Ginko Financial

that is not a contradiction of my statement

The "That is news to me." is.

I have invested in Ginko, but to date, I have not heard from any agents soliciting me into any investments. I have not seen one in the Ginko group either. Could you have confused them with another firm?

The fact is, if Nicolas offered like 20% or less I don't think this would be an issue.

But 72%? Come on.. how stupid does he think we are?

Well Blaze I remember at a Ginko function Nicholas mentioned that this astronomical interest rate will not last and will steadily decline over the next months to a sustainable level. But I assume the high interest is paid to attract investors to a startup, and it makes sense, having such a high yield for an extremely high risk investment.

please don't misrepresent the sequence of events. your postings on the forum transpired after cyberland had requested a full withdrawal of it's funds.

with the volatility of the L$ that was occurring at the same time, it is safe to say anyone with large sums of money invested in Ginko would reconsider such an insecure investment. you might know exactly how secure it is, and need to keep it secret to protect your competitive edge. not knowing anything about what you do with the L$, you can not fault cyberland for deeming it insecure, thus withdrawing.

could i have confused you for an agent of ginko?

Having waded through this thread I have to say that I am dismayed to see a supposedly responsible member of SL deliberately striving to bring about financial damage to so many fellow residents.

Someone, furthermore, who has continually complained, both in the forums, in public and in private conversation, how hard done by they are and how people are always running them down and 'out to get them'...

It's also dismaying, though not at all unexpected, to observe Linden Lab in full 'hear no evil - see no evil mode'.

My own recommendation to anyone who shares my feelings about this spectacle is to:

1) consider your options carefully when renting or buying - there are still many alternatives to Anshe Corp.

2) invest in Ginko - no more than you can afford to loose, it's a high risk investment after all - but put something in to offset the people who will be scared out, as so obviously intended, by the thread originator.

3) if you are already an investor - as I am - think long and hard before surrendering to scare-mongering tactics.

I'm off inworld now to put something extra into my Ginko account, call it a gesture if you like, I can afford it, and it'll make me feel better to defy the originator of this thread

maybe some people don't invest but get payed in L$ balances?

Absolutely NO business I have ever heard of makes all it's money at startup.

If it did, there would be NO NEED to accept further investment.

Come on you guys, don't you see that he's paying the interest with the money people are investing?

I can't believe that you're all falling for this.

Since this has sidetracked a bit into Shaun's investment in Ginko, I am curious. Were the Cyberland shareholders aware that their money was invested in Ginko at the time?

I never knew or really had an opinion on Anshe Chung before all of this, and I really thought it distasteful when I would see people put up anti Anshe art, and do smear campaigns towards the company, and I thought it wrong of them. Though, when I see a company as big as Anshe Chung, launching a smear of their own, and so publicly, and distastefully, as some would say, I have seen the light, and I no longer think this way about Anshe, rather my view has shifted towards the negative towards Anshe Chung. Lets just wait till they try to start up a bank of their own, and you might see why this was done. But, of course, just my opinions and views, everyone has their own.

ANd Blaze, plenty of businesses do, which I just recently learned about in my business classes at school. I just had to take an introduction to Business, and well.. some do.

I'm a tiny tiny investor in cyberland. When I invested in cyberland, I asked Shaun if he had money in Ginko, he forthrightly told me at that time that excess cash was being deposited in Ginko.

Alrighty. I have started this thread to give you one chance to provide us with the necessary information/transparency and proove my fears wrong. Unfortunately, all your acting has only strenghtened my believe that you are running one Ponzi scheme.

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13 pages and no result. I will now leave this discussion, draw necessary conclusion and act accordingly.

If Ginko is one Ponzi scheme, then the actions of myself and other concerned SL residents may shorten its lifespan. If you currently have money at Ginko and do not believe that Nicholas is able to pay back all the money he borrowed from people, better cash out now.

If you believe Ginko is no Ponzi scheme, and you believe Nicholas is able pay back its creditors, you should not miss out on 85% interest. However, I believe this is one scam.

Don't say you have not been warned.

Name one business that starts generating excess cash flow immediately?

So you say. I asked you to purchase a public surety to demonstrate that you weren't going to run off with all your customers deposits. Why do you demand from others assurances you aren't willing to provide?

Nice threat; why don't you stop talking about it and do it? Then you might have a legitimate gripe instead of just a nasty, obvious, sleezy attempt to destroy a competitor through insinuation.

Your conduct here is nauseating.

Prostitution.

That is simply not true.

Excess is not the same as all, so no need for me to say anything. In the meantime, I hope we can see Anshe Chung's account in the police blotter for breaking TOS by a RL location of someone? Even a warning? Because I do hope that the SL system is a fair one, and reflects on everyone, no matter the holdings they might have in SL.

And nice to see that Anshe Chung has been reading everything, as someone had noted that the high interest rates might not be staying around. If she had done all of her research, it attually says that in the Ginko forums that the interest rate will most likey be lowered as Ginko grows. To me, it seems like a great idea to attract people, and it did attract me, and I knew the risks when I made an account, and now have every single one of my lindens in Ginko.

As am I - even though I had no interest in any sort of SL investing prior to this.

Thanks, AnsheCorp, for bringing your competitor to my attention. I figure based on how much self-serving, baseless ranting you've done in this thread, you must really be afraid of that competitor.

Incidentally, I likely won't be investing much as this is just the sort of backhanded marketing AnsheCorp would do if Ginko - like SLExchange - is a division of AnsheCorp.

Incidentally folks, this is a big reason why the Sherman Antitrust Act was enacted; abuse of market position is one of the ills that unregulated capitalism is heir to.

Necessary to what purpose?




Why? You are not even an investor. Why should I make -any- effort to prove your fears wrong?




Good luck. But you better do it honestly.

it simply not true that an investment that offers no information on where the money is going is a risky investment?

For now, all my precious Linden are safe under a mattress piled high with sex pose balls... I am, however, going to re-watch It's a Wonderful Life (God bless Bailey Savings and Loan) and then open a lil account with Ginko.