Chapter 493 [The mentality of the bears collapsed instantly]
In the conference hall of the company headquarters, as the shareholders' meeting was held as scheduled, shareholders or shareholder representatives of major Blue Star Technology entered the venue.
There are not many people, with about 160 shareholders of all sizes, 70% of whom are Luo Sheng's people, and they are all senior executives working in the company.
Luo Sheng met his old friend Xu Chenghua on the way to the venue. He represented Teng Xun to Bluestar Technology to attend this temporary shareholders' meeting.
"Your company has made a lot of money recently." Luo Sheng said jokingly.
"To be honest, we took over more than half of the shares and lent them to short funds. Now Tengxun holds 4.2% of BTC shares." Xu Chenghua said.
"Haha, it's okay, it's just a normal business behavior." Luo Sheng said with a smile.
"I guess they can't pay it back because I believe you can win, this is intuition." Xu Chenghua looked at Luo Sheng and said.
"I have to win if you have good words." Luo Sheng smiled indifferently and added: "But as a friend, I think the rest should be kept and held, which will increase. I only suggest that the words are not responsible."
After saying that, Luo Sheng smiled and stepped forward without waiting for Xu Chenghua to speak. After entering the venue, the two sides separated.
After a while, a group of people came in the gate of the venue. The difference was that they were all foreign faces. The other shareholders in the venue immediately turned their attention to them. The shareholders and executives of Blue Star Technology all had bad eyes.
These foreigners were shareholder representatives sent by airdrop agencies to attend the shareholders' meeting. Faced with hundreds of gazes, they entered the venue and sat down calmly.
But I felt unhappy in my heart. I was actually feeling cold when I was stared at by so many people. After all, this is someone else's territory.
This is the momentum of the home court.
"Okay, since everyone is here, let's start the conference, just follow the process." Luo Sheng's voice resounded through the audience through the microphone, and some foreigners attending the conference also listened through the translator.
As he finished speaking, Luo Sheng glanced at the shareholder representatives sent by the airdrop agencies, but the other party had no expression.
Luo Sheng's opening remark bluntly stated that he had absolute control over Blue Star Technology.
"I'll vote for one thing today. After the board of directors passes a resolution and proposes a final vote to the shareholders' meeting, Bluestar Technology Group will issue 500 million new shares to the outside world, and it is expected to raise about US$23.9 billion in public funds. OK, let's start the vote now, please raise your hands if you agree."
After Luo Sheng finished speaking, he saw that more than 70% of the shareholders in the audience raised their hands together. They were all his own people and knew what the shareholders' meeting was going to do this time. Luo Sheng himself raised his hand. As long as he raised his hand, it meant that the proposal passed the voting of the shareholders' meeting.
“What? Increase capital and expand shares?”
The short representatives present thought they had heard it wrong. They never expected that they would come to Bluestar Technology Headquarters to attend the shareholders' meeting today, and the other party would come like this.
I really never dreamed that I would launch a public offering. At this moment, they kept wondering whether they heard it wrong or Luo Sheng was stupid?
After coming back to his senses, he confirmed that he had heard it wrong. Several short shareholder representatives whispered a few times, and then one of them spoke: "We abstain."
"Vote passed!"
A staff member of the deliberation matters at the meeting immediately announced that the staff of the forensic agency also recorded the matters, and the votes have legal benefits.
Everyone let go of their hands. Luo Sheng immediately stood up and walked to the shareholder representative of the short-selling institution, and smiled and said, "If I were Chanos, the first thing I did after I went back was to close the position and stop the loss immediately. Oh, the market value of Blue Star Technology is only less than 22% of the total market value, and you may only have less than 15% in your hands."
The other party also responded without any weakness: "Being an enemy of Wall Street, the ending was destined from the beginning."
Luo Sheng nodded with consent and smiled: "That's right, all this was destined from the beginning."
After saying that, he didn't say much, and turned around and left the venue of the shareholders' meeting, and everyone else left one after another.
This shareholders' meeting is just a process.
...
The news soon spread like wings, spreading across the technology and capital circles, and the outside world was also confused. When many industry insiders saw the relevant reports, they once suspected that the media editor had been writing articles that were unconscious.
Bluestar Technology Group launches a public offering at this critical moment?
I'm afraid this is not a loss of wisdom and wants to make a big joke in the capital world based on your ability?
But then I realized that this was not an article written by the media editor after taking medicine, but that's how it was.
Luo Sheng posted an open letter to the public, which was a solid evidence.
The outside world was in an uproar, and he was puzzled by Luo Sheng's honey operation.
