Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 134. (Read 658701 times)
If bitcoin continues at this rate and goes to $500-$1000 before neobee opens, this could cause IPO dividend payback to take forever. Since they would need multitudes more fiat coming in to cover the 0035/share. Is there any danger to the business in this case?
...will be required to pay the current service fee (0.5btc 1btc).
Puts a smile on my face.
fuck the fee。
Will there be an API or public record where people can verify ownership and/or quantity of shares in the direct shares system?
...will be required to pay the current service fee (0.5btc 1btc).
Puts a smile on my face.
Investor Relations Website
Neo will be launching a website specifically catering to investors of NEOBEE. The website will be an official source for updates, managing your directly-held profit-shares, and purchasing IPVO profit-shares directly from Neo at the original price. Additional features and resources may be added over time.
Official release date and detailed instructions for migrations will be posted separately very soon.
Features & Transfer Options
1. Each current Bitfunder NEOBEE holder will be allowed, one (1) free migration to either HavelockInvestments.com or to the new directly managed system. Any subsequent transfers will be subject to a service fee of 0.5btc.
NOTE: Please consider this fee before moving to direct management, as you will incur the fee to transfer to Havelock or other exchanges in the future. This fee may be adjusted in the future.
2. Any profit-shares that have not been migrated off of Bitfunder before December 1, 2013, will be converted to direct profit-shares, which will be registered to their wallet address on file with Bitfunder.com. To claim these profit-shares after Bitfunder closes, holders will need to submit a request signed with the private key of the wallet the profit-shares are registered to.
3. After December 1, 2013, any transfers to or from directly-registered profit-shares and any supported 3rd-party exchange service will be required to pay the current service fee (0.5btc).
4. Profit-shares purchased directly from NEOBEE at the original share price of 0.003btc per share, with no added transaction fees. Each purchase of new profit-shares will be allowed one free transfer to any exchange NEOBEE is officially traded on. This free transfer will be limited to the quantity of profit-shares purchased directly.
5. The system will allow free internal direct-share transfers between users, but no escrow or bitcoin transfer services will be provided in the website at this time. While no holder is required to use escrow when making private trades, it is strongly recommended. TAT Investments will provide optional escrow services for 0.5btc or .33% of the deal value, whichever is greater. Simply email any escrow requests to [email protected]
Neo will be launching a website specifically catering to investors of NEOBEE. The website will be an official source for updates, managing your directly-held profit-shares, and purchasing IPVO profit-shares directly from Neo at the original price. Additional features and resources may be added over time.
Official release date and detailed instructions for migrations will be posted separately very soon.
Features & Transfer Options
1. Each current Bitfunder NEOBEE holder will be allowed, one (1) free migration to either HavelockInvestments.com or to the new directly managed system. Any subsequent transfers will be subject to a service fee of 0.5btc.
NOTE: Please consider this fee before moving to direct management, as you will incur the fee to transfer to Havelock or other exchanges in the future. This fee may be adjusted in the future.
2. Any profit-shares that have not been migrated off of Bitfunder before December 1, 2013, will be converted to direct profit-shares, which will be registered to their wallet address on file with Bitfunder.com. To claim these profit-shares after Bitfunder closes, holders will need to submit a request signed with the private key of the wallet the profit-shares are registered to.
3. After December 1, 2013, any transfers to or from directly-registered profit-shares and any supported 3rd-party exchange service will be required to pay the current service fee (0.5btc).
4. Profit-shares purchased directly from NEOBEE at the original share price of 0.003btc per share, with no added transaction fees. Each purchase of new profit-shares will be allowed one free transfer to any exchange NEOBEE is officially traded on. This free transfer will be limited to the quantity of profit-shares purchased directly.
5. The system will allow free internal direct-share transfers between users, but no escrow or bitcoin transfer services will be provided in the website at this time. While no holder is required to use escrow when making private trades, it is strongly recommended. TAT Investments will provide optional escrow services for 0.5btc or .33% of the deal value, whichever is greater. Simply email any escrow requests to [email protected]
You have to remember that the Bitcoin price can go down as well as up. The prospectus has contingencies for this. By Nov 30th Bitcoin could be $120 again.
It makes no sense to change plans other than it will give Neobee more flexibility as they convert BTC->Fiat for immediate expenditure. If the Bitcoin prices is >$200+ and we get into December, then converting a chunk to fiat may give more benefits than were planned. At the same time, they need a BTC reserve.
We have no idea what mix of BTC/Fiat they plan to work with between now and February so it's hard to say how much this has helped.
It makes no sense to change plans other than it will give Neobee more flexibility as they convert BTC->Fiat for immediate expenditure. If the Bitcoin prices is >$200+ and we get into December, then converting a chunk to fiat may give more benefits than were planned. At the same time, they need a BTC reserve.
