Since they are reborn, they must be supported by the school beauties.

Chapter 263 Surrender and You Lose Half

Uncle Gao's words suddenly reminded Qi Duo of a classic line from a Stephen Chow movie.

She asked Uncle Gao, "Uncle Gao, do you mean that surrendering means losing half the stake?"

Uncle Gao nodded and sighed, "That's right, surrendering means losing half. We're dealt a hand that's definitely going to lose, and we've already put our chips on the table. If we wait for the cards to be revealed, the other side will take all the chips. If we can talk to them before the cards are revealed and surrender to lose half, at least we can get some back."

Because Chen Cheng operates on a short-selling model, the business logic becomes much more complex.

What's more complicated is that Chen Cheng not only shorted the market, but also trapped them in a deep loss by selling them all the indicators he had borrowed for short selling.

Now that the indicators are plummeting, the initiative has all fallen into Chen Cheng's hands.

Right now, the more the index price falls, the more people will lose. If the downward trend of the index cannot be reversed, then there will probably be no one to buy the shares if you want to sell now, and you will only be deeply trapped.

The only remaining chance of negotiation lies with Chen Cheng.

For Chen Cheng, the money is already in his hands. If he can return as much as possible to everyone and minimize their losses, it would be a good thing for them.

At this moment, someone raised their hand and said, "Uncle Gao, that kid surnamed Chen must have already sensed that the quota was going to drop in price, so he made arrangements for us in advance, just to take advantage of us. Even if we are willing to surrender and lose half, he may not agree!"

“Exactly. If it were me, I wouldn’t agree either. If the price keeps falling and drops to over 30,000, then when the contract expires, he can make at least 80,000 yuan per indicator. How could he possibly let us off so easily?”

Uncle Gao smiled wryly and said, "Whether it works or not, we'll have to try to find out. I'm just making a suggestion to everyone to see if you agree. If everyone is okay with surrendering and losing half, then we'll let Qi Duo talk to Chen Cheng. If it works, everyone will lose less. If we lose, I won't struggle anymore."

Everyone looked at each other in bewilderment. Whether this was a profit or loss depended on whether the indicators could continue to rise.

However, just like when a stock market crash occurs, although most people are pessimistic, some people still believe that there will definitely be a turnaround.

There were indeed a few people at the scene who disagreed. They felt that they had already lost so much money, and they should persevere no matter what and wait for the price to recover. Giving up at this point would be tantamount to giving up all possibilities.

However, most people still feel that surrendering and losing half is better than being tortured indefinitely.

After gathering everyone's opinions, Uncle Gao decided to have Qi Duo talk to Chen Cheng about the feasibility of surrendering and losing half. If it worked, those who agreed to admit defeat would sign a termination agreement with Chen Cheng separately, while others who were willing to wait could continue to wait, so that everyone could be more flexible.

Often, business partners can advance together, but they can't retreat together. Uncle Gao doesn't expect to advance and retreat with everyone. In such cases, it's important to respect everyone's own wishes.
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In recent days, the impact of SARS has become increasingly significant.

Those scarce supplies were snapped up early in every city.

As public anxiety continued to rise, Chen Cheng heard from Su Zishan that business had been rather slow during the Spring Festival, with the store only accommodating about half of its customers at its peak.

Chen Cheng inquired about Su Ziqiang's two new stores. Su Zishan told him that the two new stores had a lukewarm reception upon opening. Apart from the fact that many friends came to support them on the first day of opening, business was very slow afterwards. Part of the reason was the impact of SARS, and another part was that most of the old customers stayed at home to avoid SARS. The few who liked to have fun and were stubborn also hardly went to the new stores, because they had already been taken very well by the old stores, and were familiar with the environment and service staff, so their loyalty was very high.

It is said that Su Ziqiang did not have a good New Year. He was frowning and sighing all day long, lamenting his bad luck that his two stores encountered such a thing right after they opened.

Su Ziqiang called Chen Cheng, shamelessly asking for his advice on how to boost sales at the two new stores.

Chen Cheng knew that even a miracle couldn't save him now, and besides, he didn't want to. So he earnestly reminded him that the current poor business was due to the impact of SARS, and he couldn't fight against the environment.

However, Su Ziqiang was a natural optimist. He said to Chen Cheng, "I think this kind of thing won't last long. The impact should pass quickly. If it really doesn't work, let's just get through this period. After this period, business should pick up."

He spoke so casually, but Chen Cheng knew very well that the outbreak in Yanjing had not yet occurred. Once the outbreak occurred in Yanjing, that would be when SARS would have the greatest impact.

Therefore, from now on, Su Ziqiang's two new stores will only face increasing difficulties in the next three or four months.

However, Chen Cheng didn't reveal anything explicitly. He simply echoed Su Ziqiang's words and said in a seemingly casual tone, "I have a similar opinion to you. It shouldn't last too long."

