The HQ Financial Group officially announced three days later that due to the inability to repay the loan from Morgan Bank, coupled with their insolvency, they were filing for bankruptcy!
When one snowflake fell, the second snowflake, the third snowflake... began to fall.
Massachusetts Public Utilities Commission rejected Boston Edison Company's stock split application.
This caused Boston Edison Company's stock price to begin plummeting.
Subsequently, the Steel Company's stock split plan was also rejected...
The stock market seemed to be developing in a direction no one expected.
Some investors began to panic.
More and more financial newspapers began to join the ranks of those pessimistic about the current financial market.
The Standard Statistics Company's Standard Trade and Securities Department, on October 7, made a hazardous prediction: We expect ordinary stocks to tend towards lower prices in the coming months.
