What are Ginko Bonds worth?

Maybe the plan was to eliminate all the interest owed to the depositors. Ginko knows or should know how much was actually deposited and how much was compounded interest. Maybe it was designed to release itself from ever paying the interest obligation. There are your "fictional deposits" right there. The only monkey wrench to this whole thing is the inability to buy the bonds back at less than face value. Granted, this can still be done through alts, but if it was unrestricted, it would have been a perfect crime.

Nicholas is still in there trying to bail out the bond holders. If he were going to take the money and run he would be selling not buying. This whole saga will make very interesting reading a year from now unless it is still where it is now.

August 18, 2007 Nicholas Portocarrero Buy 16,667

Edited to tell you where that buy exists. That is HCL stock on the WSE.

Forgive me, but how exactly does buying more HCL bail out bondholders?

He is trying to increase the revenue from his investments to pay the bondholders interest. He has also added to his HCB holdings recently just not in the last 2 days. If he were trying to stiff the bondholders he would be selling assets to remove from the game and run.

Although he can, theoretically, run, I think he's made it pretty clear that he's not going to. I've never said that he IS going to run. Why should he, when you consider the blind faith that so many people here have?

I can only hope that it's a good investment, I haven't looked at Hope Capital's books.

If that is too wild, then the existence of the Thurston Hallard account probably is too wild to mention. The motives are similar, but it doesn't match NP's motives. =)

I have been finding out alot on this whole scam... It would seem that the person who owns Ginko (Can't post info here) who claims hes from some other country is really from the Good old USA.... RI to be exact. And not only that but also seems to have a business partner in real life who's information I just happen to get a hold off. Since you can't post that kind of info here there is nothing in the rule book that says I can't post a link to the info....

http://www.manta.com/coms2/dnbcompany_82s87

This company is a partner of that owner in fact I think he may work for them or for that matter it may be in fact him with his real life business. So for all those people who have been speaking with their lawyers.... Nows your chance. By the way for anyone who would like to track all this info... Just do alot of digging into the whois info for the two... yes thats right I said two domains Mr Ginko owns.

The Internet and search agents are a wonderful thing! Enjoy!

I'd like to know exactly how many depositors there were in Ginko and what the average on deposit is?

Be interesting to know how much posters on this thread had in the bank? Lets see I had about 300L. OMG I'm gonna sue!

I can't help but think the whole thing is absurd. Virtual money in a Virtual World, deposited into a fictional back and held by a fictional stock exchange.....then fictional gambling with fictional money is banned causing a run on a fictional bank.

LL should be a fictional Bank Guarantor.


We should fight for our fictional status. I'm going to go buy bonds. Maybe another 300L worth.

"BUY WAR BONDS." Lets have a run on buying bonds. That would be fun, really muck up Forbes analysis. Lets drive those prices higher! I mean really higher.

Thanks for the link. Here is another one, read the very last entries. http://virtuallyblind.com/2007/07/28/commentary-ginko-financial-is-a-fraud/

I noticed the plug on the side; that the article is sponsored by Kaneva.

The blog site is.

Theres other advertizers too, for example when I loaded the screen the sponser is something named "Zilo"

I dont see the issue?

Coca Cola regularily advertizes on CNN, does that mean CNN is biased towards Coca Cola?

Sorry, I was away on vacation for a few days, so I did not get to respond back on this until now..



Umm. dude. I NEVER accused anyone (except NP and Ginko, anyway) of anything. Get your facts straight. All I said in relation to you is that (some) of your facts and assertions were wrong. As Cristalle pointed out, nothing more than you have done yourself to others.

I am interested in the truth because I KNOW the truth. The truth of the matter is that a bunch of people are screwed because they invested in a stupid Ponzi scheme, which has now collapsed, yet the perpetrator keeps playing everyone as much as he can to see if he can whitewash and spin dry his "record". Every con man's wet dream.. to come up with a scheme so cunning that he not only gets away with the money, he comes out of it smelling like a rose to boot.

You can go right on ahead and spin whatever I say however you want, though. I'm happy to leave my words standing as they are (and they stand just fine, thanks! ).



Somehow I doubt you're anymore here for a solution than I am. There is no solution outside of Nick P coughing up US$750,000 worth of cash to repay his obligations in full or liquidating and paying out.

All this BS about bonds and market prices is just that; BS. The MONEY STILL has to come from SOMEWHERE. Putting it into the market like it has been means that people can optionally throw up their hands and say "I give! Gimme pennies on the dollar so I can exit this Ponzi!", or get some other suckers to come in and throw good money after bad in a vain attempt to bail out the existing depositors-cum-bondholders. Everyone seems to be living in this dream world where GPBs get to their face value in the market. How is that going to happen? Hmm? WHO is going to buy that many of them and on WHAT pretense? Because they think Ginko is going to be able to keep paying the interest on them? Because Ginko is now investing its money wisely and has become a trustworthy, respectable organization </blindfaith>? What will motivate the market to make this miracle come to pass? I'm sure Ginko would like to know, too!



