novelweb Chapter 632 Really Bankrupt!
Chapter 632 Really Bankrupt!
Lin Mancang confidently uttered bold words, even if Huafu Group went bankrupt, Enron Company would not be able to go bankrupt.
It is quite normal to establish this kind of thing. After all, in 2000, Enron was still ranked 16th in the world's top 500.
This year, oil prices have risen sharply, and many energy companies have entered the relatively high positions on the list.
For example, Mobil successfully kicked General Motors from the no.1 throne, Shell of the Netherlands and bp of the United Kingdom ranked sixth and seventh respectively, and Total of France ranked 13th, which is also above Enron, ranking in the world Five of the top twenty companies are energy companies.
The top 20 companies in the world can't say that they are bankrupt!
Director Wang, who presided over the meeting, pondered for a moment, looked up at Li Weidong, and asked, Chairman Li, what do you think?
After all, Li Weidong was the first person to bring up problems with Enron, so Director Wang decided to listen to Li Weidong's opinion.
Li Weidong immediately answered: I still stick to my previous point of view. I think Enron will go bankrupt soon. If we use Enron's technology, it will definitely affect the construction progress of the entire West-East Gas Pipeline!
Lin Mancang raised his eyebrows immediately, and glared at Li Weidong angrily. He said in his heart that I just said that Enron Company cannot go bankrupt, and you said that Enron Company will go bankrupt soon, are you deliberately confronting me?
So Lin Mancang said strangely: Chairman Li, how fast are you talking about? Is it one day? One week? One month? Or one year? If it is one day, does that mean waiting until tomorrow?
Enron going out of business?
I think within a month, Enron will file for bankruptcy! Li Weidong said firmly.
One month? What is the basis for the judgment? It can't be a wild guess, right? Lin Mancang continued to say in a strange way.
Of course not guessing,
I am making judgments based on economic knowledge. Li Weidong responded calmly.
Knowledge in economics? Lin Mancang snorted coldly,
Then he said: There are so many economists here,
Just pick one at random, the knowledge in economics is not richer than your Chairman Li?
Li Weidong smiled and nodded: Indeed,
As far as the professional level of economics is concerned, I am indeed far less knowledgeable than the teachers. But when it comes to economic predictions, my predictions are quite accurate,
At least so far it hasn't failed. Mr. Lin, if you don't believe me, you can ask some teachers.
Li Weidong successfully predicted the Japanese financial bubble and the Asian financial crisis back then. This is well known to everyone present. In terms of the accuracy of the prediction,
Li Weidong is indeed doing his part.
The economists present were speechless,
It is tantamount to acquiescing to Li Weidong's statement.
Lin Mancang also knew that Li Weidong's divine prediction was very accurate,
in this regard,
He really couldn't refute Li Weidong.
So Lin Mancang said, Chairman Li, even if your forecast is very accurate,
But predictions are for things that didn't happen,
Since it didn't happen, the prediction wasn't necessarily right.
Today you predict that Enron will go bankrupt within a month, and time will verify the authenticity of your prediction. But we can't do nothing, wait a month, right?
We may be able to wait a month, but next time,
You said that Enron went bankrupt within a year,
In other words, Enron went bankrupt in two years, we can't wait for a year or two, wouldn't it affect the progress of the project even more!
So I think we can't wait any longer, the construction can't be stopped, the previous contract should be signed as soon as possible, and Huafu Gas can also start the construction of the natural gas pipeline immediately.
Lin Mancang made it clear that he planned to sign the contract first, as long as the contract is signed,
Huafu Gas started construction, and the raw rice was cooked.
Until then, unless Enron really goes bankrupt,
Other external forces are unlikely to affect the construction of natural gas pipelines.
That makes sense,
We cannot affect the construction progress of the project because of something that has not happened yet. An expert next to him immediately echoed.
Director Wang nodded slightly. Although Li Weidong swears that Enron Company will go bankrupt, this is something that hasn't happened yet. You can't stop the pipeline project because of something that hasn't happened yet!
