Chapter 181 Launching an Offensive (5k)
Thursday, August 18, the sun is shining and the years are quiet.
Yu Xing got used to running after getting up in the morning and was used to sorting out his thoughts during this process.
But I don’t know if it’s because of my running speed today, but I always feel that my heart beat faster than usual.
When he arrived at the office, the sun had already spread the floor outside the window with bright colors, and there seemed to be a cloud of fog in front of him.
No matter how Paulson, Chandler, and Davis communicate in the past few days, what actions they will take, and whether they have found the goal of asset restructuring, everything is unknown.
Only a faint shadow can be seen in my sight, and it is really difficult to determine whether the shadow is a little white rabbit or a big bad wolf.
This sense of uncertainty is really...sorry.
Yu Xing sighed quietly, but he also knew that Jiahan Forestry''s life and death depended on how the morning email was sent.
Guoshanfeng still acted according to the original plan. If the two shareholders have negotiated with Paulson, this is a complete warning. Jiahan Forestry is likely to suspend trading before the market and move towards asset restructuring.
On the contrary, it proves that Paulson is just a timid person.
As time approached nine o''clock, the cell phone on the desk suddenly vibrated. It was Liu Wanying who called in.
Yu Xingli''s mind was calm for a second, and pressed to answer, and the first sentence he heard made his heart sink.
"The action was postponed." Liu Wanyingtong knew, "It was pushed until two or three o''clock in the afternoon, and then sent research reports to Chandler and Davis respectively."
"For..." Yu Xing found that his voice was a little hoarse as soon as he opened his mouth. He continued to ask after coughing twice, "Why? What changes have occurred?"
"There is no change. I just calculate the time. I feel that it is better to shorten their reaction time." Liu Wanying said carefully, "When Paulson replied, I was always nervous. Although the short selling did not change, I still squeezed the time for these two shareholders."
It is now summer time in Canada, with the stock market time from 9:30 am to 4 pm, and its closing time at 4 pm in the afternoon is 4 AM the next day in China. After this point, the options market is also unavailable.
Based on uncertainty, Liu Wanying thought about trying to reduce risks. If the time left is not enough, so that these two major shareholders did not notice the research report, they would admit it.
Now we are mainly making profits. Pay attention to Paulson''s direction. It is good to have these two major shareholders to take the lead, but it''s okay if you don''t.
Yu Xing was very straightforward: "You think it''s OK, that''s OK."
Liu Wanying originally wanted to explain, but she was stuck in her heart because of such a direct answer.
She smiled bitterly and said, "You are really carefree!"
"No, no, my throat is hoarse when I smoke." Yu Xing said the truth, "It''s not a casual person. We are atypical short sellers, just two people. At this time, we believe in the other party''s judgment and the other party''s luck, and we can''t get out of place."
He let out a long breath and concluded: "Get forward with your teeth."
Liu Wanying was in a similar mood. After a while, she said, "Well, yes, after the two emails were sent out, we will contact us. Canada will open at 9:30 pm. Our website will automatically issue an announcement one hour in advance. If there is any movement, maybe you will know before the market opens."
She paused and added: "Not necessarily. We don''t know who the other person is contacted and what transactions are there. Anyway, if the market can open smoothly, the stock price will definitely fall. I judged the situation and I will protect some of the profits this time."
Liu Wanying felt like she was touching a tiger''s **** this time.
She herself is a direct victim of the financial crisis, and she lost a lot of her savings. There are many people in the world like herself, but who is Paulson?
That is a Wall Street star who made a big profit against the trend and is a world-renowned figure.
Such a comparison is like a tumult of Tai Sui’s head!
This kind of pressure forced her to be more conservative in operation.
Yu Xing still agreed.
When he put down his phone, he felt more clearly that the waiting time was prolonged, and he unconsciously started smoking again, and by the way, he thought in a mess.
Thinking about the world, stuart is a kind of wisdom...
