Chapter 10
Chapter 10
Chapter 10
translator PennyWorth
The Black-Haired Investor Who Awakened as a Superman 010
==========
I had Awakened with clear intuition.
Even for me, this was quite unexpected.
In just four days, Jason managed to gather thirty-five investors, including himself.
The total amount raised was $200,000.
The funds and contracts arrived in order.
That's an average investment of $5,700.
I wouldn't be surprised if a competitive spirit had swept through his circle.
But Jason is my old classmate, so let's say that's understandable.
What about the others?
They're signing contracts that even a con artist wouldn't dare to present?
'No wonder there's so much financial fraud on Wall Street…'
Anyway, most of them were people in his industry. And considering the circumstances of his industry, the investment amount wasn't small.
If this investment fails, he could be completely buried in the industry.
Despite that, he recommended me to others?
Even though he doesn't get any commission?
I know. It's purely out of goodwill, wanting to share this opportunity with others.
In these cases, things usually don't end well.
But this is a special case.
<More people want to invest. The rumor seems to have spread. Will it cause you any harm?>
<There's no harm to me, I'm worried about you. They'll be spouting all sorts of nonsense every other day, can you handle all that?>
<If they're that kind of guys, I'll just beat them up. I'll probably get beaten up too, though.>
I chuckled briefly.
It reminded me of the old days when I used to get beaten up by him.
Of course, it was his way of joking, remembering when he used to get bitten by me.
I only remembered his dejected appearance from our first meeting, so it wasn't bad to feel like we were back to the way we used to be, even if it was just like this.
I said.
<No more investors.>
<Too many small amounts… It was too much, wasn't it? Sorry.>
<It's not that, it's because 35 is the limit. If we take more, there will be legal issues. I'd appreciate it if you could introduce investors after this is over.>
<After this is over?>
* * *
Regulation D.
A regulation established by the Securities and Exchange Commission (SEC) that provides a legal framework for raising capital.
There are programs that can be utilized under it, and in my case, Rule 506 B was the right one.
Rule 504, which requires public offering, and Rule 506C, which only allows funds from large-scale investors like institutional investors, were naturally excluded.
Instead, Rule 506B is a program that limits the number of investors to 35 but does not require public offering and allows funds from general investors.
Even if the amount raised is small, it was clearly the first step towards independence.
「 Non-Public Offering Fundraising
1. Basic Information
Issuer: Hyun-woo Na
…
10. Number of Investors
: 35
11. Sales Compensation
: 51% performance bonus on profits
12. Use of Proceeds
$200,000: Used as trading and investment capital
January 26, 2020 」
A satisfied smile finally spread across my face reflected on the monitor screen.
After completing the electronic filing with the Securities and Exchange Commission, I came out to the living room, where the morning of a few days ago was being repeated exactly.
Back then, it was a Korean director, but today it's a K-POP idol.
I was already sparkling at the middle-aged Korean director, so how pretty would the faces of handsome young Korean men from my homeland look?
Mom was hooked on that K-POP idol group.
To be precise, I can refer to them as young Korean men who performed on the Grammy Awards stage.
Although they weren't even nominated at the Grammy Awards, their performance was excellent. They showed their global influence to everyone.
But that's it.
Their fandom and global popularity are certainly great.
However, unless they break out of the traditional music industry framework, they are nothing more than background decoration.
Unless they break away from Korean agencies and enter the fold of traditional powerhouses in the market like Universal Music Group or Warner Music Group…
Those young Korean men will have to be satisfied with their current position.
The Grammys are more conservative than the Oscars, and the dominance of existing market leaders is even stronger.
The winds of diversity and inclusion are blowing in the Academy, but not yet in the Grammys.
Still.
"They'll be nominated next time."
I showed my Mom, who belatedly realized that the young Korean men she liked weren't even nominated, a small act of consideration from a son.
"Really? But, son. Were you interested in this too?"
Mom looked at me as if surprised.
"They're doing well these days."
After replying lightly, I returned to my room.
I didn't want to ruin Mom's leisure time after a long day of work with pointless words.
Short- and long-term perspectives related to the listing of Korean agencies and issues related to military service, etc.
A huge amount of information that seemed like it would pour out uncontrollably, regardless of my will, continued to flood in.
In this information age, we humans are exposed to a huge amount of information without even realizing it.
Smartphone notifications, news feeds, social media posts, advertisements, emails, etc.
A constant stream of data passes through our daily lives.
It even included useless information like the birthdays of individual members.
At the same time, news articles and related laws regarding the positions taken by the military administration regarding their military service continued to follow one another.
Eventually, I came to the conviction that their eldest brother would be the first to fulfill his military duty.
I tried not to, but I felt that this was just the beginning, and my thoughts were splitting into several branches and expanding rapidly.
'Stop. Stop thinking, Hyun-woo Na. Before my head explodes!'
I squeezed my eyes shut.
I buried my face in the bed.
