43: Chapter 43 Short Selling Report

Lin Yuan spent three days organizing the rating materials.

Three corporate case studies: Cross-border Selection was fully delivered, the startup team's equity plan entered a trial run, and the factory's digital transformation resistance rate dropped by 22 percentage points. Fifty-one effective faith connections, seven of which were from the overseas team, with aspiration power quality ratings all above B+.

The divine profession expansion roadmap was extended from "End of Involution" to two niche tracks: "Collaboration Cost Optimization" and "Cross-Cultural Conflict Mediation." Three potential targets for long-term acquisition were listed—all traditional small deities with depleted cash flow but solid believer bases.

He sent the materials to the designated interface of Lingxiao Capital. The interface displayed, "17th in the review queue, expected feedback within 48 hours."

Then he closed the system and opened another document.

This document was not for submission to any rating agency.

Filename: "Analysis of Mo Feigong's Illegal Asset Correlation and Deduction of Short-Selling Feasibility."

Mo Feigong. The real name registered by Mr. Mo in the Divine Realm Financial Regulatory Commission's chain.

The thirty-two clues from Boss Qian, the four red-marked items in the encrypted memory, and the "17.3% backlash rate" heard with his own ears at the entrance of the Summer Palace cave—Lin Yuan input all the fragments from these three days into one spreadsheet, drawing association lines one by one, just like he did when short-selling that traditional deity's financial report three months ago.

Late on the first night, he drew the first layer of logic:

The vein-locking nail is the only power supply line for the ten thousand infant banner. Evidence: The physical layout of the seven nails surrounding the small banner at the Summer Palace cave entrance, and the doctor's words: "The imbalance between the Earth-Vein vitality and resentful soul energy extracted by the vein-locking nail and the container's containment and conversion efficiency."

The vein-locking nail installation agreement was signed in the name of Li Cian, but after penetrating the funding chain three layers deep, the actual controller was a shell company controlled by Mo Feigong. Evidence: Boss Qian's notes.

Mo Feigong has not dared to personally hunt down Lin Yuan to this day because Lingxiao Capital has implemented "abnormal transaction restrictions" on all divine status accounts under his name. Evidence: The middle-aged man in the tea room's own words.

These three layers of logic form a closed triangular loop:

Mo Feigong has illegal assets, he desperately needs to use these assets, but he cannot legally access them.

—Why?

Because Lingxiao Capital is watching him. Because once he touches those Earth-Vein vitalities extracted by the vein-locking nail and refined into the ten thousand infant banner, the regulatory chain will sound an alarm.

Therefore, the massive amount of energy stored in the ten thousand infant banner has become "paper wealth" he can never cash out.

Lin Yuan stared at this conclusion, his pen hovering at the edge of the screen for a long time.

Then he wrote down the first line of short-selling logic:

Mo Feigong's core risk exposure is not a lack of force, but a liquidity crunch.

The next day, he began to fill in the second layer.

People with a liquidity crunch usually take one of three paths:

First, sell assets at a low price. Second, high-interest borrowing. Third, take a desperate risk.

Mo Feigong chose the third path. The blood sacrifice node of the Crimson Feast, stealing the ning-shen jade, accelerating the ritual refining, the "living banner transfer" mentioned by the doctor—all these were desperate risks.

But Lin Yuan did not want to describe his madness.

What he wanted was evidence—evidence that could be accepted by the Divine Realm Financial Regulatory Commission and sufficient to trigger an "Illegal Asset Mandatory Freeze Order."

He reopened the four red-marked items in the encrypted memory.

First item: vein-locking nail installation agreement, already used.

Second item: Li Cian's research funding project, associated with The Chess Player, temporarily unusable.

Third item: Twenty years ago, Mo Feigong acquired the divine status of a bankrupt small deity through three overseas shell companies, split it into twelve "faith expected return certificates," and sold them in a bundle. Three years later, the deity fell due to loss of believers, all twelve certificates defaulted, and investors lost a total of 870,000 standard faith units. Because the issuer had fallen, this case has not been held accountable to the actual controller to this day.

Fourth item: Fifteen years ago, Mo Feigong, in the name of the "Earth-Vein Maintenance Foundation," issued a ten-year green faith bond, raising 2.3 million, promising to use it to repair seventeen damaged Earth-Vein nodes nationwide. When the ten years expired, the foundation was deregistered, none of the seventeen nodes were repaired, all bonds defaulted, and investors had no recourse.

Lin Yuan stared at this for a long time.

This is not short-selling logic.

This is a criminal history.

