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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
BitThink
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September 22, 2013, 07:23:31 AM
 #13261


Quote
General shareholder contract and IPO information

Labcoin.com aims to raise 7.000 Bitcoin (BTC) through the issue of 7.000.000 shares in the IPO. The shares will be issued at a price of 0.001 BTC per share. The total amount of shares in labcoin.com will be 10.000.000 shares, with labcoin employees, representatives and owners will hold 30% of outstanding shares.

We have asked for verification of the withholding of 30% of the shares.



This doesn't say they will withhold 30%.   It says they will hold 30%.  Which means at the time of offering. Nothing in this implies that they will continue to hold them.

Now, they've said in a different venue that they will not sell 75% of their holdings, but that's a different thing altogether.

If this is your basis, it's wrong.

The point is they have not told burnside which are their accounts yet.
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burnside
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September 22, 2013, 07:23:50 AM
 #13262

Maybe burnside sold his shares and changed the wording of the warning hoping to buy back cheap Grin

Anyway "Flagged for potential violations - wtf does that mean?"  Flagged how?  What violations? Serious ones? Minor ones (like not locking shares) what?

I have not sold any of my shares.  I do not intend to.  I couldn't do it with a clear conscience until things are less controversial.

So in short; its a locked shares issue?


They don't have to be locked.  Use of the public portfolio feature would be sufficient I would think.


I'm not a Coinbase fan -- I placed a buy order, they took the funds out of my account, then a week later the price went up and they canceled the buy and closed my account.  You've been warned.  Use a different exchange.
Ytterbium
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September 22, 2013, 07:25:25 AM
 #13263

Btw people, there are some put options you can buy if you're daring.  I made some money off of them the last time the price tanked Grin

demzie
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September 22, 2013, 07:25:35 AM
 #13264

I have to much bets open; i have labcoin shares Smiley Dont care about your ego..

a typical and unsurprising response from loudest barker


Well you're the barker here! You ran out of ammo for the chips/boards/are we real/hashing stuff
and now your focussing on the hardware sales.. be a man and admit next week; you were wrong..
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September 22, 2013, 07:26:26 AM
 #13265

Maybe burnside sold his shares and changed the wording of the warning hoping to buy back cheap Grin

Anyway "Flagged for potential violations - wtf does that mean?"  Flagged how?  What violations? Serious ones? Minor ones (like not locking shares) what?

I have not sold any of my shares.  I do not intend to.  I couldn't do it with a clear conscience until things are less controversial.

So in short; its a locked shares issue?


They don't have to be locked.  Use of the public portfolio feature would be sufficient I would think.

Burnside: First of all, I was just joking Grin

Second of all,  I think you should make that more clear in your warning what the specific violation is.  Maybe link to your post. Right now it's too ambiguous.  People might think the stock is about to be delisted or something.


szmarco
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September 22, 2013, 07:28:03 AM
 #13266

Maybe burnside sold his shares and changed the wording of the warning hoping to buy back cheap Grin

Anyway "Flagged for potential violations - wtf does that mean?"  Flagged how?  What violations? Serious ones? Minor ones (like not locking shares) what?

I have not sold any of my shares.  I do not intend to.  I couldn't do it with a clear conscience until things are less controversial.

So in short; its a locked shares issue?


They don't have to be locked.  Use of the public portfolio feature would be sufficient I would think.



You mean if they disclose a public portfolio,you will remove the scary warning.
Right?
ronaldlee0917
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September 22, 2013, 07:29:12 AM
 #13267

wow, what has happened? Shocked

15:25 (S) 3000 @ 0.00222800 LABCOIN
15:23 (S) 1067 @ 0.00205900 LABCOIN
15:23 (S) 2000 @ 0.00206000 LABCOIN
15:23 (S) 1000 @ 0.00206000 LABCOIN
15:23 (S) 691 @ 0.00206000 LABCOIN
15:23 (S) 248 @ 0.00209100 LABCOIN
15:23 (S) 50 @ 0.00209900 LABCOIN
15:23 (S) 1000 @ 0.00213900 LABCOIN
15:23 (S) 243 @ 0.00215000 LABCOIN
15:23 (S) 1 @ 0.00215100 LABCOIN
15:22 (S) 757 @ 0.00215000 LABCOIN
15:22 (S) 600 @ 0.00222200 LABCOIN
15:22 (S) 320 @ 0.00222400 LABCOIN
15:22 (S) 1 @ 0.00222500 LABCOIN
15:18 (B) 392 @ 0.00249800 LABCOIN
15:18 (S) 621 @ 0.00223300 LABCOIN
15:18 (S) 3000 @ 0.00223500 LABCOIN
15:18 (S) 240 @ 0.00224500 LABCOIN
15:18 (S) 655 @ 0.00228900 LABCOIN
15:17 (S) 4673 @ 0.00230000 LABCOIN
15:17 (S) 320 @ 0.00230200 LABCOIN
15:17 (S) 1 @ 0.00235500 LABCOIN

