[HAVELOCK] [XBOND]

[noodle_dam]

people aren't reading, or thinking. Or they know something that I don't (highly possible).

[Rannasha]

people aren't reading, or thinking. Or they know something that I don't (highly possible).

My guess is that they're betting on getting in on some new, unknown IPO that TAT will do in the future through XBOND and are then able to flip the IPO shares directly post-IPO for a profit greater than the premium paid for the XBONDs.

[mgio]

Where would we go to find out about the pre-IPO exchange opportunities? Will they be posted in this thread, or do I have to pay extra close attention to the securities forum?

I bought up 250,000 shares and I'm pretty excited!

[noodle_dam]

Where would we go to find out about the pre-IPO exchange opportunities? Will they be posted in this thread, or do I have to pay extra close attention to the securities forum?

I bought up 250,000 shares and I'm pretty excited!

You can tweak your Havelock notification emails to alert you when news and such is updated on the actual contract. I can't see TAT not putting news there if/when there is any.

[ThickAsThieves]

This is a preliminary announcement about the upcoming first XBOND share-exchange opportunity. We are still finalizing the dates, but you can learn more about the asset being offered here: https://bitcointalk.org/index.php?topic=289730.0

Below are the details specific to the XBOND phase of the offering, but please DO NOT send your bonds back yet. The date will be announced.

IPVO Details

The opening date and time of the IPVO shall be confirmed soon, as we are working to coordinate it's release as best as possible.

LMB Holdings Share Structure
Public investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK).

Investor Protection Plan
The initial 9,600,000 shares of LMB Holdings have the privilege of getting all profits until a total of 0.0035 bitcoins per share has been paid. Following this initial period of protection, dividends will be divided equally amongst all public and private shareholders.

Initial Public Virtual Offering
The underlying asset shall be registered and traded on BitFunder, under the ticker NEOBEE.
TAT.NEOBEE shares will be also sold as depositary receipts in tandem on other exchanges where the asset has been granted approval by LMB Holdings. Shares will be made available to TAT Investments dynamically across all exchanges as the market demands during the IPVO. There are three phases of the IPVO:

Private Tranche - 1,100,000 Shares - Sold privately to Angel Investors

Pre-IPVO Offering - 500,000 Shares @ 0.0025 BTC each
(Pre-IPVO Offering, available only to XBOND holders, see next section)

Public Offering - 8,000,000 Shares @ 0.003 BTC each

XBOND Exchangable Offering
Through partnership with LMB Holdings, TAT Investments has negotiated that the next round of shares be made exclusively to the holders of XBOND as a Pre-IPVO Offering. This offering will be made available for the 72 hours preceding the official IPVO (date to be determined). Any unsold shares from this round will be made available to existing private shareholders.

Pre-IPVO Redemption: Each XBOND unit may exchanged at the full face value, 0.001 bitcoins each, toward the purchase of shares of the underlying asset as released on BitFunder. XBOND holders will have first access to 500,000 shares at the price of 0.0025 bitcoins each. Shares will be allocated on a first come, first served basis according to the instructions below.
Pre-IPVO Redemption Rules & Instructions:
To instigate a redemption exchange for Pre-IPVO this offering, simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, Also, please send a corresponding email to tat.investments@gmail.com confirming your desired Pre-IPVO purchase quantity desired, and your account name on the destination exchange.
- Pre-IPVO exchanges will be fulfilled in the order that the full transfer is received. If the Pre-IPVO-eligible share inventory is depleted, any remaining XBOND units will be pushed back to their owner. In this event, dividends earned in the interim will be returned with the XBOND units.
- Pre-IPVO purchases must be paid in full by redeeming XBOND units, and must be an EVEN NUMBER of shares. Bitcoins cannot be used to make up any differences.
- Once a share exchange request is received it is binding.
- Your order may be partially filled if the eligible inventory has been depleted.
- Pre-IPVO shares will provided 3 days after the IPVO opens on BitFunder.

Transfer of Shares
Shares of the underlying asset on BitFunder may be imported or exported into any TAT.NEOBEE passthrough, or the underlying asset on Bitfunder.

There is no minimum quantity for transfers, but any transfer order must pay a 1.0 Bitcoin service fee.

How to Transfer Shares:
Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to tat.investments@gmail.com noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes.

