The public ledger is used to ensure that it is clear that we haven't issued more shares than we stated in the agreement. Between the data available on HL and our own public ledger for the shares we hold directly people can calculate themselves exactly how many shares we have sold.

We can allow people to mask their address for privacy, those that trade OTC can make their address public and demonstrate to potential buyers they have control of the private keys relating to that address.

With regards to TATs fees, if you don't like their fees for services they provide independently, offer them yourself for less, if you have the trust amongst the community.

Incorrect due to the fact there will be a public ledger of shareholders.

Havelock is now owned and operated by a licensed fund. (I know the guys behind this fund). We spent more time developing the business on all levels, to cater for shareholders core needs. No business, no returns.

TAT has already stated TAT's fees are always reviewed.

it will be transparent, people will know who holds what and we are actually working to bring more liquidity to the Bitcoin securities space, see previous news releases.

Apologies for not quoting the wall of text.

To claim them once BF closes (without doing anything) you will need to sign a message using the public address that you used on BitFunder when registering, as per the announcement made by TAT.

No danger, just the possibility of it taking longer for me to start receiving dividends on my own holdings.

That announcement is coming later today, along with a full list of functionality for the shareholders website and instructions etc.

The announcement is coming, so apologies for the short delay (We need a Bitcoin timezone).

My view on the mentioned scenario is that doing so would be great for existing shareholders, however not so great if the price falls and additional plans that we have started to implement (that are of benefit to the shareholders), would slow our rate of progress and if we then required more capital, would the existing shareholders provide that liquidity?

I will also not change the agreement, it doesn't set the right precedent if the contract can or would be changed at will to suit the market conditions.

Many factors not limited to increasing commerce locally, creating an innovative business sector, attracting international capital, creating alternatives options for the people who have lost the trusts in the Banks.

Thanks for the questions.

We are bringing clients online and any profit derived from these clients, shall be distributed to shareholders in the exact same manner as any other dividend is paid.

We are a regulated entity, all of our accounts shall be audited by KPMG, so any behaviour as detailed in your concerns would land us in serious trouble.

Myself and TAT shall finalize and announce the plans surrounding BitFunder and migrations etc later today.

You will have to wait for that level of detail until the legal reviews have been completed on all of our marketing materials relating to Neo pegged wallets. At no point has there ever been an indication that it would be impossible for the customer to get their BTC, surely the part that states 'even without Neo, the customer can get their Bitcoin' would have cleared that up....

We had a required the amount of 9500btc to get to market as an absolute minimum. Yes the holdings have doubled in value too. With regards to missing the boat, we have decades in front of us, February isn't far away in the true scale of things.

- Place your Euros in our Bitcoin accounts

Place your Euros into your Bitcoin Wallet

- You will own bitcoins, but you cannot have them, control them or actually spend them, since we need access to take them away from you if they go up in value

On selected wallets, we are only providing the cryptographic security of the Bitcoin protocol, yes it is more than just a store of value. Customers can still use Bitcoin however they want to use it.

- We'll give you a little bit of their increase in value instead

We take on the risk for some customers (not all), so why would they get no risk and all of the reward?

- You'll be protected against their fall by our special unproven secret black box trading methods

We will have a multitude of platforms available for us to trade our own reserves to ensure that we have sufficient reserves to cover any top-ups required, our additional services will also bolster our own reserves.

- No, you won't have the usual 100k protection from Bank of Cyprus like normal accounts

The "insurance" is all smoke and mirrors, but we are in discussions with the regulators surrounding this, with or without it the people here in Cyprus know that it essentially doesn't exist, so they are not blinded by the false promises of the so called 100k guarantee.

4 of the 5 points you made are wrong, but the 5th may even be wrong by the time we open our doors to the public, I thought the licenses would be more entertaining for someone such as yourself, over the marketing material. Each to their own I guess.

Its actually quite easy to derive income from other services, when you have the technological advantage over your competitors like Western Union, Money Gram etc (Naming just one service).

As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.

Yes they are, however not strictly enforced. There has been announcements about their removal in full by January.

It was stopped with less than 2 hours to spare, my source the team of lawyers fighting against it.

Can you explain the 100k "insurance", how would that insurance work when the initial proposal during the bail-ins was set at 6.9% of everything over €1k....the insurance was declared a fallacy because if it was worth anything, the proposal wouldn't have been made.

