Brazil is a drug distribution center, not a drug production center. Drugs are made in Colombia and Bolivia, not Brazil.
This is the first verifiable fact Nick has dropped on us in this whole thread!
I think we've made some progress!
These forums are CLOSED. Please visit the new forums HERE
What are Ginko Bonds worth? |
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SqueezeOne Pow
World Changer
Join date: 21 Dec 2005
Posts: 1,437
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08-14-2007 14:41
Brazil is a drug distribution center, not a drug production center. Drugs are made in Colombia and Bolivia, not Brazil. This is the first verifiable fact Nick has dropped on us in this whole thread! I think we've made some progress! _____________________
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 |
Wilhelm Neumann
Runs with Crayons
Join date: 20 Apr 2006
Posts: 2,204
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08-14-2007 14:46
Does anyone else find that as ironically hilarious as I do? Yes and I am finding it beyond strange that Mr P (whose name I can never get right cause it makes my brain hurt) is on these forums still. I'm wondering if he's doing this as a lark right now most of the stuff being said by Mr P. is so umm silly and I could use a stronger word but I wont that it makes me wonder if this is just him posting just to have a laugh at the reactions. Anyhow just my two cents. I think its turned into some kind of strange experiment or something to him. The guy from eve who made the film had more class and even though it was a scam I was more impressed by his methods of leaving a video behind and going poof. This guy he posts the samet hing everyday and everyday we post the same responses and find more holes and everyday it become more obsurd and less likely that anyone will ever see a dime. I"m wondering if he is just hanging around as he manages to get the money out of SL so he posts to keep up appearances or something as there is a limit on what he can move in a day. LIkely he is using alts to do this as well as I"m pretty sure that he main account is flagged and any known alts so maybe he is waiting for the risk api to let him cash out. This is about the only explanation at this point that makes sense to me.. _____________________
I know the competition that will come along someday is learning from LL's mistakes. But do they have to make so many? |
Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 14:48
I'm pretty sure the money was long gone by the time Ginko closed its doors.
_____________________
"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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SqueezeOne Pow
World Changer
Join date: 21 Dec 2005
Posts: 1,437
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08-14-2007 14:49
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? I have uncovered some new info about where Ginko invested... -The video game industry (bought a PS3) -The automotive industry (bought a dune buggy <pretty popular in Brasil> ![]() -The music industry (bought a nice sound system for said buggy) -The oil industry (buggies don't run on magic!) -The communications industry (poppa need a new camera phone!) -The service industry (a cachaca nao vai se beber e esta gatinha nao vai pagar a garsonete!) ...as you can see he has a quite diverse portfolio. ![]() But seriously, Nick, it would be better for you to just stop now while you're only slightly behind. Every time you post you just seem shadier and shadier! _____________________
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 |
Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-14-2007 15:29
This guy he posts the samet hing everyday and everyday we post the same responses and find more holes and everyday it become more obsurd and less likely that anyone will ever see a dime. A dime is pretty much guaranteed by Ginko Financial's HCL, HCB and BNT holdings. |
Colette Meiji
Registered User
![]() Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 15:38
A dime is pretty much guaranteed by Ginko Financial's HCL, HCB and BNT holdings. Evidently something to be proud of. ![]() |
Flix Saiman
Registered User
Join date: 19 Dec 2006
Posts: 150
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08-14-2007 16:12
new bank opening.. every Linden you send to me.. ill guarntee its worth .11 .. yes .11 That is 10% more than ginko finacial is offering.. wait.. ill tell you what.. you act now .. and put in 10k linden or more.. Ill guarntee your money is worth .20.. yes thats right a whopping .20.. thats 100% A FULL 100% better than ginko. (Dont wait.. act now while I can still pull off this scam.. er Investment idea. ) You too can be duped.. er hoodwink.. er fooled.. er part of this amazing program. Oh .. and on the off chance I dont want to pay you the .20 Ill just issue you fake paper that is worth 1/20th of the actual value and the laugh my way to the bank.... wooot.
