Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 176. (Read 658701 times)

Roughly until now

~ 1.1m private & XBOND
~ 1.83m in Bitfunder
~ 2.1m in BTC
~ 0.3m in Havelock

-TOTAL 5.33m * 0.003 * $123 = approx. $2 million.

Not bad within 1 day from the IPO date!!!

I love the idea of a Bitcoin Bank, but I have some reservations.

1. The team is not final. Success of a startup company depends on the team more than the idea. Several key positions are not filled which means we have no idea how to evaluate if the team is good at execution or not.

2. Projections and plans are over optimistic. Software development hasn't even begun. Good luck getting software developed for banking within 3-4 months. You plan to commence renovations on the second branch BEFORE the first branch has been tested and processes have been tweaked out. The overall plan seems that it is based on having no failures on the way. It calls for scaling before testing.

3. Marketing. Please please talk with someone who understands performance based marketing. Big agencies sell you on GRPs and the % of population you will reach - because thats where they make money. You don't want to reach 85% of the population once. You want to reach 20% of the population 10 times. Ask yourself what is better: persuading 100% of the people 10% of the way, or persuading 10% of the people 100% of the way.

Before you even begin advertising - you want to hire a PR agency and get free press. Free radio interviews. Free articles in newspapers and magazines. Only after that do you want to hire an ad agency.

I love your ideas about direct mail and airline presence.

Hate the idea about piggy bank teaser campaign. There have been very very few teaser campaigns that have succeeded. Seriously name one teaser campaign that was successful. Teaser campaigns have a very high failure rate because people just don't have that long of an attention span. If you want to wow people, just hold a conference and burn some fiat.

(I know a bit about marketing. Feel free to PM me if you want to refine your marketing plans, but expect a few tough questions.)

4. And finally, there is lack of information on what I believe will be your main source of income: pegged accounts. How will you minimize risk if bitcoins start decreasing in value? How will you prevent mass bank withdrawals if bad news arise? A bad month or a bad rumour can wipe 12 months of profits out. Without knowing that you are capable of handling extreme situations, investment seems risky.

ok seams that he is not dead im in 

this looks great. 

The shares continue to pour in.

Note this also does not include the number of NEOBEE shares redeemed on BitFunder for XBOND shares either.

-Ukyo

Thank you for clearing this.

Technically all shares are issued on BitFunder.

Please keep in mind that the others exchanges are pass-through to BitFunder shares.

As of now IPO sold shares:
BitFunder: 1,237,272 Shares ( ฿3,716.8453422 BTC )
Btct: 377,992 Shares ( ฿1,135.3 BTC )
Havelock: 219,981 Shares ( ฿661.1   BTC )

Yap, I was doing the math in my head and it didn't seemed right, that gives a total of 11.5 mil shares and there were issued 9.6 public shares, right?

Edit: Ok, this:

1,865,916 + 2128376 + 281254 - 9 600 000 = 5 324 454 shares sold.

This is completely incorrect

Yeah they didn't issue that many shares on each one

TAT can give the correct numbers.

Meanwhile:

BitFunder, 5 mil issued, 1,865,916 available.

BTCTC: 6 mil issued, 2128376 available.

Havelock: 500000 issued, 281254 available.

Did I got this wrong?

This is the first BTC investment that I have really gotten excited about.. other than bitcoin itself

picked up some more someone just put up some under IPO price..

Did a quick copy and paste from btct.co trading history, about 350k shares have been sold there.

In details it says 367504 / 6000000 Issued, guess that's the accurate number.

Where do you see that?

Really? Doesn't look like that on btct.co.

Seems to me like you've taken the number of aviable shares on btct.co and concluded that all missing shares from the IPO start have been sold when in reality they are also on other platforms.

Around 7 million.

How many shares sold so far?

Nevermind - easy to see 24h volume on all the three exchanges. A total of 5000++ or 6000BTC if all of the XBOND offerings were sold (I don't have this information).

I can bring a heart monitor too, to provide evidence I am still alive.  
If you do go to the conference, please grab me (nicely) and say hi.

Jump on over to bitfunder... you have to have an account at eexchange as well, but it works for me...