Chapter 318: 318 Rebirth from the Ashes_1
Urban Most Awesome Dad
Chapter 318: Chapter 318 Rebirth from the Ashes_1
Seeing that she couldnât get in touch with Xu Xinxin, Xu Yixue didnât insist any further.
âYou can never wake someone who is pretending to be asleepâ goes the saying. If Xu Xinxin wanted to make an appearance, even if there were ten thousand difficulties, she would stand by Xinghai Mediaâs side and resist the crisis that the company was currently facing together with Xu Yixue.
But if she wanted to hide, then she would have a thousand ways to make sure Xu Yixue couldnât contact her.
It could only be said that everyone has their own ambitions. Xu Xinxin wanted to choose a better platform, and Xu Yixue was completely supportive, but many things that seemed like a pie in the sky often turned out to be traps dug for her.
Xu Yixueâs Xinghai Media, although only a second-tier media company in Zhonghai City, was still the legitimate daughter of the entertainment industryâs powerful Xu Family. As for issues like job-hopping, preventive measures were in place long ago.
Ordinary employees werenât much of a problem; their wages could be deducted, and the situation could be resolved by hiring a few more. But artists were different; they were the result of the companyâs significant resource investment. If they wanted to leave, thatâs fine, but theyâd have to pay back ten times the resources spent on them in breach of contract fines.
And how to calculate these spent resources, of course, was up to Xu Yixue.
As long as Xinghai Media didnât go bankrupt, what would follow for Xu Xinxin would be astronomical breach of contract fees.
This kind of contract was something every artist who wanted to sign had to agree to, and rumors of it circulated online, humorously dubbed by netizens as the âindenture contract.â
Though it wasnât as severe as selling oneself into servitude, if Xinghai Media didnât collapse, Xu Xinxin would face a compensation fee in court she absolutely couldnât afford. By then, even selling herself probably wouldnât cover Xinghai Mediaâs claims.
But if it goes according to Heishui Corporationâs plan, after Xinghai Media has already been hit by financial fraud and artist defection scandals, revealing unfair competition practices would very likely be the final straw that breaks the camelâs back.
When the wall falls, everyone pushes; a worn-out drum is beaten by thousands. If Xinghai Media is struck by these three severe blows, its stock price is certain to plummet, followed by shareholders hurriedly selling off their stocks in panic.
Once this behavior triggers a chain reaction, it will quickly spread widely. Xinghai Mediaâs reputation built up over years will turn into rubbish after these negative news breaks.
Moreover, Heishui Corporationâs negative campaigns were solely to create a hostile public opinion to kick Xinghai Media when itâs down. More importantly, there were behind-the-scenes forces yet to emerge; their actual goal was to short-sell Xinghai Mediaâs stocks, and many speculative financial institutions were likely already eyeing Xinghai Mediaâs shares.
Under their lead, Xinghai Mediaâs stocks would definitely experience a plunge at the start of trading.
These were investment institutions with insider information, whose responsiveness to information was keener than a houndâs nose, and they would certainly rush into the fray at the first opportunity to take a bite from Xinghai Media.
Though the general shareholders might be slow to react, once they see Xinghai Mediaâs stock begin to plummet, no one can sit still, and theyâll urgently sell off their Xinghai Media stocks.
At that point, Xinghai Media as a company would be facing the triple pressure of Heishui Corporation, financial institutions, and shareholders. Bankruptcy would be the most likely outcome.
Only they didnât know, Xu Yixue had already been aware of the companyâs problems when she entered Xinghai Media and had previously done some investigation and preparations in these areas. Without this incident, Xu Yixue would have slowly and gradually resolved these issues, but the current conditions no longer allowed for delay.
Of course, crisis is also an opportunity. If Xinghai Media could weather this crisis without collapsing, then those previous issues could be resolved on the back of this crisis.
By then, Xinghai Media would be reborn like a phoenix from the ashes and transform into a brand-new company.