Chapter 61 Trapping Retail Investors
Chapter 61 Trapping Retail Investors
After leaving the birthday banquet, Lin Yuanshan did not return to the factory, but instead came to Xu Neng's place at the Shek Kip Mei branch.
Upon seeing Lin Yuanshan, who made no attempt to be a stranger and immediately occupied the sofa and coffee table, they were struck by his behavior.
Xu Neng's temples throbbed: "A Yuan, you've gone this far this time, are you confident you can handle the consequences?"
I heard that right now, the entire Tongzhou street is full of people trying to sell you plastic waste.
"Ending? Ending what?" Lin Yuanshan boiled water and brewed tea with smooth, effortless movements: "I didn't break my promise."
I made it very clear that I would pay for the materials once I finished clearing the inventory.
It was their own greed; they all wanted to get ahead of everyone else and sell me the materials at a high price.
Did I force them to stockpile materials? No, I didn't, did I?"
"That being said, we're not fools."
"You've just entered the industry and you're already digging a hole for everyone to fall into. Be careful, or they might band together to boycott you." Xu Neng shook his head. As an older generation businessman, he didn't approve of Lin Yuanshan's way of doing business.
Lin Yuanshan picked up a cup of tea and took a small sip: "In this industry, large-scale factories won't go to Tongzhou Street to join the fun."
Because for a factory of this scale that you, Uncle Xu, are now managing, most of the waste produced daily is handled by regular recyclers or manufacturers who come to your door to process it.
This time I quoted a high price, and at most they'll just store the scrap and not sell it to the same people as before.
Therefore, the people waiting for me to show up on Tongzhou Street are all low-level nobodys.
"I, Lin Yuanshan, can't possibly eat the big fish, but I can't just let the small fish and shrimp that I've attracted by bait go to waste, can I?"
"Sigh, I can't persuade you." Xu Neng stopped trying to persuade you after hearing this: "Anyway, you should take care of yourself."
In the blink of an eye, three days have passed.
The plastics industry colleagues on Tongzhou Street were getting anxious as Lin Yuanshan failed to appear.
The weight ranges from a few hundred kilograms to nearly ten tons.
Seeing that there was a profit to be made, the group managed to collect a batch of plastic waste through their respective channels a few days ago.
Now, looking at Yuanshan Plastics, the machines are running day and night, and the workers are working in two shifts. Baskets of finished plastic flowers are being assembled like an assembly line, but no one is coming forward to collect the materials.
Some people who didn't have much scrap material left decided to give up.
They planned to transfer their goods to other competitors nearby.
After all, plastic waste takes up space and is prone to getting damp and moldy.
If it's just waste material from pure rubber flowers, it's fine because it's small in size and doesn't take up much space.
Unfortunately, Lin Yuanshan was a bad guy; he had announced that he would even accept miscellaneous materials.
In the past few days, this group of people have practically scavenged every scrap of plastic products in Hong Kong.
This has led to a surge in daily warehouse costs for small businesses.
Small businesses have limited capital and can't acquire much stock to begin with. If the transaction is delayed for a few more days, the difference between a few hundred kilograms or a ton of material won't even cover the warehouse rent!
Li Rong, a disabled person, is now protected by kind-hearted citizens, and no one dares to surround him now.
Therefore, the three people who are suffering the most right now are Wang Cai, Lin Qiang, and Chen Bing.
Wang Cai, from Caiji Plastics, with a dark face, shouted at the seven or eight colleagues in front of him: "Gentlemen, are you sure you've got the wrong person?"
Lin Yuanshan has declared he'll buy scrap at a high price; you should go find him.
What's the meaning of all this early in the morning, blocking my shop door?
The goatee-bearded old man who had been threatened by Shen Da Hui earlier was probably the leader chosen by the group. He rubbed his palms together and said with a smile, "Boss Wang, we don't mean anything by it, we just want to do some business with you."
