[IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 192.

ThickAsThieves

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Quote from: pedrog on September 16, 2013, 03:23:55 PM

Quote from: VJain on September 16, 2013, 03:21:12 PM

Hope I didn't miss the "posting date", but when will the asset be listed on BitFunder? Time of the IPO?

It is already listed: https://bitfunder.com/asset/NEOBEE

That's correct, we're trying to get in touch with BitFunder to show it on the market soon and allow early bidding like the other exchanges.

ThickAsThieves

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The official IPVO will begin on Friday, September 20th at 1PM EDT / 5PM UTC on BitFunder, Havelock, and BTCT.

pedrog

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Quote from: VJain on September 16, 2013, 03:21:12 PM

Hope I didn't miss the "posting date", but when will the asset be listed on BitFunder? Time of the IPO?

It is already listed: https://bitfunder.com/asset/NEOBEE

ThickAsThieves

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Quote from: FloatesMcgoates on September 16, 2013, 03:17:51 PM

I realize that this IPO will be handled with dynamic allocation of available shares to the exchanges with the most demand, but will there be any information given to the initial distribution numbers to each? The reason I ask this is to be smart when it comes to whether or not outbidding is necessary to attain the most optimal position.

I believe this answers your question: https://bitcointalksearch.org/topic/m.3166320

The solution to your bidding strategy is yours to deduce Wink

VJain

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Hope I didn't miss the "posting date", but when will the asset be listed on BitFunder? Time of the IPO?

FloatesMcgoates

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I realize that this IPO will be handled with dynamic allocation of available shares to the exchanges with the most demand, but will there be any information given to the initial distribution numbers to each? The reason I ask this is to be smart when it comes to whether or not outbidding is necessary to attain the most optimal position.

ThickAsThieves

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Quote from: xchrisxsays on September 16, 2013, 03:06:21 PM

So already on Havelock people are placing bids above the value of the IPO. You will be filling the pre-IPO bids that are actually IPO price first, right?

I'm not sure why people would overbid without it being oversubscribed yet, but orders will be filled in the natural priority of the orderbook. Price always trumps age, age always trumps recency.

xchrisxsays

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So already on Havelock people are placing bids above the value of the IPO. You will be filling the pre-IPO bids that are actually IPO price first, right?

utens

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Quote from: cryptocyprus on September 16, 2013, 02:50:30 PM

Quote from: Skoutz on September 16, 2013, 02:22:18 PM

The photos are awesome, looks like a Wall Street building being conquered by the Bitcoiners!

I will have to post some photos, so you can see just how much it stands out in the area, the owner got special permission to build twice the height of standard building regulations.

Like a boss

cryptocyprus

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Quote from: Skoutz on September 16, 2013, 02:22:18 PM

The photos are awesome, looks like a Wall Street building being conquered by the Bitcoiners!

I will have to post some photos, so you can see just how much it stands out in the area, the owner got special permission to build twice the height of standard building regulations.

Skoutz

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The photos are awesome, looks like a Wall Street building being conquered by the Bitcoiners!

ThickAsThieves

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The Havelock version is now open for early bidding: https://www.havelockinvestments.com/order.php?symbol=NEOBEE

It's release will coincide with the others on Friday.

ThickAsThieves

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I'm getting repeated questions of the same nature, so I'd like to remind people of a few points:

1. If you pay more than .0012 for XBONDs in order to participate in the Pre-IPVO round, you are effectively paying more than the initial ask price of the actual IPVO.

2. Even if you are okay with the above point, and just want to lock in shares early, please realize that the Pre-IPVO round is limited to 500,000 shares and may sell out also.

3. The Pre-IPVO round will get you BITFUNDER shares, not other types. If you want to convert them to another exchange after the fact, you will need to instigate our transfer services.

4. Do not send XBOND confirmation emails, nor push XBOND units to the issuer UNTIL 1PM EDT / 5PM UTC TOMORROW.

5. You must include your BitFunder account name in your Pre-IPVO confirmation email. The email sending adddress must match your Havelock registration address.

6. The Pre-IPVO BitFunder shares will not be delivered until September 23, 2013 - three days after the IPVO round begins.

7. Your math must be accurate when figuring how many XBOND units needed to exchange for NEOBEE units. It is a 5:2 ratio.

N_S

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Quote from: btcash on September 16, 2013, 10:40:48 AM

Some virtual pictures, a general description of your business without important details and some alleged contracts with several firms is not enough for a multi-million dollar IPO.

I can't quite say this is an accurate description of what we have here, but I like that people are remaining skeptical.

It's also fun knowing you'll get answers

EDIT: A new standard has been set for picture quality relating to anything around here.

cryptocyprus

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Quote from: btcash on September 16, 2013, 10:40:48 AM

Can you post any real pictures of your branch and of the Bee debit card? And post the address of your main branch.
I agree with neotrix. Some virtual pictures, a general description of your business without important details and some alleged contracts with several firms is not enough for a multi-million dollar IPO.

I hope the prospectus update can clear the main concerns.
https://bitcointalksearch.org/topic/m.3115282

Sure, the building has been constructed, the interior renovations start at the end of November the interior designers are providing their 3D walkthroughs 15 days from Thursday for the flagship branch, the offices we take delivery on the 23rd September. The address of both the head offices and the flagship branch is, 7 Stars Tower, Engomi, Nicosia. You can't miss the building!

The Interior

The first floor is our offices (We take delivery on the 23rd September)

The renovations taking place in the offices (This photo was taken several days ago, since the raised floor has been completed throughout all of the offices)

Another picture of the building (You can clearly see the glass wall surrounding the veranda on the first floor, this will be branded as per the image in the prospectus, the full length and width of the building will become signage for us.)

