I really don't want to hang up

Chapter 223 Preparations for Short Selling

Corral Mining, is a good stock.

In just a few days, it rose from 5 pounds to 9 pounds. Judging from this posture, there is still room for growth.

There are gossips circulating in the exchange that Coral Mining is about to get a sky-high order, and the deposit alone is a full 1 pounds!

Once the large order of ten years is negotiated, the profit of Coral Mining can immediately increase several times, even ten times!
If the sky-high price order is confirmed, the stock price will soar!
At this sensitive time, many people preemptively purchased Coral Mining and have already made a lot of money from it. Some people choose to wait and see.

The whole exchange, waiting for the boots to hit the ground,
Coral Mining Fog City Headquarters is holding a high-profile reception in a low-key manner.

A bald manager raised his wine glass and said courteously,
"Mr. Todd, I wish us a happy cooperation."

Todd Barker, a noble son of God.

Everyone knows the status of the Buck family in the Kingdom of God.

Although Todd had some gaps with his family in the early years and fled to Wudu, in the final analysis, he is still a direct descendant of the Buck family.

As we all know, the people of Shenbang pay great attention to bloodlines and family inheritance.

As long as Todd is willing, nods his head, and compromises with the family, he can still return to Shenbang to accept the family business.

Todd, who was dressed in a luxurious service, was not used to it. Although he was proficient in all the etiquette, he preferred a relaxed and comfortable environment, not here, wasting his life talking hypocritical words with a group of human spirits.

"This cooperation is not pleasant, Mr. General Manager."

Todd did not raise his glass, but said coldly,

"I said that our cooperation must be kept secret before signing the contract. Look at it now? The city is full of fog and storms. If other people get the news in advance. Hehe, you should know the result."

"Sorry, sorry, those news mongers are like flies, they are everywhere."

While the general manager apologized, he assured Todd again and again that such a thing would never happen again!

"I hope so!"

Todd put down his glass and said slowly,
"The experience of this dungeon made me understand that only by returning to the family can a person live decently in this world. We who leave the family are like water without roots, and the dead leaves on the trees are all clouds."

As he said that, Todd looked out the window with deep eyes, not knowing what he was thinking.

After reading the lines ordered by Mr. Luden, Todd politely refused to be retained by others, and left alone, disappearing into the night.

This reception is for Todd.

After the VIP left, the general manager waved his hand to signal everyone to continue, and he went into the office.

Corral Mining's chief accountant, or chief financial officer, followed, looking sad.

The chief accountant took a sip of his wine and said worriedly,
"Boss, I think this is too weird."

The general manager sat on the armchair and asked, "What's so weird?"

The chief accountant spread his hands and counted,
"Suddenly a guy came out and said that he wanted to order goods worth millions of pounds. Our mines and coal are indeed cheaper than Shenbang's, but they are not much cheaper. The freight price is still fluctuating, and there are still losses during transportation. .Boss, I don't know how the Buck family makes money from this business!"

"Idiot, you only have money in your eyes, don't you?
They can only calculate the accounts of the transaction book, only calculate the money, and have no view of the overall situation.

No wonder you are just an accountant who can only make a little money for the company. "

The general manager lit a cigar, condescended, pointed,
"Have you considered any other implications of this sale?"

Other influences?

Even if the chief accountant was scolded, he still smiled and continued,

"In addition to selling mines, what other influences can we have?"

"What does the Buck family do, do you know?"

The general manager knocked on the table and said confidently,
"Their family did mining, smelting, and forging in Shenbang. The coal and ore we transported there, they can digest it directly, and don't need to sell it to others!

And you think this Todd is a fool?People are smart!
If we want to win this order, we must expand the production scale, and all the machinery and equipment we need must be bought from the Buck family!
He not only gives us money, but also earns us money! "

Expand production scale?

It was the first time that the chief accountant had heard of it, so he immediately became anxious and said quickly,
"We don't have that much cash in hand."

They are mining companies, heavy on assets, and not too rich in cash flow.

In the view of the chief accountant, it is necessary to be more cautious about expanding the scale of production.

"What are you afraid of? Money is not easy to deal with?"

