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

[foxykah]

I invested 7k USD in August. Now it is worth 342 USD.

<REM - Losing my religion>

I won't sell. Now it doesn't matter anymore. I don't know whether I still have faith in LC, but I just won't sell, because it is not worth the hassle anymore. I think of that money now like if it never existed. Still, if LC finally starts hashing, my profit will be unbe-fucking-lievably gross. So, LC, pump that hashrate up.

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[gonbo]

Down to 0.0001 ! Deserved to scam!

[BitThink]

It's very kind of you to show your cleverness at this time in this thread.

Same question has been asked several times in this thread (also by me), it was ignored.

Here is a funny thing, while everyone here loves to hate the government, sec and regulation, for a security to be registered, it really only requires some basic disclosures about the issuer and business. Arguably the procedure has become overly complicated and expensive for small offerings, but the idea is plain common sense, and this "IPO" wasnt so small. Investors at the very least should ask the same questions the SEC does or a bank would before forking over millions of dollars to an anonymous person being represented by an anonymous spokesperson.

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

[HorseRider]

It's very kind of you to show your cleverness at this time in this thread.

Same question has been asked several times in this thread (also by me), it was ignored.

Here is a funny thing, while everyone here loves to hate the government, sec and regulation, for a security to be registered, it really only requires some basic disclosures about the issuer and business. Arguably the procedure has become overly complicated and expensive for small offerings, but the idea is plain common sense, and this "IPO" wasnt so small. Investors at the very least should ask the same questions the SEC does or a bank would before forking over millions of dollars to an anonymous person being represented by an anonymous spokesperson.

"No, I hate my bitcoin. I want an excuse to send it to other people."

[ltiv]

Offer stands https://bitcointalk.org/index.php?topic=300663.0

[merv77]

Offer stands https://bitcointalk.org/index.php?topic=300663.0

if you're serious just buy with bitcoins, much much easier..  no?

[Puppet]

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

And has anyone been in contact with him? I could make an IPO and list Bill Gates as chairman.

As for the current share price, I have to say, if anything its still rather high. Am I wrong saying it IPO'd at 0.001 and its now still about half of that?

If even labcoin is legit, its clear they will be unable to meet the expectations set forth at ipo. But the current price only makes sense to me if people still believe their chip not only exists, but will start hashing fairly soon with a relatively small risk  this is going absolutely nowhere. IOW, Im amazed its holding up so well and equally amazed how most of you seem to think this price is low. Facebook value dropped about as much after the IPO, no one thought FB was a scam.

[ronaldlee0917]

If 0.0005 does not hold, we will see a free fall down to 0.0001 or even to the satoshi bids.

[ltiv]

Offer stands https://bitcointalk.org/index.php?topic=300663.0

if you're serious just buy with bitcoins, much much easier..  no?

It would be logical, but at this point. I'm just offering to liquidate any investors (with 1000 shares only!) looking to leave BTC or just wanting to cash on what's left of their investment at a lower price. I could obviously go open a deal with someone on localbitcoins and shoot up some BTC just to buy whatever is left of this companies stock if I wanted to but that's not exactly the point right now.

I have explained the reason behind this offer several pages back but if you must, you can always go through my post history just to find it

[BitThink]

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

And has anyone been in contact with him? I could make an IPO and list Bill Gates as chairman.

As for the current share price, I have to say, if anything its still rather high. Am I wrong saying it IPO'd at 0.001 and its now still about half of that?

If even labcoin is legit, its clear they will be unable to meet the expectations set forth at ipo. But the current price only makes sense to me if people still believe their chip not only exists, but will start hashing fairly soon with a relatively small risk  this is going absolutely nowhere. IOW, Im amazed its holding up so well and equally amazed how most of you seem to think this price is low. Facebook value dropped about as much after the IPO, no one thought FB was a scam.

At the time of IPO, we were even further from the chips. If not the btct closing, I don't see anything worse now than the time of IPO except their poor PR communication.

[kingcrimson]

I think .0001 is too low to ever happen. I would probably grab a million shares if it hit that low.

[Zakryze]

We are hiring! If you are skilled in IC design / HDL optimization, shoot us your CV at info@labcoin.com

Note: All images displayed may be subject to significant changes.

huehuehue.

[BitCsByBit]

We are hiring! If you are skilled in IC design / HDL optimization, shoot us your CV at info@labcoin.com

Note: All images displayed may be subject to significant changes.

huehuehue.

That was there since July.

[cw92]

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

And has anyone been in contact with him? I could make an IPO and list Bill Gates as chairman.

As for the current share price, I have to say, if anything its still rather high. Am I wrong saying it IPO'd at 0.001 and its now still about half of that?

If even labcoin is legit, its clear they will be unable to meet the expectations set forth at ipo. But the current price only makes sense to me if people still believe their chip not only exists, but will start hashing fairly soon with a relatively small risk  this is going absolutely nowhere. IOW, Im amazed its holding up so well and equally amazed how most of you seem to think this price is low. Facebook value dropped about as much after the IPO, no one thought FB was a scam.

