The massive issuance of new shares immediately sent investors into a frenzy.
Everyone can foresee that the real boom in superconducting technology is just around the corner.
But the day before, something big finally happened.
Peter Ma is a ruthless man; he released more than half of his shares at a low price of 23 yuan in one go.
A large number of orders appeared, and retail investors were like cats that had smelled fish.
Superconducting Technology's stock price hit its daily limit down for the first time.
The company is scheduled to issue new shares tomorrow, but today it hit the daily limit down.
Peter Ma's move caught Hu Zeqing completely off guard.
Inside the meeting room, Hu Zeqing looked at the now-closed trading screen and slammed his phone onto it.
"Holy crap, are they crazy? What are they trying to do?"
"Young Master Hu, calm down. We suspect they might be trying to recoup funds."
Several people immediately pulled the furious Hu Zeqing aside and began to comfort him with kind words.
Hu Zeqing sat down angrily, gesturing for everyone to continue.
"Young Master Hu, we estimate that they have reached their financial limit. In order to deal with the large number of shares to come, they need to raise funds."
"We believe that 23 yuan is their cost line, and they are trying to replace the funds held by retail investors first."
"If they only have this much money, then they are no match for us at all, so you can rest assured."
The analysis by everyone was quite logical and reasonable.
Hu Zeqing nodded slightly, somewhat unwillingly saying, "Damn it, they'll take a lot of the profits in the future."
One generation plants the trees, another enjoys the shade.
Hu Zeqing felt extremely unhappy at the thought of working for someone else.
However, since Peter Ma doesn't pose much of a threat, let the stock price fall as it may, since it's about to surge soon anyway.
"Alright, everyone. Let's all get ready and try to push the stock price up next trading week!"
"Superconducting technology continues to soar!"
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