Neo & Bee talk (spam free thread)

[Musk]

If someone is lurking around the Neo Office, tell us if you see someone trying to jump out the window.

in the mean time..

https://twitter.com/Papaphoenix/status/452091159536730112

[mc_lovin]

Have they actually even filed for bankruptcy?

no, they haven't done anything.  The branch is abandoned.  Danny is MIA

So isn't that rather asshole-ish of Havelock to put a "Q" after their ticker when that is supposed to mean they are in bankruptcy proceedings?

When a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol.

Is there a letter for when the CEO runs off and the entire company staff quits?

I heard it was the letter 'E'

http://www.sec.gov/answers/eadded.htm

[NotLambchop]

nope.
EDIT: they haven't even resume trading. According to havelock announcements, havelock itself
decided to change name on the asset and let it trade, freely.

So, there's that. Right now, people sold their actuall neobee shares for coins, and people are buying neobeeq shares
the value of which is questionable.

Why isn't anyone commenting on this?  This really is pretty funny shit.

[S4VV4S]

How much money/btc was actually invested in Neo & Bee?

like 12K btc

So, what IF:

Danny took your money/btc, run off claiming all the shit he does.
Waiting for everyone to sell his/hers shares for dirt cheap and buy it all back with YOUR money and be the sole owner.

Just a thought here  

[mc_lovin]

How much money/btc was actually invested in Neo & Bee?

like 12K btc

So, what IF:

Danny took your money/btc, run off claiming all the shit he does.
Waiting for everyone to sell his/hers shares for dirt cheap and buy it all back with YOUR money and be the sole owner.

Just a thought here 

Here's hoping.  It will surely give their brand a solid image after that point.

[bitcoin.newsfeed]

What about

d) The Central Bank looked at the proposal (unexperienced CEO unfamiliar with the Cypriot market, tiny capital, extremely volatile assets with no real backing, vague business plans, etc.) , concluded that it would end up badly for the customers, and did what their public mission required them to do.

That's good. Apparently he has enough experience for buying Bentley.

I should write to Zhou Tonged for remix request of

Butthurt, Brewster, Bentley

https://www.youtube.com/watch?v=xMy8FDm-oOc

[Luttinen]

How much money/btc was actually invested in Neo & Bee?

like 12K btc

So, what IF:

Danny took your money/btc, run off claiming all the shit he does.
Waiting for everyone to sell his/hers shares for dirt cheap and buy it all back with YOUR money and be the sole owner.

Just a thought here  

You see messed up cases of manipulation on the stock exchanges very often. These are done to shake of weak hands so that big boys can buy in at bargain prices.

[S4VV4S]

How much money/btc was actually invested in Neo & Bee?

like 12K btc

So, what IF:

Danny took your money/btc, run off claiming all the shit he does.
Waiting for everyone to sell his/hers shares for dirt cheap and buy it all back with YOUR money and be the sole owner.

Just a thought here  

Here's hoping.  It will surely give their brand a solid image after that point.

What makes you think that he didn't register a new company in the UK willing to "take over"?

EDIT: Something tells me that all shareholders should HODL!

[mc_lovin]

What about

d) The Central Bank looked at the proposal (unexperienced CEO unfamiliar with the Cypriot market, tiny capital, extremely volatile assets with no real backing, vague business plans, etc.) , concluded that it would end up badly for the customers, and did what their public mission required them to do.

That's good. Apparently he has enough experience for buying Bentley.

I should write to Zhou Tonged for remix request of

Butthurt, Brewster, Bentley

https://www.youtube.com/watch?v=xMy8FDm-oOc

We definitely need some Neo Bee music right about now.  Music soothes the savage shareholder.

[velacreations]

there was some money to be made on NEOBEE today, buying at a satoshi, selling right now for .00014

[Luttinen]

How much money/btc was actually invested in Neo & Bee?

like 12K btc

So, what IF:

Danny took your money/btc, run off claiming all the shit he does.
Waiting for everyone to sell his/hers shares for dirt cheap and buy it all back with YOUR money and be the sole owner.

Just a thought here  

You see messed up cases of manipulation on the stock exchanges very often. These are done to shake of weak hands so that big boys can buy in at bargain prices.

If you wanna learn from the best http://www.youtube.com/watch?v=gMShFx5rThI

[pleiotropik]

As an aside... Havelock keeps going offline... hard to trade today amongst the ugly news i consider myself lucky to have gotten those 700shares at .000099

[S4VV4S]

How much money/btc was actually invested in Neo & Bee?

like 12K btc

So, what IF:

Danny took your money/btc, run off claiming all the shit he does.
Waiting for everyone to sell his/hers shares for dirt cheap and buy it all back with YOUR money and be the sole owner.

Just a thought here  

You see messed up cases of manipulation on the stock exchanges very often. These are done to shake of weak hands so that big boys can buy in at bargain prices.

If you wanna learn from the best http://www.youtube.com/watch?v=gMShFx5rThI

Bro, I have never seen this video but.... I stopped at 1:30
Not coz I don't care but because I know all this stuff 

But thanks for sharing 
Many new members will find this useful 

[Luttinen]

What's with the silence? Everyone trading Neobee or wtf all you guys went silent?

[velacreations]

What's with the silence? Everyone trading Neobee or wtf all you guys went silent?

I was just buying your shares for a satoshi.

