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The King is Dead |
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3Ring Binder
always smile
Join date: 8 Mar 2007
Posts: 15,028
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08-09-2007 13:47
well, i guess wut i shoudl have said, because it's wut i meant is that you just may have planted an idea in someone's head, and made it real easy to act on it without any way to be tracked.
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it was fun while it lasted.
http://2lf.informe.com/ |
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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-09-2007 13:56
Wonder if he'll start posting to this forum? doubtful. but keep your eyes open for a bond issue. |
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Zack Massiel
I am slowly gooING crazy.
Join date: 27 Oct 2005
Posts: 110
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08-09-2007 14:01
well, i guess wut i shoudl have said, because it's wut i meant is that you just may have planted an idea in someone's head, and made it real easy to act on it without any way to be tracked. I'm sure that idea was planted in many peoples heads quite sometime ago... _____________________
Did you know teenage punks make the best prison bitches? Crash the grid to find out more! |
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Justin Slade
Registered User
Join date: 6 Feb 2007
Posts: 132
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08-09-2007 14:08
but ran into this QUOTE] Did you read about were the writer was in NJ and talked about Walmart...Hmmm The writer also said he wrote a code for Ginko for dollar transfer. Could this enlighten us to were Waldo is |
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Wilhelm Neumann
Runs with Crayons
Join date: 20 Apr 2006
Posts: 2,204
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08-09-2007 14:11
hehe i read that blog last week, but blogs make my eyes glaze over so maybe I should read again. Most stuff I could find about it was he had a cold or his cat was sick or whatever like personal diary stuff.
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I know the competition that will come along someday is learning from LL's mistakes. But do they have to make so many? |
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
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08-09-2007 14:15
but ran into this QUOTE] Did you read about were the writer was in NJ and talked about Walmart...Hmmm The writer also said he wrote a code for Ginko for dollar transfer. Could this enlighten us to were Waldo is if he`s the same person, an tax investigation could be a start for the money trail and for people to start a claim as he is an ginko employee _____________________
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-09-2007 14:26
From the research I've done, that's actually a common feature of Ponzi schemes. There is always a core of investors who are unwilling to admit they have been taken, who blame anyone and everyone but the scammer for the collapse of the Ponzi. yeah. real investment funds .. can show what their investments are. |
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Ordinal Malaprop
really very ordinary
Join date: 9 Sep 2005
Posts: 4,607
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08-09-2007 14:29
seriously, how are you going to feel when one of the loony avatars who lost money finds this out and goes after him? Amused? If the person responsible for a sizeable fraud faces the business end of the legal system, I personally am happy with that. Fantasies about vigilante action aside, that is really what this might lead to. _____________________
http://ordinalmalaprop.com/forum/ - visit Ordinal's Scripting Colloquium for scripting discussion with actual working BBCode!
http://ordinalmalaprop.com/engine/ - An Engine Fit For My Proceeding, my Aethernet Journal http://www.flickr.com/groups/slgriefbuild/ - Second Life Griefbuild Digest, pictures of horrible ad griefing and land spam, and the naming of names |
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Sarah Nerd
I BUY LAND
Join date: 22 Aug 2005
Posts: 796
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08-09-2007 14:30
Moneys gone he has a new house and a new car and possibly expanded his stamp collection Also i think some guy calculated those bonds would take 8 years or something to give the 100L return or whatever 8.3 if I had my math correct if you wait to be paid back in dividends. |
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Sarah Nerd
I BUY LAND
Join date: 22 Aug 2005
Posts: 796
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08-09-2007 14:34
maybe im just naive, but i believe nick tried his best to do right by everybody. he was met with much venom and scrutiny he was pretty much doomed though. everyone here should know full well that if he had simply closed up shop and cashed out, LL would have done nothing to prevent that. but he didn't, instead he tried to find solutions. maybe he isnt a rl banker, but then again i doubt many of you are rl cobblers, builders, fashion designers, hair stylists, and so on. perhaps he started a little bank as a hobby, and experienced some initial success. its sad to see him demonised and drug through the mud, being characterised as a charlatan and a fraud. i dont think he deserves that treatment at all. i wish nick all the best with his future endeavours, and i am confident he will still try to do right by his ginko customers. the same customers that must have reaped rewards in times past. Hard to feel pity for someone who has 150million L+ of our money. |
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
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08-09-2007 14:35
just so everyone knows,
good chances this guy isn`t nick so doing anything to him will be stupid, recless and uncalled for what he is, the start of the money trail in the US and if not involved with ginko but just a person who registers domains for local clients then he`s a starting point to get to the money trail i don`t think anyone is this stupid buy going to some one who just shows up as a domain registrar and harm them without some investigation if he is actually involved with ginko and an employee but he is a lead _____________________
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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-09-2007 14:40
8.3 if I had my math correct if you wait to be paid back in dividends. that's right. and you can re-invest interest payments you receive in the same bonds and that'll bring it below 8 years. at the current ask price of 0.15 the bonds are yielding 80% per annum. |
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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-09-2007 14:45
You guys do relize that once everyone starts cashing out these new "bonds" to get their money, the value of the bond will crash even lower. Right now the value is .15L$ with a "face value" (doesn't mean anything, that was just the price they sold at via IPO) was 1L$. The bonds were trading at 20L$, yes that is twenty! just a week ago. that was before they split the bonds 1:100. so 20L$ before the split is the same as 0.20 after the split. and now the ask price is 0.15 update: and now the ask is 0.24. so they're actually up 20% since last week. |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-09-2007 14:45
that's right. and you can re-invest interest payments you receive in the same bonds and that'll bring it below 8 years. at the current ask price of 0.15 the bonds are yielding 80% per annum. 80% per annum of a 85% discounted price. Which brings it down to 12% per annum on funds actually deposited with ginko. _____________________
"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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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-09-2007 14:50
80% per annum of a 85% discounted price. Which brings it down to 12% per annum on funds actually deposited with ginko. |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-09-2007 14:51
That is true.