Overseas media organizations are also reporting on this matter, showing ridicule and laughing in their articles, and making Bluestar Technology's public offering the biggest financing joke in history.
All those who are upset about Blue Star Technology Group are waiting for the most embarrassing public offering in history. No one supports the external financing of a technology giant. In this situation, the embarrassment can become the dark history of the richest man today for the rest of his life.
However, the external sarcasm and questioning voices did not affect the established operational arrangements of Blue Star Technology Group. Although the executives within the group company were also lacking confidence in this raising event and could not figure out what the big boss was selling, they still strictly followed Luo Sheng's layout.
At the same time, Qin Weimu received news of a public offering and immediately made the family fund operate. All its private equity fund accounts were activated, with more than 2,500 fund accounts, more than half of which are from North America, with only more than 300 private equity funds registered in the mainland, and the remaining branches are in other continents.
The purpose of doing this is very simple and sow discord.
This is how a self-directed and self-acted financing operation began.
...
At the end of December, Wall Street.
In a medium-sized conference room, several short tycoons gathered together again. Chanos looked at the documents and reports in his hand and said suspiciously: "Hiib? Why haven't this investment bank heard of it before? Why does it seem to appear suddenly?"
After saying that, he looked around the participants with doubts. "hiib" is the abbreviation of Hengxin International Investment Bank. The investment bank serves as the sponsor and exclusive underwriter for this public offering of Bluestar Technology Group.
At this time, Paul Watson of Goldman Sachs replied: "This is an international investment bank registered in the Cayman Islands this year with a registered capital of US$15 billion. If Hiib had not surfaced because he became the exclusive underwriter of Blue Star Technology's stock hierarchy, no one would have noticed it."
George Soros frowned and stared at Paul Watson: "What did you say? $15 billion of registered capital? How could there be such a huge capital scale? Have the shareholders identified?"
Paul Watson said: "As for the information on the obvious, private equity funds are held, 56% of Hiib's funds are from some private equity funds in North America, 28% come from private equity funds in Europe, 11% come from Asia, and the rest are from other places. We have investigated some private equity funds, which have been established less than three years, of which 66% are established this year."
Speaking of this, Chanos suddenly said with great certainty: "Damn, these private equity funds are probably just shields, and vested interests are hidden deeper."
Paul Watson nodded and said, "Yes, as we conducted in-depth investigations, it was so complicated that the cross-holding of multiple institutions was completely clueless. Even some investment banks on Wall Street seemed to have some equity swap transactions."
Obviously, the other party does not want people to know who the master behind the scenes is, and this cannot be found out at all. There are so many investment banks on Wall Street, many salesmen under it, and those fund managers also want to create profits for the funds to increase performance. There are too many transactions for various financial derivative products.
These funds are actually trust products under the Luo Sheng family fund. Since the day the family fund was founded, they have been opening accounts and registering continuously. The earliest one has been six years, and the latest ones were established three months ago. There are a total of up to 8,800 private equity fund accounts directly registered, let alone indirect control.
Although there is no direct evidence to prove it, the short sellers present firmly believe that Hiib Investment Bank must have a close relationship with Luo Sheng.
I don’t know why, but I always have a bad feeling.
Chanos glanced at everyone and said, "Do you think Bluestar Technology can raise funds this time? How much can it be raised? How many accounts will there be subscription?"
Everyone looked at each other, and no one came up to answer immediately.
This question is not only Chanos thinking about, but everyone present is thinking about it.
According to normal logic, it is impossible for Bluestar Technology to raise a penny in this public offering. Anyone with a little risk awareness can see that there is no difference between subscribing to BTC's new shares and burning the money directly.
Go in = trapped.
But the problem lies here. Anyone with discerning eyes knows that this is not feasible. Do the executives of Blue Star Technology understand? But the fact that is happening is that Blue Star Technology has implemented a public offering abnormally at this time.
It is not difficult to conclude that there must be something tricky here.
The tycoons present racked their brains to analyze and try to find the rules, otherwise the stone they chose in their hearts would not fall.
At this moment, a man in formal clothes hurried into the conference room, and the movement attracted the thoughtful zombies to quickly follow the sound.
"Everyone... Bluestar Technology Group released a message on its official website late at 4:30 am in the East Eighth District. The company disclosed that the public offering was a great success. The US$23.9 billion financing plan received oversubscriptions of 2,500 account institutions as much as 6.3 times, with the actual subscription amount of US$150.72 billion."
As the man entering the conference room finished reporting, the air seemed to have frozen in an instant, and the whole audience fell into a dead silence, and everyone was as dull as a sculpture.
...
Chapter completed!