Li Weidong also felt that Director Wang's attitude had relaxed, and he could only sigh silently in his heart.
Although Li Weidong has a record of divine predictions, predictions are predictions after all, and can only be used as a reference. For strategic projects such as the West-East Gas Transmission Project, it is impossible to make decisions based on a prediction.
Thinking of this, Li Weidong said: Director Wang, actually I am not opposed to the construction of the project by Huafu Gas. What I am worried about is that once Anran Company closes down, it will definitely affect the progress of the construction. It will also affect the entire West-East Gas Transmission Project. will have an impact.
At present, there is indeed a problem with Enron Company. Because of this, I think some preventive measures should be taken, or an additional insurance should be added to the project to avoid unnecessary losses.
Chairman Li, have you thought of those precautions? Director Wang asked immediately.
I have two main suggestions. First, I think it should be stated in the contract that if Enron goes bankrupt and cannot continue to provide technical support to Huafu Gas, then Huafu Gas should be launched unconditionally. This project should Immediately other companies capable of construction will take over.
Li Weidong paused, and continued; We all know that Huafu Gas was engaged in the distribution of natural gas before.
In terms of natural gas transportation pipeline construction, there is a lack of technology and experience. Without the technical support provided by Enron, it would be difficult for Huafu Gas to complete the construction independently.
Once Enron goes bankrupt and Huafu Gas loses its technical support, the entire project will not be able to continue. At that time, Huafu Gas will continue to be responsible for the project, which will only waste time. It is better to hand it over to other capable companies. At least the project can be guaranteed It can continue with quality and quantity.
Director Wang immediately looked at Lin Mancang, and asked, Mr. Lin, what do you think of Chairman Li's suggestion?
Lin Mancang did not bargain, he nodded: Our Huafu Gas is not the kind of owner who occupies the latrine and does not shit. If Anron really can't provide technology, then we will take the initiative to abdicate. I, Lin Mancang, promise , will definitely not affect the construction and construction progress of the project because of the Huafu gas problem.
Director Wang nodded in satisfaction, then looked at Li Weidong, and asked, Chairman Li, what's your second thought?
I hope that in the preliminary survey work of the project, the candidate company will be directly introduced. In this way, if there is a problem with Huafu Gas, the candidate company does not need to re-measure, and can directly carry out construction planning and construction, which can save money. A lot of time, at least it can reduce project delays. Li Weidong said.
The candidate companies that Li Weidong talked about were Huanghai Petrochemical, after all, only these two companies entered the final bidding stage.
However, this time, Lin Mancang shook his head: No, Huafu Gas does not agree! This is our Huafu Gas project, so why let other companies get involved!
Mr. Lin, if it's just a survey, it won't affect the normal construction of Huafu Gas. Li Weidong paused, and then continued; And I think that Anran Company will file for bankruptcy in less than a month, and the survey work of the project should have just started. It is completed and has not yet entered the formal construction. If you replace the backup company at this time, there will be no loss in the construction period at all.
Hehe, Chairman Li, according to what you mean, is Enron Company just about to go bankrupt? Lin Mancang asked with a look of disdain.
My judgment has always been very accurate. Li Weidong said, looking at Director Wang, and continued: Director Wang, my suggestion is to add an insurance to the project. It's all about gain and nothing harm.
Indeed, it's always good to have an extra guarantee. Director Wang looked at Lin Mancang and said, Mr. Lin, it's just a measurement before construction, and it won't affect the official construction of Huafu Gas, right?
Director Wang said so, Lin Mancang had no choice but to agree.
Early in the morning, in the conference room of Huanghai Petrochemical, several senior executives gathered for a meeting again.
Huafu Gas has already signed the contract. It seems that we are out of luck for this project!
I thought that Li Weidong was so powerful. After so many days of tossing around, he finally got us a spare tire status!
Don't we now have the opportunity to conduct field measurements? A good start is half the battle!