After a while of panting, I sat upright at my desk.
I had learned that the best way to deal with this is to change the flow of thought.
I had realized through past experiences that injecting new information is even more effective.
Checking market trends and absorbing new information was a basic routine, so I had been building up my knowledge in various fields in my spare time.
I read economic books and humanities books that I had put off, and I also indulged in psychology books.
Among them, this time I chose Arabic on a foreign language learning site.
I learned from studying French and Chinese that I could reach a level where business talking was possible just by learning sentence patterns and memorizing words.
At this rate…
I was sure I would master all the languages in the world.
* * *
<Did you say investment?>
It had been almost a week.
None other than Anthony Noto expressed his intention to invest personal funds.
However, I had already completed the filing with the Securities and Exchange Commission.
After politely explaining this point, I said we should plan for the next time.
<Oh, I'm too late.>
<No, it's not. Even I would shake my head at a 51% performance bonus.>
That's why I hesitated. Signing that felt like denying myself.>
His small laughter relaxed my mind.
<Of course. Actually, I was worried that it might have felt rude, but I appreciate you contacting me like this, Mr. Noto.>
<But to think that there were other people besides me who would sign that, it's surprising. Honestly, I thought I would be the only one. They wouldn't be Wall Street people…>
Anthony was very curious.
However, this was all I could reveal about the investors.
<They were my friends.>
<Even so, Goldman Sachs doesn't have a good reputation for Hyunwoo.>
I replied without caring.
<When I was there, Goldman Sachs wasn't such a stupid group, but I was going to say something and stopped. I can't create a situation where I'm just increasing the number of competitors.>
His words followed immediately.
As expected, this was his real purpose.
He seemed to have been working hard to persuade the shareholders over the past week. In fact, it was his status that made this happen, rather than my ability.
Thanks to him, the stock options had increased compared to before, and the sign-on bonus had reached the level I had requested.
But I could feel it in his voice.
The most important condition was missing.
When I said that, there was a moment of silence.
Finally, he said.
<Are you watching the news right now?>
At Anthony Noto's words, I enlarged the breaking news window.
Pop!-
[ World Health Organization, Declares Wuhan Pneumonia a Public Health Emergency of International Concern
(WHO, Declares Wuhan Pneumonia a Public Health Emergency of PHEIC)
The World Health Organization has officially declared Wuhan Pneumonia a Public Health Emergency of International Concern.
This announcement was made as the possibility of the virus spreading beyond Wuhan, China, to the rest of the world has increased.
The World Health Organization recommends that countries around the world take strong quarantine measures, and calls for international support, especially for countries with weak healthcare systems.
January 30, 2020, 12:30 EDT ]
Anthony's voice flowed in.
<It's getting harder and harder to get Hyunwoo.>
How should I respond to that?
The fact here is that Anthony's words are just lip service for me.
Considering the subtle emotions in Anthony Noto's voice and the way he usually speaks, he wasn't regretting it at all.
It must be because he believes that the market will remain solid despite the World Health Organization's official announcement of a state of emergency.
When you become a big shot like Anthony.
You tend to have networks that extend in various directions to the World Health Organization.
He probably already knew what kind of announcement would be made. And what kind of measures the government would take.
In the industry, Wuhan Pneumonia is still nothing more than SARS or MERS.
* * *
The market really went that way.
The World Health Organization's announcement was only enough to surprise the market the next day.
It was Friday.
However, the weekend when the market was closed was enough time for the surprised minds to calm down.
As soon as Monday started, the market started to rally as if mocking the people who were surprised last week.
Of course, the Federal Reserve, which knew that the World Health Organization would make such an announcement, had already reassured the market on the 29th by hinting at the possibility of an interest rate cut.
The Bank of Japan and the People's Bank of China had also announced that they would take such preemptive measures.
In addition, the market was still thirsty for the continued feast of tech stocks.
'It's already entered the gluttony stage beyond overeating.'
But they haven't really realized that they could die from overeating.
A plague is raging right in front of their eyes and spreading around the world.
Everyone is just looking at Tesla.
And then they shout.
"Tesla is God!"
Tesla, the clear market leader driving the current tech stocks.
This guy showed crazy madness again today.
The earnings announcement is good, but it's really time to shift our attention to the crisis that Wuhan Pneumonia will bring.
Nevertheless, Tesla built a solid bullish candle approaching 20%.
Just four days after the World Health Organization declared a state of emergency.
If you calculate it excluding the two weekend days in between, it's only been two days.
The market is taking Wuhan Pneumonia too lightly.
In the midst of all this, I got a call from this guy.
Pop!―
[ Eric: Are you okay? Is it too hard? ]
It's a waste to even call him a guy now.
These guys are more vicious than guys like Victor who openly mock you.
[ Eric: I thought you were still maintaining your short position. Hyunwoo, were you shorting Tesla too? ]
One chuckle per letter, I completed the sentence and sent it.
[ Na: Go die, Eric. ]