Chapter 243: Shorting, Bankruptcy

"Is this the Jombi Exchange......

It's the first time Pete has come to the Jombi Exchange.

Maybe it was because he had plotted against Novia before, which made him a little weak and afraid of retaliation. So even when the company was listed, he never came to the Qiongbi Exchange.

But now after all, it's about money, and Novia shouldn't know that he hates the other party, so he doesn't feel like he needs to be so afraid.

"Yes, this is the Jumbi Exchange."

Grace next to her nodded with a calm face.

After the two entered, Grace took Pete upstairs with ease.

"Hello two, can I ask for any help?"

"We have an appointment, yes ......"

Grace reported her name.

These companies that specialize in stock trading have long-term offices on the exchange.

"Okay, please follow me."

The two of them came to a small hall, and in addition to the two of them, other people also came to consult, and it seemed that the business was very busy.

This also made Count Pete relax a lot, after all, it was a business he had never heard of, and if he was the first to eat crabs, then he would be somewhat cowardly. But if someone else is already doing it, then he is a lot more relieved.

Soon, it was the turn of the two.

After explaining his intentions, the staff spoke very intimately.

"Sir, we have two options for you to choose from, one is that you take the stock as collateral and we lend you money. The other is that you can use our platform to rent out the shares, and you can earn interest......

"I'll choose the first one."

Pete spoke immediately.

Grace had told him both methods before.

The first is a mortgage, which is suitable for situations where money is urgently needed, such as now.

The second is that someone wants to borrow his company's shares and then pay a certain amount of interest, which he and the stock company can earn.

"Sir, I have to warn you that your company's rating is not very high at the moment, so you don't have a lot of money to borrow, and you're at risk of losing money...... Are you sure you want to lease your shares?"

The staff reminded.

"I know that. I'm sure."

Pete didn't care much about these things.

He firmly believes that his company's stock price can increase, and he will definitely not lose money.

"Okay sir, please take a look at the contract first, our evaluation team is evaluating ......."

About half an hour later, the stock company gave the price.

Pete has a total of 600,000 shares of Alamarine Company, and the current market price is twenty-five dollars, which is worth a total of 15 million.

In the current situation of Alaa Ocean, he can borrow 20 percent of the total price in cash, which is 3 million. The annual interest rate is a little lower than that of a bank loan. Of course, the time limit for borrowing money is relatively short, and it will be repaid after a maximum of three months.

Three million, enough for two months of Allah Ocean's use.

People in the world are forgetful, and two months is enough time to forget many things. At that time, the rumors would be self-defeating, and the stock price of Alaa Marine rose again.

However, Pete was a little dissatisfied, three million could only be used for a little more than two months, and if he could borrow four million, it would be used for three months.

Anyway, the interest rate is lower than that of the bank, so you still have to borrow more if you can borrow more.

So, instead of signing the contract, Pete made a phone call with the other shareholders.

Tell them that if you want them to be loaned out of the stock as well, you need to make some money first. The other shareholders have a total of 20 percent of the shares, or 200,000 shares, and can borrow 1 million.

The shareholders were a little tempted, if the company had an extra four million cash in its account, then there would be no need to be afraid to do many things for the time being.

Pitt said this method, they also knew before, but they went to the bank to mortgage the stocks, and now in this case, the bank does not accept it.

Unexpectedly, this stock company actually collected mortgages. Although only borrowed

Twenty percent of the total value, but that's not bad either.

After discussion, they also temporarily handed over the proxy of the stock to Earl Pete.

Pete took out the 800,000 shares as a mortgage.

A total of 4 million cash loans were made.

Seeing the cash arrive in the account, Pete was very happy.

The cash in his hand now is only more than 10 million, and he is definitely not willing to use his own money if he can use a loan.

After getting this money, Ala's Ocean Company seemed to be instantly hardened. I don't know, I thought they had found a new partner to work with.

In addition, there have been fewer rumors in the past two days, so their stock price has slowly begun to recover.

This made the executives and shareholders of Alaa Marine Company full of praise for Count Pete's correct decision.

Pete saw that those annoying rumors were gone, so he ignored them for the time being, and still got the company done first. As long as this difficulty is overcome, it is very possible that the subsequent stocks will rise back to the previous level, or even higher.

While Count Pete was busy, Luo Yin was also busy.

He came to the stock company, and when he saw that it was Luo Yin, the person in charge of the company immediately came out to welcome him.

"Mr. Luo Yin, welcome!"

The two sides were polite, Luo Yin said that he wanted to see the stocks they rented here, and the other party hurriedly showed him the list.

