Chapter 108 Petroleum Futures

On September 2, the first day of sales of the cube machine came out.

450,000 units in North America, 300,000 units in island countries, 160,000 units in Europe, and 30,000 units in Xiangjiang. Worldwide, combined, more than one million units and more than two million game cartridges have been sold.

"Great!"

"Hahaha!"

"We've succeeded again!"

After the data came out, Xingchen Entertainment fell into a sea of joy.

"We're finally fully funded again. Huo Jianning looked at the numbers on the financial statements and couldn't help but sigh.

Hearing this, Wu Ming could only smile and pretend to be stupid haha.

Seeing this, Huo Jianning looked serious and said, "Xiao Ming, what did you do with so many funds, even the company was mortgaged." If I hadn't heard about it by chance from a friend at the bank, I would have been kept in the dark by you. ”

At the beginning of the year, Wu Ming withdrew all the funds of several companies in addition to retaining funds for normal development for a big plan.

even used the Order of the Phoenix, Aihua Electronics, and Xingchen Entertainment as collateral to borrow $500 million.

At that time, the Order of the Phoenix and Star Entertainment had risen to the occasion, making tens of millions of dollars a month. In addition, there are also Wu Ming's father's Dole toys on the side to help.

Naturally, the banks were very willing to give him loans, not worried that he would not be able to pay the money.

And this matter, Huo Jianning didn't find out that something was wrong until a while ago.

Because there is always a large amount of money lost in the company inexplicably, I found out after asking the finance department that it was Wu Ming who took it away.

At first, Huo Jianning didn't take it seriously, he just thought that Wu Ming wanted this money to be useful.

It wasn't until a few days ago that he chatted with a friend at Standard Chartered Bank that he learned that Wu Ming had borrowed a full $500 million from various banks. Now he is finally going to attack Wu Ming.

"Xiao Ming, as the president of the company, I want to know where the company's funds are going?" Huo Jianning asked.

Wu Ming pondered for a while, sighed, and said, "Since Uncle Jianning wants to know, I'll tell you!"

Wu Ming looked directly at Huo Jianning and said word by word: "Stone-oil-future-goods." ”

Huo Jianning was suddenly shocked, and said loudly: "What? You went to speculate in oil futures?!"

As we all know, as a kind of bulk investment commodity category, oil futures have a high return on investment, and at the same time, investors bear a lot of risk in the market. If you are not careful, all the investment will be lost. It's no wonder that Huo Jianning's reaction was so big.

Seeing Huo Jianning's expression, Wu Ming was not surprised.

Even with the current Star Entertainment, it will take a year to make a profit of $500 million.

If the $500 million loan goes wrong, in the next year, Xingchen Entertainment will have to work for those banks for nothing.

If it weren't for the 100% certainty, Wu Ming wouldn't dare to touch such a high-risk thing as oil futures.

Wu Ming nodded and affirmed: "Yes, I invested all the $500 million loan into the oil futures market, and then I also transferred $200 million from various companies to invest in oil futures." ”

Huo Jianning said angrily: "What, so much. How can you speculate in oil futures, is that kind of thing that you can play with as a child?!"

Wu Ming raised his eyebrows and retorted, "But I've already earned more than $900 million." ”

"What?!"

Huo Jianning was stunned when he heard this.

It took a while for Huo Jianning to come back to his senses and ask in disbelief, "You earned more than $900 million?"

More than 900 million US dollars, which is equivalent to a year and a half of Xingchen Entertainment's current profits.

Wu Ming nodded affirmatively and said firmly: "It's 900 million US dollars." ”

Huo Jianning suddenly gasped and stammered, "How did you make so much money?"

Wu Ming smiled slightly and said, "It seems that Uncle Jianning doesn't know much about the current situation of oil futures, otherwise you wouldn't have asked like this." The reason why I speculate in oil futures is that I am very sure. ”

After the successful Iranian revolution in the Middle East last year, oil exports were stopped for 60 days, leaving the oil market with a daily shortage of 5 million barrels of oil, accounting for about one-tenth of the world's total consumption, and oil prices rose sharply. Later, it was in constant conflict with Iraq, another local power, and war could break out at any time.

At the same time, there is a split within OPEC, the Organization of the Petroleum Exporting Countries. Major exporting countries have taken turns to raise the official price of oil, adding fuel to the fire.

"The price of oil has risen from $13 per barrel at the beginning of last year to $35 now, which is nearly twofold!"

"So many?" Huo Jianning exclaimed.

Wu Ming smiled: "And it is still growing, and it will increase a lot after the outbreak of war." I entered the market at $30 per barrel, and I only used 10 times leverage because I was worried about the risk. Compared to those big speculators, $900 million is actually not much. ”

Huo Jianning was silent, he didn't expect Wu Ming to be so capable and make so much money by speculating in oil futures.

However, Huo Jianning was still a little uneasy, and persuaded: "Xiao Ming, the oil futures market is too risky after all, so you better stop it as soon as possible." If something happens, the $900 million will be lost all at once. ”

"I also know that investing in oil futures is very risky, so I am not prepared to get involved for a long time. This time it's also because of the rare opportunity, so I can't help but go in and get a handful. ”

Wu Ming nodded and said, "As long as Iran and Iraq fight, and the price of oil rises on the Internet, I will stop." I have already received news from the United States that at most next month, war will break out. So in a few days I'll go to the United States and wrap things up. ”

Wu Ming's news naturally did not come from the United States, but from the website in his previous life. How could the intelligence network of the United States reveal information to outsiders so easily.

Hearing Wu Ming say this, Huo Jianning also breathed a sigh of relief.

Then he said seriously: "Xiao Ming, this time the matter is over." But don't take it as an example, if there is anything in the future, you must let me know in advance. ”

Hearing this, Wu Ming showed a hint of apology on his face, and said with a straight face: "Uncle Jianning, don't worry, I will definitely not make my own decisions next time." ”

This time, Wu Ming was afraid that his actions would be stopped, so he acted privately.

500 million US dollars is not a small amount, and when the news is revealed, let alone Huo Jianning, his parents will be the first to jump out and express their opposition. When the time comes, he can't go his own way in the face of so many people's opposition! Therefore, it is the best choice to hide from everyone and act alone.

With this success, the next time you convince others, it will naturally be easier, and there is no need to hide more.