Reinventing the Millennium

As soon as the news of the informal investigation came out, Ian was confused at first.

No one knows what this means better than him!

Investigated!

But not fully investigated!

Even, according to information obtained from Washington, when asked when the investigation would be launched, the answer was "waiting for work."

The SEC has worked overtime for two days in a row because of the Yike incident. This is understandable... what the hell!

The hotel where Ian is staying is right across from Hang Lung. You can clearly see from the window that the lights on the 23rd floor are still on. It's already six o'clock in the morning and the murderer hasn't gotten off work yet. Why do you supervisors get off work!

"Ian, there have been many quarrels in SEC closed-door meetings. Now it can only be like this. There is no other way."

"But an informal investigation is also an investigation. Is he afraid?"

"Also, if this informal investigation obtains evidence, it can still be upgraded to a formal investigation. You can inform Fang Zhuo of this."

Ian looked at the opposite floor and listened to the voice of his colleague on the phone. He was silent for a long time and said tactfully: "Fang Zhuo has been hiding in fear."

"That's great! If we take advantage of his mood, we can..."

Boom, the phone was hung up directly.

Ian tried to contact Fang Zhuo as soon as he got the news. After getting no results, he learned from the representative of the small agency sleeping in the Yike lounge that the president's office was empty very early last night, and the people working now were working with and American docking staff.

The current situation is very embarrassing.

There are less than 16 hours left before the Nasdaq opens on Monday.

The SEC obviously can't count on it. Even if it is upgraded to a formal investigation afterwards, it will only be a wave of death after the market opens on Monday. What's the point?

Whether it is Yike or Bingxin, whether it is patent litigation or obstruction, this all takes time. However, it is very urgent from beginning to end, and the real effect will only appear after losing money.

Ian feels very troubled. What Fang Zhuo said yesterday morning was okay. He is the kind of person who pays more attention to practical interests and can swallow his words while talking and laughing. The most important thing is that Fang Zhuo's loss of contact is obviously a kind of manner.

Time is tight and the task is heavy. There are nearly 80 people who came to Shanghai in a swarm this time, representing large and small institutions and funds. How should I explain to everyone that the situation is like this?

When Ian thought about it, his thoughts became much clearer. Since he couldn't explain it, he wouldn't explain it.

It’s not that they didn’t work hard, the Carlyle Group really tried, but it was the SEC that was holding it back.

Ian looked at the 23rd floor opposite and sighed.

If I can't contact Fang Zhuo, there is always someone who can.

Come out, Goldman Sachs!

Ian called Phillip and asked directly: "Where is Fang Zhuo? I want to talk to him."

"How do I know where he is? I can't contact him either." Philip said annoyed.

"Don't pretend to be stupid, I have already contacted Paulson, and now is the time we need to talk." Ian said calmly.

Philip looked at Paulson who was chatting and laughing with Mr. Fang in the living room of the suite, and was very dissatisfied. How could Ian lie to others?

He said patiently: "I really can't contact him. Goldman Sachs also wants to talk to him. How did this happen? What happened? How could the SEC give an informal investigation? Nasdaq's Robert Have you arrived in Shanghai?"

What was originally a sure thing turned over, what's the trick in this?

Ian no longer considered meaningless things and said directly: "Where are you, I will come to you now."

"I'm about to go to Yike Company. Let's meet at Hang Lung 23." Phillip said solemnly.

Ian hesitated for two seconds and agreed: "Okay, see you in ten minutes."

Phillip put down his cell phone and said while the two bosses were chatting and laughing, "I'll go to the company to meet Ian."

Fang Zhuo smiled.

Paulson nodded.

Phillip took a cup of hot soy milk from the breakfast plate that was just served, politely left, and planned to take Ian for a spin.

"Mr. Fang, China's economic development is really fast. I feel this way every time I come here," Paulson said from the bottom of his heart.

On this trip, should he fly to Shanghai from Tokyo nearby, or should he discuss cooperation in person.

"Asia will be a new business growth point for Goldman Sachs, so you can come here often." Fang Zhuo said with a smile.

