Chapter 33: The Next Step
At 10:00 a.m. on May 27, a Buick sedan drove to Fenway District Court. Zhou Ming and his lawyer Allen walked out of the car. They all came to a simple room with only the judge clerk and the defendant's dock. This is actually a simple court to judge cases that do not require complicated trials. In fact, many simple civil or criminal cases are judged in such courts.¢,
The reason why Zhou Ming came here today was not because he was sued by anyone, but because he made a public prosecution decision, which was the ruling on the sale of Walton.
Just yesterday afternoon, Zhou Ming received a summons from the court, explaining the situation and asking him to attend the verdict on time at 10:00 this morning. So early this morning, Zhou Ming called Ellen's lawyer over and asked him to attend the trial with him.
In fact, for Zhou Ming, it was not surprising that he would have such a verdict, because his selling behavior was indeed very similar to speculation. What made Zhou Ming feel strange was that this verdict came too late, as if he was a little late. Could it be that Old Brooke was busy with something, so he was only one day late to get the news?
Zhou Ming thought so in his heart.
"Mr. Zhou Ming is right? The court found that your Wharton Insurance Company had a large-scale stock and bond sale on May 26. The court believed that this move might be speculative, so the court ruled that Wharton would immediately stop selling and accept an investigation by the Financial Management Committee. Further judgments will continue after the investigation results come out."
The judge said and handed over a document to Zhou Ming: "This is the court's judgment. If you are not satisfied with this judgment, you can appeal to the superior court afterwards, but do not accept any objection. Please sign it."
Zhou Ming took the verdict and handed it to his lawyer Alan. Alan quickly read it and returned the verdict to Zhou Ming and nodded to him. Only then did Zhou Ming sign the verdict.
The judge took back the verdict, stamped the seal on it, and gave Zhou Ming a copy. He glanced at his watch and said, "It's 10:10, and the verdict will take effect at 11:30. The court will give you an hour to stop all the company's selling activities."
Zhou Ming stood up and thanked him, then left the court, and returned to the dormitory a quarter of an hour later. After all, the sale continued before the verdict took effect, and the dormitory had more computers than the company, so the students in the financial class were more accustomed to working in the dormitory.
When they opened the dormitory door, all the students in the finance class looked at the door subconsciously. They all knew that Zhou Ming was going to the court and they were waiting for the answers brought back by Zhou Ming.
Zhou Ming raised the verdict and said: "The court's judgment is that we must immediately stop all selling activities, but the verdict will take effect at 11:30. That is to say, from now on, you still have an hour, and no matter what the result is, all selling activities must be stopped. Have you heard me clearly?"
As Zhou Ming said, cheers suddenly rang in the dormitory. Li Yang smiled and said to Zhou Ming: "Teacher, there is still an hour left, enough for us to complete the task!"
Zhou Ming also smiled, and he said to Li Yang: "I'm talking lightly. I'm talking about it. Although the next time is urgent, you are not allowed to lower the requirements. Do you know that you must complete the task on the basis of ensuring the loss rate? You will not allow any more activities in an hour. For this reason, I will personally control all accounts and funds. If you, Li Yang, don't blame me for letting you be the convenience store owner for a lifetime."
Zhou Ming's words made Li Yang jump up all of a sudden. It was obvious that Li Yang had ambitions. His ambition was in the capital market and he did not want to be a convenience store owner for his whole life.
Seeing that the students in the finance class were busy, Zhou Ming then breathed a sigh of relief and sat on the sofa. Zhou Ming just said that he was not to scare them, but to do so, because he was in the United States, a country where law was paramount. Although the court's judgment was a thin piece of paper, every word on it was heavier than Mount Tai.
For a judgment, you can appeal to the superior court, but before the new judgment comes, you must execute the judgment. If you refuse to enforce it, it is a contempt of court, which is a very serious crime in the United States.
You know, someone was sentenced to half a year in prison for contempt of court when he was yawning while listening to the verdict. It would obviously be even more serious if his refusal to execute it, not to mention that there was an old Brooke who was fueling the fire, so it would be better to be honest. The most important thing is, didn’t the court give it an hour to prepare? As Li Yang said, this time is enough.
Allen also sat down on the sofa. He first gave Zhou Ming a thumbs up and expressed his appreciation for Zhou Ming's leadership skills. Then he said: "Mr. Zhou Ming, please be honest. In order to avoid possible accidents, it is better to end the sale at 11:20 or 25. After all, if it is exactly 11:30, it is easy to cause unforeseeable consequences. Now that the court's judgment has been formed, it is better not to cause trouble."
Zhou Ming nodded: "Don't worry, lawyer Alan, I will control the time."
However, in fact, it took only 20 minutes to complete the selling task. After 40 minutes, everyone completed the selling task. Zhou Ming stopped the operation of his account and assets. An hour later, after Ye Ning and several classmates quickly calculated, the result was that the selling loss rate today was 10:06 percentage points.
