I am going to be doing an AMA on Reddit for most of the day.
http://www.reddit.com/r/Bitcoin/comments/1mr91m/i_am_the_ceo_of_neo_the_bee_payment_network_in/
Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 183. (Read 658701 times)
why are people placing bids above the IPO price???
Because such bids will be filled first (or so I understand)
That's correct, but mainly because they are retards.
or this:So if you expect the IPVO to sell out, you should ensure that you are either among the first to bid at the IPVO price or place a bid at a (small) premium.
630k+ bids on Bitfunder, 250k+ on BTCTC, tomorrow 8 mil shares will be released, I guess there are plenty to go around, no need to start pumping so soon, but yes, higher bids take priority...
I don't think this will sell out straight away, 24k BTC is alot to fill
why are people placing bids above the IPO price???
Because such bids will be filled first (or so I understand)
That's correct, but mainly because they are retards.
or this:So if you expect the IPVO to sell out, you should ensure that you are either among the first to bid at the IPVO price or place a bid at a (small) premium.
630k+ bids on Bitfunder, 250k+ on BTCTC, tomorrow 8 mil shares will be released, I guess there are plenty to go around, no need to start pumping so soon, but yes, higher bids take priority...
What brought you to Cyprus?
My daughter and my family.
The island is beautiful, the people are great and the sun is always shining, so I am never leaving for more than 2 weeks ever again (unless business requirements dictate otherwise)!
this level of transparency, the communication.. has spoiled me to the quality of asset I will invest with in the future. In this cryptic world of identity escrows and unregulated securities, an open channel of honest communication is refreshing. With a person. Not a persona. Others would not have even fielded this question.
Asset issuers in the future, heed this. This is the new standard; we will not accept less.
-Green
How do you plan abiding to the maximum of 5000€ overseas transactions AND permit bitcoin withdrawals? Won't someone be able to deposit 100000€ and then send the bitcoins wherever he wants? More generally, how will the goverment be okay with you offering such a simple entry-point for bitcoin's pseudo-anonymous features?
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The government doesn't like cash either.
They'll find some way to regulate but until they do, why not profit?
What brought you to Cyprus?
My daughter and my family.
The island is beautiful, the people are great and the sun is always shining, so I am never leaving for more than 2 weeks ever again (unless business requirements dictate otherwise)!
What brought you to Cyprus?
Couple of things:
- Danny Brewster prepared the prospectus. Is that his legal name?
- Who did the market research for the survey in the prospectus?
- No resume material on any of the other people including Danny. How do we find these people?
Yes my name is Danny and not Daniel, I have provided all the required documents to Ukyo to confirm my identity and TAT has had confirmations from our strategic partners that I am who I claim to be and have the existing partnerships in place.
I performed the market research but other statistical surveys in relation to the public perception of the traditional banks has been provided within the thread.
What do you want to know about me? My address is included on the holding companies website, it is also a registered address with companies house in the UK. The office address is included in the thread and the head office shall become our permanent location as of Monday when we take delivery.
Couple of things:
- Danny Brewster prepared the prospectus. Is that his legal name?
- Who did the market research for the survey in the prospectus?
- No resume material on any of the other people including Danny. How do we find these people?
How do you plan abiding to the maximum of 5000€ overseas transactions AND permit bitcoin withdrawals? Won't someone be able to deposit 100000€ and then send the bitcoins wherever he wants? More generally, how will the goverment be okay with you offering such a simple entry-point for bitcoin's pseudo-anonymous features?
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
Because to operate any account they will be subjected to AML/KYC and all reporting procedures that "everyone" is subjected too.
€5000 from existing Cypriot Monetary Financial Institutions overseas is currently implemented, until the Troika meeting in September when it shall be reviewed. The paper money we accept won't leave Cyprus, the 1's and 0's representing those Euro notes are accounted for elsewhere in the world (Currently subject of an NDA so apologies that I cannot provide more specific details). By design we have zero exposure to the existing Banking infrastructure here in Cyprus.
Irregardless of the above points http://www.ft.com/intl/cms/s/0/4cd86244-2039-11e3-b8c6-00144feab7de.html#axzz2fMgzKJN9
THE DREADED NDA
I wish they were temporarily abolished because I want to share much more than is currently possible, but they are a necessity in business.
well, that was quick 
so, if I understand correctly, you're saying that it would be okay for current Cyprus' law for someone to deposit 6000€ in your bank, and immediately after send the bitcoins to someone in another country, as long as the cash notes actually remain in Cyprus?
so, if I understand correctly, you're saying that it would be okay for current Cyprus' law for someone to deposit 6000€ in your bank, and immediately after send the bitcoins to someone in another country, as long as the cash notes actually remain in Cyprus?
Yes because "Money" isn't moving in the eyes of the Central Bank from a Cypriot MFI to an overseas location.
well, that was quick
so, if I understand correctly, you're saying that it would be okay for current Cyprus' law for someone to deposit 6000€ in your bank, and immediately after send the bitcoins to someone in another country, as long as the cash notes actually remain in Cyprus?
so, if I understand correctly, you're saying that it would be okay for current Cyprus' law for someone to deposit 6000€ in your bank, and immediately after send the bitcoins to someone in another country, as long as the cash notes actually remain in Cyprus?
