[Don’t be too stressed. You can consider arranging the work at hand reasonably and going to the United States for a vacation to take some rest. 】
At 3:30 in the afternoon, the computer screen showed 270,000 sell orders piling up at the stock price limit, and the phone showed a text message personally sent by a close friend.
Jia Yueting allowed the landline phone to ring continuously and stared at the desk with his head down.
From morning to now, it had only been a few hours since I started reminding him to arrange funeral arrangements, which was a bit too hasty.
The shrew named Su He was rogue and arrogant, and did not disclose any valid information. However, it was still certain that Xie Jingxing had a plot against LeTV itself rather than just venting his anger, so it was still unclear who would win.
"Chairman, our application for suspension of trading on major private placement issues has been approved."
Zhao Kai rushed into the office again, this time without wailing or screaming, with a look of lucky ecstasy on his face. He unconsciously lowered his voice: "The supervisory authorities did not send us a letter of inquiry. They verbally informed us that we should investigate the companies that appeared on the market as soon as possible." Disclosure announcement of major business news! ”
"Heilan Group promised to lend us the money, and Xingen Capital's reaction to the private placement?"
Jia Yueting was very noncommittal and seemed to have expected this.
It’s rare to have good news, but it’s really disappointing to hear bad news right after. Zhao Kai reported as euphemistically as possible: “Heilan Group has several legal provisions that need to be reviewed. Xingen Capital will advance the investment in the LeTV Automobile project in order.”< br>
"Has the internal stability maintenance statement been sent to them?" Jia Yueting frowned.
Zhao Kai quickly explained: "It has already been sent, but the incident happened too suddenly. They have to have a buffer period and hold a meeting to judge the situation based on information from all parties."
"Zeng Qiang is still in the capital. Make an appointment with me to meet him." Jia Yueting was in a tight state and did not want to delay the financing progress for a moment.
Zhao Kai saw this and felt quite at peace in his heart, so he simply left the office.
Financial fraud cases of listed companies often involve lies that get bigger and bigger, and they can no longer deceive the company, and eventually the company self-destructs.
The main reason why this phenomenon has become common is that supervision is difficult to cover everything.
For example, no matter how horrifying the content of the investigation report issued by Taihe Xiyou is, it directly accuses Boss Jia of committing the biggest fraud of the century and triggers heated discussions in public opinion. It is impossible for supervision to convict him and LeTV based on this investigation report from an unknown source.
According to the process of oral inquiries and inquiry letters, the seriousness is gradually increased. If LeTV cannot give a reasonable response within the deadline, the supervision team will set up an investigation team to settle in the company and conduct a "preliminary informal investigation" through interviews and other methods.
Only when it is determined that there are major problems, the formal investigation process will be launched, and the case will be closed internally with a penalty of three drinks, which is different from administrative penalties.
After various processes of administrative penalty review and reconsideration, the case was finally transferred to criminal proceedings.
In short, it is useless for Xie Jingxing to make a short-selling report to make public opinion happy. If he wants to kill LeTV through a complete set of investigation procedures, he will not even think about it in two or three years.
Zhao Kai originally thought that Marshal Xie's identity and background were so mysterious that he could at least skip the supervisory oral questioning phase and speed up the informal investigation process.
As a result, it seems that he is just a clown and is not worth mentioning. Even if his boss is defeated, he still has power. Just verbal inquiries and the informal investigation team's entry into the company can delay the process for half a year.
Xie Jingxing's organization is constantly using all its capital operation methods to come up with fancy tricks. Boss Jia just wants to break through ten sessions at a time. If he wants to short LeTV, he should first go to the gym to exercise his waist and core strength!
Zhao Kai was sarcastic, and after a little relief from his panic, he looked back at the closed office door and let out a long sigh of relief.
During the investigation, LeTV's stock can be suspended indefinitely to lock up trading liquidity. Even if the whole market knows that the short-selling report is authentic, so what? Who can force their way into the company to collect evidence?
It doesn't matter if retail investors are messing around and arranging sell orders at the lower limit. As long as the company's cash flow is maintained, those institutional investors, shareholders, and creditors have to stay calm and don't want to get stabbed!
So now that Zhao Kai is under a lot less pressure as the secretary of the board of directors, the most critical issue is financial cash flow. He needs to find the money to block the hole by holding on to risks such as equity pledges and supplier accounts before the huge debt gap of 30 to 40 billion collapses.
Who can predict the outcome of what will happen in the next two or three years?
Boss, you must resist.
Zhao Kai's blood surged all over his body and could not be calmed down for a long time, roaring in his heart - Thirty years of fame and fame, eight thousand miles of clouds and moons.
…………
"That's outrageous. You can't even send a letter of inquiry?"
Late at night, in the office of Grapefruit Capital, Tang Man, who had just heard the latest news, turned red in the face. He was so angry that his blood was stuck in his chest and he couldn't spit it out. He slammed the table in anger.
Su He nestled in the soft sofa and comforted her calmly: "With a normal heart, if you are in the first year of junior high school, others can be in the fifteenth year."
