In Ark City in the mainland, temperatures have generally exceeded 30 degrees Celsius.
In 2000, most office buildings in the city did not have central air conditioning, and quite a few companies did not install their own air conditioning, including Internet companies.
In an office building in the west of the city, the second headquarters of Huang Yi Company is hidden. In the office of CEO Ding Sanshi, the cabinet air conditioner blows loudly, but it cannot blow away the boss's irritability. (Huang Yi's original headquarters
in Guangdong)
Huang Yi's office in the west of Ark City occupies three floors of the entire office building. However, the decoration and facilities on these three floors are completely different.
The top floor is where Ding Sanshi's office is located. It is the best decorated and all employees' offices are air-conditioned.
The first floor downstairs is slightly worse, but at least there are cabinets that are easy to move. Some of the open office areas with relatively large openings have large, noisy window machines——
People born in the 2000s have probably never seen window-type air conditioners. It is an all-in-one machine without indoor and outdoor separation. It is embedded in a window or wall, with the front facing indoors and the butt facing outdoors. It sprays cold air from the front and hot air from the back.
The disadvantage is that it is relatively large in size, noisy, and vibrates violently. In the future, when it gets a little better, Chinese people will basically not use it.
However, now that there are window air conditioners in Huang Yineng, they are no longer at the bottom. The office area on the bottom floor was newly expanded from the end of last year to the beginning of this year, and the manpower has just been recruited.
There hasn't been one for a year, and those people are now working hard in an environment without air conditioning, relying on the whirring of fans to suppress their inner irritability.
Many of these manpower and business expansion were originally recruited for the purpose of preparing for the IPO and to make the scene more beautiful. There are many people with mixed eyesight, and the technical content of the work they do is not high, and those responsible are also in the business expansion and operation aspects.
A relatively shady affair.
In a nutshell, compared with the backbone of the two levels above, their work is like the difference between a serious Taobao store and a fake order shop, or like the difference between a true master in the online entertainment content industry and a fake one.
Any company, before its IPO, should try to be as fat as possible, so that it can raise more money. Just like after eating the last meal of pork before it goes public, it needs to add some water.
It's just a pity that because of the bloody listing, the treatment of these tool workers will be worse. If it weren't for the hasty unloading and killing of donkeys, most of these people would not have air conditioners in their offices. Can they continue?
It’s hard to tell if you can continue doing it.
Winter is coming soon, and this is the consensus among everyone in the industry.
As one of the big guys in China's Internet industry, Ding Sanshi cannot possibly fail to see this clearly. Of course, he must also make long-term plans for the company's winter.
Even if the IPO is not long ago and he has just raised tens of millions of dollars in capital, he still has to plan for a future that will never end in one or two years, lay off employees, reduce expenses, and calculate the company's burn rate.
Internet companies have no profitability so far. The burn rate is equal to the cash flow reserve divided by the expected annual net loss. After burning, the cold winter is not over, and it will completely burp.
…
"Damn it! Yesterday's closing price actually fell below 2 yuan again! We have used more than 5 million reserve funds to buy back on a small scale, but can't we still maintain investor confidence? This is troublesome. We have only listed two stocks.
In half a month, the stock price has already dropped 30%!"
Early in the morning, at just past seven o'clock, Ding Sanshi hurried to the company, immediately read the stock price feedback on the other side of the ocean, and then sighed with anxiety.
This is based on the fact that it fell below 20% of the issue price at the beginning of the listing, and then dropped another 30%. In other words, the current stock price has dropped by 45% compared to the price when the brokerage underwritten it. Soon
It will be halfway through.
Of this 45% evaporation, 20% is the loss suffered by securities firms in the primary market, and the remaining 25% is the loss suffered by investors in the secondary market, including institutional market makers and retail investors.
The work and rest habits of ordinary Internet people are relatively diurnal and nocturnal. It is normal for bosses to listen to reports in the middle of the night, but it is rare for people to arrive at the company before nine or even ten o'clock in the morning.
As of last year, Ding Sanshi had been working until midnight and didn't wake up until 11 a.m. in the past three months. However, in the past three months, he has been forced to follow the early to bed and early to rise biological clock, just because for him, the biggest thing in the company is not
It’s not about daily operations anymore, it’s about the stock prices on the other side of the ocean every day.
So every morning when the US stock market closes, Ding Sanshi can't help but wake up, and then he can't fall asleep. It's better to come to the company early and watch the market before working.
"Forget it, this is the first time I have tried to use reserve funds to buy back stocks, and it will also be the last time. It is simply a drop in the bucket. I will never do this kind of thing again in the future. If it goes down, let it go down."
After a thorough calculation and a clear understanding of the situation, Ding Sanshi thought to himself rather decisively.
It turned out that just a few days ago, when he saw the company's stock price falling below two US dollars per share for the first time, he fantasized about taking some of the spare money that the company had previously raised and lying on the books to buy back some shares.
Give the stock price a boost.
He felt that the original underwriting price of the securities firm was 3.5 yuan, but now it has fallen below 2 yuan. The equivalent of the money spent on issuing one share can now repurchase nearly two shares.
