[IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 184.

Rannasha

hero member

Activity: 728

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Quote from: xchrisxsays on September 19, 2013, 11:15:57 AM

Really what will happen if it sells out is that people will just place bids higher than those currently placed, moving their previous bids from .003 to a higher price.

Then you get into a bidding war that is extremely detrimental to shareholders but very lucrative for NEOBEE.

This is what happened with LABCOIN just before their IPO, which forced Burnside to come up with a last-minute fix that allocated shares (at IPO price) proportionally to the amount you bid on (for all bids at or above IPO price). In a way, this is a better solution for IPOs that attract a lot of investors as the bidding war is just awkward for all involved (the company can suddenly end up with quite a bit more coin than they had budgeted for).

Skoutz

member

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I believe that it will sell out well before that.

Venture capital money has not been in town yet!

For the time being is us i.e. soft wallets playing kindergarden games

lewicki

sr. member

Activity: 294

Merit: 250

Quote from: Skoutz on September 19, 2013, 11:21:37 AM

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.

Skoutz

member

Activity: 109

Merit: 10

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?

xchrisxsays

member

Activity: 98

Merit: 10

Really what will happen if it sells out is that people will just place bids higher than those currently placed, moving their previous bids from .003 to a higher price.

Then you get into a bidding war that is extremely detrimental to shareholders but very lucrative for NEOBEE.

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: pedrog on September 19, 2013, 10:54:45 AM

Quote from: E.Sam on September 19, 2013, 10:44:28 AM

Quote from: shaft on September 19, 2013, 10:41:56 AM

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:

Quote from: Rannasha on September 19, 2013, 10:56:46 AM

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.

shaft

newbie

Activity: 7

Merit: 0

Quote from: Rannasha on September 19, 2013, 10:56:46 AM

Quote from: E.Sam on September 19, 2013, 10:44:28 AM

Quote from: shaft on September 19, 2013, 10:41:56 AM

why are people placing bids above the IPO price???

Because such bids will be filled first (or so I understand)

Correct. The standard order-priority on exchanges is that bid orders with a higher price get filled first. In case of multiple bids at the same price, the bid that was placed first gets filled first. On BTC-exchanges, IP(V)Os are typically not much more than the issuer placing a single large sell order at the IPO price.

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.

thanks for the info. i was wondering with 8,000,000 shares it seems rather... premature to me.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: E.Sam on September 19, 2013, 10:44:28 AM

Quote from: shaft on September 19, 2013, 10:41:56 AM

why are people placing bids above the IPO price???

Because such bids will be filled first (or so I understand)

Correct. The standard order-priority on exchanges is that bid orders with a higher price get filled first. In case of multiple bids at the same price, the bid that was placed first gets filled first. On BTC-exchanges, IP(V)Os are typically not much more than the issuer placing a single large sell order at the IPO price.

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.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: E.Sam on September 19, 2013, 10:44:28 AM

Quote from: shaft on September 19, 2013, 10:41:56 AM

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.

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: shaft on September 19, 2013, 10:41:56 AM

why are people placing bids above the IPO price???

Because such bids will be filled first (or so I understand)

shaft

newbie

Activity: 7

Merit: 0

why are people placing bids above the IPO price???

mpr20rt

full member

Activity: 126

Merit: 100

Quote from: lewicki on September 19, 2013, 10:06:20 AM

Quote from: wolfbiter on September 19, 2013, 09:55:59 AM

where are you getting your numbers? it seems to me that ~670,000 on BF is ~2000 btc alone

Entirely correct:

~670,000 on BF
500,000 for XBOND (which will go to BF)
~230,000 on BTC-TC
~8,000 on Havelock
-------------------
1,408,000

=4224 BTC

9,500 BTC needed by November

~44% funded.

Quote

There are three phases of the IPVO:

Private Tranche - 1,100,000 Shares - Sold privately to Angel Investors - Completed

Pre-IPVO Offering - 500,000 Shares @ 0.0025 BTC each - Begins September 17th at 17:00 UTC
(Pre-IPVO Offering, available only to XBOND holders, see next section)

Public Offering - 8,000,000 Shares @ 0.003 BTC each - Begins September 20th at 17:00 UTC

plus 1100000*(0.002=

lewicki

sr. member

Activity: 294

Merit: 250

Quote from: Skoutz on September 19, 2013, 10:15:55 AM

On Havleock is around 50,000

~670,000 on BF
500,000 for XBOND (which will go to BF)
~230,000 on BTC-TC
~49,600 on Havelock
-------------------
1,449,600

=4348 BTC

9,500 BTC needed by November

~45.7% funded.

