Luo Wanli's operation today not only bought a junk stock at a high price and left it to Sun Dahai, but also due to Luo Wanli's large purchase today, the account's shareholding in Tianya International reached 9.3%, far exceeding 5%.
Announcement line.
The rules of the Xiangjiang stock market are still somewhat imperfect. Since Luo Wanli only opened a position in Tianya International today, according to the existing regulations, he only needs to submit a report to the Stock Exchange before the next trading day and publish it in the designated news media.
Just make an announcement.
Therefore, Luo Wanli, who was desperate, bought in large quantities without any concealment. He took advantage of the falling stock market and investors tried to leave the market in panic, and his positions were full in a short period of time.
If it weren't for the lack of funds in his account and some shareholders of Tianya International not paying attention to the stock market and not knowing anyone was taking over, he would have received more than 20% of the shares within one day.
If Sun Dahai now accepts Luo Wanli's bet, then after the transfer is completed today, he will be Sun Dahai who needs to make an announcement to the Stock Exchange before next Monday.
Announcement filing is quite troublesome, but it is just the beginning of more troubles. If shareholders who hold more than a certain proportion of shares trade the stock, they must continue to make announcements as long as they reach a certain amount.
This policy is designed to prevent major shareholders from using inside information to trade in advance and make illegal profits, and is therefore formulated to protect the interests of small and medium-sized shareholders.
But in this way, it will be almost impossible for Sun Dahai to quietly ship goods in the future. Because the Stock Exchange will keep an eye on every move of more than 5% of the major shareholders.
According to the regulations of the Stock Exchange, once Sun Dahai issues an announcement and becomes a shareholder owning more than 5% of Tianya International shares, Sun Dahai must take the initiative to conduct a certain number of transactions on Tianya International stock in the future.
Issue transaction announcements.
This is equivalent to exposing all his trading intentions to the public, thus losing the suddenness.
However, the stock of Tianya International is not suitable for financial speculation. Even if it is suitable for speculation, Sun Dahai will only divide the positions into secret positions. It is absolutely impossible to enter the market with such a big bang, let alone let a single stock be used for speculation.
The account holds more than 5% of the shares, which has attracted the attention of the Stock Exchange and investors.
Except for the stupid Feng Lina, everyone present was basically a smart person. Even if they didn’t understand stocks, everyone understood the situation in front of them after asking each other about it.
Although everyone despises Luo Wanli's behavior, this is a situation not mentioned in the gambling agreement, and it can be regarded as a loophole in the agreement.
Of course, Sun Dahai could also refuse to accept such a bet and ask the notary to ask Luo Wanli to complete his unfinished transactions and realize all the stocks in his account before submitting the bet.
However, in this way, not only would Sun Dahai lose face, but it would also make things drag on.
For a stock that is usually deserted and has no popularity, it is almost impossible to successfully short 9.3% of its shares in a short period of time.
If we rely entirely on market-based operations, it will be very difficult even if we can sell out within half a year.
From the fact that Luo Wanli bought 9.3% of the shares in just half an hour today, we can see how strong the desire of Tianya International's shareholders is to escape.
But if Sun Dahai requires Luo Wanli to ship goods within a short period of time, then Luo Wanli can irresponsibly force the shipment to deal with the errand.
According to the current performance and popularity of Tianya International, even if Luo Wanli drops the stock price to 0.6 or even 0.5, it is still unknown whether he can sell all his stocks.
You know, even if you are lucky enough to complete all shipments at that price, your account will eventually lose more than one-third of its current value.
This is the disgusting thing that Luo Wanli did. It was purely harmful to others and not beneficial to himself. Everyone present could see it clearly, but it was quite difficult to deal with it.
Everyone knew that Luo Wanli was taking advantage of the loopholes, but he did not violate the rules. Who made the gambling agreement signed by the two parties have leaks?
Moreover, this cannot be regarded as a major copper leakage that affects the outcome of the bet. If that were the case, the notary would have the right to make a ruling based on the circumstances and bypass the loopholes in the agreement.
Of course Sun Dahai could refuse to accept such a bet and ask Luo Wanli to clean up his own hands, and the notary would definitely support Sun Dahai's claim.
But in this way, Luo Wanli inadvertently won a round. If he lost the bet, Luo Wanli lost both his face and his face. But if Sun Dahai didn't accept the bet, he would let it go
If Luo Wanli drags him on, Sun Dahai will lose face.
But if Sun Dahai bites the bullet and accepts the bet now, there will still be problems. After the announcement is completed, Sun Dahai will make a public announcement in accordance with regulations when he operates Tianya International's stocks in the future.
People who know the whole story will have their attention drawn to it unconsciously. Everyone will be thinking in their hearts how long it will take Sun Dahai and at what price to cash in this bet.
The longer it takes to cash out the bet, the more the value will depreciate when cashing out, and the more face Sun Dahai will lose.
For a bet of 10 million Hong Kong dollars (now worth 7.8 million Hong Kong dollars), it took Sun Dahai three to five months to finally get five to six million... By then, the object of everyone's ridicule will definitely not be
Luo Wanli.
He Lin, Ye Haochen and other Sun Dahai's friends frowned at this time. Putting themselves in Sun Dahai's shoes, they all felt that this matter was very annoying to deal with, and there was no simple and effective way to get rid of this situation.
The second son of the Huo family couldn't stand it anymore. He glared, pulled aside the people from the Luo family who had come with Luo Wanli, and began to curse in a low voice.
The person coming from the Luo family is Luo Wanli's uncle Roger. He and the second son of the Huo family are of the same generation and are very familiar with each other. Otherwise, the Luo family would not send him to face the second son of the Huo family directly.
Although the second son of the Huo family didn't curse loudly, he still scolded Roger so hard that he couldn't hold his head up. Roger was also very embarrassed at this time. The family sent him here to supervise Luo Wanli. Since he lost the bet, he must be honest.
Just pay the bill and leave.
With so many famous people in Xiangjiang watching, and people like the second son of the Huo family stepping in to calm things down, don't be embarrassed by this small amount of money, which will cause the Luo family to suffer greater losses.
Roger didn't think there was any difficulty in this matter. He was the elder of Luo's family. Luo Wanli was a side branch. Even his father was respectful in front of Roger, and Luo Wanli was even less in his eyes.
.
Roger focused all his attention on admitting defeat and handing over bets afterwards. When the defeat was already determined, there was no point in continuing to operate during the game, so he didn't care.
Who would have thought that Luo Wanli would play such a trick before the market closed? But by the time he found out, it was too late, and now it was too late to say anything.