After the Divorce, I Could Hear the Voice of the Future-Chapter 360 - 357: Ponzi Scheme, Well-Informed

Chapter 360 -357: Ponzi Scheme, Well-Informed

At half past nine, the moment had come.

Far in Los Angeles, Old Jia seemed to have known about the punishment from the Securities and Futures Commission against him and LeEco in advance.

He released a video lasting about ten minutes, claiming that it was filmed at Los Angeles airport.

“Ladies and gentlemen, long time no see…”

Old Jia’s face was solemn as he talked about LeEco’s debt, which he would definitely bear, and he had no objections to the penalties from the Securities and Futures Commission.

However, FF was in a period of rapid development, having secured one billion US dollars in funding, and he really couldn’t spare the time to return to the country.

Yet his wife, the once-famous actress Zhang Wei, had boarded a flight back to the country an hour ago…

Suddenly, public opinion was in uproar.

After all, Dai Wei went to the United States, reportedly opened a coffee shop that seemed to have closed down, and then completely disappeared.

But Old Jia was different; he was often active on Weibo, frequently expressed his homesickness, and even today, released a video full of ‘genuine emotion,’ and had his wife return to the country.

Once the video was released, it also made many people have expectations of him taking responsibility, mainly because they had to believe.

It’s like when people are alive, there’s always the possibility of repaying debts,

But if a person is gone, the debt becomes dead.

There were also some people who were genuinely touched by Old Jia’s sincere emotions, believing that he would definitely return.

Shen Peng couldn’t resist calling: “Mr. Lu, you met with him in New York; what do you think about his statement?”

“If FF succeeds, he will probably return; if not, forget about it,” Lu Liang managed to suppress a smile, but did not make a definitive statement.

The sixteen-minute video, only five minutes of which explained why he couldn’t return, and the remaining eleven minutes subtly promoted FF.

He repeatedly used Tesla as an example, like how Tesla initially took a low-interest loan of 445 million US dollars from the Energy Department to achieve a stunning comeback, and now has a market value of 98.8 billion dollars, and recently, the Energy Department also visited FF, showing considerable interest in investing.

Such remarks were numerous, as if saying FF is a stock with potential, the future Tesla, and investing now would definitely not be a loss.

“Damn it, over ten billion gone to waste.”

Shen Peng sighed. The usually refined man couldn’t help but swear. It wasn’t that he didn’t understand the rhetoric, he just didn’t want to accept it.

He also thought that creditors who had this idea were not in the minority and perhaps could actually enable Old Jia to raise significant funds.

Just like a Ponzi Scheme, having invested so much already, investing a little more might just get FF truly up and running, and save LeEco.

Shen Peng then asked, “Mr. Lu, if it’s convenient, could you tell me how much exactly do you know about FF?”

“Faraday Future.”

“???”

“I only know the name.”

Lu Liang laughed, he really hadn’t looked into it, ever since he received the news that LeEco would be delisted following a share price of 0.18 yuan three years later, he never paid any more attention to LeEco, Old Jia, or FF.

Paying attention was meaningless, FF and LeEco complemented each other; if FF developed, perhaps LeEco wouldn’t be so disastrous.

It seems FF is probably doomed.

“Thank you, sorry to bother you.”

Shen Peng expressed his gratitude and had already made a decision, to officially give up on this investment.

Lu Liang was not only an excellent speculator but also an outstanding investor. If he wasn’t interested in a project, then there was no need to continue investing.

The urgent matter at hand was for Redwood to focus on Meituan; as long as it could successfully go public next year, LeEco’s losses would be insignificant.

Meanwhile, Zhang Jing also saw Old Jia’s statement video and couldn’t help but sigh deeply.

Just now, the Securities and Futures Commission had announced their investigation into LeEco, and he was almost about to call Lu Liang.

After all, why announce it now and not earlier or later, especially since the news about tomorrow’s recap session was due.

He almost wanted to curse.

Once the king of the Growth Enterprise Market, second only to BYD in the new energy sector, Long Er’s recap had a huge market impact, and so many negative news articles were announced.

Fortunately, Old Jia had thick skin, worthy of being a veteran in business for over a decade, knowing there might be only a slim hope, but still possibly wanting to round up more money.

This video greatly soothed people’s hearts, and today’s market conditions were likely to get back on track.

At half-past nine, the A-share market opened.

Zhang Jing decisively ordered, a flood-like influx of fifty billion funds aggressively entered the new energy sector.

The ‘Tianxing System’s’ eighteen stocks took off, Ningde Era’s stock price hit the daily limit again, vying for the throne as the king of the Growth Enterprise Market.

