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velacreations
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November 05, 2013, 11:08:46 PM |
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what's up with the share price today? no news, but there is a lot of sell pressure. Are people just trying to cash out some btc?
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San1ty
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November 05, 2013, 11:27:04 PM |
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what's up with the share price today? no news, but there is a lot of sell pressure. Are people just trying to cash out some btc?
What sell pressure? All I see was a big sell with the usual aftershock and after that a quick recovery. TO DA MOOON! |
Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
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velacreations
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November 06, 2013, 01:47:17 AM |
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What sell pressure? All I see was a big sell with the usual aftershock and after that a quick recovery.
TO DA MOOON!
hmm, I guess a whale cleared the order book, but I see a few sell walls that are standing (the one at .0025) and we're still several thousand shares from where we were yesterday. |
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kingcrimson
Legendary
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Activity: 1025
Merit: 1000
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November 06, 2013, 04:49:38 AM |
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I'd say it is holding its value pretty well considering the BTC/USD has doubled since IPO. Anyone selling cheap will regret it later  |
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cryptocyprus (OP)
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November 06, 2013, 05:37:21 AM |
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Myself and TAT shall finalize and announce the plans surrounding BitFunder and migrations etc later today.
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bitcoin.newsfeed
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November 06, 2013, 09:11:48 AM |
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Hmmm considering the ongoing valuation of BTC right now I have question for you guys.
You said, that you already have some clients, so NEOBEE is already making some profits from rise of BTC value, right?
So the question is, will be profit from this divided between shareholders later? Or you will keep it.
Also ... regarding to transparency, from where the shareholders know what is the profit of NEOBEE? Or do we have only to trust you guys, that you're not just making up some numbers? You can easily say, "we did a 10 000 BTC profit in last Q", but the reality could be that you made 40 000 BTC ... how can the shareholder verify that you are telling truth? It just about trust between you and us?
Disclaimer : I have several thousands of shares ...
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... Question Everything, Believe Nothing ...
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cryptocyprus (OP)
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November 06, 2013, 09:18:36 AM |
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Hmmm considering the ongoing valuation of BTC right now I have question for you guys.
You said, that you already have some clients, so NEOBEE is already making some profits from rise of BTC value, right?
So the question is, will be profit from this divided between shareholders later? Or you will keep it.
Also ... regarding to transparency, from where the shareholders know what is the profit of NEOBEE? Or do we have only to trust you guys, that you're not just making up some numbers? You can easily said, "we did a 10 000 BTC profit in last Q", but the reality could be that you made 40 000 BTC ... how can the shareholder verify that you are telling truth? It just about trust between you and us?
Disclaimer : I have several thousands of shares ...
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. |
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minerpart
Sr. Member
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Activity: 280
Merit: 250
IIIIII====II====IIIIII
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November 06, 2013, 12:14:53 PM
Last edit: November 06, 2013, 12:43:30 PM by minerpart |
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http://www.sigmalive.com/inbusiness/news/financials/73766Banking on a new era with deep cuts
Angel Aggelodimou | 04 November 2013, 7:51 inbusiness
A number of measures should be taken to get back on the right track by the banking sector in Cyprus recorded in the report of the Independent Commission on the Future of the Cyprus banking sector, while the Bank of Cyprus and the Greek engage in race to achieve the notorious consolidation
"While the list of recommendations may seem scary, Cyprus has the strength to face all the challenges," were the words of the President of the Commission on the Future of the Cyprus banking sector NteivintLassels. Assisted by the other three members of the Committee, George Charalambous NteivintGkrin and Pierre de MEP, Mr. Lassels presented a few days ago the Commission's findings and its recommendations. As said, Cyprus is not the only country facing these issues, however, the banking crisis contains lessons that can help improve international practices in areas such as management of large banking systems and the recovery from the crisis. The current lack of depositor confidence in banks because of the bail-in is the major issue facing the banking industry. The steady migration of deposits continues, despite the existence of capital controls, noted with emphasis Mr. Lassels.
The Commission believes that the best way to restore confidence in a reasonable time, it is the Government to issue government guaranteed all deposits in local banks, and so it must be underpinned by a commitment by the European authorities that will provide the necessary capital and liquidity support. "Without such a guarantee, the uncertainty will continue to affect the local banks and the economy, causing unnecessary damage, for example by restricting the flow of lending and savings."In this unique and extreme local climate with Cypriot banks closing down branches due to depositor flight how likely are the Cypriot Government to grant a Bitcoin bank an operating licence? They are desperate to get their own banks liquid again and servicing the business and domestic economy with loans and for that to happen they need Cypriot depositors to return. So a simple question - in what way would granting Neo+Bee freedom to operate help the desperate situation in Cyprus for it's Government and business sector?
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cryptocyprus (OP)
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November 06, 2013, 12:58:04 PM |
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So a simple question - in what way would granting Neo+Bee freedom to operate help the desperate situation in Cyprus for it's Government and business sector?
