Chapter 681 - No Way Out (1/2)

The released article of SHM was still making a huge fuss on the internet. And when the Guan Empire released their statement, instead of calming down the doubts of the public, it caused people to speculate more.

Many individuals expressed their thoughts that the Guan Empire's statement was lacking. Their explanation was not sufficient enough.

This matter refused to die down and caused the Guan Empire's market worth to plummet. Univ One's investors were the most affected. The investors had insight and advanced information that was not out in the public yet. They knew that there would be more attacks on the Guan Empire and the chairman himself based on the trend and clues of the recent events. The identity fraud and the capital investment scandals clearly had many dubious elements.

It was obvious that Univ One was fast becoming a sinking ship, especially now that a scandal involving illegal underground trade came up. Many investors were afraid to become accidentally involved and immediately pulled out their investments and shares before the stock price fell down completely.

This constant upheaval made Gunan busy in his newly acquired chairman's office.

On the next day, the chairman's office was crowded.

The board of directors ran with their butts on fire to the presidential floor. They had previously received orders from the chairman and the Guan family head that the leaders would handle the matter while the board and shareholders must quietly stay put. However, they finally snapped when they saw the stock price of the Guan Empire fall down along with Univ One in the stock exchange market and had no signs of stopping.

”Chairman! It has been days since the company stock price continues to fall! If this goes on, it will take us a year to raise it up again!”

”Chairman, this situation is very severe. We have encountered the same situations before, but it never fell down under the red line! This is way worse than the struggles we encountered more than a decade ago!”

The elders used their experiences to intimidate Gunan.

As they had said, the Guan Empire had previously received attacks and setbacks from another strong rival company in the past.

It was normal to face some setbacks in the industry. However, they always managed to come back on top. The worst damage they received from this kind of setback was more than a decade ago when the company fell down the red line.

A 'red line' was a bottom line they set indicating a massive damage that would compel the Guan Empire around a year or more to recover from the loss.

However, the recent series of attacks did a lot of damage on the Guan Empire. The company stock price fell fast way beyond the red line!

And the cause of this was Univ One and the rumors regarding the new chairman.

The elders continued to nag. ”Chairman, you have to take action. In this case, we have to liquidate Univ One and at least save some resources before it becomes worthless. It is better to suffer a smaller loss now than to have a bigger loss later.”

Guan's eyes flickered. He looked up from the doc.u.ments and shot a murderous look at the elder who had spoken.

”Liquidate? If we shut down Univ One, it is the same as telling the public that the rumors are true!”

The elders were not intimidated one bit. ”Then are you saying it's all lies? If it is, why don't you release the details and capital investment plan doc.u.ments of Univ One? If you release that instead of the Guan Empire's statement, the public will not doubt us.”