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

[thekekk]

Last update was 10 days ago why everyone missed it?

Neo Branch Grand 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 use Euros only 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.

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[kingcrimson]

Price is crashing Thought this one was actually pretty solid. What's happening?

[theMiracle]

Some volume even...

[creekbore]

Price is crashing Thought this one was actually pretty solid. What's happening?

Seems someone is liquidating their position; the order book is very thin at present, so any significant activity moves us up or down quite dramatically.

[theMiracle]

Thanks for explaining the basics of trading, and for that sweet definition of "dumping."

[kingcrimson]

Why dump though? This security is just getting started. It has crazy amount of potential.

[Honkyhonk]

That was a fun little drop. Thanks to whoever was selling those 10,000 shares at .003

[theMiracle]

@kingcrimson:  Of course this is just getting started.  That's the sad part.
@Honkyhonk:   At what price point should we expect further investment from you, then?

[Honkyhonk]

@miracle

Well, I'm just trying to get my shares back that I sold at 59. I had buys at 37 and 35 that got blown out today. And I logged on in time to catch the last of that big dump down to 30, it looks like, So I'm pretty happy. Pretty much traded out for the day. Don't want to think anymore really.

Were you the dumper? What do you mean "we"?

[creekbore]

Thanks for explaining the basics of trading, and for that sweet definition of "dumping."

My apologies, I forgot that the preferred trading-pro nomenclature is: pump, dump, crash and to da moon.

Please enlighten us further with your verbosity, skill and knowledge.

[NUFCrichard]

Why dump though? This security is just getting started. It has crazy amount of potential.

It is heavily based on the BTC price, if you don't beleive in BTC, then you should sell NeoBee too.  I see it as essentially a double down on bitcoin.

[bitcoin.newsfeed]

Price is crashing Thought this one was actually pretty solid. What's happening?

Maybe NEOBEE is dumping remaining IPVO shares to the market(raising free capital), we don't know, we still don't have IPVO summary how many shares are sold and how many shares are left obviously bullshit, but i want to point out that after 2 weeks we don't have IPVO summary ... possible only in unregulated Bitcoinland

[nicopalavecino]

Just received a mail that I bought 6600 shares at 31 when it was at 40 this morning, crazy.

Good luck with the business, it would be nice if you could succeed in bringing bitcoin into the mainstream.

[USER=25321]@Miracle[/USER]

Well, I'm just trying to get my shares back that I sold at 59. I had buys at 37 and 35 that got blown out today. And I logged on in time to catch the last of that big dump down to 30, it looks like, So I'm pretty happy. Pretty much traded out for the day. Don't want to think anymore really.

Lucky guys!
Posted from Bitcointa.lk - #iodGGIcNWTK6UWEV

[Herp]

Price is crashing Thought this one was actually pretty solid. What's happening?

Maybe NEOBEE is dumping remaining IPVO shares to the market(raising free capital), we don't know, we still don't have IPVO summary how many shares are sold and how many shares are left obviously bullshit, but i want to point out that after 2 weeks we don't have IPVO summary ... possible only in unregulated Bitcoinland

https://twitter.com/BtcDanny/status/443968881867370496

Thoughts on recent share price movement? Some were speculating about the unsold shares which might have brought down the price.

Danny Brewster: unsold shares will not be sold without a great deal of notice, if ever at all. Illiquid markets causes the sudden movements

[Stelios]

"Panicos Demetriades resigns from CBC, now they want to talk with us..." https://twitter.com/BtcDanny/statuses/443037460524990465

Panicos Demetriades  was the former CBC  Governor.

[Herp]

We won't see rest of the remaining shares on the market anytime soon:

https://twitter.com/BtcDanny/status/444070370631745536

Lots of people are not touching current available shares due to possibility of buying remaining shares.

Danny Brewster: there is no possiblity of that for the foreseeable future

[Sledge]

New Video of George Papageorgious, CEO of Neo & Bee, on ANT1 TV

https://www.youtube.com/watch?v=wXhMzJLl02A

Does anybody that understands greek well know what they are talking about? I asked someone to help and they concluded something about 50,000 businesses at the end.

[IamNotSure]

Do you know when the first dividend is planned to be distributed ?

[mgio]

Price is crashing Thought this one was actually pretty solid. What's happening?

Seems someone is liquidating their position; the order book is very thin at present, so any significant activity moves us up or down quite dramatically.

Yeah, it looks like someone just had to get their money out as soon as possible.

It's a good time to buy, imo.

[Tas]

New Video of George Papageorgious, CEO of Neo & Bee, on ANT1 TV

https://www.youtube.com/watch?v=wXhMzJLl02A

Does anybody that understands greek well know what they are talking about? I asked someone to help and they concluded something about 50,000 businesses at the end.

For most of the interview, he's explaining what bitcoin is and what kind of services Neo is offering to the islanders. Near the end, it gets a bit more interesting (for me, at least).

...
Interviewer: 'till now, how many merchants have come forward and expressed interest in this technology and is there interest from the general public too?

Papageorgiou: There is a lot of interest. On the 24th and 25th, we had two seminars for merchants in Nicosia and Limassol. We had more than 500 merchants and CEOs. They showed a lot of interest in bitcoin as payment system. We explained it to them with the help of the University of Nicosia and we have already established some strong alliances with merchants on the island who in the coming weeks they'll start accepting bitcoins from people.

Interviewer: Internationally, how's the market? Does bitcoin have a large share of the market?

Papageorgiou: Internationally, there are about 50,000 businesses that accept bitcoin, ...