[IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 23.

jimmothy

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Quote from: Peter Lambert on March 27, 2014, 03:17:34 PM

From the recently updated prospectus:

Quote

Public investors currently hold 5,042,638 LMB Holdings shares (31.5164875% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 10,957,362 shares 68.4835125% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).

The original structure was:

Quote

Public investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).

So it looks like the shares that were not sold were just given to LMB (aka danny and his friends)? Did LMB Subsidiaries put money in to buy these shares?

"Just given to LMB" as opposed to what?

The shares were already owned by LMB so just because they didn't sell the shares does not mean they need to buy them back.

If anything this actually only means more profit for investors because of this statement "The initial 5,042,638 shares of LMB Holdings have the privilege of getting all profits until a total of 0.0035 Bitcoin per share has been paid"

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: WhaleInc on March 27, 2014, 03:33:09 PM

How this works:

The public shares are separate from the private ones. None of the shares being traded on Havelock are private.

Quote from: NotLambchop on March 27, 2014, 03:37:10 PM

^I believe PL's point was that LMB Subsidiaries, which were entitled to 40% of the profits of the profits in the original prospectus, are now entitled 68.4835125%. Fer free

Yes. I understand the difference between public and private shares. I know that Danny cannot just dump those extra shares on the market, but they do affect the amount of dividends that will be distributed to the other shares. It is confusing to have LMB holding and LMB subsidiaries. When the shares did not sell, they should have been held by LMB holdings and not received any dividends. Instead, they were given to LMB subsidiaries, and apparently they get to receive those dividends without having paid anything for the shares!

NotLambchop

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@WhaleInc: I believe PL's point was that LMB Subsidiaries, who were entitled to 40% of the profits in the original prospectus, are now entitled 68.4835125%. Fer free

@btcapples: Like a boss Cool

btcapples

newbie

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Glad I got out.

WhaleInc

newbie

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How this works:

The public shares are separate from the private ones. None of the shares being traded on Havelock are private.

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

From the recently updated prospectus:

Quote

Public investors currently hold 5,042,638 LMB Holdings shares (31.5164875% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 10,957,362 shares 68.4835125% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).

The original structure was:

Quote

Public investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).

So it looks like the shares that were not sold were just given to LMB (aka danny and his friends)? Did LMB Subsidiaries put money in to buy these shares?

sporket

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Casandra had it easy...

Edit:

stompysteve

hero member

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Last Price ฿0.00221000

Ouch....i guess im stuck in it now

NotLambchop

sr. member

Activity: 378

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You're right. I should have said "lowest in 4 months."
*I am a bit surprised that NeoBee didn't put up a buy wall.
With millions of shares left to sell, it seems to be in NB's best interest to keep the price up.
Or why Danny didn't drop a line to bolster his investors' confidence.
Nothing to do but munch popcorn and watch this unfold.

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: NotLambchop on March 27, 2014, 01:41:48 PM

Last price: ฿0.00250000
Recordsetting!

Not really recordsetting, it went down much lower than that in the past.

NotLambchop

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Last price: ฿0.00250000
Recordsetting!

Darkstone2

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Merit: 100

Quote from: NotLambchop on March 27, 2014, 11:11:01 AM

Investing with bitcoin could be rephrased as "divesting from bitcoin." In other words, you're betting against bitcoin, even in this case. It's not very intuitive, so try to stick with me:

Imagine that bitcoin confidence fell to the point of ... nothing. Each bitcoin is worth zero dollars and zero zero cents.
Imagine also that NeoBee has tangible and/or fiat assets -- a nice laptop and a dollar. <==("something")

Question: At what price point (in bitcoin) would it be wise to buy NeoBee shares?
Answer: At any price point. The value of NeoBee is (a nice laptop + 1 dollar), while your bitcoins are worth (nothing, zero). (Something) > (nothing).

Is this any clearer?

I was thinking the same thing when writting my previous post (except that i exchanges 'a nice laptop and a dollar' with 'NeoBee headquarters'). It seems quite obvious that investing in NeoBee is a bad idea when you except the bitcoin price to drop. (although the value, as measured in bitcoins, per share will rise as the bitcoin price drops).

But that investing in neo&bee is a bad idea when you expect to see the bitcoin price at, say $10000 in 2-5 years does not seem obvious to me.

By the way, i have only invested a small portion ( < 10%) of my bitcoin assets in NeoBee shares.

GreenBits

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Has anyone had a successful transfer from LMB to Havelock lately? They don't seem to be too responsive at [email protected] atm.

~Green

NotLambchop

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Quote from: Darkstone2 on March 27, 2014, 10:42:15 AM

Quote from: NotLambchop on March 27, 2014, 10:03:34 AM

...
C) But the trust in bitcoin is irrelevant in your case -- your shares are denominated in bitcoin. If bitcoin price fell to a penny, wouldn't you spend a few bucks to buy up *all the shares on Havelock?*
...