The construction scale of this project is quite large. If we go to measure, it will cost a lot of money, right? After we spend money to complete the measurement, it will be Huafu Gas Construction in the end. Wouldn't it be a waste of time to fetch water from the bamboo basket? What a waste of money!
In the conference room, everyone was full of complaints and pointed their finger at Li Weidong.
Song Jinlong looked at everyone with a livid face, and then said: Yesterday, I talked with Li Weidong on the phone, and he told us not to be impatient. According to his judgment, Enron Company will file for bankruptcy within a month! By then Hua Fu Gas cannot obtain technical support, so the project will naturally fall into our hands.
In one month, Enron will go bankrupt? Isn't this a fantasy! In the past few years, so many companies were in recession, but before they were on the verge of bankruptcy, they lasted for another two or three years!
It was Lao Du who spoke, and he continued: There is a saying that a skinny camel is bigger than a horse. After all, Enron is a top 20 company in the world, and their scale is not much bigger than our domestic companies?
Those companies in our country can last for another two or three years. Even if Enron is really failing, it is not too much to last for five or six years! If you say that Enron will go bankrupt within a month, I don't believe it!
Back then, the No. 3 National Cotton Factory in our city lasted for five full years after it ceased production. Just by selling land, it was enough to pay the laid-off workers living expenses.
Gu Ling: Enron must have tens of billions of dollars in assets, right? If you sell all of them to pay your salary, it will be enough for you to retire. And Enron is just having a problem now, and it's not really going bankrupt!
I see, this Li Weidong is still unreliable. He said that Enron Company will go bankrupt within a month, just to perfuse us! Maybe he thinks that after a month, as long as he doesn't mention this matter, we will have nothing to do with it. Forget it!
At this moment, the secretary knocked on the door and walked in, coming to Song Jinlong's side.
What's the matter? Song Jinlong asked.
Dong Song, didn't you ask me to pay attention to the situation of Enron Corporation in the United States, and inform you immediately if there is any new news?
The secretary paused, and then said: I just got the news that Enron has admitted to making false accounts, saying that it has falsely reported a profit of 600 million U.S. dollars! Some American companies have expressed their willingness to acquire Enron, and Enron may really fail this time. Already!
Since 1997, about 600 million US dollars in profits have been falsely reported? Looking at the news, Li Weidong pouted with disdain, and then said to himself:
Enron reported a loss of US$618 million in the last quarter, but over the past four years, it has only falsely reported a profit of US$600 million. Who would believe it!
600 million US dollars in four years, an average of 150 million US dollars per year, this figure is like a joke.
Last year, Enron's financial report gave a profit of 100.8 billion US dollars. If it can earn 100.8 billion a year, how could it be possible to falsely report 150 million US dollars!
This is like a person who earns tens of thousands of dollars a month. When someone asks him what his income is, he deliberately said an extra 15 yuan. Does it make sense?
Many large companies in the United States donate more than 150 million US dollars to asset institutions every year. If you really have the time to make fake accounts of 150 million US dollars, it is better to donate money to avoid taxes, you can save the money legally, and you can also earn a good reputation.
It made it clear that Enron Company was forced by various pressures and could only admit that it had made false accounts, but it only admitted a drop in the bucket.
But even if the whole of Wall Street knows that the 600 million US dollars of false accounts that Enron said is just a fraction, there is nothing they can do about it. Because Enron's financial report is really seamless.
Enron Company spends tens of millions of dollars every year to ask Anxinda Firm to make fake accounts. How can it be so easy to find mistakes!
Therefore, how many false accounts Enron has made over the years, unless Enron itself admits a figure, it is difficult to come up with the real figure.
That is to say, in terms of fraudulent accounting, Enron Company said as much as it said, and others would not be able to find out even if they wanted to.
It is precisely because this part of the information is too opaque that the public and investors have lost trust in Enron, so when the Enron incident broke out, Enron's stock fell sharply.
At its peak, Enron's stock was as high as $90 a share, while Microsoft's stock price was only a dozen dollars at that time, and Apple's was even worse, with a share price of less than $1.
