Post
Topic
Board Securities
Re: [IPVO] [Multiple Exchanges] Neo & Bee - The Bitcoin Bank (Cyprus) - LMB Holdings
by
astutiumRob
on 07/09/2013, 17:51:37 UTC
Announcing the upcoming public offering for LMB Holdings, which will take place in a coordinated release across multiple bitcoin securities exchanges. LMB Holdings seeks to raise capital to fund two complimentary new ventures: Neo and the Bee Payment Network.
Why have you registered the company in the UK when it's target market is Cyprus ?

What are the real reasons behind the 'virtual entity' nonsense when you could be selling the real shares in the real legal entity ?

Bee looks like it will never make a profit - so why are you bothering to setup something that is expected to lose a million EUR a year ?

Where in the prospectus have you accounted for the costs and deposit requirements of your banking licences ?


IMHO it's a good 1st draft, but still needs a *lot* of detail and work:
You rely on the BTC 'price' growing too much - there is neither an expectation or g'tee this will ever happen.
There are better options for AML/KYC than a 75k licence - SaaS services from IFS for example.