Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 187. (Read 658701 times)

I have a question about the buisiness plan.  You plan for an appreciation of the Bitcoin price from February onwards for 6 months, how will you be affected by large changes in the Bitcoin $ cost if it moves before next February?  Also you don't seem to have factored the same bitcoin growth in between now and February as you have from February onwards, is this because of the affect your buying will have on the world market?  In the conservative case you would own about 5% of the worlds bitcoin next August so I guess that could change the price a bit!

I wonder if a crash in bitcoin price before February would be advantageous or not for you.  It would mean that you are buying in low, but your IPO money is less valuable.  Also the reputation of bitcoin might have been hurt by a large fall making it less popular with the risk averse...  

I really like the idea and think that as long as the bitcoin price plays ball, it looks very promising.

Thanks for the updated prospectus, keep up the good work.

Some issues I see / points that would require further clarification:

1)
"Euro­pegged accounts remove the risk of BTCEUR price drops from the customer onto the bank, which is hedged with company EUR reserves and an aggressively risk­averse trading desk" (p.7)

I don't see the EUR reserves showing up in the financial projections. Did you just pool Fiat and BTC together to the total BTC holdings (eg. 68,295 BTC for Feb)? If so, what ratio of the holdings will you keep in EUR? Just... a ballpark figure... 1%, 10%, 50%? If not, what are your projected EUR reserves?


2)
From the financial projections: "Total BTC Holdings: 68,295 - Required Reserve (BTC): 67,964"

To me this likes you only plan for 0.49% of BTC holdings on top of what is required. This seems little compared to the sudden price drops BTC tends to make. Which brings me to 3)


3)
The most conservative profit projection you show is based on a BTC growth of 1%. What happens if there is no growth but rather decline? Even assuming that Bitcoin will grow over the next couple of years, there's still a chance that your first year of business will take place during a time of Bitcoin decline. How much decline can you handle?


Edit: Don't get me wrong though, looking at the current state of banking regulations and the reserve requirements for traditional banks you guys are still on a great way, I'm just trying to dissect and understand the aspects of your operation that I think are the most critical

This plan only works if confidence is low enough across the board that the price actually drops below IPO level. If you look at Labcoin, which is either an outright scam or has the worst PR ever, but still trading well above IPO price.

If this IPO is successful and no major confidence-shattering news breaks, I don't see why the shareprice will dip significantly below IPO level.

I'd agree with this estimate. There seems to be a very short attention span in crypto currency investing.

8,000,000 shares with a price of 0.003 makes 24,000 BTC, this is alot of money to fill quickly. I am extremely excited for this IPO and see that in the "Long run" this will succeed,

But you will find people who are only after a quick buck who will have very little confidence in holding this for years (with at least 6 months before anything is due)
These short termers will sell at below the price they paid, and I will pick some of these up over the next 6 months at a discounted price.

Im sure there'll be a 'handful' of ppl who will be reversing their decision to hold on to tat.bee

Why are people putting in bids on BTCT that are below the IPO price? I imagine those will be deleted when the IPO goes live.

No one has received confirmations yet. I will probably start parsing all of the emails tomorrow to make sure all the necessary data is included and that everyone's math is sound. This process will also likely include sending confirmation emails.

Thanks!

I transferred my XBOND shares to admin issuer at around 1:20 EDT, sent the confirmation email to tat.investments email, I have not receive a confirmation back.  Should I receive a confirmation back or just wait for my shares in Bitfunder?

Waiting on BitFunder.

The unsold shares are already committed to private buyers, sorry.

So is placing early bids on BitFunder orderbook still in the works or is that not going to happen?

Was this option announce somewhere? If possible I want to bid into this as well at 0.0025

Yes. Note that you can pretty much monitor this by watching the issued count of XBOND. It decreases as people redeem. 218,813 NEOBEE shares have been claimed so far.

Also note that if there are a handful of XBOND holders that hold the majority of the bonds, and they choose NOT to redeem them for this offering, then it may not sell out due to the sheer logistics of it.

In the event this round does not sell out, the remaining shares in this round have already been committed to private buyers.

Either way, we still have a few days to watch it unfold

No it isn't a typo. This is a very long term venture, so waiting an extra period of time to fulfill this requirement is not of any concern to myself, whilst providing an additional benefit to investors, helping towards obtaining the required funds to start-up exactly how we initially planned.

It is not a typo.

There is nothing to update on!!!!

Is it a typo that the public investors will recieve the first BTC0.0035/share while the IPVO price is BTC0.003?
This basically means that you will get ~117% of your investment back in dividend before the other 40% that you own will get any dividend.

Not sure - go check.

Are shares still available?