My autobiography is definitely not a tragedy!
Chapter 503 - 331

Chapter 503: 331

"It’s over..."

Mr. Bao let out the same lament as Hu Yifei, who had just fallen into this trap not long ago...

He had just flown back to Su City from Anxi City when he suddenly heard the terrible news!

It had completely blindsided him.

"It can’t be as serious as you guys say, it’s just a piece of policy news, it hasn’t even been widely reported in the news."

His girlfriend, Big Waves, clearly didn’t understand the severity of the situation.

"You don’t understand, information for the common man is always delayed, often by the time the policy’s impact really breaks out, the underlying capital has long since fled," Hu Yifei said with a wry smile.

Even though he was a newcomer to the game and didn’t have a high industry sensitivity towards the new energy sector, his status as a second-generation rich meant he had a wide network of contacts and channels for information, and he had been warned early on...

The national policy provided very little buffer time for implementation, its effects swiftly reaching the end-users, and it was rumored that dealers had begun to slash orders en masse.

Real-time sales over the past few days had fallen so severely compared to before that they had been practically halved, casting worrisome prospects for future market trends.

Their Series B funding round hadn’t even finished, and the original plan to go public was now dead in the water...

The worst part was that a number of investors who saw the writing on the wall were now refusing to continue investing.

Idol had been burning cash to expand production capacity, aiming to quickly seize the market share, and it had only just turned from loss to profit last year, with virtually no ability to generate funds internally.

Given the current level of debt relative to assets, unless a new source of funds was found, it was unlikely they’d last more than a year before the capital chain broke...

The problem was that, at times like this, capital is fleeing, not flowing in—who would foolishly come in to throw good money after bad?

"Ah? If it’s as bad as you say, then we need to withdraw our investment quickly!" Big Waves said urgently.

"The contracts are signed, the money’s already in their pockets, it’s too late..." Hu Yifei said with a distressed expression.

He had tried to contact Mr. Bao, but the latter was currently busy trying to pacify the major shareholders and had no time to spare for a minor one like him.

Mr. Bao now wouldn’t even dare to answer his calls. Calling the office was no good either; the secretary would just give evasive responses, and a meeting was indefinitely postponed.

This time he had really stepped on a landmine...

"What do we do now?"

Hu Yifei was frowning deeply, truly at a loss for ideas.

He had been promised good times enjoying industry profits, shearing the wool without a care, but now, with a sudden shift in the winds, shearing was no longer an option...

Any hope for a return on the investment was now out the window; even getting the principal investment back, and how much of it, was uncertain.

Keep in mind that his own IT company was still in the midst of burning cash. Without solving the funding issue, this could very well trigger a chain reaction, potentially bringing down his Cretaceous Company...

As the legal person of the company, he was already saddled with a significant bank loan; one misstep and not only could the company go bankrupt, but he could also end up on the blacklist...

Playing with leverage comes with high rewards and, naturally, high risks!

Right now, it seemed there was only one solution, and that was to find new funds from outside.

Only with "Living Water" could he revitalize this dead chessboard...

But the problem was, no one knows your business better than you do.

Aside from having strong PR and good government relations, his Cretaceous Company was just scraping by on some tender projects, and compared to others in the market, it had no core competitive edge whatsoever.

Why should capital come to your aid for no reason at all?

Is it because your PPT is well-made, or your story well told?

After much thought, Hu Yifei couldn’t come up with any good strategies, and could only sit on the sofa sighing.

"I told you not to take risks and not to expand too quickly all at once, and now look where we are.

Meng Lang was right, Bao was indeed swimming naked; as soon as the tide went out, his true form was revealed.

If only you had listened to Sister Weiwei and invested in movies instead, maybe I could have even played a supporting role..." Big Waves complained.

She had completely lost faith in her boyfriend’s investment acumen.

Good for nothing but a champion at stepping on landmines...

Hu Yifei’s face flushed with embarrassment.

However, the speaker didn’t intend it, but the listener took it to heart.

Speaking of Meng Lang... that did strike a chord with him.

Without even seeing Bao’s PPT, after a few words, Meng Lang could see through Bao’s endgame... What kind of strategic vision was that?

No wonder he had made such an impression on two business moguls after just a few sentences.

He regretted not heeding the expert’s advice...

"What if I went now to ask for advice... since he saw so early on that this investment was no good, maybe he could offer me some advice?" Hu Yifei said hesitantly.

If two big shots could set aside their pride and seek guidance, why couldn’t he, a small fry, do the same?

"Seeking his advice? Who was it that told me he knew how to drive, knew martial arts, how could he possibly know how to invest?

And who was it that said there couldn’t possibly be such an all-rounded genius in this world?"

Big Waves rolled her eyes.

"That’s..." Hu Yifei could only offer a sheepish smile.

As sure as he had been when he said it, his face was now equally pained...

Until today, he never believed that there really could be such a person in this world.

But after today, he realized that his previous thoughts... were a bit too absolute...

...

"Where is the spring? Oh, where could it be?

In the green and verdant mountain villages, that’s where you’ll see.

Here there are red flowers, here there is green grass.

And there’s the little oriole that sings so well...

Hush~ Hush-hush~"

Yang Hui was just about to enter the kitchen to prepare breakfast when she heard a cheerful tune coming from inside.