Chapter 650: Pig Factory(2/2)
Lu Yiming said: "We are running for our lives, can we not be in a hurry?"
The most sensational thing right now is that the building was hit, and other news has been submerged in this world-shaking incident. So you have to run away as early as possible. After all, shorting the airline stocks of the United States during this sensitive period can easily trigger the investigation of the Bureau of Investigation.
It would be funny if someone detained me.
Wouldn't a gentleman stand behind a dangerous wall, take advantage of it, and not leave, but stay and wait to be dealt with?
Li Yiwen, who originally wanted to attend banquets and show off, panicked when he heard this. The two of them boarded a private plane overnight and flew back to China, not daring to stay for a moment longer.
Back at Furi University, Lu Yiming hurriedly went to find Long Qiquan to report.
Walking on campus, people everywhere were talking about this major event that shocked the world.
In just a few days, almost people all over the world knew about it, which shows how big a sensation this incident caused.
Of course, Lu Yiming would not interfere in these discussions. After all, he had already gone to other people's territory and made a huge fortune from the national crisis. It would be a bit too inhumane to continue to speak ill of others behind their backs.
Mid-September is about the hottest time of the year. The scorching heat makes people sweat profusely. The only place to cool down without turning on the air conditioner is probably the bleak and beautiful U.S. stock market.
The current stock market, especially technology stocks related to the Internet, has fallen to cabbage prices due to panic selling.
Others were afraid to avoid it, but Lu Yiming knew that this was a good time to pick up the slack.
With nothing to do during class, Lu Yiming used his computer to browse the news, and then saw that the pig factory had fallen into a salted fish stock on the Nasdaq.
As early as June 29, 2000, Pig Factory was listed on NASDAQ.
Fortunately, this decision brought the pig factory directly into the burst of the Nasdaq bubble. At that time, the Nasdaq index plunged all the way from the highest point of 5048 points in 2000 to the lowest point.
It fell directly to 1114, a drop of 78%, which is comparable to the Niagara Falls, which plummets three thousand feet.
Affected by this, the stock price of Pig Factory also dropped from 15.5 when it was listed, to a low of 0.48, a drop of 97%. Its market value also fell from 470 million US dollars when it was listed to less than 20 million US dollars, becoming a veritable salty company.
Fish stock, and the kind that is so salty that it almost stinks.
However, the reborn Lu Yiming knows very well that this situation will not last long. By 2003, the market value of the pig factory will exceed the US$7 billion mark, an increase of more than 145 times!
This money was picked up for free.
Lu Yiming quickly called Li Yiwen: "Cousin, how much movable funds do you have in your hands now?"
Li Yiwen suddenly received this call from Lu Yiming. He was startled and asked quickly: "What's wrong? Your capital chain is broken? Don't scare me. If your capital chain is broken, we will all be doomed."
Lu Yiming hurriedly said: "What are you thinking? How could my capital chain be broken? I recently found a potential stock on Nasdaq, and I asked you to spend all the money you can and plow it all. I guarantee you won't be able to sell it."
In two years, you will make a lot of money directly."
"Holy crap, what stock is so awesome?"
Li Yiwen was shocked.
In any case, Lu Yiming still has the title of "Stock God" on his head, and he just made a lot of money from the beautiful country.
Now, Lu Yiming actually said that there is a stock that can be directly traded, how could Li Yiwen not be shocked.
What kind of stock is it that allows him, Li Yiwen, to directly play?
This means that even Lu Yiming would be crazy about the future earnings of this stock!!
Lu Yiming said: "Pig Factory, I will tell you the stock code."
Li Yiwen got the stock code and quickly turned on the computer to check it.
As a result, at first glance, Li Yiwen felt that his whole body was not well.
Not only because the market value has dropped so much that it is impossible to see, but also because the relevant information has simply devalued this company into being worthless, and it has been called "the most rubbish handful among junk stocks."
Major rating agencies have also given the lowest ratings.
It can be said that it is a miracle that this stock has not been forcibly delisted from Nasdaq.
Li Yiwen is not even sure which one will come first tomorrow or the pig factory going bankrupt.
After browsing around, Li Yiwen complained to Lu Yiming on the phone: "Brother, did you say the wrong number? It was written in the news that the pig factory was suspected of accounting showoff in the second quarter, and more than half of the income was unknown.
Wherever it went, the stock price, which had been falling rapidly, doubled and continued to fall, once falling to 0.64 US dollars, with a market value of less than 20 million US dollars. Are you sure you want me to buy this stock?"
Lu Yiming said categorically: "Of course, contact their boss Ding Sanshi quickly, I want to buy their shares!"
At this time, Ding Sanshi was still in the capital, looking out the window with a melancholy look on his face.
The weather in the northern country began to get colder, and what was colder than the temperature was his heart.
In the early 1970s, Ding Sanshi was born into a family of senior intellectuals in Mingzhou, Zhejiang Province. Because his father was an electronic engineer, he was influenced by it and loved radios since he was a child.
When he was fifteen years old, Ding Sanshi assembled his first six-tube radio.
Two years later, he graduated from high school and was admitted to the University of Electronic Science and Technology of China.
He is a restless person. One year before graduating from college, he started working part-time as an engineer in a computer company, where he was exposed to new equipment such as Modem and Windows NT.
After graduating from college, Ding Sanshi returned to his hometown and worked at the Mingzhou Telecommunications Bureau.
In 1994, Ding Sanshi logged into the Internet for the first time and started to get in touch with the Internet.
Being restless by nature, he could not stand the oppression and boredom of state-owned enterprises, so he resigned and went south to Guangdong Province to pursue his career.
In May 1997, Ding Sanshi led a team of three people to set up a pig factory in an eight-square-meter rental house, holding more than 50% of the shares and becoming the real boss.
Within three years, he successfully listed his company in the United States and listed it on NASDAQ. Unfortunately, bad luck came and went. Affected by the stock market crash, the stock price of the pig factory fell below the issue price just after it went public.
It has become waste paper.
And Ding Sanshi's troubles didn't stop there. After May 1, 2001, Chen Suzhen was no longer seen by the pig factory employees. On June 12, Li Jinghui resigned, and on August 28,
He Haiwen left.
The three top executives left collectively, as if the building was about to collapse. The company's employees were all worried, and many were ready to disembark and escape at any time.
And this is not too bad. In September, Nasdaq announced that the trading of pig factory stocks was suspended on the grounds of doubtful financial reports - this was the first time that a Chinese company was suspended from trading in the U.S. stock market. The U.S. Internet bubble put the pig factory's stock at risk
The stock price collapsed, falling from fifteen dollars to sixty-four cents, not even a fraction of it.
At this time, Ding Sanshi was filled with hatred, because the person who made the false accounts was none other than Li Jinghui, who had resigned. He not only made false accounts, but also secretly transferred funds belonging to the pig factory to his old French employer, Saatchi & Saatchi.
Now, even Ding Sanshi, the founder, feels that the pig factory is hopeless.
My wife just said she had gained weight after taking a shower. I thought she was pregnant, but she got two marks on the test. Alas, my mood suddenly collapsed. The eldest son is less than two years old, and the debt-ridden family is even worse. Brothers.
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Chapter completed!