"No matter where those shareholders are, they must be present."
Samsung's chairman made the decision after only a moment's thought.
There is a large amount of money being used to short their stocks.
He had to treat it with caution.
Regardless, they must stabilize the stock price tomorrow.
Otherwise, Samsung would be in big trouble.
"Yes, Chairman."
"I'll contact the other shareholders right away."
The Samsung secretary immediately nodded respectfully.
Then he left the office and began contacting other shareholders.
After the secretary left.
The chairman of Samsung looked worried.
This time, the other side was clearly coming on strong.
And Samsung, of course, happened to encounter the issue of exploding devices.
This is truly adding insult to injury.
If I had known this would happen, I would have just taken back all the phones from Daxia back then.
Although there will still be losses of over a billion US dollars.
However, it's still better than someone spending huge sums of money to short Samsung's stock.
This is a battle involving hundreds of billions of dollars.
It's unclear whether Samsung can minimize the losses.
Two hours later, Samsung officially convened its shareholders' meeting.
All shareholders now know that someone is trying to short their company's stock.
Samsung's chairman's idea is that all shareholders contribute funds in proportion to their shareholdings.
Stabilize the stock price tomorrow.
Many shareholders hesitated at the proposal made by the Samsung chairman.
However, when they learned that the other party's initial capital was only a mere 3 billion US dollars, many people immediately rejected the Samsung chairman's proposal.
Even though there's 50x leverage there.
However, as long as Samsung's stock price doesn't fall.
Therefore, the $3 billion is not a concern.
Moreover, if the company's shares could rise even slightly, that would be possible with a leverage ratio of 50.
The other party's $3 billion deposit will likely be lost in an instant.
People from South Korea have a common flaw.
That's arrogance!
Even blind self-confidence.
These shareholders didn't take this matter seriously at all.
In their eyes, Samsung is invincible.
How could a mere $3 billion stock price possibly fall?
Continue read on readnovelmtl.com
