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First of all, its your money. And the benefit of encouraging people to throw their money away buying GPB is that people who were 'investo-raped' (had their accounts forcibly converted to GPB, sans permission) or otherwise are risk-averse, can get out using the liquidity you provide.

These are perpetual bonds- there is nothing backing these bonds except your firm belief the GPB will be around over the next 8.333 years to pay quarterly dividends. That said, lets take your points:

"After thinking about my old conversation with Nicholas and how Nicholas has not actually abandoned his account, my faith raised. The fact that Nicholas continues to stay in SL and actually continues to buy more shares of HCL means he isn't going anywhere."

Why would he leave? He earns roughly 1/3 of 3% commissions on every trade of GPB. Buying more HCL means that stake only goes up. (this assumes the profits of HCL go into the dividends linearly- I think this is a good assumption, but suffice the argument to say he makes a profit on every trade).

"Luke informed me that if Ginko was to ever not pay their dividends, their account would be confiscated (if deemed appropriate by WSE heads) and used to cover the Ginko Shares."

This sounds like a margin call. But I am confused: what account backs the GPB? If you mean Nic's own stake in HCL, thats illiquid because of its size: dump that many shares on the market, and the price goes to nothing. Secondly, did you get in writing what he meant by "pay their dividends?" My impression so far is that whenever Mr Ginko has a debt he feels he shouldnt have to pay (ie: Ginko accounts, GCS shares that were raided to pay Ginko accounts) he just issues more GPBs. If he can pay his 'dividends' with GPBs, this is just another fraud- pure and simple. In fact, I would argue that the GCS forced conversion already makes this a fraud- the supply of GPBs went up without any change in the assets backing them- ergo they drop in value. Even if hes going to pay the dividend in cold hard L$, if he can just issue more GPB, what is to stop him from selling new GPB's to raise money to pay the quarterly dividend (ie: what makes this not a Ponzi scheme?). Hes already increased the float of GPB's without splitting their value!

"Along with that, 4 shareholders of GPB bonds who also run 4 companies on the WSE have promised that they will remove their companies off of the WSE if Luke was ever to side with Ginko. This leads me to believe Luke has the best interests in mind."

I agree that vacating WSE would be bad for Luke, but the GPB thing is a huge racket- lots of people forced to convert who have to sell (and incur transaction fees) to get out, and that certainly isnt going to leave given Nic's profit incentive to exclusively list. Moreover, for the reason cited above, if GPB defaults, there is literally nothing WSE can do. WSE would have to fold...

... or mabye just forcibly convert everyone's accounts to Hope Capital Perpetual Bonds!