[IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings

[lewicki]

So, any word about how many of the 9600000 IPO shares have been sold so far?
I can't seem to find that info nowhere.

Add up the public ledger on lmb and derive the amount of shares on havelock by using the the market cap. Add them together.

[1714286613]

1714286613

[1714286613]

1714286613

[1714286613]

1714286613

[1714286613]

1714286613

[ThickAsThieves]

So, any word about how many of the 9600000 IPO shares have been sold so far?
I can't seem to find that info nowhere.

Add up the public ledger on lmb and derive the amount of shares on havelock by using the the market cap. Add them together.

That method would not yield an accurate count, as some shares remain unclaimed from the BTCT and Bitfunder shutdowns, and some angel investors have yet to render their shares into LMB-holdings.com or Havelock.

The count of outstanding shares sold is 5,050,672 of the 16,000,000 that make up LMB Holdings as a whole.*

*These numbers are subject to future audit and can only be officially confirmed by LMB Holdings.

[Fabrizio89]

OFFICIAL UPDATE FEBRUARY 26, 2014
Also posted here: https://www.lmb-holdings.com/index.php?cID=181

You guys did a great job.

[btcbot]

A transfer fee isn't ridiculous, its the price that is.

Exactly and at .2 BTC - $120? To transfer shares worth $100? 

It's a ripoff!

 

[btcbot]

Thanks... really, though, you need and we all need to stop acting like dicks.  

 

The information is badly written.  I thought the fee was .2.   Whatever.  But the 1 BTC fee is never explained well.  

So, shit on your customers and again make the BTC scene one less bit professional.  

 

The fee is 0.2btc.

They did indicate that the fee might not apply for smaller shareholders (less then 1000 shares)

Yup... so how much is it going to cost me to move my 100 shares away from the Havelock implosion?   

00000.2 BTC.  Really?  That's a joke. 

Troll. Welcome to my ignore list.

A complaint, nicely worded, leads to ignore?  You're a real pro, dude.  This and Havelock's obvious problems lead me to get in on this late.  (That and that crap LMB Holdings site). 

You guys have been working hard - but this is no excuse for lack of polity and ridiculous prices for transfers.  No wonder you washed your hands of Asicminer.  This thing will be a gold mine once Havelock shuts down.   

[freedomno1]

OFFICIAL UPDATE FEBRUARY 26, 2014
Also posted here: https://www.lmb-holdings.com/index.php?cID=181

Neo Branch Opening
This week’s branch-opening received a terrific response from the general public. Attendees were amazed with the quality of the space and appreciated how much more educated they became after learning more about Bitcoin from our team. We opened many customer accounts, however, due to the MtGox situation, we withheld the sale of bitcoins temporarily to avoid immediate “loss” for customers that day and to keep focus on Neo and the benefits of Bitcoin.

This decision is not something that will be repeated in the future, it was a decision taken because we had not commenced operations at the time of the uncertainty surrounding MtGox.

Here are some photos from the event:

http://imgur.com/a/IrZck#0

Videos:

http://youtu.be/9vfWtINsLdk

http://youtu.be/rwVGlVEThjs

http://youtu.be/vTm0LUT_NCw

The Bee Payment Terminal Demonstration http://youtu.be/oRUM75oyI-g


Merchant Interest

Our merchant conferences and marketing efforts have resulted in an overwhelming amount of interest from businesses wanting to accept bitcoins. The variety of these businesses is excellent, and a future where Cypriots will be in a position to only use euros to pay government institutions is within sight.

Many of these businesses want to pass on some of the savings from using Bee payment services to their customers. Some businesses do not want to convert their bitcoins into Euros at the point of sale, this will help us to target those businesses who do not service end users. These are positive steps toward a closed-loop Bitcoin economy.

SoEasy Stores are kiosks (mini markets, convenience stores). They are the largest chain on the island with 40 stores and they will enable Neo wallet holders to buy bitcoins and sell them via a Bee terminal at every SoEasy location. This agreement essentially means that we now have 40 additional locations across the island where people can access our services and Bitcoin.


International Coverage

Many international media outlets have contacted us for interviews surrounding what we are doing here in Cyprus with Bitcoin and we are going to be featured in many upcoming publications.


