then labcoin will come with an announcement of an announcement to prop up prices
No announcement he could make will have any (positive) impact on share prices at this point. The only thing we need to see to make it worth buying back in would be
consistent mining payments to their address
that coincide with a few TH/s of hash power.
Anything else just isn't going to cut it given all the failed promises that didn't come through.
And that's ultimately the problem with this stock at this point. No credibility on anything they say. I think there is a chance that their tech might be OK soon, or that their 65nm chips might work. But because they can't be straightforward at all there's no way to know what the likelihood of that actually is. And because of
that, it's not going to affect the share price.
It could very well be a reasonable thing to buy back in once they
demonstrate some success. But until they
demonstrate something, it's just way to risky to hold this stock, other then maybe get a few shares as a pure gamble.
I did think this company has a chance, and from a technical point of view they still may.
But the operators just aren't trustworthy enough to trust with your money.
And the problem is, like I said - no credibility left with anyone. So even if they get their chips working no one is going to buy if they make an announcement or even get some btc deposited to their address
You overestimate the attention span & memory of the average bitcoin speculator. Also remember, each BTC of dividends from Labcoin is worth just as much as a BTC of anyone else's dividends, and if the ROI gets silly high, people will buy. If they get their act together, this entire clusterfuck will mean nothing in a couple of months.
Yeah, in a couple months. So why not buy back in in a couple months? Sorry, but holding now is crazy. Just like with ActM, why not buy
when there's a reason to do so? The price could continue to drop, and will likely do so as long as they don't have a reasonable amount of BTC coming into their account on a consistent basis (i.e.
not 240Gh/s worth)
So the question is, even if you think LC might be a reasonable investment in the future, why buy now, when you can likely buy cheaper later?