"Don't get too close to Old Jia."
Lu Liang smiled as he planned to chat with businessmen, but he made a point of cautioning Little Wang before he left.
LeEco had been suspended from trading for more than two months, and every now and then news would leak out, all of it without exception bearish.
Either this project had financial fraud or that project had an auditing error; it was like a colander, full of holes everywhere.
Although its market value was still 36.2 billion before the suspension, all the institutions had long since downgraded its credit rating, with not one above a 3C level, just one notch above D-rated junk stocks.
One could imagine that once trading resumed, there would be at least ten continuous limit-downs, not to mention that Old Jia had been forced into execution by the court.
Hundreds of thousands of retail investors were trapped, their pleas going unheard by both heaven and earth.