International Expansions

There is significant interest from individuals and groups to expand the Neo and Bee brand internationally, as well as interest from others who wish to emulate what Neo has started. We are willing to help anyone who wants to build professional services in the Bitcoin space, including those that wish to emulate what we are doing here. More professional businesses aimed at the masses will only serve as good thing for Bitcoin.


Multi-Signature Wallet Implementation

We have had a delay on the integration of the multi-signature wallets. This will be resolved soon with further development. All of our customers will be briefed on this delay. We are satisfied with our level of network security and continued monitoring of this infrastructure and we should have this service available soon.


MtGox Statement

What we are witnessing now with MtGox is further cleansing of the Bitcoin ecosystem. The odds are that MtGox is beyond repair in every aspect. Whether the coins are missing or not remains to be seen, as little solid information has been released. Luckily the Bitcoin space is now witnessing serious investors and business people developing infrastructure to utilize the technology in a more professional capacity. The time of garage companies, shady operators and teenage hackers has passed. The time of seriously funded, professionally operated, responsibly executed, carefully planned and diligently tested businesses is here. This new crop of businesses is more transparent, more secure and more professional than those of the first generation. Here at Neo and Bee and Neo EasyCoin, we are making great progress towards higher levels of transparency and professionalism. The willingness of other businesses such as Coinbase, Bitstamp, Coinkite, Circle and Blockchain.info to provide transparency and accountability is encouraging.

Our customers can always independently verify their Bitcoin holdings on the blockchain. We voluntarily subject ourselves to external audit with one of the Big Four audit firms, and we make painstaking efforts to remain on the forefront of physical and software security to ensure we do not become the next MtGox.

Bitcoin is here to stay and it will only become stronger through more professional infrastructure.


Thank you!

The response from the BitcoinTalk forum, Reddit and Twitter has been amazing. Everyone here fully understands this is just the beginning for us, but we are excited by the future. Your continued support is extremely appreciated and we are all working towards making this a long-lasting business that is beneficial to everyone involved.

I feel a bit slow since I read the e-mail 12 hours ago but congrats

[San1ty]

Too all those complaining about the transfer fee:

I kinda agree with you (just a little bit). When the initial IPO started, there was no option to buy directly at LMB...
Therefore I feel like TaT should grant everyone a one time free transfer to LMB. After that I completely agree with charging a fee.

Just my 2 cents...

Now can we stop discussing that topic? If you only have 100ish shares I bet you can contact TaT directly and arrange something...

[seanneko]

Is the LMB site broken? I never got the verification email after creating my account. Can't see any way to have it sent again either...

[bitcoin.newsfeed]

Is the LMB site broken? I never got the verification email after creating my account. Can't see any way to have it sent again either...

Did you tried different e-mail providers before asking this here? Also please address this issues to LMB support contact.

[Regenmacher]

For those who do not know me, I am Danny Brewster of Neo & Bee (https://bitcointalk.org/index.php?topic=289730.0;topicseen) Neo & Bee has agreed to take an active role in ensuring this situation gets resolved.

I have a full understanding of the situation (...) . The biggest question is going to be “why or how has this happened?” I will be providing the answer in full (...)

To this end, we would like to ask that everyone continues to be patient while the final preparations are put in place that will allow for users to enable recovery of their funds, (...)

Everyone at Neo & Bee are now involved in this resolution process.


You can have my word that everything conceivably possible, to resolve these problems are being done to the best of our abilities.

I would like to thank you for your understanding and cooperation so far and we look forward to having this situation resolved as soon as possible.

please don't ignore us

[NanoAkron]

A complaint, nicely worded, leads to ignore?  You're a real pro, dude.  This and Havelock's obvious problems lead me to get in on this late.  (That and that crap LMB Holdings site). 

You guys have been working hard - but this is no excuse for lack of polity and ridiculous prices for transfers.  No wonder you washed your hands of Asicminer.  This thing will be a gold mine once Havelock shuts down.   

God you are a moaning little arsehole.

If you only have $100 of shares (27 by last count) you get them transferred for free.

And you're now on my ignore list as well.

[Stelios]

http://cyprus-mail.com/2014/02/27/bitcoin-ecosystem-being-cleansed/

[San1ty]

Complain, Complain, Whine, Whine ...

