Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 135. (Read 658701 times)

ya, this is why i keep buy in this time, it's a good time to buy in for a long term invest.

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.

Of course. With this recovery and continuation of the precedent bullish trend of btc I wouldn't expect the price of shares to return to IPO price if no news about the current situation of the business is released, but we don't really need one for now. Even then we may see some serious sell pressure, since people didn't see this coming and if someone cares so much for his fiat holdings he can probably bear to lose a 30% overall by selling at the points we saw.

Well for a start it is a local bank which is offering people a way to store money which, in theory, is more secure for customers.

In Cyprus they just want people to bank again. Neo may be a somewhat specialist bank, but it's also still a bank. People depositing happily in neo would help regain overall confidence. Neo themselves will be hard pushed to get customers given what's happening, but business and rich individuals really do need a bank for their deposits and transactions.

A successful neo will boost business and perhaps innovation.

I'd suggest that the current situation, and I didn't know it was getting worse, is a boon for neo. Cyprus is desperate.

Danny, has the commission president given any indication how he sees neo versus existing banks?

Many factors not limited to increasing commerce locally, creating an innovative business sector, attracting international capital, creating alternatives options for the people who have lost the trusts in the Banks.

http://www.sigmalive.com/inbusiness/news/financials/73766

Banking on a new era with deep cuts
Angel Aggelodimou | 04 November 2013, 7:51 inbusiness

A number of measures should be taken to get back on the right track by the banking sector in Cyprus recorded in the report of the Independent Commission on the Future of the Cyprus banking sector, while the Bank of Cyprus and the Greek engage in race to achieve the notorious consolidation
"While the list of recommendations may seem scary, Cyprus has the strength to face all the challenges," were the words of the President of the Commission on the Future of the Cyprus banking sector NteivintLassels. Assisted by the other three members of the Committee, George Charalambous NteivintGkrin and Pierre de MEP, Mr. Lassels presented a few days ago the Commission's findings and its recommendations. As said, Cyprus is not the only country facing these issues, however, the banking crisis contains lessons that can help improve international practices in areas such as management of large banking systems and the recovery from the crisis. The current lack of depositor confidence in banks because of the bail-in is the major issue facing the banking industry. The steady migration of deposits continues, despite the existence of capital controls, noted with emphasis Mr. Lassels.
The Commission believes that the best way to restore confidence in a reasonable time, it is the Government to issue government guaranteed all deposits in local banks, and so it must be underpinned by a commitment by the European authorities that will provide the necessary capital and liquidity support. "Without such a guarantee, the uncertainty will continue to affect the local banks and the economy, causing unnecessary damage, for example by restricting the flow of lending and savings."




In this unique and extreme local climate with Cypriot banks closing down branches due to depositor flight how likely are the Cypriot Government to grant a Bitcoin bank an operating licence? They are desperate to get their own banks liquid again and servicing the business and domestic economy with loans and for that to happen they need Cypriot depositors to return.

So a simple question - in what way would granting Neo+Bee freedom to operate help the desperate situation in Cyprus for it's Government and business sector?

Thanks for the questions.

We are bringing clients online and any profit derived from these clients, shall be distributed to shareholders in the exact same manner as any other dividend is paid.

We are a regulated entity, all of our accounts shall be audited by KPMG, so any behaviour as detailed in your concerns would land us in serious trouble.

Hmmm considering the ongoing valuation of BTC right now I have question for you guys.

You said, that you already have some clients, so NEOBEE is already making some profits from rise of BTC value, right?
So the question is, will be profit from this divided between shareholders later? Or you will keep it.

Also ... regarding to transparency, from where the shareholders know what is the profit of NEOBEE? Or do we have only to trust you guys, that you're not just making up some numbers? You can easily say, "we did a 10 000 BTC profit in last Q", but the reality could be that you made 40 000 BTC ... how can the shareholder verify that you are telling truth? It just about trust between you and us?

Disclaimer : I have several thousands of shares ...

