Reinventing the Millennium

The President Office of Hang Lung 23.

Fang Zhuo's face was full of joy.

Because Philip was here, the level of joy was a little higher, but it was still joy.

Things finally came to fruition!

Putting aside whether it makes money or not, the biggest patent issue that Yike has faced since the establishment of the mobile phone project is finally solved!

If Yike does not solve the patent dilemma, it will always be in danger of being stuck, just like HTC that once passed by like a meteor, and the declining Nokia did not hesitate to use this common method in business competition.

Now, CEO Shi Yihao and Shi Erhao have joined forces, and Yike's danger for a period of time has disappeared.

This is the biggest gain from this matter. Just looking at the growth prospects of the company's market value, it far exceeds the benefits that can be obtained through financial means.

As for the other things, killing institutions here and there, this is not... oh, that's pretty good too.

"Philip, why are you looking at me like this?" Fang Zhuo was happy and checked the latest news on his computer. At the same time, he noticed Phillip's shocked and angry eyes. By the way, he used the shortcut key on the internal phone to call someone.

Boxing is afraid of young people, and Philip would be humiliating himself if he tried to do it.

But Fang Zhuo still wanted to maintain his grace at such a moment.

Otherwise, when we talk about this moment in the future and others ask what you were doing when you heard that the ruling was overturned, you can't say "I beat Philip in the office", which would be too disappointing.

"Mr. Fang, what did you do?" Philip asked bluntly, "How did you get the ruling to be overturned?"

Fang Zhuo looked confused: "What do you mean? I let the ruling be overturned? You guys at Goldman Sachs are really imaginative. You have persecution delusions, right? You have to think that someone has tampered with it to be satisfied?"

He repeated again: "I have said it before..."

The door to the president's office was opened, and secretary Liu Zonghong and two security assistants walked in quickly.

Fang Zhuo said it was okay and continued to say to Philip: "I have said before that there is a problem with Nokia's use of patents to hinder the progress of the industry, and you people are really destroying yourself. Philip, do you believe in God? This is God Stop directing your actions, Goldman Sachs!"

Phillip took two steps forward, still sticking to his inner intuition: "Mr. Fang, you first lured and coerced retail investors to form a group, and then overturned the ruling in one fell swoop. Mr. Fang, you are so dark, you are really not afraid... not afraid..."

Are you really not afraid of something happening?

Phillip's naked physical threat remained unspoken after all.

Fang Zhuo smiled and pointed at the Goldman Sachs vice president: "Am I so evil? Who is evil? Who swallowed up the option money of small institutions first? Who packed up junk CDOs with Paulson? Who burned them? Twitter’s computer room? Who unplugged Go die’s website? Who pressured the SEC to review Freetrade? Who caused Kong Yu’s car accident?”

Philip was silent.

Fang Zhuo's voice rose again: "Who is looking for someone to beg me? If it weren't for the last big transaction, all the hedge funds in big institutions like you would have died! You actually have the nerve to ask me? Philip, who is it? ?”

Philip sneered slightly: "Mr. Fang, didn't you make money from your large transactions? Didn't your fund take advantage of the situation to ship? You keep saying that you have nothing to do with Go die and Freetrade. Do you dare to swear?"

"Do you dare to swear that Goldman Sachs didn't burn Twitter?" Fang Zhuo asked.

"Do you dare to swear that you didn't hire someone to do Freetrade?" Philip asked.

Fang Zhuo said disdainfully: "Children, every family."

Philip was shocked and angry: "Mr. Fang, you are driving Geithner, Lu Peining and others this time. Do you dare to swear that there is no insider trading?"

Fang Zhuo, out of the friendship of singing together in the past two days, said patiently: "Philip, you are also the vice president of Goldman Sachs after all. What do you think is the point of talking about this now? Instead of entangled with me like this, you should hurry up and remind Goldman Sachs."

Philip tugged on his tie and insisted: "It makes sense."

Even if you die, you will have a clear understanding, and it will be easier to communicate with each other after you go back.

Fang Zhuo became a little impatient: "It's meaningless. Do you dare to swear for Goldman Sachs? Just swear to God! Cut off the flesh as soon as possible."

Philip said solemnly: "I don't have to swear, Goldman Sachs is evil!"

Fang Zhuo was stunned for a moment, you...you are so Goldman Sachs!

He nodded: "Okay, it's simple to swear."

Fang Zhuo pointed to his secretary Liu Zonghong: "Philip must swear that you will send him one before God."

Liu Zonghong raised his hand without hesitation: "I swear, our Yike will never..."

Philip laughed angrily: "Mr. Fang, those who blackmail us at Goldman Sachs will have to pay a price!"

We at Goldman Sachs can hack, and so can you, but you went too far this time!

Seeing that the vice president was still entangled, Fang Zhuo waved his hand: "Get out, get out."

The two security assistants were already gearing up and immediately stepped forward to grab a shoulder and neck lock.

"I'll go by myself." Philip shook off his grasping hand, "Mr. Fang, you better take care of yourself!"

