These past few days, the top management of Fangyuan Pharmaceutical has been in an uproar.
It's not just Fangde itself; everyone's stocks are depreciating now.
"Chairman, where is Vice President Fang? Our company's stock price is about to collapse. Please get those other companies to boost it again."
"Yes, didn't Vice President Fang already go and negotiate with them? Why won't he be seen?"
"Chairman, we need to find someone to stabilize the stock price quickly; this can't go on..."
Inside the meeting room.
Everyone was sighing and complaining.
In the past few days, Fangyuan Pharmaceutical's stock has almost fallen back to its issue price.
These people originally wanted to cash out as well.
Unfortunately, I had just placed an order for the stocks I had in hand.
This will lead to more low-priced stocks being sold off.
In addition, these shareholders hold an astonishing number of shares, so there are hardly any shares available for others to take over.
If the price continues to fall, the stock will eventually drop to its issue price.
Wouldn't everyone have worked for nothing in the end?
Seeing that everyone was looking at him, and hearing the resentment in his voice, Fang De could only try to appease them:
“I’m already thinking of a solution. Also, Fang Yu hasn’t been feeling well these past few days, so he hasn’t been able to come over.”
"He's not feeling well, but he can't just hide and avoid people!"
"Yeah, what's the deal with those financial institutions Fang Yu contacted? Didn't they sign contracts? Aren't they afraid of losing money?"
"Chairman, quickly call Fang Yu over. If all else fails, produce the contracts now and make those companies pay up!"
The crowd was filled with excitement.
now.
I already know the directors of those financial companies and am trying to communicate with them.
But the result was...
The other party simply doesn't answer the phone.
"Chairman, we haven't been able to contact those financial companies since yesterday. Even if we use the contracts to demand compensation, it's simply not enough to cover our losses!"
These words were spoken.
Everyone seemed to understand something.
Those financial companies probably weren't looking to earn contract fees.
The returns they gain from driving up stock prices are not where their profits come from at all.
Most likely, the other party is shorting Fangyuan Pharmaceutical.
This allows them to generate profits.
I've been in contact with these companies.
Who else could it be but Fang Yu?
"Fang De, what does your son want to do? Why hasn't he come out yet?"
"Yes, I just checked those companies. They've always had a terrible reputation in the industry. To put it bluntly, they're just a few short-selling firms. Is Fang Yu colluding with them to bring down the companies?"
Seeing this, a fat, big-eared director quickly spoke up:
"Now that you mention it, I understand. So, Fang De, are you trying to short your own stock using this method?"
Everyone: "..."
After hearing this, everyone was speechless.
This was the first time they had ever heard such bizarre remarks.
One shareholder couldn't help but complain, "Chairman Li, how did you come up with the idea of shorting your own shares? The chairman holds the most shares; wouldn't he be the one who suffers the biggest loss by shorting himself?"
This director, surnamed Li, was a spoiled brat in his younger days.
He's not very intelligent, and he knows absolutely nothing about finance.
In other words, Fang De and his father always had a good relationship.
That's why they didn't kick him out of the board.
Seeing everyone looking at him, Chairman Li asked in confusion, "Why are you all looking at me? Is this not allowed?"
Everyone: "..."
Everyone cursed inwardly.
That idiot, I really want to slap him.
But before a solution could be found.
Outside the meeting room, a secretary rushed in.
"No, something terrible has happened! Chairman, something terrible has happened!"
"What's wrong? What's wrong?!"
At this moment, everyone looked at the secretary, and their hearts skipped a beat.
"Chairman, directors, our company's pre-IPO financial report has been leaked for some unknown reason."
"The inside story of our company's inflated stock offering price was completely uncovered there."
"Now, Fangyuan Pharmaceutical's stock price has hit the daily limit down again!"
"ah……"
Inside the meeting room, a chorus of wails erupted.
Faced with such an outcome, it's probably not as simple as just losing money.
The stock price collapse will also directly lead to a further reduction in Fangyuan Pharmaceutical's assets.
Even in the future, companies that have cooperated with Fangyuan Pharmaceutical will likely switch to other pharmaceutical companies due to these negative news reports.
It's important to understand that Fangyuan Pharmaceutical's IPO was originally intended to prolong its business.
It is no longer possible to obtain substantial financial support from the stock market.
The final result was bankruptcy liquidation.
Seeing that the situation had spiraled out of control, these people were all enraged.
They all cursed.
"Fang De, this is all your son's doing! Tell me! What exactly does your Fang family want to do!"
"Fang De, let me tell you, Fangyuan Pharmaceutical doesn't just belong to your Fang family, it belongs to all of us here. If this continues, we'll all be finished!"
"Damn it, why waste your breath on him? Tell him to bring Fang Yu back. If you don't give us an explanation today, you're not leaving this meeting room!"
Looking at the crowd criticizing him, Fang De recalled Fang Yu's sudden departure a few days ago.
Blood rushed to his head instantly.
He could no longer hold on and collapsed.
Half an hour later.
The Fang family members all gathered outside the emergency room.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
Continue read on readnovelmtl.com
