I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 123: Win on the battlefield, then negotiate at the negotiation table
Chen Xi came to Yang Chen's office with a smile and said, "Boss Yang, you are popular again! All major real estate developers have lowered their prices, and netizens think that you have brought down the housing prices. Everyone is thanking you."

Yang Chen said helplessly: "These people are such idiots, can't they find an excuse to give them a discount? Do they have to directly lower the price? Just wait and see, someone will come out and ask them not to lower the price soon."

"Why? Houses are hard to sell now, why don't you lower the price? If they can be sold at a lower price, wouldn't it be good for everyone?" Chen Xi asked in confusion.

Theoretically, commercial housing should have the attributes of commodities, and its price can go up or down, but because its value is too high, it cannot fall in practice.

The first ones who disagree with the price reduction are the old owners who have already bought the houses, especially the owners who bought the houses first in a community. They will not agree to the developer lowering the price of the houses. At the very least, they will hang banners at the door of the sales office to "protect their rights", complain to the relevant departments, cry miserably, etc. At worst, they will directly smash and destroy the sales office and force the developer to return the houses or refund the price difference.

Secondly, the relevant departments do not want to reduce prices because this means a reduction in fiscal revenue such as taxes.

Therefore, Yang Chen concluded that there would be a notice tomorrow morning that developers would not be allowed to sell houses at a lower price. At most, they would be allowed to increase or reduce the price of second-hand houses according to market demand.

After listening to Yang Chen's analysis, Chen Xi nodded and said, "It seems to be true. I often see on the Internet that owners who bought Phase 1 houses went to the sales office to make trouble because the Phase 2 houses were sold at a reduced price. Fortunately, we did not reduce the price, but distributed dividends to the owners. We will definitely not be ordered to rectify."

Yang Chen smiled and said, “I had anticipated this a long time ago, so I implemented a profit-sharing system instead of directly reducing the price. Only by allowing both old and new owners to enjoy the benefits at the same time, without a nominal price reduction, will everyone be able to have nothing to say. Those idiots who directly reduced the price are simply asking for trouble. Ignore them, get ready for dinner, we still have to work overtime tonight.”

Chen Xi nodded and quickly called the cafeteria to have the food delivered.

Nine p.m.

Yang Chen and the presidents of the five major banks started a video conference.

After some pleasantries, we got down to business.

"ICBC is responsible for operating the Disney Group and Under Armour Group!"

"Agricultural Bank is responsible for operating AT&T Group and New Balance Group!"

"Long Xing is responsible for operating the Microsoft Group and ExxonMobil Group!"

"CCB is responsible for operating Bald Eagle Cable TV and SAP Group!"

"The firm is responsible for operating Carnival Cruise Line and Puma Group!"

ESPN, owned by Disney, and TNT, owned by AT&T, are the broadcasters of the NBA.

Microsoft is a sponsor of the NBA, and Clippers owner Ballmer and Trail Blazers owner Paul Allen are co-founders of the company.

The short selling of Head Eagle Cable is aimed at Knicks owner Dolan, and the short selling of Carnival Cruise Lines is aimed at Heat owner Allison.

Under Armour, Puma, New Balance and ExxonMobil are sponsors of NAB.

The NBA's Chinese sponsors will not short sell, such as Penguin, Mengniu, Xpeng Motors, Kangshoufu, etc.

The traders of each bank took note of the companies they were responsible for, waiting for Yang Chen to issue new operational instructions.

Yang Chen said loudly: "Each bank's traders are divided into two groups, each group is responsible for one stock! Short as much as you can, get to work!"

Traders from various banks immediately got busy, quickly dividing into groups and determining the stocks each group was responsible for, and then began the short-selling process.

These are all professional traders, and Yang Chen does not need to tell them how to operate. Yang Chen can just chat with the five general managers and wait.

Bald Eagle Home.

Powell and the head of the China Securities Regulatory Commission, Gary Cox, are leading their teams in the sixth round of negotiations with the five major banks in China.

Powell said in a very tough tone: "I can tell you very clearly that you must accept the last condition, otherwise those assets will not be unfrozen."

Gallicosile followed up by saying, "We are only targeting your bank accounts. Our securities accounts have not been frozen yet. If you are unwilling to cooperate, I don't mind ordering the freezing of your securities accounts. I hope you can see the reality clearly. It is your wisest choice to meet our requirements."

Powell added: "We are talking to you from a position of strength, and I hope you understand what I mean."