We have no idea what mix of BTC/Fiat they plan to work with between now and February so it's hard to say how much this has helped.
The announcement is coming, so apologies for the short delay (We need a Bitcoin timezone).
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
Thanks, that's fair enough.
IIRC, the IPVO ends officially on the 30th of November. If, as has been the case for the last weeks, no new shares from the initial IPVO are sold, what will happen? The initial goal was to raise 14,097 BTC. At the beginning of September 1 BTC was worth about $120, so the goal was to raise $1.69 million. I remember you saying that the minimum goal of 9500 BTC had been met, which at a current market price (Bitstamp) of $284 means $2.7 million (unless of course you already converted a big chunk of it to fiat, which would be perfectly reasonable).
So going back to the original question: how are you going to make use of this surplus? keep BTC reserves/fiat reserves? additional expansion plans? I guess the option of turning to VC for more funding should be off the table now, right?
The announcement is coming, so apologies for the short delay (We need a Bitcoin timezone).
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
FAIR ENOUGH.
Quote
THIS WOULD BE A REWARD TO THE SHAREHOLDERS WHO TRUSTED THE COMPANY AND DANNY FROM THE VERY BEGINNING.
The IPVO started 7 weeks ago, you make it sound like we have been invested for years!
The announcement is coming, so apologies for the short delay (We need a Bitcoin timezone).
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
how to do with our shares at BF??can we transfer to HL??
That announcement is coming later today, along with a full list of functionality for the shareholders website and instructions etc.
The announcement is coming, so apologies for the short delay (We need a Bitcoin timezone).
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
how to do with our shares at BF??can we transfer to HL??
Quote
THIS WOULD BE A REWARD TO THE SHAREHOLDERS WHO TRUSTED THE COMPANY AND DANNY FROM THE VERY BEGINNING.
The IPVO started 7 weeks ago, you make it sound like we have been invested for years!
The announcement is coming, so apologies for the short delay (We need a Bitcoin timezone).
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?
I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.
It would be illegal wouldn't it? Breach of contract.
STOP SHOUTING.
STOP SHOUTING.
A breach of contract that no one would complain about though
WHAT BREACH OF CONTRACT?
THERE IS NO CONTRACT WITH "WANNA BE SHAREHOLDERS" WHO DO NOT BOUGHT SHARES OF THE COMPANY.
It would be illegal wouldn't it? Breach of contract.
STOP SHOUTING.
STOP SHOUTING.
A breach of contract that no one would complain about though
It would be illegal wouldn't it? Breach of contract.
STOP SHOUTING.
STOP SHOUTING.
A question for Danny:
with the recent spike in BTC value, isn't there enough money to get the project fully (not just partially) rolling even if there are no more IPO shares sold? Maybe the ownership could be accordingly distributed so current shareholders could get a bigger chunk of the action.
with the recent spike in BTC value, isn't there enough money to get the project fully (not just partially) rolling even if there are no more IPO shares sold? Maybe the ownership could be accordingly distributed so current shareholders could get a bigger chunk of the action.
THIS IS A GREAT IDEA.
GIVEN THAT THE COMPANY NOW HAS (IN EURO TERMS) ALMOST TRIBLE THE AMOUNT INITIALLY COLLECTED, IT IS MORE THAN ENOUGH TO HAVE THE PROJECT FULLY FINANCED, AND THEREFORE NO NEW IPVO SHARES SHOULD BE SOLD AT 0.003 BTC.
THIS WOULD BE A REWARD TO THE SHAREHOLDERS WHO TRUSTED THE COMPANY AND DANNY FROM THE VERY BEGINNING.
ANYONE WHO WANTS TO BUY SHARES OF NEOBEE, CAN DO SO FROM THE SECONDARY MARKET.
DANNY, WHAT IS YOUR VIEW ON THIS?
A question for Danny:
with the recent spike in BTC value, isn't there enough money to get the project fully (not just partially) rolling even if there are no more IPO shares sold? Maybe the ownership could be accordingly distributed so current shareholders could get a bigger chunk of the action.
with the recent spike in BTC value, isn't there enough money to get the project fully (not just partially) rolling even if there are no more IPO shares sold? Maybe the ownership could be accordingly distributed so current shareholders could get a bigger chunk of the action.
That is true but shareholders are guaranteed .0035 in dividends, well above what the shares are panic selling for. Not sure why they would sell when the odds are so great that they will make more holding.
They're not used to real world dividend payout schedules. It's fine by me. I suppose people are also selling because XBT/USD is currently high. Though, I can't reason why they would sell at a 50% loss, given that the price of XBT would have to drop blow $135 to make up that 50%. Easy money all around.
Myself and TAT shall finalize and announce the plans surrounding BitFunder and migrations etc later today.
where is the announcement??
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