Paulson nodded and said seriously: "Indeed, I will become a director of the Boao Forum this year. I will come here more frequently in the future. I also plan to write a book called "Dealing with China". When it is finished, Later, I asked Mr. Fang to help me see if I wrote it correctly."

Fang Zhuo knew that Paulson was a veritable China expert. He visited China 68 times from 1992 to 2004, and he also visited China many times after taking office as finance minister.

In fact, this time when Paulson flew to Shanghai from Tokyo, he also greeted the administrative staff.

Fang Zhuo also received inquiries from the administration and was asked whether they would attend public events together, which he naturally declined.

After all, Paulson is the former finance chief who just stepped down. It may be a bit too much to say that he alarmed the officials, but he does have a different emphasis.

"Okay, no problem. I will also write a book in the future, and the title will be "The Two Breakfasts I Treated Paulson to."" Fang Zhuo said with a smile.

He had treated Paulson to a meal in Beijing before, and this was the second time they had breakfast together.

Paulson laughed and extended his hand to signal: "Please."

Fang Zhuo also smiled: "Please."

Dining, dining.

Let’s eat, let’s eat.

…

Compared with the forty-eight hours considered the prime time for negotiations, when night falls in Shanghai again, representatives of large, medium and small institutions, including Ian, can feel the coldness of the early morning fog on Nasdaq.

It’s Monday US time!

Mr. Fang has really lost contact!

From the time the SEC announced its investigation into Yike to 6 o'clock on Monday morning in New York, good news came frequently in the media.

——The ITC may speed up the final ruling on Yike, which is expected to be completed by mid-month!

——Relevant sources revealed that the SEC’s investigation into Yike will be very severe!

——The US market of Yike has been hit hard again, and the well-known telecom operator T-Mobile is considering suspending cooperation in advance!

——Breaking news, the SEC is reviewing YIKE’s violations, and Nasdaq’s YIKE stock will be suspended from trading!

——YIKE’s fraudulent behavior will cause ordinary investors to lose their money!

The media titles and content are very powerful!

When these news spread to the country, they were discussed after dinner in the evening, and it also caused great concern. Did Yike really violate the rules or even break the law by playing such a big game this time? Once trading is suspended, we don’t know what will happen.

At 8:30 in the evening in China and 7:30 in the morning in the United States on Monday, everyone saw the most severe accusations from well-known media.

The latest issue of the Wall Street Journal directly put Fang Zhuo on the cover, with only one word: Scammer!

"If Yike stock is allowed to open on the Nasdaq exchange, this will undoubtedly be a regulatory disaster, which will also hit ordinary investors hard, and may even slow down the recovery of the financial market, and this will also happen in full view of the public. An unprecedented fraudster!"

"We can't let this happen, and we can't let the interests of ordinary investors be harvested unscrupulously. We must take action!"

“The SEC must also take action!”

“Say no to scammers!”

"Fang Zhuo, no!"

The very influential Wall Street Journal angrily labeled Fang Zhuo a fraudster.

When this report was seen in China, the mainstream portals did not reprint it, but the relevant discussions on Weibo and Zhihu became very worrying. I thought that Yike's counterattack this time, but now it seems that it is not easy to get paid.

In particular, even Mr. Fang has been criticized and accused in this way. Is it true that Yike's stock cannot be opened?

Just looking at the stern public opinion in the United States and the various exaggerated investigation arguments, Yi Ke has reached the most precarious moment!

However, the crazier public opinion becomes, the more frustrated short sellers become.

As the time gets closer and closer, as Mr. Fang still cannot be contacted, some short-term executives stationed at Hang Lung 23 have become obviously agitated. Although they are calm on the surface after being subdued by security forces in time, they are getting restless in their hearts every second. .

The more they look at American public opinion, the sadder they become, and they are even worried that this situation will in turn anger Mr. Fang even more.

There is still the last hour before the Nasdaq opens, and many people are still fantasizing about the last glimmer of hope, but Ian from the Carlyle Group looks more and more wrong when looking at Goldman Sachs Philip.

