Chapter 277: Running out of ammunition and food, taking a risk!
Chapter 277: Running out of ammunition and food, taking a risk! (Subscribe)
As more and more short orders pile up,
The upward momentum of Xingwang Group's stock price was abruptly curbed, the K-line chart began to fluctuate violently, the upward curve gradually became flat, and then showed a downward trend.
Qin Han followed the changes in the situation closely. He was well aware of the complexity and cruelty of this game.
Every investment of funds is like a sharp arrow that must hit the target!
On the one hand, he directed Song Yuanyuan and Chen Xi to adjust the flow of funds and accurately attack the key support level of Xingwang Group's stock price; on the other hand, he asked Lu Yuan to maintain close communication with those short-selling institutions, coordinate the pace of action of all parties, and ensure that the entire short-selling plan was like a precision-operated machine, pressing forward step by step and leaving Xingwang Group no chance to breathe.
Tang Tang stood aside, eyes wide open, watching all this with both nervousness and excitement.
She was deeply shocked by this tense and exciting business battlefield, and her admiration for Qin Han became deeper and deeper. At the same time, she was secretly worried about him. Her hands unconsciously clenched the corners of her clothes, and she didn't dare to move her eyes away from the screen for a moment...
Under the continuous attacks from Qin Han and a group of "short-selling vultures", the decline of Xingwang Group's stock price has become increasingly obvious.
In just half an hour, the stock price had turned from a small increase at the opening to a sharp decline, with the drop once exceeding 10%. A large number of investors were shrouded in panic and sold their stocks one after another. It was like an avalanche that was difficult to stop once it started.
Qin Han looked at the numbers on the screen that kept falling, and a cold light flashed in his eyes. "Start selling. Don't give them any chance to rebound. Push the stock price down further."
Song Yuanyuan and Chen Xi responded quickly, their fingers flying on the keyboard faster.
……
the other side,
Zhou Xingwang was in the trading room of the group's headquarters. His eyes widened, his face flushed, beads of sweat rolled down his forehead. He shouted at his men at the top of his lungs, "Raise the stock price at all costs! Invest all the funds you can, contact our partner institutions, and ask them to help raise the price!"
His voice became hoarse due to anxiety and anger, his hands were clenched into fists, and his body was shaking slightly.
The public relations team of Xingwang Group was also busy, continuing to release a series of positive news in an attempt to stabilize investors' confidence and give the stock price a boost from the public opinion level.
Press releases and social media announcements flooded in, boasting about the company’s new projects and technologies, painting a picture of a bright future.
But this approach has long been ineffective. Now the Internet is full of negative news about Xingwang Group, including financial fraud, chaotic internal management, and suspected money-for-power transactions involving officials. Investors' trust in Xingwang Group has been declining and their confidence has greatly decreased. Most of them are taking a wait-and-see attitude and rarely increase their positions.
The main force driving up the stock price is still Xingwang Group!
The 3 billion yuan of funds that Zhou Xingwang had raised with great effort were squandered and consumed in just four hours.
However, facing the aggressive short-selling forces, it still seems somewhat powerless.
The stock price of Xingwang Group only rose slightly, and then fell again...
……
Zhou Xingwang stared at the screen intently, his eyes were bloodshot, beads of sweat the size of beans rolled down his forehead and hit the table with a slight sound.
His hands were clenched into fists, his knuckles turning white, and his body was shaking slightly with anger and despair.
Looking at the red line that kept going down, his eyes changed from the initial eagerness and unwillingness to gradually becoming empty and lifeless, as if all his energy had been drained away. He was on the verge of collapse and could only hold on to the table with his hands to barely stand.
His lips trembled, and he let out a few hoarse roars from his throat: "How could this happen... How could this happen..."
The voice sounded desperate and weak, completely lacking the high spirits he usually had in the business world.
The traders looked at each other, their eyes full of fear and helplessness, their hands frozen on the keyboard, not knowing what to do.
At this moment, every jumping number was like a heavy hammer, hitting their hearts hard, announcing the huge crisis facing the group.
Although they tried their best to follow Zhou Xingwang's instructions, faced with the surging wave of short selling in the market, their little strength was like a mantis trying to stop a chariot and was swallowed up in an instant.
