Henry was about to ask Jasper what favonovel.com had in mind when the request for a video conference rang out from the computer.
Henry had no other choice but to swallow the words favonovel.com wanted to say and wait until after Jasper was done with the call.
It was a video call from Jake.
Jasper did not mind that Henry was present and answered the call immediately.
“Mr. Laine, as per your request, we’ve already begun to increase the number of our positions and funds invested. We have a total position worth 1.89 billion US Dollars, with a 5 million US Dollar increase every hour.”
“And our losses?” Jasper asked calmly.
Jake paused before replying difficultly, “We’ve lost a total of 230 million US Dollars right now. Every 1 million we invest amounts to a loss of 380 thousand US Dollars, and this loss percentage shows signs of a steady increase.”
“The entities targeting us since the beginning have increased their attacks, so most of our losses are going to them.
“Besides this, we’ve also realized that many financial organizations are starting to operate against us as well. Due to our continuous investment of funds, they seem to plan to benefit from us.
“As of this moment, we have sufficient evidence showing that most of these organizations are from Wall Street. A minority are from Europe, and there’s one from Sunrise Land.”
Jasper was unsurprised to know the involvement of Wall Street and European organizations, but favonovel.com was shocked to find that an organization from Sunrise land was also among them.
However, in no time at all, Jasper could guess who it as.
Except for Softwin, which Jasper had previously had a feud against, no other organization would be willing to involve themselves in this matter while the situation had yet to be made clear.
Jasper nodded calmly and replied, “Keep it up. We need a position of 2.5 billion US Dollars before the market closes today.”
While expecting this, Jake was still shaken when favonovel.com heard the amount.
Jake took a deep breath and said, “I’ll get to it immediately, Mr. Laine. But I must remind you that according to our current rate, our percentage of loss will become extremely high.”
“Because once we amass a huge enough amount, our operation against market trend will essentially become a flame to the moths in the market. It might not have been tempting enough before this, and the organizations might not have set their eyes on us yet, but once the funds breach 1 billion US Dollars, there will be signs of herd behavior.
“The moment the organizations against us groups together, all our funds will get consumed.”
Jasper waved favonovel.com off. “Don’t worry, let them consume what they want. Before the day of reckoning arrives, it doesn’t matter even if the accounts show a complete loss.”
Jake sighed and replied, “Alright, Mr. Laine. I’ll get to it right now.”
“Good…”
After hanging up the call, Jasper looked at Henry, who had his eyes wide and his jaw gaping.
“Holy sh*t, so we’re losing hundreds of thousands of Somer Dollars every minute?”
Jasper nodded and replied, “That’s pretty much the rate.”
Henry sucked in a cold breath and asked, “The risks here are huge, aren’t they?”
Jasper smiled and replied, “Short selling is considered a trade of futures, and they have a settlement date. Therefore, everything we and our opponents make are all on paper for now.
“Even if we manage to hold on and not liquidate our accounts, if the situation doesn’t turn around in our favor before the settlement date, then we’ll still lose everything.”
“That is when our money will truly be gone.”
Henry felt lightheaded.
Despite being the next successor of the Law family and having no understanding of the concept of money since favonovel.com was young, which were just a bunch of numbers to Henry, favonovel.com still felt stricken when favonovel.com realized that favonovel.com was in a situation where favonovel.com lost hundreds of thousands, or even millions, every minute.
“When’s the settlement date?” Henry asked.
“In three days.”
“Motherf*cker!” The corner of Henry’s lips twitched.