...
I don't agree that the trust in bitcoin is irrelevant. If bitcoin dies, NeoBee wil go down as well. If bitcoin goes to the moon, NeoBee will have an high change of success.
...

Investing with bitcoin could be rephrased as "divesting from bitcoin." In other words, you're betting against bitcoin, even in this case. It's not very intuitive, so try to stick with me:

Imagine that bitcoin confidence fell to the point of ... nothing. Each bitcoin is worth zero dollars and zero zero cents.
Imagine also that NeoBee has tangible and/or fiat assets -- a nice laptop and a dollar. <==("something")

Question: At what price point (in bitcoin) would it be wise to buy NeoBee shares?
Answer: At any price point. The value of NeoBee is (a nice laptop + 1 dollar), while your bitcoins are worth (nothing, zero). (Something) > (nothing).

Is this any clearer?

Darkstone2

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Merit: 100

Quote from: NotLambchop on March 27, 2014, 10:03:34 AM

A) I'm pointing out that this offering was aimed at hobby investors, you were the target demographic. The colloquialism is "easy mark."

C) But the trust in bitcoin is irrelevant in your case -- your shares are denominated in bitcoin. If bitcoin price fell to a penny, wouldn't you spend a few bucks to buy up *all the shares on Havelock?*

^If that's not clear, tell me & I'll give it another shot.

I thought the 'headshot' thing was being sarcastic.

I don't agree that the trust in bitcoin is irrelevant. If bitcoin dies, NeoBee wil go down as well. If bitcoin goes to the moon, NeoBee will have an high change of success.

Quote from: equipoise on March 27, 2014, 10:10:03 AM

The MtGox news came before and during the opening. The good news is that they made most of the expenses before that during the high price period. If the price was still going up now and it was 3000$ or 5000$ the trolls would say "they made most of the expenses back then when the price was 900-1000$ - idiots. How could they made such a bed decision.".

Neo&bee opening: 24 feb. Mt.gox leaked crisis financial draft: 25 feb.

To be fair, there where people arguing that the mtgox draft was in fact 'good news'

NotLambchop

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^You are upset that your dream of selling bitcoin to bankers backfired.
It is not I but you yourself who is responsible for your current predicament, your rage is misdirected.

equipoise

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Monero (XMR) - secure, private, untraceable

The MtGox news came before and during the opening. The good news is that they made most of the expenses before that during the high price period. If the price was still going up now and it was 3000$ or 5000$ the trolls would say "they made most of the expenses back then when the price was 900-1000$ - idiots. How could they made such a bed decision.".

NotLambchop

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Quote from: Darkstone2 on March 27, 2014, 09:37:10 AM

Quote from: ?? on ??

A) This offering, along with ~95% of bitcoin securities, was aimed at the inexperienced investors. Headshot.
B) The huge amount of media attention was bought and paid for by NeoBee. It was not a fluke.
C) Insulating bitcoin users from market fluctuations was one of NeoBee's selling points. You're suggesting that it's a failure?

Finally, confidence is flagging because there are no tangible results. The Ukyo fiasco, which was supposed to showcase Danny's abilities to the bitcoin world, proved that he was capable of grand promises but not much else.
Or something like that.

A) Many posting in this thread, including myself, are inexperienced investors. Also havelock is not exactly the epicenter of experienced investors.. The shares only started to catch on after the IPO was posted on reddit.

C) No, i am not suggesting NeoBee is a failure. I am suggesting that the price of the NeoBee share is somehow related to the trust in bitcoin itself. With the recent events, trust in bitcoin is probably at lower levels than during the NeoBee launch.

A) I'm pointing out that this offering was aimed at hobby investors, you were the target demographic. The colloquialism is "easy mark."

C) But the trust in bitcoin is irrelevant in your case -- your shares are denominated in bitcoin. If bitcoin price fell to a penny, wouldn't you spend a few bucks to buy up *all the shares on Havelock?*

^If that's not clear, tell me & I'll give it another shot.

Darkstone2

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The mtgox news came after the opening of neo&bee. Also the situation with china isn't helping.

I'm not sure why, but looking at reddit the 'bitcoin morale' definitely seems lower than last month.

lynn_402

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Quote from: Darkstone2 on March 27, 2014, 09:37:10 AM

C) No, i am not suggesting NeoBee is a failure. I am suggesting that the price of the NeoBee share is somehow related to the trust in bitcoin itself. With the recent events, trust in bitcoin is probably at lower levels than during the NeoBee launch.

How can this be the case? The opening week was filled with horrible MtGox news.

Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 23. (Read 658777 times)