No its a chinese rare tree Brenda (chuckle) Give me a break love and I will post the link tomorrow if you are interested
Not particularly, John, but thanks for the gesture.
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Brenda Connolly
Un United Avatar
Join date: 10 Jan 2007
Posts: 25,000
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08-03-2007 19:39
Not particularly, John, but thanks for the gesture. _____________________
Don't you ever try to look behind my eyes. You don't want to know what they have seen.
http://brenda-connolly.blogspot.com |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-03-2007 19:42
Your forgeting one important thing.....you cant sell 100,000 thousand bonds at $17L. once 13859 bonds have been sold the price will crash to $2.50 lindens, so if anyone is planing to do this i suggest you do it quickly, once someones done it you'll have to take even more of a loss. Is that correct, Nicholas? (thought i'd ask, seems you dont think im capable of providing any facts) Market prices are not static numbers. They are dynamic. Assuming that once current limit buys are filled, nobody will step up with new orders, is most likely incorrect. That being said, I don't know. On the other hand, if you are convinced that I spent all the money on a new sports scar, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it? Nobody is being forced to sell their bonds. |
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Brenda Connolly
Un United Avatar
Join date: 10 Jan 2007
Posts: 25,000
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08-03-2007 19:42
Yes everyone, dont listen to us, we are full of malice. Buddy, im not the one with over half a million US of peoples money, unable to give it back. Like Colette pointed out in another thread, its a simple enough question: DUDE wheres the $#%*$@% Money? Can we listen to people who have a fucking clue and are still acting out of Malice? _____________________
Don't you ever try to look behind my eyes. You don't want to know what they have seen.
http://brenda-connolly.blogspot.com |
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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08-03-2007 19:43
On the other hand, if you are convinced that I spent all the money on a new sports scar, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it? _____________________
Read or listen to some Eckhart Tolle. You won't regret it.
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-03-2007 19:45
Market prices are not static numbers. They are dynamic. Assuming that once current limit buys are filled, nobody will step up with new orders, is most likely incorrect. That being said, I don't know. On the other hand, if you are convinced that I spent all the money on a new sports scar, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it? Nobody is being forced to sell their bonds. Only a fool would place any buy orders on anything you are involved with, if i had any money with ginko, id turn it into bonds right now and crash the price just to prove my point. _____________________
"Proud member of the anti-ginko busy body committee"
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-03-2007 19:47
How did you get the sports scar? Rugby? I love rugby, im from the home of the All Blacks. Were going to win the world cup in about 2 months time!!!! GO KIWI'S!!!! _____________________
"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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08-03-2007 19:51
DUDE wheres the $#%*$@% Money? That was Talarus, But its such an awesome question it needs asked again Dude where's the f@%^&*g money? |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-03-2007 19:56
I see. So the situation is that someone with say $L100,000 Lindens in a standard deposit account with you could remit their funds via the WSE to acquire Ginko Perpetual Bonds. Each bond would cost $L100, therefore they would own 1,000 bonds. The current market price is around $L16.89, that therefore means Ginko would clear a profit of around $L83 per bond or say 83,100 lindens per Linden deposit account having a balance of $L100,000. Each deposit holder would suffer a loss of around $L83, 000 per $L100,000 deposit balance Ginko's asset and liability position would clearly improve on each and every bond sale. This assumes of course the WSE market would be able to support continued sales, because of course each sale of bonds must have willing purchasers Thank you for clarifying these issues Nicholas. --------------------------------------------- For everybody else I think that this point alone justifies the interest of independent third party observers without a vested financial interest. It means we are able without fear or favour to present an independent view. Here is an abstract from Ginko Perpetual Bonds Prospectus for your information Chairman's Letter Ginko Perpetual Bonds are non-expiring bonds which yield L$1 per month each. The yield is guaranteed by Ginko Financial so your risk is minimized, though not completely eliminated. While the bonds do not expire, it is possible for the company to cancel them by paying a liquidation dividend of L$100 per share. The yield will not rise or fall because it is guaranteed by Ginko Financial, but the risk of bankrupcy still exists. Business Overview The money raised by these bonds is given to Ginko Financial to be used in the conduction of it's business activities, including but not limited to: - currency exchange (GCS) - investments in WSE stocks - virtual estate development - venture capital financing Business Strategy --Confidential-- Business Strengths Ginko Financial has been managing the money of thousands of SL residents for many years now and is the biggest and oldest in-world bank. Bottom line, we know what we are doing and we have demonstrated time and time again that we are not going to just dissapear. Honesty is our greatest strenght. If enough people agree to this 80+++++++++++% (depending on where the bond price goes) Loss it will save Ginko ... Everyone will lose tons of money. But the on paper value of the fund might shrink down to the level of the Actual value. Great Plan  If the money actually was there you would think shareholders should be allowed to by the Bonds at or BELOW market price. |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-03-2007 20:15