"Philip, come here, I have something to discuss with you." Ian said this while winking at Henry from Bridgewater Associates.

At this time, don't blame yourself for doing it.

Ian and Philip made their way to the small office, Henry pacing slowly behind.

After a brief period of screaming, resistance, and groaning, Ian took the snatched mobile phone and found a new number from the call history that could contact Mr. Fang!

This method still works! If I had known, I would have fucked him yesterday!

"Hello, I'm Ian, I want to talk to you." Ian said in a deep voice after dialing the phone, "The Carlyle Group wants to have a sincere talk with you."

"Huh?" Fang Zhuo was a little surprised to hear Director Carlyle's voice, and replied after a few seconds, "It's better to wait until the market opens to discuss it."

Beep beep, the phone becomes a blind tone, and if you call it again, it will turn off.

The conference room door behind him was opened, and Philip was holding on to the wall, his forehead bleeding again.

He was helpless and a little familiar, so he met Ian's eyes and made a request: "Call a doctor for me."

Ian frowned and waved his hand, signaling Henry to call someone.

In front of him, Philip of Goldman Sachs had half his face covered in blood. Wails of unbearable pressure could be heard in the lounge not far away, and a carnival was about to begin on the other side of the ocean.

Ian sighed deeply: "You Goldman Sachs are really hopeless."

Phillip wiped a handful of blood with his hand and sighed: "Who doesn't have difficulty these days?"

…

Before Yike's stock opened, the last call Fang Zhuo received came from the United States.

He heard Lu Peining's passionate voice.

"Mr. Fang, there won't be any problems today, and there won't be any movement in the SEC's informal investigation. Many of us think this is just a lot of trouble caused by hedge funds and some institutions."

Fang Zhuo praised the work of the other party: "From the beginning to the end, I have always believed that the SEC will deal with it fairly, and I also believe that Yike has better prospects."

The SEC is very fair. No matter what the process is, Yike will still open the market normally. This is enough.

Lu Peining exchanged some pleasantries, and suddenly there was a subtle change in her voice, and she took the initiative to mention another matter: "Mr. Fang, the ITC will issue a final ruling this month. Is Yike ready?"

Fang Zhuo heard such a sentence at such a time and said calmly: "Of course, we are already clearing out old models and have advanced the launch date. However, considering the impact of the ruling, the next step is also We will further realize the potential of the Chinese market and give positive market feedback."

"We are observing the impact changes that may be brought about by various sales channels, and we are also paying close attention to the competitive products of our competitors Samsung."

What Fang Zhuo talked about was Yike Company's down-to-earth response.

However, that was not what Lu Peining wanted to hear. He said suggestively: "What do you think the ITC's final ruling will be? Does Yike have any financial response?"

Fang Zhuo asked in confusion and surprise: "Financially? Is there any hope that the ITC will withdraw its ruling? That would be great! Is there any news about it?"

There have been cases where the ITC’s final ruling was different from its preliminary ruling, and the proportion was relatively small.

Lu Peining had to be more straightforward: "As for ITC, I have read their internal discussions in detail in the past two days. ITC's infringement against Nokia is too clear and it is impossible to withdraw the ruling."

Fang Zhuo hesitated and said: "Then..."

Lu Peining continued: "Mr. Fang, I think you are well prepared for the short seller this time. If, I mean if, the ITC's final ruling is overturned, what can Yike gain?"

Fang Zhuo said in astonishment: "Being, being overthrown...how, how is it possible?"

Mr. Lu, are you talking about the overturning of the final ITC ruling, which is extremely rare in history?

You haven't received the money yet, so you are starting to think about the resources you can use without any guidance?

It’s simply a source of profit!

Fang Zhuo seemed to be stunned and didn't speak for a long time.

Lu Peining waited patiently for a while, and then said, "Mr. Fang, what do you think?"

"This...if this is the case, of course it is the best result for Yike." Fang Zhuo slowed down and considered, "But now I have become a fraudster. If it happens again on the financial level... "

Lu Peining smiled and said: "It's just a little bit of public opinion. Don't worry about it, Mr. Fang. What I mean is that an innovative company like Yike shouldn't be buried."

