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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042108 times)
BitCsByBit
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September 26, 2013, 07:10:03 AM
 #14441

And thats why labcoin is hiring, as mentioned by TheSeven.

according to posted IRC chats, TheSeven wasnt even aware there was a 130nm chip, has never spoken to anyone working on it and knows nothing about it. He is also more a software guy than anything else.
But yeah, he'll fix it overnight, especially when the only guy who really knows the asic is gone.

Meanwhile theswede says "they will keep adding hash rate". and we are supposed not to laugh? The only way hashrate is going to be added is when their bitfury's finally show up.

That is a lie!!!

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Duffer1
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September 26, 2013, 07:11:18 AM
 #14442

And thats why labcoin is hiring, as mentioned by TheSeven.
But yeah, he'll fix it overnight, especially when the only guy who really knows the asic is gone.

People can't travel from California to China anymore?  Skype doesn't work anymore?  Email... what's that?
KCBitcoin
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September 26, 2013, 07:13:43 AM
 #14443

Hey Sam,

It's time to stand up and clear some fact to your investors now.
BitThink
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September 26, 2013, 07:16:33 AM
 #14444

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.
Bitcycle
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September 26, 2013, 07:37:20 AM
 #14445

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
BitThink
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September 26, 2013, 07:42:47 AM
 #14446

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
If they cannot find an exchange to re-list, the stock price means nothing to them now.
ltiv
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September 26, 2013, 07:45:09 AM
 #14447

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
Whether or not the stock price crashes depends on the move to a new exchange, right now people are panicking whether or not to keep their stocks since there have been no news about a potential new home for Labcoin. Direct shares are good but given the amount of shares sold 7m including 3m (.75 left .25 sold), it would be extremely difficult to manually distribute dividends (assumption). Obviously with that stated, any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure.

Consumer confidence is at an all time low with the slow response of a new exchange, that's obviously a given.
Multi
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September 26, 2013, 07:46:11 AM
 #14448

19   labcoin liars   1,109.97 GH/s

22   MoreThanLabcoin   955.17 GH/s

wow  Grin Grin
KCBitcoin
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September 26, 2013, 07:51:43 AM
 #14449

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
Whether or not the stock price crashes depends on the move to a new exchange, right now people are panicking whether or not to keep their stocks since there have been no news about a potential new home for Labcoin. Direct shares are good but given the amount of shares sold 7m including 3m (.75 left .25 sold), it would be extremely difficult to manually distribute dividends (assumption). Obviously with that stated, any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure.

Consumer confidence is at an all time low with the slow response of a new exchange, that's obviously a given.

The low price isn't solely bcz of BTC-TC closure, it's more bcz of their broken promise again.
UPDATE:

According to Sam, more hash rate will be deployed daily.

so "any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure." will not happen.
BitThink
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September 26, 2013, 07:52:35 AM
 #14450

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
Whether or not the stock price crashes depends on the move to a new exchange, right now people are panicking whether or not to keep their stocks since there have been no news about a potential new home for Labcoin. Direct shares are good but given the amount of shares sold 7m including 3m (.75 left .25 sold), it would be extremely difficult to manually distribute dividends (assumption). Obviously with that stated, any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure.

Consumer confidence is at an all time low with the slow response of a new exchange, that's obviously a given.

The low price isn't sololy bcz of BTC-TC closure, it's more bcz of their broken promise again.
UPDATE:

According to Sam, more hash rate will be deployed daily.

so "any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure." will not happen.

+1

Actually even the deadline for 20TH (6 Sep) is earlier than the stop trading day of btct. So actually we can see the final result before the closure of btct.
abuelau
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September 26, 2013, 08:01:30 AM
 #14451

Didn't someone call the CEO Fabrizio in the early days? Could we call him again?

Know what's happening in cryptoworld: www.coinschedule.com
BitThink
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September 26, 2013, 08:06:47 AM
 #14452

Didn't someone call the CEO Fabrizio in the early days? Could we call him again?
It was QQ, not a call. According to that conversation, he knew nothing about this project except signed a contract for test chips and confirmed Sam is the leader of this project. I doubt he will say anything different now.
BitThink
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September 26, 2013, 08:09:41 AM
 #14453

Sadly, there're only 259 BTC remains on the bid side. If the project fails, not so many of us can leave with cash. It's just a gambling, double or zero.
ltiv
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September 26, 2013, 08:10:37 AM
 #14454

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
Whether or not the stock price crashes depends on the move to a new exchange, right now people are panicking whether or not to keep their stocks since there have been no news about a potential new home for Labcoin. Direct shares are good but given the amount of shares sold 7m including 3m (.75 left .25 sold), it would be extremely difficult to manually distribute dividends (assumption). Obviously with that stated, any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure.

Consumer confidence is at an all time low with the slow response of a new exchange, that's obviously a given.