After the Enron incident broke out, Enron's stock fell to 0.26 US dollars, a full shrinkage of 350 times!
In the stock market, it is not uncommon for stocks to shrink by 350 times. Many so-called monster stocks have shrunk directly to delisting.
But given the size of Enron, that's a different story.
For a small company with a market value of more than one billion, even if the stock shrinks to the point of delisting, the impact will not be great.
However, Enron is the sixteenth largest company among the top 500 companies. With such a scale, the stock has shrunk by 350 times, and the result can be imagined.
What's more, Enron also issued a lot of corporate bonds.
After the Enron incident broke out, Standard \u0026 Poor's continuously downgraded Enron's bonds within a month, and finally fell to the level of junk bonds.
Countless investors went bankrupt in an instant, and almost every famous investment fund stepped on thunder.
Early in the morning, Lin Mancang was sitting at the dining table, enjoying breakfast, and the morning news was playing on the TV in the living room.
Please watch the international newsletter below...
Russian astronauts eliminated the fault of the space station and successfully docked the spacecraft...
The advent of cloning of human embryos has caused widespread controversy in all walks of life...
A Japanese satellite fell into the ocean in the Antarctic Circle due to a wrong prediction...
Enron Corporation of the United States officially filed for bankruptcy, which is the largest bankruptcy case in the history of the United States...
Hearing this news, Lin Mancang's hand holding the chopsticks shook suddenly, and the poached egg immediately fell into the soy milk, splashing his face.
However, Lin Mancang didn't care to wipe his face, and quickly got up and ran to the TV.
At this time, other news had already started to be broadcast on the TV. After all, it was only an international newsletter, and there was only a short sentence about Enron's bankruptcy case.
Fake news! How could Enron go bankrupt! Lin Mancang subconsciously looked at the logo on the upper left corner of the TV.
Central One Channel, it can never be fake news.
Enron is really bankrupt? Lin Mancang suddenly remembered Li Weidong's prediction, and then cursed viciously: Li Weidong is a crow mouth!
In the conference room of Huafu Gas, everyone looked solemn.
Mr. Lin, I have already contacted Anran, but the other party did not answer the phone, sent an email, and has not received a reply yet. The subordinate said.
I don't answer the phone, I don't reply to the email. It seems that Enron is really going to go bankrupt! Lin Mancang said anxiously.
Mr. Lin, don't worry. Don't forget that there is a time difference between China and the United States. Our side is in the morning, and the United States is in the middle of the night. People are resting in the middle of the night. It is normal not to answer the phone. Someone said said comfortingly.
It's true, it's night in the United States! Lin Mancang calmed down, and then said; But we still need to get the exact information on the United States as soon as possible. If any of you have friends in the United States, try to contact them and find out quickly. Find out what happened to Enron Corporation!
Another person next to him said, Mr. Lin, I don't think we need to worry too much. Even if Enron is really going to go bankrupt, other companies will come to buy it.
After all, Enron is engaged in energy trading. In recent years, international energy prices have risen sharply, and energy is very profitable. Enron will definitely have many high-quality assets worthy of acquisition.
And no matter who buys Enron, they will definitely want to enter the Chinese market, and they will have to cooperate with Huafu Gas at that time, so our project will definitely continue!
What's more, let's not forget, there is also the US government! Enron is the second largest energy company in the United States. Its status in the United States is equivalent to Sinopec in our country. How could the US government allow Enron to go bankrupt!
I thought of the critical moment, the U.S. government will definitely rescue Enron. So we don't have to worry at all, as long as we wait for the US government to take action, the problem will naturally be solved!
It makes sense. We were considering commercial factors before, but we didn't expect that the US government, a company as big as Enron, would go bankrupt, and the consequences would be unimaginable. The government can't let it go!
Lin Mancang let out a sigh of relief, and continued, The US government will definitely take action to save An Ran!
1 second remember fantasy house:. Mobile version reading website: .xuanhuanwu
No pop-up window, timely update!