In the end, I gave up on sleeping and sat up. At that moment, Taekgyu opened the door and came out.
"You weren't sleeping too?"
"I just woke up from sleep."
Taek-gyu is probably having the same concerns.
"Would you like to have a beer?"
Taekkyu nodded.
"huh."
We headed to a nearby convenience store. Because of the time, there wasn't even anyone passing by.
We each sat down with a 500 milliliter can.
Cold air penetrated through my clothes. My heart is already cold, and even the weather is extremely cold.
While drinking beer, Taekgyu asked.
"Soseong Electronics won't rise further, right?"
"well."
Usually we worry that stock prices will fall, but we are worried that they will rise.
No one knows whether stock prices will rise or fall tomorrow. If I knew that, I would have bought or sold it in advance.
There's only one thing I know. The only thing that happened was that the L6 was discontinued.
We adopted a strategy of buying put options and selling short. This is entirely due to the decline in the stock price of Seosung Electronics.
Originally, options were for risk hedging, not for fooling around.
The prediction was wrong, and the stock price moved in an unexpected direction. Billions have already been lost.
I looked at Taekgyu and asked.
"Don't you resent me?"
Taekgyu raised his head and looked at me.
"Why would I blame you?"
"If I hadn't foreseen it, this wouldn't have happened."
Taekkyu chuckled at my words.
"What are you talking about? I was the one who suggested investing. "If it weren't for you, it would have all been lost when Mountain Hill went bankrupt."
"Yes, but."
Just because i helped back then doesn't mean you can tolerate the loss now.
L6 is Seosung Electronics' premium smartphone and a cash cow in the IM sector. There is no way to easily discontinue such a product just because it has a defect.
Did I think it was too easy from the beginning?
We drank beer in silence for a while, and Taekkyu broke the silence and spoke.
"And it's not over yet."
"huh?"
"Will a recall really solve all problems?"
Seosung Electronics revealed that the cause of the ignition was a defective battery. So they said that all problems would be solved if I just replaced the battery.
What if it's not a battery problem?
The public opinion worsened by the explosion has managed to calm down with the extreme force of recalling all products. In this situation, if the recalled product explodes again, there will be no other way than to discontinue the product.
So, is the prediction still wrong?
The problem is time.
There is not much time left until the option expiration date.
* * *
Even after the recall announcement, L6 explosions continued.
Seosung Electronics recommended discontinuing the use of L6. And as a safety measure, the L6 charging rate was limited to 60 percent through a forced update.
Until the recall is completed, replacement phones will be provided through after-sales service centers and telecommunication company dealerships, and consumers who want a refund will receive a refund simply by bringing the phone back to the phone without returning the free gift.
Despite the continued explosion, surprisingly there was not much demand for refunds.
The premium phone market was completely divided between NPL and Seosung Electronics. Therefore, most consumers chose to wait and receive a recall instead of refunding. Only 2% of consumers chose to get a refund.
In order to meet the recall schedule, Seosung Electronics gave up its holidays and started operating the factory to produce the quantity.
A week after the recall was announced.
The recall has finally begun. The newly sold L6 was identical to the previous product except that the battery color displayed on the display changed to green.
President Cho Dong-jun said in a media interview:
"We are sincerely grateful to the consumers who trusted and waited for Seosung Electronics. "We will repay you with the best products and best service."
* * *
Resale occurred along with the recall.
Due to the suspension of sales, waiting demand was concentrated on telecommunication companies. On that day alone, 30,000 new applications were opened in Korea.
Not only consumers who exchanged their products for new ones, but also new buyers expressed satisfaction.
As the recall and resale continued smoothly and uncertainty disappeared, Seosung Electronics' stock price, which had been flat, began to rise again.
The stock price, which was in the late 1.6 million won range, rose 4.1% to exceed 1.75 million won. And our losses grew like a snowball, now exceeding 9 billion.
Taek-gyu opened his mouth in shock after checking the balance, and I sighed.
"It's completely ruined."
Of the 13 billion, the remaining money was only 3.6 billion. 70% of the investment was lost. Now we have to make a 250 percent profit to recover your principal.
It's a shame because I short-sold some, but if I had gone all-in with put options, I wouldn't have had a few hundred million left.
Put options purchased for billions of wons became nothing more than a piece of paper. Disposal was currently impossible.
Taekkyu muttered with a blank expression.
"They say money easily earned disappears easily, but I never thought the money I earned through Bantcoin would fly away like this."
"······."
I have nothing to say.
Still, it wouldn't be any consolation to say that there's still 3.6 billion left.
I also lost 600 million won.
Just thinking about it made my mind go blank and I felt like my stomach was burning.if i am like this,why would Taek-gyu not be upset?
