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

[professorY]

Has it been mentioned when we might expect the first dividends? 

Dividends are quarterly according to the prospectus. I don't know, but I would suspect that Q1 wouldn't be much since they aren't even opening until near the end of February, so I don't expect to see anything in the way of dividends until at least the end of Q2 in June/July.

100% my speculation.

[velacreations]

Dividends are quarterly according to the prospectus. I don't know, but I would suspect that Q1 wouldn't be much since they aren't even opening until near the end of February, so I don't expect to see anything in the way of dividends until at least the end of Q2 in June/July.

100% my speculation.

that was my speculation as well.  Thanks.

[lluboski]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

[floatyfish]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

[professorY]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Maybe not, and that would be totally reasonable. I said at least Q2.

[NanoAkron]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.

[professorY]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.

If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.

[NanoAkron]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.

If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.

One can dream…

But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere

[professorY]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.

If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.

One can dream…

But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere

Of course. But I was thinking that a few years down the line, if all goes as planned, I doubt they will be still limited to Cyprus. Establishing a solid base in an EU country could be a terrific springboard to other parts of Europe and the rest of the world.

[GreenBits]

TAT or NEO-PR, could you please tell us what's the current turnaround time on a share migration from LMB-Holdings to Havelock? It was mentioned earlier that there might be some delays (might have involved an entirely different exchange, if so, my bad), is that the case atm? Appreciated in advance.

[ThickAsThieves]

I am not in my normal location, and do not have access to the share management system. No exports from LMB will be processed until next Tues/Wed.

[cryptocyprus]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.

If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.

One can dream…

But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere

That is why we are developing the Neo Portals (atm) to enable us to establish a larger footprint across Europe, then using the data from the portals to establish the areas that will benefit from a branch.

[NanoAkron]

Dividend suppose to be paid from profits.Do you really think they will be profitable this year?

Frankly, I'm in it for the long haul. First mover advantage is huge, and they're taking their time it seems in order not to screw anything up. If the market decides that no profit this year is bad and punishes them by tanking the stock, more for me.

I'm just happy to know I personally own x% of the first bitcoin bank opening to the public. If it tanks, I took an affordable risk, if it succeeds…well, banks measure their market caps in the billions, if not the tens of billions of US$.

If all of the stars align and NEOBEE is able to live up to its potential, I don't think we can even imagine how huge it could be. 'Industry-defining' comes to mind.

One can dream…

But in reality, Cyprus only has a total GDP of US$22bn…it'll take entire economies shifting to bitcoin before we can retire on an island somewhere

That is why we are developing the Neo Portals (atm) to enable us to establish a larger footprint across Europe, then using the data from the portals to establish the areas that will benefit from a branch.

You might find that expanding the BEE network is easier than expanding NEO, given local banking competition and regulations.

Although Metro Bank recently started in London, the first new banking offer in 100 years if I remember correctly.

[stereotype]

You might find that expanding the BEE network is easier than expanding NEO, given local banking competition and regulations.

Although Metro Bank recently started in London, the first new banking offer in 100 years if I remember correctly.

Unless you meant just London, how about nice man Dave... http://www.burnleysavingsandloans.co.uk/about-us/

Max K is a big fan, apparently. I think 'Davecoin' has a certain appeal.

[Fabrizio89]

I bet with the Miami conference we will see most of the direct shares go. I'd love to see a live stream of the event, if anyone know if there will be one please share a link or informations.

[mmitech]

Guys some clarification please because I still do not understand something !!

NEOBEE Initial Public Virtual Offering
The underlying asset shall is registered and traded on BitFunder.com, under the ticker NEOBEE.
NEOBEE shares on Havelock Investments’ exchange will are 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.

Pre-IPVO Redemption Rules & Instructions:
AFTER THE OFFERING BEGINS ON SEPT 17, 17:00 UTC, XBOND holders may instigate a redemption exchange for this Pre-IPVO offering. Simply transfer your bonds to the the XBOND issuer account within HavelockInvestments.com, then send a corresponding email to tat.investments@gmail.com confirming your desired Pre-IPVO purchase quantity desired, and your account name on BitFunder.

so if I buy some shares on havelockinvestments.com what do I have to do next ? send an e-mail to TAT informing them about it in order to receive future Dividends, or this is required only for people switching between exchanges ?

[Fabrizio89]

If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.

[mmitech]

If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.

this is what I've thought, I had to be sure, thank you

[NanoAkron]

If you buy from Havelock, you will receive dividends on Havelock, no further action is required from you. If you want to transfer to direct shares, you have to create an account at lmb-holdings and ask for a transfer there - no other exchange is available atm.
If you buy direct shares, dividends will be paid on the address you specified on lmb-holdings. Same as above applies if you want to transfer shares from there to Havelock.

What are the relative advantages/disadvantages of holding shares via Havelock vs. LMB-Holdings? And I read somewhere that the division of shares will be 60% public, 40% LMB-Holdings - how does this relate to the 'direct shares' we're talking about?

[deizel]

What are the relative advantages/disadvantages of holding shares via Havelock vs. LMB-Holdings? And I read somewhere that the division of shares will be 60% public, 40% LMB-Holdings - how does this relate to the 'direct shares' we're talking about?

There are 9,600,000 public shares, currently representing 100% of profits. Once these shares have recieved 0.0035 BTC/share in dividends, an additional 6,400,000 shares (privately held by LMB-Holdings) will be introduced, reducing public shares to recieving 60% of profits from that point in time.

The 9,600,000 public shares are distributed amongst a few places: exchanges such as BitFunder, BTC-TC, Havelock; and directly with LMB-Holdings.

The advantages/disadvantages of Havelock is that your shares can be sold on the open market (either by yourself - probably an advantage; or by someone who gains access to your account - disadvantage), or the exchange - like others before it - may shut down due to legal issues (making your shares untradable for a period while they are migrated to a new platform).

Those who don't wish to trade and are considering this as a long-term investment may prefer the security of having shares held directly with LMB-Holdings, rather than sitting on an exchange like Havelock.

"Direct shares" come from the 60% (currently 100%) public share and should not be confused with the "private shares" (40%) introduced later.