They gave their bitcoin to Havelock, an unlicenced Panamanian exchange.
Unlicensed under US law you mean? I thought they did have a Panamanian license. They are a registered Panamanian company, not a licenced exchange. There are two exchanges licenced in Panama, Havelock is not one of them. |
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... Makes about as much sense as sending your coin to some guy on the intertubes. With nothing to show for it.
People do strange shit, it be fact.
Wait, you mean that N&B bitcoin investors have no way to prove in a court of law that they gave their BTC to N&B? They didn't give their bitcoin to NeoBee. Not the ones trading on Havelock, at least. They gave their bitcoin to Havelock, an unlicenced Panamanian exchange. Extra profit: Trading was halted [allegedly] per Neo's request, and later resumed [presumably] without Neo's authorization, under the new ticker symbol NEOBEE Q. The question that comes to mind: what, exactly, is being traded here? P.S: I'm sure the people who gave Danny their fiat can prove it, the "nothing to show for it " assertion was made by Sledge. I'm certain they got some sort of receipt. Not everything in life depends on the blockchain for recordkeeping. |
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You are trading on an licenced Panamanian exchange in shares of a company illegally funded by US investors, just where do laws come into this? Whose laws? US? Cyprus? Panama? Things kids say  Said MP's shill who's about to be extradited to US to face charges. Sweet irony and double standards. https://bitcointalk.org/index.php?topic=553092.0Havelock is actually a registered company while MPEx is just one dude and some paid shills, who doesn't even have a registered company behind it. Learn the difference between a registered company and a licenced exchange. Registering a company is trivial, becoming a licensed exchange isn't. Havelock is not a licenced exchange. @thekekk: Your incoherent sentence fails to answer my question, that being: Whose laws are being broken and what laws are those? @minerpart: Lay off the glue and return to your containment thread, where you may continue with your failings. You don't seem to understand the difference between company and registered company let alone everything else. You can pick either UK law or Cyprus law both laws are the same Cyprus law copied from UK. Read the articles of association. Fail to answer the question yet again: Whose laws are being broken, which laws, specifically, and why do these laws apply to an unlicenced Panamanian exchange? |
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Buy When There's Blood In The Streets
There is investing in trading companies who are at the bottom of the market .... You may want to read article I've posted earlier. Quite a few made money buying shares in bankrupt companies companies, delisted companies and so on. So you're wrong about making money only with companies who's shares found a bottom. There's a very negative view bias on NEO now which makes it very interesting contrarian investment, because very often the general consensus is wrong. Most of the negativity is based purely on speculation. There isn't one single piece of evidence to prove any of the highly negative claims. This alone makes it interesting not to mention other factors such as frozen Bitfunder funds, software and other such assets. Neo is basically trading way below book value at current price. The shares being sold do not represent equity, they are *shares of NEOBEE's profits*. Though it's unclear whether the new NEOBEE Q shares also represent the company's *debt*. Each share you buy may entitle you to be liable for a portion of it  |
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You are trading on an licenced Panamanian exchange in shares of a company illegally funded by US investors, just where do laws come into this? Whose laws? US? Cyprus? Panama? Things kids say Said MP's shill who's about to be extradited to US to face charges. Sweet irony and double standards. https://bitcointalk.org/index.php?topic=553092.0Havelock is actually a registered company while MPEx is just one dude and some paid shills, who doesn't even have a registered company behind it. Learn the difference between a registered company and a licenced exchange. Registering a company is trivial, becoming a licensed exchange isn't. Havelock is not a licenced exchange. @thekekk: Your incoherent sentence fails to answer my question, that being: Whose laws are being broken and what laws are those? @minerpart: Lay off the glue and return to your containment thread, where you may continue with your failings. |
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You are trading on an licenced Panamanian exchange in shares of a company illegally funded by US investors, just where do laws come into this? Whose laws? US? Cyprus? Panama? Things kids say |
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Doesn't really matter if the CEO has quit the company still belongs to the shareholders, the scary think now is that Havelock is trading shares of a multimillion company for peanuts. And anyone with 320 btc can take control of the company.
the shares have no voting rights + the shares available havelock are less than 50% of the company. Not only that, but the company doesn't belong to the shareholders and never did. The shares are shares in *the profits* of Neo, not in the company itself. Do folks even bother reading before giving away their coin? On the other hand i do wonder why people assume that NEOBEEQ = NEOBEE. Assuming that the trading halt was done per Neo's request and was legitimate (which I admit is sorta lulzy), the shares known as NEOBEEQ have nothing to do with NEOBEE, unless Danny has authorised this tradefest. |
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No. You're already holding a bag of dicks, stop begging 4 mine.
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@Luttinen: If you didn't spend your formative years eating wall candy, you'd know the difference between "irrational exuberance" and mirth.
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Odd question: Why was trading resumed? Who authorised it? Presumably not Danny, right? TAT quit, who else had the authority?
The question perhaps should be, why did it stop trading. ... Trading could be halted by an exchange under some circumstances (though not at the request of the issuer -- that's just weirdness). But resuming trading, after trading has been allegedly halted per issuer's request... Under a different ticker symbol (neobeeQ)? As someone else posted, "what, exactly, are you buying?" |
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nope.
EDIT: they haven't even resume trading. According to havelock announcements, havelock itself
decided to change name on the asset and let it trade, freely.
So, there's that. Right now, people sold their actuall neobee shares for coins, and people are buying neobeeq shares
the value of which is questionable.
Why isn't anyone commenting on this? This really is pretty funny shit. |
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^ |
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Market cap  ftfy FTFY |
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And she's down. Last price: |
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...I wanna take you out to lunch. Interested?
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Odd question: Why was trading resumed? Who authorised it? Presumably not Danny, right? TAT quit, who else had the authority?
There's an update on the Havelock page for Neo & Bee: 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 emphasis added But but... I'm siding with bitcoin.newsfeed. This is insane on so many levels. Exchanges, unlike pawnshops, don't usually have the right to do that. |
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Stop being such a giant faggot  |
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Odd question: Why was trading resumed? Who authorised it? Presumably not Danny, right? TAT quit, who else had the authority?
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I think these are very likely scenarios.
People who start selling for peanuts will probably live to curse this day, screaming manipulation or some bs when stock goes up again.
You maybe correct, and for the sake of the stake holders I really hope you are... I have no skin in the game, so my comments may not be as valuable as someone who does, but, usually, and I say this as someone in the securities industry... usually there is no coming back from a situation like this. Actually, if you really have no skin in the game (I'm not suggesting that you do), your comment is more valuable than those of Neo investors. Two reasons: Unlike them, you're not trying to dump, and (this is the important part!) you didn't invest in NeoBee. While they did. |
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