That night, Tianxing Fund updated its net value, with a daily increase of 4.28%, and the net value returned to 1.4000.

The leadership turmoil had quietly resolved.

At this time, news swept through the elite circles that Tianxing Private Equity planned to issue a new tranche of funds.

This tranche would total three billion US dollars and introduce a completely new fee model and foreign investments.

Meng Changkun was contacted immediately by his friends asking, “Old Meng, we’ve all known each other for so many years, and Mr. Lu is rather high up now, he might not consider us anymore. Now, only you can get in touch with him.”

“I’ll try my best, but don’t hold too high hopes—this time, I’ve heard they are including foreign capitals, and the domestic share is very small.”

Meng Changkun could only offer a wry smile and make a pretense of agreeing.

Last year, caught between obligations to powerful patrons and Lu Liang, he chose to repay the favors owed to these patrons; hence, he warned Lu Liang to practice his charity not so ruthlessly, to leave others a way out.

However, Lu Liang dissolved it effortlessly, but Meng Changkun’s decision to step away from Lu Liang was not so easily dismissed.

Tianxing Private Equity’s third tranche gave him four shares, which was more than enough for Lu Liang to repay the favors he had received at the beginning.

They were now square, and in fact, Meng Changkun now owed Lu Liang a significant favor.

Meng Changkun dared not reveal that his relationship with Lu Liang had grown distant and only made excuses to evade.

Meanwhile, Lu Liang also received calls from Wilson, Cruick, and other Wall Street institutions.

He joked, “Your information is impressively accurate; the time difference seems non-existent.”

Wilson chuckled, “Sharks can smell blood miles away in the sea, and we are similar.”

Lu Liang directly stated, “That’s the plan, but it’s still in the planning phase, nothing’s finalized.”

Wilson queried, “When might it happen, and how many shares will be available?”

“In a week, we’ll know. If things go smoothly, you’ll have one billion dollars.”

“Only one billion dollars?”

Wilson looked conflicted. One firm alone could easily take that, but he knew that was impossible; it would likely be divided amongst seven or eight institutions.

“No need then, forget it.”

Lu Liang scoffed coldly, not indulging them further, as he had grown to understand these foreigners after a few interactions.

Western society is direct, doesn’t concern itself with personal relationships or customs—God knows who started that absurd claim.

It’s not that they don’t understand; they’re all too aware and fully exploit the misconception that they don’t understand, pretending to be oblivious.

With them, conversations and business dealings had to be straightforward, to prevent them from pretending not to understand, which could lead to significant losses. ƒreewebɳovel.com

“We want it, we want it~”

Wilson hurriedly said, his tone somewhat plaintive, “Lu, you’re not like other Chinese I know; you’re too clever.”

“That’s all for now then, hanging up.”

Lu Liang didn’t take Wilson’s compliment seriously and switched over to Cruick’s call. He roughly repeated the same spiel except Cruick’s tone was more plaintive.

Cruick reminisced about the other night when he had made arrangements for two young girls from Wulan for Lu Liang, only to be stood up.

“Lu, it took me a lot of effort; those two are rather famous middle school models.”

Cruick smacked his lips, seemingly still savoring the memory, but Lu Liang was not there to enjoy it; he had to go himself and achieved a double conquest that night.

The pain had brought tears to his eyes, recalling the scene made him shiver with excitement.

“Let’s stop there; when the project is launched, I’ll contact you again.”

Lu Liang felt speechless; these foreigners were far more unrestrained than he had imagined.

Fortunately, he had been cautious that night and hadn’t gone. If any evidence had been left behind, it probably would have ruined his reputation.

After all, Chinese society is relatively conservative about such matters, laden with moral expectations, unable to accept such perverse behaviors.

For half the night, Lu Liang spent his time on calls, invariably with friends he had met in New York.

Among them were Ivan, the grand princess, Sergey of the Saudi Sovereign Fund, and Ota Ling of Mitsui Sumitomo.

“Mr. Lu, our funds are ready.”

Ota Ling wasn’t seeking a subscription quota but was inquiring when the market operations might start.

This time, they had also prepared over a hundred billion dollars, lying idle in accounts, resulting in hundreds of thousands in daily losses.

“Just wait a bit longer; the situation isn’t quite clear yet,” Lu Liang offered an excuse casually and brushed him off.

This time, he didn’t want Mitsui Sumitomo to capture the full movement of the market; he planned for them to join midway, just to make a small profit.

Who knew how much capital they had secretly mobilized and whether it would cause a profound impact on the market?

Mobilizing too much capital was risky; he could end up digging a hole for Mitsui Sumitomo to benefit from—an uncontrollable source of funds was best left for the critical moment, just to finalize and close.