Ex-wife becomes the world's number one hacker
Chapter 87 Short Selling Xingxin
Jiang Yin picked up the document and flipped through it, then stared in disbelief. She jumped up, ran to lock the door, and then ran back.
Well, there's another sneaky person around.
Jiang Yin carefully flipped through it again. It was evidence of financial fraud committed by Xingxin Technology Co., Ltd. in order to meet the listing requirements.
There were forged sales contracts, inflated accounts receivable, fabricated cash flow through related-party transactions, and even collusion among auditors in the working papers, among other things. Each and every one of these was clearly documented.
Jiang Yin looked up in surprise at Tang Ning and Li Tianmu in front of her: "Where did they come from? Are they reliable? Is it really true? They're incredibly audacious."
Li Tianmu, abandoning his usual jovial demeanor, said seriously and firmly, "Reliable. I can't say the source because it involves other people, but the route is absolutely reliable."
Tang Ning added from the side, "The data is also accurate."
Jiang Yin naturally believed that since Li Tianmu and Tang Ning were studying finance and economics respectively, their statement must mean that the information was genuine.
Jiang Yin leaned forward slightly: "Then what can we do?"
Tang Ning leaned forward and whispered, "We can ignite this scandal and use it as an opportunity to short Xingxin."
Li Tianmu nodded emphatically beside him: "Yes, this is a once-in-a-lifetime opportunity."
Jiang Yin frowned: "How do you do it? I've only heard of the concept of short selling, but I don't know what the process is."
Tang Ning took a pen from the pen holder, asked Jiang Yin for a large sheet of white paper, and began drawing on the paper while explaining to Jiang Yin:
"The first step is to borrow."
Let's prepare some funds as margin and borrow Xingxin's shares from the brokerage firm, just like borrowing someone else's shares first.
The second step is to sell.
Borrowing stocks and immediately selling them to get the money—this is called "establishing a position," creating a short position.
Jiang Yin nodded, indicating that she could keep up.
"The third step is to smash it."
This isn't us causing the damage; the market is doing it itself. We're simply releasing the evidence of fraud, letting public opinion ferment, letting authoritative media confirm it, and instilling panic among investors. Next, retail investors will flee, institutions will liquidate their positions, and funds will collectively sell off, the entire market will help us crush Xingxin's stock price, causing it to plummet.
"Step four, buy."
Once the stock price has fallen significantly, we'll buy it back at an even lower price and return it to the brokerage firm.
Tang Ning slammed the pen down on the paper: "We sell high and buy low; the difference between those prices is what we earn."
Li Tianmu added, "To put it simply—borrow to sell, buy back when prices drop, and profit from the difference."
"I understand," Jiang Yin breathed a sigh of relief, then said, "I also want Xingxin Company; it's a spark."
Tang Ning looked at Li Tianmu and said with a smile, "See? President Jiang is more ambitious than me."
Li Tianmu also laughed and said, "It's not impossible. Before the company is delisted or goes bankrupt, we can act as a 'white knight' and acquire Xingxin Technology at a low price. However, we will have to deal with the accusations and penalties from regulatory authorities afterwards, but the amount is not large compared to the acquisition of the company."
"How much funding do you need?" Jiang Yin asked.
Li Tianmu picked up the calculator from the table and said as he pressed the numbers:
"Xingxin's current market value of 8 billion is almost entirely a bubble. After such financial fraud is exposed, it's common for the market value to evaporate by 90%, leaving only about 800 million. Adding the margin for short selling, the total would be over 1 billion. To be on the safe side, 2 billion should be enough."
Tang Ning nodded: "Xingxin's stock price has been driven up three times since the second half of last year. If it weren't for those pump-and-dump schemes, we wouldn't need this much now."
"Huh? That much?" Jiang Yin's mouth dropped open in surprise. "We don't have that much, only eight or nine hundred million."
"I've discussed it with Tang Ning. A few of my buddies and I have a hedge fund overseas. If we pool our money, funding won't be a problem." Li Tianmu reached behind his back and scratched the spot where he had been hit, which was now starting to itch.
Tang Ning added from the side: "The short selling and the white knight acquisition of Xingxin were both carried out in the name of this hedge fund. Firstly, it can't be traced back to us, and secondly, if we were to step in during the acquisition, they would definitely rather go bankrupt than sell."
"Indeed." Jiang Yin nodded. Tang Ning and Li Tianmu had explained it very clearly, and she understood everything.
"However, with Qin Heming around, would he let us do this? He'd definitely protect Xingxin, right? We can't compare to his financial resources." Jiang Yin thought of another question.
Li Tianmu and Tang Ning exchanged a glance and chuckled.
