Large SL Bank update
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-09-2007 16:46
If Nic did that, the open market price would simply drop to .03 L each 
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"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-09-2007 16:50
From: Rocketman Raymaker What i dont understand is why they only get one bond per $L
If Nic was as honest as he say he is shouldnt he give them at least 5 per $l invested, then at least it would be kind of fair to current depositors.
And whats going to happen in 3 months time when he has to pay over $3million lindens as a dividend, thats over 10000US he has to come up with in 3 months.
I guess thats just all part of the Portocarrero scheme. He already responded on that when they were 100L for 100L balance when they were trading for 17 .. He thinks the face value means something. |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-09-2007 18:36
From: Colette Meiji
He thinks the face value means something.
I do. Because it does. |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-09-2007 18:37
From: Nicholas Portocarrero I do.
Because it does. w/t/f/e |
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-09-2007 19:29
From: Nicholas Portocarrero I do.
Because it does. LMAO
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"Proud member of the anti-ginko busy body committee"
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Talarus Luan
Ancient Archaean Dragon
Join date: 18 Mar 2006
Posts: 4,831
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08-09-2007 23:01
From: Colette Meiji He thinks the face value means something. Now now, the face value actually does mean something.. .. the problem is the cognitive dissonance caused by relating what Nick thinks it means to reality. |
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
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08-09-2007 23:02
oh wow, the thread got AR`d, what a suprise, 2nd? 3rd? 10th? thread so far he tried to close?  |
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VooDoo Bamboo
www.voodoodesignsllc.com
Join date: 4 Oct 2006
Posts: 911
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08-09-2007 23:05
Hes about to close this one too I bet. Funny SL staff has np controling these threads yet can't do much to fix anything else. Selecting fixing I guess.
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VooDoo DESIGNS www.voodoodesignsllc.com
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Wilhelm Neumann
Runs with Crayons
Join date: 20 Apr 2006
Posts: 2,204
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08-09-2007 23:06
From: VooDoo Bamboo Hes about to close this one too I bet. Funny SL staff has np controling these threads yet can't do much in world... hhhmmm he's nto sl staff he's a volunteer there in lies the rub lol he does his job and pretty well i think
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From: Raymond Figtree
I know the competition that will come along someday is learning from LL's mistakes. But do they have to make so many?
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
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08-09-2007 23:06
From: VooDoo Bamboo Hes about to close this one too I bet. Funny SL staff has np controling these threads yet can't do much in world... hhhmmm betting is banned *click*  |
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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08-10-2007 00:43
From: VooDoo Bamboo Hes about to close this one too I bet. Funny SL staff has np controling these threads yet can't do much to fix anything else. Selecting fixing I guess. The bashing was getting out of control on the other thread. Enough on this already. Let it sit for a while so the investors can get a percentage of their money out.
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Read or listen to some Eckhart Tolle. You won't regret it.
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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08-10-2007 02:39
From: Raymond Figtree The bashing was getting out of control on the other thread. Enough on this already. Let it sit for a while so the investors can get a percentage of their money out. You sound like a man who wants to buy their bonds at .10 on the dollar? |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-10-2007 07:04
If Ginko had the RW assets to justify the size of its Investor accounts - They could have disclosed them and slowed the Bank Run at any time.
The fact that they didnt and let the whole mess collapse to forcable sub-junk bond conversion is telling.
Even now if those RW assets (75% of Ginkos Assets remember) were worth anything, disclosing them would improve the bond price considerably.
The lack of Disclosure says one very clear thing, Nick doesnt want people to know what he did with the money.
Why is that?
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-10-2007 07:13
From: Nicholas Portocarrero
You are a bad person. Why? Because you want to lock me up. The only thing worse to a man than being locked up is being dead. You want to do this not because I commited some cruel crime, like running over an old lady, but because I have run my business in a way that, while entirely legitimate, does not please you. A way that makes you suspicious. People who caught the "something for nothing" bug are outraged when the risks involved in acquiring high returns materialize. Even when they materialize for other people. I'm not surprised.
The bottom line is that nobody has lost a single cent.
While I never said anything about locking you up (that was others); I did call you a scam artist. Which is true. Nick, people who run Ponzi Schemes go to Jail when found out. Although you'll probably get away with it becuase of the nature of SL. If you feel that makes me a bad person - so what? Its not like your opinion on right and wrong is worth a Ginko Junk Bond. |