He dragged the third and fourth items out separately and began to dismantle them item by item: time, subject, funding chain, related persons, and the whereabouts of assets after default.

At 4:00 AM, he called Boss Qian on the Lingxiao communication device.

"Help me check two companies," he said. "Overseas, registered twenty years ago, main business is the securitization of divine status assets. I need their board of directors list, liquidation reports, and the current professional status of all personnel who served there."

Boss Qian was silent for three seconds.

"Brother, whose grave are you trying to dig?"

"Someone who should have been forcibly delisted fifteen years ago," Lin Yuan said.

On the evening of the third day, when the notification that the rating materials had passed the review arrived, Lin Yuan had just finished drawing the sixth version of the short-selling logic map.

[Lingxiao Capital · Divine Profession Asset Standardization Rating Center]

[Evaluation Object: Lin Yuan / God of Ruins]

[Comprehensive Rating: BBB (Outlook Stable)]

[Summary of Evaluation Opinions]

· Divine Profession Innovation: S (Scarce track, current rigid demand, clear expansion potential)

· Faith Quality: A- (High concentration of single-point aspiration power, repurchase rate not counted as it's less than a year)

· Risk Control Capability: B- (No stable protection power, no hedging mechanism, clear threat from opposing parties)

· Financial Robustness: CCC+ (Net assets are negative, cash flow barely covers short-term debt)

[Conclusion: Recommended for inclusion in the "High Growth Potential Deity Incubation Pool," with a credit limit of up to 300 faith points, requires sufficient collateral/pledge]

Lin Yuan glanced at the credit limit and closed the interface.

Three hundred points. Enough to pay off ten installments of divine breath.

But that is not what he wants now.

He opened the file package Boss Qian had just sent back—a complete penetration report of those two overseas shell companies from twenty years ago.

Board of directors list, page two, line four.

Mo Feigong, shareholding ratio 31%, Position: Investment Consultant.

Lin Yuan dragged this piece of evidence into the "Core Correlation" block of the short-selling logic map.

Then he pulled up the prospectus for the green faith bonds from fifteen years ago and found the "Earth-Vein Maintenance Technical Consultant" column.

The signature was scribbled, but recognizable.

Li Cian.

Lin Yuan's fingers hovered for three seconds.

—She didn't know.

Twenty-one years ago, she was used by Mo Feigong to sign the vein-locking nail agreement. Fifteen years ago, she thought she was just endorsing a "public welfare project for Earth-Vein restoration" and signed a recommendation.

She didn't know that not a single cent of that 2.3 million faith green bond went to the Earth-Veins from start to finish.

She didn't know that on the day the "Earth-Vein Maintenance Foundation" was deregistered, Mo Feigong used that money to complete the second stage of refining the ten thousand infant banner.

She didn't know her own signature had been nailed to Mo Feigong's balance sheet for the second time.

Lin Yuan closed the file.

He did not tell Dr. Li.

He placed the bond prospectus from fifteen years ago, the list of board members of the shell companies from twenty years ago, and the record of regulatory failure where "investors had no recourse" side by side on the thirty-two-inch virtual screen.

Then he began to write.

Not writing a short-selling plan.

It was writing a thirty-one-page "Report on the Evidence Chain Regarding Mo Feigong's Suspected Long-term Systematic Fraud and Illegal Misappropriation of Faith Assets," which could be submitted to the Divine Realm Financial Regulatory Commission.

—In the capital market, this is called a "short-selling report."

Three months ago, he used a short-selling report to counter-kill a traditional deity who was hunting him.

Three months later, he used the same methodology to turn the blade toward the person who was still carving a name into his soul seal.

5:47 AM.

Lin Yuan typed the title of the last chapter of the report:

Chapter 8: Emergency Motion on Immediately Freezing All Associated Accounts of Mo Feigong and Initiating Mandatory Liquidation Procedures.

He saved the document, backed it up in three copies, and stored them in an offline storage device and two encrypted cloud spaces respectively.

It was already bright outside the window.

Divine debt countdown: 14 days, 6 hours.

After three days of staying up late and high-pressure deduction, the soul seal activity rebounded to 49%.

Lin Yuan leaned back in his chair and closed his eyes for three seconds.

Then he opened the Lingxiao communication device and sent a message to the middle-aged man in the tea room:

"The short-selling report is finished. What is the fastest way to get through the audit rating line?"

Six minutes later, a reply arrived.

"Tomorrow at 3:00 PM, W.X. wants to see you."

Lin Yuan did not ask for the location.

At 2:55 PM the next day, he stood in an old industrial area in the north of the city waiting for demolition, surrounded by rusty gantry cranes and abandoned freight rails.

