Thursday, October 25, 2007

WSE Traders 'Funds'

No, there's still is no new news (is it the 19th of October yet?) but there have been some changes around the market in the last few days without announcement...
Namely, LukeConnell Vanderverre and the WSE Traders Fund are now major shareholders in some new companies. The positions of these two entities is extremely interesting:

  • LukeConnell Vanderverre
    • Hope Capital Limited (HCL), well known until now, but the stake is now 21.51%
    • Real Life Investment Fund (RLX) 200,000; 20%
  • WSE Traders Fund (WTF)
    • Hope Capital Limited (HCL) 8,800,000; 34.03% (Nicholas Portocarrero's old position)
    • Action Mortgage & Investments (AMI) 402,156; 20.11%
    • Hope Capital Bond Issue (HCB) 6,093; 9.04% (another of Nicholas's positions)
    • Sun Media Consultants (SUN) 127,616; 5.32% (Lukes old position)
LukeConnell also held a strong position with now delisted Greyhound Builders (GBU), which probably means he will benefit from the WSE Traders Fund also.

All this looks like the "clean up" that LukeConnell spoke to me about a few days ago. (GPB) is still listed on the WSE and seems will stay that way until any of Ginko's outstanding assets are liquidated (don't hold your breath).

What do I think about these moves? All seems to be adding value to the 'fund' that has been getting negative coverage since it's first inception last week.
As we have been predicting the strength of the market, which has returned this week, the growth of many of the listed companies and the handling of shady so-called "CEO's" and just plain old fraud; I just can't say enough, get in before the masses, this place is going to GO OFF!

Sincerely,
Logansan Oh
- CEO, Chairman

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