Neo & Bee talk (spam free thread)

[velacreations]

there was a chance to make a lot of money yesterday, actually.  buying at .00000001 and selling at .00014 is a significant profit.

[Luttinen]

Buy When There's Blood In The Streets

There is investing in trading companies who are at the bottom of the market ....

You may want to read article I've posted earlier. Quite a few made money buying shares in bankrupt companies companies, delisted companies and so on. So you're wrong about making money only with companies who's shares found a bottom.

There's a very negative view bias on NEO now which makes it very interesting contrarian investment, because very often the general consensus is wrong. Most of the negativity is based purely on speculation. There isn't one single piece of evidence to prove any of the highly negative claims. This alone makes it interesting not to mention other factors such as frozen Bitfunder funds, software and other such assets. Neo is basically trading way below book value at current price.

The shares being sold do not represent equity, they are *shares of NEOBEE's profits*.  Though it's unclear whether the new NEOBEEQ shares also represent the company's *debt*.  Each share you buy may entitle you to be liable for a portion of it

Why don't you go play with yourself for a change. You're one redundant guy. Better try and grow MPEx, slap a decent interface, upgrade the one from the 90s it now has, go do some work on that betting site of yours. So many things you could do. Trashing competition isn't most productive use of your time.

[sporket]

there was a chance to make a lot of money yesterday, actually.  buying at .00000001 and selling at .00014 is a significant profit.

It was less than 10k shares -- worth < 1.26BTC, < $550 at current prices.

@Luttinen:  I didn't steal your money.  Danny did.  Your anger is misdirected.

~Legion

[Sledge]

There was a news story about two people who allegedly gave NEO 20000 Euro and 15000 Euro in cash and filed a police complaint that they never received the bitcoins.

Now that doesn't make any sense. Since when do you walk into a building with 15000+ Euro in cash, hand it over to people, and walk out the building with NOTHING TO SHOW FOR IT. Not even a multi-sig private key or anything? Perhaps the newspaper reporter misunderstood and those two people were INVESTORS and handed over money for shares.

Truly sounds like bullshit to me.

[sporket]

...Now that doesn't make any sense. Since when do you walk into a building with 15000+ Euro in cash, hand it over to people, and walk out the building with NOTHING TO SHOW FOR IT. ...

Makes about as much sense as sending your coin to some guy on the intertubes.  With nothing to show for it.
People do strange shit, it be fact.

[JorgeStolfi]

...Now that doesn't make any sense. Since when do you walk into a building with 15000+ Euro in cash, hand it over to people, and walk out the building with NOTHING TO SHOW FOR IT. ...

Was it in person, with cash? Or by check, or bank transfer?

If cash, they must have got a paper receipt.  If by check or transfer, they can get the bank's records that show the deposit.

Either way, they can prove in court, if necessary, that they gave money to N&B.  Then it is N&B's burden to prove that they received bitcoins or something else in return.

Makes about as much sense as sending your coin to some guy on the intertubes.  With nothing to show for it.
People do strange shit, it be fact.

Wait, you mean that N&B bitcoin investors have no way to prove in a court of law that they gave their BTC to N&B?

[NotLambchop]

...

Makes about as much sense as sending your coin to some guy on the intertubes.  With nothing to show for it.
People do strange shit, it be fact.

Wait, you mean that N&B bitcoin investors have no way to prove in a court of law that they gave their BTC to N&B?

They didn't give their bitcoin to NeoBee.  Not the ones trading on Havelock, at least.
They gave their bitcoin to Havelock, an unlicenced Panamanian exchange.
Extra profit: Trading was halted [allegedly] per Neo's request, and later resumed [presumably] without Neo's authorization, under the new ticker symbol NEOBEEQ.  The question that comes to mind:  what, exactly, is being traded here?

P.S:  I'm sure the people who gave Danny their fiat can prove it, the "nothing to show for it " assertion was made by Sledge.  I'm certain they got some sort of receipt.  Not everything in life depends on the blockchain for recordkeeping.

[mmeijeri]

They gave their bitcoin to Havelock, an unlicenced Panamanian exchange.

Unlicensed under US law you mean? I thought they did have a Panamanian license.

[NotLambchop]

They gave their bitcoin to Havelock, an unlicenced Panamanian exchange.

Unlicensed under US law you mean? I thought they did have a Panamanian license.

They are a registered Panamanian company, not a licenced exchange.  There are two exchanges licenced in Panama, Havelock is not one of them.