This stock company is not simple, the majority shareholder behind it is a billionaire, and the minority shareholders are some other large companies.

The business acumen of rich people is really extraordinary, and Luo Yin still admires these people very much.

After the stock came out, ordinary people may be thinking about speculating in the stock. Ordinary people are thinking about making the company public. And those powerful people are thinking about setting up a stock company.

This stock company is different from the stock exchange, it is the prototype of a securities company, but now there are only stocks, so it is called a stock company.

A stock company is like a middleman, buying and selling stocks for others and providing services for leasing shares.

After all, there are only two exchanges in the country, and it is impossible for some outsiders to stay here all the time. And it's a hassle to get someone else to help, so it's nice to have a middleman.

They only need to charge some handling fees, and they can let you control it remotely. This is undoubtedly very convenient for those who have money but do not have time.

Luo Yin came this time, naturally, not to find a middleman to buy stocks, but to borrow stocks.

After seeing the name of Ala Ocean Company on the list, Luo Yin had a smile on his face, especially after seeing that the other party actually took out 80% of the shares for rent, Luo Yin was even more happy in his heart.

The principle of leasing shares is very simple, that is, someone thinks that a certain stock will fall, so they pay a deposit to the stock company and then borrow the stock.

After borrowing it, I sold it and waited for the stock to fall.

After the fall, buy the stock back at a low price and return it to them, and make this difference.

And if the stock price rises, then the money will be deducted from the margin, and as long as the money is deducted, the stock will be forcibly withdrawn.

Of course, whether it goes up or down, Luo Yin has to pay a handling fee. This fee is where the stock company makes money. Whether it goes up or down, they earn this fee.

"Mr. Luo Yin has taken a fancy to that stock?"

Luo Yin glanced at it, and then pointed to Allah Ocean Company and said.

"I'm more interested in this, I don't know how much margin is needed?"

The person in charge is not surprised, the current state of Ala's Ocean Company is not very good, and after they rent out the shares, someone will definitely buy them.

It's just that the person in charge didn't expect Luo Yin's speed to be so fast, and as soon as the people from Ala Ocean Company left, he came on the back foot.

"Mr. Luo Yin, according to the current stock price, the total number of shares of Ala Ocean Company is 800,000 shares, worth 20 million. Our margin is 100% of the stock price, which means you need to pay 20 million margin."

The person in charge explained.

"No problem."

It's only 20 million, and Luo Yin quickly transferred the money.

The 800,000 shares of Ala Ocean Company were transferred to Luo Yin's account.

Luo Yin didn't say a word, and directly sold it on the market.

Recently, there has been a lot less negative news about Ala Ocean Company, and the stock price has strengthened a little, but after letting Luo Yin put so many shares into the market, it still inevitably caused a fall.

But this doesn't matter to Luo Yin.

……

Nujiang City, which has been quiet for a long time, suddenly came out with a lot of gossip.

It's all about the scandal of Count Pete.

The people who eat melons suddenly became energetic.

They were discussing it enthusiastically before, but the news was suddenly gone, which made people very unhappy.

Now the news has reappeared, and it is even more exciting, and everyone is hooked!

Allah Marine Company.

Bang!

Count Pete slapped him on the solid wood table, shaking his hand painfully.

But in front of his subordinates, he held back.

"What the hell is going on, didn't you say that everything was settled, why is there so much news that is not good for me!"

The subordinates were a little embarrassed.

In the past two days, the rumors have slowly disappeared, although they don't know what's going on, but at this time, they must ask for credit! So he said that it was his own efforts that made the rumors disappear.

Although Pete doesn't fully believe it, these people did work hard, and anyway, the matter has been resolved, so it is okay to give them this part of the credit.

But it's only been quiet for a few days, and the rumors are coming again!

And even more odious than last time.

What to strengthen young girls, torture and killing***, forcing subordinate wives and so on.

Seventy percent of this is slander!

Even if it's crooked, there's no evidence! But why are the people talking about him every day!

Pete was unconvinced.

Then the next day, he took it.

People really have proof!

When evidence of her strong young daughter and forced the wives of her subordinates spread all over the streets, Pete panicked.

Although because he was a nobleman, these things did not condemn him. But it made his reputation completely ruined!

"I'm wronged, that young girl was sold to me as a slave by her father, and that subordinate's wife deliberately seduced me, and it wasn't my initiative!"

On a public occasion, he was annoyed by reporters, and he said this.

