Topic: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings - page 96. (Read 658701 times)

It became hard to invest in the company with the BTC price increasing as it did. In september, the average investor could take 5,000 dollars, buy 50 bitcoins, and it would give him 16.6k shares. Now, this same amount of money will give him about 2k shares. Considering the economy we live today, using fiat everyday, earning salaries in fiat, with all prices in fiat, we must look at it through "fiat eyes". Somehow it is good for the company that there are still these unsold shares if you consider the whole situation: they have got the money they needed, because the BTC price increased, they have lower obligations regarding the dividend policy (so far) since there are less shares to distribute dividends and considering they ever do that, this money is mostly going to go back to them since if the price stays at this level (or lower) when dividends are paid, investors are likely to buy more shares. I am not saying this is the best outcome possible (it is certainly not, and there are bad points in this), but I am pretty sure the current situation is better for the company than having all shares sold and BTC at 150-250 dollars (the best prediction at their prospectus).    

This isn't the right thread for this. Let's take it elsewhere. You can direct message me if you want. By "solid investment", I meant, of course, relative to all the other unregulated, unverified, uncommunicative, hear-say securities in this crazy wild-west crazy bitcoin land full of scams and hacking etc.

Not like moving above IPO or paying divs are any indication of a solid investment (see labcoin).

I was strongly considering investing in neobee prior to the decision to get involved with the weex issue. I might still snag a few shares if the price dips enough because I do believe the idea behind the company is great. Just the current situation and ridiculously vague/annoying communication is enough to keep me from investing now.

 

Don't forget the millions of unsold IPVO shares.

Overreacting..

Now I am curious what you consider a solid investment besides N+B? What criterion do you apply to make your list? While I have invested in N+B, I am not sure they qualify as a "solid investment" yet, they are still in the start-up phase and have not yet paid any dividend or moved above the IPO price.

I know the guys @Neo&Bee - no worries on my side...

I bought them thanks!

You can call them idiots, but you don't know what they know. Those same idiots still made a profit. They also don't trust HavelockInvestments with all the bullshit going on with them. Today, Virtex announced their de-listing, converting Bitcoin back to god-damned fiat, but making your shares regular Canadian company shares, tied to the Canadian dollar.

In the end, you do what you have to do.

Some idiots dump their shares - I bought a shitload!

Why did the price drop almost 30% today? I wanted to buy more after I read that Andreas Antonopoulosis providing advisory services and saw it at 0.21

Bullish.

Aha Andreas, another Alpha on board - eponymous and brilliant.

Welcome on board! 

Can you extend and clarify for us, if you have further knowledge of the situation?


Bobby Lee, CEO of BTC China:Source: http://www.youtube.com/watch?v=rBgQFzyg8pk&feature=youtu.be&t=21m57s


It's great to have Andreas' support, he's a brilliant man.

Neo & Bee Update Dec 13, 2013

Public Presentations
Danny Brewster, CEO of Neo, will be presenting Bitcoin at a conference organized by The University of Nicosia. Members of the government, political parties, media and the central bank have all been invited. Nondas Medaxas, Chairman of the Cyprus Stock Exchange and Dr. Christos Vlachos, CFO of The University of Nicosia, will also be speaking at the event.

Danny Brewster's presentation will help to educate attendees with accurate information about Bitcoin is, and the social and economic changes this technology can bring to Cyprus and the world.


Cyprus Investors Show
The feedback from the Cyprus Investors Show 2014 has been great. Neo & Bee was the main sponsor of the event, which provided many opportunities and increased interest into Neo’s services and plans.

The live demonstration of the Bee POS terminals, left many observers open mouthed at the speed and ease of the transaction.


EasyCoin Customer Referral Program
We are going to be introducing a customer referrals program to enable people to earn money themselves for promoting the use of EasyCoin to obtain crypto-currencies. The referral program will be designed to ensure abuses of the system cannot take place.


Television Appearances
George Papageorgiou, COO of Neo, appeared live on Sigma News and Antenna news to answer questions on Bitcoin and about Neo & Bee. This is part of an effort to position Neo and its representatives as knowledgeable experts on Bitcoin in Cyprus.

http://www.youtube.com/watch?v=HBwZO1-5pV0


Central Bank of Cyprus’ Position on Bitcoin
An anonymous source from the The Central Bank of Cyprus issued a statement on the telephone stating that using Bitcoin can be dangerous because it has no oversight from the government.

Danny Brewster issued the following statement, which was presented to the public in every newspaper that published the news from the Central Bank:

We were informed today, that the National News Agency contacted the Central Bank of Cyprus for a statement regarding digital currencies. The alleged response from sources withheld was that digital currencies are unregulated and therefore "dangerous". This spurred interest in the media and ambiguous responses.