The public relations team is still frantically pumping out positive news, with press releases and social media releases flooding in, boasting about the company's new projects and technologies and painting a blueprint with infinitely bright prospects.
however,
Under the continuous impact of heavy negative news such as financial fraud and internal management chaos, these favorable copywritings seem ridiculous, like the emperor's new clothes, which are seen through by everyone at a glance.
All he got in return was overwhelming ridicule and questioning from netizens, with the comment section filled with pessimistic voices.
"I've long seen that there's something fishy going on with Xingwang Group. Anyone with a little financial knowledge can tell that something is wrong with the data in the previous financial report. The R&D input-output ratio is seriously unbalanced, and the sales costs are inflated. Isn't this obviously financial fraud? Now, the retribution has come. We, the small shareholders, have suffered so much."
"That's right. I foolishly bought their stock before, thinking that the pharmaceutical industry has a bright future and I could make some money. But what happened? The internal management is in shambles. I heard that the top management is fighting for power, R&D projects are stagnant, and product quality problems are frequent. This is not a serious business at all! Someone should investigate them and give shareholders an explanation."
"Today, medical technology is changing with each passing day. Our peers are working hard to develop innovative drugs and expand the market. But what about Xingwang Group? They are just holding on to those few outdated products and trying to fool shareholders by boasting about new projects. How many of those so-called new technologies have been put into practice? They are simply castles in the air. Without core competitiveness, it would be strange if the stock price did not fall."
"Do you remember the official case a while ago? It is said that Xingwang Group played a dirty role in it, hunting down officials and engaging in money-for-power transactions, just to get projects and take shortcuts. It is unjust that such a company should not fail! Now the stock price has fallen like this, it is purely their own fault."
"I put part of my retirement savings into this company. I was hoping to earn some living expenses from the Xingwang Group stocks, but now it's all gone. The company's top management must give an explanation. They can't just walk away and let us small shareholders bear the losses."
There are many, many similar remarks, too numerous to count.
The entire comment section was filled with anger, disappointment and distrust of Xingwang Group.
These voices came together like a surging tide, completely drowning the reputation of Xingwang Group and making its situation in the capital market increasingly difficult.
"Chairman, we...we really have no other choice. Negative public opinion has completely gotten out of control, and shareholders simply don't buy it!" The public relations manager had a sad face and a sobbing voice as he reported to Zhou Xingwang carefully.
Zhou Xingwang turned a deaf ear to it. It seemed that the only thing left in his world at this moment was the falling stock price, which was the concrete embodiment of the crumbling business empire he had built with half his life's hard work.
Every time the stock price dropped, it was like a knife cutting into his heart, causing him pain deep in his bones.
The company's top executives were in a mess. Some began to secretly contact headhunters to find a way out for themselves. They made calls quietly and glanced around from time to time, fearing that they would be discovered.
Some people are still struggling in vain, calling around and begging for help in an attempt to find new funds.
But in these times of panic, who would be willing to jump into this bottomless pit?
The financial director walked in again, trembling, holding a document in his hand, his face as pale as paper: "Chairman, several partners have just sent us a notice to terminate their cooperation with us. They are worried about being implicated... This, this is a huge blow to our supply chain. All future production will be in trouble."
When Zhou Xingwang heard this, his eyes went dark and he almost fainted.
He knew this was the straw that broke the camel's back.
Without partners, products cannot be produced normally. How can the company make a profit? How can it explain to shareholders? How can it save this disastrous situation?
……Niuniu Capital,
In Qin Han's trading room, the atmosphere became increasingly cold and focused.
As Xingwang Group's share price continued to fall, their advantage became increasingly obvious.
The data on the screen was as they wished. The K-line continued to fall, always in the red, and steadily moved towards victory.
"Increase the efforts and do a good job of finishing the work." Qin Han's low and firm voice sounded.
Song Yuanyuan and Chen Xi responded quickly, their fingers jumping on the keyboard and continuing to sell. One of them increased his position while the other cleared his position. They cooperated tacitly and played a song of victory.
Their eyes are fixed on the screen, not missing any slight changes, accurately controlling the flow of funds, and continuously putting pressure on the share price of Xingwang Group.
Outside the window, the night is as dark as ink. The neon lights of the city are still flickering, but they cannot illuminate the dark abyss that Xingwang Group is now trapped in.
As the closing bell rang,
The stock price of Xingwang Group fell directly from 8.5 million yuan at the opening to 5 million yuan.