If the money actually was there you would think shareholders should be allowed to by the Bonds at or BELOW market price. So you're saying that the wise thing for Ginko Financial to do would be to convert all it's debt into a bond that would pay about 8% interest every month, in perpetuity, and which can only be canceled by paying 8x the amount people paid for them? Do you have any other bright ideas to give me? L$100 is the face value of the bond. The market value being significantly discounted is irrelevant. |
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-03-2007 20:15
Great Plan Yes, its whats known as a Portocarrero scheme _____________________
"Proud member of the anti-ginko busy body committee"
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cHex Losangeles
Registered User
Join date: 24 Nov 2006
Posts: 370
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08-03-2007 20:16
the argument that lindens are worthless and have no value is a bit of a joke, despite what the tos say. if you disagree please send all your lindens to me. they are afterall worthless. Who made this argument? Nobody that I see. I have seen people arguing that L$ are not real CURRENCY. This does not mean they have no value. Meat is not currency, but people buy and sell it every day for real money. Cars are not currency, but people buy and sell them every day for real money. When traveling in Eastern Europe in the early 1980's, I could sometimes get lodging in hotels for a pair of blue jeans, or buy goods from roadside stalls with chewing gum; but blue jeans and chewing gum were not considered currency. I love playing Acquire, and in fact have worn out several sets of Acquire money; fortunately, I've been able to order new money. Nonetheless, although I exchanged bona fide US$ for Acquire money, Acquire money is still play money. Further, L$ are "virtual." If I buy Monopoly money on eBay, and the seller doesn't deliver, eBay will refund me. But if I buy virtual money on eBay, and the seller doesn't deliver, eBay warns it will not refund me. This is a separate issue from whether virtual money has "value;" now we get into the issue of proving what happened in virtual realities. So yes--L$ have value. And yes--there are real people behind our SL avatars spending real money. But no, L$ is not a real currency. |
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-03-2007 20:20
So you're saying that the wise thing for Ginko Financial to do would be to convert all it's debt into a bond that would pay about 8% interest every month, in perpetuity, and which can only be canceled by paying 8x the amount people paid for them? Do you have any other bright ideas to give me? L$100 is the face value of the bond. The market value being significantly discounted is irrelevant. The wise thing for ginko to do, is to admit you are stuffed and liquidate the business. You obviously do not have half a million dollars US. Anyway i thought your busy trying to save your bank, seems to me your a little to worried about what people think of you and are spending way to much time in these forums trying to argue with people who all think you are a scam artist. Do you even know what the meaning of a bond is? What exactly are yours secured against? _____________________
"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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08-03-2007 20:23
So you're saying that the wise thing for Ginko Financial to do would be to convert all it's debt into a bond that would pay about 8% interest every month, in perpetuity, and which can only be canceled by paying 8x the amount people paid for them? Do you have any other bright ideas to give me? L$100 is the face value of the bond. The market value being significantly discounted is irrelevant. Why on earth are you selling $100 face value bond on the open market for 17$? I dont find that irrelevant at all. I think the fact that its 17$ on the open Market says a great deal. I do have a seriously bright idea for you though, tell people where there f$^*(&^g money is. If all this debt is covered by assets with a maturation during the next decade, people would calm down. And you might get people to buy $100 Bonds for a lot closer to $100. |
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Wilhelm Neumann
Runs with Crayons
Join date: 20 Apr 2006
Posts: 2,204
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08-03-2007 20:39
I just have to say i'm all ginko'd out nuts trees bank and all. Everyone has way more stamina then me to beat dead horses and i'm very jealous
 Also where is their f$^*(&^g money ?!?! |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-03-2007 20:43
Also where is their f$^*(&^g money ?!?! Good Question. |
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Nicholas Portocarrero
Registered User
Join date: 13 Jul 2004
Posts: 237
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08-03-2007 20:46
Why on earth are you selling $100 face value bond on the open market for 17$? I'm not. |
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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08-03-2007 20:50
I'm not. w/f/e theres really only one question that matters on all this. Wheres the f^&*()*g money? |
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Osgeld Barmy
Registered User
Join date: 22 Mar 2005
Posts: 3,336
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08-03-2007 21:08
Also where is their f$^*(&^g money ?!?! YEA I WANT MY 0.48L$ sorry couldn't help it |
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Talarus Luan
Ancient Archaean Dragon
Join date: 18 Mar 2006
Posts: 4,831
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08-03-2007 21:13
OK.
