A week later, Ou Yunchen personally visited the GameStop company.
Elizabeth: "Mr. Ou, I am very grateful that you are here to fund us at this time."
"But unfortunately, our company has been operating at a loss for years. Even though our stock price has risen recently, it cannot help us continue to operate. I can tell you frankly, we are already planning to file for bankruptcy."
Ou Yunchen was a little shocked. To be honest, his understanding of GameStop was limited to its stock market performance.
What he cared about was using GameStop and short sellers in this battle to complete his first hunt, thereby delivering a heavy blow to Axe in America!
Ou Yunchen: "I can provide you with sufficient funds to maintain operations."
Elizabeth: "Oh, no, if it's the recent stock market events that made you interested in a company like ours, then it's really not necessary!"
"I could take your money with a clear conscience and run far away, but that would harm you. Just look at our current sales performance."
As she spoke, the chairman of GameStop showed Ou Yunchen the sales reports from recent years.
The numbers were plummeting. Even worse, this GameStop not only sold software but also hardware and so-called collectibles.
These business ventures were almost all losing money, let alone the enormous operating expenses offline.
However, these were all within Ou Yunchen's expectations. He had confidence in this company!
Just like those retail investors who were injected with adrenaline, setting aside the capitalistic nature of ATL, he now seemed more like a warrior!
The outcome of this battle was not about who made money, but about making short-selling institutions like Darwin understand that retail investors could also force short sellers to cover their positions, and that Ou Yunchen, as a peer, could also share in the spoils of financial giants!
Ou Yunchen had his secretary hand over the meticulously planned project proposal and letter of intent to Elizabeth. After reading for tens of minutes, she finally understood why Ou Yunchen was so insistent on investing in GameStop.
Elizabeth: "You want to take over the management?"
Ou Yunchen: "Yes. Pushing up GameStop's stock price in the market is like a bubble; it will eventually fall back to the bottom. But if the fundamental business strategy of GameStop can be changed, that is the true way to save you."
Elizabeth: "Thank you. I refused you because I thought you, like other investors, would only be interested in acquiring shares and waiting for the stock market to surge for a substantial dividend."
Elizabeth mentioned that she had received inquiries from many people about investing in recent days, but none of them truly considered the old company. When people are too eager for quick gains, it scares away truly dedicated operators.
Elizabeth: "Your suggestions are exactly what I need. If you are truly willing to help us, I warmly welcome your participation!"
Ou Yunchen finally felt relieved. Elizabeth's concession meant that Ou Yunchen's plan was half-successful.
Once he joined the management team, he could announce the news of GameStop's restructuring to the public.
This way, even the retail investors who were on the sidelines would have expectations for the company!
This would attract more retail investors to buy in, and even stabilize the nearly wavering hearts of those who had already purchased!
As long as they were willing to hold on, they would not give short sellers an opportunity to buy at a low price. If they wanted to buy, they could only buy at a high price, so when the price fell, they would suffer a heavy loss!
Ou Yunchen: "However, I have one condition, which I hope you will agree to."
Elizabeth: "What is it?"
Ou Yunchen: "I cannot invest through ATL. I will invest in my personal capacity."
Elizabeth: "That's no problem. What's important is the management of GameStop."
Ou Yunchen: "Also, if anyone asks you about my information, please notify me immediately."
Elizabeth: "This..."
Elizabeth was a little worried.
Ou Yunchen: "Please don't misunderstand. I have changed my name and moved cities, so I have lost touch with old friends."
Elizabeth: "So that's how it is. Then I am relieved. I thought you were some kind of fraudster."
Ou Yunchen and his secretary exchanged glances. The secretary quickly operated on the computer. In less than a minute, one million dollars appeared in GameStop's account.
Ou Yunchen: "The first installment of investment has arrived."
Elizabeth: "But I haven't officially signed a contract with you yet."
Ou Yunchen: "This shows my sincerity. I hope we can cooperate happily in the future."
Elizabeth and the other members present at the meeting were all shocked. It seemed they had underestimated this investor from abroad.
But it was also good this way. Now that Ou Yunchen had become the largest shareholder of GameStop, as long as the stock price rose, his net worth would also increase. In the end, he would be the biggest beneficiary!