Dong Qiangqiang's Story of Leaving Germany

Chapter 725
On the fourth day in Paris, at 22:43 in the evening, Duanmu's profile picture lit up again on MSN.

"Why didn't you go online last night?" Duanmu asked on the other end of MSN, "You can't get through the phone."

"I squatted outside the garbage factory all night last night." Dong Qiangqiang typed on the keyboard, "The place is too far away, and the mobile phone signal is not good."

"How is it? Have you gained anything in the past few days?" Duanmu replied immediately after asking, "My side is going well, but it may take a week to go back."

"On the first day of guarding the garbage factory, four cars went in, two came out, and I didn't look at it at night. On the second day, five cars went in and four came out. I didn't leave or enter the car all night. Tonight at 7:30 Before leaving, three trucks went in, and three trucks came out. I followed the last garbage truck back to its company and was not found by it.”

"Then there are not many cars (times). Are you sure there is only one door for the garbage factory?" Duanmu reminded, "Would you miss the car going through the back door?"

"The garbage factory has two doors, the front and the back, but the back door is used by cars," Dong Qiangqiang replied confidently, "I'm afraid there is no car in the world to transport garbage? And even if it is a car, I have counted it." .Cars are also driven away from the road in front of the garbage plant."

"But Vivendi shouldn't be the only garbage disposal plant, right?" Duanmu asked suspiciously.

"Yes, but the most important garbage factory in Paris is the one I sent you. It covers the largest area and is the most famous. I haven't visited the other ones yet." Dong Qiangqiang admitted, "What I think is, if the most important If there is a problem with this (garbage factory), no matter whether the other garbage factories have problems or not, their financial data may have a question mark. Of course, I will definitely visit other garbage factories as soon as possible.”

"Well, I understand what you mean." Duanmu typed quickly, "Is the garbage truck going through the gate the one in the photo you sent me?"

"Yes, I have already checked on the Internet. All the garbage trucks photographed these days are German FAUN company's garbage removal trucks, with a load capacity of 8 tons and a steerable tail shaft, suitable for narrow French streets. By the way, this For a few days, all the cars that came out and went in were old cars, not new ones.”

"So according to your calculation," Duanmu concluded, "there's not much rubbish processed in the past few days."

"According to the unaudited financial reports of the first four quarters disclosed by the company in 2001 (the 2001 annual report has not yet been disclosed), the total amount of waste disposal in 2001 has not been lower than that in 2000, and the profit is considerable. I compare its performance with other companies that can be found. I compared it with the rubbish listed companies and found an interesting thing.”

"What's the matter?" Duanmu was aroused by Dong Qiangqiang's words.

"Many companies engaged in garbage disposal in France did not perform well in 2001. Most of them (performance) declined. Those who can barely maintain their income are considered good (companies). Only their income and profits did not fall but rose. .In other words, it is the absolute leader and number one in this industry. If so, then it should have a lot of garbage trucks every day, how could it be possible that there are only so few trucks every day? It really doesn’t make sense.”

"Time. Does it have something to do with time?" Duanmu enlightened, "The waste business in the second quarter of each year is less than that in other quarters."

"The waste disposal figures in the company's second quarterly report for 2001 were higher than those in the first quarter of that year, and Paris is one of the top five major cities for international tourism, and Easter has just passed, with many people, vehicles, and consumption, the amount of daily waste is reasonable. It should not be less, not to mention that after 911/2001, there were many more tourists in Paris than in previous years.” Dong Qiangqiang recalled Lao Bai’s previous analysis, and continued to explain, “I also found the [-] French major cities published by the French Statistics Office. The amount of domestic waste per capita, the amount of domestic waste per capita in Paris is stable all year round, much higher than that of Marseille, which ranks second."

"So based on the above information, you suspect that the company's financial fraud in the garbage disposal in 2001, right?"

"First of all, the number of trains (for garbage transport) is small, and then the carrying capacity of each car is limited. These are different from what it disclosed last year." Dong Qiang sipped his coffee, "Of course I know that my observation samples are too small. These are simple inferences, and the ugly ones are subjective conjectures, which are meaningless if they are not professional, and it is very likely that they will draw wrong conclusions."

"So?" Duanmu asked intentionally.

"So in the next few days I won't be standing guard at the gate of this garbage factory. I plan to go to several other garbage factories. I will also go to its customers to find out. I saw several customers disclosed in the quarterly report. , I found a few more from the Internet, and I also wrote down the one I followed the car at the end of today, and I have to run for these two days to see if I am a fool or a fool."

"Hey, you are finally on the road." Duanmu boasted, "I really saw the right person."

Duanmu's praise made Dong Qiangqiang very helpful, but he still remained humble: "I found several foreign financial websites on the Internet, and there are very detailed due diligence templates and due diligence instructions on them, which can be downloaded for free. I probably passed Once again, I may not be able to use many of the methods in it this time. For example, people say that I can go to the company to directly check the books, check the original vouchers, check the original contract, or directly communicate with the person in charge of the relevant business department, etc. I can’t do these things. Yes. However, some of the methods mentioned there overlap with the documents you gave me, so we can learn from them.”

"Those standardized due diligence templates are basically prepared for accountants, auditors, credit rating experts or investment bank professionals. The treatment they get when going to companies is very different from what we get when going to companies, and the information they get must be poor. Further, it is useless for you to copy it." Duanmu made a sighing face in the dialog box.

"I know, but that's not what I'm worried about," Dong Qiangqiang wrote.

Duanmu put a question mark under Dong Qiangqiang's words.

"First, even if I can prove that its waste disposal data for this year is problematic, I cannot prove that its data for last year is problematic. Second, I don't know how it will disclose its waste disposal data for 2002 next year. Do we have to wait for it to release its annual report next year before shorting it? But that’s too late, right? We’re betting on Blacksburg’s performance this year’s profit.”

"Don't wait for next year, its second quarter report should be released in early July this year. We just need to collect as much evidence as possible about its suspected fraud before it discloses the data. It publishes the second quarter report in the front, and we will follow it later. Send a short report. You really can’t prove that the company’s data last year was wrong, but now the financial market is in turmoil, and everyone in the listed companies is in danger. There are not 7 but [-] companies that have been targeted because of suspicion of financial fraud. At this time, what the truth is is no longer important, what is important is that we can come up with a weighty questioning report at the right time, and that is enough."

"I understand what you're saying, but the quarterly reports are all unaudited data. The company can find an excuse to revise the data that we questioned after the fact. What should we do then?" Dong Qiangqiang asked, "Isn't that just a bamboo basket?" Is the fetching empty?"

"As long as our suspicions are well-founded and the evidence is available, we are not afraid that it will not fall." Dong Qiangqiang could feel Duanmu's pride through the computer screen, "We can either directly short it, or buy its American put price. Option, as long as it falls enough, we will immediately cash out and make money. Your idea just now is very good, what should we do if the company revises the data. My idea is like this, you go to the market tomorrow to buy one that is on the market. The best camera is the one that can take pictures very clearly, and then take pictures of the garbage trucks going in and out of different garbage factories throughout the day. You may not be able to take pictures for a week, and you may need to take pictures for a month or even longer. Once you take pictures of these Video, no matter how the company revises it afterwards, these records of yours cannot be erased. So, old director, I’m afraid you have a lot of things to do next. I think your direction is okay, so go ahead and do it boldly!”

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(End of this chapter)