Good Hope Ltd. is a retail brokerage headquartered in New York and specializing in penny stocks of companies listed in US markets.
finance
Description
Good Hope Ltd. is a retail brokerage headquartered in New York and specializing in penny stocks of companies listed in US markets. Aerotyne Industries is a very small, family-owned company manufacturing seats for helicopters and is owned by two brothers, whose sister is the wife of the owner of Good Hope Ltd. During a family gathering, the owner of Good Hope Ltd proposes to Aerotyne’s owners to take their company public; his plan is to initiate an aggressive cold-calling scheme, which will involve his brokers calling potential clients to inform them on Aerotyne’s positive prospects and asking them to buy Aerotyne’s shares. He is also mentioning to Aerotyne’s owners that they can make money from this, as long as they do not sell their shares before he tells them to do so. Upon their agreement, the scheme begins to take place in January 2020, with Aerotyne going public at the price of 1 USD per share.
