In the third week of May, Li Yang basically started to bail out.
The market this month was quite complicated; if he held on and didn’t move, he might lose money. He’s not good at high-frequency trading, so whenever a stock went up, he would imdiately pull out.
Best to lock in the limit-up; on the day of the lockdown, he would definitely get out for maximum profit.
Just run a bit every day, whatever amount he can recover counts.
Over the past ten trading days this month, he hadn’t actually made much money; his total floating profit was just twenty percent.
On Monday, the market suddenly dropped six points. The market had just broken through the five thousand mark and instantly fell back to four thousand seven hundred points.
There’s still so room left, suitable for high-frequency trading, which he wasn’t quite suited for.
Staying a month might not even increase by a few points; it would all be swallowed by volatility.
It’s better to bail out early to avoid getting trampled in the end, possibly losing even more.
At that mont, Green Water Group’s market value was only 1.2 billion.
It’s really not going down anymore; where else is there room to fall?
Each share was now worth only two yuan and ninety cents.
Now that Jiangcheng County was managed by Ye Bingcheng, it was a good thing for him.
To legitimately accomplish sothing, he could only start from the county; he had no foundation elsewhere.
So he had to take over Green Water Group.
Even if it was just for a shell, it would cost quite a bit now, and Green Water Group’s shell was quite decent because the shares were relatively concentrated.
At this ti, only Liu Zhengxiong would occasionally release so shares, and the daily trading volu was still less than ten million, indicating that there were very few retail investors inside.
Currently, in this bull market phase, no hot money was willing to co and play here. After all, there was so much at outside; who would have ti to co and play with a pile of crap?
Unless when there’s no at outside, soone might think of a deep dip rebound.
On May 21st, Zheng Dasheng called Li Yang.
"President Li, we found Wang Junsheng over here, but we didn’t recover all the money, just a little less than 300 million."
Li Yang: "Where did you find him?"
"Over by Old Mo; fortunately, we know so people running factories over there. We asked them to keep an eye out, and it turned out they really found Wang Junsheng, that guy. A few more days and he could have entered the United States; it would have been hard to deal with by then."
"Congratulations, President Zheng. Three hundred million is already pretty good."
Zheng Dasheng sighed: "That bastard gave fifty percent commission to others, and the other two hundred million is untraceable; it’s not under his na."
It’s not an easy task to exchange that amount of money into US Dollars, considering it’s not a small sum.
If it were just tens of thousands of US Dollars, offering an extra 5% or 10%, many people would help, especially since many people have a $50,000 exchange quota per year.
Li Yang said: "I guess it went to interdiaries, probably no chance of getting it back."
"Yes, so I called this ti, first to thank President Li, and second to ask if you’d be interested in Green Water Group’s shares. We’ve still got quite a bit here, almost 18%. According to the current market value, it’s just over 200 million, but we can offer a discount, say two billion. What do you think, President Li?"
For Zheng Dasheng, recovering five billion out of ten billion was already pretty good. As for Wang Junsheng? He’s probably not around anymore.
Li Yang said: "Why not sell them on the secondary market, President Zheng? At the current market value, you could sell for two hundred and sixteen million."
Zheng Dasheng quickly said: "You’re joking, President Li. We’ve been struggling to sell much. Even if we throw tens of thousands of shares, the stock price hits the limit-down, so selling more makes no sense. If you think the discount isn’t enough, we can discuss it."
"That’s not what I ant. I an, aren’t you at all interested in investing in Green Water Group, President Zheng? I’ve recently gathered nearly 20% of the shares, with enough shares in hand to possibly start restructuring Green Water Group..."
Li Yang could take on those shares anyway; they weren’t worth much.
But restructuring the whole Green Water Group would be a bit tough with just him alone.
More funds would be needed down the line.
Allies like Zheng Dasheng are actually the best; they wouldn’t interfere with the company’s operations and could sotis provide support.
Green Water Group’s export volu has indeed decreased, but their certification license is still valid, and they remain partners.
From the Wang Junsheng incident, it’s clear they have quite so connections abroad.
Zheng Dasheng hesitated for a while and said: "To be honest, President Li, we’re getting on in age, and we never thought about starting a business. We have no experience managing large groups, and frankly, we don’t want to trouble ourselves at this age."
"I understand. How about I introduce a few people to President Zheng? See if they’re interested in the shares, as I really can’t take them."
"Sure, thank you, President Li. If you’re ever in Jiangbei, I’ll treat you to a al."
No matter what, Zheng Dasheng would surely express his gratitude to Li Yang; otherwise, those three hundred million in Wang Junsheng’s hands would be hopeless.
Three hundred million could significantly aid their recovery.
As for finding soone to take over the shares, it’s likely just an excuse by Li Yang.
Even if soone did co, they’d surely drive the price down to an unacceptable level.
In short, to deal with these shares, they’d have to think of other ways, which Zheng Dasheng was well aware of.
...
As days went by, Li Yang was either chatting in a room escape franchise group, clearing stocks, or attending classes.
In any case, he was quite busy every day.
During this period, Liu Zhengxiong was always on edge every day.
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