Chapter 74 Lawyer's Letter from Penguin Group
Out of absolute trust in Chen Jianghe, Lin Siqi cleared out the stocks in his account on his computer after returning to the dormitory. The next day, when the funds arrived, he transferred them to Chen Jianghe without hesitation.
After the transfer was successful, Lin Siqi suddenly felt a little regretful.
180,000 yuan is not a lot, but not a small amount either. If you deposit it in a bank, not only will your principal and interest be guaranteed, but you will also get a passbook. If you lend it to others, you also have to write a promissory note and transfer it to Chen Jianghe, with only a verbal promise of 8% monthly interest.
It’s fine if you make money, but what if you lose money?
"I was careless. I should have asked him to write me a written promise that if I lost money, he would pay me with his body..."
Lin Siqi sat on the upper bunk of the double bed in the dormitory, swinging her long beautiful legs. What was on her mind was that Chen Jianghe was desperate after losing money in the stock market, and in desperation, he asked for repayment of his debt with his body. Then she gladly agreed, and the two went to the small hotel hand in hand.
Unfortunately, her idea was contrary to reality. Chen Jianghe wrote a bad check and "took away" her funds. Based on Lin Siqi's understanding of him, that guy would not repay her with his body even if he lost money. At most, he would lift up his shirt and let her touch his abdominal muscles to satisfy her desire.
After receiving the transfer, Chen Jianghe sent a few smiley faces to Lin Siqi on QQ to express his gratitude, and then started to get busy. After scraping together 500,000 yuan in funds, he took a ride to the Guotai Junan Securities Sales Department.
Financing through formal channels not only has a threshold, but also a review mechanism, and must be handled at the business department.
The business department usually conducts risk assessment on investors, and also requires investors to have more than half a year of stock market trading experience and an average daily asset of 500,000 in the first 20 trading days before financing is opened.
Chen Jianghe remembers very clearly that the domestic margin trading business system was officially launched on March 31, 2010. In June 2006, a document was issued to conduct a pilot program for margin trading. Some securities firms in eastern Guangdong were also secretly providing margin trading services to some high-quality investors, and undercurrents had already been surging in the market.
The requirements for securities financing during the pilot phase were not as strict as in later generations. Basically, as long as there was $500,000 in funds on the books and the process was a formality, other requirements could be lowered. The main thing was to negotiate the rates and commissions face-to-face at the business department, and if both parties felt it was appropriate, it would be finalized.
Normally, a brokerage firm gives a leverage of 1. If a company has 500,000 yuan of its own capital, it can raise 500,000 yuan without any discount. In this way, 1 million yuan will be invested in the stock market, and both the capital and the returns will be magnified by 1 times.
In addition to brokerage financing, there is also over-the-counter financing, and the leverage is relatively high, ranging from 2 times to 5 times or even 10 times. Chen Jianghe remembers it very clearly that the stock market crash in 2015 was largely caused by the disorderly entry of over-the-counter financing and excessive financial leverage.
Chen Jianghe has always been cautious. Even when walking on a tightrope, he would walk on the thickest one to avoid standing too high and falling headfirst, unable to get up again.
After spending most of the day at Guotai Junan Securities and completing financing matters, Chen Jianghe returned to school in high spirits.
Also involved in stock trading, Chen Jianghe has been secretly raising funds and increasing leverage, while Liu Dongliang in the dormitory is still stuck in the quagmire of losses with no hope of making a profit.
It's not that Chen Jianghe didn't want to help him, it's mainly because Lao Liu was too stubborn when it came to stock trading. Once he identified a stock, even if it was a piece of shit, he would still spend money to buy it and take a few bites. He would only think of spitting it out when he couldn't swallow it. It was a miracle that he could make money by doing this.
Lao Liu's operations in the stock market seem bizarre, but in fact they are also a true portrayal of many investors. How many people have been trading stocks for decades, and have grown from young leeks to old leeks, and have been harvested one after another. It's all tears to talk about it.
"Jiang He, I have good news for you. Today I have made a comeback and the two checks in my account have reached their daily limit!"
