More than two months later.

The June sun is already blazing.

In the city of Ark in the mainland, the temperature has generally exceeded 30 degrees Celsius.

In 2000, most of the city's office buildings did not have central air conditioning, and a considerable number of enterprises, including Internet companies, did not install their own air conditioning.

In an office building in the west of the city, the second headquarters of Huang Yi Company is hidden in the meantime, and in the office of CEO Ding Sanshi, the air conditioner of the cabinet machine is blowing, but it can't blow away the boss's irritability. (Huang Yi's original headquarters was in Guangdong)

In the west of Fangzhou City, this Huang Yi office occupies a total of three floors of the entire office building. However, the decoration and facilities of these three floors are completely different.

The top floor is the floor where Ding Sanshi's office is located, which is the best decorated, and all employees' offices are air-conditioned.

The lower floor is a little worse, but there are cabinets that are easy to move. Some of the open office areas with a relatively large degree of openness have large window machines with loud noises.

The window machine is an air conditioner, the post-00s probably have never seen it, it is an all-in-one machine without indoor and outdoor separation, embedded in the window or wall, facing the indoor butt and facing the outside, and spraying hot air behind the front air. The disadvantage is that the volume is relatively large, and the noise and vibration are also violent, and after a little bit in the future, the Chinese people will basically not use it.

However, at present, Huang Yineng has a window air conditioner, which is no longer the lowest level. The office area on the lowest floor was newly expanded from the end of last year to the beginning of this year, and the staff were all just recruited, and none of them had been employed for a year, and those people were now facing no air-conditioning environment, all relying on the fan to suppress their inner irritability, and work hard.

Many of these manpower and business expansions were recruited in preparation for the IPO and for a better appearance. There are many people, and the work is not highly technical, and they are also responsible for some relatively shady matters in business expansion and operation.

In a word, compared with the backbone of the upper two layers, their work is like the difference between a serious Taobao store and a single shop, and it is also like the difference between the real gods in the online entertainment content industry and the list dog.

Any company, before the IPO, should try to slap the face a little swollen to become fat, so that it can raise a lot of money. It's like eating the last meal of pork before it goes on the market, so you have to inject some water.

It's just a pity, because of the bloodshed on the market, so the treatment of these tool people is worse, if it is not for the hasty unloading and killing of the donkey, it is not good, most of these people let alone the air conditioning in the office, it is difficult to say whether they can continue to work.

The cold winter is coming soon, this is the consensus of all in the circle.

As one of the bigwigs in the Chinese Internet circle, it is impossible for Ding Sanshi not to even see this clearly, of course, he also has to make long-term plans for the company's winter.

Even if the IPO is not long and has just raised tens of millions of dollars in capital flows, then he has to plan for a future that will never see the end in a year or two, and lay off people to reduce expenses to calculate the company's burn rate.

Internet companies have so far been unprofitable. The burn rate is equal to the cash flow reserves divided by the expected net loss of money each year.

......

"! Yesterday's closing price actually fell below 2 yuan again! We have used more than 5 million reserve funds to make a small-scale repurchase, but we can't support investor confidence? This is troublesome, only two and a half months after being listed, the stock price has already fallen by 30 percent!"

Early in the morning, it was only seven o'clock, Ding Sanshi hurried to the company, and immediately saw the stock price feedback on the other side of the ocean, and then sighed anxiously.

This is still on the basis of falling below the issue price of 20% at the beginning of the listing, and then falling by 30%. In other words, today's stock price, compared with the price when the brokerage underwrote it, has fallen by 45%, and it will soon be more than half.

Of the 45% evaporation, 20% are the losses suffered by brokerages in the primary market, and the other 25% are the losses of investors in the secondary market, including institutional market makers and retail investors.

Generally, the work and rest habits of Internet people are relatively diurnal and nocturnal, and it is normal for the boss to listen to the report in the middle of the night, but it is rare to arrive at the company before nine or even ten o'clock in the morning.

As of last year, Ding Sanshi also worked until the second half of the night, at 11 o'clock in the morning. However, in the past three months, he has forced himself to go to bed early and wake up early, just because for him, the biggest thing for the company is no longer the daily operation, but the stock price on the other side of the ocean every day.

So every morning when the U.S. stock market closes, Ding Sanshi can't help but wake up, and then he can't sleep, so it's better to come to the company early and work after reading the market.

"Forget it, this is the first attempt to buy back shares with reserve funds, and it will be the last. It's just a drop in the bucket, never do this kind of thing again in the future, if you want to fall, just fall. ”

After thoroughly accounting and recognizing the situation, Ding Sanshi secretly muttered to himself quite decisively.

It turned out that just a few days ago, when he saw the company's stock price fall below two dollars a share for the first time, he fantasized about taking the spare money that the company had raised before and lying on the books, and took out some of it to buy it back and support the stock price.

He thinks that the original underwriting price of the brokerage was 3 yuan 5, but now it has fallen below 2 yuan, which is equivalent to the money that was issued at the beginning of the first share can now repurchase nearly two shares.

