Let alone how Hao Jianguo searched for this non-existent mastermind, it was already September 1st, the day for the fourth phase of Western Wild Horse Fund, and simultaneously, the public sale day for the online fund.
At this moment, not only the buyers of Western Wild Horse Company but also the entire financial circle were paying extreme attention. Everyone wanted to know what kind of appeal this brand new product could generate.
At 10 AM on September 1st, the online subscription channel for the Western Wild Horse Fund was officially opened.
According to the external announcement of the Western Wild Horse Fund, the total issuance of the fund this time was 40 billion US dollars, which was 10 billion US dollars more than the previous total of 30 billion US dollars. This figure directly made Western Wild Horse Fund the 6th ranked independent fund project globally in terms of total fund amount, and Western Wild Horse Fund itself became the 23rd ranked fund enterprise globally.
Among this, 28.2 billion US dollars was not open to the public and was specifically designed to reward old users. All users who had previously purchased funds but were unwilling to claim their phased returns would have their fund quotas automatically converted into the fourth phase fund with a total amount of 28.2 billion US dollars.
This portion did not require subscription; it was directly claimable by old users, which made countless old users rejoice and many new users envious.
This was because they had to participate in the subscription to compete for the remaining 11.8 billion US dollars in subscription quota.
The specific subscription rules had a slight change compared to the third phase, but overall they remained the same.
Starting from 10 AM on September 1st, the Western Wild Horse Fund would officially open its subscription channels. Users who wished to subscribe would first need to open their Western Wild Horse bank accounts and then transfer sufficient US dollars into them.
After that, they would click the subscribe button, enter the amount they wished to subscribe, and the system would freeze the equivalent amount of funds in the Western Wild Horse Bank.
The entire process would last for 24 hours. Subscription would stop after 24 hours, and on the morning of September 2nd, the system would automatically distribute the quotas based on its algorithm.
That's right, this was the biggest change compared to the third phase; the subscription method had changed from a lottery to automatic proportional distribution.
Previously, the third phase relied on luck for the lottery. As long as one was lucky, even with only 1,000 US dollars, they could get a ticket. If they were unlucky, even investing 10 million US dollars would yield nothing. However, by the fourth phase, this rule had completely changed to proportional distribution.
This meant that the total subscription amount raised within 24 hours would first be calculated. If this total amount was less than 11.8 billion, then naturally everyone would receive the amount of fund they desired.
However, if the total amount exceeded 11.8 billion, then the proportion of each person's subscribed amount in the total amount would be calculated, and then this proportion would be multiplied by the total sum of 11.8 billion to proportionally distribute the 11.8 billion funds.
Upon the announcement of this rule, the internet was immediately divided into two factions.
Some people strongly supported this rule because they believed it was an absolutely fair policy. Although the previous luck-based policy sounded fair, in reality, many people willing to pay could not buy the funds. These people were probably the most supportive of this policy this time.
Because once this policy was announced, they would at least get the opportunity to purchase funds. At the same time, this policy had almost no amount limit; one could join with as little as 10 US dollars, and with 100 US dollars, they could receive a proportional amount of fund.
Since the fourth phase was calculated entirely based on real-time returns and proportional distribution, with a complete set of system programs responsible for the entire budgeting work, completely abandoning the old method of manual operation, the calculation was very simple.
This way, it was no longer necessary to divide the fund into integer portions to make the calculation relatively simple. This time, even if the calculated number included decimal places beyond the first digit, it would be calculated, and the distribution would be made according to this data.
Of course, Western Wild Horse Fund stated that if there were indeed cases with more than three decimal places, they would all be rounded to two decimal places, and the rounding rule would not be standard rounding but always rounding up. The excess fees would be borne by the fund company, which completely solved the complex problem and truly achieved a no-threshold entry qualification where even 10 US dollars could purchase funds.
However, this also led to opposition from many people. In their view, with the entry threshold becoming extremely low and the method of equal distribution, people holding a large amount of capital would not be able to obtain enough of the fund, thus reducing their share.
Well, these two groups of people argued endlessly online, each fiercely debating to gain more subscription quota. However, such arguments did not worsen the public opinion of Western Wild Horse Fund. Instead, it made more people believe that Western Wild Horse Fund was truly going to make a fortune this time.
