Chapter 179 Only Rang (5k)


    KingCobraResearch.


    At one o''clock in the morning, four executives from Paulson Advantage Plus fund stood in the boss''s office and saw a name that was impressed.


    At least, this is a poisonous snake that devours sleep!


    After reading the research report from this emerging bear, they felt similar feelings in their hearts, which was bad!


    Now, this is a poisonous snake that swallows money!


    This is worse than before!


    Paulson AdvantagePlus Fund currently holds about 26 million shares of Jiahan Forestry, worth more than US$500 million. Assuming the content of this research report is true, the final outcome of Jiahan Forestry can only be delisting, and the relevant responsible persons will also have to pursue legal responsibility. The stocks in their own hands are likely to shrink by 80% or 90%.


    There may be losses of more than US$300 million...


    Who will assume this responsibility?


    The four people have turned the research report to the last page, but still haven''t spoken out, but Yu Guang has seen the boss''s angry eyes. It''s not difficult to understand. If the boss loses 300 million US dollars, the boss''s own will have more than 100 million.


    However, without looking at it, I could already know Paulson''s mood since I entered the office and saw a watercolor painting originally hung on the wall being thrown on the ground.


    "Perhaps we can talk to this KCR." Vice President Smith still spoke up and gave a solution outside the report, "I heard that this is an Asian institution."


    Another vice president, Aaron, denied this statement without hesitation: "No, it will not be an Asian institution, it must be from the United States or Europe."


    Smith wondered: "Why?"


    Similarly, Paulson''s eyes also looked over.


    Aaron turned the research report to the first page, pointed to "deceitremainethforever", and said, "The words in the report are very exquisite. Remaineth is ancient English, and modern English should use remains. This is an ancient expression in religious texts, making this sentence more elegant and solemn."


    "Deception will last forever. You see, this tone is more like conveying a truth that exists in the world, but it is written at the beginning of a short-selling report. Deception will last forever and short-selling trials. It is like this institution conveying its philosophy!"


    "I don''t think an Asian institution will have such details. At least, the core figures here are from Europe or the United States."


    Aaron talked freely, and even showed appreciation unconsciously.


    People in the office think that this inference makes sense.


    Paulson paced slowly and walked to Aaron.


    Aaron returned with a tough and innocent look, but this look quickly became awkward as the boss''s eyes got closer and closer to his own eyes.


    Paulson''s face approached the vice president''s face and stopped until it was less than ten centimeters away. Anger burst out with saliva: "Did I ask you to study this?"


    Aaron responded to silence.


    Paulson glared at him one by one: "Do you think I didn''t expect it? The email I replied to was not moving at all!"


    He had tried to reply to the email before his subordinates arrived, but Zhushanfeng did not answer.


    Vice President Smith whispered: "The situation is very obvious now. This KCR institution has set aside its time for short selling and has no intention of communication. It is just a choice that is not a choice."


    Paulson paced to the window again, looking down at New York in the dark night.


    He had already thought about this issue when he was alone. Guo Shanfeng sent the upcoming public report to himself, the shareholder in advance, just to force himself to smash the market together and then let the other party get more profits.


    But you must take action, otherwise you can only confirm the loss, which is unbearable.


    What if it sells out in advance?


    Paulson has considered this kind of operation, and while building positions and shorting, he cut his losses earlier than the time when crossing the mountain.


    The problem is that if you pass the mountain peak, you will still be public, and your actions of running away early are too obvious. You are undoubtedly using your actions to tell the whole world that you have obtained inside information.


    Although he has made huge profits through the financial crisis in the past two years, Paulson also knows that many people are staring at him. As long as his funds make such obvious moves, they will definitely attract investigations.


    Even once you cut your flesh in advance, you can open the email records after crossing the mountain, which will make it difficult for you to confront you, and it will be troublesome at that time.


    Even... Even if you don''t cut your losses in advance, you may have publicly recorded emails, causing some problems, but compared to the public profits of "broken contracts", secretly building positions and shorting can evade investigations.


    Thinking about it all, there is only one demarcated road that can be taken - secretly participate in short selling, wait for the mountain to release a report, quickly cut the liquor and smash the market, so as to maximize the reduction of losses.


    At this time, another O''Brien, who had not spoken, made a suggestion: "Should we talk to Chandler, Davis and others? We all have enough influence to advance and retreat together, and this KCR is just a small institution."


    Paulson looked back at the director of his fund in disbelief and finally knew why he had a stupid research and judgment on Jiahan Forestry!