Wow –

Everyone was in an uproar, although it was said that this was already a real hammer with evidence, but his personal admission was still a little exciting.

Pete knew he had said the wrong thing and hurried away.

On the same day, the stock of Allah Marine continued to fall.

Pete, who returned home, was very angry, and in the face of his lover's request, he directly and ruthlessly refused.

Grace was very kind to cook for him and cooked him some de-fire soup, which made Count Pete feel much better.

Or is his wife considerate! This governess lover, like a disgruntled machine, is pregnant, and keeps asking for it.

Next.

Pete was too lazy to go to the company and didn't even answer any calls.

He just wants to rest and spend time at home with his family.

And this made him realize that his wife was good. His wife, Grace, never asks him about work, but only pours tea and water for him.

And the lover is different, he keeps asking this and that, seemingly caring about him, but in fact he is very upset.

Pete suddenly felt that this lover seemed to be nothing but freshness, and now the novelty was gone.

The wife, who is not noisy or noisy, is now more and more pleasing to the eye.

Pete almost wanted to drive his lover away and live a good life with his wife, but after thinking about it, he still had his child in his belly.

But in his heart, Pete felt more and more guilty about Grace, and he decided

I'm going to look back and find a chance to compensate her.

Another day passed.

Count Pete, who had already had a day off, decided to go to the company today.

Although he had been prepared, after seeing the current situation, it still made his head big for a while.

There is more and more negative news about himself!

And this time the scope is wider, it's not just about character, but about his violation of the law.

Rumors of tax evasion, hostile takeovers, and cheating money have come out.

If the previous negative rumors were to lower his personal reputation, which led to the distrust of the public in his company.

Now these rumors are making the public directly distrust his company, and he is omitted.

But that's not a good thing!

The most obvious reaction is in the stock market.

The stock price of Alamarine has plummeted again!

"Sue those newspapers!"

Count Pete said with an embarrassed face.

Although these negative news were not fabricated by the newspapers, they did relay them. Pete couldn't find anyone to relay the news for the time being, so he could only take the newspaper to vent his anger.

The newspaper was very polite, but refused to retract the article.

Pete was a little skeptical that the newspaper had done it, but when he thought about it, it was impossible.

Because most of these messages are fake, but there is truth mixed in the middle!

If the newspaper really knew, then they would have broken out a long time ago, so why wait until now.

Seeing that in just a few days, the stock price fell from twenty-four to thirteen yuan, and Pete really wanted to cry without tears.

The other shareholders even wanted to sell their shares and withdraw.

But at first glance, the stock is not in their hands now, but lent out, which makes everyone vomit blood!

When I lent it out, it was twenty-five yuan, but now if people pay it back, it will be thirteen yuan, and the blood loss is twelve yuan!

And the longer it drags on, the lower the price estimates!

This made everyone scold Pete in their hearts.

Pete was also helpless, because he also borrowed it!

However, it is impossible for stocks to only fall and not rise, as long as he keeps the stocks and does not sell, sooner or later they will rise back! As long as he doesn't sell, then he doesn't lose.

It's just that this opportunity can't seem to wait for me.

On this day, someone suddenly came to Allah Ocean Company, saying that it was the kingdom's tax and that he was coming to check the accounts.

Pete was a little confused, those outside were all rumors!

How can you believe it?

Pete was tempted to pry open their brains to see if there was water inside.

But people don't care about that. Straight to the start of the investigation.

At the same time, many of their company's goods have also been sealed, not permanently, but for a few days. However, after these news were reflected in the stock market, it made shareholders unoptimistic for a while.

I watched the stock of Alamarine Company have been falling, and although most people are selling, there are also some people who want to pick up a miss. So I bought some stocks.

But looking at the current situation, Ala Marine Company has been seized, and this is still a hammer! Hurry up and throw it!

The folks at Allah Marine are overwhelmed.

Earl Pete is cooperating with the tax department's investigation with a black face.

In terms of accounting, Earl Pitt has found professionals, and it is impossible to find anything like this kind of audit.

The fact is also that these people searched for two days and found nothing.

However, just when Earl Pete thought that the matter had been revealed for the time being, suddenly an anonymous document was delivered to the tax collector.

It is the tax evasion of the Allah Ocean Company.

Pete is stupid, where did they get this important evidence!

To be honest, there are really not many tax evasions in Pitt, but some other gray incomes are more.

But the problem is that if you steal tax evasion, you will steal it, but you can't talk about it on the surface.

As long as you take it out, don't care how much you steal or how little you steal, then the problem is serious!

