Bitcoin Forum
December 11, 2017, 11:34:12 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 [691] 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 ... 914 »
  Print  
Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1057873 times)
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
September 23, 2013, 02:19:21 PM
 #13801

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.

1512992052
Hero Member
*
Offline Offline

Posts: 1512992052

View Profile Personal Message (Offline)

Ignore
1512992052
Reply with quote  #2

1512992052
Report to moderator
1512992052
Hero Member
*
Offline Offline

Posts: 1512992052

View Profile Personal Message (Offline)

Ignore
1512992052
Reply with quote  #2

1512992052
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1512992052
Hero Member
*
Offline Offline

Posts: 1512992052

View Profile Personal Message (Offline)

Ignore
1512992052
Reply with quote  #2

1512992052
Report to moderator
1512992052
Hero Member
*
Offline Offline

Posts: 1512992052

View Profile Personal Message (Offline)

Ignore
1512992052
Reply with quote  #2

1512992052
Report to moderator
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 23, 2013, 02:23:24 PM
 #13802

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

Activity: 882



View Profile
September 23, 2013, 02:24:54 PM
 #13803

What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.

No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.

No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.

No one knows whether they pay dividend or not? There's forum and bitcoin chain.

Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.
E.Sam
Sr. Member
****
Offline Offline

Activity: 391



View Profile WWW
September 23, 2013, 02:26:06 PM
 #13804

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

I vote for Ytterbium to do this job

onecent
Full Member
***
Offline Offline

Activity: 189



View Profile
September 23, 2013, 02:34:09 PM
 #13805

What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.

No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.

No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.

No one knows whether they pay dividend or not? There's forum and bitcoin chain.

Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.

That's true Smiley
Luckybit
Hero Member
*****
Offline Offline

Activity: 714



View Profile
September 23, 2013, 02:36:22 PM
 #13806

What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.

No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.

No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.

No one knows whether they pay dividend or not? There's forum and bitcoin chain.

Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.

That's true Smiley

Can Labcoin be traded via Ripple?
aquarius
Sr. Member
****
Offline Offline

Activity: 275



View Profile
September 23, 2013, 02:43:43 PM
 #13807

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?

I would guess that the reason they chose the 'direct shares' is that no exchange want them to to trade on their platform because of labcoin's shady practices.
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
September 23, 2013, 02:46:32 PM
 #13808

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

I vote for Ytterbium to do this job

I vote they get their shares moved to bitfunder ASAP Tongue

Also since I'm in the US it might not even be legal for me to manage virtual securities.   It's too bad, though I have some interesting ideas for IPOs that could work, I would have tried some of them by now if it wasn't for all the legal ... "ambiguity" involved.

Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 23, 2013, 02:46:48 PM
 #13809

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?

I would guess that the reason they chose the 'direct shares' is that no exchange want them to to trade on their platform because of labcoin's shady practices.

Or far more likely, it's what they can say definitely in the immediate aftermath of Burnside's announcement.

Getting listed will take more than a few minutes, you know.

velacreations
Sr. Member
****
Offline Offline

Activity: 476


View Profile
September 23, 2013, 02:47:56 PM
 #13810

I would guess that the reason they chose the 'direct shares' is that no exchange want them to to trade on their platform because of labcoin's shady practices.
someone will likely open a PT on another exchange, similar to AM.  AM doesn't directly trade on any exchange, either.

klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 23, 2013, 02:48:29 PM
 #13811

So de we know what happened yet?
Why is BTCT shutting down?
SEC?
velacreations
Sr. Member
****
Offline Offline

Activity: 476


View Profile
September 23, 2013, 02:55:20 PM
 #13812

So de we know what happened yet?
Why is BTCT shutting down?
SEC?
The SEC doesn't let you "wind down" for several weeks.  They just pull the plug.

Likely, he got legal advice that said "you are committing a crime, stop doing it"

klee
Legendary
*
Offline Offline

Activity: 1484



View Profile
September 23, 2013, 02:58:57 PM
 #13813

So de we know what happened yet?
Why is BTCT shutting down?
SEC?
The SEC doesn't let you "wind down" for several weeks.  They just pull the plug.

Likely, he got legal advice that said "you are committing a crime, stop doing it"
From the 'Why BTC-TC Rocks' tab:

BTC Trading Corp. is a legally registered Belize international company.

So, I suppose we have to wait and see if shit will hit the fan (MPEx, Havelock, Picostocks, Bitfunder)  Undecided
JohnyBigs
Sr. Member
****
Offline Offline

Activity: 364


View Profile
September 23, 2013, 03:00:38 PM
 #13814

Today is the first day where new laws start about crowd investing. It is now legal to raise money with private investors directly in return for equity. So no idea why btct would have any problems
ffssixtynine
Sr. Member
****
Offline Offline

Activity: 350



View Profile
September 23, 2013, 03:03:47 PM
 #13815

Today is the first day where new laws start about crowd investing. It is now legal to raise money with private investors directly in return for equity. So no idea why btct would have any problems

Read the laws. It is legal only if done properly. Non trivial.
JohnyBigs
Sr. Member
****
Offline Offline

Activity: 364


View Profile
September 23, 2013, 03:09:30 PM
 #13816

Today is the first day where new laws start about crowd investing. It is now legal to raise money with private investors directly in return for equity. So no idea why btct would have any problems

Read the laws. It is legal only if done properly. Non trivial.

When does btct close down? Hopefully pick up some more cheap shares from everyone selling lol
JohnyBigs
Sr. Member
****
Offline Offline

Activity: 364


View Profile
September 23, 2013, 03:16:36 PM
 #13817

Going to get some btc ready last day before btct close will probably be a massive dump again can pick up some shares in the .0004 would be great lol
bitcoiner49er
Sr. Member
****
Offline Offline

Activity: 457



View Profile
September 23, 2013, 03:19:18 PM
 #13818

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.

Maybe no "trading", but direct shares are sell-able and transferable on their own. I've done it with ASICminer. The caveat will be WHO handles the transfers for LC.  Huh

Homo doctus is se semper divitias habet
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile
September 23, 2013, 03:23:31 PM
 #13819

UPDATE:

I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).

Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.

As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.

Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
September 23, 2013, 03:24:38 PM
 #13820

UPDATE:

I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).

Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.

As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.



I think most of us would like to see you guys move to bitfunder.

Pages: « 1 ... 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 [691] 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 ... 914 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!