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

[AngelSky]

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

+1

Again, we advise anyone to purchase more shares now that they are cheap.

The price at this time was ~ @ 0.03x

I think the "cheap share" argument won't work anymore.

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[codegnome]

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

+1

Again, we advise anyone to purchase more shares now that they are cheap.

The price at this time was ~ @ 0.03x

I think the "cheap share" argument won't work anymore.

So true. The cheap shares might be below IPO soon. What a morning....

[pedrog]

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.

Is Bitfunder an option?

[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.

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.

The point is that there is less risk now than there was at the IPO.

[BitThink]

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.

It takes time to negotiate with ukyo to be listed on BitFunder. This option is not excluded at all in the announcement.

[BitThink]

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

[dopamine]

Amazing company looks like I will buy more

[velacreations]

You mean Labcon didn't have a plan in place in case something like this happened?  That seems short-sighted.

[Zakryze]

Since havelock got a PT already crapcoin could just move there.

[merv77]

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

how does pass through work.?

is this what you're talking about.? https://www.havelockinvestments.com/fund.php?symbol=LABCO

[BitThink]

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

how does pass through work.?

is this what you're talking about.? https://www.havelockinvestments.com/fund.php?symbol=LABCO

Yes.

[Zubilica]

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

how does pass through work.?

is this what you're talking about.? https://www.havelockinvestments.com/fund.php?symbol=LABCO

If labcoin goes there it will not be a PT anymore. If it goes for direct shares, you can ask labcoin operator to move shares to Havelock PT and trade like on BTC-TC.

Direct shares means all shares ex 9999 are linked to on BTC address 1asdadafafafajfafafafasfafa where dividends will be paid.

[BitThink]

Remember, as long as they have not sold most of their shares, they are the most eager one to look for a exchange. Otherwise, if they are comfortable to live with dividend only, why should we worry. Only those day traders lose their chance to manipulate the market again.

[Zubilica]

Remember, as long as they have not sold most of their shares, they are the most eager one to look for a exchange. Otherwise, if they are comfortable to live with dividend only, why should we worry. Only those day traders lose their chance to manipulate the market again.

Long term direct shares are more comfortable but harder to trade and quick exit .

[BitThink]

I believe Havelock will happily accept PT shares there at least.

[GIANNAT]

Labcoin (and other securities too) should consider moving to therocktrading.com a stock and also currency exchange based in Malta where getting funds in and out (btc, ltc and fiat) is easier then BitFunder. Comfortable both for user and issuer.

[alphaking]

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.

This is the only one good news I hear today

[AtlasONo]

Question is. what exchange will trust the integrity of labcoin?  They'll have to completely prove themselves, no more bullshit.

[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.

The point is that there is less risk now than there was at the IPO.

I'm not sure I would say that.  The situation has changed a lot.  At the time LC seemed very upstanding not taking extra money from over-bid shares. Now we've had all these communications issues and all sorts of other problems, they're a week late and spent a week refusing to post a mining address.

I think a big worry is whether or not Labcoin will be able to keep track of share ownership in a timely manner.  Or do anything in a timely manner. It took them forever just to post pictures.

[Bitcycle]

Labcoin needs to hire and announce a person to manage the direct shares and handle the new exchange listing, and do so ASAP.