You are a liar.
Calling people names is fun, isn't it? Are you able to specifiy which lie I told?
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What are Ginko Bonds worth? |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:31
Calling people names is fun, isn't it? Are you able to specifiy which lie I told? |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 12:31
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. There is no reason he could not provide a Disclosure that provided enough confidentiality to protect agaisnt that problem. For eaxmple: $1000 USD Invested to start-up (name redacted) Website - Current estimated value $800, Liquid value $300 $1000 USD Deposted in Money Market Account (name Redacted ) Current amount in account 800$ And of course - $1000 USD - Services of Agent (name Redacted ) $1500 USD - VIP memebership at (name redacted) Strip Club $20,000 USD - Purchase off lease of 2006 (name redacted) automobile. |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:32
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. How can you possibly say that when you have absolutely no idea what these "investments" are? _____________________
"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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Noam Sprocket
Gritty Kitty
Join date: 25 Jan 2006
Posts: 157
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08-14-2007 12:32
There is no reason he could not provide a Disclosure that provided enough confidentiality to protect agaisnt that problem. For eaxmple: $1000 USD Invested to start-up (name redacted) Website - Current estimated value $800, Liquid value $300 $1000 USD Deposted in Money Market Account (name Redacted ) Current amount in account 800$ And of course - $1000 USD - Services of Agent (name Redacted ) $1500 USD - VIP memebership at (name redacted) Strip Club $20,000 USD - Purchase off lease of 2006 (name redacted) automobile. Even if he did that you'd all say "well I need names!" |
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Noam Sprocket
Gritty Kitty
Join date: 25 Jan 2006
Posts: 157
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08-14-2007 12:33
How can you possibly say that when you have absolutely no idea what these "investments" are? How can you say they are attack free if they are off secondlife? Same logic. Both of us are guilty. |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 12:34
Calling people names is fun, isn't it? Are you able to specifiy which lie I told? I am - The one where you said you were not a Ponzi And for bonus points - the one where you claimed to have a conscience |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:34
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? As a general rule, I don't trust other banks. However, I did invest in one (Allenvest Financial). Ginko Financial still has 2mil stuck there. 2) Have you created another one of these banks yourself? No. 3) What percentage of the other banks do *you* think are scams? Do you think other people are running Ponzi schemes in Second Life? It's likely. I don't know what percentage. I would guess about half are ponzis, but that is only a guess. |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:35
How can you say they are attack free if they are off secondlife? Same logic. Both of us are guilty. I never said damage couldn't be done. You said they could be more easily damaged off-line. Perhaps you are in the know on these supposed "investments"? _____________________
"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 12:35
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. You don't know what you are talking about. But thanks for giving us a time frame as to when you can do that; that actually gives us something to use for valuation. You're welcome. |
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Noam Sprocket
Gritty Kitty
Join date: 25 Jan 2006
Posts: 157
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08-14-2007 12:37
I never said damage couldn't be done. You said they could be more easily damaged off-line. Perhaps you are in the know on these investments? Ahaha, nope. But that totally made my day. |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 12:38
There is no reason he could not provide a Disclosure that provided enough confidentiality to protect agaisnt that problem. For example: $1000 USD - Services of Agent (name Redacted ) $1500 USD - VIP memebership at (name redacted) Strip Club $20,000 USD - Purchase off lease of 2006 (name redacted) automobile.  _____________________
"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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08-14-2007 12:38
Even if he did that you'd all say "well I need names!" No I wouldnt. I might question some of his valuations, but I would accept that he may need to keep some actual names confidential. However for investments where the confidentiality was not necessary they could be listed. For example if he took some of the money and put them into a real life, managed fund in his name he could say that. Its called being accountable. When you are responsible for people's money - its something they expect and deserve. When you F*&k up with people's money - its something they demand. |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:46
No I wouldnt. I might question some of his valuations, but I would accept that he may need to keep some actual names confidential. However for investments where the confidentiality was not necessary they could be listed. For example if he took some of the money and put them into a real life, managed fund in his name he could say that. Its called being accountable. When you are responsible for people's money - its something they expect and deserve. When you F*&k up with people's money - its something they demand. That would be very strange of you, seeing as you think I'm a con man. Couldn't a con man just make some numbers up to satisfy your demands? If you cannot verify the numbers they are worth nothing. You know this. |
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Plato Cochrane
Registered User
Join date: 25 Oct 2006
Posts: 234
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08-14-2007 12:47
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. Your outside investments wouldn't be something like a field of poppies growing in Brazil would they? |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 12:53
That would be very strange of you, seeing as you think I'm a con man. Couldn't a con man just make some numbers up to satisfy your demands? If you cannot verify the numbers they are worth nothing. You know this. Besides the fact that a lot of the reason I think you are a Con man is you wont provide any disclosure? ------ First -not all of your investments would need to have complete confidentiality. Second - then people would know where you CLAIM the damn money is, instead of just a Nebulous "Invested" Third - you could reveal much of the confidential aspects to a thrid party that could verify your claims, without having to reveal to everone what they are. Your claim is you need complete confidentiality over the bulk of the Investments you made on behalf of people - WHY? What possible BS reason do you have that you would let your business fall to such an extent, if the money was actually invested? |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 12:55
Your outside investments wouldn't be something like a field of poppies growing in Brazil would they? Brazil is a drug distribution center, not a drug production center. Drugs are made in Colombia and Bolivia, not Brazil. |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 13:02
That would be very strange of you, seeing as you think I'm a con man. Couldn't a con man just make some numbers up to satisfy your demands? If you cannot verify the numbers they are worth nothing. You know this. I personally think you are a con man because you won't disclose where the money is... oh, plus the fact that no one can get their money back from you  _____________________
"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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Gordon Wendt
404 - User not found
Join date: 10 May 2006
Posts: 1,024
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08-14-2007 13:02
Brazil is a drug distribution center, not a drug production center. Drugs are made in Colombia and Bolivia, not Brazil. One of the reasons I'm glad there are no drugs (other than Snow Crash ) in SL, no distribution issues._____________________
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 13:04
One of the reasons I'm glad there are no drugs (other than Snow Crash ) in SL, no distribution issues.There are always the copy/no copy and transfer/no transfer issues. _____________________
"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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Plato Cochrane
Registered User
Join date: 25 Oct 2006
Posts: 234
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08-14-2007 13:28
Brazil is a drug distribution center, not a drug production center. Drugs are made in Colombia and Bolivia, not Brazil. I didn't know that, thank you. I guess what I'm asking is are the investments you've made legal in the country in which you reside? Even though you are unable to tell us specific companies, would you be able to disclose which industries you invest in? |
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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-14-2007 13:41
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. Except that that'll never happen, because the bonds will never trade above 0.80. |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 13:47
I didn't know that, thank you. I guess what I'm asking is are the investments you've made legal in the country in which you reside? Even though you are unable to tell us specific companies, would you be able to disclose which industries you invest in? Some people have speculated he invested in Porn Sites .. I have to wonder about though - Since those are legal , why not disclose that? Or is he afraid people dont want to be associated with Sites like that - better to just steal their money instead. |
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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 14:19
Except that that'll never happen, because the bonds will never trade above 0.80. Which means that each depositor is guaranteed a 20 percent loss, unless they wait long enough to collect it in dividends. |
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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 14:27
You don't know what you are talking about. |
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SqueezeOne Pow
World Changer
Join date: 21 Dec 2005
Posts: 1,437
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08-14-2007 14:40
As a general rule, I don't trust other banks... Does anyone else find that as ironically hilarious as I do? _____________________
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 |