Hearing this result, Allen expressed a little surprise. Although Allen was not a finance person, he also understood that the losses of this temporary selling were very high; however, the students in the financial class were a little discouraged because their original goal was to be below ten percentage points.
Looking at the angry expressions of the classmates, Zhou Ming smiled: "How is it? You are all very awesome. Now you know that doing things is not as simple as talking, right?"
All the students lowered their heads, but Zhou Ming said at this time: "But in general, your grades are still worthy of recognition. They cashed out $60 million in two days, and the loss rate remained at 10 percentage points. Compared with other financial and non-financial institutions, these are all amazing results. For this as a reward, I will tell you my next plans."
Zhou Ming's words immediately attracted the attention of all the students in the finance class. Everyone looked up and stared at Zhou Ming with wide eyes because this was exactly what they had been looking forward to.
However, Zhou Ming did not directly announce the answer, but asked them first: "Ask you a question, does anyone know about the Bay? Has anyone paid attention to the situation there?"
Regarding this question, Chen Shuye Ning and Huang Ping raised their hands first, and finally Chen Shu and Huang Ping both signaled that Ye Ning would say first, and Ye Ning answered unswervingly: "Teacher, I know that the Gulf is the Persian Gulf in the Middle East and is currently the most important oil production in the world. The situation there is that Iraq and Kuwait have great differences in oil production and border issues, and are negotiating under the mediation of the international community."
Zhou Ming nodded and said, "It seems that you have really understood it. The situation there is indeed like this. So do you know what investment opportunities there are now?"
Ye Ning shook his head confusedly, Zhou Ming turned his gaze to Chen Shu, and he replied: "Teacher, I think the most important investment in the Bay Area is oil. We can invest in oil futures in the international market. However, according to the current situation in the Gulf, unless a war breaks out, I don't think the price of crude oil futures in the international market will change significantly."
"Then you don't think there will be a war there, right?" Zhou Ming asked.
Chen Shu nodded and said, "Yes, after all, Iraq has just ended the eight-year Iraq War, owing a lot of foreign debts, and the international community is actively mediating. Iraq is facing great pressure, so I don't think a war will break out."
As soon as Chen Shu finished speaking, Ye Ning asked, "But teacher, will a war break out?"
"Yes, I think Iraq will definitely fight this war, and it is very likely that it will be from the end of July to the beginning of August." Zhou Ming said very confidently, "Of course, I will make this judgment not because I am the roundworm in Saddam's belly, but based on my judgment on the situation."
"The political textbook of domestic junior high schools said that war is the best way to transfer domestic conflicts. A large amount of foreign debt, domestic sects and nations. Contradictions and Saddam's dictatorship have made Iraq full of conflicts. To resolve all this, a war is needed. Now that Kuwait is adding fuel to the fire at this time, it is very likely to cause fire."
Zhou Ming then said to everyone: "No matter whether there will be war in the end or not, the Middle East is a powder keg, and oil is also the most important strategic resource in the world. Then your next task is to pay attention to the situation in the Middle East at any time. I will assign each of you a futures account. You can try to buy international crude oil futures first, understand the intermediate operation process, and wait for the war to break out and the big changes in international crude oil futures prices."
All the students in the financial class applauded happily, and then Zhou Ming let them move freely. Only Ye Ning found Zhou Ming and said to him: "Teacher, go find Teacher Jira. I believe she must have important news about the situation in the Gulf."
Zhou Ming was stunned for a moment. He knew that Ye Ning must have made a very determined decision to say this to him, because Ye Ning has always regarded Jerra as his rival in love. Now he wants to let the person he likes the most to find his rival in love. This is the most painful choice for a woman.
Zhou Ming thought about this and then held Ye Ning's hand and said to her: "Thank you very much, I've made you wronged."
With Zhou Ming's words, Ye Ning's tears immediately flowed out of his eyes. It was because it was in the dormitory hall and there were so many students watching it, Ye Ning did not immediately pounce on Zhou Ming's arms and burst into tears.
After comforting Ye Ning, Zhou Ming returned to the room and dialed out Zyra's number. This was respect for Ye Ning. Although Ye Ning agreed on his lips, wasn't this stupid call in front of her? Zhou Ming didn't even have this IQ.
After a few busy tones, the phone was answered. Zhou Ming did not talk nonsense and went straight to the topic: "Hello, Teacher Jiela, it's me, Zhou Ming. I want to know the news about Tangren Bank and the Bay. Can you tell me now?"
"Zhou Ming, you finally called me. I have been waiting for you for a long time." Zyra said, her tone sounded a little choked, and then she said, "But it's not good to say on the phone. I think you should come to me for a trip. There is someone who wants to see you too."
After saying that, Zyra seemed to be afraid that Zhou Ming would misunderstand and added: "I think this person should be your old friend Zhou Ming."
Chapter completed!