Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 171. (Read 658701 times)

Thanks

We are paying many of our expenses in BTC, mostly at the partners request.


1. To do it personally, you can see the amount of the asks @ 0.003BTC/share and we will provide regular updates ourselves.

2. I have already had lots of offers, that I can return to should the need arise, but I want to give the Bitcoin community the chance first and foremost.

3. Once I return from Amsterdam, shortly after an announcement will be made in relation to the executive team. (I have been trying really hard to not us the words "2 Weeks")

4. Offices, we take delivery tomorrow! The branch 3d walkthroughs will be completed in 15 days from tomorrow. We take delivery of the branch on the 23rd November to commence the interior renovations.

IPVO is in bitcoins, so they should have a decent amount of BTC available already. I guess the problem will be the opposite - slowly selling BTC from the IPVO to cover branch and other expenses without moving the price down too much.

Thanks for the clarifications.

I have a couple of more questions:

1. How can someone monitor the number of shares being sold on a daily basis?

2. Will you sell big %s on venture capital and equity funds?

3. Update on executive management

4. Update on opening of building/office and branch.

Imo already buying bitcoins to have as funds is a good idea.. to slowly buy them in this 2 months period. so then u don't need to buy  100k btc in a week   and the usd/btc price will not feel the hit

Yes our lowest paid employees are administrative assistants, however you are not far from my salary.


Who else participates in the 40%?
[/quote]

A percentage has been negotiated with some members of the executive management, to attract the best people away from their existing roles at a sustainable salary, I have used my own holdings to achieve this. These holdings will not be made available on the public market by the members of executive management.

 I personally hold the majority of the 40%
[/quote]

Who else participates in the 40%?

Lowest paid permanent employee will be the security guard, desk clerk or cleaning lady? Minimum wage in Crypus is 870 euros in first 6 months and 925 euros after that. I think 1,000 would be decent given the country's high unemployment, as lots of people lost their jobs there recently.

Does this mean your wage won't be higher than 4,000 euros?

I will have 0 in bonuses and it will always remain like that. I personally hold the majority of the 40% and that will be where any benefits of being successful will eventually be generated from.

I have decided that my salary will never be anymore than 4x the lowest paid permanent employee, I am not driven by greed, the financial benefits for myself will be realized through the results of the business over a long period of time.

Can you gives us an idea about your wages and bonus compensations? How high will they be?

High wages and bonus compensations can seriously eat into the 60% public stake, thus indirectly increasing your 40% by a LOT.

People in Cyprus have the illusion that the deposits below 100K have been "saved". Also the people in Europe have the same illusion. This is untrue. Nobody can "guarantee" deposits below 100K.

Talking about Cyprus, the Cypriot economy cannot afford such a guarantee because it does not have the money. The fact that capital controls exist, even for money movements within Cyprus, the fact that you can only withdraw 300 euros per day says it all.

If you have, say, 80,000 in the bank they just give you a certificate that you have this deposit but you cannot access the money because they ARE NOT THERE, THEY DO NOT EXIST, they just give you 300 euros per day until the system collapses.

I will be keeping everyone up to date with our progress and thank you for investing.

Eagerly, awaiting the EU "branchout" so EU businesses can open accounts with you.

Do keep us updated, already in for several shares - next up to be a customer

all the best, and thanks for this.

Lets work together to make BTC a success.

No, but they were 2 hours away from it becoming a reality, irregardless of the "insurance", the church had also offered up their assets to stop the €1k+ deposits being haircut. Please remember that what is reported in the global media and what is actually happening/happened locally is generally vastly different.

They still have to complete the restructuring of the credit-unions, which is going to cause another mess.

Bottom line here is that Laiki depositors with savings below 100,000 didn't lose one dime. Probably 98 or 99% of mid-low income Cypriots fall in this category.

I know what you're offering. You are basically offering Euro pegged deposits held in Bitcoin not backed by government or by a private insurance company(unless probably customer buys that as extra product). This will be your main source of revenue according to your statements.

Had depositors made one 100,000 euro Laiki deposit and another 100,000 euro Bank of Cyprus deposit, they would have had a combined 200,000 euro in deposits safely insured for free by government. By using same method with other banks, many could have achieved even higher insured deposits. Everyone knew deposits above 100,000 weren't insured and yet in some cases like Bank of Crypus they actually were to some degree.  The 62.5% of deposited amount was actually a gift to Bank of Cyprus depositors.

As I was saying, though, your business may be a success because most people are highly emotional. I'm even considering buying some of your shares. I hope, though, you'll try to get more revenue from actual Bitcoin deposits linked to debit/credit cards and not from pegged accounts. Getting greedy on the pegged side of the business might backfire.

Thanks, if you have any questions, I will answer them

This scenario has already been answered several times, and your vision of what we are offering is incorrect.

Those in Laiki who had 100k lost 100% of everything above 100k, those in the Bank of Cyprus lost 47.5% of everything over 100k.

Do you think the Central Banks can actually cover every insured deposit?

Heard your interview on http://letstalkbitcoin.com/speculative/#.Uj0RYT__Giw
and then invested some BTC via Bitfunder.com
All the best rolling out your services in Cyprus.

Yeah, you may be right about politicians seeking public support to get re-elected. Quite a few people lost their jobs in banking sector there and probably hold a grudge against banks or something.

I think your business may succeed with good marketing because most of the people are not rational.

In a free market scenario those people holding 100,000 euros or less would have lost 100% of their money due to bank failure, without private insurance. Also, as you won't be operating as a bank, in case you fail people will also lose 100% of their money unless you also sell them some private insurance which won't be cheap.

So basically, why choose you when they can get insurance for free from state?! Yes, some depositors over 100,000 lost some of their money because state couldn't provide full insurance due to being insolvent, however, in your case people would have lost everything.

To a rational person this is very easy choice: deposit money with you with the risk of losing it all or go with the state insurance of bank accounts that so far worked pretty well. But, as I was saying, most people are not rational so your business might work with some emotional touching marketing.

Roughly 38% of the 9,600,000 shares have already been sold.