The low price isn't solely bcz of BTC-TC closure, it's more bcz of their broken promise again.
UPDATE:

According to Sam, more hash rate will be deployed daily.

so "any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure." will not happen.
Each to their own opinion. I only speculate on nothing more then the closure of an exchange with what I've written. Consumer confidence is highly depicted on the stability of an exchange, which means securities benefit if an exchange is stable.
It's true that they've failed to deliver in the past given their promises however if we take the recent dividends payment into consideration (which isn't much) and the fact that they've started hashing (which has dropped out of the listing numerous times). You can safely assume they've started 'something' with their operations.

I am nothing more then a person with an interest in this company, anything I say is entirely my own opinion which may or may not differ from the rest of the stakeholders.
abuelau
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September 26, 2013, 08:16:27 AM
 #14455

Didn't someone call the CEO Fabrizio in the early days? Could we call him again?
It was QQ, not a call. According to that conversation, he knew nothing about this project except signed a contract for test chips and confirmed Sam is the leader of this project. I doubt he will say anything different now.

That's BS. A CEO is responsible for anything that happens under his companie's name. If they are sued, he's the one responsible. No one in their right mind just "signs" something without knowing exactly what it is.

Know what's happening in cryptoworld: www.coinschedule.com
BitThink
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September 26, 2013, 08:18:35 AM
 #14456

I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.

I'm not worried about them responding, I'm worried about them telling the truth when they do.

They have to respond or their precious stock price will bottom out.
Whether or not the stock price crashes depends on the move to a new exchange, right now people are panicking whether or not to keep their stocks since there have been no news about a potential new home for Labcoin. Direct shares are good but given the amount of shares sold 7m including 3m (.75 left .25 sold), it would be extremely difficult to manually distribute dividends (assumption). Obviously with that stated, any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure.

Consumer confidence is at an all time low with the slow response of a new exchange, that's obviously a given.

The low price isn't solely bcz of BTC-TC closure, it's more bcz of their broken promise again.
UPDATE:

According to Sam, more hash rate will be deployed daily.

so "any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure." will not happen.
Each to their own opinion. I only speculate on nothing more then the closure of an exchange with what I've written. Consumer confidence is highly depicted on the stability of an exchange, which means securities benefit if an exchange is stable.
It's true that they've failed to deliver in the past given their promises however if we take the recent dividends payment into consideration (which isn't much) and the fact that they've started hashing (which has dropped out of the listing numerous times). You can safely assume they've started 'something' with their operations.

I am nothing more then a person with an interest in this company, anything I say is entirely my own opinion which may or may not differ from the rest of the stakeholders.

If you are a new comer and haven't touched their stocks, believe me, it's better to keep way from them. Smiley

To be honest, there's not so many people here who are still have full confidence with them. We are just too late to leave.  You know the price was once as high as 0.004 and most of us could sell that time but did not. Some even bought at that time.
BitThink
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September 26, 2013, 08:20:18 AM
 #14457

Didn't someone call the CEO Fabrizio in the early days? Could we call him again?
It was QQ, not a call. According to that conversation, he knew nothing about this project except signed a contract for test chips and confirmed Sam is the leader of this project. I doubt he will say anything different now.

That's BS. A CEO is responsible for anything that happens under his companie's name. If they are sued, he's the one responsible. No one in their right mind just "signs" something without knowing exactly what it is.

Yes, agree. But the problem is that he will not tell us anything even if he can.
abuelau
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September 26, 2013, 08:22:31 AM
 #14458

Didn't someone call the CEO Fabrizio in the early days? Could we call him again?
It was QQ, not a call. According to that conversation, he knew nothing about this project except signed a contract for test chips and confirmed Sam is the leader of this project. I doubt he will say anything different now.

That's BS. A CEO is responsible for anything that happens under his companie's name. If they are sued, he's the one responsible. No one in their right mind just "signs" something without knowing exactly what it is.

Yes, agree. But the problem is that he will not tell us anything even if he can.

Maybe we didn't try hard enough? The way I see it, he took my money and refuses to explain what he's doing with it. And I want to know what it is. Don't you?

Know what's happening in cryptoworld: www.coinschedule.com
Puppet
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September 26, 2013, 08:26:02 AM
 #14459

Is this samuel noi ?

http://gh.linkedin.com/pub/samuel-noi/55/11/b72
BitThink
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September 26, 2013, 08:26:31 AM
 #14460

Didn't someone call the CEO Fabrizio in the early days? Could we call him again?
It was QQ, not a call. According to that conversation, he knew nothing about this project except signed a contract for test chips and confirmed Sam is the leader of this project. I doubt he will say anything different now.

That's BS. A CEO is responsible for anything that happens under his companie's name. If they are sued, he's the one responsible. No one in their right mind just "signs" something without knowing exactly what it is.

Yes, agree. But the problem is that he will not tell us anything even if he can.

Maybe we didn't try hard enough? The way I see it, he took my money and refuses to explain what he's doing with it. And I want to know what it is. Don't you?
Yes, I hate this too. But theoretically, they have told us what they're doing. 'They are still tweaking the miner and hash rate will be added daily.' 'The money has been used in ordering 100000 chips and designing the 65nm chips'.
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