After all, these people were not arguing about whether to buy Western Wild Horse's online fund, but because they couldn't buy enough quota of the online fund. This clearly indicated the problem.
Oh, and some people also expressed that Western Wild Horse Fund should not only give one day for subscription. Many people had not completed their preparations, and they should be given more time.
As a result, these people were all vehemently attacked by both factions. At this point, they united together and stated that one day was enough because there were eight days of preparation time beforehand. If they didn't prepare during these eight days,
coming here now to complain about the short time was pure stupidity.
At 10 AM on September 1st, massive traffic surged into the server room of Western Wild Horse Fund almost simultaneously. However, perhaps because Western Wild Horse Fund had anticipated network issues and made preparations in advance, the entire website only lagged for no more than two minutes before becoming smooth again. Users saw the confirmation message of successful subscription and also saw their funds frozen in their accounts, unable to move.
However, they also received a website prompt stating that for the security of their funds, users were advised not to shut down their computers or disconnect from the internet until they received a confirmation email.
Most people naturally complied with this prompt, and everything went smoothly. It was so smooth that many financial institutions did not overthink the network issues and instead desperately tried to find out the subscription quota.
However, Western Wild Horse Fund did not disclose this data. Even when Hao Jianguo secretly called Xiao Swift to inquire, Xiao Swift's phone was turned off.
When he called the company's official number, the line was busy. Finally, he got the private number of a receptionist and was informed that Xiao Swift and the company's executives were staying in the workstation for the entire duration, and all staff members' mobile phones had been confiscated.
Only the customer service and front desk staff were allowed to keep their personal phones due to work needs. However, they would not know the data of this internal battle within the company. The company also stipulated that no one was allowed to inquire, otherwise they would be treated as spies.
Helplessly, Hao Jianguo had to give up on making phone calls. Although Hao Jianguo could go to the company headquarters to check, it would be too obvious, and the risk of exposure would be greater if problems arose later. It was not worth it.
However, Western Wild Horse Fund did not keep people waiting for too long. At 10 AM on the morning of September 2nd, Western Wild Horse Fund successfully announced the data, shocking everyone.
According to the announced data, within 24 hours, a total of 213.2 billion US dollars in subscription funds were frozen. Thus, the overall subscription ratio reached an astonishing 20:1.
Only 5 US dollars out of every 100 US dollars could be successfully subscribed.
At the same time, Western Wild Horse Fund also issued an announcement stating that there was a system downtime during the calculation process, which caused some data to be lost. Those funds that were clicked for subscription were not successfully frozen and were instead unfrozen.
Therefore, they were giving users another day. Everyone could log back into the network to check their fund accounts. If a previously frozen fund account was now unfrozen, it meant that the freezing was unsuccessful. They could resubscribe today through supplementary subscription, but this was limited to users who had previously subscribed but whose freezing was unsuccessful.
As a result, a large number of office workers rushed to find ways to use their computers to access the website and check if their funds were frozen.
Then, by the morning of September 3rd, the final subscription funds increased from 213.2 billion US dollars to a terrifying 236.8 billion US dollars. The ratio changed from 20 times to 22 times, astonishing everyone in the financial institutions.
There was as much as 236.8 billion US dollars wanting to purchase a fund. Where did so much money come from? It was probably drawn from the stock market!
Could it be that the stock market crash this morning was caused by you guys?
Facts proved that in addition to funds from the stock market, all short-term lending institutions in the United States were winning big. This was because many people, in order to use more money to subscribe for more shares, chose to take out short-term loans with high interest rates for just a few days.
This way, after the subscription ended and the frozen funds were unfrozen, they could immediately repay the money without affecting the subscription shares they had already obtained.
So, although this would incur some interest, it was only a short-term loan for a few days. The interest was insignificant compared to the historical profits of Western Wild Horse Fund!
After all, the former might have at most 1% interest, while the latter's profit exceeded 50%! Not to mention that this online fund actually reduced the consistently high fund agency fees of Western Wild Horse Fund, allowing them to earn more! Indeed, opportunities always go to those with brains.