Archived Financial Talent

Chapter 300 Penguin's Stock Price Plummets
Boss Ma also reacted, picked up the mobile phone on the table, opened the stock market software, and found that Penguin's stock price has been falling since the opening in the morning, and now it has fallen to 12.00%.

"Mr. Ma, look at this is a good thing you did."

John raised his phone, pointed the screen at Boss Ma, and said angrily.

The other directors saw it, and quickly gathered around John, staring at the price trend of Penguin on the screen of the mobile phone. Suddenly, the whole office became noisy and discussed.

"Old Ma, hurry up and think of a way, otherwise it will be difficult to deal with the situation." Zhang Dong approached Boss Ma's ear and whispered.

Hearing Zhang Dong's words, Boss Ma didn't seem to have any reaction. Instead, he quietly put down his phone and stared at the group of chattering people in front of him, as if he was looking at a group of clowns.

John raised his hand to signal everyone to stop the discussion, and then he walked up to Boss Ma.

"Mr. Ma, the company's stock price has plummeted. I wonder if you have any good solutions?"

Boss Ma glanced at John and said, "I don't have any good ideas. If Mr. John has any good suggestions, you can share them and discuss them together."

John said: "My suggestion is to hold a press conference immediately to announce Penguin's withdrawal from the e-commerce business and seek a buyer to sell the e-commerce business, so that our company's losses can be minimized."

Boss Ma waited for John to finish speaking, first glanced at him, and then looked at the other directors behind him.

"Do the others mean the same thing as Mr. John?"

Hearing Boss Ma's words, the other directors echoed John's suggestion.

Boss Ma looked at the crowd and continued, "Penguin must engage in e-commerce business. If you disagree, you can choose to quit."

Boss Ma turned his attention to John and said, "Your MIH company has earned more than [-] times the return since it invested in our penguins. I think you should choose to withdraw."

John's face turned livid, and he stared at Boss Ma with wide eyes.

Standing behind Boss Ma, Zhang Dong quickly walked between John and Boss Ma, preventing them from fighting.

After John stared into Boss Ma's eyes for a minute, he suddenly laughed.

"Mr. Ma was joking. Our MIH Group still believes in Mr. Ma's ability. I believe that under your leadership, Penguin will definitely get better and better."

After John finished speaking, he turned his head and left. The other directors saw that John had compromised, so they had no choice but to leave.

After everyone left, only Zhang Dong and Boss Ma were left in the office.

Boss Ma picked up the water glass on the table, took a few sips, and looked up at Zhang Dong.

"It seems that we have to find a way to replace all the people on the board of directors with our talents."

Zhang Dong said suspiciously: "Now we have nominated one-third of the board of directors, isn't that enough?"

"You can see that MIH is already very good. As the largest shareholder of our company, it has given up decision-making and voting rights. There are very few such good investors."

"You're not still mad at John, are you?"

Boss Ma looked at Zhang Dong and said with a smile, "I didn't say MIH is bad, but you saw it just now."

"Although MIH and IDG gave up voting rights and decision-making rights when they invested in us, you also know that if there is nothing wrong with our company's stock price, everyone is a good friend with a smile."

"But what if the stock price drops? Like it is now, do you think they will still be so talkative?"

After listening to Boss Ma's words, Zhang Dong asked, "Then what are your plans?"

Boss Ma went to the window, pulled up the curtains, and looked at the sunny Pengcheng outside.

"When I went to Binhai to talk to Lin Feng about cooperation, he once hinted in his words that he was interested in our company's shares."

Zhang Dong hurried to Boss Ma's side and looked at him in surprise.

"Old Ma, don't tell me that you have already agreed."

"You should know better than me that Lin Feng is not a simple person. Aren't you afraid that he will annex the Penguin Company in the end?"

Boss Ma turned to look at Zhang Dong, not understanding why he had such a big reaction.

"You have to believe my vision, I can tell that Lin Feng has no interest in managing our company."

Zhang Dong turned his head and didn't meet Boss Ma's eyes.

"I don't care, anyway, I am also one of the shareholders of the company, anyway, I am a shareholder who firmly opposes Lin Feng entering our company."

Boss Ma looked at Zhang Dong, and then sat back on the chair directly.

"You don't need your consent for this matter. I am the decision maker of the company and I have the right to decide this matter."

Hearing Boss Ma's words, Zhang Dong pointed at Boss Ma angrily, and left the office without saying anything in the end.

The next day, Penguin's stock price was still falling.

On the third day, Penguin's stock price was still falling.

In just three days, Penguin's stock price has fallen by 40.00%, and it seems that it will continue to fall in the future.

A company with a market value of 400 billion yuan evaporated more than [-] billion yuan in just three days. This can no longer be said to be a trivial matter.

The boss's office.

John took another group of directors and sat across from Boss Ma.

"Mr. Ma, I heard that Star Bank is demanding money from our company?"

Boss Ma said with a smile: "Don't worry, I can solve this matter soon."

John said, "Can you do it? How are you going to do it?"

"I have read the company's statement, and now our company has less than 1000 million in cash on the books, and you have used the previous money to engage in e-commerce."

"The most important thing is that you not only invested all the working capital of the company, but also borrowed money. Now that the project has failed, tell me, what should I do now?"

Boss Ma still smiled and said: "Don't worry, I will solve this problem."

Hearing this, John couldn't bear it anymore and stood up directly.

"President Ma, I am very disappointed in your performance."

"Our MIH company intends to leave the Penguin company."

After John finished speaking, the next few directors also stood up and echoed. Most of them entered the market before Penguin was listed, and the money they invested in the first place did not know how many times they had been invested.

Now Penguin's stock price does not seem to be very good, and they are also starting to worry about whether Penguin's stock price will continue to fall in the future, so it is the best choice to cash out and leave the market now.

Boss Ma stood up and looked at everyone, and said, "If you all insist on quitting, then I have nothing to say, but you signed the contract at the beginning, and I have the right to buy your shares first."

John said: "There is no problem with this. As long as Mr. Ma's valuation is reasonable, our shares will be sold to you."

Although the current Penguin Company is a good company, the company has developed well in the past few years, and the stock performance in the secondary market is also very good.

However, with the stock price drop in the past three days and Penguin's huge losses in the e-commerce business, it is really difficult for MIH to sell its shares.

And if the stock is directly sold on the secondary market, it may make Penguin's stock price fall faster, so that the shares in their hands will shrink even more.

Boss Ma said, "There is no problem with this."

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(End of this chapter)