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921  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:16:21 AM
I disagree.  He is obviously avoiding the use of the word "ownership" because that is not what it is.

It does not matter, read he's wording above he wrote owners. He implied that owning 60% of shares in profits is having 60% ownership. Anyway good luck, I'm done go read the 10 pages that you started.

For anyone who has a high amount invested in here, I would save this whole thread on your harddrive and save LabCoins BTCT page, for representations made by LabCoin.
922  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:14:08 AM
find one other.  you can't.

Another company, Active Mining:

Currently, it is expected for interested ActiveMining's public investors to hold 10,000,000 ActiveMining shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 ActiveMining shares (60% of the profits), for a total of 25,000,000 ActiveMining virtual shares that represent 100% of the global profits of ActiveMining.

Not that hard to find



a share of profits does not mean a share of ownership.  I am very familiar with activemining as I am a large shareholder.  Ken has actually came right out and said that shares in his company to not represent ownership.  I could find the post for you but it's too much work.  
Share in profits does not mean share in ownership.

He can say whatever he wants, the way he worded it makes it share of ownership.

If ActiveMining has a total of 25,000,000 total shares, and the Active Mining Corporation owners hold 15,000,000 and they are considered keyword here OWNERS if you hold the same type of shares they do, guess what you are an owner also.

In the example above they own 60% and the others own 40% which totals 100% of the ownership of ActiveMining.
The wording is being represented as ownership.
923  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:09:45 AM
It's common sense. If a company is made up of stock virtual or real, and they are offering a piece of that stock you are a virtual or real owner of the company. It's not rocket science.

Now that we have wasted 10 pages to achieve this amazing enlightened breakthrough, I'm going to go ponder the deeps of life, after what has occurred on this thread.
924  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:08:14 AM
find one other.  you can't.

Another company, Active Mining:

Currently, it is expected for interested ActiveMining's public investors to hold 10,000,000 ActiveMining shares (40% of the profits), while Active Mining Corporation owner(s) shall hold 15,000,000 ActiveMining shares (60% of the profits), for a total of 25,000,000 ActiveMining virtual shares that represent 100% of the global profits of ActiveMining.

Not that hard to find

925  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:05:01 AM
find one other.  you can't.

LMFAO the trolling on you is hard. Find another what about LabCoin or another company?
926  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:02:47 AM
Please show me ONE Bitcoin security contract that states a share represents ownership.

- Regularly communicate the project financials to share holders in a way that lets share holders evaluate the performance, capital outlay and future of the project.

- Pay regular dividends amounting to a percentual share of ownership in the company on a bi-weekly basis. The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip.

God your to fucking dumb it's not even funny,

This right here you useless space of molecules verifies that share holders are owners, it admits that owning shares ties into ownership: "ALL share holders have the right to an equal share of dividends directly based on their ownerhsip. "

Not to mention that the founders own the same shares we do and they are considered owners. The fact that being a shareholder is represented as being an actual owner in the company, these are all representations made for the contract.

If you can't see that like i said please stop wasting molecular space.

What are you quoting this from???

Are you fucking serious?? lmfao, this will make me never even consider any word that ever spews out of your mouth. You have been wrong before, I just thought maybe you missed over a few things but to not even look at the companies offering page is just hilarious.

https://btct.co/security/LABCOIN click under details.
927  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 03:01:29 AM
a contract is a contract period. as long as the contract was legal to begin with (which it was) it's universally enforceable.
argghhdasfjhsdofdshfshfkdlsfhsl

contract that equates to full revenue share is the same thing as a straight up equity (minus the legal registration requirements that equity requires) it's a contract that's fully enforceable. you guys need to find different topic to clog up the next few pages with

clearly it's not to the geniuses such as physalis and eruptor who post dribble nonsense, and always argue with people because they feel entitled, and clog up the thread with countless pages.

I'm glad at least one person isn't brain dead and understands the simple legalities of a contract.

