Chapter 378 Crashed
The meals were still sent on time but without flowers.
Josie had a few consecutive meetings. She discussed with Wyatt and overseas leaders the list of employees to lay off. The company’s articles of association were also amended, which gave them more protection from the reverse takeover.
They thought the reverse takeover meeting went well, but no one expected that Wyatt’s stocks would hit the limit down price the next day. Josie quickly sensed something unusual after learning for the past few days. “Check if the overseas company dumped their stocks.”
Her colleagues quickly confirmed her theory.
After pondering calmly, Josie guessed that Dexter didn’t know she had one billion as assistance from Arnold. If Arnold didn’t tell Dexter about it… she had a loophole.
They were short-selling.
She immediately informed Wyatt’s trader. “Keep an eye on the stock market. We will buy as many stocks as the overseas company dumps.”
The trader was hesitant to go up against them so forcefully. “Are you sure?”
She had no way out.
The overseas company and Wyatt kept selling and buying shares for the next few days. The stock market was steady, and it also instilled confidence in most of the stock investors. When the stock market closed this week, the overseas company had dumped five billion in stocks. They shorted all of Wyatt’s outstanding shares. Although he was in heavy debt, he had won the battle.
Wyatt’s team stared at the exact numbers and breathed a sigh of relief. Someone hit the table, and the entire office was fired up.
Josie looked at the rising and falling numbers on the computer screen. They had salvaged the situation. The worry she had in her heart disappeared.
Thankfully. Thankfully they didn’t know Josie had one billion from Arnold. She had managed to defeat them…
But Wyatt sent over a stack of report forms and seemed to have much on his mind. “If the stocks continue to fall when the market opens next week, we will lose everything.”
Josie looked up. “They don’t have any funds left, and the market is stable. How can it fall?”
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