Chapter 168: A Small Test of Skill, President Su Wants to Break the Contract?

Chapter 168: Chapter 168: A Small Test of Skill, President Su Wants to Break the Contract?

On the first day.

Before the United States stock market closed.

Lin Feng seized the opportunity, having Vice President Li sell all the stocks they were holding.

And those two stocks did not disappoint.

Even the automotive stock, which Vice President Li thought had no potential, had already surged by fourteen percent!

Yang Qiniang had been watching from the sidelines, completely dumbfounded.

He had finally realized something.

When it came to the stock market, Lin Feng either didn’t make a move or, when he did, he only bought stocks that were guaranteed to skyrocket.

This was Yang Qiniang’s first time following Lin Feng’s lead and experiencing the United States stock market.

The United States stock market was just plain thrilling.

There were no such things as limit-up circuit breakers.

Moreover, the United States market was enormous, and there were no hidden forces meddling to maintain balance.

It was driven entirely by capital.

It was also Yang Qiniang’s first time seeing stocks that could climb by more than ten percent.

A quick mental calculation was all it took to feel the incredible rush.

But the United States market was no easy place to survive.

Gains were high, but losses were just as steep—some drops were even more severe than those of certain stocks in the Celestial Stock Market.

And there were no limit-down circuit breakers to hit.

Meaning, there was no bottom limit!

In fact, Yang Qiniang had noticed some other stocks today that had already plummeted by over twenty percent.

Nearly one-fifth of their market value evaporated in an instant.

And this phenomenon was completely normal in the United States stock market.

Therefore, Yang Qiniang realized that the experience and theories accumulated from the Celestial Stock Market were completely useless for investing here.

The stocks in the United States market didn’t play by the rules.

Yang Qiniang knew very well that if he were to invest his own money in the United States market...

...he would surely get battered and bruised before he figured things out.

But he never expected Lin Feng to achieve such a resounding victory on his very first day.

It wasn’t until three or four in the morning that the three of them finally called it a day.

Vice President Li and Yang Qiniang did a rough calculation.

In just this one day.

They had traded three stocks.

With an average gain of fifteen percent per stock.

This meant that out of two hundred fifty million, they had made over thirty-seven million in the blink of an eye!

And this was only the first day, when Lin Feng wasn’t even very familiar with the United States market conditions.

To achieve such high returns on his very first move...

...and in the deep sea that was the US stock market, no less.

Vice President Li was truly in awe of Lin Feng.

Vice President Li had never seen such outstanding ability in any other stock market investor.

After the market closed, Lin Feng didn’t give the thirty-odd million in profit a second thought.

Today was just a small test run.

For Lin Feng, the real jackpot was tomorrow!

Tomorrow, there was a "demon stock"!

A so-called demon stock is one with terrifying gains.

Because the United States market has no upper limits.

Therefore, investors refer to stocks with a daily gain of over twenty percent as demon stocks.

However, the appearance of a demon stock was a once-in-a-blue-moon event.

And most demon stocks appeared on the day a new company went public.

The stock Lin Feng was targeting was from a newly listed tech company.

According to the trend charts...

...this stock would see an astonishing surge tomorrow.

This made Lin Feng quite eager for the market to open the next day.

That was why Lin Feng had pulled out all his funds right before the market closed today.

It was all in preparation for tomorrow.

Tomorrow, Lin Feng would only buy one stock!

Since they had all basically pulled an all-nighter...

...Lin Feng didn’t make Vice President Li and Yang Qiniang come to work the next day.

He just told them to go home and get some proper rest.

Their sleep schedules would be flipped upside down for at least this week.

Vice President Li and Yang Qiniang, however, were quite excited.

Normally, after staying up all night, they should have been exhausted.

But after witnessing the profits and the wild swings of the United States market, the two of them were too thrilled to sleep.

Vice President Li was ecstatic because he sensed that Lin Feng might be a young stock market prodigy.

Yang Qiniang was simply thrilled by the sheer volatility of the stocks in the United States market.

Since he couldn’t sleep anyway, Yang Qiniang simply found a few finance books in the office and started reading.

Today’s investment experience had once again shown Yang Qiniang the gap between himself and Lin Feng.

Without realizing it, Yang Qiniang had already started to see Lin Feng as his role model in stock market investing.

The power of a role model is limitless.

Besides, Yang Qiniang also yearned for the thrill of the United States stock market.

So he began to absorb theoretical knowledge like a man starved.

...

When Lin Feng woke up, it was exactly 4:00 p.m.

The moment he opened his phone, he saw a series of messages from Huizi.

"It seems President Su doesn’t intend to pay the breach of contract penalty."

"We just found out that President Su mortgaged his family’s real estate to the bank. All the funds he freed up went into the Joy City project."

"What should we do next?"

Huizi hadn’t expected President Su to just default on his obligation.

So, with no other choice, she had to ask Lin Feng for instructions, unsure of the next step.

Lin Feng sneered. ’He wants to break the contract?’

Without a word, Lin Feng immediately called Huizi. "Prepare the legal procedures and simultaneously apply for an asset preservation order."

"Have the court freeze his assets. If he wants to keep throwing money at that project, he’ll have to see if I’ll let him!"

Upon hearing Lin Feng’s instructions, Huizi immediately got to work.

At the same time, she was inwardly amazed.

Lin Feng’s move was brilliant.

It was like pulling the rug out from under President Su, cutting off his escape route.

Right now, President Su was dead set on pouring money into the Joy City project to bring it back from the dead.

His plan was to wait for the project to become operational and start turning a profit.

The capital returned could then be used to slowly revitalize the company.

However, Lin Feng was suing him directly in court.

And in order to protect Lin Feng’s interests—plus the fact that Dingsheng Real Estate currently posed a significant financial risk—applying to freeze their assets was perfectly reasonable.

One of the main purposes of freezing assets is to prevent the defendant from transferring their money.

And President Su’s recent actions of mortgaging property to obtain funds did indeed look a lot like asset transfer.

The more she thought about it, the more brilliant she found Lin Feng’s move to be.

Since President Su planned to be a deadbeat, Lin Feng’s methods naturally had to be harsher.

Sure enough, she followed Lin Feng’s instructions and submitted the relevant applications.

They were approved very quickly.

Poor President Su was still dreaming, thinking he could get the money to resurrect his project.

He never would have imagined that when he went to withdraw money with his bank card the next day, he would discover his bank account had been frozen.

A few hours later, he received a summons from the court.

Lin Feng had calculated everything.

This time, President Su had no way of evading the four hundred and eighty million breach of contract penalty.

Because from the very beginning, Lin Feng had no intention of giving him any breathing room.

He had already tasked Huizi with handling the relevant procedures.

Lin Feng wasn’t overly concerned with the matter.

In any case, there was no way President Su could continue pouring money into the Joy City project.

Without being able to inject new life into that project, President Su had no hope.

Lin Feng didn’t even have to think to guess what would happen next.

When the time came, they would just have to see if President Su could even react.