It's funny how spot on this sentence describes you JB..  I wish a moderator could demote your positing privileges to https://bitcointalk.org/index.php?board=39.0

If you think knowing your rights when investing in something is useless and dribble, good luck in life dumbass lol
928  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:59:09 AM
Please show me ONE Bitcoin security contract that states a share represents ownership.

- Regularly communicate the project financials to share holders in a way that lets share holders evaluate the performance, capital outlay and future of the project.

- Pay regular dividends amounting to a percentual share of ownership in the company on a bi-weekly basis. The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownerhsip.

God your to fucking dumb it's not even funny,

This right here you useless space of molecules verifies that share holders are owners, it admits that owning shares ties into ownership: "ALL share holders have the right to an equal share of dividends directly based on their ownerhsip. "

Not to mention that the founders own the same shares we do and they are considered owners. The fact that being a shareholder is represented as being an actual owner in the company, these are all representations made for the contract.

If you can't see that like i said please stop wasting molecular space.
929  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:42:56 AM
a contract is a contract period. as long as the contract was legal to begin with (which it was) it's universally enforceable.
argghhdasfjhsdofdshfshfkdlsfhsl

contract that equates to full revenue share is the same thing as a straight up equity (minus the legal registration requirements that equity requires) it's a contract that's fully enforceable. you guys need to find different topic to clog up the next few pages with

clearly it's not to the geniuses such as physalis and eruptor who post dribble nonsense, and always argue with people because they feel entitled, and clog up the thread with countless pages.

I'm glad at least one person isn't brain dead and understands the simple legalities of a contract.
930  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:39:50 AM
End of the day If I say John, I will give you 5% of profits from my operations paid in Virtual Currency, if you invest x amount of money.

That is not the same as owning the company!

Nobody said you don't have any legal claims, or that you don't have a contract with them. But you don't own their company, because these are not regular stock exchange shares!

For fucks sake, really. I'm putting you back on my ignore list, you're pissing me off.

Yes get mad, when children lose they get mad, according the the SEC yes you do have ownership as the virtual offering is considered a security.

Only issue is you might not have ownership according to Hong Kong where the company is established and therefore have to rely on another country to protect your legal ownership rights.

Secondly, when the company itself writes about ownership, it therefore becomes ownership as they their language is representing it as such. Since the Owners own the same Virtual shares of the company that the other 70% own, therefor there is ownership. Given the fact that they declare their shares make them 30% owners of the company, and that the other 70% owned by the public are the same identical shares, we own 70% of the company.

"I believe we have decided that we will be selling a form of 'Board Seats'. A board seat share holder will be any share holder that owns 200.000 shares at any point. If the ownership falls below 200.000 shares the owner will no longer be considered a 'board seat' owner. "

"We place all available IPO shares on the market initially and retain a far lower percentage of ownership, we also have no plans of selling any secondary offering and will not dilute ownership with additional shares post IPO. Because of this, we do not feel that any dividend incentive is needed for investors."

"Important to remember is that the entire Labcoin team has a vested interest in the success of the company through their ownership and have every reason to maximize profitability and longevity of the company."

The End I've found my own answer again, as you and Volcanic again have proven to be completely useless and trolls.


But let's not act like this company is on NASDAQ. You don't even own a direct share.

Doesn't need to be on NASDAQ, it can be on myballz.com, it is still a legal binding agreement that is represented as such that the founders shares and the public's shares are the same, hence the public owns 70% of the company.

How do you know how many shares I own or don't own? Make wild speculations much?

Nobody is disputing that. But true ownership requires equity and a lot of official procedures. What I'm saying is that Labcoin will have to become platform agnostic like how Asicminer is and offer direct shares and then you'd have a point but even then it's not something which can be regulated by the SEC because Labcoin is not an American company.

It does not need to be regulated by the SEC! it's regulated by universal contract law which almost every country in the world recognizes. You have virtual ownership, in this virtual company, and you will get paid out profits in virtual currency.