As soon as Chen Jianghe returned to the dormitory, Liu Dongliang excitedly told him the good news.
"Yeah." Chen Jianghe raised his eyebrows and said, "Brother Liu is awesome, can you treat me to a nice meal tonight ?"
"It's no problem to treat you." Liu Dongliang waved his hand and said domineeringly, then smiled and said, "But you have to pay for the meal. All my money is in the account, all floating profits."
"Good fellow." Chen Jianghe called him good fellow, but he also took out his meal card very kindly and handed it to Liu Dongliang; "Use it as you like, and remember to pack a portion for me after you finish eating."
"Okay." Liu Dongliang didn't bother to be polite. He took the meal card and turned to leave. When he reached the door, he suddenly remembered something and turned to tell Chen Jianghe: "Teacher Xu sent a QQ message saying that there is a postal letter for you in her office and asked you to pick it up when you have time."
"Postal mail?"
Chen Jianghe blinked and thought, could it be that I haven't visited Jiang Yishu for a while, and she suddenly had the urge to write to me?
The key point was that it happened to be sent to the counselor...
On second thought, it is unlikely. Even if it was really a letter written by Jiang Yishu, Teacher Xu would not open it to read. After all, letters involve personal privacy, and unless the relationship is close enough, they will basically not be opened casually.
"Go get it and have a look first."
Chen Jianghe thought about it and decided to hurry to Teacher Xu's office to get the letter back.
When Chen Jianghe came to Xu Zhixi's office, she was writing something with her head down.
She was the only one in the office and Bai Qidong was not there, so after Chen Jianghe entered, he closed the door behind him. Unfortunately, there seemed to be something wrong with the office door and it could not be locked.
Hearing the door closing, Xu Zhixi turned her head and saw that it was Chen Jianghe. She smiled and said, "You're here?"
"Yeah." Chen Jianghe smiled and asked, "I heard you have my email?"
"Yeah." Xu Zhixi nodded gently, leaned over to open the desk drawer, took out the mail and handed it to him: "It's from Shenzhen."
"Shenzhen?"
Chen Jianghe raised his eyebrows, took the email and saw that it was indeed sent from Shenzhen. He immediately had a bad feeling. After opening the email, as expected, there was a lawyer's letter inside.
"Penguin Group's legal department is so fast."
Chen Jianghe narrowed his eyes. He thought that his small move by taking advantage of Penguin's momentum would not be exposed until at least one or two months later. By then, the 9527 company headquarters would obtain financing from Penguin Group, and this small move could be put on the table naturally.
Unexpectedly, the Penguin Group ’s legal department acted so quickly and responded within half a month. The sudden lawyer’s letter caught Chen Jianghe off guard.
"This is definitely due to the promotion of Nuomi Group Buying and even BD Group."
Chen Jianghe thought about it deeply.
The lawyer's letter is actually a legal threatening letter. Its content is nothing more than a stern warning to Chen Jianghe, ordering him to immediately stop the infringement. Otherwise, legal means will be used to protect rights and investigate relevant responsibilities.
Most people would be very scared if they received such a lawyer's letter with standardized content and harsh wording. However, Chen Jianghe was not only thick-skinned but also had a very strong psychological quality. After carefully reading the content, he found that the "warning" effect of this lawyer's letter was greater than the "rights protection" and accountability effect.
In other words, as long as Chen Jianghe immediately stops the infringement, Penguin Group will not pursue liability.
"It's probably not that the Penguin Group's legal department is lenient and merciful because I'm a student, but rather that the financing negotiations between the 9527 headquarters and Penguin have reached a new level, and the two sides have gone from flirting to an ambiguous stage."
"Otherwise, given Penguin's consistent style, it can't be as simple as a lawyer's letter."
Chen Jianghe thought of something deeper from this simple letter from the lawyer.
But this is just an unconfirmed guess, and he is not very sure.
What Chen Jianghe can be sure of now is that the Penguin Group’s legal department will definitely not send him a lawyer’s letter alone. The 9527 company headquarters and even the Guangdong East Branch will receive it.
He wanted to see how the company would react to this.
