Apparently not, read Smiguel's comment above. and what is that? AM is transforming into a pool or what?  |
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I vote for the free market deciding.
I get and like your standpoint, but selling an IPO at IPO price is the tiny bit of regulation an IPO is for. All free market as soon as 7 million shares are sold for the initial offering. +1 +2 I'm really interested in how burnside will decide. I think release 3.5mil for the Americans and the rest at a more convenient time for the Europeans might be a good idea. EDIT: Capping the price at the IPO and how can you be sure, that no american investors can buy shares when they are being sold for the europeans? |
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total bid volume is skyrocketing. looks like somebody did not care about the timestamp post
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Here is what I'd do in your situation:
1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.
Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.
Would (3) imply that I would pay more per share than 0.001? no, it means that you get only a specific % of your bid volume, and all of those shares will be sold for you @0.001  |
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go away for a day or two, come back to a tornado of up and down pricing. i missed all the fun lol  It looks like a trading bot is constantly making everything appear red. When a stock goes up, it automatically sells a couple shares at a lower point.  or everyone is dumping because of the Labcoin IPO |
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I vote for the free market deciding.
I get and like your standpoint, but selling an IPO at IPO price is the tiny bit of regulation an IPO is for. All free market as soon as 7 million shares are sold for the initial offering. +1 |
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Higher bid should be filled first, this maybe not perfect, but its efficiency was approved by real stock market in real life. Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so. I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes. timestamps. timestamps everywhere. only accounts registered before the time the "Do not move your bids" post was made should get shares. If this would be the final plan. That means the IPO actually began few hours ago and ended when "Do not move your bids". And there wasn't any announcement about this. I know there must be people are having there coins on the way. Guess how many angry investors will dump bad words here? [/quote] either way there will be angry investors dumping bad words over here. |
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Could you please provide some information on the estimated time frame of things? I feel this is very essential to establishing the potential of Labcoin. If your chip is indeed set to being completed Q4, this is around the same time ACTM releases it's 28nm chips (which are vastly superior), and thus making this venture a lot less attractive. TIME FRAME:Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)? I am leaving a lot of this up to the development and management team to answer. I can however say that we are planning on first-run 'instantly' after IPO is closed and chip production immediately after. We are aware of ACTM's plans for 28 nm and even if they hit target plans (based on the available information on their chip pricing etc) we believe we will be more than competitive due to the vastly cheaper chip production we can offer. Save $5 making a chip - spend $500 on extra power consumption over the following year. Good plan boss. nobody forces you to invest in this asset. They made the decision to go 130nm, end of the line. You can now decide to invest, or not to invest. |
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Update: I will wait until Ethan Burnside can weight in and to not further speculation I will not be commenting on action plan or IPO release until a time when I have talked to Burnside. This should happen soon. I hope everyone understands.
+1 |
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I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things...  Here is what I'd do in your situation: 1) Reset all bids > 0.001 to 0.001 2) Set a cap on the number of shares each person can get 3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed. Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted. Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself. Higher bid should be filled first, this maybe not perfect, but its efficiency was approved by real stock market in real life. Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so. I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes. timestamps. timestamps everywhere. only accounts registered before the time the "Do not move your bids" post was made should get shares. |
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Just do the normal IPO, highest bids first.
Then the IPO fund will exceed to 7000 btc, return the extra as dividend.
This. To be honest, I'm a little concerned about a company that doesn't know what to do with extra money. Is there no place the extra funds could be put to work? This is not our concern. The concern is 100% to ensure that the IPO is fair. Simply releasing the asset unannounced at this point could leave several investors feeling exceptionally mishandled paying far above IPO price for their shares. And even though I realize that it is 'market pricing' and no one is forcing anyone to bid over IPO price I am not willing to make this decision myself at this point. People who are bidding have made this decision for you.... they want to pay more... wheres the discussion to be had? Just give 24 hours notice and be done with it already. the goal of an IPO is to raise a specific amount of BTC AND provide the opportunity of those interested in investing to buy shares AT IPO price, not above. |
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I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things... Here is what I'd do in your situation: 1) Reset all bids > 0.001 to 0.001 2) Set a cap on the number of shares each person can get 3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed. Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted. Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself. but because of these kind of options, the asset should be locked ASAP to prevent future bids, as those would lower the % of shares each of the bidders will get Unfortunately I cannot lock the asset as an issuer, since this automatically removes all bids. Waiting for Ethan Burnside's input. then maybe this should be done with also taking timestamps into consideration |
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Here is what I'd do in your situation:
1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.
Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.
Do it! I like this solution too. IPO should stay at the planned IPO price, whatever the demand pre IPO is. +1 |
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Here is what I'd do in your situation:
1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.
Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.
Do it! Whats stopping people then asking for 200% the shares they actually wanted.... not a solution... it IS a solution IF it is executed WITHOUT ANY previous announcement, because that way nobody can multiply their bid volumes after the announcement. |
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I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things... Here is what I'd do in your situation: 1) Reset all bids > 0.001 to 0.001 2) Set a cap on the number of shares each person can get 3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed. Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted. Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself. but because of these kind of options, the asset should be locked ASAP to prevent future bids, as those would lower the % of shares each of the bidders will get |
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I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things... Here is what I'd do in your situation: 1) Reset all bids > 0.001 to 0.001 2) Set a cap on the number of shares each person can get 3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed. Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted. +1, I support. and this should be done with locking the asset before, then announcing this, and executing it. everybody gets their shares according to their bid volumes |
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I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things... Here is what I'd do in your situation: 1) Reset all bids > 0.001 to 0.001 2) Set a cap on the number of shares each person can get 3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed. Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted. +1, I support. |
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This IPO is a clusterfuck.
If, as you have said, you're not interested in this stock, then get the fuck out of here. No reason to sit around and criticize. +1 |
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outstanding: 300000/10000000 +1, what is that? Those are the 300000 private shares and I assume they were transfered internally. then it should be 3M not 300k according to the contract, or am I wrong? Correct, but to avoid possible 'fat fingering' of any transfer we are transferring the 3 million shares not available for sale in the IPO in batches instead of as a single lump transfer. NO shares are sold privately during or before the IPO!+1, thank you for the explanation |
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