Second Life Forums Archive - What are Ginko Bonds worth?

Qie Niangao

Coin-operated

Join date: 24 May 2006

Posts: 7,138

09-08-2007 09:06

From: Uvas Umarov

Ponzi Operator: [...]In lieu of payment we will be giving you the interest in the equivelent amount of more ginko "bonds".

I really don't think that's gonna happen, because then there'd be no way to convince anybody that these bonds are worth anything at all. (And then it really will be the end of this thread--reason enough to predict it won't happen.

)

Although Ginko Guy doesn't own any GPBs (as far as we can confirm), he must have an interest of some sort in keeping them alive, or all the trouble of converting the bank deposits would have been for naught. I suppose it's possible that by Oct 1, whatever purpose GPBs served him will be fulfilled--but I can't come up with a plausible scenario in which that's true. So, I expect he'll liquidate enough assets to pay that dividend. What happens after that, though, is anybody's guess, and presumably depends on the "hope springs eternal" effect of freshly gullible investors.

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

09-08-2007 09:19

From: Qie Niangao

I really don't think that's gonna happen, because then there'd be no way to convince anybody that these bonds are worth anything at all. (And then it really will be the end of this thread--reason enough to predict it won't happen.

)

Although Ginko Guy doesn't own any GPBs (as far as we can confirm), he must have an interest of some sort in keeping them alive, or all the trouble of converting the bank deposits would have been for naught. I suppose it's possible that by Oct 1, whatever purpose GPBs served him will be fulfilled--but I can't come up with a plausible scenario in which that's true. So, I expect he'll liquidate enough assets to pay that dividend. What happens after that, though, is anybody's guess, and presumably depends on the "hope springs eternal" effect of freshly gullible investors.

Or payments will be "delayed" becuase of "liquidity problems" which are amplified by the "Negative press" , etc.

Can always blame someone else with the way its all set up now.

---------------------------------------------
Please Note -

the bank run wasnt the result of fund mismangement, poor investments, or a lack of transperency.

The run was cuased by depositors who balked becuase of rumors.

... SUPOSEDLY

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

09-08-2007 09:19

From: Dzonatas Sol

If you are wrong and even a little bit is paid, are you willing to match what is paid?

Um....no?

_____________________

"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

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

09-08-2007 09:21

From: Dzonatas Sol

If you are wrong and even a little bit is paid, are you willing to match what is paid?

Yeah cuase that makes sense - make someone who had nothing to do with perpetrating the scam pay becuase Nick might come up with a fraction of the money he actually owes people.

Brodsky Zapedzki

Registered User

Join date: 30 Mar 2007

Posts: 337

09-08-2007 10:27

From: Qie Niangao

I really don't think that's gonna happen, because then there'd be no way to convince anybody that these bonds are worth anything at all. (And then it really will be the end of this thread--reason enough to predict it won't happen.

)

LOL

Cristalle Karami

Lady of the House

Join date: 4 Dec 2006

Posts: 6,222

09-08-2007 10:38

He isn't going to liquidate anything to pay what he owes; it just makes the water rise in his boat a little faster if he does. I cannot wait for Oct 1 to see what happens. I would not be surprised at all if he issues more bonds as payment of the dividend.

Dzonatas Sol

Visual Learner

Join date: 16 Oct 2006

Posts: 507

09-08-2007 10:46

From: Colette Meiji

Yeah cuase that makes sense - make someone who had nothing to do with perpetrating the scam pay becuase Nick might come up with a fraction of the money he actually owes. people.

Nah.

If they really know that nothing will be paid as they say, they have nothing to lose to agree to match what is paid.

Just like the topic asks, what's it worth?

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

09-08-2007 10:57

From: Dzonatas Sol

Nah.

If they really know that nothing will be paid as they say, they have nothing to lose to agree to match what is paid.

Just like the topic asks, what's it worth?

This is not circular logic, its merry-go-round logic.

Strife Onizuka

Moonchild

Join date: 3 Mar 2004

Posts: 5,887

09-08-2007 14:25

It's time to start a new topic. This one has gotten too long to read and know whats going on.

