Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 191. (Read 658701 times)

The fact people do that doesn't ensure a Labcoin-esque fiasco. That mess is a result of Labcoin's continued incompetence, something we haven't seen a shred of from N&B.

So when scalping the IPO what will the extra income be used for? Founders summer home, college educations? What a shady way to screw the shareholders.

Exactly.

 It could operate like an actual IPO, there isn't really a reason it shouldn't (or they haven't made that reason known). But they make more money, faster this way. It's a little dishonest, given the wording of the offer, but what can you do? Ultimately they don't care about being fair or care about the people who are willing to risk money in order to see the company succeed, they just care about the money those people have. And they have every right to be that way.

Cash grab. All things considered.

Cash grab. All things considered.

Is there a limit to how many shares a single person can buy either at the IPO or pre-IPO with xbond exchanges?

There is no new information needed. It is simply the method chosen to make this work, all things considered.

I'm interested to hear a response to this.

Aaaandddd now there's a bid at .003001 on BTCT, so your IPO price is officially above .003 on two of the exchanges, and it's only going to get worse until the IPO launches. You should either cap it at .003 or change the wording of your IPO to reflect the fact that you are not, in fact, offering the price at .003, you're offering it to the highest bidders.

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

I am confused as to how to purchase pre-IPVO shares. I have to purchase XBONDs on Havelock?

XBOND Exchangable Offering
Through partnership with LMB Holdings, TAT Investments has negotiated that the next round of shares be made exclusively to the holders of XBOND as a Pre-IPVO Offering. This offering will be made available for the 72 hours preceding the official IPVO (date to be determined). Any unsold shares from this round will be made available to existing private shareholders.

Pre-IPVO Redemption:
Each XBOND unit may exchanged at the full face value, 0.001 bitcoins each, toward the purchase of shares of the underlying asset as released on BitFunder. XBOND holders will have first access to 500,000 shares at the price of 0.0025 bitcoins each. Shares will be allocated on a first come, first served basis according to the instructions below.

Pre-IPVO Redemption Rules & Instructions:
To instigate a redemption exchange for Pre-IPVO this offering, simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, Also, please send a corresponding email to [email protected] confirming your desired Pre-IPVO purchase quantity desired, and your account name on the destination exchange.
- Pre-IPVO exchanges will be fulfilled in the order that the full transfer is received. If the Pre-IPVO-eligible share inventory is depleted, any remaining XBOND units will be pushed back to their owner. In this event, dividends earned in the interim will be returned with the XBOND units.
- Pre-IPVO purchases must be paid in full by redeeming XBOND units, and must be an EVEN NUMBER of shares. Bitcoins cannot be used to make up any differences.
- Once a share exchange request is received it is binding.
- Your order may be partially filled if the eligible inventory has been depleted.
- Pre-IPVO shares will provided 3 days after the IPVO opens on BitFunder.

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

Edit. Sorry N_S was faster

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.