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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058084 times)
dexX7
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September 23, 2013, 12:40:28 PM
 #13761

Are you saying he doesnt control the IPO bitcoins?

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

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BitCsByBit
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September 23, 2013, 12:42:32 PM
 #13762

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.

Of course they will evaluate. There is more than 1 exchange out there they and all of them have different rules.

Ukyo already posted about it earlier.

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Puppet
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September 23, 2013, 12:43:21 PM
 #13763

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?
MaxSan
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September 23, 2013, 12:44:11 PM
 #13764

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....
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September 23, 2013, 12:46:18 PM
 #13765


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
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September 23, 2013, 12:48:42 PM
 #13766


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!

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BitThink
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September 23, 2013, 01:03:33 PM
 #13767

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
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September 23, 2013, 01:03:44 PM
 #13768

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
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September 23, 2013, 01:11:49 PM
 #13769

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
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September 23, 2013, 01:13:46 PM
 #13770

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

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VolanicEruptor
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September 23, 2013, 01:14:35 PM
 #13771

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
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September 23, 2013, 01:16:56 PM
 #13772

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
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September 23, 2013, 01:18:31 PM
 #13773

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.

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BitThink
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September 23, 2013, 01:18:38 PM
 #13774

I really don't understand what kind of response those panic selling people wanted?
AngelSky
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September 23, 2013, 01:21:25 PM
 #13775

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

I did have quite a lot in the past.

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bitrich
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September 23, 2013, 01:22:48 PM
 #13776

Please dump at market I could use just a few more cheap shares
codegnome
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September 23, 2013, 01:23:02 PM
 #13777

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
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September 23, 2013, 01:23:11 PM
 #13778

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
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September 23, 2013, 01:24:09 PM
 #13779

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.

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BitThink
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September 23, 2013, 01:28:07 PM
 #13780

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