What’s Wrong With Me Being a Rich Man?

Chapter 183: 181 Suspension

—Jiahan Forestry is collapsing!

—No, Jiahan Forestry has collapsed!

These are two news titles released by Yahoo Finance at 11:00 noon and 11:30 on August 14, 2009.

The largest private forestry company in the Northern Hemisphere!

The market value exceeds $5 billion!

Previously, analysts believed that it may exceed US$10 billion this year!

Not to mention any giant company, this scale is definitely not small. In particular, the traditional industry it is located in has always been considered relatively stable, and no matter whether it is rising or falling, there will be no excessive fluctuations.

Now... this is really a refreshing platform diving!

Moreover, unlike other similar experiences, this time, because the most well-known Paulson came out to stand, Jiahan Forestry's stock price decline received a strong boost.

Jiahan Forestry itself is not a solid fortress, and now there are important major shareholders who have turned against each other. All funds that dare to stand on the opposite side will only end up being flooded.

The stock price is too fierce, so ruthless that it makes people feel illusioned.

—Fuck, this stock has fallen by more than 50%!

—It's broken 60%!

—70%!

—A 70% drop, you can buy at the bottom, it is impossible that there is no rebound like this, right? !

Some retail investors attracted by the magnificent collapse looked at the price of Jiahan Forestry, and felt like grass was growing in their hearts. Especially when they saw the news on the front line, they learned that Chen Deyuan, the founder of Jiahan Forestry, was going to hold a release in Xiangjiang late at night. Yes, my hands couldn't control them.

Or, try copying some?

Logically speaking, it should be the end?

Whether it is out of simple experience or luck, some retail investors have bravely rushed into the ocean of defeat.

At 12:30 noon, Eastern Canadian Time, Jiahan Forestry issued an emergency news, confirming that founder Chen Deyuan would hold a press conference half an hour later. At the same time, it also stated that it had applied for a temporary suspension of trading to the Securities Administration CSA.

In the three hours from 9:30 am to 12:30 noon, Jiahan Forestry's stock price has fallen from 18.1 Canadian dollars at the opening to 5.04 Canadian dollars, with a market value evaporating 72%, and is currently only worth US$1.42 billion.

This epic collapse consists of research attacks over the mountains and Paulson's support. Of course, the most essential thing is Jiahan Forestry's vulnerable scam.

The half-day performance of this stock in the Canadian stock market also alarmed Wall Street, and many analysts analyzed the various situations in this matter.

The world-renowned media, The Wall Street Journal, reported on the report after combining some opinions, and its title directly uses the original words "Crossing the Mountains" - "Deceitremainethforever".

Bloomberg, which also has a wide influence around the world, extracts similar details of "crossing the mountain", with the title "AnotherMadoff-stylecompany".

The case of financial fraudster Madoff is still popular in the industry, which is particularly easy for readers to understand the nature of this company.

Whether it is the Wall Street Journal or Bloomberg, whether it is their title or content, their position is quite obvious at this moment, and they recognize the research report issued by "crossing the mountain".

Wall Street hedge funds number one, well-known media, notorious short sellers and unsuspecting company businesses…

Investors who originally held Jiahan Forestry only felt that the sky had collapsed!

Not everyone always pays attention to business and company information. When they hurriedly open the website due to widely circulated news, they only see a stock that has withered in the wind!

What about me such a company with a market value of $5 billion?

You said it is the one that is expected to break through to $1 billion now? ? ?

The decline is too fast and the decline is too fierce!

Investors who didn't have time to cut their losses did not realize that selling was of any significance at this time, but instead tended to hold on to it - as long as I didn't cut it, it would be just a loss...

At the same time, what comforted them was that the founder of the company was about to hold a press conference.

This may become a turning point.

Investors who suffer losses are trembling, investors who suffer real losses are in pain, and major shareholders are furious...

