Hardy Empire 1945
Chapter 74: : Ups and downs and downs and downs...
That evening.
David took a beautiful woman to a celebrity friend party. When he was seen by reporters waiting at the door, the reporters immediately surrounded him.
Acting stars are stars.
Economic stars are also stars.
Walsh Minerals is now very popular in the stock market, and an interview with David Walsh is absolutely valuable.
"Mr. Walsh, we are reporters from the San Francisco Entertainment News. Can I ask you a few questions?" The reporter blocked in front of Walsh and asked.
"Hmm, ask." David Wash responded smartly.
"Mr. David, how big are the mineral veins you have discovered, and what are the reserves?"
David said to his heart, how does Lao Tzu know how old it is, but he didn't show any confusion, and said with a smile: "It's quite big, but the survey has not been completed yet, so there is no way to tell the specific data."
"Then Mr. Walsh, have the ore dug out been tested and what is the content?" If it is a super-taste ore, the value of the copper ore will be higher.
"Oh, we haven't sent it for inspection. I plan to investigate the veins clearly and send the ore from various places for inspection together, so that we can get the most comprehensive data, right." David Wash said.
The reporter also wanted to ask a question, but David Wash interrupted.
"Sorry, I'm going to a friend's party, so let's stop here." He was afraid that the reporter would show his timidity if he asked any more questions, so he hurriedly stalled.
The newspaper published an interview with David Walsh the next day.
The chairman of Walsh Mining confirmed that the mineral vein has been found, which once again boosted the stock price of Walsh Mining, and the already basically stable stock price showed a strong upward posture.
After rising to about $1.6, there were many selling orders, and Walsh Mining's stock price began to slowly fall again.
When the last transaction was completed, Hardy smiled.
Thank you David Walsh for accepting the interview, so that he can successfully sell the last order.
One week.
Hardy finally emptied all the stock.
In the early stage, the lowest was only 0.12 yuan. In the later stage, in order to increase the stock price, I bought some high-priced stocks, and the overall average was 0.2 US dollars.
The average selling price is US$1.5.
He calculated it and excluding all expenses, he made a total of 3.75 million US dollars.
Good guys!
It's the rhythm of getting rich overnight.
Hardy was so happy in his heart.
In fact, he can transfer more, such as looking for institutions to increase leverage and doing multiwash mining. Hardy thought about it at the time, but later gave up this idea.
Borrowing money from financial institutions leaves too much trace.
A monster stock like Walsh Mining, which has risen and fallen sharply, will definitely be targeted by the Securities Regulatory Commission. If he initiates a big leverage to harvest wildly, it will be no different from telling others that this thing is his own ghost.
Do not confess.
Therefore, he adopted a more secure method, scattered retail purchases, and the amount of each household is not large, so that it is not easy to attract attention.
It doesn't matter if you check him.
All his accounts are opened under the names of the security companies, and he can definitely be found.
As for why I bought that stock.
Can I be lucky?
Now he has sold all the shares, and he is officially Ann.
Next,
Just waiting to continue watching the show.
On this day, a less well-known tabloid newspaper in Los Angeles suddenly published an article, "Wash Mining may be fraudulent."
The author of this article pointed out that when he was eating and chatting with a friend who knew about ore, his friend said that the ore that David Walsh was holding in the newspaper was not copper ore at all, but a piece of pyrite. .
The reporter was surprised at the time and expressed some disbelief.
Later, through his friends, he contacted the two reporters who interviewed David Walsh and saw the original color photos from them. The photos were clearer. He showed them to friends who knew about ore. After seeing them, they said it was definitely pyrite. , Not some copper mine.
And there were a lot of photos taken at that time. Almost all the ores on the ground mentioned by David Walsh were not copper ore, some were iron ore, and some were even stones, which had no value.
In order to find out the facts, the reporter secretly went to the prospecting camp of Walsh Mining in New Mexico. David Walsh was not in the camp and had returned to San Francisco. The reporter asked the prospecting supervisor, who said that they had not found any large mineral veins.
No copper mines,
Even if it is iron ore, there are some scattered veins.
There is no mining value at all.
They have been here for half a year and haven't found any valuable large-scale mineral veins. They still haven't found any valuable mineral veins before David Wash left.
The reporter went to San Francisco and planned to interview David Walsh in person, but found that after returning to San Francisco, David Walsh borrowed 300,000 US dollars from the bank with some stocks as collateral, and then went in and out of the casino, having parties every day, surrounded by beautiful women.
And just a few days ago, in an interview with an entertainment newspaper, David Walsh also stated that they had discovered large-scale mineral veins, and they are still further investigating the specific reserves.
Asked when he was sent to the testing center for testing, David Walsh said that he would send it to the testing center after all the surveys are over to get the most comprehensive data.
This reporter said,
As the owner of a mining company, it is impossible to tell the difference between copper and pyrite. All evidence now shows that David Wash is very likely to be lying.
The reason he lied was to raise the stock price of Walsh Mining.
