This evening.
David took a beautiful woman to a celebrity friend's party and was spotted by reporters waiting at the door, who immediately surrounded them.
Entertainment stars are stars.
Economic stars are also stars.
Walsh Minerals is hot on the stock market right now, and an interview with David Walsh is definitely worthwhile.
"Mr. Walsh, we are reporters from the San Francisco Entertainment News. Can we ask you a few questions?" the reporter asked, blocking Walsh.
"Well, go ahead and ask." David Walsh responded casually.
"Mr. David, may I ask how big the mineral vein you found is and what its reserves are?"
David thought, how can I know how big it is? But he didn't show any panic. He smiled and said, "It's quite big, but it hasn't been fully surveyed yet, so I can't tell you the specific data."
"Then may I ask Mr. Walsh, has the unearthed ore been tested? What is its content?" If it is a super-grade ore, the value of the copper ore will be higher.
"Oh~ We haven't sent it for inspection yet. I plan to survey the ore veins thoroughly and send the ores from various locations for inspection together. This way we can get the most comprehensive data, don't you think?" said David Walsh.
The reporter wanted to ask more questions, but David Walsh raised his hand to interrupt.
"Sorry, I have to attend a friend's party. I'll just stop here." He was afraid that if the reporter asked more questions he would appear embarrassed, so he quickly evaded the question.
The next day the newspaper published an interview with David Walsh.
The chairman of Wash Mining confirmed that the mineral vein had been found, which once again boosted Wash Mining's stock price. The already basically stable stock price showed a strong upward trend.
When the price rose to around $1.6, a lot of sell orders appeared and the stock price of Wash Mining began to fall slowly again.
When the last deal was completed, a smile appeared on Hardy's face.
Thanks to David Walsh for accepting the interview, which helped him sell his last order smoothly.
One week.
Hardy finally sold out all his stocks.
The lowest price in the early stage was only 0.12 yuan. In order to fuel the stock price, some high-priced stocks were bought later, and the overall average price dropped to 0.2 US dollars.
The average selling price is $1.5.
He calculated that after all expenses, he made a total of $3.75 million.
Good guys!
It's like getting rich overnight.
Hardy was so happy.
In fact, he could have done more, such as finding an institution to increase leverage and going long on Wash Mining. Hardy thought about it at the time, but later gave up the idea.
Borrowing money from financial institutions leaves a heavy mark.
A stock like Wash Mining that rises and falls so rapidly will definitely be targeted by the CSRC. If it starts using large leverage to make crazy profits, it would be no different from telling others that it was his own doing.
Confession without being asked.
Therefore, he adopted a more stable method, whereby retail investors made dispersed purchases with each purchase amount being small, so that it would not easily attract attention.
It doesn't matter even if we investigate him.
All of his accounts were opened in the names of his employees at the security company, so he would definitely be found.
As for why you bought that stock.
Isn't it good luck for me?
Now he has sold all his stocks and officially cashed in his profits.
Next,
Just waiting to continue watching the show.
That day, a little-known tabloid in Los Angeles suddenly published an article titled "Wash Mining may have committed fraud."
The author of this article pointed out that when he was having dinner and chatting with a friend who knew about minerals, his friend said that the mineral that David Walsh was holding in the newspaper was not copper ore at all, but a piece of pyrite.
The reporter was very surprised at the time and expressed some disbelief.
Later, through a friend, he contacted the two reporters who interviewed David Walsh, and saw the original color photos from them. The photos were clearer. He showed them to a friend who knew about minerals, and his friend said that this was definitely pyrite, not copper ore.
And there were a lot of photos taken at that time. Almost all the minerals on the ground that David Walsh mentioned were not copper ores. Some were iron ores, and some were even just stones, which had no value at all.
In order to find out the truth, the reporter secretly went to the exploration camp of the Wash Mining Company in New Mexico. David Wash was not in the camp and had returned to San Francisco. The reporter asked the exploration supervisor, who said that they did not find any large mineral veins.
There is no copper ore.
Even if it is iron ore, it is just some scattered mineral veins.
There is no mining value at all.
They had been here for half a year and had not discovered any valuable large mineral veins, and they still hadn't found any before David Walsh left.
The reporter went to San Francisco and planned to interview David Walsh in person, but found that after returning to San Francisco, David Walsh borrowed 300,000 US dollars from the bank by using part of his stocks as collateral, and then went in and out of casinos, held parties every day, and was surrounded by beautiful women.
Just a few days ago, David Walsh said in an interview with an entertainment newspaper that they had discovered a large mineral vein and were still conducting further surveys to determine the specific reserves.
When asked when he would send the samples to the testing center for testing, David Walsh said he would send them together after all the surveys were completed in order to obtain the most comprehensive data.
This reporter said,
As the owner of a mining company, it is impossible for him to distinguish between copper ore and pyrite ore. Now all the evidence shows that David Walsh is very likely lying.
The reason he lied was to boost the stock price of Wash Mining.
