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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040702 times)
kleeck
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September 23, 2013, 11:35:50 AM
 #13721

It is disappointing that burside didn't lock the trading until all asset issuers respond to their share holders to prevent any panic selling.

Too late now.

It's very likely he did not have that luxury.

He locked all stocks and cleared the order books.

He should have kept it locked until asset issuers respond to their shareholders.

Oh, right, that isn't a logistical nightmare. He'd be waiting a long time due to Labcoin alone.

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BitCsByBit
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September 23, 2013, 11:41:03 AM
 #13722

It is disappointing that burside didn't lock the trading until all asset issuers respond to their share holders to prevent any panic selling.

Too late now.

It's very likely he did not have that luxury.

He locked all stocks and cleared the order books.

He should have kept it locked until asset issuers respond to their shareholders.

Oh, right, that isn't a logistical nightmare. He'd be waiting a long time due to Labcoin alone.

He could unlock each asset when he gets a response from the asset issuer. I'm sure it wouldn't be that hard.

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klee
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September 23, 2013, 11:42:45 AM
 #13723

Why is TAT.NEOBEE frozen and not Labcoin? What do I miss?

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Ukyo
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September 23, 2013, 11:42:55 AM
 #13724

I have no doubt. Thats why I am curious to hear what makes you or your lawyers think you would or could be in compliance and what is different between GLSBE, BTCT and bitfunder.
Its a serious question.

It's also a fairly serious even to commentate on laws when you are not a lawyer. Smiley
Not that I am trying to dodge your questions, I simply do not have the perfect answer you are seeking.
This is why we have been seeking licensing to cover any possible issues.
There are plenty of arguments to made. Those arguments would need to be settled by whichever government it is with at that time.

BitFunder - Asset Exchange Marketplace https://bitfunder.com
WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
Ukyo
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September 23, 2013, 11:43:15 AM
 #13725

Why is TAT.NEOBEE frozen and not Labcoin? What do I miss?

TAT chose to freeze it until things are sorted and calmed.

BitFunder - Asset Exchange Marketplace https://bitfunder.com
WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
klee
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September 23, 2013, 11:44:16 AM
 #13726

Why is TAT.NEOBEE frozen and not Labcoin? What do I miss?

TAT chose to freeze it until things are sorted and calmed.

I like this guy! I have an account in BF too btw, hope you will be more competent and lucky than Burnside!  Roll Eyes

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MaxSan
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September 23, 2013, 11:47:54 AM
 #13727

This is exactly the reason everyone should be running Open Transactions for handling and managing assets. This wouldnt even break a sweat.

Exchange owners please take note!
klee
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September 23, 2013, 11:49:14 AM
 #13728

Why is TAT.NEOBEE frozen and not Labcoin? What do I miss?

TAT chose to freeze it until things are sorted and calmed.

And why only TAT.NEOBEE and not other assets (like TAT.ASICMINER)? Hmmm..

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dopamine
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September 23, 2013, 11:50:01 AM
 #13729

"being a bag holder because of the exchange not because of the amazing company"

Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
klee
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September 23, 2013, 11:51:13 AM
 #13730

Murphy works overtime I suppose...

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eastpk
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September 23, 2013, 11:51:30 AM
 #13731

jeez just wokeup here in the states to see that the price tanked. Should we hold out for Labcoin to say something? Or is it safe to say our shares are gone.
canth
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September 23, 2013, 11:53:04 AM
 #13732

jeez just wokeup here in the states to see that the price tanked. Should we hold out for Labcoin to say something? Or is it safe to say our shares are gone.

It's not really about LC. It's more about the future of Havelock and Bitfunder. If those exchanges are on shaky grounds, then we're all screwed. If they're not then LC will most likely not fold.

BitCsByBit
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September 23, 2013, 11:53:16 AM
 #13733

I guess the 3 confirmations for depositing into BTCT have started to clear.
Stocks are recovering. People are using the opportunity to scoop up cheap shares.

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lzr1900
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September 23, 2013, 11:54:10 AM
 #13734

cheap shares guys..todays crash is all about the dumb-ass BURNSIDE!
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September 23, 2013, 11:59:43 AM
 #13735

It's also a fairly serious even to commentate on laws when you are not a lawyer. Smiley
Not that I am trying to dodge your questions, I simply do not have the perfect answer you are seeking.
This is why we have been seeking licensing to cover any possible issues.
There are plenty of arguments to made. Those arguments would need to be settled by whichever government it is with at that time.

Doesnt sound like you or your lawyers are very confident (nor do I think you should be).
Im not giving it 6 months.
AngelSky
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September 23, 2013, 12:00:33 PM
 #13736

jeez just wokeup here in the states to see that the price tanked. Should we hold out for Labcoin to say something? Or is it safe to say our shares are gone.

It's not really about LC. It's more about the future of Havelock and Bitfunder. If those exchanges are on shaky grounds, then we're all screwed. If they're not then LC will most likely not fold.

Someday, regulated markets will come. No it won't be btct, no it won't be bitfunder, no it won't be havelock.

Anyway, don't worry too much.

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Ukyo
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September 23, 2013, 12:03:15 PM
 #13737

It's also a fairly serious even to commentate on laws when you are not a lawyer. Smiley
Not that I am trying to dodge your questions, I simply do not have the perfect answer you are seeking.
This is why we have been seeking licensing to cover any possible issues.
There are plenty of arguments to made. Those arguments would need to be settled by whichever government it is with at that time.

Doesnt sound like you or your lawyers are very confident (nor do I think you should be).
Im not giving it 6 months.

In the legal world, one can only try to meet the requirements set fourth, and argue for position in unclear situations.
We have been and are trying very hard in an effort to firm BitFunder's legal standings. Smiley

BitFunder - Asset Exchange Marketplace https://bitfunder.com
WeExchange - AUD (Direct Bank Transfers), CAD (Interac), USD BTC Exchange & Options Trading
labcoin
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September 23, 2013, 12:17:18 PM
 #13738

All btct shares will be converted to direct shares as soon as we receive official communication from Ethan Burnside before 31 October.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.

http://labcoin.com - Proprietary ASIC technology
BitCsByBit
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September 23, 2013, 12:18:54 PM
 #13739

All btct shares will be converted to direct shares as soon as we receive official communication from Ethan Burnside.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.

Thank you.

Great update!

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MaxSan
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September 23, 2013, 12:19:25 PM
 #13740

All btct shares will be converted to direct shares as soon as we receive official communication from Ethan Burnside.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.

Thanks for an update. Hope everything goes smoothly.
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