Black technology: a super empire spanning two worlds

Chapter 44 [Compensation for Innocent Retail Investors Injured by Mistaken Means]

Ruilian Group had already prepared everything and was just waiting for Zhou Baichuan and other investors to sign and go through the process.

The deal was done in the bathhouse and the process was completed two and a half hours later.

Several investors of Penghui Capital packaged all of their shares in Prism Technology and disposed of them as non-performing assets. The most popular one was sold to an AMC company at a bargain price of RMB 0.65 per share.

The next morning, Wen Suqing came to Xiao Yu's residence just for this matter.

"I didn't expect Ruilian to be so efficient. I estimated that it would take at least half a month." Xiao Yu was quite surprised. Wen Suqing, who was sitting opposite him, said, "As long as the other party admits the loss and cuts the losses, the rest is just going through the process. It is reasonable that it will be fast."

At this point, Wen Suqing looked at Xiao Yu and smiled and added, "Zhou Baichuan and the others have already been forced out at a loss at the floor price. I have successfully completed your commission. The rest of the things will be much easier."

Upon hearing this, Xiao Yu smiled and said, "So it's time to settle the remuneration. Do you want 3.5 million in cash or equity?"

Wen Suqing jokingly said: "Based on the current market value of your company, 2.5% of the equity is worth less than 3000 million. If you want to lose a lot of equity, of course you have to settle in cash."

Hearing this, Xiao Yu guessed that Wen Suqing was planning to continue staying in the Beijing circle, but it was not surprising that she was unwilling to develop in Linzhou after learning that she was in love with the young master of the Xiang family. After all, Wen Suqing didn't know that Xiao Yu had a teleportation star ring, which meant that there was a blue planet's technology behind him to support his career on Earth.

Wen Suqing smiled and asked, "Rui Lian wants a board seat, you have to give it to him, right?"

Xiao Yu answered concisely: "Of course."

There have been major changes in the shareholders of Prism Technology, but other matters will not change. Xiao Yu still has the right to nominate more than half of the directors.

If Ruilian wants two board seats, Xiao Yu can also nominate two directors. If Ruilian wants three seats, Xiao Yu can enjoy the right to nominate three directors accordingly, plus his one vote as chairman, he will always have one more vote.

The board of directors votes on a one-person-one-vote system. There is no veto and no two-thirds majority vote. As long as one party votes with more than one vote in favor, it will be passed. If one party votes with more than one vote against, it will not be passed. Xiao Yu's right to nominate more than half of the directors ensures that he will always have one more vote, and thus have absolute control over the board of directors.

Wen Suqing said: "Uncle Xiang decided that I will be the director sent by Ruilian to Prism Technology."

Xiao Yu was greatly surprised when he heard this. He thought Wen Suqing had just declined the invitation to join Prism Technology in a joking way, but he didn't expect that she was going to represent Ruilian to serve as a director of the company.

That couldn't be better. It would also be natural for him to concurrently serve as the head of a company's legal department.

Even if she doesn't take on the legal duties concurrently, as long as Wen Suqing is a director of the company, her resources will be here.

This result was beyond Xiao Yu's expectations, and he immediately smiled and said, "You are most welcome."

I had originally planned to allocate some option shares to Wen Suqing, but since she is the daughter-in-law of the Xiang family and represents the interests of the Ruilian Group, there is no need to allocate more shares.

After chatting about other things for a while, Wen Suqing said goodbye.

Xiao Yu sent her to the door, then returned to the house and called Yun Shu to arrange for the announcement.

The exit of several investors from Penghui Capital is an established fact, and the equity structure of Prism Technology has therefore undergone major changes, which must be announced in a timely manner according to regulations.

At this moment, Xiao Yu turned on his computer to check the company's stock price trend, and then lurked around in the comment section of the stock forum.

The comment section of the current stock forum is full of the wailing of retail investors who have been trapped, as well as various insults to Xiao Laoliu.

Xiao Yu couldn't help but sigh as he thought about it. He said to himself, "Fortunately, I won't be short of money in the future. You are lucky to buy my company's stocks. I, Xiao Yu, will cover all the losses of you small and medium-sized retail investors during this period of sharp decline. If it were any other boss of a listed company, he would have gone abroad to enjoy his life. Maybe he would even come back to ridicule me..."

Other listed companies that experienced such a brutal sell-off were simply making money by cutting leeks, but Xiao Yu did not cut leeks. He just fought with several investors from Penghui Capital, which inevitably hurt a large number of retail investors.

Xiao Yu browsed the stock forum comment area and saw countless stockholders wailing. He felt compassion and wanted to save his reputation, which had completely collapsed. He didn't want to live with the nickname "Xiao Laoliu" in the future. Xiao Yu was really worried that some stockholders who had lost money would go to Linzhou City to secretly stake out and suddenly jump out to gank him. When he imagined this scene, Xiao Yu's face was so tense that he turned into an expression pack of tears and laughter.

At this moment, Xiao Yu has decided to pay for the losses suffered by the shareholders who have suffered heavy losses during this period with his own money. No matter how much they have lost, he will make them fully recovered, but this is limited to small and medium-sized investors, that is, retail shareholders.