Maybe my previous reply to you wasn't clear enough?:

What about bifunder issue?

I'm really annoyed with all the bitfunder moaning and complaining, I don't really know where to start...
1) Still a riddle to me why Danny decided to get involved in that mess
2) Everyone effected mostly have themselves to blame, I told people not to trust bitfunder MONTHS ago. Every sane person would have come to the same conclusion.
3) Do you think spamming will help anything? Target your frustration to the bitfunder thread, this has no place here AT ALL.

Thanks for understanding!

Allow me to clarify my previous post in words you might understand...
STOP ASKING, DELETE YOUR ACCOUNT, MOVE ON...

[btcbot]

A complaint, nicely worded, leads to ignore?  You're a real pro, dude.  This and Havelock's obvious problems lead me to get in on this late.  (That and that crap LMB Holdings site). 

You guys have been working hard - but this is no excuse for lack of polity and ridiculous prices for transfers.  No wonder you washed your hands of Asicminer.  This thing will be a gold mine once Havelock shuts down.   

God you are a moaning little arsehole.

If you only have $100 of shares (27 by last count) you get them transferred for free.

And you're now on my ignore list as well.

Thanks for the info.  Now if somebody could show me where it says that.  

These types of issues will hold back new shareholders.  The prospectus needs to be cleaned up, too.  And, anybody who doesn't see the impending disaster called Havelock needs to wake up.  

Just a few months ago we watched as two other exchanges collapsed.  What's their strategy for avoiding problems with US citizen/SEC issues again?  Where do I set my BTC address for dividends when the site goes offline for good from a hack or a phone call from the SEC?  How does that information get back to Danny?  Where does it say that?  Shareholders, old and new, need assurances for this thing to reach its full potential.    

I'll just state for the record, too that one of the biggest reasons I got my few hundred shares is that TAT was involved.  I have no interest in feuding with anybody.  But, this .2 transfer fee sucks and will hold back new shareholders who are worried about Havelock.  

FWIW, this might be a good place for a BTC startup.  In the real world, transfer agents are paid by corporations to handle exchange->stock-certificate conversions.  Somebody gets paid to handle that type of record-keeping and that type of certification.  No small startup or a passthru manager wants the burden of those emails.  

Sorry if I seem like I'm coming on strong...

[stenkross]

Just a few months ago we watched as two other exchanges collapsed.  What's their strategy for avoiding problems with US citizen/SEC issues again?  Where do I set my BTC address for dividends when the site goes offline for good from a hack or a phone call from the SEC?  How does that information get back to Danny?  Where does it say that?  Shareholders, old and new, need assurances for this thing to reach its full potential.

Those are legit questions, although most of them should be directed towards havelock.   

this .2 transfer fee sucks and will hold back new shareholders who are worried about Havelock.

Well, you can always purchase directly from someone on the forum using direct transfer on lmb-holdings.
Although escrow cost might be around the same as the transfer fee.

[stenkross]

The count of outstanding shares sold is 5,050,672 of the 16,000,000 that make up LMB Holdings as a whole.*

*These numbers are subject to future audit and can only be officially confirmed by LMB Holdings.

9,600,000 - 5,050,672 = 4,549,328 unsold public shares.
That's almost half of all public shares in the IPO offering.
Have you decided what will happen to the unsold shares?

[V2Rocket]

The count of outstanding shares sold is 5,050,672 of the 16,000,000 that make up LMB Holdings as a whole.*

*These numbers are subject to future audit and can only be officially confirmed by LMB Holdings.

9,600,000 - 5,050,672 = 4,549,328 unsold public shares.
That's almost half of all public shares in the IPO offering.
Have you decided what will happen to the unsold shares?

The shares will be destroyed to benefit existing shareholders you.
I'm totally super srs!

[velacreations]

Is the LMB site broken? I never got the verification email after creating my account. Can't see any way to have it sent again either...

yeah, I had the same problem.  Tried to buy shares before the deadline, account wouldn't verify, contacted support, they finally got me verified today, several days too late.

If you contact support, they'll eventually get to you, but not in time to mean anything.

[Bitdust]

Did you guys break the handle on your pump?  What's happening

[mikemikemike]

Did you guys break the handle on your pump?  What's happening

day traders are whats happening