After your shares and request have been received, TAT Investments will push your new shares to your account in approximately 24-48 hours.

NOTE: TAT Investments is not responsible for any lost value, arbitrage, or trading opportunities due to delays in processing transfer requests.

Dividend payments
The global income of LMB Holdings, including operating profits from all LMB Holdings subsidiaries, will be paid to the LMB Holdings shareholders proportionally, after all operating, growth and miscellaneous expenses are deducted. The 9,600,000 public shares will receive the first dividends up to the value of 0.0035BTC/share, providing public investors a priority in receiving a minimum of 100% return on their investment. Dividend payments will be made on the last working day of each quarter at midnight (GMT+2).

Voting Rights
Shareholders in LMB Holdings do not have explicit voting rights. Any questions or concerns will be answered within 24 hours through our own investor relations website.

[Draino]

How to Transfer Shares:
Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to tat.investments@gmail.com noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes.

This has me confused, because it appears I would get to choose the destination exchange.

In the NEOBEE thread you have said we can redeem this for bitfunder only.  To be clear: am I unable to redeem xbond shares for their equivalent NEOBEE shares on havelock, and I must sign up for bitfunder? (which I understand has been having some issues lately)

[Adelex]

How to Transfer Shares:
Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to tat.investments@gmail.com noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes.

This has me confused, because it appears I would get to choose the destination exchange.

In the NEOBEE thread you have said we can redeem this for bitfunder only.  To be clear: am I unable to redeem xbond shares for their equivalent NEOBEE shares on havelock, and I must sign up for bitfunder? (which I understand has been having some issues lately)

Correct.  However, you may have your NEOBEE shares transferred to Havelock for a BTC1.0 fee.

[Draino]

How to Transfer Shares:
Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to tat.investments@gmail.com noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes.

This has me confused, because it appears I would get to choose the destination exchange.

In the NEOBEE thread you have said we can redeem this for bitfunder only.  To be clear: am I unable to redeem xbond shares for their equivalent NEOBEE shares on havelock, and I must sign up for bitfunder? (which I understand has been having some issues lately)

Correct.  However, you may have your NEOBEE shares transferred to Havelock for a BTC1.0 fee.

I was hoping TAT would chime in here, since the language in his write-up is ambiguous-- which led me astray.  Thankfully, a couple buy orders for XBOND never filled, or I would be very upset about this.

[ThickAsThieves]

How to Transfer Shares:
Simply push the amount of shares to the issuer account on the source exchange, then send an e-mail to tat.investments@gmail.com noting your account name on the destination exchange you have chosen. Please use the same e-mail address you have registered with the source exchange for verification purposes.

This has me confused, because it appears I would get to choose the destination exchange.

In the NEOBEE thread you have said we can redeem this for bitfunder only.  To be clear: am I unable to redeem xbond shares for their equivalent NEOBEE shares on havelock, and I must sign up for bitfunder? (which I understand has been having some issues lately)

Correct.  However, you may have your NEOBEE shares transferred to Havelock for a BTC1.0 fee.

I was hoping TAT would chime in here, since the language in his write-up is ambiguous-- which led me astray.  Thankfully, a couple buy orders for XBOND never filled, or I would be very upset about this.

The language within the active Pre-IPVO offering is what is correct. This offering is limited to the Bitfunder underlying shares, and you would indeed need to initiate the transfer service if you then wish to hold those shares elsewhere via depistary receipts in the passthroughs. As I have mentioned elsewhere, this was a limitation reached within the negotiations with all parties.

The XBOND indenture text is only potentially confusing if you miss the Reserved Rights section, which states:

8. To specify minimum or maximum redemption terms and eligibility for Pre-IPVO redemptions

We did foresee that we might not always be able to offer every possible option during Pre-IPVOs, and thus had to include that Reserved Right to allow us to bring the best offerings we could, while having the ability to negotiate with 3rd parties.

Hopefully this explanation helps!

[Draino]

I wasn't talking about anything from the original XBOND contract (er, indentured text), but now I realize I misinterpreted instructions for transferring shares with redeeming them.

Thanks for clarifying, anyway.

