Chapter 103 Wall Street is the Biggest Gold Mine



When watching "The Wolf of Wall Street" that year, Hardy admired Jordan's operations. They mainly targeted small and micro-cap stocks, packaged them in exaggerated propaganda, and deceived retail investors into buying stocks.

For example, the so-called "future leader in America's communications industry" in the movie is actually just a workshop on a remote country road that is not much better than a toilet.

They trick people into selling their stocks, causing the stock price to rise quickly, creating an illusion and thus attracting more investor money.

When the stock reaches a high point, they start selling it and make a huge profit, while those retail investors who bought it at a high price will be stuck.

In fact, this kind of operation is definitely a financial fraud. If it is verified by the regulatory authorities, you will definitely be sent to prison. But now it is 1946, and transactions are still completed with paper, pen and telephone. There is no way to monitor communications, accounts and account assets.

Due to technical limitations, the regulatory authorities lack effective supervisory measures, and relevant laws and regulations are not perfect. As long as the operation is not too rough, it is impossible to verify.

In fact, the United States did this until the 1970s and 1980s, and even in modern times, this operation is not uncommon.

Even in the new century, when transactions are completed by supercomputers, all kinds of data are retained, various laws and regulations, and regulatory measures are complete, and even telephones are monitored, there are still people playing the game of manipulating stock prices.

The Wash Mining in Hardy's hands happens to be such a small and micro-sized junk stock, and he is the absolute major shareholder, so it is easier for him to operate.

"Andy, I leave this matter to you. Is the 200,000 yuan in the account enough?" Hardy said with a smile.

"Haha, that's enough."

Andy asked the security company's personnel to open a batch of new accounts, and he discarded all the accounts that Hardy had used before because there were traces of manipulation in them.

A total of 60 new accounts were opened.

Only three to four thousand dollars were deposited into each account.

Andy was in no hurry to buy the stock because the value of Wash Mining was too low now and it was possible to increase the stock price by investing a few thousand dollars.

Two days later.

Wash Mining releases quarterly financial report.

Financial statements show that

In the last three months, Wash Mining had zero revenue and its debts increased by $110,000, which was used for wages and other expenses, and the company's debt increased to $346,000.

Originally, Wash Mining was a junk stock among junk stocks, with no investment value. The stock price remained at around US$0.03. The reason why there were still holders was because the price was too low. People hoped that it would have good news and the stock price would go up.

Unexpectedly, the new financial report showed that the company was as rubbish as ever, with almost no prospects for appreciation.

As the company's financial report came out, many investors became increasingly disappointed with Wash Mining.

Some people originally considered buying at the bottom, investing a few thousand dollars was not a lot, but they did not expect that Wash Mining was actually a bottomless pit.

"I think this junk company will be delisted sooner or later. It's better to sell it as soon as possible, otherwise you may lose all your money."

"I think there is no need to hold on to it anymore, so I am ready to sell it."

As investors lost confidence in Wash Mining again, its stock price fell again, from $0.03 to $0.02. A large number of sell orders appeared, and people wanted to clear out this junk stock as soon as possible.

At this time, Andy took action and began to purchase the outstanding shares of Wash Mining.

He takes what someone offers.

Just like that, the stock price was pulled back to 3 cents.

However, many people are still pessimistic about the company's future. Many people laughed and said, "Maybe the major shareholder bought it himself. It is probably the last struggle, haha."

"We can't fall into this pit again."

A few days later, the share price of Wash Mining tended to stabilize. After all, its value was small, and some people were still willing to hold it in the hope of seeing it rise one day.

But at this time, a financial newspaper published an analytical article, which thoroughly exposed the Wash Mining Industry.

The headquarters of Wash Mining is in San Francisco. Now, apart from the headquarters, it has almost no profitable projects. The only external investment is the land purchased in New Mexico. However, facts have proved that there is no mineral vein there and it is simply a wasteland.

Some even say that Wash Mining may be forced to delist, at which point the stock price will be even lower and shareholders will lose all their money.

This time.

Those who had originally intended to wait and see could no longer sit still and had to sell their shares at a loss. The share price of Wash Mining fell again, and a large number of sell orders appeared.

Taking advantage of this opportunity, Andy bought in a large amount again.

In just one week, he used dozens of accounts to acquire 80% of the outstanding shares of Wash Mining.

The stock price remains around three cents.

Just when people thought that the Wash Mine was doomed, a week later, an advertisement was published in the New York Times, the largest newspaper in the United States.

The photo shows a beautiful glass bottle, which looks very much like the Baisui Mountain mineral water bottle of later generations, with the Rocky Mountain pattern and trademark printed on it.

"Rocky Mountain mineral water."

"Rocky Mountain mineral water has a pH value of 7.3±0.5, is slightly alkaline, and has a naturally sweet taste. It is the result of the melting of the Rocky Mountain glaciers, and the nurturing of the mountains over thousands of years. It contains mineral ions and trace elements necessary for the human body, such as potassium, calcium, sodium, magnesium, and metasilicic acid. It is naturally pure and has a sweet taste. It is a top-grade mineral water that is beneficial to health and suitable for long-term drinking by the human body."