[Luttinen]

What's with the silence? Everyone trading Neobee or wtf all you guys went silent?

I was just buying your shares for a satoshi.

Some weird shit is going on. Feels like someone's toying with us.

[Darkstone2]

Herp's spirit must be toying with us.


I wish i'd brought those shares for a satoshi.. better luck next time.

[JorgeStolfi]

Odd question:  Why was trading resumed?  Who authorised it?  Presumably not Danny, right?  TAT quit, who else had the authority?

The question perhaps should be, why did it stop trading.

Stopping the trading of a stock is a blow to investors who bought it on the assumption that they coud sell it any time they wanted. 

Please correct me if I am wrong, but I suppose that the owners of a stock market have the right to stop and resume trading any stock, unless they are bound by contract to keep trading it or whatever.

On the other hand, the company's executives should NOT have that right -- once sold, the shares are no longer the firm's property.

I understand that N&B management ASKED Havelock to stop trading, alleging some unspecified "irregular trading", and Havelock agreed; but since Havelock had no further information, they resumed trading.

Investors who could have sold their shares earlier were prevented from doing so, and now have lost almost all their investment.  (Well, if not them, someone else would have lost their money, anyway.)

Perhaps management did that in order to hide the collapse for a few more days while looking for new investors.

[michaelGedi]

sweet, came home to find the accouncement, after the show was all over!

[Luttinen]

Buy When There's Blood In The Streets

Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.”

He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that’s not the whole story. The original quote is believed to be “Buy when there’s blood in the streets, even if the blood is your own.“

This is contrarian investing at its heart–the strongly held belief that the worse things seem in the market, the better the opportunities are for profit.

Most people only want winners in their portfolios, but as Warren Buffett warned, “You pay a very high price in the stock market for a cheery consensus.” In other words, if everyone agrees with your investment decision, it’s probably not a good one.

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Contrarians, as the name implies, try to do the opposite of the crowd. They get excited when an otherwise good company has a sharp but undeserved drop in share price. They swim against the current and assume the market is usually wrong at both its extreme lows and highs. The more prices swing, the more misguided they believe the rest of the market to be. (For more on this, read “Finding Profit In Troubled Stocks.”)

Bad Times Make for Good Buys

Contrarian investors have historically made their best investments during times of market turmoil. In the crash of 1987, the Dow dropped 22% in one day in the U.S. In the 1973-’74 bear market, the market lost 45% in about 22 months. The terrorist attacks of Sept. 11, 2001, also resulted in a major market drop. The list goes on and on, but those are times when contrarians found their best investments.

The 1973-’74 bear market gave Warren Buffett the opportunity to purchase a stake in the Washington Post Co. , an investment that has subsequently increased by more than 100 times the purchase price–that’s before dividends are included.

At the time, Buffett said he was buying shares in the company at a deep discount, as evidenced by the fact that the company could have “sold the [Post's] assets to any one of 10 buyers for not less than $400 million, probably appreciably more.” Meanwhile, the Washington Post Company had only an $80 million market cap. (For more on Buffett’s strategy, see “Think Like Warren Buffett” and “What Is Warren Buffett’s Investing Style?”)

After the Sept. 11 attacks, the world stopped flying for awhile. Suppose that at this time, you had made an investment in Boeing , one of the world’s largest builders of commercial aircraft. Boeing’s stock didn’t bottom until about a year after the tragedy, but from there, it more than quadrupled in value over the next five years. Clearly, although Sept. 11 soured market sentiment for the airline industry for quite some time, those who did their research and were willing to bet Boeing would survive were well rewarded.

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Also during that time, Marty Whitman, manager of the Third Avenue Value Fund, purchased bonds of K-Mart both before and after it filed for bankruptcy protection in 2002. He only paid about 20 cents on the dollar for the bonds. Even though, for a while, it looked like the company would shut its doors for good, Whitman was vindicated when the K-Mart emerged from bankruptcy and his bonds were exchanged for stock in the new company.

Shares jumped much higher in the years following the reorganization, and then were taken over by Sears Holding , which produced a nice profit for Whitman. Thanks to moves like this, the Third Avenue Value Fund has earned a market-beating 14.3% return since Whitman founded the fund in 1990.

Sir John Templeton ran the Templeton Growth Fund from 1954 to 1992, then sold it. Each $10,000 invested in the fund’s Class A shares in 1954 would have grown to $2 million by 1992, with dividends reinvested, or an annualized return of about 14.5%. Templeton pioneered international investing. He was also a serious contrarian investor, buying into countries and companies when, according to his principle, they hit the “point of maximum pessimism.”

As an example of this strategy, Templeton bought shares of every public European company at the outset of World War II in 1939, including many that were in bankruptcy. He did this with borrowed money, to boot. After four years, he sold the shares for a very large profit. (To learn more about Templeton and other great investors, see the “Greatest Investors Tutorial.’)

Putting It On the Line

But there are risks to contrarian investing. While the most famous contrarian investors put big money on the line, swam against the current of common opinion and came out on top, they also did some serious research to ensure the crowd was indeed wrong. So, when a stock takes a nosedive, this doesn’t prompt a contrarian investor to put in an immediate buy order, but to find out what has driven the stock down and whether the drop in price is justified.

While each of these successful contrarian investors has his own strategy for valuing potential investments, they all have the one strategy in common–they let the market bring the deals to them, rather than chasing after them.