The general manager snorted coldly,
"Didn't you see how much our stocks have risen to? When the time comes to pledge part of the stocks, won't we have money to buy equipment?"

If so, the whole business can indeed make a lot of money.
Use rising stock prices to finance the purchase of equipment at low cost, expand production scale, earn profits from long-term transactions, and then redeem the stocks. The profits and financing costs are offset, but the production scale is much larger out of thin air.

Ten years later, when the cooperation with the Barker family ends, Coral Mining can eliminate a batch of outdated production capacity and restore the previous production scale, but save the cost of upgrading!

It is equivalent to an empty glove white wolf!

It sounds great.

But the chief accountant still has concerns in his heart.

"Boss, what if the Buck family breaks the contract?"

As an accountant, he always tends to think things in the worst direction.

In fact, the development of things will always be worse than people expected.

"The deposit is 1 pounds!"

The general manager's mouth almost crooked when he smiled.

"1 pounds! If he breaks the contract, we don't have to do anything, just pick up 1 pounds for nothing!

Could there be anything better than that, God the Father, we're in luck!Our stock will go up to 15 pounds, no, 20 pounds! "

The chief accountant was thrown out of the office, and when he closed the door, he heard a muffled sound.

"boom!"

In the office, there was another celebratory sound of opening champagne.

Sanatorium of St. Peter.

Todd spread butter on the bread and enjoyed his dinner.

It's better to eat at home.

Hannibal asked, "How much money do we have?"

Without raising his head, Lu Deng said casually,
"A total of 1622 pounds when activated."

From the hands of the cadres in the Santa Fe neighborhood, Lu Deng collected hundreds of pounds and managed to scrape together a thousand pounds.

Including Miss Miller's commission, Luden also mortgaged the orphanage's house, making a total of 1622 pounds.

Luden deposited the money in the bank, opened a certificate of deposit, and then went to the exchange non-stop, using the 1500-pound certificate of deposit as a pledge to borrow the shares of Corral Mining with 2 times the leverage.

At that time, Corral Mining was 4.9 pounds per lot.

After deducting various expenses, Luden borrowed a total of 600 lots of stocks, and needed to repay 21 lots of Coral Mining stocks within 660 days.

Wudu Exchange, as a healthy, free and legal exchange, allows short selling.

why not?
After all, if stocks are not allowed to fall, then most likely they will not rise.

After Luden borrowed the stock, he did not sell it immediately, but held it all the time.

Today, Coral Mining has risen to 9 pounds per lot. If Luden throws away all the stocks in his hand, he can get 5400 pounds!
Hannibal scanned the documents in front of him and calculated the result.

"It's 4600 pounds short."

The deposit for this transaction requires 1 pounds, which is not a small amount!

"I mortgaged Detective Lei's house, and the bank certificate of deposit. I used the certificate of deposit to borrow some money in the bank. It should add up to 1600 pounds."

Luden said casually,

"It's 3000 pounds short."

He also didn't expect that after the bank deposit certificate was pledged on the exchange, he could still get a credit loan in the bank.

It has to be said that Fog City has more financial loopholes than Luden imagined.

Here, there is no palace of greed to monitor his every word and deed.

Luden misses that cute fat man, Justice Gured.

Although Justice Gured has been in the name of supervision, he has imposed many restrictions on Luden's behavior, so as to prevent Luden from playing with fire and setting himself on fire.

However, Judge Gu Ruide is a judge who speaks the law, not as presumptuous as Wudu.

Luden liked anyone who followed the rules.

When the rules are clear, Luden always has a way to turn himself into a beneficiary of the rules.

Hannibal nodded slightly,
"Another 5 pounds per lot of stock, and you can make up 1 pounds."

Todd was a little puzzled, and raised his own doubts,

"Aren't we going to be short? Now that the stock is going up all the way, we are losing money."

If Luden cannot take out enough stocks when the short-selling contract expires, the end will be extremely miserable!
Only when the stock falls can Luden profit from it.

"Blow up the bubble first, then there is room for short selling. The higher you fly, the worse you will fall."

It was helpless for Luden to operate in this way.

His principal is only one or two thousand pounds, and it is okay to play some small stocks as a banker. It is absolutely impossible to short a mining company.