Thinking about life, life is a huge fog...
"Cough cough, senior brother, are you going to order the office?" Lu Haiying pushed the door and walked into the president''s office. As soon as she came in, she was choked by second-hand smoke, as if she had returned to the mahjong room where the elders gathered during the Chinese New Year.
Yu Xing''s smile flashed in the fog: "Hmm? Is there any? Oh, open the window and get some breath."
Lu Haiying quickly opened the window and asked with a guess: "Senior Brother, what big news have you got?"
Yu Xing had a strange expression of thinking about life on his face, shook his head and denied, "No, there are quite a few people who sent me private messages, but nothing is very important."
Lu Haiying thought for a while and continued to guess: "Senior Brother, have you quarreled with Mr. Xu again?"
Yu Xing sat steadily on the chair like an old monk and replied, "There was no quarrel. Not only did he not quarrel, I also made up with her. She also invited me to have dinner next week. Are you going?"
Lu Haiying hesitated for two seconds and declined, "No, senior brother, I''m not good at dealing with investors. You should go, don''t scold people after you go."
Yu Xing smiled slightly: "You are thinking too much, it''s just a dinner party. Who can''t do it when it happens? I used to be too lazy to do that. This is a show, and that is a show, Xiaoying, what''s the meaning of this life?"
Lu Haiying didn’t know what was wrong with her senior brother, but she felt that she was feeling terrified.
Big news without a website mechanism, no conflicts with investors, and the company has developed very stably recently. What else can make the senior brother like this?
Lu Haiying rolled her eyes and probably guessed the problem.
The Mercedes-Benz parked downstairs was bought by my senior brother.
No, it shouldn’t be said that my elder sister is the one who asked the woman to buy it for him.
Lu Haiying knew that it was difficult to persuade her about her relationship, and she didn''t know what complicated the two were. She could only talk about her work briefly and invited her senior brother to go to the Shaxian Hotel at noon.
"I won''t go anymore. You can bring me a box lunch. You don''t have to come in if you have nothing to do. I have to think about our career direction." Yu Xing expressed his desire to go into seclusion in the office.
Lu Haiying was amused and cried, and respected the rare condition of her senior brother.
The lunch box was tasteless, and the afternoon waiting was a slight torture.
Can you be less greedy and more respect?
Still the same thing, crossing the mountain peaks could have raided Jiahan Forestry.
However, although Yu Xing was worried about gains and losses in the office, he never contacted Xiaoying and tried to change his mind.
At two o''clock in the afternoon, the phone vibrated and showed a text message from Xiaoying.
Yu Xing didn''t watch it.
Another hour passed, at three o''clock, Xiaoying sent another text message.
Yu Xing still didn''t watch it.
This is also considered to be "no news is good news". If there is really something abnormal, she will definitely call herself directly. These two messages must represent the sending of emails.
At 3:30 in the evening, just after Lu Haiying came with concern, the phone on the table suddenly vibrated violently.
Yu Xing''s scalp numb and he picked up and answered without hesitation.
"I received a reply from Chandler. He was very brief, just asking the mountain to not disclose the research report." Liu Wanying''s voice was trying to calm down, "and he could pay for it."
Yu Xing carefully considered the clues that came out of the fog for the first time in the past few days. After a while of silence, he slowly said: "I feel that this major shareholder of Jiahan Forestry has not had any further communication with Paulson."
If so, should the attitudes of both sides be consistent? Or should he propose Paulson''s approach?
"My first reaction is also like this, but it is not ruled out that the other party just wants to stabilize us or something." Liu Wanying frowned and said, "No matter what, the arrow is halfway out of the string."
Yu Xing has not been able to sleep but eat well these days. His mind is full of changes and calculations about shorting Jiahan Forestry this time. Although he said that this is a blind man touching an elephant, he still couldn''t help thinking.
