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Shaun Altman just posted posted a liquidation plan for Ginko Perpetual Bonds (reference Ginko Perpetual Bonds and You).

An excerpt:

...On November 1, 2007, I will be distributing another press release to major Second Life media centers documenting the following:

1. All assets (cash, stock, land, etc) that I was able to recover for liquidation and subsequent distribution of proceeds to GPB bondholders.

2. All known GPB assets that have been stolen by third parties who refused to provide them for liquidation and subsequent distribution of proceeds to GPB bondholders, and the names of the parties responsible.

Once all recovered assets have been publicly documented, I will begin liquidating all non-cash assets to recover as much cash as possible for GPB bondholders. Once this liquidation is complete, I will distribute a third press release to major Second Life media centers documenting the total amount of cash that was recovered for GPB bondholders. At that point, I will hand all cash to LukeConnell Vandeverre, who maintains GPB's bondholder records, for IMMEDIATE distribution as a cash dividend to GPB bondholders. Once this liquidation dividend is posted to the accounts of GPB bondholders, GPB will be considered fully liquidated and all bonds should be delisted...

This does look promising for the people who still have Ginko Perpetual Bonds, but an easy criticism to make is that it will benefit the people who bought people's Ginko Perpetual Bonds at extremely low prices. Since I have no data on hand that shows how many of the original bondholders are still bondholders, it is difficult for me to have an opinion on this. Given my own distaste with the manner in which WSE handled the Ginko Perpetual Bonds (not to mention enabling alleged fraud), I'll wait for the other shoe to drop. Personally, I gain nothing from this - and I suspect many other original Ginko Perpetual Bond owners are in the same boat.