Reply to comment

Update: Arbitrage Wise points out that Maelstrom denies involvement.

Yeah, you read correct. Ginko Financial is in IPO on AVIX. I don't know about this - it seems really shady to have an IPO on a competing exchange. This is especially true when Ginko Financial wrote the following in it's disclosure (emphasis mine):

You may have noticed that we have an investment in AIC, which owns a competing stock exchange to HCL, our main holding. As I looked into AVIX I was somewhat impressed by their system and decided to make a small trial investment. Our investment is and will remain small as we learn more about them and their CEO. As far as I can tell however, he seems like an honest, well intentioned and competent person. It's important to remember however that this is only my superficial impression, it should not be taken as charachter refference. Further investments into AIC are not high on the list of priorities, but the option has not been discarded.

Not high on the list of priorities, indeed - but given 2 listings on WSE - Ginko Currency Services (GCS) and Ginko Perpetual Bonds (GPB), as well as the fact that Ginko Financial has substantial investment in Hope Capital (WSE)... this looks like a bid to get quick cash to float the bank.

OK, I'll say it. It is a bid to get quick cash to float the bank - about 5 million Lindens. And the prospectus has no risk factors!

This is shady. This is ALL shady, especially considering the financial ties to WSE. How are investors going to get their return on investment? Is Ginko just going to start another brand of IPO as a service?

I must strongly wonder what AVIX staff were thinking by approving that IPO. Maelstrom Baphomet and Legolas Delgago have to have been on recreational drugs to allow this - but then, Maelstrom does keep saying that this is a game...

A game?

Will the real Slim Shady please stand up?