The company does not use up a lot of funds on the books, and the worst plan is to spend half of the money raised at the beginning to be repaid, and then the shares will not be all back?

However, Ding Sanshi finally underestimated the bearish sentiment of the market, and the $5 million repurchase money was smashed down, but it only lasted for less than a trading day after more than two yuan, and then fell back down.

At the time of the previous IPO, Huang Yi raised a total of 60 or 70 million US dollars, and now he has spent tens of millions of dollars on normal business expansion in the past few months, and 5 million yuan for the repurchase, plus a little other daily expenses, there are 50 million US dollars in cash left. (Ding Sanshi didn't know that if history hadn't been changed by Gu Kun, Huang Yi's NASDAQ IPO in his previous life could have raised more than 100 million US dollars, because Gu Kun's butterfly effect had lost about half)

In the case of no hope of continuing to raise funds, the $50 million is intended to be eaten for at least two or three years, and it must not be wasted again.

This is Huang Yi's current situation: the stock price has fallen below 2 US dollars per share, and the remaining funds on the book are only 50 million.

Just when Ding Sanshi was calmly thinking about the next move, his office door was quietly but eagerly pushed open by the female secretary:

Chairman ...... Bad news, someone in the Wall Street Journal revealed some very bad news for us...... If left unchecked, I am afraid that the situation will deteriorate further sharply in the next four trading days of this week. ”

"What? Who is targeting us? It can't be shorting, right? We are Chinese concept stocks, and there are only a few listed companies in the entire Huaxia market, and short-selling institutions will specialize in studying us?" Ding Sanshi immediately jumped up from the boss's chair, without the slightest calmness.

Who made him just a 29-year-old young man, it's normal to be unable to hold his breath.

In his previous life, the reason why he was qualified to become the richest man in China for a short period of time was not all due to his ability, but luck accounted for a greater factor - Huang Yi's scale and achievements did not necessarily have an advantage over Sohu and Xin Lang.

The reason why Ding Sanshi has a lot of money is only because Huang Yi is the only one among the three major portals who has not accepted angel round investment. When he first started his business, Ding Sanshi and several other partners scraped together more than 2 million yuan, resulting in the equity not being diluted by venture capital institutions in the most valuable round.

In other words, Ding Sanshi relied on the primitive accumulation of semi-entrepreneurship when he worked part-time and helped others write software in the past few years, and saved the original start-up capital for Huang Yi's entrepreneurship.

Therefore, his position does not represent his true IQ and quality, and it is inevitable that he will be more flustered than Zhang Chaoyang and others when encountering major events.

The female secretary looked at the boss's irritable posture and replied weakly: "From the existing indications such as the writer, it seems that it can be seen that the Blackstone Fund may intervene, and Mr. Han said that it may be a short-selling institution under Blackstone."

In addition to disclosing our daily flow and moisture problems, the article also specifically discloses the positions of our website editor-in-chief, and if there are people who use the prison residue, it also discloses in detail what the criminal record of those people is. ”

Ding Sanshi raised his eyebrows: "Heishi? Isn't that ...... Hey, isn't Blackstone's Asia-Pacific president Liang Jinsong! Is it Gu Kun who has fallen into the trap for us? It's too despicable, how can there be a Chinese concept stock portal that doesn't swipe a little bit of traffic fraud! How can there be no zombie virus broiler to brush daily active IP! As for the editor with rhythm, I can't use serious people in the first place, how can serious people lead a good rhythm!"

It's also strange to say, Huang Yi's rhythmic editors, but there is no shortage of "Crouching Tiger, Hidden Dragon" released from prison, and it can be regarded as Ding Sanshi's eclectic use of people, knowing that this kind of person dares to say anything and dares to spray, and it is most suitable to do a good job of the kind of traffic trolls who "whoever is on fire will extinguish" said in "Big Names".

No, Huang Yili's highest-status related personnel, it is said that he was born in Pitiao, and he was originally watching the scene in a city foot bath street in Hunan Province, but he was arrested because of the introduction of XX.

But not to mention that this kind of person really has a hand in hyping up the eyeballs with rhythm, and after Huang Yi resigned from Huang Yi, he personally took the original Internet + of the year, and incubated a lot of applications at the level of "about bubble artifacts".

IT CAN ONLY BE SAID THAT SOME PEOPLE ARE NATURALLY SUITABLE FOR THE ROLE OF TURTLE GONG BIG TEAPOT, AND THEY HAPPEN TO BE RECRUITED BY DING SANSHI'S ECLECTIC TALENT REDUCTION.

Oceania shareholders would not have cared about these in every detail, but it is difficult to say if someone deliberately shorts and specially collects black materials. Of course, what can hit investor confidence will be exposed.

When he was in a hurry, Ding Sanshi received a phone call, which was from Ma Feng in the same city.

"Xiao Ding, there are some things I shouldn't bring. Gu Kun wants you to go to Xiangjiang and meet him, he hopes that you will show an attitude, otherwise, he may really do it. Ma Feng awkwardly informed a bad news on the phone.