At this time, at 1 a.m. in Xiangjiang, Chen Deyuan, the founder of Jiahan Forestry, held a late-night press conference, refuting the research report of Kuoshanfeng, and announcing that everything was slander. At the same time, the Canadian Securities Administration CSA also responded to the company. , the market requires a discussion meeting to discuss whether to temporarily suspend Jiahan Forestry.

Chen Deyuan cried under the camera and accused the atrocities of the unscrupulous bears.

The Administration has conducted careful research and is almost confirmed to have the suspension of Jiahan Forestry.

However, when they were about to end the discussion, the three major shareholders of Jiahan Forestry called one after another and made similar demands - the trading cannot be suspended!

The largest shareholder Chandler, the second largest shareholder Davis, and the third largest shareholder Paulson... They showed different attitudes when facing the short selling of Jiahan Forestry. Davis really supports him. Chandler is true support and false support, Paulson is stabbing the knife.

However, when they received news of the CSA's discussion on suspension, they were all terrified and actively lobbying, not wanting to see such a situation.

CSA communicated with the three shareholders leisurely, and finally learned from the major shareholder Davis that the most honest worries were the ones that were afraid that once the trading was suspended, it would be forever.

He is the one with the worst losses among the three major shareholders. He hasn't gotten off the bus yet. If Jiahan Forestry does not stop trading, the stock price will definitely continue to fall, but at least it is a little bit...

If Jiahan Forestry is suspended, the next plot will be very familiar.

Suspension → Investigation → Bankruptcy → Establishment of a creditor's committee → No pursuit.

In the end, 250 million shares of Jiahan Forestry will become standard waste paper!

That's really a loss of money!

The total cost of Jiahan Forestry stocks held by Davis exceeds US$350 million, some of which were obtained through bulk transactions. Now they cannot escape at all. The rest of the stocks that can run are not lost due to strategy errors.

After doing so, his losses are close to $300 million!

Chen Deyuan's press conference was broadcast in the conference room where CSA held a meeting simultaneously, but compared to the founder's grief and anger, they felt that the major shareholder on the other end of the phone was really... crying!

"In principle, we sympathize with your losses, Mr. Davis, but the situation in Jiahan Forestry has reached a very critical time. In order to protect the interests of the majority of investors, we will announce our decision in 10 minutes."

In the end, CSA rejected Davis' request without regret.

But even so, the call between the three major shareholders in the first and last year bought nearly half an hour of collapse for Jiahan Forestry.

At 2:30 pm ET, that is, at 1:30 am in Hong Kong time, the CSA issued an announcement confirming the suspension of Jiahan Forestry's stock.

It is worth mentioning that when the CSA announcement was released, the company's founder Chen Deyuan had just finished the press conference and had not even left the venue.

The reporters who were already blocking Chen Deyuan received new information and immediately blocked the passage and threw out the latest situation: "Mr. Chen Deyuan, what do you think of CSA's suspension of Jiahan Forestry?"

Chen Deyuan had already expected it, but when he heard this unexpectedly, his shocked and panicked expression on his face still frozen under the flash.

A few seconds later, he barely raised his strength and said in a hoarse voice: "We will be back soon! Time will tell you!"

At this point, Chen Deyuan refused to accept the siege of the reporters, and even if the microphone was stuffed into his mouth, he would no longer respond to any word. He worked so hard for half an hour to leave behind a messy press conference scene.

But no matter how he performed, no matter how embarrassed he was afterwards, or how sad and angry the press conference was, as of the moment when the stock was suspended, Jiahan Forestry's stock price had collapsed to 1.991 Canadian dollars in a miserable way, and its market value evaporated by 89. %, only $558 million left.

Good news, the market value starts at 5 before the opening, and the market value starts at 5 when the trading is suspended.

The bad news is also 5, but there is a 0 missing from the latter.

Even worse news, even if it is a market value of US$558 million, this is very likely to be false and will only be zero in the end.

From 9:30 am to 2:30 pm, for five hours, Jiahan Forestry's stock staged the fastest legend, with a drop of 89%, shocking the global financial community and gaining the attention of countless journalists, investors and audiences.

