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.
[blockquote style=”2″]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 information we have made the decision to no longer list the NEOBEEQ Fund. If any additional information is provided to us we will make it public.[/blockquote]
The lack of silence comes following a long ordeal involving NEO & BEE’s head honcho Danny Brewster. Having gone missing from the island of Cyprus, Brewster first took to the BitcoinTalk.org forum and later Reddit.com to clear his name and refute allegations that he ran with investor/customer money.
In his lengthy postings, Brewster explained he was out-of-country looking to find investors — a sign the company had run out of money. With lost communication and unpaid employees, the firm quickly dissolved into nothing more than an empty, swanky property in Nicosia.
Members of the company’s management came together to offer their side of the story on Reddit.com, effectively challenging most of Brewster’s explanation.
As one would come to expect, the NEO & BEE fund has essentially become worthless at this point in time, last priced at ฿0.00002010 — less than a penny.
According to Havelock, “Unit holders of this Fund will continue to be able to view the amount of units they own in their account. The Fund will be labeled as a Private Fund.”