If I say Lucky, I have an imaginary virtual company, and it has 10,000,000 shares. I will give you 7,000,000 shares for x amount of money. It does not matter that this is done person to person, on NasDAQ, on BtCT, or anywhere else. It does not matter that it's a virtual company, a legal binding contract has been formed, and you are required by law to honor your end of the contract, even that it's virtual.

You have ownership through the legal contract that was established.

I never said it wasn't a legally binding contract. I said it's not equity.

Anyway have a look at this relevant article which specifically mentions Labcoin and asks some of the same questions you did.

http://www.bloomberg.com/news/2013-08-20/bitcoin-spawns-china-virtual-ipos-as-u-s-scrutiny-grows.html

You do have virtual equity in the virtual company, because that is what you agreed upon. In the contract you agreed upon virtual equity therefore you have it. How is this so hard to understand?
931  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:35:14 AM
End of the day If I say John, I will give you 5% of profits from my operations paid in Virtual Currency, if you invest x amount of money.

That is not the same as owning the company!

Nobody said you don't have any legal claims, or that you don't have a contract with them. But you don't own their company, because these are not regular stock exchange shares!

For fucks sake, really. I'm putting you back on my ignore list, you're pissing me off.

Yes get mad, when children lose they get mad, according the the SEC yes you do have ownership as the virtual offering is considered a security.

Only issue is you might not have ownership according to Hong Kong where the company is established and therefore have to rely on another country to protect your legal ownership rights.

Secondly, when the company itself writes about ownership, it therefore becomes ownership as they their language is representing it as such. Since the Owners own the same Virtual shares of the company that the other 70% own, therefor there is ownership. Given the fact that they declare their shares make them 30% owners of the company, and that the other 70% owned by the public are the same identical shares, we own 70% of the company.

"I believe we have decided that we will be selling a form of 'Board Seats'. A board seat share holder will be any share holder that owns 200.000 shares at any point. If the ownership falls below 200.000 shares the owner will no longer be considered a 'board seat' owner. "

"We place all available IPO shares on the market initially and retain a far lower percentage of ownership, we also have no plans of selling any secondary offering and will not dilute ownership with additional shares post IPO. Because of this, we do not feel that any dividend incentive is needed for investors."

"Important to remember is that the entire Labcoin team has a vested interest in the success of the company through their ownership and have every reason to maximize profitability and longevity of the company."

The End I've found my own answer again, as you and Volcanic again have proven to be completely useless and trolls.


But let's not act like this company is on NASDAQ. You don't even own a direct share.

Doesn't need to be on NASDAQ, it can be on myballz.com, it is still a legal binding agreement that is represented as such that the founders shares and the public's shares are the same, hence the public owns 70% of the company.

How do you know how many shares I own or don't own? Make wild speculations much?

Nobody is disputing that. But true ownership requires equity and a lot of official procedures. What I'm saying is that Labcoin will have to become platform agnostic like how Asicminer is and offer direct shares and then you'd have a point but even then it's not something which can be regulated by the SEC because Labcoin is not an American company.

It does not need to be regulated by the SEC! it's regulated by universal contract law which almost every country in the world recognizes. You have virtual ownership, in this virtual company, and you will get paid out profits in virtual currency.

If I say Lucky, I have an imaginary virtual company, and it has 10,000,000 shares. I will give you 7,000,000 shares for x amount of money. It does not matter that this is done person to person, on NasDAQ, on BtCT, or anywhere else. It does not matter that it's a virtual company, a legal binding contract has been formed, and you are required by law to honor your end of the contract, even that it's virtual.

You have ownership through the legal contract that was established.
932  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:28:37 AM
What relevance does that have? Anyone who judges people based on their wealth is a complete and utter arsehole. Sadly, that applies to far too many people on these forums.

Net worth has relevance in the investing world considering it shows that they have a proven track record of good decision making, maybe its sad to you but to me a lot of my peers consider net worth something that matters

It proves nothing. Some people are just born into wealth and the more money you have the easier it is to make more money, as I've directly experienced over the past couple of months

I'd like to get a bunch of people like you and give them a small amount to trade with and see how well they do compared to some homeless person with the same amount. If the homeless person made more profit than the rich snobs would you then hold their opinion higher than the snobs opinion?

