Whos winning losing?
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Mina Welesa
Semi-retired
Join date: 19 Dec 2004
Posts: 228
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11-20-2005 07:33
From: Anshe Chung I will donate 500000 L$ to Ginko victims under following conditions:
1. Ginko stops taking deposits
2. Nicholas admits that Ginko is not profitable, apologizes to the SL community and admits that I was right
3. Nicholas immediately begins to reimburse depositers their money, well, I guess everybody some share of what is still left
This offer stand for 7 days.
I put my money where my mouth is. Will the people who defended Ginko do same now? Anyone going donate one Ginko "insurance funds"? I have no vested interest in Ginko or any other investment group in SL. As someone who has nothing to lose or gain either way, I still felt uneasy when I read this. If everyone who has invested in Ginko takes your offer to withdraw from Ginko within 7 days, won't that certainly bring ruination to Ginko? I just don't see how this offer could be considered ethical. Now, if you remove the 7 day requirement, that would provide investors time to really think about what they want to do, and would give Ginko time to consult with their investors. The 7 day factor seems like a genuine stong-arm tactic to me. It's pobably moot, anyway. I doubt that Ginko would comply with your conditions, even if their investors bailed in order to receive that 500,000 Linden dollars. |
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DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
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11-20-2005 07:36
From: Mina Welesa If everyone who has invested in Ginko takes your offer to withdraw from Ginko within 7 days, won't that certainly bring ruination to Ginko? That's what AC wants.
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Dogspot Boxer
Charter Member Of The Socially Inept Club
Our Motto:
We may be inept, but at least we're social
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Malachi Petunia
Gentle Miscreant
Join date: 21 Sep 2003
Posts: 3,414
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11-20-2005 07:46
From: Anshe Chung Lets assume I am right and Ginko is one Ponzi scheme. What else would you suggest do about it other then make it stop ASAP?
You can not seriously expect me to *feed* that scheme and help it *grow bigger* by insuring it ?!?!??!?!!!!!! What would I suggest you do? The phrase "live and let live" comes to mind. I didn't request you insure Ginko, I requested you insure the customers of anshechung.com. Sorry if my restatement of the request was ambiguous. |
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Mina Welesa
Semi-retired
Join date: 19 Dec 2004
Posts: 228
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11-20-2005 07:52
From: DogSpot Boxer That's what AC wants. I know. I guess what really puzzles me is that she is assuming SL players who make risky investments need a protector. In the real world we all know people who make risky investments, even after being warned about the risks. Sometimes they win... sometimes they lose their shirts. It's the individual's call, in my opinion. |
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Cocoanut Koala
Coco's Cottages
Join date: 7 Feb 2005
Posts: 7,903
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11-20-2005 09:30
As much as I abhor the attempt to ruin other people's businesses (whoever they are), Anshe has raised questions in my mind about Ginko.
Caveat: Previously I was oblivious to Ginko. Also, I don't understand these business and economic things very well, and I am not in Ginko; also, I have not read every last thread and post about them.
But I do have this question: Why doesn't Ginko just say what they do with the money? Why don't they just explain how these returns are possible?
coco
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Doc Nielsen
Fallen...
Join date: 13 Apr 2005
Posts: 1,059
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11-20-2005 09:31
From: Malachi Petunia I compliment you on your self-sacrifice for the commonweal. There are few who would stoop so low in order to selflessly benefit others.
THAT is the first post about the entire episode that has put a grin on my face - thank you!
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All very well for people to have a sig that exhorts you to 'be the change' - I wonder if it's ever occurred to them that they might be something that needs changing...?
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Ashen Stygian
@-'-,---
Join date: 30 Apr 2004
Posts: 243
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11-20-2005 09:38
You All win!! Grats on level 42!
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Mina Welesa
Semi-retired
Join date: 19 Dec 2004
Posts: 228
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11-20-2005 10:49
From: Cocoanut Koala Why doesn't Ginko just say what they do with the money? Why don't they just explain how these returns are possible?
coco Certainly, Ginko should be up-front with their investors. I don't, however, believe they need to lay out their entire business plan on a public forum. |
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Jeska Linden
Administrator
Join date: 26 Jul 2004
Posts: 2,388
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11-20-2005 11:02
This thread is not appropriate for the SL Forums and as such is being closed. The forums are a public area for the Second Life community’s use. Individuals who have a dispute with each other have other channels of communication to discuss their differences or communicate – private messaging, IM within Second Life, or chatting within Second Life.
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