Su Ziqiang smiled and said, "It seems we have the same idea. Once SARS is over, you must come and visit the store!"

"Okay." Chen Cheng agreed, exchanged a few polite words, and then hung up the phone.

The moment I hung up the phone, Qi Duo called.

Chen Cheng was initially surprised to see Qi Duo calling him, but he quickly guessed why she was calling.

He answered the phone and asked with a smile, "Why is Mr. Qi calling me all of a sudden? Are you still in Jiangcheng?"

Qi Duo smiled and said, "President Chen, I'm currently in Wencheng. I hadn't originally planned to go there, but I've heard a lot of news recently and have a preliminary idea, so I'd like to discuss it with you."

Chen Cheng smiled and said, "President Qi, please feel free to share your thoughts."

Qi Duo didn't mince words and said directly, "President Chen, I called to discuss our previous cooperation. Since you're so smart, I won't beat around the bush. I've talked with Uncle Gao and other colleagues, and we're not very optimistic about the future of the Jiangcheng index market. We think that the index price is affected by many factors and will definitely continue to fall. We've already suffered heavy losses, and if we drag this out until our contract expires, the losses will probably be even more severe."

"We speculators may seem to be making a lot of money, but to be honest, most of the money we made in the previous projects has been invested in this one. Mr. Chen, you did a short selling, and we borrowed a lot of money to try our luck. But we never dreamed that SARS would break out during this time. So we would like to have a friendly discussion with Mr. Chen about whether we can terminate the cooperation in advance?"

"Terminated early..."

Chen Cheng smiled slightly and said, "It's not impossible to terminate early, but it depends on the price at which it's terminated. To be honest, Mr. Qi, the money I raised from you has all been invested in another project. That project hasn't been settled yet, and the money hasn't come back."

Chen Cheng was telling the truth, but he didn't want Qi Duo to think he was just being polite or making excuses, so he said frankly, "Fortunately, the project is progressing well, and we should be able to get the payment back in the next few days. If we can agree on a price, I can consider terminating the agreement early."

Qi Duo then said, "Uncle Gao means that we will accept a loss of 30,000 per quota. Didn't we buy a total of 1,100 quotas from you, Mr. Chen? At that time, we raised a total of 1.32 million for you. If you are willing to terminate the contract now, you only need to return 99 million to us, and all cooperation between us will be terminated. You will make 33 million."

Fearing Chen Cheng might be unwilling, Qi Duo added, "Of course, if President Chen has any further demands regarding the price, we can negotiate. However, we also hope that President Chen can understand our difficulties. This investment in Jiangcheng has really trapped us deeply. If the price continues to fall like this, many people will probably go bankrupt. My own savings over the years have been completely wiped out, and I may even be burdened with millions of yuan in debt. So, on behalf of my colleagues, I implore President Chen to show some leniency."

For these Wenzhou speculators, a loss of 30,000 yuan on a single indicator is their ideal price, and what they can actually afford is even less than 80,000 yuan.

However, for every 10,000 yuan the price drops, everyone loses an additional 11 million yuan. Therefore, Qi Duo is prepared to engage in a tug-of-war with Chen Cheng and try her best to keep the price above 80,000 yuan.

But to her surprise, Chen Cheng said almost without hesitation, "I think it's fine. I'll earn a little less, and you'll lose a little less, so we can maintain a relative balance. Otherwise, if the price of the index drops to 30,000 or 40,000 when the contract expires, it will be difficult for you."

Qi Duo quickly pressed on, "Mr. Chen, does that mean you agree?"

"Correct."

Chen Cheng said frankly, "Ninety thousand it is. I won't haggle with you anymore. I'll talk to my two other uncles who are partners later. As long as they have no objections, we'll sign a new agreement at the price of ninety thousand and terminate the cooperation."

Qi Duo was suddenly moved.

She was prepared to be ripped off when the price was set at 90,000, and she wasn't going to struggle as long as the rip-off wasn't fatal. But to her surprise, the other party simply threw the knife on the ground and gave up this good opportunity to cut off her flesh.

She felt a little incredulous, and fearing that Chen Cheng was trying to trick her, she quickly asked again, "Mr. Chen, what if your two partners disagree?"

Chen Cheng laughed and said, "I don't think so. They're not the kind of people who would go to extremes. Besides, I initiated this, so they should give me some face."

"That's good……"

Qi Duo finally breathed a sigh of relief and asked him, "Mr. Chen, how long do you think it will take to give me an answer?"

Chen Cheng said, "It shouldn't be long. I'll meet with them tonight and try to give you a definite answer. However, you'll have to wait a while before signing the contract. We need to recover the funds we invested before we can give you the 99 million."

"Row!"

Qi Duo immediately said, "Then I'll wait for your good news, Mr. Chen!"

(End of this chapter)