[GreekGeek]

Hello

I am sorry if this has been answered before on this thread
but I am really busy with my real work to go through all the posts

 Q: I have a few XBonds and I would like to participate in the Neo&Bee Pre-IPVO  but I don't get the instructions given

"Pre-IPVO Redemption Rules & Instructions (for Neo&Bee):
To instigate a redemption exchange for Pre-IPVO this offering, simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, Also, please send a corresponding email to tat.investments@gmail.com confirming your desired Pre-IPVO purchase quantity desired, and your account name on the destination exchange."

when I look at my portfolio on  HavelockInvestments.com there is an xrf link
this links to a page where you can
1. transfer the xbonds to the issuer
    is that HavelockInvestments.com (the xbond issuer) or tat.investments@gmail.com (the stock issuer) 
2. transfer the xbonds to an email address of a user of HavelockInvestments.com (tat.investments@gmail.com ? )

I also found under the "Public Offerings" tab on xbond's (main) page
an (I)PO which probably is for Neo&Bee shares (same date same time)
which states
3. A 'Buy Now' link will appear to the right of the offering once the public offering begins. You will need to refresh this page to see it!

which is the proper way to exchange my xbonds for the Neo&Bee pre-IPVO  1 (probably not) , 2 or 3?

Thank you for your time

P.S.
if the answer is No2
How can I be sure that tat.investments@gmail.com is a user of HavelockInvestments.com?

[ThickAsThieves]

Hello

I am sorry if this has been answered before on this thread
but I am really busy with my real work to go through all the posts

 Q: I have a few XBonds and I would like to participate in the Neo&Bee Pre-IPVO  but I don't get the instructions given

"Pre-IPVO Redemption Rules & Instructions (for Neo&Bee):
To instigate a redemption exchange for Pre-IPVO this offering, simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, Also, please send a corresponding email to tat.investments@gmail.com confirming your desired Pre-IPVO purchase quantity desired, and your account name on the destination exchange."

when I look at my portfolio on  HavelockInvestments.com there is an xrf link
this links to a page where you can
1. transfer the xbonds to the issuer
    is that HavelockInvestments.com (the xbond issuer) or tat.investments@gmail.com (the stock issuer) 
2. transfer the xbonds to an email address of a user of HavelockInvestments.com (tat.investments@gmail.com ? )

I also found under the "Public Offerings" tab on xbond's (main) page
an (I)PO which probably is for Neo&Bee shares (same date same time)
which states
3. A 'Buy Now' link will appear to the right of the offering once the public offering begins. You will need to refresh this page to see it!

which is the proper way to exchange my xbonds for the Neo&Bee pre-IPVO  1 (probably not) , 2 or 3?

Thank you for your time

P.S.
if the answer is No2
How can I be sure that tat.investments@gmail.com is a user of HavelockInvestments.com?

- The Xfer link offers an option to push the bonds to the issuer, that is what you should choose tomorrow after the Pre-IPVO starts.
- While the tat.investments@gmail.com is well-established as the current official email, you don't actually have to entrust it with any equity in this process. You are merely emailing to confirm you pushed the bonds to the issuer, confirm how many NEOBEE shares you expect to received for those bonds, and confirm your BitFunder account name so we can push the NEOBEE shares to you when ready.
- The NEOBEE offeriing on Havelock is not fully set up yet, but will be set up to enable pre-bidding before the official IPVO round (after the Pre-IPVO round).

[ThickAsThieves]

I'm getting repeated questions of the same nature, so I'd like to remind people of a few points:

1. If you pay more than .0012 for XBONDs in order to participate in the Pre-IPVO round, you are effectively paying more than the initial ask price of the actual IPVO.

2. Even if you are okay with the above point, and just want to lock in shares early, please realize that the Pre-IPVO round is limited to 500,000 shares and may sell out also.

3. The Pre-IPVO round will get you BITFUNDER shares, not other types. If you want to convert them to another exchange after the fact, you will need to instigate our transfer services.

4. Do not send XBOND confirmation emails, nor push XBOND units to the issuer UNTIL 1PM EDT / 5PM UTC TOMORROW.

5. You must include your BitFunder account name in your Pre-IPVO confirmation email. The email sending adddress must match your Havelock registration address.

6. The Pre-IPVO BitFunder shares will not be delivered until September 23, 2013 - three days after the IPVO round begins.