Not only will they be revived, but they will also be given an additional daily limit in profit as compensation for the shock and suffering they have endured during this period.

In other words, no matter how much loss the shareholders who were accidentally injured during this period suffered, Xiao Yu would compensate them out of his own pocket. If they bought 10 yuan and lost 8 yuan, he would compensate them with 8 yuan, and he would give them a 10cm daily limit based on the 20 yuan they bought, making a net profit of 2 yuan.

As long as this matter is announced, Xiao Yu's bad reputation can definitely be easily restored, and it will bring him unprecedented positive reputation, because his decision has set an unprecedented precedent, which can be called a heavenly level operation, and no one has ever played it this way.

However, this matter cannot be announced to the public hastily just yet, because the stock price has not fallen through yet and is still continuing to plummet. We will wait until the stock price stops falling and reverses, then we can conduct statistics and solve the problem at one time.

It is foreseeable that once this matter is announced, people from all walks of life will be so shocked that their jaws will drop to the ground, and shareholders will have to collectively respectfully call him Master Xiao. Anyone who dares to call him Xiao Laoliu again in the future will definitely be in trouble.

……

At around 12 noon, Prism Technology issued an announcement of shareholder changes during the market holiday.

As soon as this announcement was made, when the stock market opened in the afternoon, the share price of Prism Technology plummeted by -20.16% and hit the lower limit. The share price hit a record low of 1.03 yuan, and the market value was only 8.94 million yuan.

When the stock price hit the limit down, there was no one to take over because several investors of Penghui Capital had given up on supporting the stock. Coupled with the appearance of this announcement, the stock price began to fall freely and no one dared to take over.

After the market closed, the exchange immediately gave Prism Technology the ST label, and the company’s stock name was changed to [*ST Prism].

Several investors of Penghui Capital transferred and sold their shares in Prism Technology to an AMC company in the form of non-performing assets. They are already non-performing assets, and the exchange directly changed the name to [*ST Prism] to issue a delisting risk warning.

Some people who were stuck and holding on were completely hopeless and desperate. They all thought that Prism Technology would really be delisted and listed on the New Third Board, so they cut their positions and fled in tears.

When the market opened the next day, Thursday, *ST Prism plunged -20.39% and opened at the limit down. The stock price plummeted to 0.82 yuan, breaking the 1 yuan mark and setting a new historical low. Those who were waiting for a rebound were dumbfounded.

I thought it was safe enough after falling to this price, but I didn't expect it to be so bad that it could be cut in half.

On Friday, the last trading day of this week, the company's stock price fell to the limit down again, hitting a new historical low of 0.66 yuan. After three consecutive limit downs, the company's total market value was only 5 million yuan.

From the perspective of asset structure, Prism Technology's net assets are more than 25 billion yuan. It can be said that if you buy it at this price, you can triple or quadruple it.

However, few people dared to try to save the company, as the company is now in a mess, crossing into food processing and grain trade. Recently, it was reported that it would spend a large amount of money to acquire a supermarket in Linzhou and operate a large-scale hypermarket.

If you continue to play at this pace, the net assets of 25 billion will soon be squandered. Now it seems to be several times the premium, but it may all be squandered in less than a year.

No one dares to buy in, not to mention that the stock is about to be delisted. If you buy in, you will really become a super long-term shareholder, or even a permanent shareholder.

After the weekend, it was Monday, August 8th.

Prism Technology did not continue to hit the limit down at the opening today but opened significantly lower. However, after the low opening, the stock price continued to fall in free fall, and finally fell to -19.70% to hit the limit down. The stock price fell to a historical low of 0.53 yuan.

At the moment, the comment section of the stock forum is almost unpopular, there are only a few comments, and most of them are insults.

[Passing by, offering incense.]
[This is really fucking stupid. I just wanted to make a short-term rebound by buying two layers, but it cut me in half.]
[It's what you deserve. You still touch this kind of junk stock.]
[你以为股价跌到1块钱就安全了？1块钱也照样可以跌50%腰斩到5毛钱，5毛钱也照样可以腰斩跌到2毛5分钱。]
[No matter what sins you committed in your previous life, you are even if you got the big A in this life.]
[It is indeed going to be delisted, so sad.]
[It’s a pity that the 5.8 retail stockholders are now gone, which is not much different from account cancellation.]
[I have been trading stocks for more than ten years, and this is the worst sell-off I have ever seen in the A-share market. Last month, the stock price was still at 50.50, and now it is only a fraction of that.]
[I still have about 3000 yuan left. I’ll take it out tomorrow and buy an electric bike to deliver food… (Hehe, I’ve already made plans.jpg)]
[Although I feel sorry for you, please forgive my insincere smile.]
[I bought 1000 hands and took a gamble. I would lose money elsewhere anyway.]
[Great! 1000 lots means 10 shares, which costs more than 5 yuan. Why waste money like this?]
[I also bought 35000 shares, less than 2 yuan, to bet on a turnaround.]
[I don’t understand, but I respect.]
[Do you know why Big A can’t get up? Maybe there are too many leeks and they can’t be cut all the time.]
……

(End of this chapter)