nucmednet Chapter 254 The Greatest Crisis Meng Chuan Encountered
Chapter 254 The Greatest Crisis Meng Chuan Encountered
"what happened?"
Meng Chuan frowned, a vague unease creeping into his heart.
Ollie's voice came from the other end of the phone, tinged with a hint of mockery:
"Simply put, your actions yesterday were too conspicuous. You wanted to fleece retail investors, but the higher-ups wanted to fleece you."
Meng Chuan's heart sank; as expected, man proposes, God disposes.
Although he controlled thirty accounts, operating them in a decentralized manner.
However, the abnormal fluctuation of 30 billion shares being borrowed and sold in a short period of time has obviously attracted the attention of regulators.
It is now clear that some capital had received advance notice and is maliciously shorting 02's stock.
Moreover, the short selling amounted to £200 billion, which leveraged transactions exceeding £400 billion.
This is no small amount.
Although the EU held a meeting and decided to oppose the acquisition, they did not immediately announce the news.
The reason is simple—once the news is announced, 02's stock price will inevitably plummet.
Capital that chooses to short the market will immediately withdraw more than £400 billion from the stock market.
The British economy has been sluggish in recent years.
They are often taken advantage of by Americans.
If we lose another 400 billion now, it will be adding insult to injury.
Conversely, as long as they do not release the news for the time being, the stock price will continue to rise until the short-selling capital can no longer hold on and is forced out of the market.
In this way, the 400 billion won't be taken away, and the 200 billion principal from short selling will also be evaporated.
It's said to have evaporated, but in reality, it means that the 200 billion yuan was trapped in the stock market.
This can greatly alleviate the losses of stock investors.
This also alleviates the economic pressure on Britain.
"Holy crap, you can do this? Isn't this cheating?"
Meng Chuan couldn't help but burst into a tirade of curses.
He thought he was in complete control of the capital market, but he never expected to be outmaneuvered by a higher level of power struggle.
What happened to democracy?
Where is the freedom we were promised?
What happened to the promise of a capitalist society where the market self-regulates?
These hook-nosed people, at a crucial moment, openly interfered and resorted to underhanded tactics.
Ollie smiled, his tone relaxed:
"It's not a matter of them cheating; they also have to consider the people's interests. But don't worry, this news won't be covered up for long, at most a day or two. As long as you can hold out, the situation will turn around."
Ollie made it sound easy, but the reality is far more complicated than that.
If the stock price rises even slightly more, Meng Chuan's cash flow will collapse.
"I can't even last half a day, let alone a day or two."
Meng Chuan said dejectedly.
This setback was the biggest defeat he had ever suffered since his rebirth.
Everything had gone too smoothly before.
This made him somewhat complacent.
Indeed, those who try to get fat in one bite often end up choking.
"It's not necessarily true that you can't hold on. You can continue to borrow money from me."
Ollie's voice suddenly became meaningful.
Meng Chuan frowned and asked in a deep voice:
"What conditions?"
He didn't believe Ollie would lend him money unconditionally.
These capitalists never do business that loses money.
"You know what I want."
Ollie didn't say it explicitly, but Meng Chuan instantly understood—Oli had always coveted Douyin's shares.
“Mr. Ollie, let me tell you frankly, it’s impossible.”
Meng Chuan refused without hesitation.
Douyin is his core asset, and he would never give it up easily.
Ollie, however, remained calm and composed, his tone carrying a hint of threat:
“Meng Chuan, don’t be so quick to refuse. Think about it, without my financial support, you’ll collapse immediately. In that case, Douyin will still be mine.”
Meng Chuan sneered and said confidently:
"You're overthinking it. Even if I get liquidated, I'll only lose 100 billion. The 168 billion was what I earned before, so losing it won't bother me. I can pay back 100 billion pounds."
Meng Chuan had considered the consequences.
The contract he signed with Ollie stipulated that if he couldn't repay £100 billion, he would have to use Douyin and Pinduoduo as collateral.
But Meng Chuan never intended to hand over these two companies to others from the very beginning.
He can sell some of his shares and cash out whenever he wants.
Pinduoduo, in particular, is really doing well now.
If Meng Chuan is willing to give up 75% of Pinduoduo's equity in exchange for 500 billion RMB.
Meng Chuan believed that plenty of people would be lining up with money to buy it.
In addition, if he cashes out the domestic stock market shares he holds, it wouldn't be difficult for him to get 500 billion yuan out of the market.
A mere 1000 billion pounds is just over 100 billion yuan.
Meng Chuan can really afford to repay the debt, and he doesn't even need to use Douyin's equity.
Ollie was clearly taken aback by Meng Chuan's firm stance, and his tone faltered.
"You...you never intended to lose Douyin to me from the very beginning?"
"To be honest, that's really the case."
Meng Chuan spoke frankly.
Ollie is openly trying to take advantage of the situation and seize his Douyin shares.
Meng Chuan no longer needed to hide things from him.
The idea of killing him was abandoned.
Ollie was instantly enraged and said:
"Damn it, you tricked me! Aren't you afraid I'll really stand by and do nothing, causing you huge losses?"
Meng Chuan, however, didn't seem to care at all, and said in a relaxed tone:
"So what if I suffer a loss? I can afford to lose it anyway."
"Originally, I just wanted to make a fortune in the stock market and accumulate some capital to cope with the stock market crash in 2015."
"Now I've lost everything, all my principal is gone, and there's nothing I can do about the stock market crash. Whatever happens, happens!"
Meng Chuan paused, his tone carrying a hint of provocation:
"However, this will require Mr. Ollie to choose a new partner. I can't help you with your old rivals who want to cheat you."
Ollie was furious, but there was nothing he could do.
Meng Chuan clearly had his weakness in the matter.
If Meng Chuan goes bankrupt, Aoli will face the onslaught of his old rivals alone, and the pressure will be immense.
But if Meng Chuan made a fortune in the stock market while he himself gained nothing, he would feel resentful.
"You mean you want me to help you through this crisis for free, and you just sit back and reap the benefits? You're dreaming!"
Ollie said angrily.
Meng Chuan smiled, his tone relaxed:
"How can this be considered free? You provide the capital, and we short the stock market together. We all make money together! If the Ouling Alliance wants to scam me, they will definitely continue to push up the stock price, hoping I'll be liquidated. And the higher the stock price, the more we'll earn in the future. It's a win-win situation!"
"you……"
Ollie was so angry he couldn't speak.
He had never seen such a shameless person.
They were clearly begging me to pay for their life-saving treatment, but they acted like they were carrying me on their coattails.
The key point is that he really had no choice but to help.
"Alright, the market's about to open, I can't chat with you anymore."
Meng Chuan glanced at the time and said in a relaxed tone:
"If you've thought it through, transfer another three to five hundred billion to my account. I'll definitely make you a fortune this time."
With that, Meng Chuan hung up the phone.
What Meng Chuan didn't know was that the moment he hung up the phone...
Ollie was so angry that he smashed the phone in his hand on the ground.
Cell phone parts were scattered all over the floor.
At that moment, Meng Chuan hung up the phone with a smile, but the smile on his face instantly turned gloomy.
Fingers tapped lightly on the table:
"Is this just a coincidence, or is Ollie deliberately trying to frame me?"