Chen Shihong, the representative of Longguo Bank, said seriously: "I need to remind you two that your family also has many companies investing in Longguo, such as BlackRock, Vanguard, Morgan, Goldman Sachs, etc. If we can't reach an agreement, we will also freeze the assets of these companies in Longguo. Eagle Fed is just a private institution. Although it has the functions of a central bank, you are still a private institution after all. I don't believe that those investment institutions will not hold you responsible if their assets are damaged because of you!"

ICBC representative Li Changrui followed up by saying, "Of course you can freeze our securities accounts, but we can also freeze the accounts of BlackRock and other groups in the Longguo stock market. We just don't want to go that far, but it doesn't mean we can't, or we dare not. If you are willing to talk, we can talk. If you are not willing to talk, then we will each have to see who loses more, you or us."

Zheng Qiangdong, the representative of CCB, said: "We would also like to remind you that if it comes to the point where reconciliation is impossible, we will not stop Yang Chen from taking action. No one can stop the stock price of a company that he wants to short sell. This has been verified many times, and you have all experienced the despair of being shorted by him. I want to emphasize that you are not qualified to negotiate with us from the perspective of strength, and we also hope that you understand what I mean!"

Powell and Gallicos were so angry that they stood up and walked out of the meeting room angrily.

Powell roared in the corridor: "Are they so bold? Huh? Why do they talk to me like that? Fuck!"

Galicosler was relatively calm. He whispered, "We do have many institutions investing in Longguo. That's their confidence. We can get angry and talk about it, but we can't really make the problem serious. If both sides freeze the assets of the investment institutions, those Wall Street institutions will kill us."

Powell fell silent.

At this time, representatives from various banks began to communicate urgently in the conference room.

"Everyone hold on, our families are already supporting us!"

"I have also received news from home. We will persist in completing the short-selling work at home, and we will definitely be able to walk out of this conference room with victory."

"Haha... I'm not afraid at all. We still have a lot of cards to play, but they've already revealed their cards. How are they going to play with us?"

"Ha ha……"

After about half an hour, Powell and Gallicossler brought their team back to the negotiating table.

Galicosle said bluntly: "Listen, we don't want to waste any more time with you. Give us a clear answer now, accept it or not."

Powell followed up by saying: "This is your last chance. Don't make the wrong choice. The consequences will be serious and you can't afford it."

The representatives of the five major banks were very firm and would never accept the last condition. As long as Yang Chen needed it, the five major banks would do their best to provide help.

Powell picked up the ashtray next to him and slammed it on the table, then stood up and was about to leave angrily.

At this time, the secretary rushed in and whispered in Powell's ear: "Something big has happened! These five banks have shorted 10 companies again, and they are all related to the NBA."

Powell pointed at the representatives of the five major banks angrily and said: "How dare you do this? You are bastards!"

Just as Gallicos was about to ask Powell what happened, his secretary rushed in in a panic.

The secretary reported directly: "Mr. Kosler, it's bad. The five major banks have shorted 10 companies again, all of which are related to the NBA!"

Gallicosle angrily shouted at the delegation of the five major banks: "What on earth do you want to do? You are negotiating with us while shorting the stocks of 10 companies. What do you think of us?"

Chen Shihong, the representative of Longguo Bank, leaned back in his chair in a very casual and comfortable manner, and said with a smile: "Because we always believe in one truth: if we can't win on the battlefield, we can't reach an agreement at the negotiation table. If we can win on the battlefield, we can reach an agreement at the negotiation table."

Zheng Qiangdong, the representative of CCB, followed up by saying, "I just said that you are not qualified to negotiate with us from the perspective of strength. Do you think I am just talking nonsense like you? Now the choice is up to you, to reconcile immediately and abide by each other's laws, or to really tear each other apart and escalate the war." Li Changrui, the representative of ICBC, said, "If you still have doubts about Yang Chen's strength, we allow you to pick a stock and do an experiment. See whether Yang Chen can successfully short sell, or whether you can successfully stabilize the stock price. After the winner is determined, you can carefully consider your choice."

Powell gritted his teeth, snorted coldly, and quickly walked out of the room.

Gallicosle immediately chased after him and asked anxiously, "Mr. Powell, what should we do now? I think we should just forget it. If we continue, we will really fall out. If they really freeze the assets of BlackRock and other institutions, we will not be able to explain to them. The Morgan family is one of the major shareholders of Eagle Fed. If the Morgan family's assets invested in Longguo are frozen, they will definitely hold you accountable. Mr. Powell, you have to consider your own future."

Powell stopped immediately, and after hesitating for a while, he walked towards his office aggressively.

The secretary gave Powell the list of 10 companies that the five major banks had shorted. After reading it, Powell immediately called Iger, the president of Disney Group.

