[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[Puppet]

Are you saying he doesnt control the IPO bitcoins?

He didn't. It's "labcoin" who has control over their BTCT account.

Ok fine, but do I get this right that we dont know who theswede is IRL and that theswede may well not know for sure who labcoin is IRL ? And no one else knows who labcoin is?

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[MaxSan]

Are you saying he doesnt control the IPO bitcoins?

He didn't. It's "labcoin" who has control over their BTCT account.

Ok fine, but do I get this right that we dont know who theswede is IRL and that theswede may well not know for sure who labcoin is IRL ? And no one else knows who labcoin is?

Thats rich from someone named puppet, we dont even know who you are online....

[Puppet]

Thats rich from someone named puppet, we dont even know who you are online....

If you trusted me with a few million dollars in irreversible and pseudonymous currency, then that fact should worry you a little bit indeed.
But you didnt.

[BitCsByBit]

Thats rich from someone named puppet, we dont even know who you are online....

If you trusted me with a few million dollars in irreversible and pseudonymous currency, then that fact should worry you a little bit indeed.
But you didnt.

Can you please stop trolling!

[BitThink]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

[richard_dein]

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.

Could you please comment how are the stable chips performing compared to the original specs listed in IPO?

[Bitcycle]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

[AngelSky]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

[VolanicEruptor]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

Yes fear must be accounted for when determining valuation..

[Bitcycle]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

And in the past, it has indeed always rapidly become a regrettable decision.

The same thing will happen today.

But go ahead, dump at market.

[BitCsByBit]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

And in the past, it has indeed always rapidly become a regrettable decision.

The same thing will happen today.

But go ahead, dump at market.

AngelSky doesn't have any shares. he is a troll.

[BitThink]

I really don't understand what kind of response those panic selling people wanted?

[AngelSky]

AngelSky doesn't have any shares. he is a troll.

I did have quite a lot in the past.

[bitrich]

Please dump at market I could use just a few more cheap shares

[codegnome]

I really don't understand what kind of response those panic selling people wanted?

Direct shares are a pain for friedcat. It is just going to add more administrative work for Labcoin. Plus there will be no more trading, among other things.

[Ytterbium]

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Panic selling is because people don't trust the issuer.

In particular given the communications issues and everything, now they want to manage the shares themselves as well?  Are they going to be able to do anything in a timely manner?

As far as actually being able to trade these shares any time soon, that's kind of unlikely.  The best we can hope for is that Labcoin will actually make it's dividend payments, and that we can recover that way until a new solution is put in place.

[BitCsByBit]

I really don't understand what kind of response those panic selling people wanted?

Well whoever has spare BTC's is now scooping up Labcoin shares at the IPO price while not having the risk of the IPO, because Labcoin is now hashing and the first dividends are due tomorrow.

[BitThink]

Peoples are worrying about share locking issue. Now this issue has gone forever.

[Ytterbium]

I really don't understand what kind of response those panic selling people wanted?

Well whoever has spare BTC's is now scooping up Labcoin shares at the IPO price while not having the risk of the IPO, because Labcoin is now hashing and the first dividends are due tomorrow.

The first divs are 11 btc spread out among 10 million shares.  So 0.000001 btc/share.  Not the most exciting prospect when liquidity is going to completely dry up in a couple weeks.

The only thing they can really do to get the share price recovered any time soon is announce a conversion to bitfunder or some other exchange. Bitfunder would, by far, be the best choice.

[GreekGeek]

Please dump at market I could use just a few more cheap shares

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