    Because a stupid leader will inevitably lead to a stupid team below!


    He pulled off a watercolor painting at hand, kneaded it into a ball and smashed it at O''Brien, and shouted, "Get out!"


    O''Brien turned around awkwardly, left the office and gently closed the door.


    Two of the twelve watercolor paintings from well-known artists were killed, which also means that the boss''s mood was worse than what he showed on his face.


    Vice President Smith took a breath, discussed other possibilities in the established direction of the mountain, and said seriously: "Since Jiahan Forestry''s affairs have come out, KCR must be ready. If it is based on the way it delineates for us... Of course, we can use these few days to temporarily suspend Jiahan Forestry''s stock."


    Paulson looked at Smith: "Speak."


    "It''s not that there is no way to stop KCR''s short selling." Smith said carefully, "As long as the trading is suspended, KCR''s research will lose its effect. The stocks have no liquidity, and this time of suspension..."


    “We can do a lot.”


    "The core conclusion of the KCR survey is that Jiahan Forestry''s asset fraud is that the things it gives are moisture. What if we refille this moisture?"


    "We add Chandler and Davis, and the three companies have a combined stake of more than 38%. We can work together to find opportunities for asset restructuring. For example, Huihao Company, which is not only one of the largest private forest owners in the United States, but also has more than 10 million acres of long-term licensed forest land in Canada."


    "Jiahan Forestry''s assets need to be re-audged, but under the threat of KCR research, Chen Deyuan''s group of people will inevitably compromise and will eventually be able to sell the company, otherwise they will face jail."


    "Suspension will be exchanged for operation time, and use our resources to reorganize assets. Our discount this time has the hope of being repaired and new growth will be achieved under the recovery of the future economy."


    Smith also mentioned the connection with the two major shareholders Chandler and Davis, but what he thought of in a short period of time was a framework for solving the problem.


    Change and fight!


    Paulson did not immediately express his opinion after hearing this. After thinking for a long time, he asked: "The value of Jiahan Forestry will shrink significantly. How can he convince companies like Huihao to accept asset restructuring if short sellers may leak any information at any time?"


    Smith immediately complimented: "Because we have Paulson."


    Asset restructuring in this case must be exchanged for interests outside the Jiahan Forestry plate, which can become a strong driving force for the development of the event.


    Boss Paulson is now known as the "No. 1 Wall Street hedge fund". Even Henry Paulson, who was previously the Treasury Secretary, had to retreat and laughed at himself as "another Paulson". His reputation is evident.


    As long as the boss is willing to push, he can mobilize the operational resources that the small short seller cannot imagine and make their short selling attempts vain!


    Just talking about Jiahan Forestry, the fraud of this company is hard to deny.


    But this is not the only one that everyone is playing against.


    It sets the time and we will suspend trading directly!


    It points out the truth and we take the initiative to self-destruct!


    First expose the bubble of Jiahan Forestry, then push the blame to the management, and then promote asset restructuring and mergers and acquisitions, you will eventually defeat this small short seller that emerged from nowhere.


    The more Smith thought about it, the more he felt that he still had room for operation and could fully counterattack!


    Even, his mood had become a little excited.


    People in the office are thinking about the vice president''s plan that sounds like a feasible one, which will take a long time and expand the space.


    Paulson obviously listened.


    He paced around the office in circles.


    After a long time, Paulson waved his hand: "You guys go out, Smith stay."


    The two executives did not complain and silently withdrew from the boss''s office, although they were also stakeholders and some also put money in the fund.


    "You sit." Paulson pointed to the chair opposite and praised, "Smith, you have a good idea."


    Smith sat down as he said, and he had become quite excited. He liked such fights from afar.


    Paulson changed the subject: "But it''s too long, I don''t want to wait."


    The passion that arose in Smith''s heart suddenly shrank, like a watercolor painting thrown on the carpet, also being kneaded into a ball.


    FuckPaulson! !


    He quickly calmed down and did not let the abuse of his boss affect his current work. He asked, "Then we must recover our personal losses."


    The losses of the fund are inevitable, and once it is operated, it will inevitably be subject to regulatory attention, so it can only make up for the losses of one''s own individuals.


    Paulson nodded and shook his head again: "Prepare with both hands, one hand follows the direction marked by KCR for us, and the other hand, you use other email to reply to them, telling you what you just planned, and then emphasize that we have communicated with Chandler and Davis. As long as there is any suspected short-selling signal, it will be suspended immediately without waiting for the market to react too much, and will conduct asset restructuring and mergers."


