Quote from: ex-trader on November 01, 2013, 08:22:35 AM

Quote from: bittymitty on October 31, 2013, 09:19:31 PM

Where in the prospectus does it say NEOBEE will withhold the information about the business model? The customer has a choice in having a BTC or EUR denominated account. The customer is going to be offered a fixed interest rate on EUR denominated account so they will benefit from a BTC/EUR increase.

Go back and read the prospectus(hint:this is where the shareholders are informed of the business model).

Show me exactly in the prospectus where it says that retail customers will be told explicitly that their money will be invested in BTC, but that the majority of the upside is kept by Neo, but in the event of BTC falling that Neo will be unable to pay them back.

Customers are not stupid and they'll work this out over time as Neo keep 'adjusting' how many Bitcoins they own via a nonsensical 'peg'......

Our marketing explicitly states that when a customer uses a branch or other point of exchange, they are exchanging their Euro for Bitcoin, we are educating the population on Bitcoin from the outset. I am still struggling to see the part where it becomes apparent that we are hiding this from the customer, we are merely allowing customers to use Bitcoin without any of the technical and security related hurdles. We will always be in a position to top up their wallets on a decrease in the rates of Bitcoin. Our local rate will be extremely close to the public market rate, whilst our reserves will be traded constantly and our additional income streams will add to our own reserves, our additional income will surpass the income derived through gains we achieve through the increased rate of Bitcoin, so any increase will become a bonus.

If the rate drops to $1 (Highly unlikely), we will buy every single Bitcoin available and use it all in Cyprus for our customers. If this decrease is due to a technical flaw, it will be resolved within hours as per the previous fork that occurred.

On a less repetitive note, I will be releasing the information and a further update later today, as promised in the previous update.