Post
Topic
Board Securities
Re: [IPVO] [Multiple Exchanges] Neo & Bee - The Bitcoin Bank (Cyprus) - LMB Holdings
by
xchrisxsays
on 16/09/2013, 20:40:46 UTC
I got a feeling that this will turn out into a mess similar to the Labcoin IPO.
People were putting bids 30% higher than the IPO price just to make sure they get in. And that was happening before 10% IPO price bids were filled.

Seriously, it's kind of BS and just asking for trouble in a free market like Bitcoin securities. I get why TAT is doing it, because it incentivizes people to lock in shares pre-IPVO through X-BOND, i.e., guarantees more profits for his own company. I would probably do the same if I was in his shoes, since he is a rationally self-interested person. But Either your IPO is the price you say it is or it isn't. This is not an IPO at .003, this is an auction style IPO, the highest bidders get the shares. By honoring higher prices first that is exactly what they are making this, there is no two-ways about it.