Of course he would, he is talking about it in the constructs of trading.

If homeless person was a better trader, I would hold him in higher opinion, even though his networth might be low, but given time his networth will grow. High networth means that these people invested properly, and given enough time the homeless man will achieve a high networth also.
933  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:26:53 AM
Social darwinism.

Sure... there is reason why the public blindly follow people like Carl Icahn and Warren Buffet, considering that they are worth billions of dollars probably has nothing to do with that right? right??

AJK go and watch TV like you planned on doing, release your mind from these idiots, who can't even grasp simple concepts. Going to go also, my IQ always drops on this forum from the responses on here.
934  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:25:35 AM
End of the day If I say John, I will give you 5% of profits from my operations paid in Virtual Currency, if you invest x amount of money.

That is not the same as owning the company!

Nobody said you don't have any legal claims, or that you don't have a contract with them. But you don't own their company, because these are not regular stock exchange shares!

For fucks sake, really. I'm putting you back on my ignore list, you're pissing me off.

Yes get mad, when children lose they get mad, according the the SEC yes you do have ownership as the virtual offering is considered a security.

Only issue is you might not have ownership according to Hong Kong where the company is established and therefore have to rely on another country to protect your legal ownership rights.

Secondly, when the company itself writes about ownership, it therefore becomes ownership as they their language is representing it as such. Since the Owners own the same Virtual shares of the company that the other 70% own, therefor there is ownership. Given the fact that they declare their shares make them 30% owners of the company, and that the other 70% owned by the public are the same identical shares, we own 70% of the company.

"I believe we have decided that we will be selling a form of 'Board Seats'. A board seat share holder will be any share holder that owns 200.000 shares at any point. If the ownership falls below 200.000 shares the owner will no longer be considered a 'board seat' owner. "

"We place all available IPO shares on the market initially and retain a far lower percentage of ownership, we also have no plans of selling any secondary offering and will not dilute ownership with additional shares post IPO. Because of this, we do not feel that any dividend incentive is needed for investors."

"Important to remember is that the entire Labcoin team has a vested interest in the success of the company through their ownership and have every reason to maximize profitability and longevity of the company."

The End I've found my own answer again, as you and Volcanic again have proven to be completely useless and trolls.


But let's not act like this company is on NASDAQ. You don't even own a direct share.

Doesn't need to be on NASDAQ, it can be on myballz.com, it is still a legal binding agreement that is represented as such that the founders shares and the public's shares are the same, hence the public owns 70% of the company.

How do you know how many shares I own or don't own? Make wild speculations much?
935  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:21:32 AM
End of the day If I say John, I will give you 5% of profits from my operations paid in Virtual Currency, if you invest x amount of money.

That is not the same as owning the company!

Nobody said you don't have any legal claims, or that you don't have a contract with them. But you don't own their company, because these are not regular stock exchange shares!

For fucks sake, really. I'm putting you back on my ignore list, you're pissing me off.

Yes get mad, when children lose they get mad, according the the SEC yes you do have ownership as the virtual offering is considered a security.

Only issue is you might not have ownership according to Hong Kong where the company is established and therefore have to rely on another country to protect your legal ownership rights. You still end up having ownership through the agreement and wording of the contract, which again becomes a legal contract.

Secondly, when the company itself writes about ownership, it therefore becomes ownership as they their language is representing it as such. Since the Owners own the same Virtual shares of the company that the other 70% own, therefor there is ownership. Given the fact that they declare their shares make them 30% owners of the company, and that the other 70% owned by the public are the same identical shares, we own 70% of the company.

"I believe we have decided that we will be selling a form of 'Board Seats'. A board seat share holder will be any share holder that owns 200.000 shares at any point. If the ownership falls below 200.000 shares the owner will no longer be considered a 'board seat' owner. "

"We place all available IPO shares on the market initially and retain a far lower percentage of ownership, we also have no plans of selling any secondary offering and will not dilute ownership with additional shares post IPO. Because of this, we do not feel that any dividend incentive is needed for investors."