At the time of IPO, we were even further from the chips. If not the btct closing, I don't see anything worse now than the time of IPO except their poor PR communication.

If don't see anything worse now than at the time of the IPO you should probably try looking.  The company has failed to deliver on any of its claims.  Currently, there are two likely possibilities: 1) LC did actually receive their first batch of chips, their performance is about 10% of the rate LC advertised, and there are additional technical issues with the chips that prevent them from hashing steadily.  

2) LC is a total scam, rather than just a completely incompetent company.  

[JimiQ84]

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

And has anyone been in contact with him? I could make an IPO and list Bill Gates as chairman.

As for the current share price, I have to say, if anything its still rather high. Am I wrong saying it IPO'd at 0.001 and its now still about half of that?

If even labcoin is legit, its clear they will be unable to meet the expectations set forth at ipo. But the current price only makes sense to me if people still believe their chip not only exists, but will start hashing fairly soon with a relatively small risk  this is going absolutely nowhere. IOW, Im amazed its holding up so well and equally amazed how most of you seem to think this price is low. Facebook value dropped about as much after the IPO, no one thought FB was a scam.

At the time of IPO, we were even further from the chips. If not the btct closing, I don't see anything worse now than the time of IPO except their poor PR communication.

If don't see anything worse now than at the time of the IPO you should probably try looking.  The company has failed to deliver on any of its claims.  Currently, there are two likely possibilities: 1) LC did actually receive their first batch of chips, their performance is about 10% of the rate LC advertised, and there are additional technical issues with the chips that prevent them from hashing steadily.  

2) LC is a total scam, rather than just a completely incompetent company.  

3) LC is completely incompetent scam

[BitThink]

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

And has anyone been in contact with him? I could make an IPO and list Bill Gates as chairman.

As for the current share price, I have to say, if anything its still rather high. Am I wrong saying it IPO'd at 0.001 and its now still about half of that?

If even labcoin is legit, its clear they will be unable to meet the expectations set forth at ipo. But the current price only makes sense to me if people still believe their chip not only exists, but will start hashing fairly soon with a relatively small risk  this is going absolutely nowhere. IOW, Im amazed its holding up so well and equally amazed how most of you seem to think this price is low. Facebook value dropped about as much after the IPO, no one thought FB was a scam.

At the time of IPO, we were even further from the chips. If not the btct closing, I don't see anything worse now than the time of IPO except their poor PR communication.

If don't see anything worse now than at the time of the IPO you should probably try looking.  The company has failed to deliver on any of its claims.  Currently, there are two likely possibilities: 1) LC did actually receive their first batch of chips, their performance is about 10% of the rate LC advertised, and there are additional technical issues with the chips that prevent them from hashing steadily.  

2) LC is a total scam, rather than just a completely incompetent company.  

Yes, their first batch of chips did not work well. According to the irc chat of theSeven, however, the first batch was actually build by sneaking to the small university fab. It is possible the problem was caused by the poor product quality there. They are waiting for their second batch, and I guess they are still on the way.

[Puppet]

3) LC is completely incompetent scam

They raised 10K BTC didnt they? And we dont have a frigging idea who is really behind it. That would qualify as a successful scam to me.

[abuelau]

Yes, what you said make sense. However, one thing is that this IPO has a company and a CEO, with his name listed.

And has anyone been in contact with him? I could make an IPO and list Bill Gates as chairman.

As for the current share price, I have to say, if anything its still rather high. Am I wrong saying it IPO'd at 0.001 and its now still about half of that?

If even labcoin is legit, its clear they will be unable to meet the expectations set forth at ipo. But the current price only makes sense to me if people still believe their chip not only exists, but will start hashing fairly soon with a relatively small risk  this is going absolutely nowhere. IOW, Im amazed its holding up so well and equally amazed how most of you seem to think this price is low. Facebook value dropped about as much after the IPO, no one thought FB was a scam.

At the time of IPO, we were even further from the chips. If not the btct closing, I don't see anything worse now than the time of IPO except their poor PR communication.

If don't see anything worse now than at the time of the IPO you should probably try looking.  The company has failed to deliver on any of its claims.  Currently, there are two likely possibilities: 1) LC did actually receive their first batch of chips, their performance is about 10% of the rate LC advertised, and there are additional technical issues with the chips that prevent them from hashing steadily.  

2) LC is a total scam, rather than just a completely incompetent company.  

Yes, their first batch of chips did not work well. According to the irc chat of theSeven, however, the first batch was actually build by sneaking to the small university fab. It is possible the problem was caused by the poor product quality there. They are waiting for their second batch, and I guess they are still on the way.

So why don't they come here and say that? Why do they make us find TheSeven in an IRC chat?

[BitThink]

One thing is that they keep saying the 20TH will be online in the early October. I don't think lying about this does any good to them. Most likely they just have some problem in assembling and deploying.

[BitCsByBit]

3) LC is completely incompetent scam

They raised 10K BTC didnt they? And we dont have a frigging idea who is really behind it. That would qualify as a successful scam to me.

They raised 7K BTC, but that was for their 65nm chip.

They funded the 130nm chip.