Powell said bluntly: "Hey, Mr. Iger, how are you doing? Can you find a way to maintain the stock price? I am negotiating with the five major banks in Longguo. You must find a way to maintain the stock price so that I can have bargaining chips to negotiate with them!"

Iger said angrily, "How can we keep the stock price? Yang Chen sent me an email, in which he said he was targeting us on purpose because ESPN is owned by our company, and ESPN is the main broadcaster of the NBA. Unless NBA Commissioner Adam Silver apologizes to him and sends a team to Longguo to play against the Sihai team, he will continue to short sell. Unless we delist or the Bald Eagle Stock Market cancels the short selling mechanism, no matter how hard we struggle, it will be useless and the stock price will definitely fall."

Powell immediately said: "Don't believe his lies, he is just trying to scare you!"

Iger immediately retorted: "You are talking nonsense! He previously shorted Sharp, Goldman Sachs and other companies, and those companies tried every means to maintain their stock prices but failed. You tell me he is just trying to scare me? Does he really have such strength? Fuck!"

Powell quickly said, "The past is the past, and the present is the present. Other companies are other companies, and Disney is Disney. Don't confuse them, and don't run away without a fight. Give it a try, what if you succeed?"

Every powerful boss thinks he is powerful, and everyone is so stubborn that he won't cry until he sees the coffin. Although Iger said that Yang Chen really has the ability to short Disney, he still wants to try to resist.

"Okay, I'm not going to talk to you anymore. I have to find a way to boost the stock price!" said Iger.

Powell quickly said, "Okay, okay. You should find a way to deal with it quickly. If you need me, please contact me at any time."

Egger hung up the phone immediately, not bothering to say another word to him.

When a company's stock is shorted, the practices around the world are basically the same, which is nothing more than releasing good news and stating that the company's operations are normal. If that doesn't work, let executives and shareholders increase their holdings. Those with more financial strength can also allow employees to hold shares, repurchase shares and cancel them, etc. Xiao Ma Ge has just tried all these methods, and facts have proved that these methods are ineffective in the face of Yang Chen's shorting.

Egger immediately asked his secretary to issue a statement stating that the company's operations were normal, and he urgently convened a meeting of senior executives and shareholders to discuss countermeasures.

At the same time, executives and shareholders of AT&T Group, Under Armour Group, Puma Group and other companies selected by Yang Chen for short selling are doing the same thing as executives and shareholders of Disney Group.

At this time, the NBA league office was also holding a meeting.

President Xiao Hua said angrily: "Yang Chen is too abominable. He shorted so many companies at once to force us to submit. Everyone, tell us your opinions. What should we do next?"

The participants immediately expressed their opinions.

"The facts have proven that any resistance to a company that Yang Chen shorted will be useless unless it is delisted. I think we will be in big trouble."

“Alas… Wall Street giants specializing in finance and securities can’t beat Yang Chen, so how can our sponsors and broadcasters beat him? Why don’t we talk to him. If the sponsors and broadcasters suffer heavy losses, they may terminate the cooperation, and the huge contracts signed by the players will not be able to be executed. The consequences will be serious.”

"But if we negotiate with him, he will definitely ask us to send a team to play against the Sihai team. Should we agree or not? If we don't agree, he will definitely continue to short sell. If we agree, it will cause too much damage to our NBA brand, and the club will not want its team to play against the Sihai team."

"I think we should remain unchanged in the face of ever-changing circumstances. Once the NBA bosses are defeated by Yang Chen, they will definitely agree to send their own teams to Dragon Country to play against the Sihai team. At that time, we only need to accept their request. No matter what the consequences are, it is not our responsibility. It is all their responsibility."

……

Xiao Hua looked at his men and became angrier and angrier.

This meeting was held to let them find a solution to the problem, but they are here trying to shirk responsibility.

At this time, Heat owner Allison called Silver.

"Damn Yang Chen shorted my Carnival Cruise Line. The stock price has fallen by 20%. I've never seen such a sharp drop. Send other teams to play against his team. I can't take it anymore." Allison said angrily.

Silver immediately responded: "It was you who said before that you didn't want to play against the Sihai team, and it was you who said that it would damage the brand image and value of the NBA. Now you want me to send a team to play against the Sihai team again. Don't you think it's a bit too much?"

Allison immediately said: "Before, it was before. I didn't know Yang Chen was so powerful. Any good news is useless, and increasing the shareholding is useless. The stock price just keeps falling. Send a few rubbish teams to play against his Four Seas team, otherwise my wealth will be wiped out."

At this time, Knicks owner Dolan also called Silver.

