What does Hong Kong dollars 15 million mean? It's enough for the Lin Family to immediately build five commercial buildings.
Tang Boqi dared to think, and Lin Xiaosen dared to agree, which made Studwell feel that Tang Boqi should work alongside Lin Xiaosen, who could give him opportunities.
"I have no interest in working for the Lin Family. After this is all over, I plan to start my own small business. I'm used to being free," Tang Boqi said nonchalantly. "Helping the Lin Family was actually helping myself."
Studwell nodded understandingly. "I know, you want to defeat that young man named Song Tianyao."
"Yes," Tang Boqi replied absentmindedly, then lowered his head and muttered to himself in a voice so low that only he could hear, "But not now."
Studwell's relaxed and confident demeanor during dinner with Tang Boqi last night was abruptly dashed the next day when the market opened!
A series of large sell orders caused Prosperity Rubber's stock price to plummet at the opening bell. Studwell and Tang Boqi had no choice but to immediately cash out and prop up the stock to prevent a sharp drop in price, which could cause investors to lose confidence in the stock.
For an entire day, Studwell and Tang Boqi were processing these sell orders. Even though they did their best and used all available cash, by the close of trading, Prosperity Rubber's share price had still fallen back below two yuan. If their actions to support the stock hadn't been swift and decisive, preventing investors from being scared off, today's series of large sell orders would have sent Prosperity Rubber back to rock bottom.
"I...!" Tang Boqi stood in the bathroom, turned on the tap, splashed cold water on his face, and suddenly punched the wall hard. He wanted to curse, but in the end, he didn't say anything.
Studwell, shaking the water off his hands, said, "It's okay. Life is full of unexpected events. The situation isn't too bad, is it?"
"We need new capital injection. Tomorrow when the market opens, there will definitely be impatient investors selling their shares. We must buy them up to stabilize the stock price." Tang Boqi looked at himself in the mirror and said to Studwell, "It must be Song Tianyao's doing. He knew we were going to use this stock to raise cash, so he jumped in first and made a profit. He probably made five million today, money that should have been used by us to cash out."
Studwell frowned slightly. "Tang, you seem a bit unusual today. You rarely get agitated when things happen. The stock market is an open market; anyone can participate. As for the temporary funding shortage, I can temporarily find a solution from the banks. The funding gap isn't that big. After all, the enthusiasm of stock market investors hasn't cooled down quickly, and there are still many opportunities. If Song Tianyao waits until we announce the news of the 15 million order before selling, it will be even more difficult for us than it is now. Be optimistic, kid, it's not a big deal."
"Perhaps thinking of Song Tianyao's name is making it hard for me to calm my resentment. I'm sorry, Mr. Studwell, I can't have dinner with you tonight. I'd like to go for a walk to clear my head." Tang Boqi wiped his fingers clean, forced a smile at Studwell, and turned to leave the bathroom.
Studwell lingered in the restroom for a moment, lost in thought.
While Studwell was adjusting his mindset and preparing to rearrange his strategy to further boost the stock price and cash out at a high price, Song Tianyao Tang Boqi was already on guard because of the sudden attack on Prosperity Rubber today. Tang Boqi could guess that Song Tianyao had bought Prosperity Rubber to make a quick profit, and it wasn't surprising. What shocked him was the price at which the other party sold the shares today: 2.21. This was practically as if Song Tianyao had accurately grabbed him and Studwell by the neck.
Studwell and his team didn't provide any funds to prop up the stock price of Prosperity Rubber, causing it to collapse and all their previous efforts to be in vain. However, if they had provided funds to prop up the stock price, Song Tianyao could have easily taken away a large amount of cash that should have belonged to them, and they would have been left without any funds to continue operating, requiring a new injection of capital.
At this point in time and at this price level, it's impossible for Song Tianyao, an outsider, to make such an accurate judgment. He must have a very insightful trader managing this situation for him.
If the Lin Family wants to extract more cash from Prosperity Rubber, they need to come up with more funds first. But who can guarantee that Song Tianyao, who has already made a profit, won't try to pull another round of this scheme with them once the Lin Family has prepared new funds?
As Studwell once said, the stock market is an open market. While you want to extract money from others, you also allow others to extract money from you.
Prosperity Rubber is now in a dilemma due to Song Tianyao's accurate prediction of a large-scale sell-off. It can either continue to raise money to try to boost the price, or it can simply cut its losses and abandon Prosperity Rubber, cashing out as much as it can now.
Thinking of this, Tang Boqi, who had already walked from the company to the street, reached out and touched his forehead, only to find that it was covered in cold sweat. He suddenly realized Song Tianyao's intentions. Song Tianyao's methods towards the Lin Family in the stock market were very similar to his methods towards himself and other factory owners in the fake hair business!
Two words suffice to summarize: temptation, greed.
Song Tianyao is extremely adept at tempting his opponents and exploiting and amplifying their greed. After witnessing the possibility of cashing out tens of millions from the stock market without bank loans, can the Lin Family really bring themselves to make the tough decision to cut their losses?
If they continue to raise money... the Lin Family will be dragged into an endless quagmire. The more money Song Tianyao has, the more funds the Lin Family needs to inject. In the end, even if all the properties do not fall into Song Tianyao's hands, they will become collateral in the hands of banks. In the end, what will probably return to the Lin Family is just a bunch of worthless shares of Xizhen Properties.
The most terrifying thing is that Song Tianyao's downfall won't make the Lin Family and Studwell seem powerless. It will keep them believing that they have only encountered a minor setback and have not truly failed, thus enticing them to continue. Just as Studwell said in the bathroom, Studwell still believes that the amount of funds needed to be injected is not much, and there is still a great chance to drive up the stock price of Prosperity Rubber and complete the established plan.
At this moment, Tang Boqi felt that he had figured out Song Tianyao's tricks. His back was a little damp. He hailed a taxi and said to the driver.