The IPVO launched September 20 of last year, when one bitcoin was about 98 euro. Now exchange rate is up to like 620.
And I believe Danny has stated that most of the funds raised have not yet been converted to euro.
So yes, N&B already has way more capital than they had initially sought...
Maybe Danny or NEO-PR would care to jump in here and say how any additional capital in the warchest, raised by selling the remaining shares, is likely to be spent? Like, what are the 'stretch goals' that more capital influx could help to actualize?
Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 85. (Read 658701 times)
To be clear, if you want Neo to have more capital, buy direct shares.
How much more capital do they need? The increase in BTC price in fiat should give them all the money they need (and considerably more), even though they haven't sold all the shares.
Nope. It wasn't. yet 
Not sure if the quotes question was answered.
...
I would like to know , what is the legal position of this PT shares offered by TAT on exchanges like Havelock ... since LMB Holdings is legal company, but the investors are anonymous(we didn't provide any ID), is this still kosher in the eyes of law? How they registered things?
...
I would like to know , what is the legal position of this PT shares offered by TAT on exchanges like Havelock ... since LMB Holdings is legal company, but the investors are anonymous(we didn't provide any ID), is this still kosher in the eyes of law? How they registered things?
...
"Direct shares" come from the 60% (currently 100%) public share and should not be confused with the "private shares" (40%) introduced later.
I would like to know , what is the legal position of this PT shares offered by TAT on exchanges like Havelock ... since LMB Holdings is legal company, but the investors are anonymous(we didn't provide any ID), is this still kosher in the eyes of law? How they registered things?
The question is ... TAT bought all "PT" shares before IPVO? They are officially registered on his name and he's selling them to us maybe for some premium? So all the shares are paid off from TATis pockets and company can't raise another capital via this offering? OR Are the shares somehow registered to email addresses(havelock) and bitcoin addresses(directs), so the company is still able to gain capital via public offering?
I would like to know legal clarification of this if possible. What is the official status of these shares?
The only shares for sale that have proceeds go directly to Neo, are the ones available at lmb-holdings.com. None of the shares trading on Havelock are being sold by Neo, they are all private shareholders trading on the open market.
Any holder of NEOBEE shares may keep their info private, as it should be, though anyone can choose to add themselves to the public ledger if they like.
To be clear, if you want Neo to have more capital, buy direct shares.
"Direct shares" come from the 60% (currently 100%) public share and should not be confused with the "private shares" (40%) introduced later.
I would like to know , what is the legal position of this PT shares offered by TAT on exchanges like Havelock ... since LMB Holdings is legal company, but the investors are anonymous(we didn't provide any ID), is this still kosher in the eyes of law? How they registered things?
The question is ... TAT bought all "PT" shares before IPVO? They are officially registered on his name and he's selling them to us maybe for some premium? So all the shares are paid off from TATis pockets and company can't raise another capital via this offering? OR Are the shares somehow registered to email addresses(havelock) and bitcoin addresses(directs), so the company is still able to gain capital via public offering?
I would like to know legal clarification of this if possible. What is the official status of these shares?
What are the relative advantages/disadvantages of holding shares via Havelock vs. LMB-Holdings? And I read somewhere that the division of shares will be 60% public, 40% LMB-Holdings - how does this relate to the 'direct shares' we're talking about?
There are 9,600,000 public shares, currently representing 100% of profits. Once these shares have recieved 0.0035 BTC/share in dividends, an additional 6,400,000 shares (privately held by LMB-Holdings) will be introduced, reducing public shares to recieving 60% of profits from that point in time.
The 9,600,000 public shares are distributed amongst a few places: exchanges such as
The advantages/disadvantages of Havelock is that your shares can be sold on the open market (either by yourself - probably an advantage; or by someone who gains access to your account - disadvantage), or the exchange - like others before it - may shut down due to legal issues (making your shares untradable for a period while they are migrated to a new platform).
Those who don't wish to trade and are considering this as a long-term investment may prefer the security of having shares held directly with LMB-Holdings, rather than sitting on an exchange like Havelock.
"Direct shares" come from the 60% (currently 100%) public share and should not be confused with the "private shares" (40%) introduced later.