At this moment, he sent all the information again, twice, three times, and finally said, "Paulson should want to blackmail us. I am 50% or 70% sure!"
"You started to infer, right?" Liu Wanying joked with the previous communication. "He is a stinky short seller, and he transfers so much money on the account every day. What patience does he have to make such a big plan!" Yu Xing did not talk about the incident, but only talked about human nature.
The money Paulson earned through the financial crisis in the past two years is calculated in billions of dollars. He went a few more laps at the financial level and the profit might come back!
Can you make a hard-earned money that you don’t know how many years will you recover?
Liu Wanying asked, "What if he left this matter to the team to operate, and he would only find someone at critical moments?"
Yu Xing calmed down: "Okay, then I''d better just say 50% sure."
Already honest, continue to wait for the results.
"Anyway, Davis did not respond, and the time was short. I don''t know if he had seen it. Judging from the initial changes, a little bit is beneficial to us." Liu Wanying said carefully, "They hold a lot of shares, most of them are non-restricted stocks. You can also see if there are any signals."
The three major shareholders contacted by Guoshanfeng must abide by Canada''s Securities Act, and the restrictions on share reduction doom their stocks to inevitably suffer losses. Now it depends on the amount of losses.
Paulson''s funds increased from 9.2% to 10.5% last time. According to Canada''s "National Policy 51-102: Issuer Disclosure Obligation", it submitted a "early warning report" document, which explained the background information of the shareholders, the purchase purpose and future plans.
Moreover, once the share change ratio exceeds 2%, this report needs to be updated.
There are many similar restrictions. If major shareholders like this buy and sell the same stock within six months, they will be regarded as short-term transactions, so the profits generated will be owned by the company.
Of course, losses are your own.
Paulson 10.5%, Chandler 16.3%, and Davis 11.2%, all of which crossed the 10% boundary. A lot of Liu Wanying''s information comes from documents published by the three companies.
The change here is that Chandler uses different companies to hold stocks, and perhaps he will run more this time.
Yu Xing thought about the relevant situation and suddenly said, "Look, whether it is Paulson or Chandler, their first reaction is not to ask about the authenticity of Jiahan Forestry''s fraud. It seems that they believe the contents of the research report."
Liu Wanying smiled and said, "This shows that this scam is not very clever, and it also shows that everyone often encounters such things, but they didn''t expect it to fall on themselves this time."
Yu Xing said "um" and his nervousness had eased a lot: "Then wait for the second research report of the mountain to be released."
"The latest announcement time is determined at 6 o''clock, leaving the market and public opinion for 3 and a half hours." Liu Wanying once again reflected the characteristics of atypical short sellers and finally modified the time, "You can look at the document updates in Canada, and maybe there will be information disclosure."
Yu Xing replied: "Okay, then I''ll wait."
Compared to today''s daytime absent-mindedness, the time at night seems to be quite fast.
Chandler did not make any new replies, and Davis did not make any noise from beginning to end.
At exactly 6:00 p.m. on August 18, an unknown short seller, released his research report on Jiahan Forestry on his website.
—Onegenerationpassethaway, andothergenerationforeth, butdeceitremainethforever.
—WehaveencounteredanotherMadoff-style companywitha$5billionmarketcapitalization, Sino-Forest Corporation.
This is an English version of the research report, aimed at investors in Canada, the United States, Europe and Hong Kong.
Although Jiahan Forestry claims to be headquartered in Canada, its founder Chen Deyuan is active in Xiangjiang most of the time, which has attracted many local investors.
As usual, Guoshanfeng notified two Xiangjiang media in advance before the report was published, and also sent emails to the US and Canadian media to recommend their own research in order to have a greater impact.
In fact, thanks to Guoshanfeng''s success, its email reminders and research reports spread faster than they expected.
Bai Xiaosheng''s company has already gotten off work.
Yu Xing was still lying in the office, but his mood was completely different from before.
There was no movement from the three major shareholders, and online media began to spread.
