Post
Topic
Board Securities
Re: [IPVO] [Multiple Exchanges] Neo & Bee - LMB Holdings
by
talktopab
on 24/01/2014, 00:49:06 UTC
The only shares for sale that have proceeds go directly to Neo, are the ones available at lmb-holdings.com. None of the shares trading on Havelock are being sold by Neo, they are all private shareholders trading on the open market.

I read it again. So when we were buying shares on Havelock via 1st IPVO offering(it was no direct shares offering back then), we were actually buying "TAT NEOBEE PT Shares" which were paid by you before AND are registered as direct shares of LMB Holdings to TATi's official name? Or what is the legal status of shares we're holding? How your accountant firm will be able to legally pay dividends in BTC for anonymous investors? Just curious, how company handle this.

Well, that is the whole thing about bitcoin, anonymity. As long as Neo is transparent with accounting (I trust them so I see no problem on this), the proportional dividends are received via your public address. I do not see any legal implementation needed. All the records are in the blockchain.

Well, the whole thing about being outside of the law is the shit can hit the fan any time.  That's partially why some prefer to be on the right side of it.

My point is that bitcoin nature does not need to comply in terms of holding shares of a company and receiving dividends. This is a internal company matter and in a bitcoin company the difference is that you do not need a bank account to receive dividends or buy/sell shares. You are questioning the bitcoin concept rather than how Neo is managing shares and dividends. Other different thing is how the company operations comply with existent law. This for sure needs full compliance.