Donation:    18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu
Mastercoin - A new protocol layer built on top of Bitcoin
Ytterbium
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September 22, 2013, 07:31:21 AM
 #13268

wow, what has happened? Shocked

15:25 (S) 3000 @ 0.00222800 LABCOIN
15:23 (S) 1067 @ 0.00205900 LABCOIN
15:23 (S) 2000 @ 0.00206000 LABCOIN
15:23 (S) 1000 @ 0.00206000 LABCOIN
15:23 (S) 691 @ 0.00206000 LABCOIN
15:23 (S) 248 @ 0.00209100 LABCOIN
15:23 (S) 50 @ 0.00209900 LABCOIN
15:23 (S) 1000 @ 0.00213900 LABCOIN
15:23 (S) 243 @ 0.00215000 LABCOIN
15:23 (S) 1 @ 0.00215100 LABCOIN
15:22 (S) 757 @ 0.00215000 LABCOIN
15:22 (S) 600 @ 0.00222200 LABCOIN
15:22 (S) 320 @ 0.00222400 LABCOIN
15:22 (S) 1 @ 0.00222500 LABCOIN
15:18 (B) 392 @ 0.00249800 LABCOIN
15:18 (S) 621 @ 0.00223300 LABCOIN
15:18 (S) 3000 @ 0.00223500 LABCOIN
15:18 (S) 240 @ 0.00224500 LABCOIN
15:18 (S) 655 @ 0.00228900 LABCOIN
15:17 (S) 4673 @ 0.00230000 LABCOIN
15:17 (S) 320 @ 0.00230200 LABCOIN
15:17 (S) 1 @ 0.00235500 LABCOIN

See the new warning.  IMO - not safe to hold this until it's fixed.

demzie
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September 22, 2013, 07:31:36 AM
 #13269

wow, what has happened? Shocked

15:25 (S) 3000 @ 0.00222800 LABCOIN
15:23 (S) 1067 @ 0.00205900 LABCOIN
15:23 (S) 2000 @ 0.00206000 LABCOIN
15:23 (S) 1000 @ 0.00206000 LABCOIN
15:23 (S) 691 @ 0.00206000 LABCOIN
15:23 (S) 248 @ 0.00209100 LABCOIN
15:23 (S) 50 @ 0.00209900 LABCOIN
15:23 (S) 1000 @ 0.00213900 LABCOIN
15:23 (S) 243 @ 0.00215000 LABCOIN
15:23 (S) 1 @ 0.00215100 LABCOIN
15:22 (S) 757 @ 0.00215000 LABCOIN
15:22 (S) 600 @ 0.00222200 LABCOIN
15:22 (S) 320 @ 0.00222400 LABCOIN
15:22 (S) 1 @ 0.00222500 LABCOIN
15:18 (B) 392 @ 0.00249800 LABCOIN
15:18 (S) 621 @ 0.00223300 LABCOIN
15:18 (S) 3000 @ 0.00223500 LABCOIN
15:18 (S) 240 @ 0.00224500 LABCOIN
15:18 (S) 655 @ 0.00228900 LABCOIN
15:17 (S) 4673 @ 0.00230000 LABCOIN
15:17 (S) 320 @ 0.00230200 LABCOIN
15:17 (S) 1 @ 0.00235500 LABCOIN

Fud and unbelievers get out.. and maybe people who think this will be a spike again..
FloatesMcgoates
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September 22, 2013, 07:32:26 AM
 #13270


edit: And yes I did sell a few satoshis in front of the wall because if things go as I expect, then I profit. If things continue to go well for labcoin, then I just buy back into the wall for a loss of transaction fees only. Risk/reward clearly favored selling for a few satoshis in front of wall

There's going to be an awful lot of competition to buy back in.  More shares will have sold in front of the wall than are in the wall.

Good luck.



lol
KCBitcoin
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September 22, 2013, 07:33:16 AM
 #13271

wow, what has happened? Shocked

15:25 (S) 3000 @ 0.00222800 LABCOIN
15:23 (S) 1067 @ 0.00205900 LABCOIN
15:23 (S) 2000 @ 0.00206000 LABCOIN
15:23 (S) 1000 @ 0.00206000 LABCOIN
15:23 (S) 691 @ 0.00206000 LABCOIN
15:23 (S) 248 @ 0.00209100 LABCOIN
15:23 (S) 50 @ 0.00209900 LABCOIN
15:23 (S) 1000 @ 0.00213900 LABCOIN
15:23 (S) 243 @ 0.00215000 LABCOIN
15:23 (S) 1 @ 0.00215100 LABCOIN
15:22 (S) 757 @ 0.00215000 LABCOIN
15:22 (S) 600 @ 0.00222200 LABCOIN
15:22 (S) 320 @ 0.00222400 LABCOIN
15:22 (S) 1 @ 0.00222500 LABCOIN
15:18 (B) 392 @ 0.00249800 LABCOIN
15:18 (S) 621 @ 0.00223300 LABCOIN
15:18 (S) 3000 @ 0.00223500 LABCOIN
15:18 (S) 240 @ 0.00224500 LABCOIN
15:18 (S) 655 @ 0.00228900 LABCOIN
15:17 (S) 4673 @ 0.00230000 LABCOIN
15:17 (S) 320 @ 0.00230200 LABCOIN
15:17 (S) 1 @ 0.00235500 LABCOIN

