This is a preliminary announcement about the upcoming first XBOND share-exchange opportunity. We are still finalizing the dates, but you can learn more about the asset being offered here:
Below are the details specific to the XBOND phase of the offering, but please DO NOT send your bonds back yet. The date will be announced.
IPVO DetailsThe opening date and time of the IPVO shall be confirmed soon, as we are working to coordinate it's release as best as possible.
LMB Holdings Share StructurePublic investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).
Investor Protection PlanThe initial 9,600,000 shares of LMB Holdings have the privilege of getting all profits until a total of 0.0035 bitcoins per share has been paid. Following this initial period of protection, dividends will be divided equally amongst all public and private shareholders.
Initial Public Virtual OfferingThe underlying asset shall be registered and traded on BitFunder, under the ticker NEOBEE.
TAT.NEOBEE shares will be also sold as depositary receipts in tandem on other exchanges where the asset has been granted approval by LMB Holdings. Shares will be made available to TAT Investments dynamically across all exchanges as the market demands during the IPVO. There are three phases of the IPVO:
Private Tranche - 1,100,000 Shares - Sold privately to Angel Investors
Pre-IPVO Offering - 500,000 Shares @ 0.0025 BTC each
(Pre-IPVO Offering, available only to XBOND holders, see next section)
Public Offering - 8,000,000 Shares @ 0.003 BTC each
XBOND Exchangable OfferingThrough partnership with LMB Holdings, TAT Investments has negotiated that the next round of shares be made exclusively to the holders of XBOND as a Pre-IPVO Offering. This offering will be made available for the 72 hours preceding the official IPVO (date to be determined). Any unsold shares from this round will be made available to existing private shareholders.
Pre-IPVO Redemption: Each XBOND unit may exchanged at the full face value, 0.001 bitcoins each, toward the purchase of shares of the underlying asset as released on BitFunder. XBOND holders will have first access to 500,000 shares at the price of 0.0025 bitcoins each. Shares will be allocated on a first come, first served basis according to the instructions below.
Pre-IPVO Redemption Rules & Instructions:To instigate a redemption exchange for Pre-IPVO this offering, simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, Also, please send a corresponding email to
[email protected] confirming your desired Pre-IPVO purchase quantity desired, and your account name on the destination exchange.
- Pre-IPVO exchanges will be fulfilled in the order that the full transfer is received. If the Pre-IPVO-eligible share inventory is depleted, any remaining XBOND units will be pushed back to their owner. In this event, dividends earned in the interim will be returned with the XBOND units.
- Pre-IPVO purchases must be paid in full by redeeming XBOND units, and must be an EVEN NUMBER of shares. Bitcoins cannot be used to make up any differences.
- Once a share exchange request is received it is binding.
- Your order may be partially filled if the eligible inventory has been depleted.
- Pre-IPVO shares will provided 3 days after the IPVO opens on BitFunder.
Transfer of SharesShares of the underlying asset on BitFunder may be imported or exported into any TAT.NEOBEE passthrough, or the underlying asset on Bitfunder.
There is no minimum quantity for transfers, but any transfer order must pay a 1.0 Bitcoin service fee.
How to Transfer Shares:Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to
[email protected] noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes.
After your shares and request have been received, TAT Investments will push your new shares to your account in approximately 24-48 hours.
NOTE: TAT Investments is not responsible for any lost value, arbitrage, or trading opportunities due to delays in processing transfer requests.
Dividend paymentsThe global income of LMB Holdings, including operating profits from all LMB Holdings subsidiaries, will be paid to the LMB Holdings shareholders proportionally, after all operating, growth and miscellaneous expenses are deducted. The 9,600,000 public shares will receive the first dividends up to the value of 0.0035BTC/share, providing public investors a priority in receiving a minimum of 100% return on their investment. Dividend payments will be made on the last working day of each quarter at midnight (GMT+2).
Voting RightsShareholders in LMB Holdings do not have explicit voting rights. Any questions or concerns will be answered within 24 hours through our own investor relations website.
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