7. Your math must be accurate when figuring how many XBOND units needed to exchange for NEOBEE units. It is a 5:2 ratio.

[Deprived]

Something that may be worth clarifying now - to potentially avoid butt-hurt later - is what the procedure would be if there was oversubscription prior to release.  i.e. if total bids at/above list price on the three exchanges added up to more than available shares.  Would you:

a) Fill bids on all exchanges above list price then split rest in proportion to orders on each book.
b) Fill one (or more) exchange before others - specifically would you fill orders on the 'main' exchange before filling orders on the pass-throughs.

What the plan is has obvious implications for those with the ability to place orders on multiple exchanges (though only if it looks likely that bids will exceed supply of course).

[ThickAsThieves]

Something that may be worth clarifying now - to potentially avoid butt-hurt later - is what the procedure would be if there was oversubscription prior to release.  i.e. if total bids at/above list price on the three exchanges added up to more than available shares.  Would you:

a) Fill bids on all exchanges above list price then split rest in proportion to orders on each book.
b) Fill one (or more) exchange before others - specifically would you fill orders on the 'main' exchange before filling orders on the pass-throughs.

What the plan is has obvious implications for those with the ability to place orders on multiple exchanges (though only if it looks likely that bids will exceed supply of course).

Certainly, I addressed this earlier today in the main thread, but it is closest to a).

Here is what we decided:

In the case of oversubscription, shares will be sold proportionally according to total bid amounts, in bitcoins, on each exchange at the start of the IPVO.

For example: If there are 20000btc on BTCT, 10000btc on Havelock, and 5000btc on Bitfunder, each exchange would be sold approximately 57.1%, 28.6%, 14.3%, respectively.

This cannot be exact due to bids changing at any moment, but we'll do our best to keep it fair (proportional) in such a case.

Please do not confuse this with a Dutch style auction (like Labcoin). The price per share would not change in this case, other than if bidders choose to raise their own bids.

Original comment is here: https://bitcointalk.org/index.php?topic=289730.msg3166320#msg3166320

[Deprived]

Something that may be worth clarifying now - to potentially avoid butt-hurt later - is what the procedure would be if there was oversubscription prior to release.  i.e. if total bids at/above list price on the three exchanges added up to more than available shares.  Would you:

a) Fill bids on all exchanges above list price then split rest in proportion to orders on each book.
b) Fill one (or more) exchange before others - specifically would you fill orders on the 'main' exchange before filling orders on the pass-throughs.

What the plan is has obvious implications for those with the ability to place orders on multiple exchanges (though only if it looks likely that bids will exceed supply of course).

Certainly, I addressed this earlier today in the main thread, but it is closest to a).

Here is what we decided:

In the case of oversubscription, shares will be sold proportionally according to total bid amounts, in bitcoins, on each exchange at the start of the IPVO.

For example: If there are 20000btc on BTCT, 10000btc on Havelock, and 5000btc on Bitfunder, each exchange would be sold approximately 57.1%, 28.6%, 14.3%, respectively.

This cannot be exact due to bids changing at any moment, but we'll do our best to keep it fair (proportional) in such a case.

Please do not confuse this with a Dutch style auction (like Labcoin). The price per share would not change in this case, other than if bidders choose to raise their own bids.

Original comment is here: https://bitcointalk.org/index.php?topic=289730.msg3166320#msg3166320

Ah thanks - missed that.

One minor clarification you should probably make to it is that you'd only consider bids at/above the list price when evaluating total bids on each exchange.  i.e. I couldn't, for example, sling up a huge bid at below official price to ensure maximum allocation to the exchange of my choice (something which I'd quite happily do IF I was bidding and there was oversubscription to ensure my order got filled) - which could actually leave you with unsold shares on one exchange and unfilled orders on the others.

[ThickAsThieves]

Something that may be worth clarifying now - to potentially avoid butt-hurt later - is what the procedure would be if there was oversubscription prior to release.  i.e. if total bids at/above list price on the three exchanges added up to more than available shares.  Would you:

a) Fill bids on all exchanges above list price then split rest in proportion to orders on each book.
b) Fill one (or more) exchange before others - specifically would you fill orders on the 'main' exchange before filling orders on the pass-throughs.

What the plan is has obvious implications for those with the ability to place orders on multiple exchanges (though only if it looks likely that bids will exceed supply of course).

Certainly, I addressed this earlier today in the main thread, but it is closest to a).

Here is what we decided:

In the case of oversubscription, shares will be sold proportionally according to total bid amounts, in bitcoins, on each exchange at the start of the IPVO.