Li Tianmu said, "Old Qin and Brother Jinxing are going to inspect the new waterway next week. The section they're going to is quite remote, with special terrain, no signal, and they can't contact us. Hahaha, it's really a godsend for us."
"Once they lose contact, we'll take action. Without Qin Heming's help, the Gu and Lin families won't last long," Tang Ning added.
Jiang Yin remained silent, her fingers tapping lightly on the table unconsciously. After a while, another question came to her mind:
"Even if they can't contact him, they can send people to look for him, right? What if Qin Heming comes back halfway?"
Li Tianmu laughed: "Find it? How? Jinxing told me that the Wilikits Strait they went to is extremely dangerous; without an icebreaker, it's impossible to move an inch. Unless you can find a top-notch Arctic navigator to take a small boat in. But who would gamble with that godforsaken place for money? Would they be risking their lives?"
Tang Ning put the pen back in the pen holder and added, "Even if he comes back halfway through, if he intervenes to rescue the market, we'll immediately close our positions and go long. That way, even if we can't acquire Xingxin, we can still make money twice. With that money, we can then acquire Bihai."
"Well, at worst I can still make money, that's acceptable." Jiang Yin nodded thoughtfully.
Li Tianmu suddenly remembered something: "However, this matter needs to be handled as soon as possible. If Xingxin cashes out and leaves, we won't be able to catch them."
"Yeah, they definitely have a plan for the ban. I'd guess they'll announce some good news to push the stock market up again, cash out, and leave. They'll abandon the chip companies, or leave them barely surviving. To maintain good relations with their clients, they'll return the equipment and blueprints." Tang Ning clicked his tongue, nodded confidently, and twirled his pen in his hand.
Li Tianmu nodded and put his hand on Tang Ning's shoulder: "I second that, they'll definitely do it."
Jiang Yin immediately became anxious upon hearing this: "We can't let them get away, and we can't let them return those equipment and blueprints either."
"Unless something unexpected happens, there's no way to escape." Li Tianmu rubbed his chin with one hand. After a moment's thought, he continued:
"However, I'm worried about something else. I'm not sure if anyone else has also obtained this evidence. If someone gets there first, we don't know who will end up with the company. So if we want to do this, we need to start moving now."
"So, what do you say, are you in or not?" Tang Ning looked at Jiang Yin with bright eyes, asking for her final opinion.
"Let's do it, we have to do it for both public and private reasons, but..." Jiang Yin glanced at Tang Ning, who understood: we need to unify our thinking before the big battle.
He then turned to Li Tianmu and said sternly, "How are you going to explain this to Qin Heming after you've been following us around like this?"
Li Tianmu raised an eyebrow: "He doesn't know it was me who did it."
"Huh? You treat your friends like this?" Tang Ning exclaimed in surprise, her mouth agape. "I feel a bit sorry for them."
Li Tianmu was amused by Tang Ning's expression: "I was just kidding. The Lin family is the Lin family, and I always treat them separately. If we really want to consider Old Qin's feelings, let's wait until she can marry into the family."
"Besides, I can make money too."
"Besides, we're cooperating now. If you're doing well, I'm doing well too. My brother said at a big meeting that you're strategic partners of Pioneer Plaza. Strategy, you understand?"
"Besides, I can't just let it go after she hit me with that stick. My back is itching like crazy right now."
"Besides, we've been through thick and thin together. If I don't help you, who will I help?"
"And then..."
"Alright, that's enough. The pre-battle mobilization is over. The main force is moving out!" Tang Ning waved his hand, interrupting Li Tianmu's continued talking.
The two-person "team" set off for the small conference room, where they set up several large-screen computers on the conference table and hung several more from the ceiling, resembling a small stock trading venue.
Actually, shorting Xingxin Technology doesn't require so many computers. It's just that Li Tianmu and Tang Ning have other disks to look at, so setting up multiple screens would save them time switching back and forth.
Jiang Yin was added to a group chat containing only the three of them, and the group was called "Three Stooges." Jiang Yin knew without a doubt that Li Tianmu had come up with the name.
......
Ding Meiyu took the newly made purchase agreement from the printer; the client's company name and logo were exactly the same.
Then, she skillfully signed her name, imitating Mr. Smith's handwriting.
Then he held it in his hand, examining each page carefully. When he saw the astonishing number in the summary column on the last page, a slight smile appeared on his lips, and he smiled with satisfaction.
We don't know when the ban will come; maybe a year, maybe a few months, maybe tomorrow. Who knows?
In any case, prepare the agreement first, and launch it as soon as needed to make the stock price soar even higher.
She shook the agreement, as if she could hear the clinking sound of money falling into her pocket after she cashed out and left.
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