away overnight. Don't go abroad in the future, and don't show your face in the country. At this time, ask the boss to get some expenses and go to the countryside to take shelter. Come on, I believe Lao Lu will not be stingy. After all, after cashing out so much money, is it reasonable for you to take the blame and not pay any expenses?
According to the regulations of the North American stock market, if the annual report is not submitted, the company will be delisted. Once delisted, it will lose billions of dollars. If the company commits financial fraud, the company will be fined up to 25 million US dollars, plus 10 to 25 years in prison.
In this way, choosing the lesser of two evils, Ruixing Coffee reports itself and performs a drama of survival by docking its tail.
Domestic stock investors and netizens are also numbed by Ruixing's operation show. Good guy, report him? Is there such a god-level operation method?
…
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