For example: If there are 20000btc on BTCT, 10000btc on Havelock, and 5000btc on Bitfunder, each exchange would be sold approximately 57.1%, 28.6%, 14.3%, respectively.

This cannot be exact due to bids changing at any moment, but we'll do our best to keep it fair (proportional) in such a case.

Please do not confuse this with a Dutch style auction (like Labcoin). The price per share would not change in this case, other than if bidders choose to raise their own bids.

Original comment is here: https://bitcointalk.org/index.php?topic=289730.msg3166320#msg3166320

Ah thanks - missed that.

One minor clarification you should probably make to it is that you'd only consider bids at/above the list price when evaluating total bids on each exchange.  i.e. I couldn't, for example, sling up a huge bid at below official price to ensure maximum allocation to the exchange of my choice (something which I'd quite happily do IF I was bidding and there was oversubscription to ensure my order got filled).

Nice catch, I will concur that your recommendation is correct and it to my other comment.

[ColdHardMetal]

What determines priority in the 500,000 pre-IVPO share distribution? Time bonds are transferred, time email is received, which ever happens first/last?

[isimme]

2. Even if you are okay with the above point, and just want to lock in shares early, please realize that the Pre-IPVO round is limited to 500,000 shares and may sell out also.

6. The Pre-IPVO BitFunder shares will not be delivered until September 23, 2013 - three days after the IPVO round begins.

Will Pre-IPVO investors have confirmation of successful buys before the IPVO rounds begins,
so if in the event our Pre-IPVO's bids are unsuccessful(do to selling out) we can still buy the shares we want in the IPVO?
And as well if our Pre-IPVO bids are unsuccessful are we then left with XBONDS with which we will have to either hold or sell on the market?

Thanks!

[GreekGeek]

Hello

I am sorry if this has been answered before on this thread
but I am really busy with my real work to go through all the posts

 Q: I have a few XBonds and I would like to participate in the Neo&Bee Pre-IPVO  but I don't get the instructions given

"Pre-IPVO Redemption Rules & Instructions (for Neo&Bee):
To instigate a redemption exchange for Pre-IPVO this offering, simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, Also, please send a corresponding email to tat.investments@gmail.com confirming your desired Pre-IPVO purchase quantity desired, and your account name on the destination exchange."

when I look at my portfolio on  HavelockInvestments.com there is an xrf link
this links to a page where you can
1. transfer the xbonds to the issuer
    is that HavelockInvestments.com (the xbond issuer) or tat.investments@gmail.com (the stock issuer) 
2. transfer the xbonds to an email address of a user of HavelockInvestments.com (tat.investments@gmail.com ? )

I also found under the "Public Offerings" tab on xbond's (main) page
an (I)PO which probably is for Neo&Bee shares (same date same time)
which states
3. A 'Buy Now' link will appear to the right of the offering once the public offering begins. You will need to refresh this page to see it!

which is the proper way to exchange my xbonds for the Neo&Bee pre-IPVO  1 (probably not) , 2 or 3?

Thank you for your time

P.S.
if the answer is No2
How can I be sure that tat.investments@gmail.com is a user of HavelockInvestments.com?

- The Xfer link offers an option to push the bonds to the issuer, that is what you should choose tomorrow after the Pre-IPVO starts.
- While the tat.investments@gmail.com is well-established as the current official email, you don't actually have to entrust it with any equity in this process. You are merely emailing to confirm you pushed the bonds to the issuer, confirm how many NEOBEE shares you expect to received for those bonds, and confirm your BitFunder account name so we can push the NEOBEE shares to you when ready.
- The NEOBEE offeriing on Havelock is not fully set up yet, but will be set up to enable pre-bidding before the official IPVO round (after the Pre-IPVO round).

thank you for your answer but...
This is what I found on the Xbond page (on havelockinvestments.com) under the tab overview

Pre-IPVO Redemption Rules:
- To instigate a redemption exchange for Pre-IPVO purchases, simply transfer your bonds to the tat.investments@gmail.com account within HavelockInvestments.com, Also, please send a corresponding email to tat.investments@gmail.com confirming your desired Pre-IPVO purchase details.

So are both ways correct?

- The Xfer link offers an option to push the bondsto  the issuer, that is what you should choose tomorrow after the Pre-IPVO starts.

please clarify who the issuer is