I opened my eyes, I had never seen such a low-priced A-share stock, and the gray pigeon almost thought that it was a Hong Kong stock.
1 share 1 cent, only 10 yuan to buy a hand, only 1000 yuan to buy 10,000 shares, some shareholders said that they bought tens of thousands of shares, and finally "Hao" a handful.
It's a pity that it can no longer be bought.
May 16 is the 20th consecutive trading day of the listed company *ST Baoli's stock price is lower than 1 yuan, and the stock price of 1 cent (0.11 yuan) has become a swan song, and trading has been suspended since May 17, and then it is delisted.
If measured from the investment value, *ST Baoli should have been delisted a long time ago, with a total of 7.5 billion raised since its listing, a total loss of 7.2 billion, and a dividend of only 20 million, which can be called a "meat grinder".
In fact, the 120,000 shareholders of *ST Baoli have already admitted it, but everyone did not expect that it would fall so cruelly before exiting.
In 20 days, from 1 yuan to 1 cent, a drop of 90%, if 10,000 yuan entered the market at that time, now there is only 1,000 yuan left, maybe this is called "playing water".
However, shareholders are not the worst, no one may believe it, Gao Baoqing, as the actual controller of *ST Baoli, is the loser, not only lost all his old capital, but also owed hundreds of millions.
At this time, Gao Baoqing's most regretful thing may be the same as the 120,000 shareholders: I really shouldn't have itchy hands at the beginning!
*ST Baoli, formerly known as Jianrui Fire, was listed in 2010, it stands to reason that fire-fighting equipment is a good business, but just after 3 years of listing, Jianrui Fire began to plan asset restructuring, acquired Wo Tema, which made lithium batteries, and changed its name to Jianrui Woneng.
In 2019, Jianruiwo was forced to embark on the road of bankruptcy and reorganization, and the current actual controller Gao Baoqing became the owner of Jianrui Wooneng as a reorganization investor at that time, and then the listed company was renamed Baoli New Energy.
Although the name has been changed, it has not been able to change its life, the business of lithium batteries for two-wheeled electric vehicles is not easy to do, Gao Baoqing has never made money since he took over the plate for more than 4 years, and has been losing money since 2020.
After 4 consecutive losses, Baoli New Energy has become *ST Baoli, and then in a blink of an eye, it has reached the point where it is now locked and delisted, and Gao Baoqing's A-share road is really indescribable.
It is impossible to calculate how much the 120,000 shareholders lost, but how much Gao Bao paid can be calculated one by one.
According to the reorganization plan of that year, Gao Baoqing spent a total of 220 million yuan and obtained 600 million shares, which was converted to an average of 0.37 yuan per share.
may be because of this, Gao Baoqing dared to give it a go, and took over this "hot potato" from the hands of the former actual controller, but she couldn't have imagined that there was no minimum, only lower, and her cost of 0.37 yuan would be lost.
However, Gao Baoqing lost more than the 220 million entry costs.
At the beginning, as a reorganization investor, Gao Baoqing was full of confidence and made a performance commitment proudly, and the total non-net profit deducted in the three years from 2020 to 2022 should be 300 million, otherwise he would pay cash to make up for it.
As a result, the actual non-net profit deducted in 3 years was -528 million, which means that Gao Baoqing needs to compensate 828 million yuan to achieve the promised performance target.
I am the actual controller, can I have the final say on whether this promise is fulfilled or not?
Obviously not, Gao Baoqing's shareholding ratio is less than 15%, far from the extent of absolute control, as long as the other shareholders are united, it is easy to exceed Gao Baoqing's voting rights ratio, this money, I am afraid Gao Baoqing will not be able to escape.
Public information shows that *ST Baoli has entrusted a lawyer to start the litigation process, and the listed company sues its actual controller, and there are really not many such dramas.
However, from the perspective of interests, it is also very realistic, if Gao Baoqing could inject hundreds of millions of compensation into the company earlier, maybe the outcome would be different.
Or take a step back, even if it is delisted now, if the company can have hundreds of millions of cash lying on its books, all shareholders can benefit to a greater or lesser extent.
It seems that the delisting is not over, and Gao Baoqing's troubles have just begun.
Of course, Gao Baoqing can also comfort himself from a different angle, at least he once had, although he has regrets, but he has no regrets.