The collapse of the official exchange rate of the ruble on August 18 reminded the people of the experience of the ruble when the Soviet Union collapsed last December, when it almost turned into waste paper, and a rush of buying broke out on the streets. small says .

On this day, Jia Lei ushered in many people who took stocks and exchanged them for dollars, and Jia Lei was particularly generous and did not refuse to come, so that all the workers could exchange stocks for dollars.

"How many shares did you receive today?" asked Director Gaildowski when he approached Jia Lei.

"Time was so tight that only five percent of the shares were received today. Jia Lei said.

"I've now set up a foundation, and most of the management who followed me have invested in the shares, and I've now received 12 percent of the shares in the steel mill. Said Director Gaildowski.

"The two of us add up to only 17 percent, and as far as I know, the management gets a total of 20 percent of the shares, what's going on with the rest of the people?" Jia Lei asked with a frown.

"They're my adversaries, and one of them is trying to take control of the factory away from me, hehe! he's dreaming!" said Director Gairdsky, sneering.

"Leave that group of people to me, and I'll see if I can buy the stocks in their hands!" Jia Lei said.

"That person is not easy to deal with, and it is impossible for you to buy stocks from him! Said Director Gaildowski.

"If you don't try, how do you know I can't do it?" Jia Lei said with a smile.

That night, Jia Lei went to find the opponents of the director of the Geldarsky factory, and the other party was stunned when he saw Jia Lei.

"I'm here to buy the stocks in your hands, can I make a price?" Jia Lei said bluntly.

"What do you mean by that?" asked Illon, who was the rival of Director Gaildowski.

"I'm very interested in your factory, so I want to buy your stocks, that's what it means!" Jia Lei said.

"We're not going to sell you your stock, you Girdasky's lackey!" said a director who stood up and pointed at Jia Lei.

"Please be respectful of my boss!" said Kerr as he went up and pushed the man back into his seat.

"The other party is still a child, you must not be unreasonable! We Chelyabinsk men have no tradition of bullying children. Immorton stood up and said to the person who was scolding Jia Lei.

"I'll pay $800,000 to buy 8% of your shares, do you sell or not?" Jia Lei continued to ask, as if he hadn't heard the scolding below.

Then Boer followed Jia Lei's instructions and opened the box they brought, and the full box was full of dollars.

"Oh my God! That's a lot of dollars. Several people in the room shouted.

"Are you kidding, is an eight-percent stake in such a large factory worth only $800,000?" Eloton asked with a sneer.

"Then how about I add another million dollars?" asked Jia Lei, and Boer took out another box and opened it and put it on the table.

"I think we can think about it!" said one executive, after all, it is impossible to be tempted by so many dollars in front of you.

"We don't sell! Once we lose the stock, we're going to be removed from the management of the factory!" Mr. Imockton said firmly.

"Who says you can't be left out of management if you don't have stocks? I can't manage a big factory by myself, right? So if you're willing to sell stocks, I'll consider letting some of you stay." Jia Lei said.

As soon as these words came out, the scene immediately resounded with a buzzing conversation, compared with the group of people who were tied together by the director of the Geldarsky factory with interests, this group of so-called people who got together for the sake of ideals actually did not have the same heart.

Some people came here to join in the fun, and some had to join the Echoton simply because they had offended the factory director.

Jia Lei saw that the people below had begun to feel a little moved, and immediately took another dose of fierce medicine.

"I know you want to have a say in the factory with the stock in your hand, but have you ever thought about it? All the shares in your hands add up to only 8 percent of the total shares in the steel plant, and the remaining 50 percent of the shares are going to be auctioned? I have enough money to go to the auction and buy all the remaining shares, but you don't! At that time, I will still have the final say in this factory, and then the stock will not be worth so much money to me. Jia Lei said with a smile.

"I don't believe that the price of the stock is not so low that the price of the stock is low. Immockton said.

"Let me remind you that stocks can bring not only dividends and rights, but also liabilities! As you know about the current situation in country E, all seven or eight iron and steel enterprises in the Chelyabinsk region are losing money, including your steel plant. When the shareholding reform is completely completed, the enterprises will be responsible for their own profits and losses, and then these debts will fall on the heads of you, the shareholders. Jia Lei said.