Silver kept Allison on the phone and answered Dolan's call at the same time.

"Mr. Xiao Hua, you should talk to Yang Chen as soon as possible and stop him from shorting the cable company's stock. Damn, the shareholders are scolding me to death." Dolan said angrily.

Xiao Hua replied: "You also asked me to talk to Yang Chen. Heat owner Allison asked me to send a few rubbish teams to play against the Sihai team. Aren't you making things difficult for me? It was you owners who were unwilling to play against the Sihai team before. Now you've been beaten up by Yang Chen and you want me to negotiate. How can I negotiate? If I don't meet his requirements, do you think we can reach an agreement?"

Dolan immediately responded: "Then send junk teams like the Rockets and the Pistons to deal with them. Anyway, they have a bad record and not much attention. As long as they don't affect the image of other teams with good records, it will be fine."

Just as Silver was about to reply, a call came in from Microsoft Chairman John Thompson.

Silver hung up the calls with Allison and Dolan and quickly answered the call with Thompson.

Thomson said: "Mr. Xiao Hua, what are you doing? Why are you provoking Yang Chen? Haven't you heard about how powerful his ability to operate in the capital market is?"

Silver quickly explained, "He wanted me to send an NBA team to play against the amateur team he just formed. How damaging is this to the NBA's brand image? I rejected his unreasonable request in order to protect the brand value of you sponsors. Who knew he would be so unreasonable and short sell so many companies at once to force me to surrender. Mr. Thomson, can you fight back successfully? If not, let Mr. Gates take action. As long as you agree to defend the stock price, we can operate easily. Is that ok?"

John Thomas felt that what Silver said made sense. A company of Microsoft's level sponsors the NBA because it values ​​its brand value. If an NBA team is reduced to playing against a newly formed amateur team, then what's the point of that?

If a brand loses its class, what value does it have?

John Thomas thought for a few seconds and then said, "You are right. So, you call the NBA owners and sponsors to hold a meeting and mobilize everyone not to be afraid or compromise, and to do their best to fight back against Yang Chen's short selling. Time is tight, and the owners and sponsors who cannot come to the scene can participate via video conference. Do you think it's okay?"

Xiao Hua immediately replied: "That's exactly what I meant! I'll send them a notification right now and hang up."

After hanging up the phone, Silver immediately sent a notice to club owners and sponsors in the name of NBA Commissioner and NBA League Office, asking them to come to the NBA League Office for a meeting at 8 o'clock tonight. Those who cannot come to the scene can participate via video conference.

At 8: pm New York time, the NBA emergency meeting was held on time.

Silver said to the club owners and sponsor representatives: "Everyone knows the purpose of this emergency meeting. The decision of the league office is to require all sponsors and team owners to do their utmost to fight back against Yang Chen's short selling. The NBA will never compromise. We hope that everyone will work together to defend their dignity and brand value. If you have anything to say, you can speak freely now."

Nets owner Cai Xin said: "The tragic experiences of European football clubs are still fresh in our minds. I don't want us to be beaten by Yang Chen like them and then surrender. If the owners of European clubs can resist successfully, will they not resist? If Wall Street institutions can resist successfully, will they not resist? They can't resist, so why do you think we can resist successfully? So I think the best option is to negotiate immediately, rather than choosing to resist to the end and then surrender after being beaten by Yang Chen."

Heat owner Allison followed up by saying, “I agree with Mr. Cai. So many companies have been defeated by Yang Chen. How can we resist successfully? To be honest, I have issued an announcement and started to increase my holdings, but the stock price still can’t stop falling. I even suspect that Yang Chen has some magic that can control retail investors and institutions to sell stocks according to his wishes. Otherwise, how could nothing work?”

Lakers owner Jeanie Buss said, "I disagree with what you two said! The NBA is the world's highest basketball temple. If we send our team to play against a newly formed amateur team, how will fans from other countries view us? Will there be sponsors in the future? Will broadcasters still be willing to spend so much money to broadcast our games? I agree with Mr. Xiao Hua's decision. Let's all unite to deal with Yang Chen."

Heat owner Allison immediately responded, "You are just talking without any hesitation. You don't have any listed companies under your name. You are not afraid of being shorted, so you can say such things. But other team owners have listed companies or have invested in listed companies. Most of the sponsors are also listed companies. Our stock price keeps falling. Who will bear our losses?"

Microsoft Chairman Thomas immediately said: "If the NBA is reduced to playing a game with a newly formed amateur team, Microsoft will terminate its cooperation with the NBA. I said, immediately, right now, there is no room for negotiation!"

(End of this chapter)