Gu Bai looked at the comments section under Hongye Building Materials and slowly revealed a cold smile.
Even though Gu Xin and Gu Si were robots, they couldn't help but shiver at that smile.
Gu Bai looked at their expressions and laughed, "I wonder if there's a phrase in your programming called the last straw that breaks the camel's back?"
Gu Xin and Gu Si exchanged a glance, then nodded toward Gu Bai.
"Now everyone thinks Hongye Building Materials has spent over a billion to stabilize the stock market, but I suppose their funding is nearly exhausted. In that case, let's add one more straw to this dying camel."
"The 1.2 million shares of Hongye Building Materials I bought at the peak a few days ago, sell them all."
Since Gu Bai knew Zhu Hongye had taken a 1 billion loan from Construction Bank, he was bound to make some preparations. These 1.2 million shares were acquired in bits and pieces when retail investors were selling off. The price for these 1.2 million shares could even reach the current price of 2 million shares. Originally, after dumping the stock, Gu Bai could still profit by tens of millions, but after selling these 1.2 million shares, he would incur a loss.
However, the loss wasn't much, less than 20 million.
Merely 20 million was nothing in his eyes. After all, to take down Hongye Building Materials, Gu Bai prepared a full 10 billion, and the stock market was only the first step.
This time, Gu Xin and Gu Si didn't direct others to operate but personally sat in front of the computer to execute the transactions.
These 1.2 million shares were all purchased using Gu Bai's private account. With just 1.2 million shares, even if the Securities Regulatory Commission wanted to investigate, they couldn't say anything. This was legitimate stock trading.
Just as the shareholders of Hongye Building Materials were about to celebrate, a trader closely monitoring the market saw another flood of offers coming in and broke out in cold sweat.
"Chairman Zhu! Another 1.2 million shares have flooded the market!"
Zhu Hongye, who originally had a slightly indifferent expression, pushed the trader aside upon hearing this and stared intently at the rising green line on the computer screen.
"If we add the 250 million shares from a week ago, does he hold nearly a billion shares of our company?"
Zhu Hongye's face was full of disbelief.
The circulating shares on the stock market only amounted to 1.56 billion, and a billion shares already constituted two-thirds of the circulating shares. Having two-thirds of the circulating shares in one person's hands could heavily influence a company's stock price movement. Moreover, Hongye Building Materials was like a frightened bird in the eyes of the public investors; any slight issue would be magnified a hundredfold.
"Chairman Zhu... what should we do now?"
The head of the trading team stood next to Zhu Hongye, asking quietly.
Zhu Hongye slowly turned his head to look at him, saying nothing, but continued to stare fixedly at the stock market's movements.
With the submission of 1.2 million sell orders, the stock price of Hongye Building Materials plummeted once again without restraint. This time, no one came to the rescue, and within ten minutes, it dropped to the limit down.
The retail investors who had been waiting for Zhu Hongye to intervene realized there was still no movement from Hongye Building Materials. The seasoned investors immediately grasped the situation.
The funds of Hongye Building Materials were insufficient.
In an instant, the veteran investors waiting on the sidelines submitted various sell orders again. Within minutes, the 1.2 million sell orders turned into over 3 million and continued to increase.
If it weren't for the domestic stock market restrictions, just this wave of operations would have plummeted Hongye Building Materials by 20% or even 30%.
The stock trading commentary section of Hongye Building Materials became lively again, but this time, few were optimistic about it.
"Hongye Building Materials is finished. If they don't secure funds to stabilize the market in the coming days, according to the trend, there will be at least 3 to 5 more days of price limiting. The market value of 6.3 billion may be halved in a few days."
"I really learned a lesson this time, lost over 400,000. If I hadn't stopped in time, I might have lost even my nest egg."
"Let's see how it unfolds. After all, Hongye Building Materials is an established company. They probably spent over a billion on today's operation, so taking out a few million more shouldn't be a problem."
Apart from these rational investors, some fools were still frantically clamoring for a bottom fish.
At this point, everyone knew Hongye Building Materials was a ticking time bomb. Those still shouting about buying the bottom were either stupid or malicious.
These are the people who usually persuade others to buy "quality stocks." When others lose everything, they ask how much they lost, only to be told, "What quality stock? Even dogs wouldn't buy it!"
Then they walk away leisurely. These stock market troublemakers are not only abundant but numerous. The stock market is full of people who are either foolish or malevolent.
Gu Bai looked at the lamenting investors of Hongye Building Materials, feeling no emotion at all.
Undeniably, their losses were entirely because of Gu Bai. To call him the culprit wouldn't be inaccurate, but that's the stock market for you, that's capitalism!
The capital market has been open for so many years, and few have managed to profit from it through the stock market. Most have been harvested like chives, cut repeatedly. The moment you decide to step into the stock market, you should have foreseen a day like this.
This is why Gu Bai never planned to profit from the stock market. After all, targeting Hongye Building Materials for revenge might not get him into trouble with the authorities, but if he intended to reap profit by capitalizing on the situation, the powers that be would not tolerate it.
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