Chapter 18
Chapter 18
Eventually, I gave up on sleeping and got up. At that moment, Taek-gyu opened the door and came out.
“Aren’t you sleeping too?”
“I woke up.”
Perhaps Taek-gyu is thinking the same thing.
“Would you like a beer?”
Taehyung nodded his head.
“Huh.”
We headed to a nearby convenience store. Because of time, no one was passing by.
We each sat down with a 500 milliliter can.
Cold air pierced through the clothes. My heart is already cold, even the weather is terribly cold.
While drinking beer, Taek-gyu asked.
“Won’t Seosung Electronics go up further?”
“Well.”
Usually, we are worried that the stock price will fall, but we are worried that it will rise.
No one knows whether the stock price will rise or fall tomorrow. Had I known that, I would have bought or sold it in advance.
There’s only one thing I know. It was only that the L6 was discontinued.
We took the strategy of buying the put option and short selling it. This is entirely due to the decline in the stock price of Suseong Electronics.
The original option is for risk hedging, not for bullshit.
The prediction was wrong, and the stock moved in an unexpected direction. Billions have already flown.
I looked at Taegyu and asked.
“Am I not resentful?”
Taek-gyu raised his head and looked at me.
“Why do I resent you?”
“If I hadn’t foreseen, this wouldn’t have happened.”
Taek-gyu smirked at my words.
“What are you talking about? I said to invest. If it wasn’t for you anyway, I’d blow it all up when Mountain Hill goes bankrupt.”
“It is, though.”
Just because you helped back then doesn’t mean you can afford to lose now.
The L6 is a premium smartphone of Suseong Electronics and a cash cow in the IM division. Such a product cannot be easily discontinued just because there is something wrong with it.
Did I think it was too easy from the beginning?
After drinking beer without speaking for a while, Taek-gyu broke the silence and said:
“And it’s not over yet.”
“Huh?”
“Will the recall really solve all the problems?”
Suseong Electronics said that the cause of the fire was a defective battery. So I said that just replacing the battery would solve all the problems.
What if it’s not a battery problem?
The public opinion, which was aggravated by the explosion, was barely calmed by the super strong force of a recall of all products. In this situation, if the recalled product explodes again, there will be no other option than discontinuation.
So, isn’t Yeji still wrong?
The problem is time.
There is not much time left until the option expiration date.
* * *
Even after the recall announcement, the L6 explosion continued.
Suseong Electronics recommended discontinuing the use of L6. And as a safety measure, the L6 charge rate was limited to 60 percent through a forced update.
Until the recall is complete, a replacement phone will be provided through the after-sales center and telecommunication company’s agency, and customers who want a refund will be refunded if they bring the body without returning the gift.
Despite the continued explosion, the demand for refunds was surprisingly modest.
The premium phone market was thoroughly divided between NPL and Suseong Electronics. Therefore, most consumers chose to wait and receive a recall instead of a refund. Only 2% of consumers opted for a refund.
In order to meet the recall schedule, Suseong Electronics returned the holidays and started production of the factory.
A week after the recall announcement.
Finally, the recall began. The new L6 is identical to its predecessor, except that the battery color indicated on the display has changed to green.
President Cho Dong-jun said in an interview with the press:
“I sincerely thank the consumers who trusted and waited for Seosung Electronics. We will repay you with the best products and best services.”
* * *
Resale followed with a recall.
Standby demand due to the suspension of sales was concentrated on telecommunication companies. On the same day alone, 30,000 new cases were opened in Korea.
New buyers as well as consumers exchanged for new products expressed satisfaction.
As the recall and resale went smoothly and the uncertainty disappeared, the stock price of Suseong Electronics, which had remained flat, began to rise again.
The share price, which stayed in the high 1.6 million won range, rose 4.1 percent to exceed 1.75 million won. And our losses have snowballed and are now over 9 billion.
Taek-gyu opened his mouth wide in shock when he checked the balance, and I sighed.
“It’s completely ruined.”
Of the 13 billion won, only 3.6 billion was left. 70% of the investment principal was blown away. To recover the principal, you now have to make a 250% return.
It’s a pity that some of them were short-sold, but if they had gone all-in on put options, there would not have been several hundred million left.
Put options, bought for billions of dollars, became a piece of paper. Disposal was not possible at this time.
Taek-gyu muttered a blank expression on his face.
“Easy money is said to disappear easily, but the money you earn with Vantcoin will fly away like this.”
“·················ogue.”
I have nothing to say.
Still, it wouldn’t be comforting to say that there are still 3.6 billion left.
I also lost 6 million.
Just thinking about it made my head go white and my stomach felt like it was burning. I’m like this, what would Taek-gyu be like?
There is only one week left until the option expiration date. If nothing happens by then, it’s over.