So what I get from this is that you want to sell people your fixed-rate, medium-yield, perpetual corporate bond with a 1% coupon at 12 coupons per annum, an initial issue market value which is around 16% of face, and the only information you provide me as a prospectus is what any Joe Blow off the street can get from your published materials? A bond is basically a loan from me to you. Without any kind of rating agency, I can only go on what is presently known about your organization, and what you're willing to tell me (which is diddly-squat at the moment). Considering your present well-known financial situation, and your stalwart unwillingness to share any kind of real financial data to entice a prospective investor, I would have to figure on my own that your bond would otherwise be rated in the deep sub-BBB area, primarily due to risk, which effectively makes it a JUNK bond. It has a perpetual duration, which means it never matures, and you are under no obligation to repay it, so to be rid of it, my only recourse would be the market. Besides rising to an unrealistically high market value, the only other indication with which to judge if I should indeed sell it would be if you failed to pay the coupon, since you are under no obligation or plan to report anything about the health of your organization to anyone, let alone me as the bond holder. By that time, there would be so many folks trying to sell your junk bonds that they would become practically worthless, especially since the virtual economy is HIGHLY volatile and has NO controls or protections on its various markets to curb fraud or catastrophic failures of the markets themselves. Yes, I can definitely see the value proposition in that kind of investment! |
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Elex Dusk
Bunneh
Join date: 19 Oct 2004
Posts: 800
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08-03-2007 21:38
I guess anyone without a conflict of interest must be a Busy Body. Members of the Busy Body Committee are always easy to identify. They say things like, "Gosh, I sure don't like what that person did with their own land. I wish we could make it all go away by taking their land away and putting up a pretty pretty waterfall because then the unicorns will arrive and crap cotton candy all over the place." Or... "Gosh, I sure don't like how that person turned a profit with their business. As they made more money than me by having the temerity to focus on their business while I waited for the unicorns to crap cotton candy directly into my mouth that they must have gamed the system." Or... "Let's kill all the greedy capitalist pigs... and don't forget to shop at my store." Things like that. It usually involves an uninformed opinion regarding something that another person owns. When other people own things it's bad as it gets in the way of the magnificent work of the Busy Body Committee. |
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-03-2007 21:50
I'm not. yeah, your selling them for $100L when they are only worth $17L _____________________
"Proud member of the anti-ginko busy body committee"
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Elex Dusk
Bunneh
Join date: 19 Oct 2004
Posts: 800
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08-03-2007 21:59
yeah, your selling them for $100L when they are only worth $17L Oh, wow, sorry... it has nothing to do with "worth"... guess someone forgot to mention to you that sellers within a marketplace are allowed to set their own prices. Buyers get to either accept or decline the cost of the price the seller set. That's how a marketplace works. |
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Rocketman Raymaker
Registered User
Join date: 4 Feb 2007
Posts: 530
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08-03-2007 22:04
Oh, wow, sorry... it has nothing to do with "worth"... guess someone forgot to mention to you that sellers within a marketplace are allowed to set their own prices. Buyers get to either accept or decline the cost of the price the seller set. That's how a marketplace works. Exactly, so how can he justify selling them to account holders for $100L when the market has already dictated that they are only worth $17L? _____________________
"Proud member of the anti-ginko busy body committee"
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Elex Dusk
Bunneh
Join date: 19 Oct 2004
Posts: 800
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08-03-2007 22:06
Exactly, so how can he justify selling them to account holders for $100L when the market has already dictated that they are only worth $17L? Err.. because those are being sold in a different marketplace, dingus. |
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Maggie McArdle
FIOS hates puppies
Join date: 8 May 2006
Posts: 2,855
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08-03-2007 22:08
But then the Busy Body Committee would have nothing to do all day. QFT. but there is still that child avi vs simply short avi thing..... and well furries... and sex.. and clubs... _____________________
There's, uh, probably a lot of things you didn't know about lindens. Another, another interesting, uh, lindenism, uh, there are only three jobs available to a linden. The first is making shoes at night while, you know, while the old cobbler sleeps.You can bake cookies in a tree. But the third job, some call it, uh, "the show" or "the big dance," it's the profession that every linden aspires to.
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