Skoutz

member

Activity: 109

Merit: 10

On Havleock is around 50,000

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: lewicki on September 19, 2013, 10:06:20 AM

Quote from: wolfbiter on September 19, 2013, 09:55:59 AM

where are you getting your numbers? it seems to me that ~670,000 on BF is ~2000 btc alone

Entirely correct:

~670,000 on BF
500,000 for XBOND (which will go to BF)
~230,000 on BTC-TC
~8,000 on Havelock
-------------------
1,408,000

=4224 BTC

9,500 BTC needed by November

~44% funded.

This looks great!

lewicki

sr. member

Activity: 294

Merit: 250

Quote from: wolfbiter on September 19, 2013, 09:55:59 AM

where are you getting your numbers? it seems to me that ~670,000 on BF is ~2000 btc alone

Entirely correct:

~670,000 on BF
500,000 for XBOND (which will go to BF)
~230,000 on BTC-TC
~49,600 on Havelock
-------------------
1,449,600

=4348 BTC

9,500 BTC needed by November

~45.7% funded.

Edit: update

wolfbiter

newbie

Activity: 11

Merit: 0

Quote from: lewicki on September 19, 2013, 07:54:42 AM

Quote from: runam0k on September 19, 2013, 07:09:00 AM

Quote from: oxideNL on September 19, 2013, 06:58:55 AM

I've never been as much excited about a IPO
Wish the team the best of luck!
This could really be a game changer. A big one.

And I''ll definitely buy shares like a mad man.

Edit :
@BTC-TC: 735482 Shares, 703.679554 BTC
It's beautiful <3

I think that includes 500000 @ 0.00000001...

Still, very much expect this to be a successful IPO and really looking forward to seeing what Neo Bee can achieve in Cyprus and beyond.

~670,000 on BF
500,000 for XBOND (which will go to BF)
~230,000 on BTC-TC
-------------------
1400 BTC

9500 Needed by November

~15% funded.

I like how more money is flowing through BF, it's not as bad (at all) as people say it is. From what I have seen, their legal is well managed as well.

where are you getting your numbers? it seems to me that ~670,000 on BF is ~2000 btc alone

jedunnigan

sr. member

Activity: 279

Merit: 250

Quote from: Luckybit on September 19, 2013, 04:50:02 AM

Only the US has an SEC institution trying to do this? I'm not sure any of this would work. US citizens would just change their IP making it pointless to try and filter by IP. Anyone determined enough to invest will invest even if by pass-through entities that invest on behalf of US citizens.

It is similar to the the gambling scenario - all you need is a good faith effort to turn Americans away. It will not be enough to have a "check this box if you are not an American" kind of thing, but an IP filter should be enough. Yes someone could bypass it, but you are no longer legally liable because you did all you could. It's all about the good faith effort.

I spoke with someone on the phone from the SEC and they said there are international IPOs with domestic US companies all the time (where they bar US investors). So it doesn't seem like to far of a stretch...

Quote

As far as I know the JOBs Act is actually working in the US on a state by state basis. Individuals in certain states can start businesses and rely on their state laws to do equity crowd funding prior to a decision by the SEC.

Well the JOBS Act is federal law, but as you pointed out states appear to be able to have their own rulings on the matter. I didn't know states were willing to deviate from the federal statute. Hopefully Georgia isn't an exception to the rule. Lemme go check NY....

Quote

I don't think it's a big deal but I do think the US likes to over regulate to protect the unsophisticated investor which actually will hurt the economic growth of the US. If you don't launch your business in the US because of this then that is case in point.

True story.

jeffhuys

sr. member

Activity: 252

Merit: 250

This seems very interesting. Bought some shares

lewicki

sr. member

Activity: 294

Merit: 250

Quote from: runam0k on September 19, 2013, 07:09:00 AM

Quote from: oxideNL on September 19, 2013, 06:58:55 AM

I've never been as much excited about a IPO
Wish the team the best of luck!
This could really be a game changer. A big one.

And I''ll definitely buy shares like a mad man.

Edit :
@BTC-TC: 735482 Shares, 703.679554 BTC
It's beautiful <3

I think that includes 500000 @ 0.00000001...

Still, very much expect this to be a successful IPO and really looking forward to seeing what Neo Bee can achieve in Cyprus and beyond.

~670,000 on BF
500,000 for XBOND (which will go to BF)
~230,000 on BTC-TC
~49,600 on Havelock
-------------------
1,449,600

=4348 BTC

9,500 BTC needed by November

~45.7% funded.

I like how more money is flowing through BF, it's not as bad (at all) as people say it is. From what I have seen, their legal is well managed as well.

Edit: I accidentally some numbers

Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 184. (Read 658701 times)