Myself and TAT shall finalize and announce the plans surrounding BitFunder and migrations etc later today.

I'd say it is holding its value pretty well considering the BTC/USD has doubled since IPO. Anyone selling cheap will regret it later

hmm, I guess a whale cleared the order book, but I see a few sell walls that are standing (the one at .0025) and we're still several thousand shares from where we were yesterday.

What sell pressure? All I see was a big sell with the usual aftershock and after that a quick recovery.
TO DA MOOON!

what's up with the share price today?  no news, but there is a lot of sell pressure.  Are people just trying to cash out some btc?

Possibly a migration to havelock the fact they are registered as a Panamanian company and got the licenses bodes well for the move
I also remember their e-mail said an exchange was being made for Neobee holders so that is an option

For the intermin the most viable move is a share transfer to havelock and then an export to Neobee when the investor site is finished for the shareholders who want direct shares in my opinion, but lets wait for the official response.

Investor Relations Website

We are currently developing our investor relations website, this will become a portal for all news releases, it will also offer a wide range of content surrounding Neo, Bee and all future subsidiaries. Monthly company performance data will also be released through this website. We will offer direct share management through this website allowing investors to hold shares directly with ourselves.

Direct Share Purchase

We will also implement a direct share purchase option allowing investors to buy and hold shares with ourselves, shares will only be available at the IPVO price of 0.003 BTC/Share. We will allow the transfer of these shares into any trading platform that supports Neo & Bee.

yeah looks like BF is shutting down - whats the next plan of action? xfer all shares to you? migrate to another exchange?

https://bitcointalksearch.org/topic/m.3482565

Oh, noes!  There ain't no foolin' Stuartuk!

Who would have thought a good little girl like you could destroy my beautiful wickedness!

I don't think it would at all. It may make some financial news in a few places and it may be mentioned when Bitcoin is discussed heavily, but that's it. I think you (and others) see this as bigger than it is. At this point anyway.

It's a far bigger deal for regulators than it is for anyone else. It will only really make the news radar in Cyprus unless it's very successful vs other banks.


If it got so big as to have tens of thousands of customers and then it failed, it's either fraud, gross mismanagement or Bitcoin itself failed.


I'm afraid I think that will happen anyway. Tax is tax and it's going to get you one way or another. Quite rightly too.

If you're talking about the gov taking your money when big banks take a haircut, well that's where Neobee gets interesting but I've already said that I'm unsure if they could really stop that unless only one sig was needed to withdraw money. Even then, that transaction is traceable and you'll get the bill.

I said earlier that there is a real temptation to make everything BTC amazing or awful or the most important thing or the currency that kills fiat or it's the thing that banks are shit scared of. It isn't all that at all. It's a new type of financial instrument looking to find its place.

It is not the danger to the entire world of finance some of you guys think it is, only to certain companies. It can be made into a real positive for stable banks in the West. Bitcoin has some big limitations which are also its strengths. In fact it could be real boon to a lot of the financial industry and international business. It's much more of an issue for regulators, I accept that.

i hope so.

That would be nice, we could all rest easy, but it's a very naive view. If this bank gains regulatory approval it will make the mainstream news across the globe in no other way that previous btc progress has. If that bank then went on to fail and tens of thousands of Cypriots lost their savings the shockwaves would reverberate around the finance ministries and regulatory bodies of every nation. That will be the end of BTC banking unless thereafter carried out under the strict regulation that traditional high street banking sector operates under. In other words, the only way to spend BTC in the shops will be via an hsbc or bank of america network. That would open the portal to taxation of BTC savings and the taxation of high street spending of btc. It would give regulators all the excuse they need to exert heavy control over the currency. I'm sure that's another thing you won't agree with but that is THE priority of any government in the face of a mass adoption virtual currency.

Neobee could even be a setup to create the financial crisis that legitimises the legislative attack on crypto currencies. That's why this is a big deal.

I really hope so.