Post
Topic
Board Securities
Re: [IPVO] [Multiple Exchanges] Neo & Bee - The Bitcoin Bank (Cyprus) - LMB Holdings
by
UnconfirmedTransaction
on 17/09/2013, 02:27:38 UTC
What is the reason for having to buy Xbonds at .0012 just so you can buy IPVO shares at .0025? Wouldn't this cost more than the .003 for the IPO shares?
.0012 + .0025 =  .0037
Am I missing something?

1) Buy 1000 XBOND shares at 0.0012 = 1.2 BTC
2) Exchange 1000 XBOND shares (valued at 0.001 each) for 400 NEOBEE shares (valued at 0.0025 each)

You are paying 1.2 BTC for 1 BTC worth of XBOND shares and thus 1 BTC worth of NEOBEE shares, which is 400 @ 0.0025.  Valuing these 400 shares @ 0.003 = 1.2BTC which equals your original investment