Ginko Financial and WSE Joined At The Hip?
Speculation on Ginko Financial's problems and WSE's debacle have not really connected the two.
Until now. Guess who a major shareholder of Hope Capital is? Nicholas Portocarrero of Ginko Financial owns 34.82% of HCL stock - 9,000,001 shares. Valued at $2.15L per share, that puts the assets of Ginko in Hope Capital at $19.35 million Linden.
But also remember that Hope Capital will be eating the 980,000L loss and that the WSE trading has been halted until, perhaps, today. And with companies leaving WSE, it is understandable that stock will drop.
Looking at this information, it is unlikely that the troubles of Ginko Financial and WSE are a coincidence.
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