There is only one week left until the option expiration date. If nothing happens by then, it's literally the end.
Who would have thought that a faulty foreknowledge could lead to such a disaster...
Even if the option had not been used, this level of loss could have been avoided. Before we parted ways, I remembered what my senior Sang-yeop had said, 'If you choose the wrong option, you'll lose it all in one hit.'
I was really hooked at once.
I crossed my arms and was lost in thought.
Was my prediction wrong, or did I miss something?
Taekkyu continued to mutter.
"As expected, we should have gone all-in during the OPEC production reduction meeting..."
If I did that, I would have easily made tens of billions of wons. Basically, opportunities only seem bigger after they pass.
Taek-gyu scratched his short hair and said.
"Well! I don't care. "I lived well even when I didn't have that money anyway."
"······."
Still, if he had that money, he could have lived better.
I picked up the L6 lying on the table. It was a replacement product that Taekkyu went to the telecommunications company and received a recall. I touched it a few times, but I couldn't see anything.
But at that moment.
Something glimmered before my eyes, as if I could see it or not.
I gritted my teeth and concentrated.
After the expiration date, the option turns into a piece of paper. It has nothing to do with us, if Seosung Electronics L6 is discontinued after the option expiration date.
When is it going to be discontinued?
Show me something! please!
In an instant, a hologram appeared before my eyes.
What the hell is this...?
"Kang Jin-hoo!"
I opened my eyes at the shout I heard. Taekgyu's face came into view.
Ji-ing!
Tinnitus rang in my ears and my brain vibrated.
I stumbled, holding my head.
Taekgyu shouted in surprise.
"Hey! are you okay? Jinhoo!"
"shut up······!"
I feel like my head is pounding even more when he screamed next to me.
It took a long time for the tinnitus to subside.
Taekkyu looked at me and asked in a low voice.
"What did you see this time?"
"Four days later."
"huh?"
"It will be discontinued in 4 days."
Taekgyu looked surprised.
"Really?
I nodded.
"If this is a real superpower, then so be it."
* * *
While I was resting on the sofa, Taekkyu, who was looking at L6, suddenly screamed.
"Ugh!"
"what's the matter? "Can you see something too?"
Do you have superpowers too?
Taekgyu shook his head.
"No, that's not it… I heard the replacement product broke."
I was shocked.
"Turn on the computer."
We sat in front of the computer and searched for news and communities in earnest.
Surprisingly, there were two more explosions.
"One is Canada, one is China."
China is the second country where the product was released, and pre-order sales began on the day the recall began. However, that very day, a post was posted on the Chinese portal site Baidu along with a photo of the exploded L6.
Seosung Electronics collected the product and investigated it, and announced that it was suspected that it had been intentionally ignited using a microwave oven.
Then, the informant who posted the post deleted the post without refuting it and disappeared.
The next post was posted in Canada. When Seosung Electronics said they would collect the product and investigate, the informant only mentioned compensation and refused to return the product.
Additionally, since the place of purchase or product serial number was not disclosed, it was suspected that it was a self-made product.
And this time it was Korea.
After receiving the replacement product, putting it in the case and plugging in the charger, it suddenly caught fire. Seosung Electronics announced that it has currently collected the product and is conducting a detailed investigation.
I looked closely at the photo posted by the informant. It didn't seem to be much different from the previously posted photos.
Two hours after the product was recalled, the announcement of the results of the Seosung Electronics investigation appeared as breaking news. It was an unusually quick response.
"They say it was ignited by an external shock."
Seosung Electronics announced that the large scratch on the back of the case coincides with the point where the ignition started. As evidence, CT photos and X-ray photos were released to the media.
Dozens of comments appeared in an instant.
-Did you do this to get compensation?
-Couldn't it have been manipulated by Seosung Electronics?
-Isn't it strange that they announced it as if they had been waiting for 2 hours?
-Mine is fine, but why does it keep exploding?
-Yours will explode after a while.
The subsequent article stated that the investigation would be requested from an accredited external agency and that any media would be able to observe the investigation process if they wish.
"They wouldn't go this far unless they were extremely confident."
So, is the ignition really caused by an external shock?
In any case, it was clear that ignition incidents continued to hinder the L6 even after the recall. Therefore, Seosung Electronics was also doing its best to evolve public opinion.
Taekkyu looked at me and said.
"Don't you suddenly remember Yoga Vera's famous quote?
"······."
The name was wrong, but I knew what he wanted to say.
"Are you saying it's not over until it's over?"
Seosung Electronics revealed that the cause of the ignition was the Seosung SB battery. Therefore, all replacement products are equipped with Chinese BTL batteries.
But why did it explode again?
Is this also a self-made play, or is there another problem?
I held up two fingers.
"Now there are two days left."