Earn a good reputation.

It is clear that Enron, under pressure from all sides, had no choice but to admit that it had falsified its accounts, but it only admitted a drop in the bucket.

But even though the entire Wall Street knew that the $600 million in false accounts that Enron said was just a fraction, there was nothing they could do about it because Enron's financial reports were truly flawless.

Enron spent tens of millions of dollars every year on the false accounts produced by Anxinda Firm. How could it be so easy to find flaws?

So how many false accounts did Enron make over the years? Unless Enron itself admits a figure, it is difficult to get a true figure.

In other words, when it comes to falsifying accounts, Enron said it was whatever it said, and no one else would be able to find out even if they wanted to.

It was precisely because this part of the information was so opaque that the public and investors lost trust in Enron. Therefore, when the Enron incident broke out, Enron's stock price fell sharply.

At its peak, Enron's stock price was as high as 90 U.S. dollars per share, while Microsoft's stock price was only a dozen dollars at that time. Apple's stock price was even worse, with its stock price less than 1 U.S. dollar.

After the Enron incident broke out, Enron's stock fell to $0.26, a total 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 to the point of being delisted.

But given the size of Enron, the situation is completely different.

For a small company with a market value of more than one billion, even if its stock shrinks or is delisted, the impact will not be great.

Enron was the 16th largest company among the Fortune 500 companies. With such a scale, the stock shrank by 350 times. The results can be imagined.

What's more, Enron also issued a lot of corporate bonds.

After the Enron incident broke out, Standard & Poor's continuously downgraded Enron's bonds within a month, eventually downgrading them to "junk bond" status.

Countless investors went bankrupt in an instant, and almost every famous investment fund was hit by a thunderstorm.

…

Early in the morning, Lin Mancang was sitting at the dining table, enjoying breakfast. The morning news was playing on the TV in the living room.

"Please watch the international newsletter below...

"Russian astronauts troubleshooted the space station and successfully docked the spacecraft..."

"The advent of cloned human embryos has triggered widespread controversy from all walks of life..."

"Due to a prediction error, a Japanese satellite crashed into the ocean within the Antarctic Circle..."

"Enron Corporation of the United States officially filed for bankruptcy, which is the largest bankruptcy case in the history of the United States..."

Upon hearing the news, Lin Mancang's hand holding the chopsticks suddenly shook, and the poached eggs immediately fell into the soy milk, splashing all over his face.

However, Lin Mancang didn't bother to wipe his face, quickly got up and ran to the TV.

At this time, other news had already begun to play on the TV. After all, it was just an international briefing. The introduction to the Enron bankruptcy case was only a short sentence.

"Fake news! How could Enron go bankrupt!" Lin Mancang subconsciously looked at the station logo in the upper left corner of the TV.

Central Channel 1, it can’t be fake news.

"Is Enron really bankrupt?" Lin Mancang suddenly remembered Li Weidong's prediction, and then cursed fiercely: "Li Weidong is such a crow's mouth!"

…

In the conference room of Huafu Gas, everyone looked solemn.

"Mr. Lin, I have contacted Enron, but the other party did not answer the phone, sent an email, and has not received a reply so far," the subordinate said.

"If you don't answer the phone or reply to the email, it seems that Enron is really going to go bankrupt!" Lin Mancang said anxiously.

"Mr. Lin, don't worry yet. Don't forget that there is a time difference between China and the United States. It's morning here, but it's midnight over there in the United States. People have rested in the middle of the night, so it's normal not to answer the phone." Someone said.

comforted.

"That's true, it's night over there in the United States!" Lin Mancang calmed down and continued, "But we still need to get the exact information about the United States as soon as possible. If any of you have friends in the United States, try to contact them and ask them as soon as possible.

Find out what happened to Enron!"

Another person next to him said: "Mr. Lin, I don't think we need to be too anxious. Even if Enron really goes bankrupt, other companies will come to acquire it.

After all, Enron is engaged in energy trading, and international energy prices have risen sharply in recent years. Energy is very profitable. Enron will definitely have many high-quality assets worth acquiring.

And whoever acquires Enron will definitely want to enter the Chinese market, and then they will have to cooperate with Huafu Gas, so our project will definitely continue!

What's more, let's not forget that there is also the US government! Enron is the second largest energy company in the United States, and its status in the United States is equivalent to our country's Sinopec. How could the US government allow Enron to go bankrupt!

I thought that at the critical moment, the U.S. government would definitely take action to rescue Enron. So we don’t have to worry at all. As long as we wait for the U.S. government to take action, the problem will naturally be solved!"

"That makes sense. We were all considering business factors before, but we didn't expect that the U.S. government and a company as big as Enron would go bankrupt, and the consequences would be disastrous. The government can't just let it go!"

Lin Mancang took a deep breath and continued, "The U.S. government will definitely take action to save Enron!"
Chapter completed!