Fang Zhuo pondered for a long time again, and then said: "If this is the case, it must be kept strictly confidential. Once the news of being overturned is exposed in advance, the stock price will immediately rise."

From the customer's perspective, profiting this time is simple.

The stock price after Yike's short squeeze will fall back as soon as it is delivered. Buy at a low price and sell at a high price after the overthrow. This is the simplest insider information operation.

As for whether hedge funds will make a comeback in this process, it is not within the scope of customers' consideration. If they are really blown up, it will be done easily.

"Of course it will be kept secret. It's just a hypothesis now." Lu Peining calmed down his eagerness. He had carefully weighed the situation. The most satisfying thing was that MIGA Fund kept client information confidential.

The confidentiality of this information is a key point. Of course, relevant public opinion trends will emerge after today. The patent issue must be taken seriously. Yike will inevitably pay the price of infringement.

Lu Peining liked Mr. Fang's professionalism very much, and congratulated him again before ending the call: "Mr. Fang, today I am in Washington to see how Yike's stock rebounds and makes money. When you come to the United States, we can chat in person again."

"I will fly to the United States next week. Oh, Paulson from Goldman Sachs asked me what I do with making so much money. I thought about it today, and I have already made enough money. More is just numbers." Fang Zhuo sighed. He said, "If I make enough 3 billion this time, I will stop."

Lu Peining said seriously: "Mr. Fang, you are still young. 3 billion is not enough. Just buy a football team. 30 billion is enough."

He exchanged a few pleasantries and ended the call.

Fang Zhuo put down his phone.

This is the subjective initiative from Lu Peining and others!

Coerced! I am being held hostage!

There is nothing you can do, you have become a fraudster, so just continue to cheat until the end.

Fang Zhuo threw his phone on the table, walked a few steps, opened the curtains, and the night of Shanghai came into view.

On the computer screen behind him, the stock trend of Yike, which had been resting for two days, suddenly jumped up.

It’s 10:30 pm Shanghai time and 9:30 am New York time.

The second hands in both places passed the last second, and there was no movement from the SEC.

The Nasdaq exchange officially opens.

Everyone is paying attention to the stock code YIKE to see if there is any breaking news. However, no measures have been taken as imagined. This is...

It’s skyrocketing!

On Friday night, Yike's share price closed at $89.67. Before the market opened on Monday, the share price soared 38% to $123.74.

Only ten minutes after the market opened, YIKE jumped short and opened high. The stock price rose straight up at an angle of nearly 90 degrees, and the quotation went all the way up!

It’s a run! Short stampede! Who can run faster!

On the Nasdaq exchange, Yike stock surged!

All the well-known media, financial media, technology media, and various media, after two days of brewing and public opinion storm, almost all paid more or less attention to the results of Yike stock, and witnessed a jaw-dropping stock price in real time. Awesome scenery!

rise! rise! rise!

rise! rise! rise!

130! 140! 150!

Shanghai Hang Lung 23, in order to serve customers more attentively and take care of their emotions, the lounge has been replaced with a larger-screen TV, which increasingly allows short sellers to intuitively see the stock price trend.

As Yike's stock price continued to rise, someone finally collapsed.

"It's gone up, it's gone up, hahaha!"

"Hee hee hee, oh oh oh."

"I'm going bankrupt, hey, I'm going bankrupt, hey hey hey, I'm already bankrupt!"

"Where's Mr. Fang? Mr. Fang, I want to see Mr. Fang!"

"I'm so stupid, really. I know that there are many rich people who are not cruel, but I didn't know that someone so young can be so cruel."

"Oh, I'm going bankrupt! I'm going bankrupt! I'm going bankrupt!"

The lounge was lively and bleak.

The executives of the four major institutions, Carlyle Ian, Bridgewater Henry, Desha Grant, and Ying Shiman Ackerman, gritted their teeth and looked ashen.

Even Philip, the vice president of Goldman Sachs, saw this scene in front of him and saw Yike's crazy rebound. He suddenly changed his color and his liver and gallbladder were about to break!