So the 8,000,000 IPO shares are expected to be oversubscribed and will go for more than .003?
Even at the Xbond rate of.001 plus IPVO .0025 will be .0035
This still does not make any sense to me. Surely I could just place a bid for .0030001 and this would be below the Xbond and IPVO price but above the .003 IPO?
If the price goes above 0.003 this helps the XBOND holders, not hurt them. XBOND holders are guaranteed to pay 0.0025/share. Buying XBONDS at 0.0012 and exchanging for NEOBEE guarantees that at the worst you will break even (paying 0.003/share essentially).
Your bid of 0.0030001 is more than the price of 0.003 you would be paying if you bought XBOND's at 0.0012 and exchanged for NEOBEE