If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
What are the relative advantages/disadvantages of holding shares via Havelock vs. LMB-Holdings? And I read somewhere that the division of shares will be 60% public, 40% LMB-Holdings - how does this relate to the 'direct shares' we're talking about?
If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
this is what I've thought, I had to be sure, thank you
If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.
Guys some clarification please because I still do not understand something !!
so if I buy some shares on havelockinvestments.com what do I have to do next ? send an e-mail to TAT informing them about it in order to receive future Dividends, or this is required only for people switching between exchanges ?
Quote
NEOBEE Initial Public Virtual Offering
The underlying asset shall is registered and traded on BitFunder.com, under the ticker NEOBEE.
NEOBEE shares on Havelock Investments’ exchange will are sold as depositary receipts in tandem on other exchanges where the asset has been granted approval by LMB Holdings. Shares will be made available to TAT Investments dynamically across all exchanges as the market demands during the IPVO.
The underlying asset shall is registered and traded on BitFunder.com, under the ticker NEOBEE.
NEOBEE shares on Havelock Investments’ exchange will are sold as depositary receipts in tandem on other exchanges where the asset has been granted approval by LMB Holdings. Shares will be made available to TAT Investments dynamically across all exchanges as the market demands during the IPVO.
Quote
Pre-IPVO Redemption Rules & Instructions:
AFTER THE OFFERING BEGINS ON SEPT 17, 17:00 UTC, XBOND holders may instigate a redemption exchange for this Pre-IPVO offering. Simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, then send a corresponding email to [email protected] confirming your desired Pre-IPVO purchase quantity desired, and your account name on BitFunder.
AFTER THE OFFERING BEGINS ON SEPT 17, 17:00 UTC, XBOND holders may instigate a redemption exchange for this Pre-IPVO offering. Simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, then send a corresponding email to [email protected] confirming your desired Pre-IPVO purchase quantity desired, and your account name on BitFunder.
so if I buy some shares on havelockinvestments.com what do I have to do next ? send an e-mail to TAT informing them about it in order to receive future Dividends, or this is required only for people switching between exchanges ?
I bet with the Miami conference we will see most of the direct shares go. I'd love to see a live stream of the event, if anyone know if there will be one please share a link or informations.
You might find that expanding the BEE network is easier than expanding NEO, given local banking competition and regulations.
Although Metro Bank recently started in London, the first new banking offer in 100 years if I remember correctly.
Although Metro Bank recently started in London, the first new banking offer in 100 years if I remember correctly.
Unless you meant just London, how about nice man Dave... http://www.burnleysavingsandloans.co.uk/about-us/
Max K is a big fan, apparently. I think 'Davecoin' has a certain appeal.
Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.
I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.
If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.
One can dream…
But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere
That is why we are developing the Neo Portals (atm) to enable us to establish a larger footprint across Europe, then using the data from the portals to establish the areas that will benefit from a branch.
You might find that expanding the BEE network is easier than expanding NEO, given local banking competition and regulations.
Although Metro Bank recently started in London, the first new banking offer in 100 years if I remember correctly.
Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.
I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.
If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.
One can dream…
But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere
That is why we are developing the Neo Portals (atm) to enable us to establish a larger footprint across Europe, then using the data from the portals to establish the areas that will benefit from a branch.
I am not in my normal location, and do not have access to the share management system. No exports from LMB will be processed until next Tues/Wed.
TAT or NEO-PR, could you please tell us what's the current turnaround time on a share migration from LMB-Holdings to Havelock? It was mentioned earlier that there might be some delays (might have involved an entirely different exchange, if so, my bad), is that the case atm? Appreciated in advance.
Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.
I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.
If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.
One can dream…
But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere
Of course. But I was thinking that a few years down the line, if all goes as planned, I doubt they will be still limited to Cyprus. Establishing a solid base in an EU country could be a terrific springboard to other parts of Europe and the rest of the world.
Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.
I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.
If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.
One can dream…
But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere
Dividend suppose to be paid from profits.Do you really think they will be profitable this year?
Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.
I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.
If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.
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