Ginko Financial and WSE Joined At The Hip?
Submitted by Nobody Fugazi on Sun, 07/29/2007 - 20:27.
Technorati Tags: Banks Business SecondLife Stock Exchange WSE Ginko Financial WSE stock exchange bank financial money metaverse 3d
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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Sorry about that. I
Sorry about that. I reposted here.
Looks the same.
10K limit, blahsy.
Oh, you must be logged in.
I just caught the link... mind posting the text over where others can see it?
Wow
That's one facinating piece of info, Mr. Fugazi. This whole thing just keeps getting uglier. It's interesting, it's news, and all of that, but it's still hard to see it go like it looks like it will because I'm hearing from a lot of ppl who are getting really worried about being unable to get their funds. And SL downtime/bugginess isn't helping on that front.
I have to be honest.
With about 500K Linden spread between the two, I am not comfortable right now. However, I understood that this was high risk investment - and I still believe that there is a chance that it can clear up, if WSE can get it's stuff running.
If they spent less time deleting messages from companies delisting, perhaps they would be done by now.
What should be apparent is that there is a need for the business practices to change. If the people involved cannot or will not change, the market will eat them up. And when the market eats them, there will be unhappy people who will remember the names of those involved.
Hey, the court cases are firing up, you know. Maybe you can get some work to help buy coffee for writing. :-)