BXBX NOVEL Chapter 115: Chapter 115 Wash Mining Famous Once Again.
Even in the new century, with transactions handled by supercomputers, data retention, comprehensive laws and regulations, and even phone monitoring, some people still play the game of stock manipulation.
Hardy\'s Wash Mining was exactly this kind of small, worthless stock, and since he was the absolute majority shareholder, it was even easier to manipulate.
"Andy, I\'ll leave this matter to you. Is the $200,000 in the account enough?" Hardy said with a smile.
"Hmm, it should be enough."
Andy had the security company personnel open a batch of new accounts, abandoning the ones Hardy had used before due to traces of manipulation.
A total of 60 new accounts were opened.
Each account was only funded with $3000 to $4000.
Andy wasn\'t in a hurry to buy stocks because Wash Mining was currently valued too low, and a few thousand dollars could potentially drive up the stock price.
Two days later.
Wash Mining released its quarterly report.
The report showed,
In the last three months, Wash Mining had zero revenue, debt increased by $110,000, used for wages and other expenses, and the company\'s liabilities increased to $346,000.
Originally, Wash Mining was among the worst of worthless stocks, with no investment value, and its stock price remained around $0.03. The only reason there were still holders was that the price was so low that people hoped for some good news to drive the price up.
Unexpectedly, the new financial report showed that the company was as worthless as ever, with almost no appreciation prospects.
As this financial report was released, many investors became even more disappointed with Wash Mining.
Some people originally considered bottom fishing, thinking that investing a few thousand dollars wasn\'t much, but they didn\'t expect Wash Mining to be a bottomless pit.
"This worthless company will be delisted sooner or later. It\'s better to cut losses early, or we\'ll lose everything."
"I don\'t think there\'s any reason to hold it anymore. I\'m going to sell."
As investors lost confidence in Wash Mining again, the stock price fell from $0.03 to $0.02, with a large number of sell orders, as people wanted to clear this worthless stock quickly.
At this moment, Andy stepped in and started acquiring circulating shares of Wash Mining.
Whenever someone sold, he bought.
In this way, the stock price was forcibly raised by 3 cents.
However, many people still had no confidence in the company\'s future, with some mocking, "Maybe the major shareholder bought it himself. This is probably the last struggle."
"We can\'t jump into this pit any further."
A few days passed, and Wash Mining\'s stock price stabilized. Due to its low value, some people were still willing to hold it, hoping to see it rise one day.
But at this time, a financial newspaper published an analysis article that laid bare Wash Mining\'s situation.
Wash Mining\'s headquarters was in San Francisco, and apart from the headquarters, it had almost no profitable projects. The only external investment was a piece of land purchased in New Mexico, but it turned out there were no mineral veins, just a piece of wasteland.
Some even said Wash Mining might be forcibly delisted, and if that happened, the stock price would drop further and shareholders would lose everything.
At once, even those who were still watching couldn\'t sit still and sold off their stocks, causing Wash Mining\'s stock price to drop again with a flood of sell orders.
Taking advantage of this opportunity, Andy bought in large quantities again.
In just one week, he used dozens of accounts to acquire 80% of Wash Mining\'s circulating shares.
The stock price still hovered around 3 cents.
While people thought Wash Mining would remain stagnant, a week later, the largest newspaper in the US, The New York Times, published an ad.
The ad featured a beautiful glass bottle of mineral water, with the Rocky Mountains printed on it and a trademark.
"Rocky Mountain Mineral Water."
"Rocky Mountain Mineral Water, with a pH value of 7.3±0.5, slightly alkaline, natural sweet taste, from the melting glaciers of the Rocky Mountains, nurtured by the mountains for years, contains potassium, calcium, sodium, magnesium, metasilicic acid, and other minerals and trace elements required by the human body, natural and pure, sweet and refreshing, beneficial for health, suitable for long-term consumption as a top-quality mineral water."
"We will launch two types of beverages: mineral water and sparkling water, to improve your quality of life."
Nowadays, there are many ads in newspapers, and people don\'t pay much attention, just thinking that this mineral water seems quite high end.
What were mineral ions and trace elements? These were new terms to people in their 40s and quite convincing.
Frank a newspaper editor who often speculated in stocks didn\'t pay much attention after reading the ad. But when he accidentally saw the name of the mineral water company, he was stunned.
The Rocky Mountain Mineral Water Company\'s name included Wash Mining.
What\'s going on?
How did Wash Mining get into the mineral water business?
Curious, he called the commercial administration department and found that the mineral water company indeed had shares from Wash Mining, holding 20%, and the registration was just a few days ago.
After discovering the Rocky Mountain water source, Hardy called Michael. The land was Hardy\'s territory, and Michael felt it couldn\'t be used for free. They discussed and decided to establish a brand directly.
The water plant was named Rocky Mountain Mineral Water, forming an independent company. Hardy and Michael each held 40%, and Wash Mining provided the land and water resources, holding 20% of the shares.
If mineral water resources were found in other places in the future, resource fees would be calculated accordingly. If purchased by the mineral water company, Hardy and Michael would each hold 50%.