Reborn Action Star: Starting in Hollywood

Chapter 370 Stock Price Collapse & People's Change of Mind
Lucinda sat in front of the computer for a long time, not knowing how to start writing.

"Do you have any good ideas? I can't think of a single word for this damn clarification announcement." She turned her head and looked at a man in his forties next to her.

The man was the secretary to the board of directors of MGM Pictures. At this moment, he also had a frown on his face and looked gloomy.

"This job is so difficult. They have reasons and evidence, and every point they say is the truth. Can we still say that the dead are alive? I consulted many professional friends, and they all advised me to just lie down and give up." said the secretary.

"That won't do. What should I do if you don't care? You have to find a way to solve it. This is your responsibility," said Lucinda.

"I'm just a secretary to the board of directors, not God!" complained the secretary to the board of directors.

The secretary of the board of directors is the secretary of the board of directors of a listed company, not the secretary of the chairman.

Similar to the difference between a secretary general and a secretary.

Publishing announcements of listed companies and resolutions of the board of directors is one of the duties of the secretary to the board of directors.

But now he wants to give up.

"Tell me, what would you do if our company is ruined this time?" asked the secretary.

Lucinda felt strange. As the secretary of the board of directors, why don’t you quickly find a way to resolve the current crisis and ask me what to do if my company goes bankrupt?
How could the company fail?
I suppressed my nausea and stayed with that old man for so many years before I got to where I am today.

What should I do if the company goes bankrupt?
The company must not fail!

"What are you talking about? You have to trust Mr. Mills!" Lucinda retorted. "Besides, we're a giant public company. How could we fail so easily?"

The secretary pushed the computer screen in front of Lucinda and said, "Look at the current stock price. Do you still think what I said is impossible?"

"What's wrong with the stock price...F*ck!" Lucinda couldn't help but curse.

She originally thought that a 32% drop in stock price in one day was an unimaginable stock market crash.

I didn’t expect that it has fallen by 53% now and is still setting new lows.

"How could this happen? This is not normal! This is absolutely not normal!" Lucinda shouted.

"Of course it's not normal. Our stock price is being shorted," the company secretary said. "First, they released a short-selling report to create panic, and then used the previously established short positions to desperately crash the market. This is clearly a premeditated act."

You see, it’s not just us who are in this predicament, Columbia Pictures is in the same situation as us.”

Switching web pages, Lucinda saw that Columbia Pictures' stock price had also fallen by 47%, similar to the stock price trend of MGM.

"Damn, they must have planned this all along. Whether it's that short-selling report or building so many short positions in advance, it can't be done overnight." Lucinda said.

"So we have already lost this capital war. All that remains is to be ruthlessly slaughtered. Let's see how much blood will be shed. Resistance is meaningless. The gap between us and the enemy is too great." The secretary replied.

The U.S. stock market does not limit the rise and fall of individual stocks, so it often creates very surprising fluctuations.

In later generations, a certain big monster stock created a "miracle" of soaring 335% one day and plummeting 86% the next day.

The stock trading of this company even saw a magical plot where retail investors banded together to fight against institutional investors.

It's even more exciting than riding a roller coaster.

You rush into the stock market, thinking that you can make more than three times your money in one day, and you think you are carrying a sack to the stock market to fill it with money.

But the reality is that all your pockets are torn, and soon most of your chips are lost, leaving only a thin layer of skin.

"The stock price is still falling and is heading straight for 60%!" Lucinda couldn't believe her eyes.

In this case, what else is there to clarify?
Not to mention that she couldn't come up with a good clarification announcement, even if she could, it wouldn't be of much practical use now. "Do you still insist that the company won't fail?" the secretary asked.

"The stock price may go up and down, but it won't fall to zero. Even if it falls further, the company will not collapse," said Lucinda.

"But have you ever thought that the company will change owners?" Secretary Dong said with a somewhat mysterious smile.

"There's something else in what you said. What exactly do you want to say? What do you know?" Lucinda asked.

"I'm not afraid of you knowing it now. I just received a request from Amazon to hold an extraordinary board meeting." said the secretary.

“What right does Amazon have to propose an interim board meeting?” Lucinda shouted.

"Because their shareholding has exceeded 50%! I saw the equity certificate submitted by Amazon." said the secretary.

"What? How is that possible?"

"You don't have to question it, I have confirmed it. The owner of MGM has changed and it is no longer Mr. Mills. Now I ask you again, do you have any plans?" The secretary's smile became more and more unsettling.

"What do you want me to do?" Lucinda was not stupid, she had vaguely guessed something.

"You have followed Mr. Mills for so many years, so you must have a lot of leverage over him, right? Do you want to consider taking these things and making a deal?" asked the secretary.

"Who do you belong to?" Lucinda asked.

"I'm no one's friend. I'm just an ordinary person who doesn't want to go down with this ship. Three days ago, Ms. Adams from Morgan Stanley contacted me, hoping that I would stand on her side."

"traitor!"

"No, don't say that to me. I didn't agree to her at that time. It was not until today when the stock price completely collapsed and I received the Amazon equity certificate that I made up my mind." said the secretary.

"So being a traitor alone isn't enough for you, and you want to drag me along so you can feel better?" Lucinda said sarcastically.

"It's just a matter of each taking what he needs. I don't believe you have much loyalty to Mills. That old man has nothing worth liking except that he has some dirty money." The secretary of the board continued.

"How do you know I have something on Mr. Mills?" Lucinda asked.

"I wasn't sure originally, but now I am sure," the secretary replied.

"..."

"I also know that you have been shaken, otherwise you would have said categorically that you have no evidence and immediately went to Mills to report me." The secretary replied.

"..."

"Come on, MGM has changed hands. What can you, a small executive, do? Sell yourself for a good price as soon as possible while you still have value." The secretary's voice was like the whisper of a devil, luring her into the abyss.

"Okay, I admit that I do have a lot of evidence against Mills, and these materials are enough to send the old guy to jail forever. But I don't trust your promises, and I don't believe the promises of those Wall Street vampires." Lucinda replied.

"I am indeed not very trustworthy in my current state. But there is one person you should trust very much. Let him negotiate terms with you." said the secretary.

"Who?"

“Lin Yuan!”

"make a deal!"

(End of this chapter)