Conversely, if the second and third shareholders also join in the sell-off, Ouyang Ming will be left isolated and helpless.
Whether the group will still be his by then is hard to say.
Inside the meeting room.
Ouyang Ming said, "Everyone, the Ouyang Group's stock price is currently plummeting because someone is maliciously shorting our Ouyang Group's stock price. I assure you all that as long as we stand together and do not reduce our holdings, the Ouyang Group can hold on, and the rumors outside will be dispelled on their own."
The second largest shareholder representative was a 50-year-old middle-aged man. He looked at Ouyang Ming and said, "Chairman Ouyang, I've seen the news too. Can you guarantee that what they said isn't true?"
this......
Ouyang Ming even had the urge to strangle him. Isn't that obvious? The Ouyang Group's current success is naturally inseparable from some shady methods.
Otherwise, where would the profits come from to distribute dividends to them?
"Uncle Ming, what are you saying? Don't you know what the Ouyang Group is like? I, Ouyang Ming, will be the first to object to anything that violates the rules and regulations."
"To reiterate, the decline in Ouyang Group's stock price is not beneficial to any of you. I will expedite the public relations and media efforts, and once this matter is clarified, our company's stock price will naturally return to its original state."
"I hope so."
The man called Uncle Ming smiled but said nothing.
In fact, it wasn't just him; everyone present had a pretty good idea of what was going on.
Although the jewelry industry is extremely profitable, stockpiling inventory accounts for 70% of working capital every year, not to mention the money lost due to misjudging the market.
The profit model of the jewelry industry is somewhat similar to that of the real estate industry.
The difference is that jewelry gambling has a large element of it.
For example, a jewelry company goes to Myanmar to purchase raw materials, such as jadeite, finds craftsmen to process these materials, and then tries to sell them.
Normally, jewelry companies don't gamble on stones; they adopt the most conservative purchasing strategy. In layman's terms, the material is already clear and there's no risk involved.
However, such materials often have very low profit margins and long sales cycles, making them a losing proposition.
Against this backdrop, many jewelry companies hire experts to purchase partially opened rough stones, which are usually stones with a window cut into them. There is an element of gambling involved, but in general, with an expert examining them, the possibility of loss is small.
The last type is raw stone, also known as rough stone gambling, which looks no different from a regular stone.
Even in 2022, no instrument can tell what the inside of a rough stone looks like just from its appearance.
At this point, it is up to the experience of experts to judge the internal condition of the raw stone.
Of course, risks and benefits are proportional.
The probability of losing money in gambling is quite high. For example, news reports say that someone cut a rough stone and found it to be glass-type jade, making hundreds of millions of yuan.
You know that's news.
Just like when you see news reports that someone won the lottery, there are many more people who didn't win, but why don't the news report that?
Ouyang Ming's Ouyang Group was involved in selling inferior jade stones, which had failed in gambling, at high prices.
Driven by profit, some seemingly high-end glass-type jadeite pieces may actually be high-tech products.
......
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