The updated prospectus will include additional scenarios based upon the worst possible cases. We will also make it clearer as to how we operate because some misunderstandings have been made, increasing the concern from some people.

btcash

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Can you post any real pictures of your branch and of the Bee debit card? And post the address of your main branch.
I agree with neotrix. Some virtual pictures, a general description of your business without important details and some alleged contracts with several firms is not enough for a multi-million dollar IPO.

I hope the prospectus update can clear the main concerns.
https://bitcointalksearch.org/topic/m.3115282

cryptocyprus

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Quote from: jedunnigan on September 16, 2013, 10:20:36 AM

Quote from: cryptocyprus on September 08, 2013, 03:45:01 AM

Initially the possibility of people withdrawing Bitcoin to the wild is slim because that would entail them understanding how to use Bitcoin in its raw format, we expect that until we open up the possibility for opening accounts from within the wider European Union direct Bitcoin withdrawals will be almost non existent.

The capital controls are under review in the September meeting of the Troika however this is of no concern because we are signing off on a partnership shortly that will enable the physical notes to remain in Cyprus whilst providing us with those funds electronically outside of the traditional Cypriot banking infrastructure. This ensures that we have zero exposure with our "competitors", ensuring they cannot try and complicate matters with frozen accounts, temporary holds etc.

Ah, so there will probably be a ruling long before your opening. That's good.

Quote

We have spent the last 12 months making the necessary contacts with both regulators, government officials and key influential groups such as those now challenging the EU over the bail-ins. The initial lobbying efforts have been very promising, the president himself has spoken about the need for a "Plan B". One of the joys of Cyprus being small is the 2 degrees of separation, in larger countries this would have been a much drawn out process after speaking with personal assistants for months just to ensure a letter is passed onto the relevant person. Here we don't have that problem.

Good to hear you have contacts. Do you have assurances one way or the other? Or are these verbal understandings, where you have consent to operate but not a guarantee of future shutdown (assuming you follow all regulations)?

We have our Lawyers preparing the requests to have regulations placed upon us (specifically to create fitting regulations for a Bitcoin based business), we know that we can operate unregulated but it is not something we want to do. If we are regulated, it will give us a better reputation from the outset.

jedunnigan

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Quote from: cryptocyprus on September 08, 2013, 03:45:01 AM

Initially the possibility of people withdrawing Bitcoin to the wild is slim because that would entail them understanding how to use Bitcoin in its raw format, we expect that until we open up the possibility for opening accounts from within the wider European Union direct Bitcoin withdrawals will be almost non existent.

The capital controls are under review in the September meeting of the Troika however this is of no concern because we are signing off on a partnership shortly that will enable the physical notes to remain in Cyprus whilst providing us with those funds electronically outside of the traditional Cypriot banking infrastructure. This ensures that we have zero exposure with our "competitors", ensuring they cannot try and complicate matters with frozen accounts, temporary holds etc.

Ah, so there will probably be a ruling long before your opening. That's good.

Quote

We have spent the last 12 months making the necessary contacts with both regulators, government officials and key influential groups such as those now challenging the EU over the bail-ins. The initial lobbying efforts have been very promising, the president himself has spoken about the need for a "Plan B". One of the joys of Cyprus being small is the 2 degrees of separation, in larger countries this would have been a much drawn out process after speaking with personal assistants for months just to ensure a letter is passed onto the relevant person. Here we don't have that problem.

Good to hear you have contacts. Do you have assurances one way or the other? Or are these verbal understandings, where you have consent to operate but not a guarantee of future shutdown (assuming you follow all regulations)?

cryptocyprus

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Quote from: richard_dein on September 16, 2013, 09:45:43 AM

Just an opinion.

Bank of Cyprus had a market cap of only two magnitudes above the IPVO price, while having a large market share and dipping into a much larger range of businesses.

The opportunity is the mistrust of the Cypriots against their current banking system, but Bitcoin would sound equally shady to a lot of them. Mass adoption of Bitcoin could also expose Cyprus to external manipulation, so there is a risk that the grand plan would backfire. Moreover, remember Cyprus is a small country with ~1 million people, who are current having trouble spending money - expect much less consumer activity than your "usual" developed country, and note that a large part of this business revolve around consumer services.

Neo & Bee will at best grow just like an average start-up of its kind, probably even slower in its valuation in terms of Bitcoins. Nonetheless this can be seen as a worthwhile venture. If you believe in this startup, you should look away from the Bitcoin share price and focus on how it strengthens the Bitcoin economy. Basically, see it as a donation to help the rest of your Bitcoins rise. Good luck.

Thank you for the insightful post, The Bank of Cyprus market cap took some serious damage when they and the bank that was force-ably merged with them, had to levy 47.5% of deposits from the Bank of Cyprus customers that held more than €100k with them and Laiki customers lost everything over €100k, it is not the inability to spend money that is an ongoing issue, it is the broken trust that is of the biggest concern for Cypriot people. We are going to be addressing that broken trust, by telling people to let us gain their trust, we also have respected people in the Media willing to explain the technical aspects of Bitcoin and why we can deliver what we promise to do (Unable to take customers money without their consent) to their readers. Many people have vast sums of money hidden under the mattress because of this broken trust.

We will also be adding more revenue streams in the near future, to ensure that we can grow at a sustainable rate.

bjack0815

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Quote from: klee on September 16, 2013, 10:05:52 AM

Quote from: bjack0815 on September 16, 2013, 10:01:25 AM

How can I keep the overview of the total number of shares bought when you can buy shares on the three exchanges?
So it might be challenging to know when the total amount of shares of the IPVO is reached?

3 tabs opened and F5 periodically Undecided

I already lost so many F5 keys because of Laboin Wink

Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 192. (Read 658701 times)