"Is this true?" asked a person in management.

"It's true! Not only the debts, but also the workers' salaries will be paid by us...... "Kim Napova, the secretary of the securities department, said.

The securities department is a new department established this year in order to carry out the shareholding system reform in a Russian enterprise, and the people in this department are almost the people who know the most about the joint-stock system and stocks in the entire factory.

"The monthly salary of 300,000 people is 1.8 billion rubles, where are we going to get so much money?" the others immediately discussed.

"We're going to make this factory better in the future! Whoever buys this factory in the future will be better than Gerdarsky, because he doesn't know how to produce at all. Geldarski is nothing more than a villain who likes to play politics and office fights!" Ihairton said in a firm tone.

"Well, I respect your choice, but I still want to consult the opinions of others, after all, everyone is an individual by law, and they have the right to express their opinions. Jia Lei said with a smile, and the people in the room began to discuss again after hearing this.

"Is there really no one of you willing to sell shares? As far as I know, there are already going to be privatization securities, and by then I can buy a large number of privatization securities, and then use them to subscribe for shares in the steel mills. Jia Lei said.

"I'll sell!" said an old man with two young men.

"Deputy Director, what are you doing?" asked Immockton in surprise.

"I am the deputy director of the factory sent by the former Soviet Union, no matter who buys this factory, I will not let me continue to stay, I might as well sell the stock in the factory for some dollars to live. The deputy director said.

"Is this really a wise decision?May I ask how many stocks do you have?" Jia Lei asked kindly.

"My son, my relatives, and my son-in-law and I have a combined 1 percent stake in this steel mill, and we can give it all to you! But I want $200,000. The deputy director said.

"$200,000?............ Okay, let's sign the contract today, and I'll pay when you bring the stock over. Jia Lei thought about it and nodded.

It's a pity that no one can see Jia Lei's heart, otherwise he will definitely see a Jia Lei who is scolding!

"Damn! I used to hear that the officialdom and class solidification in the former Soviet Union were solidified, but I didn't expect that in such a large steel plant, a deputy director would occupy so many positions in the management with himself and his relatives! One percent of the stock, his relatives and friends should have at least twenty or thirty people as management in the steel plant!" Jia Lei scolded in his heart.

That night, except for the deputy director of the factory, who was not afraid of other people's complaints, sold one percent of Jia Lei's shares, no one else agreed to sell the stocks.

But Jia Lei is not in a hurry, he can afford to wait!

There must be more than one person present, but many people are embarrassed to speak for the sake of face.

*****

August 19, 1992

Yeltsin announced that every Russian born before September 1, 1992, would receive a 10,000 ruble warrant of freely transferable state-owned assets.

Warrants are a substitute for money that workers can use to pay for the notional expenses of the company's stock allocated to them, or to buy the portion of the business that is ready for public auction. Ordinary citizens can also use it to invest in warrant mutual funds, or to trade anything on the street.

Because most people don't know what a warrant is, people directly call it a privatization warrant or a privatization certificate.

*****

August 19th

"Come on, should we get a new sign?" Jia Lei said immediately after listening to the president's speech, and the others hurriedly brought in the blackboard hanging at the door.

"You just wrote on it that because the warrants were about to be issued and the ruble exchange rate continued to depreciate, the purchase price of our shares was reduced to $3.9 per share. Jia Lei said.

"Jia Lei, don't you want to buy stocks from other management? At this time, if you don't increase the price of the stock, how can you still reduce the price? Not many people sell four dollars a share, and now that you have dropped to $3.9 a share, will anyone really sell it?" Hong Chen asked puzzled.

"Of course some people have sold! Some people always think that the stock in their hand is a treasure, and when I buy it for $4, they think the stock should be worth $4.5. If I do raise the price to $4.5 per share, they think the stock is definitely worth $5. The higher you raise the price, the tighter they hold the stock. Because they're looking forward to the next higher price!" Jia explained.

"Oh my God, there are people who don't sell when the stock goes up, but wait until the stock falls! Are these people stupider than me?" Dasha asked, touching his head.