According to Paulson''s previous threat and given him a few days to prepare, if he really is willing to do that, and if he learns that Shanfeng''s research has been announced as soon as possible, he should also release news to hedge against the negative news, right?
But he didn''t!
Yu Xing smoked the last cigarette hard, and his mood gradually became ferocious as the cigarette butts flashed.
Thinking about life, my life is not a fog, it’s a wilderness!
Paulson, you are blackmailing, you just want to blackmail!
Yu Xing twisted the cigarette **** into the ashtray, pinched the empty cigarette box, and punched it on the desk.
The fog should be gone!
Paulson, come to die!
He wanted to jump onto his desk, but he caught a glimpse of the degree certificate on the wall and felt that he should still maintain his doctoral style.
The pressure over the past few days has almost disappeared, and now only a new idea has emerged.
Made, divide the warehouse, you must divide the warehouse!
…
Guoshanfeng officially published his research report on Jiahan Forestry.
As a party concerned who has been paying attention to relevant updates, Smith almost ran into the boss''s office, and the first thing he saw was Paulson''s angry eyes.
The office is already in a mess!
There were 12 watercolor paintings hanging on the wall, but two of them were pulled down last time, but now they have been hurt by Paulson''s hands. Only the painting farthest from the desk is still hanging alone.
"How dare he! How dare he!"
Paulson saw Smith, his anger burst out instantly, and this sentence was repeated in his mouth.
Not only did your best response not achieve results, but he even welcomed the other party''s short selling one day in advance!
Friday, didn’t you agree on Friday? !
Why did you post on Thursday?
You don’t care about your credit! !
Paulson kicked the painting on his shoe and turned around suddenly, his anger became even more intense: "Deceit! Deceit! Deceit!!"
It’s a deception, a lie, and it’s a scam from the beginning!
Even the first sentence of the research report on Kushanfeng had already said this, deceitremainethforever!
Fuck, this is simply ironic!
What made Paulson even more unwilling is that from now on, Smith''s plan is troublesome, but it is a dignified way to solve this problem!
If this plan is really followed, Paulson can actively burst the bubble in advance, then tie up several major shareholders to take the initiative in matters, and, if the restructuring news was announced from the beginning, this research report from Guoshanfeng might not be released.
Although this kind of operation is troublesome, it can also solve the problem.
Why choose a path that is easy but cannot solve the problem?
Paulson suppressed his regret and roared: "This institution is a lunatic! Why is it?"
As long as you cross the mountain and wait a little longer, it can see that Jiahan Forestry''s short positions are increasing, and you can know that Paulson has begun to join the market for cooperation. According to common sense, peers should be able to read such signals and achieve such cooperation.
Why does it take risks and why does it have to force it?
Paulson doesn’t understand, really doesn’t understand!
Smith cursed the boss in his heart while waiting for his emotions to vent, and then said, "Maybe, its email address is a one-time, and I didn''t see our reply at all when I crossed the mountain. Maybe... Maybe, its option time is approaching, but it''s already like this, what should we do now?"
All he said was to comfort the boss. He didn''t believe that he would not read the reply letter at all, nor did he believe that he would not leave enough time for shorting.
"What can I do? Run first, smash first!" Paulson forced himself to do it and pointed out that the problem that Smith''s plan could no longer be met. "Chandler and Davis probably received emails. Even if we have reached a temporary agreement now and announce the exchanges after crossing the mountain peak, this alliance will easily collapse. Now we can only..."
He stared at Smith and said heavily: "I can only suffer the client first!"
Save yourself and suffer a customer. Otherwise, what else can you do?
Smith also focused on his head, not only regretting the losses, but also frustrating the fight from afar.
He left quickly and carried out the operation of saving personal funds.
Canada, at 9:30 in the morning, Jiahan Forestry opened with the stock market...
Flash crash!
Bloody flash crash!
(This chapter ends)