Havelock Investments Halts Neo & Bee Fund Trading Due to "Abnormal Activity"
In an announcement posted on the Havelock Investments website, it would appear as if the trading of the Neo & Bee fund has been halted. Transfers have also been halted. Here's what the announcement read in full: Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal activity on the LMB share platform, there may be a high possibility of questionable trading activity. While Neo and Bee Ltd investigate the issue further they have strongly recommended that we halt....
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Trading of LMB Holdings bitcoin shares on the Havelock Investments exchange has been suspended "due to an increase of abnormal activity" - apparently at the request of the company itself. UK-based LMB Holdings is the parent company of Neo & Bee, a bitcoin company that offers bank-like services, and which recently opened its first premises in Cyprus. An update today on the company's Havelock page said: "Havelock Investments has been formally informed by the Pass-Through Fund Manager of NEOBEE that the compliance officer of Neo and Bee Ltd has stated that due to an increase of abnormal....
Neo & Bee - what was once a shining beacon in the distance is no longer, it seems. The boss has gone missing-in-action, the employees reportedly unpaid, and a swanky Nicosia branch closed. All of this follows last week's news last week that the Neo & Bee fund on Havelock Investments' platform would be halted for abnormal activity. Today, Havelock announced they would recommence the trading of the Neo & Bee fund at about 5:00 PM Eastern U. S. time, which at the time of this writing is just about in one hour. Statement in full (origin): On March 28, 2014 Havelock Investments halted trading....
Cyprus-based bitcoin savings and payment network Neo & Bee resumed trading on Havelock Investments today amid turmoil surrounding the company and its CEO. At 5PM EST on 4th April, buy and sell orders for Neo & Bee on the private bitcoin-only investment exchange platform resumed after six days of suspended trading. Neo & Bee saw high volume at the outset of resumed trade activity, with a plunge in prices from 0.002 BTC ($0.89) down to 0.0001 BTC ($0.05). Source: Havelock Investments. Questionable activity. On 28th March, Havelock halted trading of the NEOBEE fund on its site due to what was....
Neo & Bee CEO Danny Brewster is still missing in action. Meanwhile, the Cypriot police started an investigation after several clients filed complaints against the Bitcoin bank. NEOBEEQ Fund to Continue Trading At 5PM EST. Admist all this, Havelock Investments just released an email about the Neo & Bee fund listed on their exchange: On March 28, 2014 Havelock Investments halted trading of the NEOBEE Fund. Havelock Investments has yet to receive any formal information in regards to the questionable trading activity on the LMB share platform website. We have not received any formal....
The NEO & BEE fund listed on Havelock Investments is slated to receive the ax on Monday, May 5th. That's according to an news update posted on Havelock's website with regard to the fund, which has certainly lost its luster following the short-lived venture that was NEO & BEE. On Monday May 5th, 2014 at 12:00 EST the NEOBEEQ Fund will be delisted from Havelock Investments. We have provided ample time for anyone representing the NEO & BEE Ltd. Company to respond to our repeated requests to provide additional information for the status of the company. As we have not received any formal....