"They're not stupid, they're just too greedy! I'm not going to make such a low-level mistake anyway. If I drop the price of the shares I bought today, there will definitely be a lot of people who will come to sell the stocks!" Jia Lei said with certainty.

Sure enough, as Jia Lei expected, when the women who came to the supermarket to shop returned with the latest news, many workers immediately took the stocks issued to Jia Lei to exchange for dollars or goods.

"Let's hurry up, in case the supermarket owner's dollar is gone, it will be trouble!" said Gevvita, holding the stock.

"Oh, are we late? There are already so many people lined up at the entrance of the supermarket, I'm afraid there will be no dollars in it by the time it's our turn!" said Gevvita's colleague regretfully as he looked at the long line.

"Yes, every time I go to the bank to change dollars, there are only half the people in line here, and when it is my turn, there are no dollars. Another person also said.

As soon as this sentence came out, the people in the back of the queue immediately became anxious, and everyone began to squeeze forward desperately.

"Don't crowd everyone, I guarantee that everyone who wants to sell stocks will get dollars! I have enough dollars here for everyone to exchange!" Jia Lei shouted standing on the table.

Then Jia Lei asked Dasha to move out $100,000 and put it on the table at the door, and Kerr and Boer took out their guns and stood by the table.

Seeing the money, the group finally put their minds at ease, although they couldn't see the scene in the house, as long as the dollars on the table were still there, it meant that the boss still had dollars in the house to buy them for stocks.

There were a lot of people who came to exchange stocks for dollars that night, and Jia Lei and the others simply let everyone start work overnight, and all those who came to exchange stocks could finally get dollars or commodities.

"Whew, I'm tired! Tell me something, I'm going back to sleep when I'm done." Jia Lei said impatiently to the person in front of him.

It's already three o'clock in the middle of the night, and he's sleepy!

"I want to sell you my shares? Can you buy them at yesterday's price?" asked a steel plant manager.

"Yes, the price I gave you yesterday was higher than the market, and now that you take the initiative to come to me, I will still give you a higher price than the outside." Jia Lei nodded and said.

"This is my stock, you order!" the manager said, pulling out hundreds of stocks from his bosom,

The state issues shares to the leadership of the steel mills according to the level of leadership, and a manager of his level gets 500 shares.

"Daddy Farr, you bring us the stock transfer contract we have finalized. Jia Lei shouted, and Farr immediately walked over with the contract.

"Can I make one more request before I sell the stock?" the manager whispered.

"What else do you want to say, let me hear it first, and then I can give you an answer. Jia Lei said.

"I don't want Illton to know that I secretly sold the stock behind his back, do you think I can stay in the factory for a while after I sell the stock?" the manager asked.

"Yes! Once I take over the factory, I promise to keep you here for another year, but your position may change in the meantime. Jia Lei said.

"That's okay! I don't have a problem with any position, as long as you can keep me in the factory. The manager hurriedly said.

"If you work hard in the future, you can stay forever. Jia Lei assured him.

Neither Jia Lei nor Director Geldarsky would let the former Soviet managers continue to manage the factory.

Otherwise, this factory will lose money every year like the original!

That night, the management of several factories secretly came to Jia Lei for stock trading, and Jia Lei also negotiated the same conditions with them.

In this way, the sale of shares began secretly, and both buyers and sellers were satisfied with the transaction price!

****

Since the ruble fell below the 1:200 floor against the dollar, the ruble exchange rate began its plummeting path, and prices in Russia began to rise sharply.

The increase in prices has reached 15%~20% per day, which is enough to define inflation!

On August 27, the official exchange rate of the ruble against the dollar fell to 176 rubles per dollar, and the black market rate fell to 210 rubles per dollar.

On this day, Jia Lei lowered the purchase price of the steel plant's stock to $3.8 per share, and suddenly more people came to sell the stock.

On August 28, just one day later, the official exchange rate of the ruble fell to 205 rubles per dollar, and on the black market to 230 rubles per dollar.

At the end of August, Jia Lei got his wish to acquire more than 30% of the shares of the steel plant, plus the 15% of the shares collected by the director of the factory, and the two of them were only one step away from getting a controlling stake in the steel plant.