Global Monopoly of Technology

Chapter 487 [The first round of confrontation]

In the days that followed, hundreds of short-selling funds on Wall Street colluded and united.

In addition to wanting to gain great benefits, most of them are more excited. This is shorting a super-giant technology group with the world's largest market value. Once successful, the sense of achievement is inescapable. comparable.

If you want to successfully short Bluestar Technology, you are not just talking about it. The preparation work is extremely complicated.

For example, Muddy Waters, which lives in short positions, is responsible for the task of the Côte d’Azur. The company used 129 full-time employees and 3,185 part-time employees to record the offline direct stores and operator channels of Côte d’Azur around the world. The daily customer flow of the store covers 100% of the business hours of 80% of the storefronts, and the customer data is continuously collected, both bright and dark.

The purpose of doing these work is to analyze the data, find the weak points of the opponent, and then attack the weak points.

...

mid-July.

Science and Technology Complex Building.

Luo Sheng, who was exercising, received a call from Zhang Bowen.

"Mr. Luo, Wall Street has taken action!"

"So fast?"

Luo Sheng left the gym immediately, came to the living room on the phone and turned on the personal work computer.

On the other end of the phone, Zhang Bowen replied: "The hedge fund's Chanos publicly criticized Bluestar Technology in the Financial Times, questioned our company's financial data, and claimed that the hedge fund would short Bluestar Technology on the grounds that he questioned Bluestar Technology. Financial fraud, put us on the label of 'Oriental Enron'."

Luo Sheng operated the computer with one hand and said with a smile, "Oh? This hat is big enough, this lousy old man Chanos, seems to be the 'lead crocodile' among the short-selling crocodiles this time."

Eastern Enron.

This statement is undoubtedly stepping on the sensitive nerves of Wall Street. In 2011, one of the largest energy companies in the world, Enron Corporation of North America, declared bankruptcy, causing an "earthquake" on Wall Street and causing Arthur Andersen, the world's number one accounting firm at the time, to disappear. It is a nightmare for the North American capital market.

Luo Sheng transferred the phone to another line, put the phone down and focused on the computer in front of him, while asking, "What is the reaction to the current market situation?"

Zhang Bowen: "The company's market value has evaporated by nearly 50 billion US dollars.

The current total market capitalization is $579.1 billion. "

What I have to say is that some investors or shareholders still dare to stare at Bluestar's stock, they must have a strong heart.

If there is any trouble in the current market, the BTC stock will inevitably fluctuate significantly. Some time ago, Bluestar Technology Group invested 135 billion US dollars in it and pulled the company's stock price to more than 600 billion US dollars.

Few people can hold back such a situation. Anyway, investors don’t think they are leeks, at least there will always be the illusion that the last one will not be themselves, so they go short with the predators.

After finishing the call with Zhang Bowen, Luo Sheng clicked on some of Chanos' latest interviews that popped up in the media.

In the video being interviewed by a BBC reporter, Chanos stared at the camera and elaborated on his doubts: "I am very worried about Bluestar Technology Group, they have adopted various aggressive accounting techniques to modify the statements. In many cases, They make use of a large number of affiliated transactions with affiliated companies that cannot be tracked. Will Bluestar's affiliates also advertise on the Bluestar platform? Put money into these unconsolidated affiliates first, and then return On the Bluestar side, this is the turntable effect (left hand over right hand)."

Such doubts about Luo Sheng are not fluctuating, because the legal department under his command has thoroughly researched before doing one thing.

But some people in the outside world may believe it. For example, many people can't help but think of the closely related transactions between Bluestar Technology and Cote d'Azur, such as those game production companies under the Bluestar Technology Group, and the console platform of Cote d'Azur. Wait.

Chanos: "Among the large companies listed in North America with a market value of more than $1 billion, Bluestar Technology's accounting practices are the most problematic I have ever seen. You see a line of 'equity and net income of affiliated companies', but not You don't know the details, you don't know the real costs and accounting for a super-giant multinational conglomerate with 200,000 employees."

Luo Sheng looked at it for a while and then closed the page. He didn't have to read the following news to know. These routines on Wall Street are finding a logical reason for the follow-up debt collection.

If the debt is forced, the debt should be forced. This is exactly what Luo Sheng wanted.

After Zhang Bowen ended the call with Luo Sheng, he immediately held a senior management meeting within the company. He responded to the questioning and attack of Chanos, the "leader" on the same day. In any case, it must be responded to as a basic operation.

Bluestar Technology Group responded quickly and issued a solemn statement to the media in response to the attack of the short fund, and the two sides launched the first round of "war of words".

At the temporary media conference, Zhang Bowen, who was standing on the podium, said indifferently to more than 200 reporters:

"Mr. Chanos made a wrong judgment and didn't know enough about Bluestar Technology. Since our group company went public in 2006, the cash flow every quarter has been positive. Secondly, his claims are obviously not enough to understand our business model. .We hope Mr. Chanos can visit Bluestar Technology headquarters to learn more about the company.”

"In fact, over 300 investors have come to visit this past June and spent a full day with our management, learning about all aspects of the business, and I personally initiated a call with Mr Chanos yesterday. Invitations, unfortunately he declined all our invitations, but we still welcome him at all times."

Speaking of this, Zhang Bowen suddenly smiled and added in a mocking tone: "To be honest, I personally talked to Mr. Chanos yesterday, and his response to me was: If you are invited to fight, forget it, so I still forwarded the invitation letter to Bluestar Technology."

"Well, Mr. Chanos' attitude is very tough. But you must respect him, because sooner or later he will have to bear too much pain. As a big short leader, Mr. Chanos will suffer heavy losses from shorting Bluestar Technology, including all shorting Bluestar. We have plenty of funds for short-seller funds and followers of technology, as long as you dare to sell me (Bluestar Technology), you can buy it.”

The reporters in the audience took pictures frantically, and everyone looked at him. Zhang Bowen's speech was full of gunpowder in his calmness and determination.

Media reporters at home and abroad are also extremely excited about this air-to-air dialogue call for war.

Before the media conference was over, the news here flew out like wings.

All of a sudden, the business, technology, media, and Internet circles were all watching and watching.

Since Bluestar Technology Group entered 2012, it seems that it has encountered various difficulties. Netizens who eat melons are also indignant. They are also supporting Bluestar Technology and Luo Sheng. At least the moral support is in place.

Everyone knows that Luo Sheng and Bluestar Technology are fighting against Wall Street. This is really not something ordinary people can play.

But not all of them have good intentions. Among them, there are also many malicious ones. There are many large, medium and small business owners in China who hope that Wall Street can bring Luo Sheng and Bluestar Technology to the ground, so that they have More opportunities to come.

This "blue whale" fell down, and everyone could eat it into a big fat man.

The shopping mall is like a battlefield, and the waves are confusing. Whether there will be a "friend" stabbing a knife in the back depends to a large extent on whether you give him a chance or not.

Over time, Wall Street finally got its hands on it.

...

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