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. |
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ffssixtynine
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November 06, 2013, 01:00:25 PM |
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Well for a start it is a local bank which is offering people a way to store money which, in theory, is more secure for customers.
In Cyprus they just want people to bank again. Neo may be a somewhat specialist bank, but it's also still a bank. People depositing happily in neo would help regain overall confidence. Neo themselves will be hard pushed to get customers given what's happening, but business and rich individuals really do need a bank for their deposits and transactions.
A successful neo will boost business and perhaps innovation.
I'd suggest that the current situation, and I didn't know it was getting worse, is a boon for neo. Cyprus is desperate.
Danny, has the commission president given any indication how he sees neo versus existing banks?
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Fabrizio89
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November 06, 2013, 06:58:03 PM |
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what's up with the share price today? no news, but there is a lot of sell pressure. Are people just trying to cash out some btc?
Of course. With this recovery and continuation of the precedent bullish trend of btc I wouldn't expect the price of shares to return to IPO price if no news about the current situation of the business is released, but we don't really need one for now. Even then we may see some serious sell pressure, since people didn't see this coming and if someone cares so much for his fiat holdings he can probably bear to lose a 30% overall by selling at the points we saw. |
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kingcrimson
Legendary
Offline
Activity: 1025
Merit: 1000
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November 07, 2013, 03:17:43 AM |
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what's up with the share price today? no news, but there is a lot of sell pressure. Are people just trying to cash out some btc?
Of course. With this recovery and continuation of the precedent bullish trend of btc I wouldn't expect the price of shares to return to IPO price if no news about the current situation of the business is released, but we don't really need one for now. Even then we may see some serious sell pressure, since people didn't see this coming and if someone cares so much for his fiat holdings he can probably bear to lose a 30% overall by selling at the points we saw. That is true but shareholders are guaranteed .0035 in dividends, well above what the shares are panic selling for. Not sure why they would sell when the odds are so great that they will make more holding. |
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snowdropfore
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November 07, 2013, 03:29:36 AM |
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Myself and TAT shall finalize and announce the plans surrounding BitFunder and migrations etc later today.
where is the announcement?? |
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lewicki
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November 07, 2013, 04:05:08 AM |
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That is true but shareholders are guaranteed .0035 in dividends, well above what the shares are panic selling for. Not sure why they would sell when the odds are so great that they will make more holding.
They're not used to real world dividend payout schedules. It's fine by me. I suppose people are also selling because XBT/USD is currently high. Though, I can't reason why they would sell at a 50% loss, given that the price of XBT would have to drop blow $135 to make up that 50%. Easy money all around. |
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thehun
Legendary
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Activity: 1212
Merit: 1037
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November 07, 2013, 08:35:03 AM |
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A question for Danny:
with the recent spike in BTC value, isn't there enough money to get the project fully (not just partially) rolling even if there are no more IPO shares sold? Maybe the ownership could be accordingly distributed so current shareholders could get a bigger chunk of the action.
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Skoutz
Member
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Activity: 109
Merit: 10
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November 07, 2013, 09:27:24 AM |
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A question for Danny:
with the recent spike in BTC value, isn't there enough money to get the project fully (not just partially) rolling even if there are no more IPO shares sold? Maybe the ownership could be accordingly distributed so current shareholders could get a bigger chunk of the action.
THIS IS A GREAT IDEA. GIVEN THAT THE COMPANY NOW HAS (IN EURO TERMS) ALMOST TRIBLE THE AMOUNT INITIALLY COLLECTED, IT IS MORE THAN ENOUGH TO HAVE THE PROJECT FULLY FINANCED, AND THEREFORE NO NEW IPVO SHARES SHOULD BE SOLD AT 0.003 BTC.THIS WOULD BE A REWARD TO THE SHAREHOLDERS WHO TRUSTED THE COMPANY AND DANNY FROM THE VERY BEGINNING. ANYONE WHO WANTS TO BUY SHARES OF NEOBEE, CAN DO SO FROM THE SECONDARY MARKET. DANNY, WHAT IS YOUR VIEW ON THIS? |
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Stuartuk
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November 07, 2013, 09:47:49 AM |
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It would be illegal wouldn't it? Breach of contract.
STOP SHOUTING.
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thehun
Legendary
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Activity: 1212
Merit: 1037
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November 07, 2013, 09:54:38 AM |
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It would be illegal wouldn't it? Breach of contract.
STOP SHOUTING.
A breach of contract that no one would complain about though  |
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Skoutz
Member
Offline
Activity: 109
Merit: 10
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November 07, 2013, 09:55:43 AM |
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It would be illegal wouldn't it? Breach of contract.
STOP SHOUTING.
A breach of contract that no one would complain about though WHAT BREACH OF CONTRACT? THERE IS NO CONTRACT WITH "WANNA BE SHAREHOLDERS" WHO DO NOT BOUGHT SHARES OF THE COMPANY. |
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cryptocyprus (OP)
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November 07, 2013, 10:00:45 AM |
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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.
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