What are Ginko Bonds worth?
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 11:55
From: Nicholas Portocarrero Exactly what I said I would, I invested. Cool - Now tell people what the investments are? ... Cmon Nick you can do it .. ------------------------------------------------- Most people have been able to get out of you is a lil less than 50 Million L worth ... wheres the other 140?
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 11:56
From: Cristalle Karami Yes, you are a crook. You converted people's money - loaned to you - into an instrument which does not require you to pay them back, and signaled by your strong objection to the WSE restriction that you had really had no intention of paying them back in full, if at all. Forget the interest - no intent to pay back the principal in full is what makes you a crook. That's absolute nonsense.
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 11:57
From: Nicholas Portocarrero I haven't "taken advantage" of anyone. hahahahhahahahhahaha You should do Stand Up! If you hit the big time maybe you can pay everyone back.
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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08-14-2007 11:58
From: Nicholas Portocarrero That's absolute nonsense. The only nonsense is the "investments" that you put the money into that are so devalued/underperforming that you can't liquidate them and pay people your depositors back.
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 11:59
From: Nicholas Portocarrero That's absolute nonsense. ROFL LMAO OMG! stop Nick give me a minute to stop laughing. Forget getting a lawyer - Get an Agent! I can see it now, Up in Lights P O N Z I MAN!!!!!!! coming to a town near you. Youll be bigger than Borat.
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 11:59
From: Colette Meiji Cool - Now tell people what the investments are? ...
Cmon Nick you can do it ..
------------------------------------------------- Most people have been able to get out of you is a lil less than 50 Million L worth ... wheres the other 140? I have my reasons not to tell the public what those investments are, beyond what I already have. That you are unwilling to accept the possibility that those reasons might be legitimate, is not my problem.
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:01
From: Colette Meiji ROFL LMAO OMG!
stop Nick give me a minute to stop laughing.
Forget getting a lawyer - Get an Agent!
I can see it now, Up in Lights
P O N Z I MAN!!!!!!!
coming to a town near you.
Youll be bigger than Borat. I'll go back to ignoring you now.
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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08-14-2007 12:03
Okay, Nick - do you ever intend to pay back the principal in full? Yes or no. If so, when do you realistically think you can? Answer that straight - I know you probably won't...
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 12:08
From: Nicholas Portocarrero I have my reasons not to tell the public what those investments are, beyond what I already have. That you are unwilling to accept the possibility that those reasons might be legitimate, is not my problem. There is no reason that would justify you allowing your whole business to tumble like it did just to keep your secrets. Wheres the f&*^&  ^g money Nick?
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 12:10
From: Nicholas Portocarrero I'll go back to ignoring you now. Cool. But dont forget that Agent. three words - Pay Per View.
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SqueezeOne Pow
World Changer
Join date: 21 Dec 2005
Posts: 1,437
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Que Malandragem!
08-14-2007 12:11
From: Nicholas Portocarrero I have my reasons not to tell the public what those investments are, beyond what I already have. That you are unwilling to accept the possibility that those reasons might be legitimate, is not my problem. You're like a subject ninja! There's no question you can't dodge!! But yeah, I can see how investing in a new car or your own porn site would be a good reason to keep it quiet. Those types of investments are pretty risky!  Your "no I didn't" answers aren't enough, bro. You're not standing up for yourself by saying "I invested but I'm not going to tell you in what. You'll have to believe me." A bunch of "stupid people" as you essentially called them were believing in you when this whole thing happened. While I find this whole thing pretty amusing I still wonder how you can look yourself in the mirror. It might be pennies but the facts and your statements (or lack thereof) pretty much point to you robbing the ignorant and putting together some shell game to pretend to pay people back over the course of a few years. I used to think you could have honestly thought your business model would work out and was a legitimate attempt but after hearing your side of things I'm convinced you don't give a shit about any one of the people you conned.
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Semper Fly -S1. Pow
"Violence is Art by another means"
Visit Squeeze One Plaza in Osteria. Come for the robots, stay for the view!http://slurl.com/secondlife/Osteria/160.331/203.881
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:18
From: Nicholas Portocarrero I have my reasons not to tell the public what those investments are, beyond what I already have. That you are unwilling to accept the possibility that those reasons might be legitimate, is not my problem. WHAT POSSIBLE REASON CAN YOU HAVE FOR NON-DISCLOSURE? WORRIED THAT YOUR REPUTATION MAY BE TARNISHED?  WHERE IS THE DAMN MONEY!!!! YOU PONZI SCAMMER AND THIEF!!!!