[velacreations]

They didn't give their bitcoin to NeoBee.  Not the ones trading on Havelock, at least.

  I think they sold a few million on the LMB site.

[NotLambchop]

^Yep.  I think the pitch was "to eliminate [Havelock] third party risks."  Wonder what those (NEOBEE as opposed to NEOBEEQ) shares are worth.

[velacreations]

Wonder what those (NEOBEE as opposed to NEOBEEQ) shares are worth.

nothing, since you can't trade them or move them to an exchange.

TAT was the only one that was moving shares between platforms, and he ran off. 

[Luttinen]

Wonder what those (NEOBEE as opposed to NEOBEEQ) shares are worth.

nothing, since you can't trade them or move them to an exchange.

TAT was the only one that was moving shares between platforms, and he ran off. 

Of course you can https://www.havelockinvestments.com/order.php?symbol=NEOBEEQ

[JorgeStolfi]

^Yep.  I think the pitch was "to eliminate [Havelock] third party risks."  Wonder what those (NEOBEE as opposed to NEOBEEQ) shares are worth.

According to an earlier post, it is customary on real stock exchanges to append a "Q" to the symbol, as a warning to traders, when the company is involved in bankruptcy proceedings.  Havelock apparently is imitating them.

However, N&B has not yet officially filed for bankruptcy, has it?   

[NotLambchop]

Wonder what those (NEOBEE as opposed to NEOBEEQ) shares are worth.

nothing, since you can't trade them or move them to an exchange.

TAT was the only one that was moving shares between platforms, and he ran off.  

Of course you can https://www.havelockinvestments.com/order.php?symbol=NEOBEEQ

How would one go about transferring the shares from the LMB site to Havelock?

@JorgeStolfi:  Not that I know of.  You're right about the "Q" though.  Since the shares represent NeoBee profits and not equity, it's hard to say what they would represent if NeoBee files for bankruptcy.

[velacreations]

Of course you can https://www.havelockinvestments.com/order.php?symbol=NEOBEEQ

No you can't.  Those are not shares from LMB, those are shares on Havelock.

[Luttinen]

^Yep.  I think the pitch was "to eliminate [Havelock] third party risks."  Wonder what those (NEOBEE as opposed to NEOBEEQ) shares are worth.

According to an earlier post, it is customary on real stock exchanges to append a "Q" to the symbol, as a warning to traders, when the company is involved in bankruptcy proceedings.  Havelock apparently is imitating them.

However, N&B has not yet officially filed for bankruptcy, has it?    

No, they haven't. Last word from the CEO mentioned that a 3rd party agency is looking for a buyer.

The whole process will be completed and handled through an agency that specializes in these matters, once the final details are completed, the agency details will be made available to interested parties who wish to purchase 100% of my equity in LMB Subsidiaries Ltd thus taking full control of all subsidiaries. I shall also be providing the new owner full rights over the Bitcoin debts currently owed by BitFunder/WeExchange as I know people are working on a solution to recovering those debts for everyone that has funds stuck there. This process will also write off all directors loans I have made to the company and I shall not receive any financial compensation through this sale process.

My biggest mistake was using BitFunder/WeExchange during the initial stages of fund raising, had I not had to cover those losses my pockets would have been deep enough to cover all creditors and OPEX for the foreseeable future allowing the company to achieve a positive cash flow during that period, the choice was one made by myself and for that I am responsible for that decision. I am working towards having this entire process completed within a short period of time to enable the business to recover, to ensure that those invested do not lose out following this process.

https://bitcointalk.org/index.php?topic=289730.msg6030319#msg6030319

[velacreations]

they don't have enough money to file for bankruptcy

[NotLambchop]

...The whole process will be completed and handled through an agency that specializes in these matters ...

[JorgeStolfi]

No, they haven't [ filed for bankruptcy ]. Last word from the CEO mentioned that a 3rd party agency is looking for a buyer.

[ ... ] details will be made available to interested parties who wish to purchase 100% of my equity in LMB Subsidiaries Ltd thus taking full control of all subsidiaries. [ ... ] I am working towards having this entire process completed within a short period of time to enable the business to recover, to ensure that those invested do not lose out following this process[/b].

https://bitcointalk.org/index.php?topic=289730.msg6030319#msg6030319

Yes, that is what Mark Karpelès tried to do before finally filing for bankruptcy.  And many MtGOX clients kept hoping that some "angel whale" would buy the company and honor its debts.  But no sane person will buy a company in that situation.