    Smith understood what the boss meant: "Is this a threat to them?"


    "A new small institution, they see things within our capabilities, so why not stop and think about it?" Paulson said calmly, "As long as they don''t launch it on Friday, it means that they have temporarily stopped. We will ship the goods slowly, and in the end we can short Jiahan Forestry to make profits."


    Not only to make up for the losses, but also to make profits!


    Paulson said slowly: "If they are willing to stop and wait for us to leave, they can still short Jiahan Forestry in the future. If they insist on taking action on Friday, this survey will have a probability of losing its effectiveness and their profits will be ruined. If you are the ones, what would you choose?"


    Paulson believes that with his reputation, Kushanfeng can also recognize such processing capabilities.


    In this way, it is not necessary to digest assets for a long time, but it can quickly end this matter, and it can also make profits from Jiahan Forestry through third-party channels.


    This is the best response!


    Smith easily understood this transformation of his method. After careful thinking, he pondered: "We are not easy to predict KCR''s decision."


    "Friday is a critical time point." Paulson mentioned the time again and said, "I am 90% sure they will stop the action."


    This is also the reason why he asked Smith to contact him by email. He wanted to collude with Guoshanfeng for subsequent cooperation, and said that his funds could also share the meat of Jiahan Forestry after leaving the market.


    Jiahan Forestry has a market value of US$5 billion, and it can make a lot of money. Now it is just a matter of pushing the time to make money.


    Is this an easy choice?


    Paulson believes in the thinking of peers.


    Smith was still a little worried. If following the opponent''s footsteps was completely passive, then according to his own method, he was to turn passive into active, and according to the boss''s intention, he was semi-active.


    What is semi-active?


    That''s just a semi-passive...


    Only when the dust is finally settled will the attributes of this decision be known.


    "We do asset restructuring and mergers and acquisitions, and customers'' money has a chance to keep it." Smith made a tactful opinion.


    "Yes, just a chance, what if we can''t convince Huihao Company to take over? What if Jiahan Forestry after the audit was a completely asset-free scam?" Paulson asked, "We don''t have much time. Your idea is good, but there are too many variables to implement. As long as KCR is willing to stop, the customer''s money can be completely protected."


    Smith couldn''t give any reason to object, and the boss''s words made sense.


    However, whether this principle can be fallen depends on the final result.


    Intimidation, game.


    Smith lowered his head and thought for a while, decided to half fuckPaulson, and agreed with the decision with practical actions: "Then I will notify KCR with other email addresses, warn them, and then indicate the subsequent short-selling cooperation."


    Paulson nodded slightly.


    Smith breathed a sigh of relief. This powerful countermeasure should allow KCR to give up temporarily. This small bear is likely not very strong, so this attempt was made to push our side to smash the market together.


    Since it comes for profit, it should leave for profit.


    "Take this laptop back." Paulson pointed to the laptop on the table and said, "But still set up a position to short it and see what happened on Friday."


    Smith picked up the notebook and said, "Yes, it''s Friday."


    Paulson relaxed at this time, smiled for the first time, and emphasized: "I am 90% sure I won''t see this annoying KingCobra Research on Friday."


    Smith hopes that''s the case.


    He said goodbye to the boss and walked out of the office. He saw three colleagues waiting outside.


    "How is it?" Aaron and Smith had a good relationship and asked at this time.


    Smith shook his head and gave no answer.


    "Come in." Paulson''s voice came from the office.


    Aaron and the other two quickly obeyed the call and walked into the boss''s office again.


    Smith held the notebook, but was not sleepy, and at three o''clock in the morning, he carried out a brilliant intimidation plan from the "No. 1 Hedge Fund Person".


    …


    Liu Wanying didn''t expect that her leisure would disappear after only half a day.


    At 13:00 p.m., she arrived directly at Bai Xiaosheng''s headquarters and learned that Yu Xing''s meeting had not yet ended.


    Fifteen minutes later, Yu Xing saw the email message in Xiaoying''s hand.


    An email from a third party did not indicate identity information, but only explained that the three major institutional shareholders of Jiahan Forestry had communicated. Once they encountered malicious short selling, they might conduct asset audits and reorganizations, and they had contacted potential trading companies.


    And, we do not rule out that there is still room for cooperation in the future.


    The wording of the entire email is relatively vague, but the meaning is expressed very clearly.


    Yu Xing looked back and forth four or five times, and then asked, "Xiaoying, do you think companies like Jiahan Forestry can be reorganized and acquired?"