"Doing business? Judging from your posture, it seems more like you've come looking for trouble." Wang Cai spat, turned around, sat down, picked up his water glass, and took a sip: "Let's make this clear first, we can discuss the purchase of raw materials, but as for waste materials, I won't be accepting them for the time being."
The old man with the goatee exclaimed, stood up, and stepped forward: "Boss Wang, please don't do this."
The three of you are guarantors for Boss Lin.
Mr. Lin is currently unavailable, so we are prepared to resell the scrap materials we have to you.
We don't want you to work for nothing. Lin Yuanshan quoted 65 yuan for the scrap, but we'll sell it to you for 50 yuan. You can resell it and make a net profit of 15 yuan per ton..."
Before Goatee could finish speaking, Wang Cai slammed his water glass down: "I'll protect my ass! I'll protect people my ass!"
How did I become Lin Yuanshan's guarantor?
"Sigh, I've only met him three times in total, and we've barely exchanged ten words. How did I become his guarantor?"
"It's all over the place."
"Yes, yes, the first to do business with Boss Lin were the three of you."
"If it weren't for you guys, how would the deal involving 20 tons of waste rubber plant material from Hesheng have been exposed?"
……
The others crowded around, each offering their own criticism, leaving Wang Cai speechless.
The same scene was also happening with Lin Qiang and Chen Bing.
No matter how the three argued, he claimed that he had only made a deal with Lin Yuanshan and had not acted as guarantor.
But at this point, who would listen to their explanations?
Look, this plastic waste business is about to collapse. We finally found three unlucky guys with "reasons" to take over. Who would let them go?
As for Heshun?
They were once a leader in the plastics industry.
Even a starved camel is bigger than a horse; how dare these small fry go and provoke them?
finally.
Unable to withstand the onslaught from so many competitors, Wang Cai and his two companions sold everything they owned to acquire a batch of scrap at a price of 35 yuan per ton.
That evening, in Kowloon Walled City, Room 402, 37 Hau Street, Lung Chun Road.
Lin Yuanshan learned from Shen Dahui about the events that had occurred on the streets of Tongzhou in the past few days.
"35 yuan? That price is still a bit high." Lin Yuanshan handed Shen Dahui a cigarette, his brows furrowing slightly.
Shen Da Hui took it with both hands, put it in his mouth and lit it: "Mr. Lin, Brother Wei is asking if you would like to arrange for a few clever brothers to stir up trouble again."
Lin Yuanshan shook his head decisively: "No! It's inciting people and spreading rumors."
This tactic only needs to be used once for one purpose. If you use it a second time, people will connect it to past events and become suspicious.
"Understood!" Shen Dahui nodded vigorously, then suddenly had a brilliant idea: "How about I choose a few brothers to tie up those three guys and use them to blackmail them into continuing to drive down the price of the goods?"
"Hey, hey, hey, I'm in business, not a bandit!" Lin Yuanshan glared at Shen Dahui. "Get rid of that bandit attitude right now, and don't you dare do anything reckless!"
Shen Da Hui gave an awkward laugh and didn't dare to continue the conversation.
Lin Yuanshan knew that Shen Dahui was used to being wild and unruly, and was not suitable for having in-depth business conversations with him.
Therefore, Lin Yuanshan turned to the dock and instructed: "Three days ago, I met Brother Luo at Fatty Kun's birthday banquet and mentioned to him that you should plant your flag at the dock."
This morning, Uncle Xu told me.
Yesterday afternoon, Zhao Deshun, a detective in Sham Shui Po, contacted him to inquire about me.
I estimate that the miscellaneous service department in Sham Shui Po will respond in the next couple of days.
Go back and tell Ah Wai that if things go well, he must host a banquet for the plainclothes officers and uniformed officers of the Sham Shui Po Police Station.
Whenever someone from the other party comes, give each person a red envelope as a token of appreciation.
As for me, I won't show up that day. I'll invite Detective Lei out for tea myself after some time."
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