What you quoted seems to answer your question. Any further details will be included in the next prospectus update.
Again, no shares are destroyed and it's unlikely any such thing would ever happen. However, as appears in the quote, unsold shares will be converted to a more limited class of shares for any future purposes.
I urge you all again to join the main thread, to avoid fragmenting efforts and misinformation.
Topic: [NEO&BEE] - The Neo & Bee Speculation Thread (Read 2027 times)
Stop saying shares are being destroyed. That was never a thing.
Sorry, taken off the market.
Stop saying shares are being destroyed. That was never a thing.
Right now I'm confused.
when he says destroyed does that mean not issued? or were they kept as unfloated shares and hence still belong to Neo ?
if there are any official posts on this a nudge in the right direction would be appreciated.
edit all i've seen so far is this
Quote
February 5th, 2014 - IPVO End Date Announcement
Currently, one can purchase NEOBEE shares directly from LMB Holdings at 0.003 bitcoins each. However, on February 23, 2014, any remaining unsold NEOBEE shares at LMB-holdings.com will be taken off the market, bringing the original IPVO to a definitive end.
Shares will remain tradable at HavelockInvestments.com at market prices. Transfer services will remain available between LMB-holdings.com and HavelockInvestments.com by emailing [email protected] and paying any applicable fees.
We will provide another update that will detail what will happen to any unsold shares, how dividends are affected, and under what conditions shares may be made available for sale in the future.
Future share releases would be under a new class of shares, and would not include the 0.0035btc of priority payments of dividends that the current shares have. We do not have any current plans to re-release the unsold shares. Any offerings will be announced at least 30 days in advance.
Please feel free to ask questions here, and we'll try to make sure everything pertinent is addressed in the update.
Currently, one can purchase NEOBEE shares directly from LMB Holdings at 0.003 bitcoins each. However, on February 23, 2014, any remaining unsold NEOBEE shares at LMB-holdings.com will be taken off the market, bringing the original IPVO to a definitive end.
Shares will remain tradable at HavelockInvestments.com at market prices. Transfer services will remain available between LMB-holdings.com and HavelockInvestments.com by emailing [email protected] and paying any applicable fees.
We will provide another update that will detail what will happen to any unsold shares, how dividends are affected, and under what conditions shares may be made available for sale in the future.
Future share releases would be under a new class of shares, and would not include the 0.0035btc of priority payments of dividends that the current shares have. We do not have any current plans to re-release the unsold shares. Any offerings will be announced at least 30 days in advance.
Please feel free to ask questions here, and we'll try to make sure everything pertinent is addressed in the update.
Stop saying shares are being destroyed. That was never a thing.
Missed this elsewhere. What happened to the unsold shares?
Destroyed, may be sold in the future with different conditions than ours.
Thanks.
Missed this elsewhere. What happened to the unsold shares?
Destroyed, may be sold in the future with different conditions than ours.
Missed this elsewhere. What happened to the unsold shares?
dammit ill use it.
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee an unproven company in a heavily regulated business without a clear way to earn XBT with fancy expensive branches that pays no dividends currently appears to be worth more than Asicminer a company with a simple proven business model that pays a 5% yearly dividend in XBT. Perspective huh?these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee is valued at 1/3 asicminer.
And who uses xbt?
PS Used BTC for you so you can focus on actual issues at hand.
what are your motivations for participating in this thread?
To be fair he is speculating.
dammit ill use it.
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee an unproven company in a heavily regulated business without a clear way to earn XBT with fancy expensive branches that pays no dividends currently appears to be worth more than Asicminer a company with a simple proven business model that pays a 5% yearly dividend in XBT. Perspective huh?these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee is valued at 1/3 asicminer.
And who uses xbt?
PS Used BTC for you so you can focus on actual issues at hand.
what are your motivations for participating in this thread?
According to havelock, market cap for Neobee was higher but even if it's 1/3 it doesn't matter.
There are 400,000 Asicminer shares.
dammit ill use it.
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee an unproven company in a heavily regulated business without a clear way to earn XBT with fancy expensive branches that pays no dividends currently appears to be worth more than Asicminer a company with a simple proven business model that pays a 5% yearly dividend in XBT. Perspective huh?these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee is valued at 1/3 asicminer.
And who uses xbt?
PS Used BTC for you so you can focus on actual issues at hand.
dammit ill use it.
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee an unproven company in a heavily regulated business without a clear way to earn XBT with fancy expensive branches that pays no dividends currently appears to be worth more than Asicminer a company with a simple proven business model that pays a 5% yearly dividend in XBT. Perspective huh?these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee is valued at 1/3 asicminer.
And who uses xbt?
dammit ill use it.
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Neobee an unproven company in a heavily regulated business without a clear way to earn XBT with fancy expensive branches that pays no dividends currently appears to be worth more than Asicminer a company with a simple proven business model that pays a 5% yearly dividend in XBT. Perspective huh? these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
dammit ill use it.
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
these swings are impossible at the moment! walls keep disappearing on me; and what i thought was a low bid apparently wasnt low enough.
its funny to think, at some point in the future, ppl will laugh that how cheap these shares were. and im bitching about 4%.
perspective, huh?
~Green
Haha I didn't even know I was in the speculation thread when I posted that. See what I mean!
We'll see if people want to use it. If not, it'll be headed for the thread graveyard.
Speculation threads are a waste of time. Either moderate or don't.
My 2 bitcents...
My 2 bitcents...
Eh, I see what you're saying (can't say I totally disagree), but people expressed interest in one, so...why not?
Haha I didn't even know I was in the speculation thread when I posted that. See what I mean!
If what V2Rocket posted is real
then the price should easly double... right?
Quote
9,600,000 - 5,050,672 = 4,549,328 unsold public shares.
That's almost half of all public shares in the IPO offering.
The shares will be destroyed to benefit shareholders.
That's almost half of all public shares in the IPO offering.
The shares will be destroyed to benefit shareholders.
then the price should easly double... right?
Speculation threads are a waste of time. Either moderate or don't.
My 2 bitcents...
My 2 bitcents...
Eh, I see what you're saying (can't say I totally disagree), but people expressed interest in one, so...why not?
Speculation threads are a waste of time. Either moderate or don't.
My 2 bitcents...
My 2 bitcents...
There's been some talk about a need for a speculation thread to attempt to keep the official thread a little less cluttered.
To the moon, etc.
https://www.havelockinvestments.com/order.php?symbol=NEOBEE
To the moon, etc.
https://www.havelockinvestments.com/order.php?symbol=NEOBEE
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