Fang Zhuo complained: "Did you learn Chinese from people in the capital?"

When Philip didn't answer, he was escorted out by two security assistants.

When he reached the door, he suddenly turned around and said, "Mr. Fang, one size fits all, so you can take care of yourself!!"

Philip rushed out of the CEO's office, rushed into the bathroom angrily, and began to wash his hands desperately. His hands were dirty, and his palms were dirty!

Fang Zhuo watched the vice president of Goldman Sachs disappear from the office and said with a smile to his secretary: "Notify our investment department, and also notify Brother Wang and call Lao Xiong to find out about the projects that Goldman Sachs and Carlyle want to invest in China or Asia in the future. Let’s all touch it.”

Liu Zonghong nodded. It's hard to say in Asia. Domestic projects are easier to hack. Mr. Fang is not someone who is easy to bully.

Fang Zhuo sat down, and the cell phone on the table and the office phone rang at the same time.

He threw the cell phone to his secretary and picked up the landline himself.

Landline comes from the United States and is also from Goldman Sachs. Heyden is the person in charge of the stock repurchase entrusted by Yike.

"Mr. Fang, Mr. Fang, I suggest increasing the size of the repurchase funds today!" Haydn spoke quickly.

Fang Zhuo looked at the landline number and saw that he had indeed answered the right call. It was from Goldman Sachs. He was silent for a few seconds and asked, "Isn't the cost of repurchase today high?"

"It was crazy before the market opened. The stock price will definitely skyrocket in two minutes. As long as we take the sell order at the necessary moment, we will definitely be able to drive the stock price to soar even more!" Haydn spoke faster and faster, and hinted, "Today's market is absolutely extraordinary. Rationally, greater value can be created after the stock price soars.”

He believed that Mr. Fang and Yike, a mobile finance company, could not be unprepared for the reversal of the ruling. The cost of stock buyback today could be doubled from other channels!

Fang Zhuo considered it: "Do you think this is appropriate?"

"Appropriate, today's market is expected to continue as in April..." Haydn answered, suddenly realizing that Mr. Fang might be worried about his identity, and immediately replied, "Mr. Fang, there are no more hedge funds at Goldman Sachs. They are alive, don’t worry about them, I am absolutely professional and responsible.”

We are not a department or a faction. Hedge funds are hedge funds. What does it have to do with us?

It would be fine if you could win, but I can't survive now. Don't stop me from creating benefits for my clients!

Haydn planned to kill everyone today. No matter who was in front of him, he wanted to kill him first.

He wanted to get Mr. Fang's authorization based on the customer's order.

"Okay, I believe in your professionalism." Fang Zhuo looked at the time and saw that there was still one minute before the opening. "I'll call Smith again. There is no problem with the repurchase this time."

Smith is the deputy director of Yike America, and is in charge of this round of stock repurchases.

Haydn ended the call excitedly, preparing for the rare pleasure of doing the opposite.

Fang Zhuo put down the phone, looked at his secretary, and couldn't help but sigh: "High, really high!"

"It's a call from Washington. Twitter is expected to resume access in the morning." Liu Zonghong reported the content of the call he received. It was that retail investors were taking the opportunity to restore their public opinion position.

Fang Zhuo nodded without saying anything, opened the browser, and saw the time in the lower right corner of the screen changed to 9:30.

It’s another Monday open for trading on the Nasdaq exchange.

Affected by the news that the ITC ruling was overturned, Apple and Yike both jumped short and opened higher.

Yike's closing price last Friday was US$316.15, and it quickly broke through US$350 after the opening!

Twitter was paralyzed, but the live press conference spread the news of the overthrow quickly and comprehensively. Follow-up by Facebook, Google, and some media made retail investors who had lost confidence over the weekend two days surprised to find...

When can we kill the organization?

Just today, just today!

If last week's group short squeeze was rough and polite, then today's crazy influx of retail investors and funds is pure barbarism and violence!

The Prisoner's Dilemma has disappeared. Retail investors and small and medium-sized institutions that already held stocks are buying additional stocks. More surging funds are coming from retail investors who are watching the excitement. They don't buy much personally, but YIKE's comeback-like reversal is too disappointing. People get on top and can't help but want to join in the fun, which is also a kind of participation and witness.

Small and medium-sized organizations are taking action!

The kings of retail investors are in action!

Big institutions...what storms and waves have we not seen before?

"Don't close the position first, add margin! Yike's US$316 is already a high level! The irrational bubble will reach its top soon! It can't exceed US$400!"

"It's 400! Keep insisting, call, where is the SEC? They are communicating with Nasdaq!"

"Made, I have long said that the circuit breaker mechanism for individual stocks will be implemented! Damn! The call is coming, the call is coming, retail investors are in trouble!! Add one more time! Harvest!"

——On May 26, 2009, at 11:03 a.m., the stock YIKE experienced abnormal price increases and trading was suspended.

"Trading is suspended, hurry up, additional news, Yike has collapsed, the bubble is too high, a group of insider traders have been caught! Institutional funds are all fleeing!"