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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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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:20
From: Cristalle Karami Okay, Nick - do you ever intend to pay back the principal in full? Yes or no. If so, when do you realistically think you can? Answer that straight - I know you probably won't... Yes. Being allowed to buy the bonds at market would allow me to repay everyone faster and at whatever discount to face value people were willing to take to get put in front of the line (which, as sellers, they are still taking even without my participation in the market). Without this, I still intend to repurchase all bonds. I estimate it will take 1 to 2 years to get this done.
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:21
Of course, there could be the reason he woun't say because he would be incriminating himself in any possible legal action. That would definately be a legitimate reason for not telling us where the money is... He can't come on here and actually say he stole the money.
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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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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:22
From: Uvas Umarov WHAT POSSIBLE REASON CAN YOU HAVE FOR NON-DISCLOSURE? WORRIED THAT YOUR REPUTATION MAY BE TARNISHED?  I'm not the only person involved. From: someone WHERE IS THE DAMN MONEY!!!!
Invested. From: someone YOU PONZI SCAMMER AND THIEF!!!!
No.
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Noam Sprocket
Gritty Kitty
Join date: 25 Jan 2006
Posts: 157
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08-14-2007 12:24
Hey, ginko share holder here. I'd rather Nick not divulge his investments. There are griefers who would take joy in f*cking them up for him. That would mean things would get f*cked up for me and my interests.
You guys can't honestly say that isn't a consequence of him disclosing that information.
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 12:25
From: Nicholas Portocarrero I'm not the only person involved.
LOL yeah you dont want people to know WHO you gave the money too. 
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:26
Invested where, you moron!
I seen you post a hundred times that it is "invested".
I've seen it in you website that it is "invested"!
Where the hell is the goddamn money!!!
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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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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:27
From: Uvas Umarov Invested where, you moron!
I seen you post a hundred times that it is "invested".
I've seen it in you website that it is "invested"!
Where the hell is the goddamn money!!! Invested.
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:27
From: Noam Sprocket Hey, ginko share holder here. I'd rather Nick not divulge his investments. There are griefers who would take joy in f*cking them up for him. That would mean things would get f*cked up for me and my interests.
You guys can't honestly say that isn't a consequence of him disclosing that information. His "investments" (and I use that term loosely) are not in Second Life, griefers are out of luck. But then again, so is anyone who gifted him money through his ginko ATM's 
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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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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:28
From: Nicholas Portocarrero Invested. You are a liar.
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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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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:29
From: Uvas Umarov His "investments" (and I use that term loosely) are not in Second Life, griefers are out of luck. But then again, so is anyone who gifted him money through his ginko ATM's  That is true, many of the investments are not in SL. They are still vulnurable to attack. I made the mistake of disclosing some that were in SL, a mistake which I will not repeat.
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Noam Sprocket
Gritty Kitty
Join date: 25 Jan 2006
Posts: 157
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08-14-2007 12:30
From: Uvas Umarov His "investments" (and I use that term loosely) are not in Second Life, griefers are out of luck. But then again, so is anyone who gifted him money through his ginko ATM's  Actually, just knowing my own abilities, if I was a griefer (and I'm not, I'm just a lowly developer) I could do more damage off game than on.
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Desmond Shang
Guvnah of Caledon
Join date: 14 Mar 2005
Posts: 5,250
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08-14-2007 12:30
From: Nicholas Portocarrero Yes. Being allowed to buy the bonds at market would allow me to repay everyone faster and at whatever discount to face value people were willing to take to get put in front of the line (which, as sellers, they are still taking even without my participation in the market). Without this, I still intend to repurchase all bonds. I estimate it will take 1 to 2 years to get this done. A few straight up questions for you. No accusations, just plainly curious. 1) Why didn't you invest in the other 'banks'? Clearly, if you can't deliver the returns and someone else *can*, why not let them? 2) Have you created another one of these banks yourself? 3) What percentage of the other banks do *you* think are scams? Do you think other people are running Ponzi schemes in Second Life?
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 Steampunk Victorian, Well-Mannered Caledon!
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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08-14-2007 12:30
From: Nicholas Portocarrero Yes. Being allowed to buy the bonds at market would allow me to repay everyone faster and at whatever discount to face value people were willing to take to get put in front of the line (which, as sellers, they are still taking even without my participation in the market). Without this, I still intend to repurchase all bonds. I estimate it will take 1 to 2 years to get this done. You can buy the bonds at market.... at 1L per bond. Any less reduces the amount of debt owed and is not a full repayment of the principal. Once the bond is bought, the debt is repurchased. Nice trick. But thanks for giving us a time frame as to when you can do that; that actually gives us something to use for valuation.
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