I think James should stop using any remaining unreturned funds as an excuse for not putting asset-issuers and their users in contact with one another.  until he does that, he has no credibility whatsoever.  He's hardly in a position to take the moral high ground over unreturned funds when he's the one who is holding information which has nothing to do with his overpayment fuck-up hostage.

And if 3/4 of the overpayments have been returned then GLBSE should now have sufficient funds to make the remaining payments - they can do it out of the already returned overpayments and their own reserves.  James is the one trying to pressure people, not the reverse..  He is the one who loses if those funds aren't returned because there'll be no funds left to pay his salary/lawyer/weed bill/whatever.  He's acting out of pure self-interest here.

Naming and shaming people who haven't returned over-payments doesn't prove that they are holding the money of other users.  Nefario could only prove that by giving a complete financial accounting of BTC on hand and amounts still owed to users and I doubt there's anyone here who would trust any numbers he published because there's absolutely no way to verify them - he's not even letting the other shareholders verify what he's doing and could be paying his friends triple what they're owed for all you know.

All Nefario's SuperSekrit Stalled Until Further Notice repayment plan is likely to do is piss people off enough that they'll rain down upon him the very kind of legal problems he hoped to avoid by closing down GLBSE in the first place.