"Can this be the same?" Tang Man blurted out his refutation.
The tone was slightly higher, and Su He instinctively replied: "What's different? Your handsome man has eight-pack abs, a mermaid shape, a stronger waist, and a great body?"
"..."
Tang Man was speechless for a moment, and then his eyes were full of suspicion, and he looked at Su He carefully without any concealment.
Never mind what problems LeTV has. Taihe Xiyou has no evidence to fabricate and accuse the founder of a multi-billion-dollar enterprise of serious illegal crimes. If it were another organization, it would have been punished by supervision. Wherever there is an 'anonymous distribution', it can be deceived. The truth of passing the test.
It's like two people bumping into each other while walking down the aisle, falling to the ground at the same time and playing rogue tricks. Who has the right to say that neither of them is ashamed?
"Forget it, you first need to figure out Xingye's side and have a meeting with Meizu. I have an appointment with Juntai."
Su He knew that his mistake had changed the topic, and Tang Man was too lazy to discuss what to explain, so he sent her out of the country neatly.
Taihe Grapefruit's short-selling report has gained the upper hand in public opinion, and the pressure required by regulators to only issue verbal inquiries is obvious. How can LeTV be able to do such a head-on confrontation?
There is only one explanation that makes sense. Jia Yueting has entered a last-ditch desperate state.
The so-called frontal confrontation may actually be delaying time. After the funeral, I wiped my butt that needed to be wiped, then disembowelled me and committed suicide to give an explanation to the world.
"No matter how carefully your young commander trains you, it will all be in vain. You will never change your short-sightedness in this life."
Tang Man closed the office door and complained, twisted his waist and turned back to his desk to sit down. Meizu's online board meeting was just getting ready.
"Mr. Bai, Mr. Li, and Mr. Xie are on a business trip in the United States. Due to the time difference, it's early morning there." She explained first.
Bai Yongxiang smiled: "Mr. Huang is also busy, and the bosses are not attending the meeting. Let's all work hard."
"Can Mr. Li please tell me first?" Tang Man had limited time and got straight to the point.
"Okay, since it's related to the e-commerce Double Eleven promotion, I'll start with the marketing arrangements."
Li Nan’s starting point is to spend money chasing stars at public expense: “This year’s Meizu brand launch conference is scheduled for two weeks later, on October 21st. Our plan is to be simple. Don’t make the conference a concert. We will invite 50 guests to sing. Just dance and have fun.”
Deng Ziqi and SHN48 are both veteran actors, and they were at the concert last year.
The former has a good public image and a good business level, which plays a role of supporting the scene; the latter is in line with the young student audience of Meilan's low-end product line. Siba Media has not been developing well in the past two years and was on the verge of bankruptcy. Miao Nan heard that his young commander had led the seed round through Taihe when he returned to China. He immediately rushed in and invested millions without thinking, and his eyes flashed green. Urgent need.
As Tang Man listened to Li Nan introduce his masterpiece in a blaring manner, his mind wandered and he thought: My young marshal not only has a good waist and kidneys, but he is also spending time with women in the United States at this moment. How can Jia Yueting compare?
Printing a LeTV logo on a copycat smartphone, using the self-invented term "ecological anti-revolutionary" and treating yourself as a hard-tech entrepreneur is like a toad jumping off a cliff and pretending to be Batman.
Including mobile phones, automobiles, sports, and Internet finance, these seven broken ecosystems that usually put him on the altar will now become the talisman that consumes the last drop of his cash flow.
"Now we are voting on the budget proposal for additional marketing subsidies for the Meilan sub-brand and the development of sales channels. I declare that it was unanimously approved. Thank you to all directors for attending the meeting."
President Bai Yongxiang made the final conclusion: "At the beginning of the establishment of the Meilan sub-brand, General Manager Xie said that Meilan will continue to lose money. In the low-end price market, we have and only one competitor, Xiaomi."
< br>
"LeTV suddenly came in and shipped 7 million units with a subsidy standard of losing 200 yuan per mobile phone. This was unexpected for us. Next, Meizu's new model is released, and we must regain the market share. I'm done, Tang Are you always making supplements? "He is meticulous in his work.
Tang Man took advantage of it and pursed his red lips with a smile: "It is better to give Jia Yueting a lesson in corporate cash flow management. On behalf of all shareholders, I am waiting for everyone to report the good news from the front line."
The video hung up, she stretched lazily, got up, put on her coat, carried her bag and walked out of the office.
I made an appointment with the fund manager under the Industrial Bank that supports LeTV shares. His stock price hit the limit at the opening today. It was the ultra-high margin provided by Grapefruit Capital for the put options.
Basically, when the options are exercised in the future, Grapefruit Capital will take over their holdings. They will suffer losses, but they can sell them without ruining them.
Maybe the fund manager himself wanted to treat it as a bad debt compared to the loss; but their old president was looking at him with a burning gaze, what a joke, he will join Jichun Bank next year!
Tang Man has a bright smile and a good figure. She teaches Jia Yueting another lesson - public relations resources for the financial industry.
