Published at 26th of December 2020 09:25:31 AM
Chapter 775
Gun-Ho continued, "That's just an example. No one knows yet how much Dyeon Korea's share would be once it goes public. We will see it for sure on the day when the company shares become available to trade in the stock market."
"Why are you saying that I should sell my shares on the first day as soon as the stock market is open?"
"How many employees purchased the company shares? Most of Dyeon Korea's and GH Mobile's employees participated in the employee stock ownership program, right? So, it would be about 500 people. Of course, some of them gave up their opportunity to own the shares, and that's how you could buy their shares."
"Yeah. I don't think it would be 500 people, but it should be at least 450 people."
"Okay, then, say the price of the share increased. Those 450 people will compete with each other to sell their shares right away, right?"
"I think so."
"A stock price is determined by its demand and supply. If 450 people try to sell their shares at the same time, what do you think would happen to its price? Will the price increase? Or decrease?"
"Oh, I see. The price will decrease, of course."
"That's why you should sell your shares as soon as the stock market is open. The trade is done digitally, and if you think you are slow with handling the computer in selling your shares, you would probably want to ask one of the staff in the stock brokerage company to do it for you. You have to sell yours before anyone else starts selling theirs once the stock market opens in the morning."
"Bro, will you come to my office for a second?"
"Why?"
"I think I have to write down what you just said."
"Man, I didn't say anything difficult. There is nothing to write down."
"I think I still have to write it down somewhere. I'm not good at stock trading stuff. I feel like I understand what you just said, but I will probably not remember it later."
"Okay, let's go to your office."
Gun-Ho and Jong-Suk Park entered the plant manager's office.
"Bro, you want a cup of coffee?"
"I'm good. Will you close the door?"
Once Gun-Ho sat on a chair, Jong-Suk Park brought a pen and a piece of paper, and he started writing things on it.
"You said that the first thing I have to do is to open a stock account, right?"
"Yeah."
"And then, I have to request something to Dyeon Korea's Employee Stock Ownership Association. What was the thing that I need to request to them?"
"It's marketable securities transfer."
"Oh, that's right. I have to request them for a marketable securities transfer. And then, I need to sell all of my shares on the first day when Dyeon Korea's stock becomes available in the stock market!"
"That's right. Once again, remember that you must keep this between you and me. You can't tell anyone about this, okay?"
"Okay. Do you think I can make money from this?"
"I think so. But you have to keep in mind that stock price increases and also decreases. Once you sell your shares on the first day, its price will probably drop. However, it can go up again later. No one knows the time when its price will go up or down. Only God knows about it. That's why people say that stock market fluctuations are within God's territory."
"Hmm."
"Stock trading is an art of timing. If you pick the wrong timing in trading your stocks, the subsequent damage could be enormous. So, I recommend that you should stay away from the stock market once you sell your shares this time."
"I agree with you. I feel confident when I work with machines, but I have no idea when people talk about marketable securities, transfer, or whatever. It gives me only a headache."
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"And, did you go to the funeral in Gangjin Town, South Jeolla Province last time?"
"Yeah. I went there with the team lead, supervisor, and manager of the production team which that lady worker is working at."
"Good."
"She looked delighted to see us at the funeral."
"Of course. You went all the way to South Jeolla Province to attend her family funeral."
"After attending the funeral, we stopped by a restaurant called Malyang in Gangjin Town, and we had raw fish dishes there."
"That's nice."
"For Manager Ahn's mother's funeral, I wanted to stay with him until his mother is moved to the cemetery. But, he said that I shouldn't because the cemetery would be in Gimcheon City which is far. Instead, I stayed overnight with him."
"You must be very tired. Your position with the company requires you to do a lot of other works that are not directly related to the work itself, huh?"
"Well, President Song actually raised my limit of allowable expenses by 200,000 won. I was impressed. 200,000 won is a lot for a cheap man like him."
"Is he cheap?"
"Don't get me started. If you print out a piece of paper and throw it out once you read it, you will see President Song starting out nagging at you, pointing out that you didn't use the other side of the paper as a scratch paper. He is giving a lot of headache to the workers for a tedious thing like that."
"Haha, really?"
After talking with Director Park, Gun-Ho went up to his office on the second floor.
His secretary—Ms. Hee-Jeong Park—brought him a cup of green tea.
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"Please put the green tea on the table, and I'd like to have a cup of coffee as well."
"Yes, sir."
"And ask Ms. Accounting Manager Min-Hwa Kim to come to my office."
"Yes, sir."
When Gun-Ho was having his coffee, the accounting director entered the office.
"You wanted to see me, sir?"
"Did we receive the payment from Dyeon Korea for the machines that we built for them?"
"Yes, sir. It was 150 million won per machine, and we received 1.2 billion won in total which doesn't include VAT (Value Added Tax)."
"They are not using the B2B payment, are they?"
"No, sir. We received the payment in cash."
"What about the twin screws that we ordered from West Moulding Corp. in the U.S. Did they ship the screws to us already?"
"Yes, they did. We will receive 10 twin screws from them soon, and it cost us 200 million won. It's FOB (Free On Board) price."
"This price shouldn't be disclosed to anyone outside the company, especially, Dyeon Korea shouldn't know about it."
"Understood, sir."
Gun-Ho headed to Dyeon Korea in the afternoon.
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The internal auditor came into Gun-Ho's office carrying some documents.
"We are done with the marketable securities form, sir."
"Good. What are those that you are carrying?"
"Oh, this is the business plan that will be used during the presentation to institutional investors. This is a copy for you, sir."
"Are they done?"
"Yes, sir. Please review it, and let me know if you find anything that needs to be corrected or modified."
"Hmm, this is done in PowerPoint."
Gun-Ho reviewed the business plan.
"I see the business outline, environmental analysis… I do like what you put in the market tendency. It has good details. Good. The marketing strategy looks good too. Our financial status looks accurate as well. Let's adjust the estimated profit and loss for the future, a little bit. We can make it sound more positive; they are just estimates after all."
"Understood, sir."
"Okay, it looks good overall. If I find anything to add later, I will just explain them verbally during the presentation. So, the document doesn't have to be changed further. We will use it as it is."
"Yes, sir."
"How long would it take to process our marketable securities form?"
"According to the stock brokerage company, it usually takes 1 week, sir."
"Okay."
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