It's possible that Sam could be female. How would we know? Has anyone any proof one way or the other?

This is looking more and more like a scam. If it is then it's even more epic than pirateat40 with millions of dollars on the line. At least BTCGarden gave the coins back.

How much is 950 BTC in USD? Wasn't he shopping for a rolex and a car right after the IPO?

I predict it will go below that. 0.001 or perhaps even lower. Labcoin is on life support.

Labcoin is clearly a pump and dump stock. How many times have we seen this?

What did I tell you? This is going back to IPO price and this time it's going to stay there.
Labcoin didn't pay the dividend either.

Let the sell offs begin.

And that is when I predict everyone will dump their shares.

In 15 minutes watch the price crash. If you want to buy then buy in at the IPO prices in 15 minutes.

How do you know what they care about? There is no proof of anything. It's basically the same proof you had when it was at IPO, plus some missed deadlines. So how is the price of shares so high?

If you want to hold then do so. Just don't encourage anyone to buy until after the dividends go out.

All they had to do to avoid all this is lock the shares. No one would be accusing them of being a scam and there wouldn't be wild swings in the share price if they locked the shares. They refused while trying to act like they would. Then they miss deadlines they set after promising to have evidence of hashing.

That is not communication and PR, that is incompetence. If they locked the shares and did not make any promise at all and just said sometime in September they'd be hashing, that would have been better. They went with specific dates and time.

Okay that is possible too. But all of these activities to decrease transparency is what fuels uncertainty, risk, and FUD. You have no way to prove either way because it's 50/50.

If the shares were locked we would know for certain. So why didn't they let Burnside lock the shares? What are they planning to do?

Do you know what their objective is?
Do they have any incentive to care about the stock price? How do you know they'll ever pay dividends if they don't pay it today? The probabilities of it being a scam begin to increase when you gather new bits of evidence and combine it all to form a picture.

A) Shares have been sold by the Labcoin development team and it's not locked.
B) The Labcoin team has been shown to use deception and dishonesty against the shareholders whether deliberately or not by making promises and not keeping them, and by putting up images that don't look real and claiming to be hashing without providing evidence.

Now we also know they haven't sold all their shares so that is on the plus side of the evidence. We also know they do have the money but are still communicating here, this is neutral evidence because we don't know their intentions.

If it's a complete scam they probably would just stop communicating and disappear. The longer the disappearance the more likely it would be to be a scam so if they claim they wont update until October then you gotta worry a lot. If they do frequent updates then you have less to worry about.

At this point we don't know what they are going to do. It could be a scam, or not. It's possible they are having difficulties with their deployment, that is a real possibility.  Whether people should buy, sell or hold should depend on which of these possibilities they think is most likely.

So you think it's most likely that they are a scam? Sell. You think it's more likely that they are having deployment issues? Hold. You think it's a scam but that they aren't going to dump until the price rises significantly? Hold.

Notice I don't recommend anyone buy?

What do they gain at this point telling anyone to buy shares? They got all the money they need. They don't get any extra money telling anyone to buy shares.

Isn't it suspect that they wouldn't allow their 30% shares to be locked? Is there any way to confirm that they aren't planning to pump and dump?

There's a lot of risk in this stock, apply Bayes' theorem.

Set it up where there are milestones. Set a list of priorities and fund development according to those priorities.

Adding a bunch of altcoins will just generate confusion though. Have Netcoin be the umbrella project which the subprojects are under and in my opinion let Netcoin be the only altcoin, unless you're talking about a testnet or simulation.

I think if you have enough funding its not hard to get developer interest. Its hard when you only have a blueprint because no one wants to be the developer to start the process.

It's probably a scam. Still if you got in at the IPO you could have got a decent profit. Anyone who got in later, you'll have to sell out at 0.003. Labcoin will not survive as a security if they don't send out dividends or post their address today.

No one knows for sure who Sam Noi is. No one knows for sure if Labcoin is mining. No one knows for sure if the chips work. No one knows anything for sure about Labcoin except Labcoin itself and they aren't talking. There are other IPOs happening, why put all your chips in this? Take your profit and run.

https://en.bitcoin.it/wiki/Pirateat40

Do you notice its the same 3-4 guys posting the same stuff to try to pump the stock? Do you also notice that it's only pumped up on btc.co? It's not pumped up anywhere else.

So that shows me it's artificial.

It pays quarterly dividends so you're not getting a lot of dividends out of it but if it works then it will be huge.

Trying to pump up the price above 0.03 so you can dump? A lot of people purchased at a high price and need to get it back up there to dump their shares because they know the time to get out is now.