How do you plan abiding to the maximum of 5000€ overseas transactions AND permit bitcoin withdrawals? Won't someone be able to deposit 100000€ and then send the bitcoins wherever he wants? More generally, how will the goverment be okay with you offering such a simple entry-point for bitcoin's pseudo-anonymous features?
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
Because to operate any account they will be subjected to AML/KYC and all reporting procedures that "everyone" is subjected too.
€5000 from existing Cypriot Monetary Financial Institutions overseas is currently implemented, until the Troika meeting in September when it shall be reviewed. The paper money we accept won't leave Cyprus, the 1's and 0's representing those Euro notes are accounted for elsewhere in the world (Currently subject of an NDA so apologies that I cannot provide more specific details). By design we have zero exposure to the existing Banking infrastructure here in Cyprus.
Irregardless of the above points http://www.ft.com/intl/cms/s/0/4cd86244-2039-11e3-b8c6-00144feab7de.html#axzz2fMgzKJN9
THE DREADED NDA
How do you plan abiding to the maximum of 5000€ overseas transactions AND permit bitcoin withdrawals? Won't someone be able to deposit 100000€ and then send the bitcoins wherever he wants? More generally, how will the goverment be okay with you offering such a simple entry-point for bitcoin's pseudo-anonymous features?
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
Because to operate any account they will be subjected to AML/KYC and all reporting procedures that "everyone" is subjected too.
€5000 from existing Cypriot Monetary Financial Institutions overseas is currently implemented, until the Troika meeting in September when it shall be reviewed. The paper money we accept won't leave Cyprus, the 1's and 0's representing those Euro notes are accounted for elsewhere in the world (Currently subject of an NDA so apologies that I cannot provide more specific details). By design we have zero exposure to the existing Banking infrastructure here in Cyprus.
Irregardless of the above points http://www.ft.com/intl/cms/s/0/4cd86244-2039-11e3-b8c6-00144feab7de.html#axzz2fMgzKJN9
How do you plan abiding to the maximum of 5000€ overseas transactions AND permit bitcoin withdrawals? Won't someone be able to deposit 100000€ and then send the bitcoins wherever he wants? More generally, how will the goverment be okay with you offering such a simple entry-point for bitcoin's pseudo-anonymous features?
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The fact that most people won't do bitcoin direct transactions, since they aren't tech-savvy enough, is certainly true but isn't a solution to the problem IMHO - the goverment won't like for this loophole to be there.
The point is, Neo Bee is for long term investment. If you're willing to wait for a couple years then these shares could be worth a fortune but if you're in it for the short term dividends then go somewhere else. Neo Bee is the type of thing to raise the price of Bitcoins to $5000-10,000 and that would make the shares extremely lucrative.
Cyprus: The next world power?
Well it was one of the strongest currencies before it entered the euros (stronger than GBP)
The point is, Neo Bee is for long term investment. If you're willing to wait for a couple years then these shares could be worth a fortune but if you're in it for the short term dividends then go somewhere else. Neo Bee is the type of thing to raise the price of Bitcoins to $5000-10,000 and that would make the shares extremely lucrative.
Cyprus: The next world power?
With the IPO being open until the end of November, it is very likely that a price war might break out.
Those that have submitted valid bids at the IPO selling price should not be penalized by being forced to go above 0.003 in order to get the shares requested.
Is there a mechanism that can secure this?
Huh? 9,000,000 shares will be dropped on the exchanges tomorrow. Those shares have until November to sell out.Those that have submitted valid bids at the IPO selling price should not be penalized by being forced to go above 0.003 in order to get the shares requested.
Is there a mechanism that can secure this?
You should expect those shares to sell out in the same day, probably within a few hours.
With the IPO being open until the end of November, it is very likely that a price war might break out.
Those that have submitted valid bids at the IPO selling price should not be penalized by being forced to go above 0.003 in order to get the shares requested.
Is there a mechanism that can secure this?
Those that have submitted valid bids at the IPO selling price should not be penalized by being forced to go above 0.003 in order to get the shares requested.
Is there a mechanism that can secure this?
Bidding wars are common and should be considered the new normal. Labcoin had a bidding war which almost took down BTC.CO. Neo Bee is going to be far worse, but honestly Neo Bee is a different kind of investment. A bidding war in this scenario is beneficial to both Neo Bee and investors because it could mean that Neo Bee can build more branches and do more marketing.
Unlike mining, it's not a matter of getting to the market first with Neo Bee. Neo Bee wants to make a profit and that profit will become dividends anyway up to 0.0035 I believe? So that means you can make a guaranteed profit in a bidding war up to around 0.0035 but anything over 0.004 would be risky for investors.
The point is, Neo Bee is for long term investment. If you're willing to wait for a couple years then these shares could be worth a fortune but if you're in it for the short term dividends then go somewhere else. Neo Bee is the type of thing to raise the price of Bitcoins to $5000-10,000 and that would make the shares extremely lucrative.
For the VC and private equity funds the amount requested by NEOBEE is peanuts, literally a petty cash amount.
They will most probably want a piece of the action and would be a pity if 1 or 2 of them arrive last minute to grab all the shares leaving the small investors disappointed.
They will most probably want a piece of the action and would be a pity if 1 or 2 of them arrive last minute to grab all the shares leaving the small investors disappointed.
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