NEO and BEE talk (unmoderated) - page 9.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: velacreations on April 04, 2014, 03:08:27 PM

He also took customers' money without giving them BTC.

The two customers may have a claim against the bank to get their money back but that would depend on their contract. If you put money into a bank and it goes bust you won't get it back - unless there are 3rd party guarantees inplace somewhere. The timing may have been bad for them, they paid in and during the processing of their money the bank went bust perhaps?

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: minerpart on April 04, 2014, 03:06:59 PM

Quote from: jimmothy on April 04, 2014, 02:50:13 PM

Are we supposed to believe anything danny says after he:

- Without informing any staff he boards a plane and leaves the country
- Does not leave plan in place for neobee when he leaves country "for business"
- Does not pay employees for entire month of march so they are quitting.
- Lost 400 btc of "his own money" in mtgox.
- Receives a single threat (why?) and decides that is enough to quit and abandon his company.
- Has not filed police report about threats.
- Leaves multimillion dollar company without anyone in charge after quitting suddenly.

Could this have really been a long con?

No look it wasn't a con. Danny has lost a fortune in neobee. He has made a big business loss as CEO and has freaked out simple as. Wouldn't you?

The loss is not fraud, the loss is down to the market not following NB predictions. Many many businesses fail due to adverse market conditions or unrealistic profit forecasts. Many FIAT banks have failed and in the weeks before crunch point stress levels are beyond maximum for all involved. Danny probably didn't sleep or eat properly for 2 weeks leading up to this. It's not easy to go into work and tell 10 people you can't pay them, their jobs are gone and the company has no liquid funds to continue. He fled due to the stress of it. It's natural and he would have been far from himself in the days before the crunch day. He hasn't done anything illegal from what I can see he has just freaked out. Again businesses fail. That's life.

It's simply not acceptable or even realistic for a startup to raise 6 million dollars during IPO and be broke by time they launch. Where did the money go?

velacreations

sr. member

Activity: 476

Merit: 250

yeah, don't forget he filed for change of CEO without telling anyone, 3 weeks ago.

He also took customers' money without giving them BTC.

jimmothy

hero member

Activity: 770

Merit: 509

So he took all his belongings from cyprus with him on a business trip?

Why could he not communicate with the company/investors before the threats were made?

Why did he go "seeking investors" without informing the company first?

Why is neobee short on liquidity?

None of this adds up if you ask me.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: jimmothy on April 04, 2014, 02:50:13 PM

Are we supposed to believe anything danny says after he:

- Without informing any staff he boards a plane and leaves the country
- Does not leave plan in place for neobee when he leaves country "for business"
- Does not pay employees for entire month of march so they are quitting.
- Lost 400 btc of "his own money" in mtgox.
- Receives a single threat (why?) and decides that is enough to quit and abandon his company.
- Has not filed police report about threats.
- Leaves multimillion dollar company without anyone in charge after quitting suddenly.

Could this have really been a long con?

No look it wasn't a con. Danny has lost a fortune in neobee. He has made a big business loss as CEO and has freaked out simple as. Wouldn't you?

The loss is not fraud, the loss is down to the market not following NB predictions. Many many businesses fail due to adverse market conditions or unrealistic profit forecasts. Many FIAT banks have failed and in the weeks before crunch point stress levels are beyond maximum for all involved. Danny probably didn't sleep or eat properly for 2 weeks leading up to this. It's not easy to go into work and tell 10 people you can't pay them, their jobs are gone and the company has no liquid funds to continue. He fled due to the stress of it. It's natural and he would have been far from himself in the days before the crunch day. He hasn't done anything illegal from what I can see he has just freaked out. Again businesses fail. That's life.

Luttinen

newbie

Activity: 14

Merit: 0

@jimmothy

Quote

My reasons for leaving was to raise additional capital for the business through the sale of my equity as we had run out of liquidity, I had exhausted all of my own liquidity too through directors loans to the company. Every single Bitcoin raised and spent is accounted for, any claims of embezzlement are nothing but empty claims with no foundation. There were coins lost in BitFunder/WeExchange which I personally covered and assumed that debt of 1420BTC to ensure the company could continue unaffected, UKYO also owes me an additional 260BTC separately from the 1420BTC. I also have 369.8BTC of my own Bitcoin stuck with MtGox that would have been given to the company to settle all creditors and continue operations whilst more capital was raised. Having funds on MtGox was a personal risk that I assumed and no company funds were ever held on there.

My original plan was to raise more capital to allow the company to achieve its potential through the sale of some of my equity. The moment threats were made towards my daughter this plan changed and I decided I would sell all of my equity, allowing the new owner to appoint a new CEO.

Said threats might have scared him and made him act irrationally and we don't know how it affected his fiancee. In a way he put life of his daughter first to interest of shareholders and his company if those threats were real.

Too early to make rush judgements.

https://bitcointalksearch.org/topic/m.6030319

jimmothy

hero member

Activity: 770

Merit: 509

Are we supposed to believe anything danny says after he:

- Without informing any staff he boards a plane and leaves the country
- Does not leave plan in place for neobee when he leaves country "for business"
- Does not pay employees for entire month of march so they are quitting.
- Lost 400 btc of "his own money" in mtgox.
- Receives a single threat (why?) and decides that is enough to quit and abandon his company.
- Has not filed police report about threats.
- Leaves multimillion dollar company without anyone in charge after quitting suddenly.

Could this have really been a long con?

