Starting out as a drug dealer in 1988
Chapter 541 Shorting Longxing 14
At this time, Zhou Changyan was extremely anxious and under great pressure.
He had hoped to turn the tide by increasing capital again, but once this proposal was put forward, it was like a drop of water falling into a boiling oil pan, instantly arousing a wave of opposition.
Even Min Wensheng, chairman of Changhai Group, who has always had a close personal relationship with him, chose to remain silent this time and expressed his refusal to support him.
"Mr. Jay, we don't have much money on hand right now. At most, we only have a little over 3 million left! If we recklessly invest all of this today, we'll lose everything!"
Chen Bing stood there cautiously, his eyes wandering.
“If we don’t continue to invest, our company’s stock price will inevitably hit a new historical low, and the previous record will be easily broken!
Our most urgent task at present is to do our utmost to raise the stock price above the issue price.
Otherwise, all shareholders will question and blame us mercilessly, and the majority of shareholders will abandon our company without hesitation."
Zhou Changyan couldn't help but take a deep breath, then slowly exhale, trying to calm his restless heart a little.
After some effort, Zhou Changyan finally succeeded in suppressing the impetuous emotions that were surging like the tide in his heart.
He collected himself and continued, "Don't worry, everyone. I've already negotiated with the bank and have decided to continue pledging my shares. If nothing unexpected happens, new funds will be injected tomorrow."
As he said this, Zhou Changyan forced a smile on his face, but the smile seemed extremely stiff and forced.
However, he knew at this moment that he had to appear calm and composed enough, only in this way could he effectively calm down his panicked employees.
Once the stock price falls below the issue price, the person who will be most affected and suffer the greatest losses will undoubtedly be Zhou Changyan himself.
This not only means that his personal wealth will shrink further, but what's worse is that the stock price was 11.92 yuan when he pledged the shares to the bank, but now it has plummeted to 6.42 yuan.
Such a huge price gap is simply jaw-dropping, which means that he has to pay an astonishing amount of extra money to fill this bottomless gap and meet the bank's harsh and almost ruthless requirements.
If he cannot find other reliable sources of funds, there is only one way left for him - to continue to mortgage his valuable shares to repay the bank's heavy debt.
At this moment, he seemed to be walking on the edge of a cliff, and every step was full of crisis and uncertainty. The approach he took was tantamount to drinking poison to quench thirst.
However, the situation was pressing and he had no choice but to do so. He could only bite the bullet and continue this gamble, silently praying in his heart that the other party's funds were not as strong as he imagined.
Because once the situation gets out of control, he is very likely to fall into the abyss from which there is no return, and it will be difficult for him to recover.
"Director Zhou, I'll go and make arrangements right away!" Just as Chen Bing finished his words with such finality, turning to leave the solemn office, Zhou Changyan, who was sitting behind his desk, suddenly called out, "Wait! Don't go yet. I have something to ask you. Have you reached any conclusion yet on the matter I asked you to investigate?"
Hearing this, Chen Bing, who had already raised his foot, stopped in his tracks instantly as if he had been cast under a spell.
In fact, he already knew in his heart that the boss would never easily forget this crucial matter.
He turned around and replied respectfully, "Mr. Zhou, for the past three days, I haven't dared to relax for a moment, and have been sending people to investigate this matter with all my strength. At present, we have obtained some key clues and traces, but we need to further explore and analyze them. I sincerely ask for your grace to give me two more days. I promise you that I will give you a satisfactory explanation."
When saying this, Chen Bing's voice trembled slightly, and his heart was full of anxiety.
After all, facing Zhou Changyan, a strict boss, any mistake could lead to serious consequences.
Zhou Changyan's face was as gloomy as water, his lips were tightly closed, and he stared at Chen Bing in front of him without saying a word.
His eyes, as sharp as an eagle's, seemed to be able to see deep into people's hearts, making people dare not look at him.
Chen Bing felt a chill rising from his spine, and his legs began to tremble involuntarily.
He felt like he had a thorn in his back under Zhou Changyan's gaze, and he felt uncomfortable all over. A layer of fine beads of sweat even appeared on his forehead.
However, Zhou Changyan continued to stare at him, with no intention of looking away.
Time passed minute by minute, and for Chen Bing, every moment was so long and torturous.
Finally, when Chen Bing felt that he could no longer hold on, Zhou Changyan slowly looked away.
"I'll give you one last chance." Zhou Changyan's voice was deep and dignified, and he spoke with an unquestionable tone. "You only have two days. If you still can't find the person behind this, then you're no longer needed here."
Hearing this, Chen Bing secretly breathed a sigh of relief. What he feared most was that Zhou Changyan would let him go without even giving him a chance.
He nodded and bowed quickly, "Don't worry, Mr. Zhou. I understand the importance of this mission and will do my best to complete it. I will definitely not let you down!"
Zhou Changyan nodded slightly, then waved his hand casually, indicating that Chen Bing could leave.
Then he walked to the sofa and sat down, lost in thought, without saying another word.
After getting permission, Chen Bing turned around and left in a hurry as if he had been pardoned.
As soon as he went out, he immediately invested all the limited funds he had left into the turbulent stock market.
Under Chen Bing's reckless and crazy counterattack at all costs, the stock price of Longxing Group, which had been falling all the way, finally stopped declining and began to rebound gradually.
In just half an hour, the stock price soared all the way, successfully breaking through the original issue price of 7 yuan, and there is a trend of continuing to rise.
However, just when Chen Bing thought the situation was under control, the New Century Investment Company was keeping a close eye on Longxing Group's every move.
As long as they find the other party making the slightest move, they will suppress it without hesitation and will never give Longxing Group any chance to breathe.
As time went on, the share price of Longxing Group not only failed to rise, but was once suppressed to 6.2 yuan due to the continued short selling of New Century Investment Company.
The market was finally temporarily suspended in the morning, and Zhou Changyan hurried to the bank again to discuss the issue of mortgaging shares.
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