Neo & Bee talk (spam free thread) - page 59.

thekekk

full member

Activity: 140

Merit: 100

Quote from: Herp on March 28, 2014, 05:38:49 PM

Quote

the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity.

It's interesting that Neo mentioned suspicious activity on LMB platform. A recent highly suspicious selling thread comes to mind, with what I think were "faked" transfers between accounts owned by the same individual, in order to create a panic.

link to what I think was a fake sale, meant to manipulate share price lower: https://bitcointalksearch.org/topic/wts-neobee-shares-soldsoldsold-526430

This seller was supposedly selling shares way below market value on LMB platform.

p.s: notice name of the seller "btcapples". A notorious spammer troll connected to Mpex.

All come together now, this looks more like an organised scam
those trolls on main thread were certainly posting for profit

Herp

sr. member

Activity: 294

Merit: 250

Quote

the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity.

It's interesting that Neo mentioned suspicious activity on LMB platform. A recent highly suspicious selling thread comes to mind, with what I think were "faked" transfers between accounts owned by the same individual, in order to create a panic.

link to what I think was a fake sale, meant to manipulate share price lower: https://bitcointalksearch.org/topic/wts-neobee-shares-soldsoldsold-526430

This seller was supposedly selling shares way below market value on LMB platform.

p.s: notice name of the seller "btcapples". A notorious spammer troll connected to Mpex.

mitkos1

newbie

Activity: 30

Merit: 0

Two hours before trading stoped I've sold all my shares of neobee. I just wanted a few more cheap shears. Right now I'm just feeling lucky. I've withdraw btc too....untill the dust sattles down.

thekekk

full member

Activity: 140

Merit: 100

Quote from: havelock on March 28, 2014, 04:58:28 PM

To Further Clarify,

The request to Halt trading was made by the Compliance and Risk Management Officer at Neo and Bee Ltd. The issue has to do with their Exchange platform and not with Havelock's platform. All of our other Funds are working as usual. We hope that the situation will be resolved as soon as possible. All questions should be directed to LMB holding - Neo and Bee.

Thank you,

Havelock Investments

zumzero

hero member

Activity: 602

Merit: 500

myBitcoin.Garden

Well done for creating this thread. It's a breath of fresh air. I shan't be posting here although I'm a shareholder and am pleased to merely lurk. NB imo is what is needed and will accompany Bitcoin in its success.

GreenBits

legendary

Activity: 1148

Merit: 1048

Hence, inexpert interpretation, and I have no intention of FUD; i currently own 800 shares and would have many more if trading wasnt frozen.

However, if what I propose is indeed the case I dont think it reflects poorly on either party; it actually seems like a pretty mature decision.

Stelios

member

Activity: 112

Merit: 10

Quote from: ThickAsThieves on March 28, 2014, 04:15:45 PM

Signed Announcement: http://dpaste.com/1761928/

thanks TAT, Can you elaborate on the reason you took this decision please?

velacreations

sr. member

Activity: 476

Merit: 250

that seems like a leap to me.

GreenBits

legendary

Activity: 1148

Merit: 1048

My inexpert interpretation:

Quote:
The basic reason is that, with my role being largely to facilitate transfers, I could not perform my contract without guarantee it would not make me party to the trading activity under investigation. As mentioned, Neo also recommended halting all such activity as well.

Translation:
Since I am responsible for adding new shares to Havelock; I will not be held legally responsible for facilitating the blatant market manipulation going on right now, and I'm distancing myself from this. And, because the price is being manipulated so severely at the moment; Neo, not myself, has made the decision to freeze trading.

~Green

velacreations

sr. member

Activity: 476

Merit: 250

yes, it seems legit, not sure about the reasons.

Herp

sr. member

Activity: 294

Merit: 250

Since TaT posted here, the person on IRC seems to be legit.

Here is the reason for why he stepped down:

Quote

[23:26] The basic reason is that, with my role being largely to facilitate transfers, I could not perform my contract without guarantee it would not make me party to the trading activity under investigation. As mentioned, Neo also recommended halting all such activity as well.

velacreations

sr. member

Activity: 476

Merit: 250

http://dpaste.com/1761928/

Quote

Address:
1NfXM69erAWPDdNrZ2k2UkuV7HDPc6Ebwk

Message:
TAT Investments, ThickAsThieves, terminated any affiliation and contractual obligations with LMB Subsidiaries and Neo today, March 28, 2014. All questions about LMB Subsidiaries, Neo, and the NEOBEE listing should be directed to LMB, Neo employees, or Danny Brewster, CEO. As Havelock Investments has indicated, there has been indication of suspicious trading activity, and Neo has recommended the halting of all transfers and trading.

Signature:
IKRaB+ypjqM0+b5Bkt9+d3sLvu928XZAjkJX6T/wPZVLsXhGpu385c3aFT2jcJz1Ma+6q11XcmXvN3jv4hmdfsQ=

ThickAsThieves

hero member

Activity: 518

Merit: 500

Signed Announcement: http://dpaste.com/1761928/

velacreations

sr. member

Activity: 476

Merit: 250

TAT hasn't given any details. All he has said is that he stepped down today, and all questions should be directed to Neo or Danny.

Herp

sr. member

Activity: 294

Merit: 250

Quote from: Stelios on March 28, 2014, 04:08:37 PM

Quote from: velacreations on March 28, 2014, 03:59:44 PM

[13:55] the contract with LMB and our services was officially terminated today, initiated by me

No reason given?

The Mpex owner that's heavily trolling the other thread using different accounts and lackeys is very busy on IRC so unless we get official confirmation, I wouldn't take these statements seriously. They might come from an impostor for all we know.

Quote

[23:09] artifexd i sort-of suspect he'd have said it by now if he perceived he could.
[23:09] benkay i am! what!
[23:09] Hence my expectation

smith1023

newbie

Activity: 32

Merit: 0

Quote from: Stelios on March 28, 2014, 04:08:37 PM

Quote from: velacreations on March 28, 2014, 03:59:44 PM

[13:55] the contract with LMB and our services was officially terminated today, initiated by me

No reason given?

He's been ask on IRC, wait to see what he has to say.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: jbest8283 on March 28, 2014, 04:06:28 PM

Am I wrong to think that this may be horrible thing?

too soon to tell. just chill, you can't trade right now, anyway.

just wait for official news from someone that knows more than speculators on this forum.

Stelios

member

Activity: 112

Merit: 10

Quote from: velacreations on March 28, 2014, 03:59:44 PM

[13:55] the contract with LMB and our services was officially terminated today, initiated by me

No reason given?

jbest8283

newbie

Activity: 38

Merit: 0

Am I wrong to think that this may be horrible thing?

Herp

sr. member

Activity: 294

Merit: 250

Quote from: velacreations on March 28, 2014, 03:56:11 PM

really? a volatility trigger?

Don't know. I'm just saying it happens on well known stock exchanges for such reasons. Your guess is as good as mine.

Topic: Neo & Bee talk (spam free thread) - page 59. (Read 262129 times)