#实话实说#
In 2017, Jia Yueting, then president of LeTV, left a sentence of "return to China next week", and went to the United States openly.
With a wave of his sleeves, he not only took away 5 billion, but also left a group of stunned "leeks".
Boss Jia, who has excellent psychological quality, is so high-profile that he doesn't look like a person who owes money, and continues to do his dream of building cars in the United States.
Faraday Future (FF) was once seen as Jia Yueting's hope for a turnaround, but the Nasdaq didn't seem to give much face.
Recently, FF received a delisting warning for the second time because its stock price was below $1 per share for 30 consecutive trading days, and the current market value of FF is only $25.5 million.
However, this is probably not a big deal for Boss Jia, because FF helped him carry a debt of about 20 billion yuan back then, and has completed his historical mission.
And now there are rumors that Boss Jia seems to be going to play the golden cicada again and go to Dubai.
I have to say that Jia Yueting, who was born in accounting, has really high means to pit people!
The "LeTV Universe" that burst the bubble
Readers who have been "surfing" the Internet for many years must remember the once prosperous LeTV.
At first, LeTV was just a simple video website, but the founder Jia Yueting wanted to build it into a complete ecological chain.
How complete is it? Just saying it is unbelievable to you right now.
LeTV's business covers Internet video, film and television production and distribution, smart terminals, large-screen application markets, and e-commerce.
Any one of them can be used to create a "unicorn enterprise".
But Boss Jia said that only children make choices, and I want all adults.
However, doing business is not just a matter of thinking, and there will be a lot of friction in the actual operation process.
LeTV's stall was too big at that time, and I didn't understand any of them, so I couldn't wait to open up the next one.
As a result, the speed of profitability simply cannot keep up with the speed of debt repayment, and LeEco has a substantial debt default.
It wasn't until Jia Yueting left the United States with a huge amount of money that many people who invested and lent him money woke up like a dream.
This also includes Sun Hongbin, a real estate tycoon who invested 14 billion to take over LeTV, and I heard that he cried later.
Boss Jia did trap a lot of people this time, but after he ran away to the United States, he couldn't hide from domestic debts and foreign debts, what should I do?
Don't worry, Boss Jia doesn't pick nationality, he has the means.
摆脱200亿债务，掏空FF
First of all, I have to admit that Jia Yueting's business intuition is keen, and the tracks he chooses are all bright.
If LeTV could go down the road of film and television production back then, maybe it would become China's Netflix.
If his FF car can be successfully mass-produced and delivered, maybe he can compete with "Wei Xiaoli" now.
But everything is just "if", some people do business with their sense of smell, and some people cut leeks with their sense of smell.
After Boss Jia arrived in the United States, how to deal with foreign debts?
He first set up a trust, put all the shares of FF into it, and then began to play his specialty to fool those bondholders:
You see, FF is the future, it's worth 200 billion is not too much, right? If you force me to sell it cheaply, everyone will lose a lot, so let's do a debt-to-equity swap, and the 20 billion we owe you will be offset with FF shares, and when the stock price rises in the future, you will not only not lose money, but also make a lot of money!
In this way, Boss Jia relied on FF to get rid of about 20 billion yuan of debt, and as the founder of FF, he himself did not leave any shares and became a pure worker.
Since you are a part-time worker, it doesn't matter what the company has become, the important thing is that you can make money from the company.
As a result, the company's assets slowly become someone else's.
For example, the most valuable thing about FF is the piece of land occupied by the factory, but it was sold to others at a low price, and what is even more amazing is that the sale of land does not affect the construction of the car, and after the sale, it is rented back and then the car is built, but FF has to pay rent to the "landlord" every month.
As for the relationship between the "landlord" and Boss Jia, we have no evidence.
At the same time, Jia Yueting shouted "the car is coming" again and again, but the delivery of FF was missed again and again.
In the third quarter of 2023, FF delivered only seven vehicles.
Yes, you read that right, 7 cars.
After the "wolf" again and again, it was the Americans who lost confidence in Boss Jia, and FF's stock price fell from a maximum of $1,600 to $0.2 today.
So there is the scene at the beginning of the story, unless FF Auto raises its stock price to $1 per share by June 25, 2024 and lasts for more than 10 days, it will be forced to delist.
Dubai is the next place to stay?
FF's drama seems to be unable to sing, but Jia Yueting deserves to be Jia Yueting, and he seems to have caught the big fish in Dubai again.
Some time ago, Boss Jia said that he received an invitation from the United Arab Emirates to global high-tech enterprises, and as a high-tech representative, he went to Dubai for a walk.
Boss Jia also claimed that the Middle Eastern tycoons had booked "hundreds" of cars, and they had to invest some dollars in FF, and so on.
But the local tyrants have a lot of money, but they are not stupid, according to the speed of FF mass production, are they ready to let the local tyrants wait for more than ten years before picking up the car?
As a result, there are rumors in the market that Boss Jia's purpose of going to Dubai is not pure, and it is very likely that he is preparing to "run" out of the United States.
After all, Dubai is the preferred destination for the wealthy in the United States, and it is rumored that nearly half of the more than 1 million Americans living there will like to carry "silver bracelets" when they enter the United States.
We don't know what Jia Yueting will do next. But one thing to say, his creditors are really miserable.
There is nothing more cruel in the world than giving hope to others and shattering it with your own hands.
I thought that the money I lent to Jia Yueting was in vain, but it turned out to tell you that it was "debt-to-equity", and the stock seemed to be rising.
When you rekindle your enthusiasm, as a result, the stock price of FF Motors fell again and again, and Boss Jia also made a riotous operation of 80 shares for 1 share.
Eventually, your money is gone, as if it never belonged to you.
You can talk about cheating money, cheating money, how can you still play psychological torture? It's even more ruthless than coming from northern Myanmar.
Write at the end:
It is said that it is dangerous to do financial work, and if you don't do it well, you have to take the blame for the boss.
After writing Jia Yueting's story, I just want to say that it is the most dangerous for an accountant to be his own boss.