Therefore, Luden could only leverage desperately, and use every method he could think of to expand the funds he could use as much as possible.

Hannibal found a problem and asked,
"By the way, I remember that when the stock went up, you need to call for a mortgage, right?"

If the stock rises too much, short sellers may lose all their money. In order to protect their rights and interests, the exchange generally requires additional funds.

Obviously, Luden didn't have any extra funds to embezzle.

Luden nodded and said his solution,
"That's right, I have mortgaged your wanted warrant."

Hannibal:
After a while, he spoke again,
"That is to say, if this short sale fails, I will walk out of St. Peter's Sanatorium for trial, and Todd must return to his hometown in Shenbang. As for Mr. Luden, believe me, the debt collector will hang you."

Todd snorted coldly, "I would rather die than go back to Godland!"

Hannibal nodded steadily,
"I understand, if we fail, all three of us will die."

"That sums it up well."

Luden finished his paperwork, stretched himself, looked at Hannibal and asked,

"Anything else to say?"

Hannibal said seriously,
"I really don't want to hang up."

Luden: .
"Relax, my friend, this kind of operation is not limited at all, it's just a little trouble."

In order to appease the emotions of the two, Lu Deng gave an example,

"Mr. Luden, the ancestor of your Microgood family, once mortgaged Ryan Jager, one of the Little Three Big Three, to an old pervert who was a pedophile during the Beast Tide War."

Todd opened his mouth slightly, he didn't expect Shenbang to have such a history.

Hannibal, who is a doctor, was more rigorous and asked,
"is this real?"

"No, there is a bit of artistic processing in it."

Todd and Hannibal breathed a sigh of relief at the same time.

Fortunately, Mr. Luden is not crazy to this extent!
Luden pointed out the flaws in the story,

"That pervert is not very old, thirty years old, young and strong."

Todd, Hannibal: .
"I miss the days when Jay the Ripper was around. At that time, you couldn't leave the nursing home."

"Me too"

When operating at the limit, life always flies by quickly.

On Saturday, Todd Buck officially signed the order contract with Corral Mining on behalf of the Buck family, and promised to pay a deposit of 3 pounds within 1 working days.

At the same time, as part of the contract, Coral Mining must also complete the contract to expand the production scale in the memorandum within 14 days, otherwise it will be deemed a breach of contract, and the principal will be refunded and double fined!
The news of the signing of the contract spread to the exchange on Saturday, and the stock price of Corral Mining rose from 9.6 pounds to 11 pounds that day!
Sunday, rest day.

On Monday, after a day of fermenting the news, enough details of the contract were leaked, and everyone believed that Coral Mining was going crazy!
At its highest, it rose to 16 lbs!
Luden sold all the stocks in his hand and collected enough cash of 1 pounds.

On Tuesday, Todd came to Corral Mining with a check and paid the deposit.

Luden was sitting in the carriage, and Todd walked out of Coral Mining's headquarters, and delivered a contract to the carriage. This was the complete version of the contract, and it could prove that a deposit of 1 pounds had been paid.

The driver was from the Strange Bird Bookstore, and it wasn't the first time he had driven for Luden.

As the time spent together grew, his admiration for Luden grew day by day, and the other party easily convinced him without doing anything.

Now, the coachman will try his best to fulfill Lu Deng's orders.

Lu Deng handed the contract to the coachman and ordered,

"Take this 1 deposit contract and go to the bank to borrow money. You can borrow as much as you can."

Luden has already paid 1 pounds in cash for this order, and he can loan out a lot of money in the bank!
After all, in the eyes of the bank manager, he can even take out 1 pounds, so there is no way he can default on his debts!

How could it be possible to cheat thousands of pounds with 1 pounds?

No fool would do such a thing.

Luden can easily lend out thousands of pounds and leverage himself again.

The coachman nodded, "Understood."

"After borrowing the money, take the money and go to the Fubao Exchange, use the money as a pledge, and borrow the shares of Coral Mining. In other words, you can borrow as much as you can."

"Understood! What about after borrowing it?"

Groom had heard about the stock, and it was going crazy.

It's just that buying this kind of stock during this time period can really make money?

The corners of Luden's mouth curled up slightly, and he smiled slightly,
"Sell it all."

(End of this chapter)