Chapter 208 Wangyi was suspended!
There is a reason why Ding Lei scolded everyone for being a waste.
Take Zhao Gang, the manager of the public relations department in front of him, for example.
I didn't do anything about exposing a young reporter, but I threw the problem to him, the boss, to solve it.
Is he the boss, or is he an employee of the PR department?
The other party offered 10 billion, and if Net10 could come up with this money for public relations, he Ding Lei would have traveled around the world a long time ago.
Now, even if the public relations get rid of the other party and remove the exposed news on the Internet, it has no effect.
The Nasdaq has issued an ultimatum to Wangyi, asking Wangyi to explain the financial problems clearly, and submit all the financial reports for the four quarters of this year to the review agency, and they will conduct an ultimate review of Wangyi's finances.
The real financial and declaration of Wangyi to the NASDAQ is obviously mixed with a lot of water in it, if it is known by the NASDAQ regulatory market, the fate of Wangyi is suspected of financial fraud.
Then the dilemma faced by Wangyi will be suspended from stock trading without suspense!
To put it in technical terms, it is a suspension!
This is the worst time period of the dot-com bubble economy.
Wangyi, an Internet giant that went public in June this year with a stock issue price of $15.5 per share and a market value of nearly $500 million, has shrunk by nearly two-thirds in less than five months.
Especially in the past week, because the media is reporting on financial fraud, Netyi's stock on the NASDAQ has fallen by a pitiful number.
Even, Ding Lei is very worried that Wangyi's stock will fall below one dollar. This is not impossible, after all, the entire market is plummeting, and Wangyi is involved in the whirlpool of scandals and dies by himself.
Ding Lei knows that as long as Wangyi's stock falls below one dollar, it will be the biggest disaster for Wangyi.
If the NASDAQ announces a suspension again, this is equivalent to taking away the only life-saving straw for those who fell into the water!
Now internal and external troubles have made Ding Lei a person who is about to collapse mentally.
Wangyi's existing operating products simply can't make Wangyi suddenly walk out of a new way.
Ding Lei's only project is "Journey to the West", which is secretly developed by Wangyi.
"Legend of Blood", which became popular not long ago, people with sources know that this game has been operating for a month, and its turnover has exceeded 100 million yuan.
This is a real cash account, an absolute profiteering product.
This has given birth to Ding Lei's eagerness to make a portal to Netbillion, and switch to operating online games.
According to the plan arranged earlier, Wu Yufu of the R&D Department also made a military order for "Journey to the West", which was originally scheduled for public beta testing in February next year.
Now, encountering the incident of being exposed to financial fraud, Ding Lei has no choice but to force Wu Yufu from the game development department again.
He asked Wu Yufu to tell him now that "Journey to the West" will be open beta tomorrow.
Only in this way can Wangyi turn from the predicament to safety.
Ding Lei can't afford to wait!
If it goes on like this, Wangyi will have to play sooner or later, and he will be an entrepreneurial failure at that time.
…….
Wangyi was named by the NASDAQ official news, and it was reported for the first time in China.
Online media, regular newspaper media.
The headline on the front page is that the listed company Netyi was named by the NASDAQ stock market regulator for serious fraud.
For a while, the media was in an uproar and spit on NetEase, saying that it was very difficult to explain the real income of NetEase in the four quarters of the financial statements, and said that it was at risk of being suspended from trading. And the phenomenon of the short and immature start of the Chinese Internet has become a chaotic period of the Internet.
Wangyi's financial problems were analyzed by Xiao Ping, an expert in the financial field.
Now, Wangyi has been disrupted by the sudden blockbuster revelations, which has disrupted the overall operation plan of Wangyi. even put Wangyi in a dying dilemma.
Next, Chen Chuliang didn't mind beating the water dogs, so that Wangyi couldn't play at all, and even disappeared in the Internet industry.
Although Wangyi is a large listed company with a market value of hundreds of millions of dollars, under the headwinds of the Internet bubble economy, any bit of wind can make this camel fall.
The key is how to put the last straw that overwhelms the body.
Of course, this straw has long been held in Chen Chuliang's hands, and he is ready to throw it to Wang Yi at a critical moment, which makes Ding Lei completely desperate.
Now, it is the most appropriate time, when Wangyi may be suspended on the NASDAQ at any time, and when Wangyi is completely unable to turn over.
The timing has been chosen, and the corresponding arrangements have been made, Chen Chuliang is already waiting for the time to overwhelm the camel of Wang Yi.
……
As the head of the R&D department of Wangyi Games.
Wu Yufu, who is only in his thirties, can already see the white hair on his head recently.
The military order set up the public beta "Journey to the West" in February next year, but the boss Ding Lei asked the game department to make "Journey to the West" open beta on January 1 next year.
It's not rushing the schedule, it's ruining the original Chinese game with good content.
For the boss's request, Wu Yufu refuted it uselessly, and it was useless to say all kinds of difficulties, he had thought about resigning and not doing it, but Wangyi would not let him go.
After all, he has all the core information of "Journey to the West", and if he leaves at this time, Ding Lei may tear him apart.
Wu Yufu had no choice but to grit his teeth and take the team members to take a break 24 hours a day, regardless of the quality and user experience of the game, as well as the balance of the game content.
In short, first meet Boss Ding's requirements, and then he also decided to leave immediately when his contract with Wangyi expires, because Ding Lei is not a good owner who can calm down.
……
Early December!
At this time, Wangyi's stock fell below the era of two dollars! Since its listing, Wangyi's assets have shrunk by 80 percent. The jumping plunge of 100 million shares has made netizens see what the real Internet bubble economy is.
A week later!
Because the news of financial fraud continues to ferment, Wangyi's stock officially fell below one dollar!
This makes Wangyi the only listed large company among the three Internet companies listed on the NASDAQ in China that has fallen below the price of cabbage in a very short period of time.
Wangyi has also shrunk nearly tenfold from a large company with a market value of $500 million to a listed company with a market value of $50 million.
Wangyi is struggling to support, and according to the news media's chasing after the wind, Wangyi's financial report has allowed the Nasdaq stock market to find evidence of fraud, and it may accept the judgment of stopping trading at any time.
Mid-December!
Wangyi's stock fell to $0.48 a share, a 97% decline, and its market capitalization fell from nearly $500 million at the time of listing to less than $20 million.
At the same time, the NASDAQ stock market announced the suspension of the trading of Wangyi's shares. It was also revealed that NetEase's 2000 financial statements had a 52% decrease in real revenue compared with the previous report to the NASDAQ, and only $4 million (previously $8.3 million) was a fraudulent fact.
For a time, Wangyi seemed to be on the verge of being delisted!