A company has committed financial fraud for 8 consecutive years, and its stock price has reached 0There is a company on the 57 yuan a** market, which has been financially fraudulent for 8 consecutive years, and its listing time is only 8 years. What's even more suffocating is that the company's share price has gone from an absolute high of $85 all the way to $057 yuan, almost close to zero. In the past 5 months, there have even been 52 intermittent dips. Recently, there have been 11 consecutive down limits, and the transaction amount was only 2120,000 yuan. In the face of the situation of continuous falling limit, infinite falling limit, and continuous falling limit, who would be willing to take over?However, even at the lower limit, it is still more than 1200,000,000 shares for sale. What's even more intriguing is that the company's major shareholder actually went to sea in person and used 92 ** accounts to manipulate the stock price, but finally lost 1234960,000 yuan. Such an actual controller, who has the absolute right to know and the right to disclose information, is still losing money in person.
What kind of business environment is such an a** field?The company, ST Bolon Bollon, is facing the fate of being delisted. Their total share capital and outstanding share capital are both 53.8 billion shares, the main business includes clothing design, fabric development and talent training. Judging from the main financial indicators, the company has experienced a phased, sustained and substantial decline in the past four years. For example, the profit in 2019 was 12.2 billion yuan, a decrease of 28%;In 2020, there was a loss for the first time, with a loss of 31.6 billion yuan, a year-on-year decrease of 3581%；The loss in 2021 amounted to 15500 million yuan, down 389% year-on-year;The loss in 2022 was 81.8 billion yuan, still with a loss of 3393 in the first three quarters of 2023580,000 yuan.
In addition, the total operating income of enterprises has also declined continuously, falling by 8 in 20194%, down 79% in 2021, down 23% in 2022, and only 60.2 million yuan in the first three quarters of 2023. Other financial indicators have also generally shown a decline and negative value, such as net assets per share from 3$19 dropped to a loss of $1 in 202221 yuan;The asset-liability ratio of enterprises has increased from 37 in 202078% rose to 225 in 20226%。It is unbelievable that such a company has raised two consecutive financings after going public, with a total financing of 159.9 billion yuan. What is particularly unbelievable is that in the case of continuous falsification of corporate financial indicators, it has once again issued additional financing, and the **issuance** is as high as 3220 yuan, raising up to 988.5 billion yuan.
In the A** market, investors can't help but ask: where is the regulation?Where is the intermediary?What is the need to protect the interests of investors?Constantly cashing out from the a** field while committing financial fraud has reached the point where it is impossible to increase. What's even more bizarre is that the stock price in the secondary market continues to be **, from 85 yuan** to 057 yuan, even close to zero. How much money did this company take out of the market after it went public?Direct financing up to 159.9 billion yuan, and what is the investment loss in the secondary market?The company's market value once exceeded 18 billion yuan, which was supported by secondary market investors with money. However, it is heart-wrenching that no compensation has been paid after the delisting. Delisting without compensation is simply playing hooliganism. How should we view this situation?
Epilogue The article describes the continuous financial fraud of ST Bolong Company in the A** field, and the stock price ** has almost reached zero. The company continued to lose money, and its financial indicators declined across the board, but it repeatedly cashed out financing, resulting in heavy losses for investors. There are deficiencies in the protection of the interests of regulators, intermediaries and investors, and the market is full of chaos. How should we view this situation?Looking forward to your comments.