The decline reached 41.18%!!!
This is the cruelty of the financial market. It can make you soar to the top and become as rich as a country, or it can make you fall into the dust and go bankrupt overnight.
Zhou Xingwang slumped in a chair in the trading room, staring at the ceiling with empty eyes...
for a long time,
He suddenly came to his senses, a fire of determination burning in his eyes.
He knew very well that if he did not want the group to collapse completely, he had to act immediately.
"Go, sort out the information of all the real estate under my name, and sell all those that can be sold. Do it quickly!" He shouted to his assistant, his voice hoarse but revealing unquestionable majesty.
The assistant nodded repeatedly and retreated in a hurry.
Zhou Zijian was equally anxious. Looking at his father's haggard face, he felt distressed but also full of resentment.
"Dad, I'll also think of a way. I won't keep any of my luxury cars and calligraphy and paintings that can be converted into cash."
After saying this, he turned around and strode away, his back revealing a sense of tragedy.
Zhou Xingwang looked at another senior executive of the investment department and instructed, "Continue to sell the group's assets. Contact those who complained about the high prices the day before yesterday and tell them that the price can be discussed again."
"Yes!"
After everyone left,
Zhou Xingwang sat there for a long while, not knowing how much time had passed. He suddenly picked up his phone and found a person named "Shen" in the address book, and called...
After ringing for dozens of seconds, the call was connected just when it was about to be automatically hung up.
"Hey!"
The voice on the phone was very low and serious, and the aura was overwhelming even through the phone.
Zhou Xingwang took a deep breath, trying to make his voice sound steady, and forced a seemingly sincere smile on his face. Although the other party couldn't see it, his tone was just right: "Shen... Leader Shen, I haven't contacted you for a long time. How have you been? I'm Xingwang, Zhou Xingwang from Xingwang Group."
While talking,
His hands were shaking slightly, and he unconsciously tightened his grip on the phone, his knuckles turning white, revealing his inner nervousness.
There was a moment of silence on the other end of the phone, followed by a slightly impatient response: "Oh, it's you. What's the hurry so early in the morning?"
The tone seemed as if he had anticipated Zhou Xingwang's call, and there was a sense of superiority and distance in his voice.
Zhou Xingwang gritted his teeth and said, "Leader, you are very busy and I shouldn't bother you, but I am really at my wits' end right now..."
"You also know that Xingwang Group went public a few days ago. This was originally a great thing, but it attracted a bunch of vultures to maliciously short sell. The stock price has continued to plummet in the past few days, and the capital chain is about to be broken. Now Xingwang Group is in a quagmire. You have taken care of me a lot before. It is reasonable for you to lend a hand this time!"
He spoke slowly, with a deliberately sincere tone of pleading, but his eyes flashed with an imperceptible shrewdness.
"Hmph, Zhou Xingwang, the business world is like a battlefield, where the fittest survive. This is the risk you businessmen should take. How can I, a public official, interfere? Don't break the rules." The other party's tone was cold, with no sign of loosening.
There was also a subtle criticism of Zhou Xingwang in his words, as if he was drawing a line between them.
Zhou Xingwang was extremely anxious, with beads of sweat appearing on his forehead. He knew very well that if this person didn't help, Xingwang Group would be in great danger.
But he is an old fox who has been in the business world for many years. How could he be easily dismissed by these few words?
His eyes rolled and his tone changed slightly, with a hint of grievance and suggestion: "Leader, what you said really hurts my heart. In all these years, when have I not carried out your instructions with all my heart and soul, and been considerate and thoughtful?"
"Those big...projects...that others can't even ask for..."
"When have I not worked tirelessly to coordinate all parties just to satisfy you? Tell me honestly, have I, Zhou Xingwang, ever made any mistakes?"
Speaking of which,
He deliberately paused for a moment to give the other person time to recall.
Then he changed the subject, lowering his voice but speaking with every word as sharp as a knife: "Besides, I still have some... small things in my hand. Although they are all things of the past, if they are really dug out, at this critical moment, there is no guarantee that they will stir up some big waves, which will not be good for you at that time, right?"
"I'm really at my wit's end, so I dare to say this to you. Please bear with me... I'm not threatening you, my leader..."
"I wouldn't dare to do that even if I had the guts of a bear or a leopard!"
There was a silence on the other end of the conversation.
……
(End of this chapter)