On May 30, 2007, affected by the adjustment of stamp duty, the Shanghai and Shenzhen stock markets were greatly adjusted, and the potash put warrants began to be speculated on the same day. It never went up from less than one yuan that day. On May 29th, it was only 0.844 yuan per serving, but it soared to 8.05 yuan on June 4th. On May 30th and 3rd1,the Shenzhen Stock Exchange implemented two consecutive intraday emergency suspensions, which did not suppress the rampant selling of potassium.

In fact, it is impossible for salt lake potash fertilizer to fall below the exercise price, that is, the warrant value is 0.

In this regard, the management has repeatedly issued warnings to remind the risks.

On June 22nd, the last trading day, this warrant, which started to sing and dance wildly on May 30th, still didn't stop going crazy before the curtain call.

In the morning, potash plunged 33% after the opening, and then soared 70%. The rally did not come to an abrupt end until 1 hour before the close. During the ups and downs, the whole-day turnover rate of potash put warrants was as high as 174 1.2%, and the total turnover reached 125 billion yuan.

At the close, the warrant was quoted at 0. 107 yuan, which did not reach its due value (lowest price) of 0.00 1 yuan.

This means that the holder would rather accept the fact that he lost all his money than sell it. If calculated by the final closing price, a total of 65.438+200 million shares of potassium were sold, which means that 65.438+02.84 million yuan of wealth was abandoned (0.107× 65.438+200 million shares). In fact, the cost of the ultimate holder is much higher than the final closing price, and the wealth abandoned is far more than that.