    Liu Wanying is a company merger and acquisition. After receiving the email, she had thought carefully and gave her opinions seriously: "There is hope, it is difficult for us to know the actual asset scale of Jiahan Forestry now, and in many cases, company mergers and acquisitions are not driven by market forces."


    She used to do projects, A acquired B, not because of A''s idea, but because of A''s hands behind him.


    Because Jiahan Forestry is fraudulent and there is a bubble, will other companies not acquire mergers and acquisitions?


    The answer may be the opposite.


    The more this happens, the more the force behind it will promote the formation of mergers and acquisitions. However, this process may be more twists and turns and may be longer, but in this case, it has nothing to do with passing the mountain.


    The risk of loss over the mountain peaks is rapidly magnified. If Jiahan Forestry''s stock is acquired at a large discount of cash, it may even lose all the option funds.


    This is something Liu Wanying never expected.


    She sat in the office and looked at the content of the email. She felt a little ridiculous for a moment. The turning point in the matter actually came from her old business...


    Yu Xing looked at it again and had to sigh: "It''s Paulson. When we mention this status, the game we face is different. It''s late at night in the United States. They have quickly contacted Chandler and Davis, and have also entered into an offensive and defensive alliance. Well, they are worthy of being the number one hedge fund."


    This extraordinary feedback makes the action of crossing the mountain passive.


    Liu Wanying briefly and accurately describes the possible losses of funds.


    "If we were not so greedy before, and did not try to force Paulson to smash the market, but just shorted normally, that would be great." It would be difficult for Yu Xing not to reflect on this kind of reflection.


    "I don''t blame you, I agree." Liu Wanying also reflected on her and said, "Indeed, she deserves to be Paulson."


    The opponent is not at the same level as last time, and the response is completely different.


    In just a few hours, the counterattack framework has appeared on the other side. Not only does it not want to lose money, but it also wants to make a big profit.


    The more I think about it, the more I feel that this hedge fund number is indeed of good quality.


    Liu Wanying expressed her thoughts, not only to inform Boss Yu about the potential situation, but also to clarify his thoughts, and finally asked: "What should I do now? Is the short selling on Thursday going to stop?"


    "If we stop, Paulson will ship the goods slowly and clear the stock and leave the market, will he still burst the bubble and let Jiahan Forestry reorganize?" Yu Xing thought, "Or will he contact Chen Deyuan and the others privately and let Jiahan Forestry take advantage of this period of time to apply the deficit?"


    Liu Wanying said carefully: "Reasonablely, Paulson should be pursuing the biggest profit."


    Yu Xing nodded and said, "Yes, I''m afraid I''m not rational. Didn''t our original plan for him also be based on our perspective?


    He continued to point to the content of the email: "I don''t trust this Paulson, and I don''t know whether the above words are true or not. Our last calculation and speculation have been proved to be invalid by facts. Do you want to do it again?"


    "Paulson is now reminded that all his movements are in the black box and under the water."


    "The longer the time, the more things he can do. Now we speculate about him in New York in Shanghai, which is like a blind man touching an elephant."


    Yu Xing understood the changes based on the content of the email, and then took out himself and raised questions about the authenticity of the email.


    Paulson is indeed very powerful and is the number one person in hedge funds.


    But I have even encountered things like Evergrande, so how can I believe what you said?


    Liu Wanying heard Boss Yu’s potential meaning, took a breath unconsciously and hesitated, "What do you mean..."


    "The plan cannot keep up with the changes." Yu Xing said in a deep voice, "I mean, go up!"


    Liu Wanying looked at her eyes.


    Yu Xing breathed slowly: "Go up, die!


    Liu Wanying couldn''t help but smile a helpless smile on her face: "You are so relaxed..."


    "It''s just that we''re going back, and Alibaba still supports us." Yu Xing''s eyes were bright, "We still have Bai Xiaosheng. At worst, I''ll flatter Xu Xin in the future. We still have a car that can be sold for money. At worst, we''ll ride an electric bike."


    Liu Wanying frowned and sighed, "That''s Paulson. He has verified the quality of the first person in hedge funds."


    Yu Xing nodded and said, "Well, that quality is from the past. The current quality is true or false, and you will know it once you test it."


    At this time, Liu Wanying also smashed her right fist into the palm of her left hand: "How to test it? Only rash?"


    Yu Xing got up and walked, his mind as he had been, and said in a deep voice: "It''s over here, but only rash!"


    (This chapter ends)