However, the company does not use a lot of funds on its books. In the worst case scenario, it means spending half of the money originally raised to repay it. Then won’t all the shares be returned? Whether it will rise or fall in the future is not up to you.
Who has the final say? As for the remaining half of the money, isn’t it equivalent to picking it up for nothing?
However, Ding Sanshi ultimately underestimated the bearish sentiment in the market. He spent five million US dollars on repurchases, but it only managed to stay above two yuan for less than one trading day before falling below the level again.
During the previous IPO, Huang Yi only raised a total of 60 to 70 million U.S. dollars in financing. Now it has spent tens of millions on normal business expansion in the past few months, and another 5 million on repurchases, plus some other daily expenses.
, leaving only 50 million US dollars in cash. (Ding Sanshi didn’t know that if history had not been changed by Gu Kun, Huang Yi’s NASDAQ IPO in the previous life could have raised more than 100 million US dollars. It was because of Gu Kun
lost about half of the butterfly effect)
With no hope of further financing, the US$50 million should be used for at least two to three years and must not be wasted any more.
This is the current situation of Huang Yi: the stock price has dropped below 2 US dollars per share, and the remaining funds on the book are only 50 million.
Just as Ding Sanshi was calmly planning his next move, his office door was quietly but eagerly pushed open by the female secretary:
"Chairman... bad news, someone disclosed some very bad news for us in the Wall Street Journal... If ignored, I am afraid that the situation will further deteriorate sharply in the next four trading days this week."
"What? Who is targeting us? It can't be short selling, right? We are a Chinese concept stock, and there are only a few listed companies in the entire Chinese market, so short-selling institutions will specialize in studying us?" Ding Sanshi immediately jumped from the boss's chair.
He stood up and showed no composure at all.
Who knows that he is just a 29-year-old young man? It is normal to be impatient.
The reason why he was qualified to become the richest man in China for a short time in his previous life was not entirely due to his ability, but luck played a bigger factor - Huang Yi's scale and achievements did not necessarily have an advantage over Sohu and Xin Lang.
The reason why Ding Sanshi has a lot of money is because Huang Yi is the only one among the three major portals that has not received angel round investment. When he first started his business, Ding Sanshi and several other partners scraped together more than 2 million yuan, resulting in a loss of equity.
The most valuable round was not diluted by venture capital institutions.
In other words, Ding Sanshi relied on his semi-entrepreneurial accumulation from working part-time and writing software for others in the past few years to save the initial start-up capital for Huang Yi's business. He started the business with his own money. After he made the right bet, he would naturally start a business.
It is only because his shareholding ratio in the company is much higher than that of founders of other peer companies that he has reached this stage.
Therefore, his position does not represent his true IQ and quality. It is inevitable that he will be more flustered than Zhang Chaoyang and others when encountering major events.
The female secretary felt guilty when she saw the boss's irritable attitude, and replied weakly: "From the existing signs such as the writer, it seems that the Blackstone Fund and a series of institutions may be involved. Mr. Han said that it may be the short-selling agency under Blackstone."
mechanism.
In addition to disclosing our daily traffic and moisture problems, the article also specifically disclosed our website editor-in-chief and other positions, and also disclosed in detail the criminal records of those who were serving as prisoners."
Ding Sanshi raised his eyebrows: "Blackstone? Isn't that... Hey, isn't Blackstone's Asia-Pacific president Liang Jinsong! Is it Gu Kun who is adding insult to injury to us? It's so despicable. How can there be a Chinese concept stock portal that doesn't use some traffic fraud?
Yes! There is no one who doesn’t use some zombie virus broilers to generate daily IP! As for the rhythm editor, we can’t use serious people. How can a serious person lead a good rhythm!”
It is strange to say that among Huang Yi's rhythm editors, there are many "Crouching Tiger, Hidden Dragon" ex-convicts. Ding Sanshi's employees can be regarded as eclectic, knowing that such people will dare to say anything.
Spraying is the best way to be a traffic troll, as mentioned in "Big Shot", "whoever is in trouble will be extinguished".
No, one of the highest-ranking relevant personnel in Huang Yili is said to have a background in pimping. He used to be a watcher at a foot bath street in a certain city in Hunan Province, and was arrested for introducing XX.
But not to mention that this kind of person is really good at using rhythm to attract attention. After Huang Yi left his job, he personally put his original business on the Internet and hatched many "dating magic tool" level applications.
It can only be said that some people are born to play the role of Turtle GONG Big Teapot, and they happen to be recruited by Ding Sanshi's eclectic talent net.
Oceania stock investors would not care about these details in detail, but if someone is deliberately short selling and specifically collecting black information, it is hard to say. Of course, whatever information can undermine investor confidence will be revealed.
While he was feeling anxious, Ding Sanshi received a call from Ma Feng from the same city.
"Xiao Ding, there are some things I shouldn't say. Gu Kun wants you to go to Xiangjiang and meet him. He wants you to show an attitude, otherwise, he may really take action." Ma Feng was embarrassed on the phone.