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#WEMIX
Why could Wemix reach 24 dollars in Legend 4, 2.6 dollars in Legend M, and 3.6 dollars in Night Crow when Zhang Xianguo was around?
Why did the company chairman Pu Guanhao's legendary WEMIX drop to $0.75?
The reasons are as follows:
During Zhang Xianguo's tenure, he held shares in wemix, and only by using the company's account funds to boost wemix could he earn a share of the profits from the money made through the company account.
Pu Guanhao is currently the CEO, and he holds 45% of Wemade's shares.
He used company funds to pump up the price, then bought at a low price from his personal account, and after the price was raised, he dumped it, cashing out profits. This caused losses for the company while he made money.
This is the reason why wemix can't rise; the company lost 100 million, while he secretly made 200 million under the guise of a crown.
Shareholders lose, but Pu Guanhao profits himself.
Awesome, are the Koreans watching? You all see if it's like this.
I feel this might be an internal struggle.
Pu Guanhao wants to force out these other shareholders. Zhang Xian Guo and his team have already been driven out, and there are probably other 55% shareholders inside the company that he also wants to push out, only by ensuring the company keeps losing money, of course, he secretly buys and sells all the time.
Everyone, there are issues within wemade, what Pu Guanhao wants to do is to fill his own pockets.