(wtb this guys scam .. my god this was one of the better scams i have ever run across.. i wonder if it will be a feature on Criminal Masterminds?) |
Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-14-2007 16:14
This is the first verifiable fact Nick has dropped on us in this whole thread! I think we've made some progress! LMAO _____________________
"Proud member of the anti-ginko busy body committee"
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Colette Meiji
Registered User
![]() Join date: 25 Mar 2005
Posts: 15,556
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08-14-2007 16:16
new bank opening.. every Linden you send to me.. ill guarntee its worth .11 .. yes .11 That is 10% more than ginko finacial is offering.. wait.. ill tell you what.. you act now .. and put in 10k linden or more.. Ill guarntee your money is worth .20.. yes thats right a whopping .20.. thats 100% A FULL 100% better than ginko. (Dont wait.. act now while I can still pull off this scam.. er Investment idea. ) You too can be duped.. er hoodwink.. er fooled.. er part of this amazing program. Oh .. and on the off chance I dont want to pay you the .20 Ill just issue you fake paper that is worth 1/20th of the actual value and the laugh my way to the bank.... wooot. (wtb this guys scam .. my god this was one of the better scams i have ever run across.. i wonder if it will be a feature on Criminal Masterminds?) You have a point If Nick had just kept One dollar for every Five he was given and did nothing with it - He could have given people a better deal than they got. |
Carl Metropolitan
Registered User
Join date: 7 Jul 2005
Posts: 1,031
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08-14-2007 16:33
That is true, many of the investments are not in SL. They are still vulnurable to attack. Translation: "Still vulnerable to being attached by judgements against me." |
Cristalle Karami
Lady of the House
![]() Join date: 4 Dec 2006
Posts: 6,222
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08-14-2007 16:53
Translation: "Still vulnerable to being attached by judgements against me." |
Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-14-2007 16:55
Translation: "Still vulnerable to being attached by judgements against me." Indeed, very clever. ![]() _____________________
"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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Nika Talaj
now you see her ...
![]() Join date: 2 Jan 2007
Posts: 5,449
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Only in SL
08-14-2007 18:25
I had been avoiding Ginko threads, not personally being involved. But what a mistake, this is a melodrama! The howling villagers, the fat cat lolling on the balcony above them, untouchable, sipping his B&B and tossing off the occasional enigmatic statement ... Cameras! Action!
I am nonplussed as to why Mr. Portocarrero is bothering to respond, when he has the option to not even look at the forum. I would love anyone's take on that ... including yours of course Nick ... Certainly Nick is not convincing anyone of anything here ... and he certainly appears savvy enough to not have that expectation, he really isn't trying. Nor is he saying anything that will help anyone else ... is he? The only reason (other than masochism) that I can see for his particiapation is purposeful distraction ... is something else going on that forum folks should be paying attention to, rather than playing with Nick here? Is there any sort of deadline that investors should be working on meeting? Or something they should be moving to stop? *puzzled* What am I missing here? |
FD Spark
Prim & Texture Doodler
![]() Join date: 30 Oct 2006
Posts: 4,697
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08-14-2007 18:44
A dime is pretty much guaranteed by Ginko Financial's HCL, HCB and BNT holdings. The thing is they were worth more before you switch them to bonds. Thank you for creating example of who not to trust. My one friend is disabled she spent months saving 37500 so she could go buy land for her own virtual home. Another trusted with your company with at any given time over 95k in lindens. People trusted Ginko. What did your company do with the trust they changed them into bonds and refused to repay what was deposited. The money is called fictional. 95k in bonds is worth 15000 in fictional dollars. But your company doesn't care that you've violated the trust in many people. Thing is there lot of more talented people who never rip anyone off who've never even gotten 1 percent of recognition Ginko got. You guys didn't deserve one tiny bit of it. No one going to do a thing to you other then bad mouth you because who going to pay for class action suit against Ginko, WSE, and Lindens Labs? No one. So you got off with lot of money. You said you didn't use any of it but then you don't have it either. Now no one who banked with you does either. I am just glad I didn't trust you with my deposit and got it back when I could in spite of all these friend and people in know who knew better who told me to trust ginko and deposit my stipend and earnings in your bank every week. But I am upset for my friends who didn't get out months ago. |
Rudolph Ormsby
Registered User
Join date: 31 Oct 2006
Posts: 142
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Chips away....
08-14-2007 18:57
Mr C has established (quite clearly I think) that:
- the money (or at least a large part of it) still exists in "investments" - other people are involved Okay - who is involved? You (Mr C) don't have to give a name (please don't), but what is the nature of the involvement - what is their role in all of this? What on earth is stopping you from just walking away from this disaster? What is the incentive? Can you still make money out of this? Or, perhaps - have you actually lost some of your money in this, and is some of your money (and everyone else's ) tied into the same "investment"? More importantly, if some of the investment is SL land related (or not), does this mean you are currently STILL paying for other liabilities (such as tier) instead of paying your account holders? Cos if that is the case, you REALLY should consider being "received" by an independent party so that people can get back their pro rated investments, no matter how small, from the liquidisation of your assets. |
Inyur Orbit
Registered User
Join date: 20 Nov 2006
Posts: 34
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08-14-2007 19:36
Calling people names is fun, isn't it? Are you able to specifiy which lie I told? No Nic, i personally would not want to be in your shoes at this time, it's not pleasant..but all i can do is ask you polite as possible, please i need my money many days ago. That is no lie..because calling you names does not get my money any faster. |
Inyur Orbit
Registered User
Join date: 20 Nov 2006
Posts: 34
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08-14-2007 20:33
But then again, we can do a DIG on some insight i neglected to believe..now i believe.
