Trying to get Ginko Assets back to Ginko Bondholders.

I just completed a long interview with Intlibber Brautigan, mostly over the BNT price slide and the sources of its cause. I found out something rather ironic and interesting about the situation that BNT is in. The trail leads back to the Ginko Bank collapse. The news for once, is not bad, but good.

I've known Intlibber for a while, he's a good friend. Generally I trust him and he's never fallen through a deal with me personally, so I trust what he says. From what I hear from others I've spoken to who have met him personally, he's an upright individual who truly is trying to run one of the best operations possible in the second life business environment. That said, his company has not been in an ideal position of late in terms of share value so it makes it difficult to write a story about it, until you know the source of the issues that BNT has been having.

If what I am to understand is true, when Ginko collapsed it had about 11 million shares of BNT that were registered in Nicholas' name. During the collapse Ginko liquidated about 3 million of this all together. 8.75 stayed under Nicholas' name until BNT moved to ACE from CAPEX. Intlibber wanted to do the right thing and find a way to get the value of the shares back to Ginko bond holders.

According to Brautigan; to do this he trusted Shaun Altman with 8.75 million shares under the agreement he would not sell the shares at less than 20% under NAV (approx .48 as of last financial disclosure) and that he would do the best possible to maximize former bond holder returns. Once the cash was collected, it could be given to Lukeconnell Vandeverre of the World Stock Exchange on the condition, and i quote:

[4:08] IntLibber Brautigan: shaun will publicly give Luke the money on condition he delivers an immediate and final dividend only to the GPB bondholders.

The question is whether or not a list of these bond holders still exist. Many of the shares of companies that have gone bankrupt on WSE, where GPB was listed, are no longer individual listings, but integrated into the WTF trading fund. A fund that many in the market recognize as a sad consolation prize for owning a defaulted or bankrupt stock that has not been properly accounted for in liquidation of assets.

If the last list of bond holders cannot be found anywhere, I probed Intlibber on what would be done with the funds. His statements were to the effect that he would not keep the funds, but he's promised that if the bond holders could not be located the money would go to a worthy second life charity. Given that his own shareholders have suffered so long in the weight of Nicholas' shadow, I've suggested that he may want to just reinvest it into BNT, perhaps even nullify the shares Nicholas owned so that there's a smaller outstanding share count. He objects to the nullification of shares in that he believes the value of the investment should be returned to the community which was damaged by Ginko.

Shaun supposedly has been straining against the reigns of his responsibility yet which have yielded to some questionable business market offers, but Intlibber has assured me that the situation is well under control and Shaun will be kept under his responsibility and that if trust is violated, another person may be chosen to lead the charge for those that owned Ginko Bonds.

As a footnote to this article, this is a huge challenge the two are undertaking and I want to note as a former ginko bond owner that there are going to be individual investors in the market who really appreciate your efforts gentlemen, Shaun and Intlibber, if you succeed.