Ukyo.Loan thread: https://bitcointalk.org/index.php?topic=258612.0
Graet.Loan thread: https://bitcointalk.org/index.php?topic=218324.40

Ukyo: https://bitcointalk.org/index.php?action=profile;u=35121
Graet: https://bitcointalk.org/index.php?action=profile;u=17548

TradeFortress,

Some people who have put great trust in you have raised concerns, please could you take some time to respond.

Most of us have been pretty supportive through the months long losses in share value, and since the asset freeze, but your recent silence is worrying. While the stocks are in turmoil and the Bitfunder clock is ticking, BTCInvest's scheduled update is 3 days late without a word and your last post here was 2 weeks ago.

We can see you're still around, responding to customers of Inputs.io and Coinlenders, but the fate of BTCInvest must worry those customers too. For anyone thinking of investing in you in the future, the single most important thing they should pay attention to is how you steer BTCInvest through this difficult time. The greatest indicator of how much confidence you can have in trusting someone with bitcoins isn't how they act when all is well, but how they respond when things go wrong.

I haven't spoken to the sources directly, but apparently it's the professional opinion of a UK accountant...

http://www.reddit.com/r/Bitcoin/comments/1h8m2a/my_accountant_on_capital_gains_in_the_uk_on/

...and HMRC themselves...

https://bitcointalk.org/index.php?topic=143425.msg1827881#msg1827881

that it is capital gains and not income tax.

Anyone: what's an "Inputs Bitcoin address"? The only mention of this term coming up in google is the above post. Thanks.

Hi TF,

What's the progress in exploring possible actions?

Also, what was the reason given for the asset freeze, and was there any advance warning? I just ask the last part because BTCInvest was already gone from your signature before everything happened. I was distressed by this at the time for obvious reasons, but it was clearly the right thing to do if it was shortly to cease trading.

Thanks.


I hope so! Most shares were bought for far more than 0.1.

This is directed at Ukyo but he's rather busy, so till he can reply answers are welcome from anyone else who knows, such as affected issuers.

On 8th October, when the restrictions on U.S. users was revealed, some assets were also frozen on BitFunder. I'm asking about BTCInvest, but NastyFans was frozen too, possibly others.

Why so early and without warning? The nearest I can find to an explanation is this part of the notice from 8th October:


What were these new requirements?

Why was it necessary to freeze the assets immediately, without any direct warning to the shareholders?

How much warning did the issuers get about these new requirements before their assets were frozen?

Thanks for your help.

Indeed, and potentially not just for Labcoin.

Maybe we should wait until it's confirmed as a scam before giving them an excuse to quit?

+1.

It's called fraud. Intentional deception made for personal gain.

This is fantasy.

There will still be lots of other shareholders. Ukyo and Burnside say they haven't sold. There also will be lots of people who don't pay attention to the news on a day to day basis, or just can't bring themselves to sell at this point just in case. People in the Labcoin IRC have been cursing Labcoin's name while still talking about holding shares they can't bring themselves to give up on at this price.

Serious question: is there any evidence that Sam is a real person?

'Sam' said they only had about half of the IPO funds left.

For those who want to catch up:

http://irc.radiumsoup.com/freenode/labcoin/logs/#home

http://www.reddit.com/search?q=labcoin&sort=new

Any comment on the email responses from Howard Wang that were posted to IRC and reddit in the last few days?

Are they genuine?

You certain?

https://bitcointalk.org/index.php?topic=304208.0

Why wouldn't Burnside keep a copy of the asset list? At the very least until October 31st, when btc-tc actually closes (as oppose to stops secondary trading).

Here's the Q&A: http://pastebin.com/RSa1JPvM

"these guys are overly suspicious, rightly so."

 

People are sending their shares back in protest.