Money Machine min Tai Precious Metals trouble Great wisdom Chairman brother-in-law undertake

The beginning of chaos, the end of the abandoned. Great Wisdom (601519.SH) abandoned the people of Thailand (Tianjin) Precious Metals Operation Co., Ltd. (hereinafter referred to as the Thai) The timing is quite dramatic. June 10 Evening Big Wisdom announcement, will transfer 70% shares of People's Thai, the buyers for the wisdom of the Chairman brother-in-law Huang Shuning. While the deal was disclosed, dozens of investors were campaigning under the big intelligence Company building. With the increase in media disclosure, the number of people joining the online rights group has increased, as of press, has nearly 400 people. Investors claim that their losses are less than tens of thousands of yuan, and millions more. As a listed company with an Internet financial information service as its main business, the story of great wisdom came to an end in the fourth quarter of last year--losing two consecutive years to St. But last October's move to buy 70% per cent of the People's Republic of Thailand turned the wisdom into a profit in a few short months. Why the great wisdom to abandon the "savior" at this time, the people of Thailand? And how does Min-tae become its money-making machine? What secrets are hidden behind investor activism? The secret of making money machine last October, has been losing two consecutive years of great wisdom facing St's fate. It is inconceivable that the acquisition of the people of Thailand into a great wisdom to turn the magic weapon, the previous three-quarter loss of 195 million yuan, a full year to achieve a net profit of 11.66 million yuan. Public data show that after the acquisition of the Thai, great wisdom in the period of precious metals spot transaction fees 86.5686 million yuan, at the same time, also achieved 219 million yuan of precious metals trading investment income. The 2013-year-old seven-month net profit of the People's Republic of Thailand is only 15.35 million yuan. Public information shows that the current legal representative of the Thai people Yang Hongwei, as the Shanghai Great Wisdom Co., Ltd., the former deputy general manager of Operation Center, and the operation of the center involved in the management of the database. It is the large number of users and data accumulated by the great wisdom, after the injection into the platform of the people and Thailand, the immediate wealth effect. And activist investors revealed that the insider or can uncover the private Thai this money machine secret tip of the iceberg. "At first I was a more than 1 million-worth operation, but after listening to the wisdom of the stock not only did not realize the investment income, but in a few months to more than 200,000, then the wisdom of the service staff began to persuade me to do spot silver investment, and verbal assurance can be achieved in a short period of time to double the funds. "Northeast customer Han said to reporters," that is all my savings, in order to return to this, I do not know what the investment in silver is what, but still join in, to the current basic loss of light. "My 700,000 funds in the spot silver investment in two months on the loss of less than 200,000, I started as a stock customer, never thought to touch precious metals, but still in the great wisdom Service commitment to ' risk-free, high yield ' under the bewitched to join in." Another investor, Ms. Pan, told reporters. To achieve maximum expansion in a short period of time, great wisdom not only launches its own service personnel for marketing, but also tries to attract other institutional marketers to help pull customers through high commissions. "Great wisdom to the brokerage to dig our marketing staff, to motivate our marketers to do part-time, recommended to the people of Thailand, and promised an unexpected return of domestic helpers. "The sales staff of a brokerage in Henan province said. It is reported that people and Thailand for the Tianjin Precious Metals exchange members, a person familiar with the trading of cash precious metals told reporters, members of the unit as a market maker role, at any time to serve as a customer's opponent, to ensure variety of active. That is, its income includes not only the fees and other income, but also the market maker's income. "I listened to the people and Thailand analyst's ' Shout the single ' to carry on the operation, often the day and again the operation, afterwards only then discovered that this only has contributed the massive handling fee for the Thai people." "Ms. Han said. Investors have suffered heavy losses while contributing a lot of profits to the People's Republic of Thailand. But the future of its advocacy is not optimistic. "In judicial practice, the case involving precious metal trading platform is difficult to be prosecuted according to ' fraud ' or ' legal form ' to conceal illegal purpose '." Ganda, a lawyer at BOC law firm, said, "The only successful victory is to trade futures on precious metals trading platforms, violating national mandatory laws and regulations, and determining that the contract is invalid." In the case of fraud, which is advocated by most investors, the evidence is difficult and there are few successful cases. "Emergency disposal of the abacus and in the protection of investors at the time, the wisdom of why the people and Thailand stake?" In fact, the great wisdom for the acquisition of the cost of the people and Thailand is only a mere 70 million yuan, only a few months after the acquisition of fees, wisdom has already recovered the cost. and the market for the people of Thailand's profit model has been questioned. Data show that after the acquisition of Cathay, great wisdom in the period of precious metals spot transaction fees 86.5686 million yuan, at the same time, also achieved 219 million yuan of precious metals trading investment income. According to the great wisdom of the 2013 annual report after the review of the reply to the bulletin, the company's main revenue for the customer transaction fees, operating income for the extension (open position), investment income for the trading profit and loss. For up to 219 million of the investment gains, the announcement only highlighted the fixed spread of income. Industry insiders said that in terms of investment income, a large number of small investors grasp the wisdom of the huge rival disk resources, although there is no conclusive evidence of its guarantee to win thanks to less in the background to manipulate the false market or provide a delayed market, but up to 219 million yuan of "precious metals investment income" is undoubtedly to help the great wisdom to avoid becoming the biggest power of St stock. In other words, in addition to the spreads, it is highly likely that the margin that retail investors have lost will help them turn a profit. For the reasons for the transfer, great wisdom in the sale of shares announced in order to "exit the Non-core business to focus on their own main industry." But in fact, after the acquisition of the people of Thailand, great wisdom also continuously acquired Wuxi June Tai Precious Metals Contract Trading Center Limited (hereinafter called Wuxi June Tai) 60% Equity, Shanghai Lion King Gold Limited Liability company (hereinafter called Shanghai Lion King) 100% equity. The latter two businesses are similar to the people's Thai. It is worth pondering that, only in the great wisdom of the acquisition of the Sea Lion King less than three months later, the great wisdom is strategically "toss", hurriedly announced the transfer of 70% stake in the People's Republic of Thailand. More oddly, its buyersHuang Shuning is Zhang Ting's husband and chairman of the Great wisdom director Zhangchanghong [Weibo] 's brother-in-law. The price it paid for the deal was nearly 391 million yuan. This means that, in just 8 months, the Thai valuation has grown from 100 million yuan to nearly 556 million yuan, soaring more than 4.5 times times. For this transaction, great wisdom not only free from St, but also hope that through the transfer of income into the current period, again make beautiful statements, is stone.