![]() _____________________
"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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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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08-09-2007 14:51
considering the track record of known investments, that would be a stupid proposition.
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Ordinal Malaprop
really very ordinary
Join date: 9 Sep 2005
Posts: 4,607
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08-09-2007 14:53
I'm sorry, but there are people who think they will actually receive their dividends?
Goodness, how impossible it is that they would not! I mean, they only invested in an absurd high-yield investment scheme, which folded and offered (or in fact forced) a conversion to valueless bonds... what could possibly be suspicious about that? _____________________
http://ordinalmalaprop.com/forum/ - visit Ordinal's Scripting Colloquium for scripting discussion with actual working BBCode!
http://ordinalmalaprop.com/engine/ - An Engine Fit For My Proceeding, my Aethernet Journal http://www.flickr.com/groups/slgriefbuild/ - Second Life Griefbuild Digest, pictures of horrible ad griefing and land spam, and the naming of names |
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Uvas Umarov
Phone Weasel Advocate
Join date: 8 Feb 2007
Posts: 622
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08-09-2007 14:56
Honestly, just because a guy takes a lot of people's money while promising them the moon, and then refusing to give it back, is no reason to think that he won't make good on interest payments somewhere's down the road!
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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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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-09-2007 14:57
considering the track record of known investments, that would be a stupid proposition. quite possibly so. but re-investing any monies back in the same security is a standard way of comparing the value of securities. |
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Brodsky Zapedzki
Registered User
Join date: 30 Mar 2007
Posts: 337
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08-09-2007 14:59
I'm sorry, but there are people who think they will actually receive their dividends? Goodness, how impossible it is that they would not! I mean, they only invested in an absurd high-yield investment scheme, which folded and offered (or in fact forced) a conversion to valueless bonds... what could possibly be suspicious about that? I don't know why you think the bonds are valueless. the last trade was 131,373 at 0.24. so obviously someone thinks they're worth at least that. |
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John Horner
Registered User
Join date: 27 Jun 2006
Posts: 626
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08-09-2007 15:00
its possible the king lives in the US. If anyone has tried a domain look up here is the info its public and I have no idea if its against TOS because well all you have to do is go type in the info. /shrug Registrant: Michael Pratte PO Box 282 Manville, Rhode Island 02838 United States Registered through: GoDaddy.com, Inc. (http://www.godaddy.com) Domain Name: GINKOFINANCIAL.COM Created on: 12-Feb-05 Expires on: 12-Feb-08 Last Updated on: 25-Jul-07 Administrative Contact: Pratte, Michael [email]fox85@ginkosoft.com[/email] PO Box 282 Manville, Rhode Island 02838 United States 4016580784 Technical Contact: Pratte, Michael [email]fox85@ginkosoft.com[/email] PO Box 282 Manville, Rhode Island 02838 United States 4016580784 Domain servers in listed order: NS1.GINKOSOFT.COM NS2.GINKOSOFT.COM Registry Status: clientRenewProhibited Registry Status: clientTransferProhibited Registry Status: clientUpdateProhibited Registry Status: clientDeleteProhibited Can I suggest this information should be given to a lawyer as part of any legal action some folks may consider rather than any individual and personal act. It only takes one of you to put that info into Google Earth to draw certain conclusions, I was aware of this information 6 months ago and made my own enquiries. Perhaps I should cautiously say the information MAY be relevant but I was told by a Ginko employee IT IS NOT NICHOLAS Please think very carefully indeed before doing something you may regret, give the information to a lawyer |
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Sarah Nerd
I BUY LAND
Join date: 22 Aug 2005
Posts: 796
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08-09-2007 15:05
i think posting the ginko owners' private info was a dangerous and irresponsible thing to do. seriously, how are you going to feel when one of the loony avatars who lost money finds this out and goes after him? i hope that part of this thread gets edited out. if someone wants to find him bad enough, then they can google him themselves and have it show up on THEIR personal computer history, so when they start investigating his murder, they can track it somehow. Wilhelm, i hope you will edit that out yourself. people are goofy, and $1000US or $10,000US is not worth ruining your life over, but some people can't see beyond the week. there's a loony in ever bunch...... ![]() Maybe the same way you'll feel for planting such harsh ideas such as murder. It was my understanding that people were looking for means of legal action. You just took it to a whole other level. |
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Justin Slade
Registered User
Join date: 6 Feb 2007
Posts: 132
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08-09-2007 15:16
I know there's only a few here discussing this problem, but has anyone thought about why SL is not involved. You talk about bad press for Ginko, what happens when a bunch of people start talking to the officials and press.
I really believe with this amount of funds, SL should at least comment on it. I apologies if there is a forum that address's this. If so give me the link please. Sarah, I think I just invested 100 shares in your company..good stock |
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Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
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08-09-2007 15:20
quite possibly so. but re-investing any monies back in the same security is a standard way of comparing the value of securities. Fool me twice, shame on ME! Do not throw good money after bad. |