We are going to be very clear to the customers what we offer;

Pegged Wallets, their funds are held in BTC in their own wallet, we will balance their wallet on rate increases and decreases to ensure the BTC is always equal to the amount of Euros their balance should be, the benefits of this is the cryptographic storage of their money.

BTC Wallets, is Bitcoin in its full glory up and down movements just a simple user interface so the customer doesn't have to use a 34 character public key (if they want to use it in raw format, they can do).

Time Based Wallets, We will provide the protection from negative movements and give the customer a % of any growth, in return for keeping those BTC hoarded for a specified period of time.

Each customer will have a URL to check their BTC balance live on the blockchain.

I have been extremely clear about the above throughout, I have also releasing more and more information regarding additional services that will be generating revenue for Neo & Bee.

Yes the big boys could try and destroy us, but how long will it take for them to stop laughing at the little guy, long enough for us to be strong enough to resist? If Bitcoin doesn't take the step towards the true mass adoption, then it will eventually fizzle out as a fad.

This more than likely won't happen, however we do have #neobee on IRC where I personally try and get on when I can. I will be around on IRC today for a few hours.

Neo & Bee Update November 1st 2013

Investor Relations Website

We are currently developing our investor relations website, this will become a portal for all news releases, it will also offer a wide range of content surrounding Neo, Bee and all future subsidiaries. Monthly company performance data will also be released through this website. We will offer direct share management through this website allowing investors to hold shares directly with ourselves.

Direct Share Purchase

We will also implement a direct share purchase option allowing investors to buy and hold shares with ourselves, shares will only be available at the IPVO price of 0.003 BTC/Share. We will allow the transfer of these shares into any trading platform that supports Neo & Bee.

We will provide more information regarding transfers immediately before we launch the website (1 – 2 Weeks).

Appointment Of CFO – George Ioannou

George is joining the team as the CFO. George is a member of the following;

Fellow Member of the Association of Chartered Certified Accountants (UK)
Member of the Institute of Public Accountants in Cyprus (CYP)
Member of the International Institute of Internal Auditors (USA)
Member of the Institute of Internal Auditors in Cyprus.
Member of the Public Risk Management Association (PRIMA) – European Body

With a strong background in a CFO Role at both Fiduciana Trust Cyprus and Otenet Telecom Ltd, previous experience includes roles for Alpha Bank in the Credit Risk and Internal Audit Divisions. George brings a vast amount of experience to the team and will be working closely with every aspect of the business.

Direct Bitcoin Purchases (EU)

We are launching a website that will utilize a cash payment network around Europe to allow members of the public to purchase Bitcoin almost instantly using cash directly from ourselves, this will mainly be targeted at the under served UK Bitcoin Economy. This website shall be launched and fully functional prior to January 31st 2014, I will provide more updates as developments are made including the name of the cash payment network operator once we are in a position to do so.

Kenyan Entity

We have been forced to register a subsidiary in Kenya (Under Application) for the corporate account to be opened with MPesa. We have also established a direct link with the founder of MPesa that can be utilized should the need arise.

Updated Prospectus

An updated prospectus is still being prepared, a high workload on the ground here is delaying this progress, the work being done on the ground is being given priority over the updates to the document. It won't be long before it is released and I will update on the timeframe when it is clearer to myself when it is possible to get it released.

Neo & Bee Presents The Cyprus Investors Show 2014 (December 2013)

We are the main sponsors of the event, we will gain a large amount of publicity through being the main sponsors of the event, the target demographic for the event are High Net Worth Individuals, Private Investors, Investment and Asset Management Firms , Private Banks and other financial institutions, Financial Services organizations , Investment Advisors, Investment Bankers, Wealth / Asset management firms and professionals, Financial Planners, Portfolio Managers, Pension Funds, Insurance Companies , Lawyers - Legal advisors, Accounting professionals, Tax planners, Family offices .
   The event has been operating for a number of years and is one of the largest conferences held on the island, once the final branded invitations are completed, I shall provide them for everyone to see.

Cover of In Business Magazine (February 2014)

I have been approached to be on the cover of In Business magazine for their February issue (I agreed), there is already a buzz around the business world here in Cyprus about the company that is bringing Bitcoin to Cyprus for everyone. The magazine is the largest business publication in Cyprus, the feature will include a multiple page spread on Neo & Bee.