Chen Gen: U.S. Securities Regulatory Commission supervisory supervision, Jia Yueting turned off

Text/Chen Gen

After Jia Yueting ran away from the United States, he continued to harvest the US capital market with his PPT.

Jia Yueting's car -building PPT is actually earlier than the rising draft in any of the current energy fields, but when Weilai, ideal, and Xiaopeng turned PPT into physical cars, Jia Yueting still took his PPT to take a picture with him to take pictures with him. The model car that has been promoted for many years tells stories. However, I have to admire his ability to harvest capital. Recently, after harvesting American investors in the US capital market, the US Securities Regulatory Commission could not sit still, and it was necessary to modify the relevant management rules.

The cause of this matter is that the United States has launched a listing model called Spac. In short, it is the current listing model. It is necessary to have a company. There is operating income. Then build a story based on your business model and growth income, and then find the investment bank that is willing to help collect money to tell the story together to tout, and you can go public.

However, the supervision of this listing model in the United States is relatively complete. That is to say, the stories told when listing, and some of the performance promised, if they are completely false and cause investors to suffer losses, they must bear responsibility. For example, the Ruixing coffee that everyone is familiar with, because I told a story, also gave the corresponding business data report. As a result, it was discovered that it was false and the stock price was short. Collective lawsuit requires compensation.

Therefore, when listed companies, when telling stories, they generally dare not use the PPT mode to blow, at least a bit reliable, and then the three most critical indicators of performance growth, operating income, and profitability are directly found directly to find directly to find. balance. There is really no way to pack a beautiful profitability, then simply expand the loss, and then make any items in the performance growth or operating income. Do.

The purpose is to prove that there is no malicious fraud. For example, the financial report of station B is the logic of this time, and the loss has increased, but it can be packaged that the user time has increased. On the one hand, it can prove that companies have no malicious deception, and on the other hand, they can find their own stories on the other hand.

However, in essence, the traditional listing model is to raise pigs first. Whether it is only a pig, whether it is fat or thin, it is not important. But there must be a pig, even if it is a little pig. Then depict this kind of pig, because of his unique technology and model, and then you can produce colorful pigs, golden pigs, silver pigs, etc. in the future. As for whether the pigs can be born in the future, what kind of pigs are born, and when it is born, these are important, but it is not very important for the listing stage. As long as related data and logic can prove that the unique pigs can be born in the future, Essence

However, there is a problem with this listing model, that is, to have a pig first, this model is too troublesome. In order to better develop the capital market in the United States, Wall Street people came up with a new model. Whether the pig can save the pig first and make a PPT PS pig. Then take the money first, and then tell you that after taking this money, you will find the pig in PS in the PPT.

Then this PS pig sales model on PPT without real pigs is the SPAC listing model. Another advantage of this model of listing is that there is no deception, because I told investors from the beginning that I just PS has always been pigs, and then I will use investors to find this pig. Come over and install. So as for how much the price I bought is, this is not something that investors can manage.

And Jia Yueting took the car PPT he brought out of China, just in line with this listing model. Therefore, Jia Yueting installed his PPT car into this SPAC model listed company. The stock price once rushed to $ 17.48, but after more than a year, investors found that the PPT and model cars that they said were good to turn into a good PPT and model cars. The real car is still PPT and model, so the stock price fell 2.45 US dollars. Investors found that they were deceived, but there was no way, because this listing model was said at the beginning, but it may be found that it may be the imaginary pig. Now I find it. It's wrong.

The US Securities Regulatory Commission found that this pig game was picked up by the emperor's new clothes by Jia Yueting, so there was a listing model of the US Securities Regulatory Commission to modify the SPAC PPT pigs.

Of course, no matter what the result, Jia Yueting's incident also told us at least the two very important information: 1. When the lies are always exposed, even if it is deceived from China to the United States, the lies of PPT cars will eventually be will be affected Unveiled; 2. Integrity is always the basic bottom line of business. Only the solid pig raising pigs, even if the breed of the pig is almost the same, at least there are pigs.

- END -