Luttinen

newbie

Activity: 14

Merit: 0

Quote from: jimmothy on April 04, 2014, 02:15:17 PM

Quote from: S4VV4S on April 04, 2014, 01:49:03 PM

http://www.coindesk.com/neo-bee-ceo-danny-brewster-faces-fraud-allegations-cyprus/

Quote

Now it appears that the staff have had enough. One employee told Cyprus Mail reporter Elias Hazou that “no one’s in charge” and that staff members were “clearing out”. Hazou says the company’s head office in Nicosia was “all but deserted” yesterday.

The staff member confirmed that the local staff had not received their March wages and that they did not know anything about Brewster’s whereabouts. Brewster apparently left Cyprus on or before 19th March and the staff member had not heard from him since

So all that FUD from souce101 was actually not FUD?

Quote

I left Cyprus on a short term temporary basis for reasons that will follow, I haven't shipped anything from Cyprus and I certainly haven't run away with company or peoples money or bitcoins. Following those posts on the forum, I received direct threats targeted directly at my daughter, they have been reported to the relevant authorities, Once those threats were made I took the advice to remain outside of Cyprus and remove contact with anyone that could be responsible for the threats, this included not speaking with members of staff that could be responsible.

https://bitcointalksearch.org/topic/m.6030319

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: S4VV4S on April 04, 2014, 01:49:03 PM

http://www.coindesk.com/neo-bee-ceo-danny-brewster-faces-fraud-allegations-cyprus/

Quote

Now it appears that the staff have had enough. One employee told Cyprus Mail reporter Elias Hazou that “no one’s in charge” and that staff members were “clearing out”. Hazou says the company’s head office in Nicosia was “all but deserted” yesterday.

The staff member confirmed that the local staff had not received their March wages and that they did not know anything about Brewster’s whereabouts. Brewster apparently left Cyprus on or before 19th March and the staff member had not heard from him since

So all that FUD from souce101 was actually not FUD?

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

Quote

On March 28, 2014 Havelock Investments halted trading of the NEOBEE Fund; Havelock Investments has yet to receive any formal information in regards to the questionable trading activity on the LMB share platform website. We have not received any formal information on the current situation at LMB Holdings. Due to those factors we have decided that the unit holders on the NEOBEE Fund should no longer be suspended from trading their units. The Fund will now be designated as NEOBEEQ to reflect the uncertainty of the future of LMB Holdings – NEO BEE Ltd. Financial information on the status of the company has not been released. The units of this Fund will continue to trade even if the company will file for bankruptcy. We will continue to update you if any information is provided to us.

Trading will resume today at 5:00 PM EST

Thank you for investing with Havelock Investments!
https://www.havelockinvestments.com

S4VV4S

hero member

Activity: 1582

Merit: 502

http://www.coindesk.com/neo-bee-ceo-danny-brewster-faces-fraud-allegations-cyprus/

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: NanoAkron on April 04, 2014, 04:12:23 AM

Let's not forget TaT stands for 'Thick as Thieves'.

Much like trusting 'Magic the Gathering: Online eXchange' with money...
...

Let me guess: You've trusted your money to both?

Re. "remaining silent won't protect...": Because you should always talk as much as you can, without a lawyer.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: velacreations on April 03, 2014, 02:37:51 PM

And his responses to the thread discussing the banning of MP are suspicious, too. His comments seem to indicate that MP/others were right, and TAT had knowledge to back it up.

No, his response was a kid's whine, and a bit out of character, so I suspect he just used as a plausible excuse to leave this place.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: velacreations on April 03, 2014, 11:57:11 AM

remaining silent won't protect him legally, anyway.

He's been here long enough to know that people threat with legal actions all the time, and then nothing really happens.
So, yes, remaining silent will most certainly protect him.

NanoAkron

sr. member

Activity: 252

Merit: 250

Let's not forget TaT stands for 'Thick as Thieves'.

Much like trusting 'Magic the Gathering: Online eXchange' with money...

The bitcoin community needs to grow up. I'm particularly unimpressed with Danny's tweet just before seeing the Cypriot parliament. Something to the effect of 'this whole place is filled with thieves'. Just what you'd want from a CEO...

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: bitpop on April 03, 2014, 09:56:47 PM

Hasn't tat vetted all his investments and been wrong every time?

Sounds about right. No surprise he has joined the cult of mpex now.

velacreations

sr. member

Activity: 476

Merit: 250

bitpop

legendary

Activity: 2912

Merit: 1060

Hasn't tat vetted all his investments and been wrong every time?

Atruk

hero member

Activity: 700

Merit: 500

Quote from: Phildo on April 03, 2014, 09:30:20 PM

Quote from: velacreations on April 03, 2014, 05:32:27 PM

and so it begins, here we go with the wild theories and goose chases.

Someone found an address on the shareholder list and is now claiming it's receiving dividend payments:
http://www.reddit.com/r/Bitcoin/comments/224jdc/neo_bee_paying_dividends/

Roll Eyes

The conspiracies aren't going deep enough. MP sent TAT in as a sleeper agent from the beginning. Just waiting for the rest of his troll army to get the forums all riled up, and then use their combined mind control with TAT's relationship with Danny to make all the coins disappear.

No, TaT began believing in NeoBee, just as he did with his AsicMiner Passthroughs. After time though MP offered TaT too much cunt and n00dz and TaT converted. Once TaT was converted he corrupted Danny into depositing all of the coins in scams like Gox and Buttfunder/Weex. Then once MP taught TaT the incantations TaT summoned operator unreliability to destroy NeoBee's chances in its infancy.

velacreations

sr. member

Activity: 476

Merit: 250

that's the best explanation I've heard, yet.

Topic: NEO and BEE talk (unmoderated) - page 9. (Read 153231 times)