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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1041694 times)
dexX7
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September 23, 2013, 12:19:42 PM
 #13741

Dividends will be paid regularly until the btct platform is available.

What does that mean?

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September 23, 2013, 12:20:44 PM
 #13742

Dividends will be paid regularly until the btct platform is available.

What does that mean?
And what 'direct shares' is supposed to be?

Caesium
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September 23, 2013, 12:20:55 PM
 #13743

I'm impresssed. Only the second of my funds to give an update, beating both friedcat (though I doubt he needs to say anything..) and creativex.

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BitCsByBit
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September 23, 2013, 12:21:22 PM
 #13744

Dividends will be paid regularly until the btct platform is available.

What does that mean?

Until = While.


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JimiQ84
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September 23, 2013, 12:21:56 PM
 #13745

I'm impresssed. Only the second of my funds to give an update, beating both friedcat (though I doubt he needs to say anything..) and creativex.

Friedcat isn't associated with any security exchange. Asicminer is in form of direct shares, on exchanges are only pass-throughs
BitCsByBit
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September 23, 2013, 12:22:29 PM
 #13746

Dividends will be paid regularly until the btct platform is available.

What does that mean?
And what 'direct shares' is supposed to be?

What AsicMiner had when GLBSE failed.

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
AngelSky
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September 23, 2013, 12:23:06 PM
 #13747

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

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klee
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September 23, 2013, 12:23:18 PM
 #13748

I'm impresssed. Only the second of my funds to give an update, beating both friedcat (though I doubt he needs to say anything..) and creativex.

Friedcat isn't associated with any security exchange. Asicminer is in form of direct shares, on exchanges are only pass-throughs
How does this work in practice? Where do you/buy/store the shares??

BitCsByBit
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September 23, 2013, 12:23:45 PM
 #13749

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

GTFO! Trol.

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Bitcycle
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September 23, 2013, 12:24:20 PM
 #13750

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

Eh, they give someone a small fee to manage it and it's all good.
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September 23, 2013, 12:24:47 PM
 #13751

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

GTFO! Trol.

This is the cold truth. Sorry for that.

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BitCsByBit
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September 23, 2013, 12:25:22 PM
 #13752

I'm impresssed. Only the second of my funds to give an update, beating both friedcat (though I doubt he needs to say anything..) and creativex.

Friedcat isn't associated with any security exchange. Asicminer is in form of direct shares, on exchanges are only pass-throughs
How does this work in practice? Where do you/buy/store the shares??

Think AsicMiner shares.

I'm sure more will be explained later as this is probably something they didn't expect either.

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Puppet
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September 23, 2013, 12:27:45 PM
 #13753

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

Then its a good thing we all know the RL identity of theswede and where his business is incorporated and were his datacenter is, right?
I mean, we do know that, dont we?
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September 23, 2013, 12:28:50 PM
 #13754

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

Then its a good thing we all know the RL identity of theswede and where his business is incorporated and were his datacenter is, right?
I mean, we do know that, dont we?

theswede is only a spokesperson, and has never seen the other members of the team in person

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September 23, 2013, 12:29:35 PM
 #13755

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

Then its a good thing we all know the RL identity of theswede and where his business is incorporated and were his datacenter is, right?
I mean, we do know that, dont we?

Lol!

Frankly:
- Buying direct shares to FC, no problemo.
- Buying direct shares to Labcoin ? No, thanks.

Best option for LC at this point is to move to BitFunder IMO.

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BitCsByBit
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September 23, 2013, 12:35:12 PM
 #13756

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

Then its a good thing we all know the RL identity of theswede and where his business is incorporated and were his datacenter is, right?
I mean, we do know that, dont we?

Lol!

Frankly:
- Buying direct shares to FC, no problemo.
- Buying direct shares to Labcoin ? No, thanks.

Best option for LC at this point is to move to BitFunder IMO.

Direct Shares will be just an interim solution until they manage to list the asset on an another exchange.
No Labcoin shareholders will lose any shares!


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September 23, 2013, 12:37:39 PM
 #13757

I think this update was reassuring. Still some questions in the air, but it kind of explains what's on their mind and how they see this going forward.

Good stuff.

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September 23, 2013, 12:38:53 PM
 #13758

Direct Shares will be just an interim solution until they manage to list the asset on an another exchange.
No Labcoin shareholders will lose any shares!

If it is an interim solution, then yes, why not. But at the moment, we'll have to wait for something more precise than:

We will also evaluate listing again on another exchange.

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September 23, 2013, 12:39:23 PM
 #13759

Direct shares means no more 3rd party. Good luck with that, especially with Labcoin :p

Then its a good thing we all know the RL identity of theswede and where his business is incorporated and were his datacenter is, right?
I mean, we do know that, dont we?

theswede is only a spokesperson, and has never seen the other members of the team in person

Are you saying he doesnt control the IPO bitcoins? And that not only we have no frigging idea who does, but quite possibly, even the "spokesperson" doesnt ?

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September 23, 2013, 12:40:22 PM
 #13760

Direct Shares will be just an interim solution until they manage to list the asset on an another exchange.
No Labcoin shareholders will lose any shares!

If it is an interim solution, then yes, why not. But at the moment, we'll have to wait for something more precise than:

We will also evaluate listing again on another exchange.

Bizarre they don't already have more details. I mean, they've had entire minutes.
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