The stock was suspended. Although some people were looking forward to the resumption of trading at Jiahan Forestry, mainstream opinions almost quickly reached an agreement. The company's cemetery had been dug and the remaining work was just to sprinkle the soil.

Compared with the opening process, more media will only conduct a more comprehensive review after the suspension of trading and conduct a larger-scale communication.

Therefore, a name that was brewing a tragedy was deeply imprinted in the hearts of many people, and the words in its research reports were also sought after.

—Onegenerationpassethaway, andothergenerationforeth, butdeceitremainethforever.

—The past generations come, and the deception lasts forever.

What's more appropriate is that the official website of Zhushanfeng was quietly updated at some point and returned to the previous interface.

—A comic snake and a sentence:

—See you next time.

Last time, because of shorting Fenzhong Media, the official website of Kushanfeng was hacked. When it recovered, it gave this sentence "See you next time". This time, it still ends in this way.

It has to be said that this left a very iconic and profound impression on people.

Even... many people began to pursue and spread the words of the mountain.

In the early morning of Shencheng, Yu Xing stayed up late to pay attention to the progress of the incident. When he saw the news of Jiahan Forestry's suspension, he was also regretful. He was really suspended and he couldn't get the subsequent money.

He is naturally not afraid of this suspension, which is completely different from Paulson's previous threatening suspension. This belongs to...

The child is dead, you have breastfeeding, and your big nose is dripping into your mouth. You know, what's the use of throwing it?

Yu Xing rubbed his tired eyes and flipped through the posts on Bai Xiaosheng and the content they translated. This was something that had attracted Jiahan Forestry’s legal affairs before, but the legal officials must have no intention of taking care of it now.

How should we describe this decline?

Landslide, tsunami, avalanche?

Yu Xing's thoughts were a little slow after being very nervous. It took him a long time to find a word, and hemorrhage!

He got up and walked a few steps, looking at the early morning night sky, knowing that the other side of the earth had just experienced a fierce market, and he couldn't help but feel that this matter was actually a bit romantic.

Of course, the parties involved must have the opposite idea.

No mistakes, one song, one content, one in 6, one book, one bar, one reading!

Yu Xing sat in front of the notebook again and saw that netizens had quickly translated the entire research report.

He looked at it curiously, and frowned at first glance, "One generation has passed, another generation has come, deception will last forever"...

No, it is not a deception that lasts forever, but a scam that lasts forever!

Yu Xing hesitated for five seconds and gave his own opinions in the form of comments: Is it better to translate it into "scam forever"?

Soon, his opinion was rejected.

"Oh, Dr. Yu didn't sleep, it's just a deception and perpetuity. This is a sentence changed from the Bible. You see, the translation is also translated in Xiangjiang." The user 'stayed up late again is a dog' explained the translation problem.

Yu Xing pondered for a while and continued to try to correct the situation: I saw that all the scams were found in this mountain peak, and I felt that the "scam will last forever" was more in line with its meaning.

Compared to "staying up late is a dog", another user's reply "I feel good at work on Monday" is much more rude: Doctor, what do you know about the mountains? Just be able to do Bai Xiaosheng well!

Yu Xing:…

What else can you say?

The founder of Bai Xiaosheng really couldn't explain what Shan Feng was thinking.

When Yu Xing was sleeping, he also discussed the future of Jiahan Forestry with another netizen.

His reply was: There is no future, and suspension of trading is a collapse that cannot be collapsed, and he will die directly.

Due to the issue of identity, such judgments are still questioned.

Yu Xing could not reveal the fangs of the mountain, so he could only end the discussion gently and lay in bed waiting for Xiaoying's summary.

The principal invested by Jiahan Forestry this time was US$3.2 million, most of which were the funds raised after Kestrel financing.

At this time, the previous choice to buy Mercedes-Benz seems to be ineffective.

At three in the morning, Yu Xing received a call from Xiaoying in a daze.

