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

[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.

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[ThickAsThieves]

The Havelock version is now open for early bidding: https://www.havelockinvestments.com/order.php?symbol=NEOBEE

It's release will coincide with the others on Friday.

[Skoutz]

The photos are awesome, looks like  a Wall Street building being conquered by the Bitcoiners!

[cryptocyprus]

The photos are awesome, looks like  a Wall Street building being conquered by the Bitcoiners!

I will have to post some photos, so you can see just how much it stands out in the area, the owner got special permission to build twice the height of standard building regulations.

[utens]

The photos are awesome, looks like  a Wall Street building being conquered by the Bitcoiners!

I will have to post some photos, so you can see just how much it stands out in the area, the owner got special permission to build twice the height of standard building regulations.

Like a boss

[xchrisxsays]

So already on Havelock people are placing bids above the value of the IPO. You will be filling the pre-IPO bids that are actually IPO price first, right?

[ThickAsThieves]

So already on Havelock people are placing bids above the value of the IPO. You will be filling the pre-IPO bids that are actually IPO price first, right?

I'm not sure why people would overbid without it being oversubscribed yet, but orders will be filled in the natural priority of the orderbook. Price always trumps age, age always trumps recency.

[FloatesMcgoates]

I realize that this IPO will be handled with dynamic allocation of available shares to the exchanges with the most demand, but will there be any information given to the initial distribution numbers to each? The reason I ask this is to be smart when it comes to whether or not outbidding is necessary to attain the most optimal position.

[VJain]

Hope I didn't miss the "posting date", but when will the asset be listed on BitFunder? Time of the IPO?

[ThickAsThieves]

I realize that this IPO will be handled with dynamic allocation of available shares to the exchanges with the most demand, but will there be any information given to the initial distribution numbers to each? The reason I ask this is to be smart when it comes to whether or not outbidding is necessary to attain the most optimal position.

I believe this answers your question: https://bitcointalk.org/index.php?topic=289730.msg3166320#msg3166320

The solution to your bidding strategy is yours to deduce  

[pedrog]

Hope I didn't miss the "posting date", but when will the asset be listed on BitFunder? Time of the IPO?

It is already listed: https://bitfunder.com/asset/NEOBEE

[ThickAsThieves]

The official IPVO will begin on Friday, September 20th at 1PM EDT / 5PM UTC on BitFunder, Havelock, and BTCT.

[ThickAsThieves]

Hope I didn't miss the "posting date", but when will the asset be listed on BitFunder? Time of the IPO?

It is already listed: https://bitfunder.com/asset/NEOBEE

That's correct, we're trying to get in touch with BitFunder to show it on the market soon and allow early bidding like the other exchanges.

[BitCsByBit]

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

[N_S]

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

The fact people do that doesn't ensure a Labcoin-esque fiasco. That mess is a result of Labcoin's continued incompetence, something we haven't seen a shred of from N&B.

[237]

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

Why would that make a mess of things?
Bidding over "official" IPO price will benefit NEOBEE and not the speculators. That's how it should be IMO

The way this IPO is organized is nothing like the Labcoin IPO at all.

-237-

Edit. Sorry N_S was faster

[N_S]

Edit. Sorry N_S was faster

Your points were spot on as well 

[Vigil]

I am confused as to how to purchase pre-IPVO shares. I have to purchase XBONDs on Havelock?

[xchrisxsays]

I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

Seriously, it's kind of BS and just asking for trouble in a free market like Bitcoin securities. I get why TAT is doing it, because it incentivizes people to lock in shares pre-IPVO through X-BOND, i.e., guarantees more profits for his own company. I would probably do the same if I was in his shoes, since he is a rationally self-interested person. But Either your IPO is the price you say it is or it isn't. This is not an IPO at .003, this is an auction style IPO, the highest bidders get the shares. By honoring higher prices first that is exactly what they are making this, there is no two-ways about it.

[N_S]

I am confused as to how to purchase pre-IPVO shares. I have to purchase XBONDs on Havelock?

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.