"Publish the news, release the news. ITC is strongly dissatisfied and negotiates to overturn the resolution!"

——On May 26, 2009, at 11:10 am, stock YIKE resumed quotation, and at 11:15, stock YIKE resumed trading.

"Crazy! Crazy! Didn't they hear it? Insider trading was caught! Why is it still going up!"

"What? Goldman Sachs's hedge fund announced that it would liquidate all its short positions?? That's gross!! Didn't they agree to advance and retreat together!!"

——On May 26, 2009, at 12:30 noon, the SEC issued a statement that it is paying close attention to extreme price fluctuations, working hard to protect investors to maintain market fairness, and also to protect retail investors from manipulative transactions.

"Everyone is crazy! Everyone is crazy! The SEC has issued a statement! Don't you know who the extreme price fluctuations are about? It's you retail investors and YIKE!"

"Who? Who asked if you are okay? Ah? That person is back? FFFFFuck!!"

——On May 26, 2009, at 12:45 noon, access to Twitter was restored, and Fang Zhuo posted an update: Hello, are you okay?

At 13:10, several hedge funds under the Carlyle Group announced that they would clear short positions in Yike.

At 13:25, Bridgewater Associates also announced that it would withdraw from the battle, liquidate and admit defeat.

However, YIKE's stock price is still rising, and news is circulating on Twitter that there are still institutions persisting. All retail investors now have only one idea, to completely blow up all the institutions this time!

If you miss this time, you don’t know when the next time will be!

"Let's go to the rooftop. This is the first time I've seen such strong winds and waves."

At 15:00 sharp, YIKE's stock price exceeded $600 due to the good news and the short squeeze.

Media news, rising!

SEC attention, rise!

Hedge retreat, rise!

It won’t go up if trading is suspended, but it will go up if trading is resumed!

Mr. Fang updated his Twitter, it’s up!

Mr. Fang liked the tweet, it went up!

The irrational market sentiment reached its peak after the ITC ruling was overturned. Retail investors who gradually learned the news couldn't help but follow the rising stock price and continued to enter the market.

Because of Yike's previous base, the stock price exceeded US$600, which also meant that the market value once again exceeded US$170 billion.

Top 10 in the world, I'm back!

The stock price rises too fast, emotions take over, and it doesn't even matter if funds are thrown into the market. What stands out is that it is irrational.

John Paulson, who has many shining names such as "King of Short-selling", "Wall Street Short-selling God" and "No. 1 Hedge Fund", never thought that the ups and downs in life could come so quickly.

Add, add, add!

When all the institutions he knew that were shorting Yike this time all left the market, Paulson suddenly had an absurd doubt. Who was driving the news that caused him to decide to raise margin?

If Nasdaq does not suspend trading, I will not pursue it. If the SEC does not make a statement, I will not pursue it. If ITC does not negotiate, I will not pursue it. If...

Unfortunately, there are no ifs, only results.

"It's liquidated, it's over."

Paulson calmly issued the last order of the day.

At this final moment, the office door was suddenly pushed open violently.

"Securities Commission, we received a report and investigation against you. This is a formal investigation order issued." Two SEC staff members broke in and showed their certificates and investigation order.

Paulson was shocked to see the formal investigation order and immediately refused: "I don't accept it."

He has dealt with the SEC a lot and knows that he has the right to refuse. If the other party wants to continue, he needs to apply for an injunction from the local court.

The two people from the SEC glanced coldly at the Wall Street legend, glanced at the office, and turned to leave.

"What are you investigating me for?" Paulson suddenly asked.

"It is suspected of secretly establishing a position in Yike's stock, manipulating the stock price, and violating the anti-fraud provisions of 10b-5." A staff member turned around and said, "Someone also reported you for insider trading with Yike."

Paulson couldn't believe his ears.

who? with who?

He even laughed: "Who? Who am I doing insider trading with? Who?"

"Yike, that Fang Zhuo's Yike." The staff member said seriously.

Paulson laughed loudly: "Me and Yike? Hahaha, me and Fang Zhuo? Are you crazy? I swear, this is the most ridiculous thing I have ever heard..."

The SEC staff interrupted: "I have heard too many swearings. If swearing is useful, what else do we, the SEC, need to do?"

He asked again: "John Paulson, I ask again, will you accept the inquiry? If you refuse, we will apply for an injunction immediately."

Paulson seemed to have been strangled by the neck, and his voice was stuck in his throat.

He looked at the two people blankly, and then said after a long time: "I want to go to the hospital, and I want to go now."

"Go to the hospital?" The staff frowned, which was also a common excuse.

"I've been hit by Avada Kedavra, and I want to go to the hospital." Paulson said expressionlessly.

He once again rejected a ridiculous investigation from the SEC with ridiculous excuses.

The staff understood, gave Paulson a final cold look, and turned to leave the Wall Street legend's office.

The Unforgivable Curse, Big Short, there is no hope, just wait for death.