See the new warning.  IMO - not safe to hold this until it's fixed.
In your opinion - sell our shares into your bids.
Bitcycle
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September 22, 2013, 07:33:37 AM
 #13272


edit: And yes I did sell a few satoshis in front of the wall because if things go as I expect, then I profit. If things continue to go well for labcoin, then I just buy back into the wall for a loss of transaction fees only. Risk/reward clearly favored selling for a few satoshis in front of wall

There's going to be an awful lot of competition to buy back in.  More shares will have sold in front of the wall than are in the wall.

Good luck.



lol

Yeah, well random bad decisions by the exchange operator can't be helped.
TheSwede75
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September 22, 2013, 07:33:38 AM
 #13273

I don't think the locked shares thing is a big deal, but that warning needs to be cleared up ASAP.

I am in contact with burnside regarding resolving this ASAP. Since the team has separate accounts with BTCT.CO we are trying to find a smart solution to locking a certain amount (75%) of founder shares across several accounts.

I can only reiterate that the same statement as issued is still true and 75% of founder shares are, and will be held for 12 months from the date of the announcement.

Wise from my mistakes I am not giving a deadline, but I hope and think that we can resolve this "warning" very soon.
BitCsByBit
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September 22, 2013, 07:34:10 AM
 #13274

wow, what has happened? Shocked

15:25 (S) 3000 @ 0.00222800 LABCOIN
15:23 (S) 1067 @ 0.00205900 LABCOIN
15:23 (S) 2000 @ 0.00206000 LABCOIN
15:23 (S) 1000 @ 0.00206000 LABCOIN
15:23 (S) 691 @ 0.00206000 LABCOIN
15:23 (S) 248 @ 0.00209100 LABCOIN
15:23 (S) 50 @ 0.00209900 LABCOIN
15:23 (S) 1000 @ 0.00213900 LABCOIN
15:23 (S) 243 @ 0.00215000 LABCOIN
15:23 (S) 1 @ 0.00215100 LABCOIN
15:22 (S) 757 @ 0.00215000 LABCOIN
15:22 (S) 600 @ 0.00222200 LABCOIN
15:22 (S) 320 @ 0.00222400 LABCOIN
15:22 (S) 1 @ 0.00222500 LABCOIN
15:18 (B) 392 @ 0.00249800 LABCOIN
15:18 (S) 621 @ 0.00223300 LABCOIN
15:18 (S) 3000 @ 0.00223500 LABCOIN
15:18 (S) 240 @ 0.00224500 LABCOIN
15:18 (S) 655 @ 0.00228900 LABCOIN
15:17 (S) 4673 @ 0.00230000 LABCOIN
15:17 (S) 320 @ 0.00230200 LABCOIN
15:17 (S) 1 @ 0.00235500 LABCOIN

Someone will regret for overacting!!!

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
Bitcycle
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September 22, 2013, 07:34:48 AM
 #13275

I don't think the locked shares thing is a big deal, but that warning needs to be cleared up ASAP.

I am in contact with burnside regarding resolving this ASAP. Since the team has separate accounts with BTCT.CO we are trying to find a smart solution to locking a certain amount (75%) of founder shares across several accounts.

I can only reiterate that the same statement as issued is still true and 75% of founder shares are, and will be held for 12 months from the date of the announcement.

Wise from my mistakes I am not giving a deadline, but I hope and think that we can resolve this "warning" very soon.

Perhaps the warning can be removed while you work in good faith the resolve the issue.
Ukyo
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September 22, 2013, 07:35:28 AM
 #13276

The statement the exchange made was 100% factual.  Though it could have been worded differently, the warning needed to be made.  Attempts at communication prior to the issuance of the warning had not been successful.

I have updated the warning.

Thanks for the update and correction on this! Smiley

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KCBitcoin
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September 22, 2013, 07:36:05 AM
 #13277

See how fast they can react!
Great move burnside!
Ytterbium
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September 22, 2013, 07:36:57 AM
 #13278

See how fast they can react!
Great move burnside!

Yeah, when the price is crashing Tongue

Bitcycle
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September 22, 2013, 07:38:50 AM
 #13279


Once again we see that emotion based trading is a bad idea.
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September 22, 2013, 07:39:00 AM
 #13280

I have to much bets open; i have labcoin shares Smiley Dont care about your ego..

a typical and unsurprising response from loudest barker


Well you're the barker here! You ran out of ammo for the chips/boards/are we real/hashing stuff
and now your focussing on the hardware sales.. be a man and admit next week; you were wrong..

bet will prove in simple fashion who is right

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