Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 139. (Read 658701 times)

Quite simple, I clearly prove want to prove that Neo are not clear about what product they are offering. (I'm happy to take criticism - look at the Asicminer thread when I spent some time warning people that the shares were over-valued at 4-5+ BTC. I was ridiculed - they are now at 0.6.)

Crypto has confirmed in his response that Neo will be selling the product as customers invest euros and buy bitcoins, only thats not true since if Bitcoins rise in value they will be taken away from the customer and the customer cannot access or use their bitcoins directly SO THEY DO NOT OWN BITCOINS AS WE KNOW THEM. I'm really looking forward to the marketing leaflet that explains that clearly.

It's quite simple, Neo cannot actually make it's mind up if it's selling their customers Bitcoins, offering them a Euro deposit account, or some completely unclear and indescribable mix of the two.

I'm not asking questions they will not need to answer when asked by potential customers, is just that for all the good stuff about interested parties, great staff and a shiny new branch, there's still no clarity on the actual core product itself. Perhaps showing us a leaflet or product page on a website will help, afterall it's unlikely that Neo would build a branch without exactly knowing what their product is and how it will be described.......?

Probably being painfully obvious here, but twitter + a blog (wordpress?) are a powerful way to ensure communication is universal and available.

This more than likely won't happen, however we do have #neobee on IRC where I personally try and get on when I can. I will be around on IRC today for a few hours.

If we get a public and private(shareholder) forum on the new site I would drool. I understand that that may never happen though.

+1.
but i guess it wont work here, make it on your new website.

Thanks for the clarification!

Bitcointalk.org is not an official platform for company news (this is a habit we'll all have to break eventually, not just Neo).

Official announcements are made to shareholders first via each exchange's announcement features.

Additionally, the most recent announcement specifies that an official investor relation website is under production.

Danny, could you please create a new locked thread for official announcements only..

Mate, why are you asking questions you know the answer to? Not even good questions at that? It's just a time wasting exercise. If you want private answers then ask over pm or go to a conference and meet in person.

You're deliberately misunderstanding or misrepresenting what they are doing. If it isn't deliberate, you need to go read the prospectus again, not keep asking the CEO.

Thanks for your answer, it is appreciated by me that you will discuss this directly.

Please indulge me with some more simple questions so we can follow this through and you can prove me wrong.

If you have exchanged their euros for bitcoins, as you have just confirmed (just like a currency exchange) then at that point you will be telling them they own a specific amount of bitcoins. What happens when Bitcoin then doubles in price, do they still own the same number of bitcoins or will you then be telling them that you had to take some back from them?

Very promising!

Wow, that's fantastic. You guys really are going to be big players, and I think the MPesa partnership will be great for expanding Bitcoin into communities where it can really make a difference.

Thank you! Looks great.

And the ECB report on crypto currencies was quite positive...

Neo & Bee Update November 1st 2013

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.

We will provide more information regarding transfers immediately before we launch the website (1 – 2 Weeks).

Appointment Of CFO – George Ioannou

George is joining the team as the CFO. George is a member of the following;

Fellow Member of the Association of Chartered Certified Accountants (UK)
Member of the Institute of Public Accountants in Cyprus (CYP)
Member of the International Institute of Internal Auditors (USA)
Member of the Institute of Internal Auditors in Cyprus.
Member of the Public Risk Management Association (PRIMA) – European Body

With a strong background in a CFO Role at both Fiduciana Trust Cyprus and Otenet Telecom Ltd, previous experience includes roles for Alpha Bank in the Credit Risk and Internal Audit Divisions. George brings a vast amount of experience to the team and will be working closely with every aspect of the business.

Direct Bitcoin Purchases (EU)

We are launching a website that will utilize a cash payment network around Europe to allow members of the public to purchase Bitcoin almost instantly using cash directly from ourselves, this will mainly be targeted at the under served UK Bitcoin Economy. This website shall be launched and fully functional prior to January 31st 2014, I will provide more updates as developments are made including the name of the cash payment network operator once we are in a position to do so.

Kenyan Entity

We have been forced to register a subsidiary in Kenya (Under Application) for the corporate account to be opened with MPesa. We have also established a direct link with the founder of MPesa that can be utilized should the need arise.

Updated Prospectus

An updated prospectus is still being prepared, a high workload on the ground here is delaying this progress, the work being done on the ground is being given priority over the updates to the document. It won't be long before it is released and I will update on the timeframe when it is clearer to myself when it is possible to get it released.

Neo & Bee Presents The Cyprus Investors Show 2014 (December 2013)

We are the main sponsors of the event, we will gain a large amount of publicity through being the main sponsors of the event, the target demographic for the event are High Net Worth Individuals, Private Investors, Investment and Asset Management Firms , Private Banks and other financial institutions, Financial Services organizations , Investment Advisors, Investment Bankers, Wealth / Asset management firms and professionals, Financial Planners, Portfolio Managers, Pension Funds, Insurance Companies , Lawyers - Legal advisors, Accounting professionals, Tax planners, Family offices .
   The event has been operating for a number of years and is one of the largest conferences held on the island, once the final branded invitations are completed, I shall provide them for everyone to see.

Cover of In Business Magazine (February 2014)

I have been approached to be on the cover of In Business magazine for their February issue (I agreed), there is already a buzz around the business world here in Cyprus about the company that is bringing Bitcoin to Cyprus for everyone. The magazine is the largest business publication in Cyprus, the feature will include a multiple page spread on Neo & Bee.

How does this theory explain why Germany, economic powerhouse of Europe, has taken such a benign stance on bitcoin?

Right but Bitcoin can still survive extreme lows. Whether or not NEO can is another question entirely....

All valid points but tanking price is what these people do every day, many of them are career market manipulators with billions in funds behind them. If they wanted to buy neo they would turn it to dust first, then buy it out for 5% its previous value.

For share holders it may then succeed but odds wise I would put this in the hundred to one stakes overall. Yes largely because of the mass adoption issue which is their first and biggest struggle. If it gets there the next hurdle is financial attack from every corner of the western world. You'd need Steven Seagal for even half a chance and I don't think even he would fancy the risk.

Minerpart, that doesn't actually make business sense.

In this case it'd be cheaper and more sensible to just buy the company or compete. I fully expect both to happen if bitcoin becomes a disruptive influence. Pure business decision. NEOBEE will know this full well as do the professional investors in it. NEOBEE aren't doing anything that others can't do but if they make it work they will profit, one way or another.

If NEOBEE fails it won't be because of some banking conspiracy of that kind. Much more likely, if this is how you think, that they would make it politically difficult to expand internationally or pressure merchants not to accept bee (which would have major ramifications at the EU Commission but could happen). In both cases it would be a delaying tactic for 1-2 years whilst they sort their shit out. That is possible but it depends upon a lot of other factors.

Neobee's model has significant risks but quantifying investment risks is something that amateur bitcoin investors seem to be rather poor at. Banks ganging up to fuck over the bitcoin exchange rate is possible but very unlikely, and is a problem for bitcoin rather than NEOBEE (ie forget about bitcoin if you think they will do this).

NEOBEE's risks are considerable, not least getting sufficient customers, merchants, technical implementation, and being able to operate as planned (due to regulation). Banks or institutions tanking bitcoin? Barely makes the list.