Yes, it is easy to show contrasts in invented hypotheticals based on comparing out-of-context quotes. Go go gadget misdirection!



Oh, I see. It's not enough for me to show evidence and proof and be "wrong", yet you can just make the simple claim and be "right". Wow. That's .. incredulous.



Like I said, it is one of these:

1) NP/Ginko magics up the missing US$750k and pays everyone off.
2) Victims release their claims on what they are owed (for pennies on the dollar, if that).
3) Everyone plays in a sandbox market and donates to the "victim relief fund", allowing them to cash out before NP/Ginko runs out of money to pay the interest payments for the bonds.

This nonsense about "buying time" for Ginko's investments to mature so he can pull them out and fulfill his obligations is ridiculous. It presumes heavily that the investments a) exist in the first place (doubtful), and b) will have sufficient returns to make good all obligations (EXTREMELY doubtful).

Oh, come on.

Refresh the page. Note how the ad changes? They are called BANNER ADS, and they have nothing to do with with the specific content on the page. Welcome to the intarwebs.

Ginko bonds are worth nothing. They are not securities; they are not backed by an institution, and cannot be redeemed for cash.

We'll see how much they're worth after his first interest payments are due. If he simply issues more bonds, then yes, they're worthless.

He will (issue more bonds);

Give me ONE good reason WHY he should put money into this ?

Because, its NOT his money?

He owes depositors 750,000 US.

He is in debt.

He is welching on paying people their money back by issueing worthless "bonds".

It reminds me of RL economy, the total US debt is:

8,977,544,096,497 USD

That may seem like alot, but it's realy not much, total derivatives (assets that are not backed by ANYTHING of value) that are in market at this moment are about:

500,000,000,000,000 USD

So the derivatives to debt ratio is about 55, perhaps ginko should issue new products: GPB options, GPB warrants and GPB futures... should we keep similar rate as rl he should then issue a total of:

10,780,000,000,000 L$ worth in derivatives around his debt.

USD is the worst ponzi of alltime!

Depends- If he manages to get back enough bonds at pennies on the dollar (through surrogate means) before the interest is due, hes likely to pay the interest off from the inworld assets.

The Us dollar isn't a ponzi scheme, its a measure of weight

Federal reserve notes are neither federal nor a note, and have nothing in reserve but more pieces of paper.

Hehe, well ok but that "measure of weight" only measures weight if there is growth, should the growth disappear or the growth turn negative the value would shrink (just like in a ponzi, continous growth is required for a ponzi to survive, continous growth is required for USD to keep it's value... in other words neither a ponzi does have a value nor does USD or both have a value).

Example: federal reserve sets prime rate at a %, should the economical growth outperform this rate the value of the USD will rise, if it does not meet it it will decline in both growth and value.

Similar example in a ponzi scheme: ponzi manager sets a interest rate %, should the growth in members outperform this rate the value of this ponzi would rise, if it does not meet it, it will decline in both growth and value.

Thats why i am saying Ginko is not and will never be a ponzi sheme, he simply stole all the dirty tricks from the "federal" reserve, because most people don't view that as a ponzi

Yeah, something like that, I agree. The October 1 dividend is a bit under L$6 million--only a small dent in "Ginko Guy's" in-world capital holdings. He can keep carving out pieces of the capital for a long time, as long as it suits his purposes of stringing along GPB investors, perhaps long enough to launch yet another scheme, or long enough that he thinks the Linden transaction trails are cold enough or complicated enough to make cashing-out relatively safe. Each quarter, it'll be L$6 million (less any dividends he's paying back to bond-holding alts)--like US$20K or so. That'll probably get tiresome eventually, though.

No, the dollar is a measure of weight, like a pound or an ounce or a ton. It is usually reserved for the measurement of precious metals like gold or silver.

If you are familiar with bullets, you will know that the amount of gunpowder in a given bullet is measured in grains. So, a US dollar is exactly 412.5 grains of silver. for comparison, an ounce is exactly 437.5 grains. So a dollar is slightly smaller than an ounce.

A half dollar weighed exactly one half of a dollar, and a quarter weighed 1/4 of a dollar, and a dime weighed 1/10th of a dollar. See how nice that is?

Everyone has been filled with propaganda that a dollar is some sort of other thing, tied to debt, or growth or some other such nonsense. This is mainly the doing of the federal reserve. They back their fiat currency like ginko backs their bonds , with nothing.

A precious metal based currency is our only guard against these sorts of scams.

There is no longer enough gold and silver in the world to back the US dollar.

The world economy has simply balooned too much, simple inflation fueled by population growth.

When trying to get a handle on the population explosion -

It helps to remember that more than 1 in 10 people who have ever lived are alive today.

World Population has more than Doubled since 1960.

I prefer one backed by pork belly futures. Seriously, whichever precious metal one were to choose (except perhaps Plutonium), there will be a warm welcome in Beijing for the president of whichever impoverished African country has the most reserves.