As for the aspect of taxation, the domestic control is still relatively strict, and not only must be made up for if it is caught, but also severely punished.

Of course, it's still the same sentence, Pete himself is an earl, and this identity is a bit like a gold medal for avoiding death, and it is not so simple to punish him by law.

Even these real things can't convict him of a felony, or he can be convicted, but he can drag it all the time, or even for a lifetime, so it's no different from not being convicted.

But the current situation is that he himself is fine, but the company is finished!

Being so by the tax officer, the company's stock price has fallen to a dollar!

Pete was so angry that he vomited blood.

And what made him vomit blood even more was that the stock company returned his stock at this time.

When they lent out 800,000 shares, they were worth 20 million. Now after people have exchanged it back, it is worth 800,000 ......

The person or force who rented his stock made 19 million!

Pete suddenly thought, could it be the person who rented his stock who is behind the ghost?

But it doesn't seem right, because this rumor started a long time ago, but he didn't care. And his desire to lease out his shares is a recent thing, and this time is not right......

Pete almost wanted to sell the company.

However, he knows that the company is the foundation of his survival, even if the stock price falls to a dollar, he can't sell it!

The other shareholders are also thinking this way.

Because they're not a concept company, they're an industrial company.

Don't look at the stock falling to a dollar, the market value seems to have fallen to a million. But because they have a lot of businesses, if they sell the company, they will definitely not sell it at the price of shares.

Relying on these industries, they still have a chance to make a comeback, although it may take a lot of time, but at this time, they don't care when it is not time.

As long as the stocks in their hands are not sold, even if they fall by a dollar, they will not lose!

After forcibly comforting themselves, everyone hadn't discussed what to do, and suddenly, all the major banks were going to ask for accounts!

As a business, there are very few people who don't take out loans.

Naturally, Allah Marine Company took out a loan, and the loan was quite a lot.

Originally, this was no problem, although the company has had some problems recently, but it can still be profitable.

But now that the stock has fallen like this, no one thinks that the company can still be profitable, and the banks naturally think so.

So the banks came to collect the debt.

Pete's face is ugly, Ala's Ocean Company has expanded several times before, and owes a total of more than 30 million loans to several banks!

Originally, it was going to be paid back slowly in the future, but now in this situation, how can it be returned?

Pete wants to go through the relationship and see if he can slow down first. But at this time, it was useless for him to brush his face.

The bank looks iron-faced and selfless, and it is a matter of its own interests, and it is difficult for anyone to speak.

Now they have two options: either pay the money out of their own pockets, or let the company go bankrupt and sell its assets to pay off the debt.

Pete discussed with the shareholders, and their faces were ugly.

More than 30 million, they can't take it out!

Moreover, the company's shares are completely worthless, and there are still so many foreign debts...... Even if they have money and can pay it back, for themselves, it's still a blood loss!

It's better to keep some money in your own hands and go bankrupt. Anyway, there have been a lot of overseas markets recently, so it's a big deal to change industries......

As a result, Pete and the shareholders had no choice but to declare the company bankrupt. The money owed to the bank is made up with the company's valuable things.

Although the company's shares are worthless now, some fixed assets are still very valuable, and these assets were originally expanded by loans, and now they are equivalent to being repaid at a discount.

After the bankruptcy was declared, the company was mortgaged to major banks and began to be split and auctioned.

It's just that some things from Allah Ocean Company didn't enter the auction house at all, and they were directly bought by a company called Iris.

Several governors tacitly did not speak and blocked the news. The incident went unnoticed by anyone.

Pete and the shareholders parted, and like a down-and-out aristocrat, he drove home in disheartenedness.

After so many years of operation, Allah Marine Company is a complete failure.

Although he has other industries, most of those industries are of a playful nature, and all of them are not as good as one-tenth of Ala Ocean Company.

He lost his biggest economic pillar.

Pete wasn't as wealthy as an old aristocratic family like Novia, and he had to think about new ways to make money, otherwise he couldn't afford the huge expense of maintaining his aristocratic status.

But when he returned to the door of the big villa, he thought that there was a virtuous wife at home who was cooking for him, and he suddenly felt that it was not a big deal.

After sorting out his emotions, a smiling Pete enters the villa.

"Grace ......"

He habitually shouted, but received no response, the hall was silent, and there was no sound in the kitchen.

He went upstairs again, looked around, but there was no sign of Grace, and the room was empty.

It's as if Grace never came.

Pete suddenly felt a little chill in his body, and he inexplicably thought of his various scandals that were hammered...... Could it be her?