Dated: November 20, 2005 http://www.secondlifeherald.com/slh/2005/11/anshe_declares_.html |
Raynor Hammerer
Linguistic Rabbit
![]() Join date: 21 Feb 2007
Posts: 404
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08-15-2007 00:51
More importantly, if some of the investment is SL land related (or not), does this mean you are currently STILL paying for other liabilities (such as tier) You might want to visit the Von Mises sim. |
Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-15-2007 02:46
Regarding our interest rate: At the moment we can afford this rate [my note: 75% per annum] with the profits of the currency exchange operation. As we diversify into other businesses and grow our capital in this one, we will lower the rate. Our long term (18 months) goal for it is 3% a month, and our really long term (36 months) goal is 1% a month. We would love being able to provide 0.2% a day forever, but it's just not possible. We will keep the rate a bit high for a while though. Unless investors demand we lower it, in which case we will just pocket more of the profit, which is fine by us really. If you're wondering where that quote came from it's from this thread here: So the long term goal as stated by Ginko in June 2005 was to pay 1% per month... well, gee whizz, that's exactly what GBP bonds are nominally yielding: 12%. So rather than calling the recent developments and debt securitisation a fiasco for Ginko you could in fact say that Ginko have achieved one of their publicly stated goals 10 months earlier than planned. And as people who achieve goals deserve a pat on the shoulder I'll be the first to say it: Well done, Ginko! ![]() |
Raynor Hammerer
Linguistic Rabbit
![]() Join date: 21 Feb 2007
Posts: 404
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08-15-2007 04:33
Just read in the German part of the forum that Ginko has made it into a local German newspaper ...
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-15-2007 05:03
Acorrding to the latest blog, all Ginko depositors are screwed. LL will do nothing about this fiasco.
As they say, if it looks too good to be true, it probably is ![]() P.S. Nic, where is the money invested? _____________________
"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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Qie Niangao
Coin-operated
![]() Join date: 24 May 2006
Posts: 7,138
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08-15-2007 05:58
You might want to visit the Von Mises sim. Von Mises is held in the name of BnT, so I don't know if that means Ginko's share of it is the same as Nic's percentage ownership of BnT, or if different BnT assets have different ownership proportions, or if Nic's ownership of BnT is partially Ginko and partially some other entity, so the extent of Ginko's Von Mises exposure is not entirely clear--as with all Ginko investments. Someone else may assess Von Mises differently, but personally I would be unable to devise a business plan for generating positive cash-flow from this build. If this exemplifies Ginko investments, I'd be looking elsewhere for a return. |
Talarus Luan
Ancient Archaean Dragon
Join date: 18 Mar 2006
Posts: 4,831
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08-15-2007 09:09
I think it is also quite ironic that one of the things Ponzi wanted to do to "pay back his depositors" was to invest their money into buying a decommissioned warship and turn it into a floating shopping mall...
..and what do we see in the Von Mises sim? An aircraft carrier that has stalls for vendors! (OK, so I don't know for a fact that it actually has vendor spots on it, but...) Irony; it is what is for breakfast.. and lunch.. and dinner.. and.. |
Raynor Hammerer
Linguistic Rabbit
![]() Join date: 21 Feb 2007
Posts: 404
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08-15-2007 09:15
Good thing I'm not the only one who has noticed this similarity ...
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Rudolph Ormsby
Registered User
Join date: 31 Oct 2006
Posts: 142
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08-15-2007 09:47
I have a question..... and what leads me to this question is the stated illiquidity of Ginko's "investments".......
Q. If you invest in a SL stock exchange, such as WSE or Avix, and say you buy ALL the shares in one of the listed companies, do you actually become the owner of that company's assets? Cos if you don't get the assets, then isn't the stock exchange just a sort of bank, where shares may or may not pay interest in the form of dividends, but where your deposit can go down based on the market, and has no actual value at all? Just asking..... |