Just half a month ago, the stock price of Wash Mining dropped to $0.12 due to a report in the Los Angeles Financial Times. However, after David Wash revealed that he had found a mineral vein and even associated gold, the stock price of Wash Mining soared sharply and has now reached $1.56, a 13-fold increase.
This behavior is a blatant crime. I hope the CSRC will investigate to avoid causing irreparable losses to investors.
When this report came out, it was like a bomb exploding in the stock market.
People were shocked.
Is this true?
However, this report was very detailed. The reporter even went to the mine to investigate in person. Even the exploration supervisor of Wash Mining said that no large mineral veins were found.
Is this all a lie made up by David Walsh?
Shareholders who bought Wash Mining began to panic and many began to sell their shares, causing Wash Mining's stock price to fall sharply.
One day,
Wash Mining's stock price dropped from $1.56 per share to $1.25, a reduction of one-fifth in market value.
The next day things were a little more stable.
The Securities and Exchange Commission issued an announcement to the public, officially launching an investigation into the Wash Mine and sending people to verify the true situation of the Wash Mine.
On the same day, someone saw David Walsh being taken away for investigation.
Boom~!
The mine was officially detonated.
Wash Mining's stock price began to fall wildly.
1.14.
1.05.
0.98.
Officially broke through the 1 yuan mark.
But that’s not all.
The decline continues.
0.81.
0.74.
0.62.
By the end of the day, Wash Mining's stock price had fallen to $0.43.
......
Financial Industry Regulatory Authority, Investigation Division.
David sat in a chair, looking extremely nervous.
The investigator put the data in front of him and looked at David Walsh with a cold face, "Has your mining company found any large mineral veins?"
"No, no, but I never said I found it." David Walsh argued cunningly.
"What did you say when the reporter interviewed you?"
"When the reporter interviewed me, I only said that it was possible to find a large mineral vein and that there might be associated gold. I did not say that it was actually found. The Financial Times reported it incorrectly."
The investigator smiled coldly.
"Is that so?"
"You said the Financial Times report was wrong, but you had a full week after the report. Why didn't you come out to clarify?"
"We investigated your itinerary and found out that you returned to San Francisco the next day and frequented the San Francisco Stock Exchange. Because of that report, the share price of Wash Mining surged. Why didn't you come out to explain?"
"Then you and Pacific Capital Bank took out a mortgage loan using some of the shares. Why didn't you explain this?"
"When you were interviewed by a reporter from the San Francisco Entertainment News, not only did you not explain, you even said that you had discovered a large mineral vein and were conducting further surveys and waiting for the survey to be completed and sent for inspection."
David Walsh was speechless when asked.
His face was covered with cold sweat.
He wanted to explain that the financial newspaper's initial report was indeed incorrect, but how could he explain his subsequent behavior?
It is obvious that he is happy to see it happen.
It even helped boost stock prices.
How could the investigators believe me if I said I was just taking advantage of the situation?
The investigators took a photo of the data in front of David Walsh and showed it to him. "Look, these are all photos taken at your mining camp. We have asked mining experts to identify them. There is not a single qualified copper ore. There are only some poor iron ore and a pile of rocks."
"You promoted these as large-scale mining activities and pushed up the share price of Wash Mining. Your actions constitute manipulation of share prices with false information and you will face more than ten years in prison."
David Walsh collapsed.
"I, I, I really didn't. I really didn't mean to deceive anyone at first. Those were all misunderstandings."
"Woo woo woo woo~~"
The investigator sneered.
He had seen too many guys who made such cunning excuses, many of whom were once powerful financial tycoons. Any of them who came here would claim that they were wronged.
"Save these words for the judge."
......
Soon.
The CSRC will make the announcement publicly.
Walsh Mining has indeed engaged in fraudulent activities. The previous report of finding a large mineral vein was a lie. Chairman David Walsh manipulated the stock price with false information and will face charges.
The Securities and Futures Commission also issued a warning.
Wash Mining previously borrowed $200,000 from a bank to purchase land in New Mexico. Later, David Wash borrowed another $300,000 in stock loans for personal consumption. In addition, Wash Mining has been making losses in recent years and may be insolvent. Investors are advised to invest with caution.
Boom~!
Wash Mining's stock price exploded again.
Originally, in the past two days, the stock price of Wash Mining had fallen to $0.21, and some people were still hoping that the investigation results would be favorable.
However, once the CSRC issued the announcement, it completely sentenced Wash Mining to death.
Wash Mining's stock price plummeted.
It fell directly below $0.1, and finally only $0.03 per share.
Investors are wailing.
Shareholders of Wash Mining are in tears.
Originally, they saw the stock price surge and their wealth also soared, but they did not expect that in just one month, it would be like a roller coaster ride.
Ups and downs...
......
In this decline farce, Hardy made a small profit. Before the unknown newspaper broke the news, he used some scattered accounts and found two new brokerage firms to short Wash Mining.
But the game is not big.
In total, I only earned more than 600,000 yuan.
The ancient method emphasizes steaming and drying three times to make the food tasty.
How many times has Wash Mining steamed itself?