Neo & Bee talk (spam free thread)

[velacreations]

that said, i'm holding

good thing, cause you couldn't sell them, even if you wanted to!

[sairon]

that said, i'm holding

good thing, cause you couldn't sell them, even if you wanted to!

haha, true that 

[Herp]

that said, i'm holding

good thing, cause you couldn't sell them, even if you wanted to!

Neo is doing the responsible thing and protecting shareholders from blatant manipulation attempts.

I bet most would hate to find out they've sold for peanuts only to see stock skyrocket the very next week.

[Stelios]

Do we have any news from NEO regarding this?   I think I missed something

[sairon]

that said, i'm holding

good thing, cause you couldn't sell them, even if you wanted to!

Neo is doing the responsible thing and protecting shareholders from blatant manipulation attempts.

I bet most would hate to find out they've sold for peanuts only to see stock skyrocket the very next week.

handholding, really? 

[Herp]

Do we have any news from NEO regarding this?   I think I missed something

March 28, 2014
FOR IMMEDIATE RELEASE:
Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity. While Neo and Bee Ltd investigate the issue further they have strongly recommended that we halt trading and transfers.
Havelock Investments has halted the NEOBEE fund and is awaiting further instructions from the issuer.

[waveofuture]

I've been lurking for a little while around here and thought I'd jump in at this point.

This whole thing stinks like manipulation and/or  system breach. With that said though, as an investor, I hope to hear more by the beginning of April one way or another. Burgeoning technologies are wild animals and those investing heavily in them, whether it be socially or monetarily, will do best with open communication. This company has a lot of potential.

[Stelios]

Do we have any news from NEO regarding this?   I think I missed something

March 28, 2014
FOR IMMEDIATE RELEASE:
Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity. While Neo and Bee Ltd investigate the issue further they have strongly recommended that we halt trading and transfers.
Havelock Investments has halted the NEOBEE fund and is awaiting further instructions from the issuer.

Thanks Herp, I've seen this, I was wandering if we have an official statement from NEO not Havelock.

[Herp]

Do we have any news from NEO regarding this?   I think I missed something

March 28, 2014
FOR IMMEDIATE RELEASE:
Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity. While Neo and Bee Ltd investigate the issue further they have strongly recommended that we halt trading and transfers.
Havelock Investments has halted the NEOBEE fund and is awaiting further instructions from the issuer.

Thanks Herp, I've seen this, I was wandering if we have an official statement from NEO not Havelock.

Well the information comes from Neo relayed to us by Havelock. Don't think Neo released any official statement. That might have to wait until Monday.

[Stelios]

Do we have any news from NEO regarding this?   I think I missed something

March 28, 2014
FOR IMMEDIATE RELEASE:
Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity. While Neo and Bee Ltd investigate the issue further they have strongly recommended that we halt trading and transfers.
Havelock Investments has halted the NEOBEE fund and is awaiting further instructions from the issuer.

Thanks Herp, I've seen this, I was wandering if we have an official statement from NEO not Havelock.

Well the information comes from Neo relayed to us by Havelock. Don't think Neo released any official statement. That might have to wait until Monday.

Oks, Thanks for the info .

p.s. Lets see how this will turn out

[PeterHarrisonCY]

Speculation:

An LMB -> Havelock transfer exploit was found, a user (presumably BTCApples, check the other thread) exploited it and sold it for a small amount at the time (2.8 mBTC/share). A little while later, the Troll accounts were causing the people to panic sell. They succeed.

Of course, whether TAT's fault or not, TAT was the person responsible for LMB -> Havelock transfers so he wanted to jump ship before he gets into legal (or more legal) trouble.

In the meantime, users (such as presumably BTCApples, (once again, check the other thread) and others) were stocking up on cheap shares.

All of this combines, left NEO no choice but to halt trading and launch an investigation.

Once again, this is just my speculation due to the info I was gathered over the few days.  Thoughts?

[Herp]

@PeterHarrisonCY

btcapples transferred the sold shares to other LMB accounts via direct transfer not to Havelock. He accepted Havelock shares as payment as well as BTC. I guess it's theoretically possible he transferred some of his own shares to Havelock and somehow they still showed in the account as available for direct transfer. Of course this is all speculation.

[velacreations]

yeah, I hesitate to accuse anyone without first knowing the details of what happened.  I don't know that anyone has actually done anything wrong, and until Neo or TAT or whoever comes in and gives us details about what they found, it may be premature to start speculating who was behind a hypothetical exploit.

[NanoAkron]

This all stinks of despicable market manipulation.

I really want to point the finger at <someone in particular in the BTC community>, in an attempt to undermine a potentially successful competing business, but without further evidence it's pure speculation at this stage and that's not what this new thread should be for.

[SZZT]

@nano why not deleting the comment, since you dont want to point fingers?
seems like you are attempting to do the thing you say you don't want to do

[johnny211]

the question now is how many got stolen and how many got dumped?

Would be interesting to compare some older ledgers to the current one. Any1 have old copies?

[n00bwastaken]

Any one experiencing difficulties accessing Havelock site?

[randomlygenerated]

the question now is how many got stolen and how many got dumped?

Would be interesting to compare some older ledgers to the current one. Any1 have old copies?

http://webcache.googleusercontent.com/search?q=cache:gPgQVhMW1RoJ:https://www.lmb-holdings.com/public_ledger/+&cd=1&hl=en&ct=clnk&gl=uk

Cache from 15th March. Can see there is one entry that's gone down from 31035 shares to just having 1 left now, guessing that's btcapples. Overall there is less shares on LMB holdings now than there was on 15th March (2,338,855 now vs 2,342,976 then).

 

[equipoise]

Hence, inexpert interpretation, and I have no intention of FUD; i currently own 800 shares and would have many more if trading wasnt frozen.

However, if what I propose is indeed the case I dont think it reflects poorly on either party; it actually seems like a pretty mature decision.

Same here, but mine are on Havelock. I have 802 and I was just going to be dumped 550-650 more. I really wanted to get those, but at that time the trading was frozen. I now have 280 less then I had the day before. If it was a mature decision only the time will tell - currently we don't know the facts and the details.

Edit: I also had some small buy orders in the 0.001-0.0013 range just in case it got so low, but I don't think those were going to be filled and if they were filled I was going to send another tiny deposit to havelock for even lower sells - at that time the panic sellers could become insane.

[NanoAkron]

@nano why not deleting the comment, since you dont want to point fingers?
seems like you are attempting to do the thing you say you don't want to do

Done - I've edited my post.