"Important to remember is that the entire Labcoin team has a vested interest in the success of the company through their ownership and have every reason to maximize profitability and longevity of the company."

The End I've found my own answer again, as you and Volcanic again have proven to be completely useless and trolls.
936  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:05:00 AM
End of the day If I say John, I will give you 5% of profits from my operations paid in Virtual Currency, if you invest x amount of money. Even though it's virtual you can go to court and sue for your promised virtual goods, since you have made a binding contract.

But NAW yo, cause I'm superior than governments, and even though they say otherwise I say NAW
937  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 02:02:21 AM
This kid isn't going to make it far..
I tried.

What has JB said that was incorrect because most of what I read was pretty dead on,

this also coming from the same person who said that Asicminer was done? it seems you are arguing for the sake of arguing and you are only embarrassing yourself by replying regardless of whether it is called a "game" 70% of the company was sold to the public hence that is what we own of the company,

it is extremely disheartening to read your posts considering that all you seem to do is talk down to people who are probably better off than you,

No, nothing what this tool says is dead on. It shows the kind of dangerous half-knowledge that gets you killed in this market. Wild unbased speculations paired with immature ramblings.

VE is the one who is dead on. And he never said that "Asicminer was done".
He advised people to sell AM now and get into this stock, which is the same thing I'd advise.
AM is not going to die, but it has seen its peak. If you want to make huge returns, you undertake a risk and invest in the competitor to AM that bitcoin desperately needs.

And VE is also completely correct to state that this is all virtual, you don't own shit. Not 1% of the company, not 70%. Nada.

Yes Physalis, you are right, and the American Judicial system that said the above is wrong. I guess you can come to america and say "This is all virtual" lmao
938  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 01:56:40 AM
This kid isn't going to make it far..
I tried.

What has JB said that was incorrect because most of what I read was pretty dead on,

this also coming from the same person who said that Asicminer was done? it seems you are arguing for the sake of arguing and you are only embarrassing yourself by replying regardless of whether it is called a "game" 70% of the company was sold to the public hence that is what we own of the company,

it is extremely disheartening to read your posts considering that all you seem to do is talk down to people who are probably better off than you,

These are actual legal cases going on now, while these trolls reply with no because I said, that's usually the first sign of mental retardation.

You are right every since I came here and posted actual concerns, they respond with an elitist sense of entitlement, it's ok though arrogance doesn't usually get people very far.
939  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 01:54:00 AM
This kid isn't going to make it far..
I tried.

It's just absolutely hopeless.

Nah your just fucking completely dumb. blahblahblah I'm a fucking retard.

You should really stop talking here, and just fucking lurk moar.
If you listen enough to the adults, maybe you'll figure a few things out.

Nah you're clearly fucking morons, im posting actual legal cases while you guys just say naw cause I said so, fucking idiot trolls. Adults post actual arguments backed up by facts, kids say NAW cause.
940  Economy / Securities / Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) on: August 21, 2013, 01:53:21 AM
This kid isn't going to make it far..
I tried.


Nah your just fucking completely dumb. When your virtual fake money goes and gets used for real business, and real assets, it leaves the realm of "virtual keiser stock exchange".

There are legalities no matter what your half retarded brain says, the only problem is there is probably no regulation in Hong Kong.





At some point you will be right and the game could eventually be regulated. It's still an alternate reality game by definition. An alternate reality game can have real world benefits, just like any serious game. The serious games movement is what you shoudl research before posting further.

As far as trying to legally define it, that is impossible right now. There is no legal definition but it certainly isn't a stock in the traditional sense. You do not have voter rights. You do not necessarily get equity either. It's more a profit sharing virtual stock ticket. Labcoin is agreeing to share it's profits.


Agreeing to pay you dividends on profits for x amount of ownership you own, is a legal binding contract.
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