Just half a month ago, Walsh Mining’s stock price fell to US$0.12 due to a report in the Los Angeles Financial News. After David Walsh revealed that he had found mineral veins and even associated gold mines, Walsh Mining’s The stock price has soared, and it has now reached 1.56 yuan, a full 13-fold increase.
This kind of behavior is a crime of Chiguoguo, and I hope that the Securities Regulatory Commission will investigate it so as not to cause irreparable losses to investors.
As soon as this report came out, it was like a bomb exploded in the stock market.
People were shocked.
is this real?
But looking at this report, it was very detailed. The reporter personally went to the mine to investigate. Even the prospecting director of Wash Mining stated that no large-scale mineral veins were found.
Is all this a lie made up by David Wash?
Shareholders who bought Walsh Mining became horrified, and many people began to sell, and Walsh Mining's stock price began to decline sharply.
In a day,
Walsh Mining’s stock price dropped from US$1.56 per share to US$1.25, and its market value has shrunk by one-fifth.
It stabilized a little the next day.
The Securities and Exchange Supervision Commission issued an announcement to officially launch an investigation into Wash Mining, and sent people to verify the true situation of Wash Mining.
On the same day, someone saw David Walsh being taken away for investigation.
Boom~!
The mine officially detonated.
Walsh Mining’s stock price began to fall in a frantic manner.
1.14.
1.05.
0.98.
Officially broke through the 1 yuan mark.
But this is not over yet.
The decline continues.
0.81.
0.74.
0.62.
By the end of the day, Walsh Mining’s stock price had fallen to $0.43.
......
The Investigation Section of the Financial Industry Regulatory Authority.
David sat in a chair with a very worried expression.
The investigator placed the information in front of him, looking at David Wash with an icy face, "Did your mining company find any large veins?"
"No~no, but I never said I found it." David Wash quibbled.
"What did you say during the reporter's interview?"
"When the reporter interviewed, I only said that it is possible to find large-scale mineral veins, and there may be associated gold mines. I did not say that it was really found. It was an error in the financial report."
The investigator sneered coldly.
"Is that right?"
"You said that the Financial News reported an error, but after the report, you have a full week, why you didn't come out to clarify."
"We investigated your itinerary, and you returned to San Francisco the next day and appeared on the San Francisco Stock Exchange. Because of that report, the stock price of Wash Mining rose sharply. Why did you not come out to explain."
"Then you and Pacific Capital Bank used part of the stock to apply for a mortgage. Why didn't you explain at this time."
"When you were interviewed by a reporter from the San Francisco Entertainment News, you not only did not explain, you even said that large-scale mineral veins were discovered, and further investigations were being carried out, waiting for the completion of the investigation and sending for inspection.
David Wash was speechless when asked,
There was cold sweat on his face.
He wanted to explain that it was true that the Financial News reported a mistake at first, but how to explain his behavior later.
Obviously I am happy to see it happen.
It even added fuel to the flames to raise the stock price.
How could the investigator believe that he fished in troubled waters?
The investigator took the information in front of David Walsh and took out the photos inside. "Look, these are all photos taken in your mining camp. We have found a mining expert to appraise it, and there is no piece of qualified copper. Mine, only some poor iron ore, and a pile of rubbish."
"But you regard these as publicity of large-scale mineral veins, pulling the stock price of Gaowash Mining, your behavior has constituted manipulation of stock prices with false information, and you will face more than ten years of imprisonment."
David Walsh collapsed in no time.
"I, I, I, UU reading www.uukanshu.com, I really am not, I really didn't want to deceive people at the beginning, those are all misunderstandings."
"Uuuuuu~~"
The investigator sneered.
He has seen too many sophistry guys, many of them are financial tycoons who have been smashing the wind, and whoever comes in here will say that they have been wronged.
"These words, you can keep them to the judge."
......
Soon.
The China Securities Regulatory Commission announced.
Walsh Mining does have fraudulent behavior. The previous report that it found large-scale mineral veins is a lie. Chairman David Walsh used false information to manipulate stock prices and will face charges.
Then the Securities Regulatory Commission issued a warning,
Walsh Mining previously borrowed US$200,000 from the bank to purchase land in New Mexico. Later, David Walsh used a share loan of US$300,000 for personal consumption. In addition, Walsh Mining has suffered losses in recent years, and there may be insolvency. , Investors are invited to invest cautiously.
Boom~!
Walsh Mining's stock price has exploded again.
In the past two days, Walsh Mining’s stock price has fallen to $0.21, and some people are still expecting a favorable survey result.
But as soon as the CSRC's announcement came out, Walsh Mining was sentenced to death.
Walsh Mining’s stock price fell wildly.
It fell directly below $0.1, leaving only $0.03 per share.
Investors are wailing.
The shareholders of Walsh Mining are even crying.
Originally seeing the stock price skyrocketing, their net worth also rose with the tide. I didn't expect that in just one month, it was like riding a roller coaster.
Ups and downs and downs and downs and downs...
......
In this falling farce, Hardy made another small profit. Before the unknown newspaper broke the news, he used some scattered accounts to find two new brokers and shorted Wash Mining.
But not much play.
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