Wrong foreknowledge would lead to such a disaster…
This loss could have been avoided without the option. Before we broke up, I remembered the story that Sangyeop senior said, ‘If you do the wrong option, you’ll be hooked in one room’.
It really is a one-shot shop.
I crossed my arms and fell in thought.
Am I wrong, or am I missing something?
Taehyung continued to mutter.
“As expected, we should have gone all-in at the OPEC production cut meeting.”
If I had done that, I would have easily earned several tens of billions of dollars. Opportunities tend to look big after they pass.
Taek-gyu scratched his short hair and said.
“Ah! I do not care. I lived well even when I didn’t have that money anyway.”
“·················ogue.”
Still, if I had the money, I would have been able to live better.
I picked up the L6 on the table. It was a replacement product that Taek-gyu had been recalled from going to the telecommunication company. I touched it a few times, but I couldn’t see anything.
But at that moment.
Something flickered in front of me as if I could see it.
I clenched my teeth and focused.
After the expiration date, the option turns into a piece of paper. It has nothing to do with us when Seosung Electronics, which was discontinued after the option expiration date, plunged.
When is it going to be discontinued?
Show me something! please!
In an instant, a hologram appeared in front of me.
What is this…?
“Jinhoo Kang!”
I opened my eyes at the call I heard. Taehyung’s face caught my eye.
Jiying!
Tinnitus rang in my ears and my brain vibrated.
I grabbed my head and stumbled.
Taehyung exclaimed in surprise.
“Hey! OK? Jinhoo!”
“shut up······!”
I feel like my head is ringing even more when I scream from the side.
It took a long time for the tinnitus to subside.
Taek-gyu looked into my eyes and asked in a low voice.
“What did you see this time?”
“Four days later.”
“Huh?”
“It will be discontinued in four days.”
Taehyung made a surprised expression.
“Really?
I nodded.
“If this is a real superpower, it will be.”
* * *
As he was resting on the sofa, Taek-gyu, who was looking at L6, suddenly shouted.
“Ugh!”
“What is it? What can you see?”
Do you have superpowers?
Taehyung shook his head.
“No, that’s not it… the replacement product has exploded.”
I was surprised.
“Turn on the computer.”
We sat in front of the computer and searched for news and communities in earnest.
Surprisingly, there were two more explosions.
“One is Canada, one is China.”
China is the second release country, and it was opened from the pre-order on the day the recall started. However, on the same day, an article was posted on the Chinese portal site Baidu along with a photo of the exploded L6.(Read more @ wuxiax.com)
Suseong Electronics collected the product and investigated it, and announced that it was suspected that the product was intentionally ignited using a microwave oven.
Then, the informant who posted the article did not respond and deleted the article and then disappeared.
The next post was posted in Canada. When Suseong Electronics said that it would collect the product and investigate it, the informant only talked about compensation and refused to return the product.
In addition, the place of purchase or the serial number of the product was not disclosed, so it was suspected that it was a self-made play.
And this time it was Korea.
After receiving a replacement product, putting it on the case, and plugging in the charger, it suddenly caught fire. Seosung Electronics said that it is currently collecting the product and conducting a detailed investigation.
I looked closely at the photo posted by the informant. It didn’t look much different from the previous photos.
Within two hours of recalling the product, the announcement of the results of the investigation by Suseong Electronics appeared as breaking news. It was an exceptionally quick response.
“It is said that the fire was caused by an external shock.”
Suh Sung Electronics said that the large wound on the back of the case coincided with the ignition start point. As evidence, CT images and X-rays were released to the media.
Dozens of comments were posted in an instant.
-Are you trying to get a reward?
– Could it be that Seong Electronics manipulated it?
-Isn’t it strange that the announcement was made as if it had been waiting for two hours?
– Mine is fine, but why does it keep popping up?
-If you have some, it will explode.
In the subsequent article, it was stated that the investigation would be commissioned by an authorized external agency, and that any media would be able to observe the investigation process if they wish.
“I wouldn’t do this unless I’m pretty confident.”
If so, is the ignition really caused by an external shock?
In any case, it was clear that the fire incident continued to hold the L6’s ankle after the recall. For this reason, Seoseong Electronics was also doing its best to evolve public opinion.
Taehyung looked at me and said.
“Aren’t you suddenly reminded of Yoga Vera’s saying?
“·················ogue.”
“Which country is Yoga Vera from?”
Isn’t that Yogi Berra?
He had the name wrong, but he knew what he was trying to say.
“Isn’t it over til it’s over?”
Seosung Electronics revealed that the cause of the fire was the Seosung SB battery. Therefore, all replacement parts are equipped with Chinese BTL batteries.
But why did it explode again?
Is this a self-made play, or is there some other problem?
I raised two fingers.
“There are two days left.”