As the CEO of the largest business in the world that is building infrastructure around the Bitcoin technology, I'd like to disclose that we have been trying over the last two weeks to reach and arrange a meeeting with the CBC so that can operate under the regulatory framework that they deem appropriate. I am happy with the fact that as the People's Bank of China, the Central Bank of Cyprus has confirmed its agreement that the use of Bitcoin by individuals is welcome and holds potential. This statement from the Central Bank is no different to any other Central Bank in the world.

The use of Bitcoin carries risks like any other financial instrument. However, because Bitcoin is still only 5 years old, the infrastructure is still being developed. Bitcoins have value because they are useful, they can travel immediately and they cannot be reproduced by fiat, by anyone. I sincerely wish such transparent and free protocols were available by voluntary consensus to everyone.

The release from the People's Bank of China, was heavily misinterpreted and this resulted in a temporary drop in the exchange rate of Bitcoin, which today is again approaching $1000. Said statement, explicitly states that individuals and non-government businesses can transact freely with Bitcoin. In addition, Switzerland is soon holding the discussion at a parliamentary level, as to whether or not they should recognize Bitcoin as a currency.

On the topic of Bitcoin as a potential facilitator of illicit activities, it is only right to quote Jennifer Shasky Calvery, Director of the United States Treasury Department, Financial Crimes Enforcement Network, who said "Cash is still the best medium for laundering money" during the congressional hearing regarding Bitcoin on November 17th. This is due to the fact that every Bitcoin transaction is registered and visible on a publicly available ledger. Cash is far more anonymous than Bitcoin will ever be.

The largest company that is developing the infrastructure to make the use of Bitcoin safer, easier, more accessible and more stable is based in Cyprus. This company has already created many jobs and has outsourced even more with a structured plan to create hundreds more jobs over the months ahead. This is a once in a lifetime opportunity for Cyprus to become an innovative leader within the global financial services industry.

The only positive global news coverage surrounding Cyprus in 2013 was due to the fact that a private University accepts Bitcoin as a payment method, to enable everyone access to cheaper education, including those who are part of the 5bn un-banked statistic. These people are essentially extorted by the legacy payment industry. As National Geographic said, the Payment Industry makes and spends billions to accomplish what Bitcoin essentially does for free.

To realize these advantages, the authorities and regulators need to be fully and thoroughly communicated with all the details, challenges, potentials and benefits of this truly innovative technology, by those who have studied it further already.

We will keep trying to approach the Central Bank in an effort to explain our operations' model and provide all the necessary information to evaluate our business and the underlying technology.

We do not need permission from the Central Bank to operate any aspect of our business, however we are continuing to lobby for a clear set of regulations that we can operate within.


Office Space
We have now taken delivery of another 250sqm of office space within the 7 Stars Tower, which will be home to all of our customer support operations.


Advisory Board
Andreas Antonopoulos is providing advisory services to Neo & Bee across multiple areas of the business. Andreas is a long standing, highly respected and knowledgeable member of the Bitcoin community and we are extremely lucky to have him on board in this advisory position. More information about our Advisory Board will be provided in the future.

Ignoring that your attempt to discredit me is off topic, how does exposing the fact that this forum is rife with socks make me one?  

Danny is not an innocent, trying to save kittens and getting laughed at for his efforts.
He is attempting to create a banking institution, bringing to bitcoin all of the fiat bankster trappings bitcoin was meant to obsolete -- cronyism, back room deals, bailouts.

The WeEx incident embodies all of the above.  You are free to speculate about my motives, but attacking my character while avoiding the crux of my arguments is just weak.
  
Yes, i get that it is unpleasant to be caught lying to your investors, but suggesting that i stop because it makes Danny uncomfortable is pretty funny.

Edit:  Implying that using the shareholder's coin to bail out WeEx is a minor technicality & therefore should be overlooked is equally absurd.

Shareholders deserve clarity and transparency.  We basically had to pry the information from Danny.  And, in the end, we learn that NB isn't even involved in the WeEx deal to begin with (even though Danny implied that they were).

Don't act like they are knights on white horses.  They are people, and they make mistakes. It should be easy to correct those mistakes, but if it takes people asking the same questions over and over to finally get them answered, then that's not a failure on the part of the people asking questions.  I don't know if it was on purpose or not, but Danny certainly has not been clear or transparent on the BF/WeEx deal to NB shareholders.

Respect is something earned, not entitled.


Danny has yet to confirm the above information, but I assume that information is correct. That SHOULD HAVE been released in a single post back when Danny promised to clarify the situation.  His failure to do so created the confusion.

Again, if shareholders are confused or request information, that's a valid concern and it's the responsibility of the CEO to address those concerns.

First section of the first post of the crumbs alt:


And I'll leave the rest to the reader.