Chapter 340: The Day Wynn Group Disappeared (Part 1)
In the following days, Wynn Group's stock continued to fall.
At this time, the main force causing the decline of Wynn Resorts Group's stock has changed from those large shareholders to countless small investors.
These small investors are rushing to sell all their stocks.
The development of the stock market in the past few days has completely consumed their last bit of confidence in Wynn Resorts Group.
What performance is good and financial report is healthy?
Why spend $3 billion to buy back shares to stabilize the stock price?
The fact is that Wynn Resorts Group’s stock has been falling! And the main force behind this decline is actually Wynn Resorts Group’s own people!
Oh my God! Even your own people are not optimistic about Wynn Group’s stock, so why do you expect us to have confidence in you?
As a result, everyone is rushing to sell their Wynn Group shares.
100 shares, 1,000 shares, 10,000 shares...
Although the shares in their hands are not many, when accumulated, they are also a huge force.
This force soon replaced those big sales and became the main force driving Wynn Resorts Group's stock price down.
In just two days, the market value of Wynn Resorts Group has dropped from its peak of US$10 billion to US$4.5 billion, almost halving its market value!
And this is not over yet. At this time, the ratings of Wynn Resorts Group’s stock by major securities companies and investment banks have also changed from buy to sell!
The accumulation of a series of unfavorable factors has caused Wynn Resorts Group's stock price to snowball, in a vicious cycle of stock selling, stock price falling, more selling, and an even deeper fall, with no end in sight.
The end of the earth.
At this time, Wynn Resorts Group had no reaction at all to its own company’s stock price.
No matter how badly their stock prices fell, the group never made any announcements or press conferences.
Stephen, who was completely powerless to fight back, could only watch the market value of Wynn Resorts Group continue to shrink.
Seeing this situation, Lin Chen, who had been hiding in the motel, also heard the long-awaited good news.
When he received the news, Lin Chen had just reached an agreement with a young man.
The two people held hands tightly together. Compared to Lin Chen's indifference, the young man opposite him was a little excited.
"Mr. Lin, thank you for your trust. You can rest assured that with your investment, SUPERCELL's first mobile game will be launched in the first half of this year!"
After listening to the translator beside him, Lin Chen smiled and said: "Mr. Aika, I will keep my promise and will not have any interference in the company, but please don't forget my only request."
"Of course, all games will have Android versions!" the young man named Aika laughed.
Lin Chen also smiled and shook his hands vigorously.
This young man named Aika is the CEO of the Finnish game company called SUPERCELL that Lin Chen paid attention to before.
After the overall situation was decided in the past few days, Lin Chen asked Kerkorian to find this person and reached an acquisition agreement with him.
US$100 million to acquire 70% of the company's equity, and an additional US$100 million in investment.
At the same time, Lin Chen also promised that he would not interfere with any business of the company except operations, nor would there be any personnel changes.
The generous conditions allowed Aika to agree to Lin Chen's acquisition offer without any hesitation.
Although he had some doubts about why Lin Chen met him at the motel, his doubts disappeared after seeing the check.
After sending Aika away, Lin Chen burst into laughter. He didn't expect that his first step into the gaming industry would be so easy. He successfully won SUPERCELL. Even if all domestic investments in the future failed, Lin Chen would still be able to continue.
Sitting firmly on the throne of billionaires.
In a few years, his $100 million investment will be doubled nearly a hundred times!
At this moment, little Kerkorian came over.
Seeing the smile on Lin Chen's face, he really couldn't figure it out, but it was just a game company, and Lin Chen actually acted as happy as if he had already won the Wynn Group.
"Lin, Old Parker of the Las Vegas Police Department has been arrested and he has confessed everything. Now the wanted order for you has been cancelled, and you can return to Las Vegas."
"What about my reward?"
"That has become a joke. Now everyone knows that the Wynn Group is finished. Of course, they can't come up with the $100 million reward. Let's go, it's time to end all this."
"That's right. It's time to end all this..." Lin Chen's eyes were bright. After staying in this motel for so many days, it was time to leave here!
…
At this time, Wynn Resorts Group was in a state of depression.
All the group employees looked like they were mourning for their heirs. The group's recent continuous decline in stock price has made everyone lose hope in the group.
Not only the grassroots employees, but also the senior management of the group. Within three days, senior executives continued to submit resignations. No one was willing to live and die with this sinking oil tanker.
In the president's office of Wynn Resorts, Stephen Wynn seemed to have grown much older in a few days.
Although the original Stephen was nearly 70 years old, he was full of energy. He was accompanied by countless beauties every day and lived a life of partying and singing night after night.
But in the past few days after disappearing from the public eye, Stephen's face suddenly gained dozens of wrinkles, and even a lot of white hair appeared on his head.
Wynn was lying on his desk, drunkenly reaching out his hand to pour himself another glass of wine, but found that the bottle was already empty.
He stood up drunkenly and shouted out the door: "Jenny! Bring me a drink! Jenny!"
The female secretary outside did not push the door in immediately as usual. Stephen frowned and was about to curse angrily when he saw the door to his office was suddenly pushed open forcefully.
Immediately afterwards, a large group of people walked in.
"Jenny! Who told you to let people in? Do you want me to fire you? Jenny!"
Stephen, who was already drunk, did not recognize the intruders for a while, and was still shouting for his secretary. But at this moment, a voice was like a basin of cold water, waking him up.
"Stephen, my old friend, look at what you look like now..."
"Huh?" Stephen's eyes widened instantly and he turned to look at the visitor.
He stared at this person for a while, then pointed at this person and shouted: "You? Why are you here?"
The person who spoke just now was called Ford, and he was the reinforcements Stephen contacted when he went to New York.
In addition, Stephen suddenly discovered that besides Ford, there were many old friends present.
For example, Kidd from Merrill Lynch, and the second largest shareholder of Wynn Resorts Group, Japanese tycoon Kazuo Okada, and even Stephen’s ex-wife Elaine, who also owns shares of Wynn Resorts Group, are here!
In addition to owning shares in Wynn Resorts Group, these people present also have another common identity...
That is, in the previous stock market, these people all betrayed Stephen and sold their shares!