An unmarked black sedan drove from the end of the tracks and stopped three meters in front of him.

The car door opened from the inside.

In the back seat sat an old man in a dark gray sweater, his temples completely white, his eyelids drooping. On his lap was an old edition of "Chronicles of Urban Earth-Veins," the spine cracked and taped with transparent tape.

No tea room, no projector, no third person.

Lin Yuan got into the car, and the door closed.

The old man did not look up, flipping a page of the book.

"Your short-selling report," he began, his voice more aged than Lin Yuan had imagined, "send me a copy."

Lin Yuan placed the encrypted memory on the armrest box in the center of the back seat.

The old man did not pick it up immediately.

He was still looking at the page.

"Do you know where she is today?"

Lin Yuan knew who this "she" was.

"The clinic," he said.

"At this time, she is seeing patients," the old man's tone had no fluctuation, "The patient is a seven-year-old boy, suffering from spiritual energy poisoning, his pupils have already started to dilate. She takes in thirty such cases every year, and fewer than ten survive."

He paused.

"Twenty years ago when she first left home, I had people follow her for half a year. I thought she would go to a big spiritual hospital, enter a research institute, use the things I taught her to climb to the top of the industry, and then come to question me."

"She didn't."

"She rented a shop on that old street with no house number and hung up an old storm lantern that had been extinguished for twenty years. The first patient was an old man collecting scraps, spiritual energy eroded his legs, and he needed an amputation. She treated him for four months and saved them."

The old man turned the book to the next page.

"She never treats minor illnesses."

Lin Yuan was silent.

The old man finally looked up.

Those eyes were completely different from what Lin Yuan had imagined. Not the sharpness of a capital hunter, not the coldness of a chess player.

They were the eyes of someone who had looked at the Earth-Veins for seventy years, and also looked at everything he had built with his own hands and pushed over with his own hands for seventy years.

"That motion in Chapter 8 of your report," the old man said, "before it is submitted, she will receive a copy."

It wasn't a question; it was a statement.

Lin Yuan didn't ask why.

He knew why.

Twenty-one years ago, she signed that green bond.

Fifteen years ago, when the bonds defaulted, the foundation was deregistered, and investors lost everything, no one told her.

Now that there is a short-selling, she has the right to know before the whole world—that her own name was written in the "Collaborator" column of that balance sheet for the second time.

"How do you intend to tell her?" the old man asked.

Lin Yuan thought for a long time.

"I will tell her," he said, "that when she signed that recommendation letter fifteen years ago, she thought she was helping the Earth-Veins."

The old man did not respond.

Outside the car window, the abandoned tracks shone with a rust-red light in the afternoon sun.

"Three days from now," the old man closed the book, "the internal hearing of the Divine Realm Financial Regulatory Commission. You will attend as the 'primary evidence provider,' with twenty minutes for your statement. Mo Feigong will not be present, but his lawyer will."

"The goal is to strive for a 'temporary asset freeze order'," the old man looked at Lin Yuan squarely for the first time, "You only have twenty minutes. Those seven people on the committee have heard more criminal histories than you have seen clients. They don't care how many evil artifacts Mo Feigong has refined or how many people he has harmed."

"What they care about is—after freezing him, whether the illegally occupied Earth-Vein vitality can be recovered, clearly divided, and re-entered into the market."

Lin Yuan did not ask "who does it belong to after it's recovered."

He heard his own heartbeat steady.

"I can prove it," he said, "Every degree of Earth-Vein energy extracted from the vein-locking nail has a record in the regulatory chain. He installed the doctor and data tablet at the entrance of the Summer Palace cave."

The old man nodded slightly.

The car door was pulled open from the outside.

Before getting out of the car, Lin Yuan asked a question he hadn't asked anyone else:

"Twenty-one years ago, when you knew she signed that agreement, it was already too late to stop it, right?"

The old man's fingers paused on the spine of the book.

For a long time.

"The day after she signed it," he said, "I sent that withdrawal statement to her clinic."

"When I sent it, I didn't know she would sign it."

The wind from outside the car window blew in, ruffling the pages.

Lin Yuan did not ask again.

He got out of the car and walked into the 3:00 PM sunlight.

Behind him, the black sedan drove away silently.

He stood by the abandoned tracks, opened the Lingxiao communication device, and looked at the gray avatar noted "Dr. Li" in his contact list.

The cursor blinked for a long time.

He typed five characters:

"I will come to see you on Wednesday."

Send.

Three minutes later, a reply arrived.

"Okay."