_____________________

Truth is a river that is always splitting up into arms that reunite. Islanded between the arms, the inhabitants argue for a lifetime as to which is the main river.
- Cyril Connolly

Without the political will to find common ground, the continual friction of tactic and counter tactic, only creates suspicion and hatred and vengeance, and perpetuates the cycle of violence.
- James Nachtwey

Gordon Wendt

404 - User not found

Join date: 10 May 2006

Posts: 1,024

09-09-2007 18:21

From: Strife Onizuka

It's time to start a new topic. This one has gotten too long to read and know whats going on.

continued here:

/327/d6/209550/1.html#post1670050

_____________________

Twitter: http://www.twitter.com/GWendt
Plurk: http://www.plurk.com/GordonWendt

GW Designs: XStreetSL

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

09-09-2007 18:47

I'm gonna miss you, thread

_____________________

"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

Justin Slade

Registered User

Join date: 6 Feb 2007

Posts: 132

09-10-2007 11:23

Is it time to buy???...GINKO down to .07 cents. Just think if it even goes back to .20cents..your gain.

I had alot of stock in Ginko and it's sitting there in Bonds. Makes me sick to see it go that low, BUT, it mat also be a good investment.

Call me stupid, but this would only be my 2nd time getting screwed. Third time ain't going to happen.

Wilhelm Neumann

Runs with Crayons

Join date: 20 Apr 2006

Posts: 2,204

09-10-2007 11:29

From: Justin Slade

Is it time to buy???...GINKO down to .07 cents. Just think if it even goes back to .20cents..your gain.

I had alot of stock in Ginko and it's sitting there in Bonds. Makes me sick to see it go that low, BUT, it mat also be a good investment.

Call me stupid, but this would only be my 2nd time getting screwed. Third time ain't going to happen.

Why would you risk buying a bond to a company that essentially closed its doors due to what ammounted to bankruptcy. Even if it wasn't a scam that would be the ultimate risk it would be like investing in peny stocks on the off chance that they would pay off. I have a spouse that did that I was not impressed. Suffice it to say that we had a good argument over that and the 10,000 dollars never yielded a cent. This is no different even if there was no scam it would be such a wrong thing to do everything inside me screams no don't. Just based on the fact that the bank had to close, force these things on investors who didn't actualy want them and the value of a single bond will possibly and maybe pay off say in 5-9 years? Will SL even exist then?

Please anyone who wants to do this send me the lindens instead at least they will be kept ingame and used for content creation and making cool stuff

gimme! ^^

_____________________

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?