"This time I closed the Internet too early. I was afraid that Paulson would have any unexpected actions, so I was still conservative!" Liu Wanying's voice was a little annoyed, "In fact, when he came out to agree with the mountain, I should have adjusted it. radical."

Compared with the last attempt to short Fenzhong Media, she increased the proportion of CFD contracts this time, 60% of the principal is used in this regard, and the remaining 40% is half of PUT and double. CALL spread.

CFD can use higher leverage, dual CALL can lock in the highest returns, and PUT has the opportunity to bring more profits due to more declines.

"Paulson is under a lot of pressure. I have also felt it these days. Your strategy is also discussed. We cannot regret it because we see the established decline of Jiahan Forestry now." Yu Xing smiled, " If you don’t have time to close the network, Jiahan Forestry will suspend trading at 10, 11 or 12 o’clock?”

Jiahan Forestry has the possibility of suspending trading at any time, which means that the funds operated by Liu Wanying have always bear great risks. It is no longer possible to wait for the resumption of trading after the suspension.

"The reason is this, but..." Liu Wanying shook her head and reported the profit. "The CFD contract ended up being about $9.6 million, and the remaining ones totaled about $6 million, which is almost as fast as $16 million."

Yu Xing praised in surprise: "Awesome! After killing Jiahan Forestry's market value of billions, the money we earned this time is almost half of Bai Xiaosheng's next round of financing!"

Liu Wanying: “…”

She said angrily, "You are determined not to let me fall asleep today."

"It depends on your mood, adjusting your emotions. It's great. We only made $1.19 million last time, but this time it's $16 million. The more we have, the more money we can make, the more money we can earn. "Yu Xing said seriously, "I believe that with such a principal now, our next goal will be able to die with peace of mind."

If Fenzhong Media and Jiahan Forestry learned about Shanfeng’s profits, they would probably die with peace of mind.

Liu Wanying sighed: "We need more channels to obtain information, we need a small team, well, we need Alibaba."

Alibaba's next goal is enough to offset the annoyance that emerges due to the pressure of Jiahan Forestry.

Yu Xing chatted with Xiaoying for a while, and then asked her to rest first and have a comprehensive chat tomorrow.

However, after hanging up the phone, he tossed and turned and couldn't fall asleep.

After a long time, Yu Xing opened his eyes again and was almost noon.

He hurriedly washed up and arrived at the company. Not long after he sat down, he saw the third-in-comman Zhong Zhiling walking in.

"Brother Xing, why did you ask the secretary to give me one..." Zhong Zhiling asked in confusion and hesitation, "An order to suppress Jiahan Forestry News?"

Yu Xing coughed and explained: "This matter looks quite complicated. We don't have to put its popularity first. It's too dazzling."

"Brother Xing, why is it complicated? It's not praise, it's natural popularity!" Zhong Zhiling argued.

Yu Xing suddenly felt the illusion of Xu Xin's mood. After a while of silence, he said, "Press up a little, other platforms are already reporting."

Zhong Zhiling said righteously: "Brother Xing, what should I suppress? Who asked you to suppress? When Xu Xin asked you to suppress, how did you tell us?"

Yu Xing: “…”

Zhong Zhiling looked at his senior brother's messy hair and haggard face, suddenly felt the pressure he might be facing, and sighed: "Forget it, Brother Xing, you have pressure, you don't say anything, just do what you said."

"Oh..." Yu Xing called the third in command who turned around and said helplessly, "Forget it, stop suppressing it, just like that, natural heat."

Zhong Zhiling hesitated and said, "Then your pressure..."

Yu Xing pressed his hand on the table and expressed his position: "I am Yu Xing, not Yu Xin!"

Zhong Zhiling nodded silently and turned around and left the office.

A moment later, he saw the second-in-command Lu Haiying and saw her inquiring eyes.

Zhong Zhiling sighed and said, "Brother Xing, he..."

He was silent for a few seconds and said regretfully, "He is no longer sharp."

It is also a common human nature to be ruthless in the business world.

(End of this chapter)