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Chapter 616 Time Competition
Risks are directly proportional to returns. If the estimate is wrong, Lei Hao knows how much he will lose. But if everything goes well, the benefits he will get will exceed the maximum possible loss, so this investment is still worth making.
At Ant Energy Group, what Lei Hao didn't know was that the price Anderson paid was beyond his imagination.
"Anderson, even if you succeed this time, you must resign as chairman." As a director of Ant Energy Group, those present knew how offending Anderson's actions were.
"I know, in fact, if I fail, it will be difficult for me to resign as chairman, isn't it?" Anderson had a cold expression on his face and glanced at the accomplices sitting in his office.
When they are able to gain profits from Ant Energy Group, these people have one face, but when things happen, they change to another face. This is human nature.
Anderson's approach was simple. The reason he used to get the SEC to intervene in LEI's short-selling of ATE was that LEI held many over-the-counter contracts, so it engaged in malicious short-selling.
Regarding ATE's short selling, Lei Hao's operation was very complicated. Judging from the nature of those over-the-counter contracts, they were both protected by U.S. law and circumvented many regulations.
For example, when short-selling ATE listed on the U.S. stock market in the international market, the funds involved in the contract do not enter the U.S. market. However, due to the participation of multinational insurance companies, several other contracts are used to link interests in the United States. The terms are basically protected by U.S. law.
If the stock price of ATE finally falls sharply, Lei Hao needs to go through some complicated procedures if he wants to get all the benefits. If the insurance company defaults on the contract, then the lawsuit may be possible.
This is why Lei Hao allocates all contracts to many insurance companies.
But are these contracts illegal? This is not the case individually. For example, if you make OTC contracts for U.S. stocks in China, can the United States control you?
If you hedge on the periphery and enter the market to sell short, and the bilateral ratio is exaggerated, then the problem will arise.
No one can control either of these two things individually, but together they will cause problems. Whether stock prices are manipulated becomes an important basis for determining whether there is a violation, and in this determination, subjective factors play a decisive role.
As long as Anderson lets the SEC determine that LEI's short selling of ATE is illegal, then at least the recent ATE stock price will stabilize and rise, and neither he nor LEI nor the insurance company can cancel the over-the-counter sell-off alone. Agreement, he can just sell the contract when the time comes.
ATE's approach must have offended Lei Hao first, and the insurance company secondly. It also challenged the rules of the game of Wall Street predators. It can be said that it is a seven-injury fist that hurts itself before it hurts the enemy.
If it succeeds, Anderson must resign and give an explanation. If it fails, Anderson doesn't care whether he resigns or not. A large number of people will suffer.
There is no way to retreat, so there is no fear. It is commonly known as a dog that will jump over the wall when it is anxious.
Of course, Anderson was very impassioned towards the people of the SEC, showing a posture of not bowing to the evil forces of Wall Street, and then...conveying benefits to promote the proposal.
Lei Hao still doesn't know what's going on here. He feels strange about the current process. Is Ante Energy Group just out of his mind and dares to actively collude with the SEC to push forward the proposal? There’s no way they don’t know the specific identity of the short seller.
Nearly three weeks have passed, and although things are progressing very quickly, ATE will be damned if they can't get the status of a short seller in half a month.
"Lei, there is good news and bad news. Which one do you want to hear?" At six o'clock in the evening, just after the SEC meeting ended, Lei Hao received a call from Bernard.
"The good news is that the proposal to investigate ATE was passed. What's the bad news?" Lei Hao asked calmly.
"The bad news is that you are also being targeted. Haha, Lei, my dear friend, we didn't expect ATE to be so bad. To use your Chinese words, they will kill you to support you." Bernard It feels quite awkward to explain Chinese in English.
Lei Hao had no intention of making fun of Bernard's lame explanation, but showed a solemn expression.
Sure enough, how could anyone who dared to do anything in Ant Energy Group sit still and wait for death? This group of old foxes took the initiative and made a strong counterattack in order to survive.
Before the problem with ATE is discovered, Ant Energy Group will still have a chance as long as LEI's short selling is found to be in violation.
"What's the procedure like?" Lei Hao didn't know much about the SEC's working model.
Bernard also knew about this and explained: "There is an investigation team on one side. The ones investigating you are people who are biased towards Ant Energy Group. The people investigating Ant Energy Group are biased towards us. Lei, where we met Changed to off-site.”
"Who are they?" After Lei Hao asked, he heard an unexpected answer.
The investigation team responsible for investigating LEI's malicious short selling, Lei Hao didn't know who it was after hearing the name, but Fox would handle this aspect. Forest has money and some connections, so it would definitely be okay to delay for a while. If you live there, people like Bernard will help as long as there is enough interest.
The person responsible for investigating Ant Energy Group surprised Lei Hao. He turned out to be Huang Jialiang's uncle Huang Shuhe.
"Lei, we helped you once. Since we can't use our people to investigate ATE, it should be good for you to choose the only Chinese Huang? Of course, if Forest needs help, our people will be there The SEC will help you." Bernard smiled happily on the phone.
Lei Hao also smiled bitterly. It is not free to ask for help. If a person like Bernard helps you hold back the SEC, then do you want to give him a little bit of help? Not only must it be divided, but it must be divided when the situation becomes clear. This is a large sum of money.
As for Huang Shuhe being responsible for investigating ATE, it can only be said to be a coincidence. ATE did not want Bernard's connections to be responsible for investigating itself, as that would cause trouble for nothing, not to mention that they themselves were not clean at all, but the investigation and execution departments There were only a few qualified people, and they were chosen again and again. In the end, only Huang Shuhe, who volunteered, was selected.
Yes, Huang Shuhe asked to take over the investigation project at his own request. When he took over the project, Bernard and others were not only teammates, but also had disputes over interests, so he didn't get much help.
What Huang Shuhe can be sure of is that he can definitely get in touch with Lei Hao, and there will be a chance for cooperation between the two parties in the end.
"Before the investigation team 'confirms' LEI's malicious short selling, Huang Shuhe must find out the problem of ATE! In fact, we must find it out before we need the help of people like Bernard." This point came to Lei Hao's mind.
From now on, things have to be done against the clock, because every second can lead to millions of dollars in profits and losses.
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