What are Ginko Bonds worth?
Qie Niangao Coin-operated Join date: 24 May 2006 Posts: 7,138	09-08-2007 09:06 From: Uvas Umarov Ponzi Operator: [...]In lieu of payment we will be giving you the interest in the equivelent amount of more ginko "bonds". I really don't think that's gonna happen, because then there'd be no way to convince anybody that these bonds are worth anything at all. (And then it really will be the end of this thread--reason enough to predict it won't happen. ) Although Ginko Guy doesn't own any GPBs (as far as we can confirm), he must have an interest of some sort in keeping them alive, or all the trouble of converting the bank deposits would have been for naught. I suppose it's possible that by Oct 1, whatever purpose GPBs served him will be fulfilled--but I can't come up with a plausible scenario in which that's true. So, I expect he'll liquidate enough assets to pay that dividend. What happens after that, though, is anybody's guess, and presumably depends on the "hope springs eternal" effect of freshly gullible investors.
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	09-08-2007 09:19 From: Qie Niangao I really don't think that's gonna happen, because then there'd be no way to convince anybody that these bonds are worth anything at all. (And then it really will be the end of this thread--reason enough to predict it won't happen. ) Although Ginko Guy doesn't own any GPBs (as far as we can confirm), he must have an interest of some sort in keeping them alive, or all the trouble of converting the bank deposits would have been for naught. I suppose it's possible that by Oct 1, whatever purpose GPBs served him will be fulfilled--but I can't come up with a plausible scenario in which that's true. So, I expect he'll liquidate enough assets to pay that dividend. What happens after that, though, is anybody's guess, and presumably depends on the "hope springs eternal" effect of freshly gullible investors. Or payments will be "delayed" becuase of "liquidity problems" which are amplified by the "Negative press" , etc. Can always blame someone else with the way its all set up now. --------------------------------------------- Please Note - the bank run wasnt the result of fund mismangement, poor investments, or a lack of transperency. The run was cuased by depositors who balked becuase of rumors. ... SUPOSEDLY
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	09-08-2007 09:19 From: Dzonatas Sol If you are wrong and even a little bit is paid, are you willing to match what is paid? Um....no? _____________________ "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
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	09-08-2007 09:21 From: Dzonatas Sol If you are wrong and even a little bit is paid, are you willing to match what is paid? Yeah cuase that makes sense - make someone who had nothing to do with perpetrating the scam pay becuase Nick might come up with a fraction of the money he actually owes people.
Brodsky Zapedzki Registered User Join date: 30 Mar 2007 Posts: 337	09-08-2007 10:27 From: Qie Niangao I really don't think that's gonna happen, because then there'd be no way to convince anybody that these bonds are worth anything at all. (And then it really will be the end of this thread--reason enough to predict it won't happen. ) LOL
Cristalle Karami Lady of the House Join date: 4 Dec 2006 Posts: 6,222	09-08-2007 10:38 He isn't going to liquidate anything to pay what he owes; it just makes the water rise in his boat a little faster if he does. I cannot wait for Oct 1 to see what happens. I would not be surprised at all if he issues more bonds as payment of the dividend.
Dzonatas Sol Visual Learner Join date: 16 Oct 2006 Posts: 507	09-08-2007 10:46 From: Colette Meiji Yeah cuase that makes sense - make someone who had nothing to do with perpetrating the scam pay becuase Nick might come up with a fraction of the money he actually owes. people. Nah. If they really know that nothing will be paid as they say, they have nothing to lose to agree to match what is paid. Just like the topic asks, what's it worth?
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	09-08-2007 10:57 From: Dzonatas Sol Nah. If they really know that nothing will be paid as they say, they have nothing to lose to agree to match what is paid. Just like the topic asks, what's it worth? This is not circular logic, its merry-go-round logic.
Strife Onizuka Moonchild Join date: 3 Mar 2004 Posts: 5,887	09-08-2007 14:25 It's time to start a new topic. This one has gotten too long to read and know whats going on. _____________________ Truth is a river that is always splitting up into arms that reunite. Islanded between the arms, the inhabitants argue for a lifetime as to which is the main river. - Cyril Connolly Without the political will to find common ground, the continual friction of tactic and counter tactic, only creates suspicion and hatred and vengeance, and perpetuates the cycle of violence. - James Nachtwey
Gordon Wendt 404 - User not found Join date: 10 May 2006 Posts: 1,024	09-09-2007 18:21 From: Strife Onizuka It's time to start a new topic. This one has gotten too long to read and know whats going on. continued here: /327/d6/209550/1.html#post1670050 _____________________ Twitter: http://www.twitter.com/GWendt Plurk: http://www.plurk.com/GordonWendt GW Designs: XStreetSL
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	09-09-2007 18:47 I'm gonna miss you, thread _____________________ "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
Justin Slade Registered User Join date: 6 Feb 2007 Posts: 132	09-10-2007 11:23 Is it time to buy???...GINKO down to .07 cents. Just think if it even goes back to .20cents..your gain. I had alot of stock in Ginko and it's sitting there in Bonds. Makes me sick to see it go that low, BUT, it mat also be a good investment. Call me stupid, but this would only be my 2nd time getting screwed. Third time ain't going to happen.
Wilhelm Neumann Runs with Crayons Join date: 20 Apr 2006 Posts: 2,204	09-10-2007 11:29 From: Justin Slade Is it time to buy???...GINKO down to .07 cents. Just think if it even goes back to .20cents..your gain. I had alot of stock in Ginko and it's sitting there in Bonds. Makes me sick to see it go that low, BUT, it mat also be a good investment. Call me stupid, but this would only be my 2nd time getting screwed. Third time ain't going to happen. Why would you risk buying a bond to a company that essentially closed its doors due to what ammounted to bankruptcy. Even if it wasn't a scam that would be the ultimate risk it would be like investing in peny stocks on the off chance that they would pay off. I have a spouse that did that I was not impressed. Suffice it to say that we had a good argument over that and the 10,000 dollars never yielded a cent. This is no different even if there was no scam it would be such a wrong thing to do everything inside me screams no don't. Just based on the fact that the bank had to close, force these things on investors who didn't actualy want them and the value of a single bond will possibly and maybe pay off say in 5-9 years? Will SL even exist then? Please anyone who wants to do this send me the lindens instead at least they will be kept ingame and used for content creation and making cool stuff gimme! ^^ _____________________ 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?

Welcome to the Second Life Forums Archive

What are Ginko Bonds worth?