…………
"Su He, you are so cruel. You have not been back to your parents' home even once since you were kidnapped by Mr. Xie for three years. Do you deserve a drink as a penalty?"
It was deep in the middle of the night, and the heat in the hot pot box in the bungalow just dispelled the cold. The boss of the self-operated department of Juntai Securities was extremely enthusiastic.
Su He held the broken hair around her ears: "You have to tell Mr. Xie about this. I was abducted."
"You will be fined two drinks for being nice and good. Ask the lady present, do you need to be abducted by Mr. Xie? With one look, you will immediately leave your home and business and elope with Mr. Xie, right?"
The boss was half teasing and half offensive, while the other two women present responded in unison.
Su He was very interested in getting the answer right, but had other things on his mind.
Last year, when Mr. Xie went to the capital to accompany Queen Zhou, he met a character who was a financial loser and had a little unpleasant experience.
The other party gave the name of Vice President Chen of Juntai Securities, who was familiar with Taihe. Song Anli called her specifically to inquire about the situation. Then after the stock market crash this summer, Vice President Chen was transferred and left because he was involved in illegal securities firm outsourcing sales business. .
The enthusiasm of today’s self-operated department boss comes from this. In the past two years, Xiyou and Taiheke have terminated many cooperation with Juntai.
"Dr. Hu, we have an old relationship. If I have a good project, I will definitely think of you first." After several rounds of drinks, Su He had enough time to start a conversation.
"Pour some wine for Mr. Su!"
The boss waved his hand cheerfully: "LeTV was shot directly at the limit at the opening of today's market. Oh, this poor thing has no eyesight. You came out to save us in a critical moment."
The handsome young man with a muscular back and waist full of masculinity looked like a Bodhisattva, sitting down and holding a bottle of black bear essence. His thick and powerful biceps made the white shirt bulge, and he was holding a wine dispenser and pouring wine.
The other two accompanying ladies, one old and one young, don't know what they look like. Their rustic makeup is in stark contrast to the handsome young man.
It can be said that the boss is very attentive. If Su He enjoyed it before, now, she just thinks that it is all nonsense that this guy talks better than he sings.
“If this decline continues, LeTV’s institutional shareholders may have to lower LeTV’s valuation again.”
She said frankly that Tang Man should have met with the manager of the fund under Industrial Bank by now, and he would lower LeTV's valuation to the 20 yuan range tomorrow.
Based on today's lower limit price, there is room for two lower limit orders.
The boss's ears and eyes suddenly became clear. He pondered for a moment and met Su He's unruffled gaze. He swallowed the reserved words back to his stomach: "How many do you want?"
"It's about how many you have." Su He suddenly smiled.
The total equity pledge ratio of LeTV is as high as 32.8%, of which Jia Yueting and his sister account for 84%, pledging almost all their shares.
These equity pledges were divided into dozens of transactions, some of which were directly traded with banks, and some of which were paid for by securities firms’ self-operated businesses.
The latter eats the difference between the two sides. While earning LeTV's interest, it splits the equity pledge into small shares and sells them on the market, selling the "beneficiary rights" of the pledged loan interest.
There is no specific data, and Su He does not know the total amount of "beneficial rights" of LeTV equity pledges that can be circulated on the market, but Juntai holds about 7%, which is enough.
Of course, the more the merrier.
If the stock is suspended and the market value is locked and cannot fall, it will not touch the equity pledge leveling line. It is best for LeTV's local executives to think this way.
When Industrial Bank's funds joined Central Huijin, the major shareholders of the two institutions lowered their valuations and used the valuations to penetrate the equity pledge line, and the "beneficiary rights" belonging to derivatives collapsed first.
According to ordinary logic, LeTV's operating conditions are not good, and it will be difficult to repay the equity pledge when it expires, which will trigger punitive ultra-high interest.
The interest rate is so high that it can be described as calculated on a daily basis. The major shareholders of the listed company are trying their best to pay back the money one day early, and the pledger is trying every means to delay it for one day.
The reason why the boss of Juntai's self-operated business didn't speak human words at first was because of this idea. So when Su He told him clearly that LeTV's valuation would be lowered and directly hit the equity pledge line, the situation changed again.
Delayed repayment and being a deadbeat are two different things. No matter how high the interest is, you have to get it before it counts.
"Just come here tonight and help me collect some from the market. The goods will be available at any time for delivery."
Su He picked up the bottle of Coke, opened it, took a sip, and patted the black bear spirit on the shoulder: "Young man's physical training is really good."
"Thank you, Mr. Su." The black bear spirit lowered his eyebrows and glanced at the glass of wine he poured.
Su He smiled and said goodbye. During the stock suspension period, there was no way to break into LeTV to get evidence. Amateur players had too simple understanding of the meaning of "capital market barbarians".
Wearing slender high heels, she walked straight out of the restaurant. She raised her rosy face, looked at the bright star in the night sky that could guide her direction, and breathed out the breath of alcohol softly.
It was difficult to teach Jia Yueting how to kick open the door. (End of chapter)