"Rocky Mountain mineral water is a little sweet. A healthy new life starts with Rocky Mountain mineral water!"

"Our company will launch two types of drinks, mineral water and sparkling water, to improve the quality of your life."

There are a lot of advertisements in newspapers now, but people don’t pay too much attention to them. They just think that this mineral water sounds high-end.

Things like mineral ions and trace elements were all new and intimidating terms to people in the 1940s.

Hans is a newspaper editor who often trades in stocks. He didn't pay much attention to the advertisement, but he was stunned when he accidentally saw the mineral water company.

The company that owns Rocky Mountain Mineral Water has two names on its label, one is Mabel Mineral Water Company and the other is Wash Mining.

What is going on?

Why is Wash Mining getting back into the mineral water business?

Out of curiosity, he called the business management department and found out that the mineral water company did have shares in Wash Mining, which held a 20% stake and had been registered just a few days ago.

After discovering the Rocky Mountain Water Vein, Hardy called Mike. This piece of land was Hardy's territory, and Mike felt that he could not use it for nothing. So the two discussed that it would be better for local mineral companies to directly establish their own brands.

The Rocky Mountain mineral water plant was called Rocky Mountain Mineral Water. It was established as a separate company, with Hardy and Mike each holding 40%, while Wash Mining provided land and water resources and held a 20% stake.

If mineral water resources are discovered in other places in the future, the resource costs will be calculated accordingly. If purchased by a mineral water company, the two will each own 50%.

The official contract was brought from New York a few days ago, and Hardy signed it to make it effective. Andy calculated the timing very well.

Hans was not the only one who discovered this. A few days later, a financial newspaper reported this incident.

"The land that Wash Mining purchased in New Mexico did not contain any mineral veins, but a large amount of high-quality water resources were discovered. Mabel Mineral Water Company discovered that the mineral water here is of very high quality and reached a cooperation agreement with Wash Mining."

"In the agreement, Wash Mining invested land and water resources and held a 20% stake in the mineral water company. According to the head of the mineral water company, the mineral water company is preparing to build a large-scale enterprise with an annual output of 50,000 tons of mineral water."

"The reporter roughly calculated that if the mineral water company's sales performance is good, with an annual sales volume of 50,000 tons, the profit can reach one million US dollars, which means that Wash Mine can get a share of 200,000 US dollars every year, and it will increase year by year."

"Before, Wash Mining was a complete junk stock. They spent a lot of money to buy a large piece of land, but did not find any mineral veins. The investment went down the drain. But now they seem to have found an alternative mineral vein. Water resources will become a continuous source of income for their company. All investments can be recovered in one year, and there will be countless years of gains in the future."

"Wash Mining has now escaped the category of junk stocks."

As the report came out, many people immediately paid attention to the stock of Wash Mining.

"The Wash Mining Industry has come back to life. It has found a way to make money. Although it didn't find copper or iron mines, it did find mineral water."

"Their financial report half a month ago said that their revenue for the previous quarter was zero and their debt increased. Is this news true?"

"It has been verified and is true."

"Why didn't the financial report show this before? It was only reported after I sold the stocks. This is really abominable."

"This is normal. The financial report only reports the income and expenditure of the previous quarter. In addition, the cooperation agreement was only recently completed. It will probably take a long time for the mineral water company to generate income. In recent months, the financial report of Wash Mine is estimated to be zero."

"I regret selling Wash Mining too early. Now that I have a stable way to make money, Wash Mining's stock price will definitely rise significantly."

"What are you waiting for? Go buy it!"

Countless people began to rush into the stock market and placed orders to buy Wash Mining shares, but they found that no one was selling Wash Mining shares.

No one is a fool.

How could you possibly sell it if you knew that Wash Mining would definitely rise sharply in the future?

Moreover, most of the outstanding shares are held by Andy. He is sitting firmly on the fishing platform, so how can he sell the shares at will?

That's it.

The stock price of Wash Mining began to soar, rising from $0.03 all the way to break through one cent, two cents, three cents...

In just a few days, the price climbed to $0.55 per share. At this price, the stock price began to calm down. After all, it was just good news. No real benefits had been seen. The mineral water company had not been built and had not really made a profit. Who knew how much money it could make.

But even so, it has soared 18 times from the lowest price.

Many people made a fortune.

After all, there are still some circulating shares on the market. Someone previously bought $1,000 of Wash Mining stock, and now it has turned into $18,000.

Of course,

Hardy made the most money.

He holds 75% of the shares and 80% of the circulating shares, which is equivalent to holding 92.5% of the stocks. Now the stock price has skyrocketed 18 times, and the value of his Wash Mining shares has soared to 5 million.

After looking at the data, Hardy showed a relieved smile on his face. With someone like Andy who is proficient in finance operating the business, it was so easy to make money.

In his previous life, he had heard a saying that the largest gold mine in the world is insignificant in front of Wall Street, and Wall Street is the largest gold mine in the world.

"Andy, are you going to sell the outstanding shares for cash next?" Hardy asked.

Andy shook his head. "Wash Mining still has a lot of room for operation. If you need money, I can help you find a bank to borrow the shares you hold. It's easy to borrow two or three million."

"Okay, then help me borrow 1 million first."


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