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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042150 times)
drawingthesun
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September 27, 2013, 08:51:22 AM
 #15001

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09:43 (S) 10000 @ 0.00024020 LABCOIN

Cheap shares tm
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abuelau
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September 27, 2013, 08:54:01 AM
 #15002

Where's Labcoin? Where's TheSwede?!?
If you think there's still chance, now it's the great chance to increase your shares.

Already did

Know what's happening in cryptoworld: www.coinschedule.com
physalis
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September 27, 2013, 08:54:52 AM
 #15003

Where's Labcoin? Where's TheSwede?!?

Labcoin is TheSwede. He is rich now, probably counting his money with a smug grin on his face. He should be in jail, but he'll probably just get away with it.

You probably still won't believe that this is, and always has been, a complete scam, but there you go, I'll say it again. Maybe after seeing how everything here played out and how long I and the others have been warning you guys, maybe now you'll attribute a little more attention to my opinion.
drawingthesun
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September 27, 2013, 08:54:57 AM
 #15004

Already did

Good! You are making use of Cheap shares tm
ronaldlee0917
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September 27, 2013, 08:55:06 AM
 #15005

Only 94.27436235 BTC of bids left!!!!!
Last chance to pass your bags to the ultimate bagholders!!
Better to take a large loss like a man than being left empty-pocketed.

Donation:    18zXsfnSvGjQFJ6pEiKMg2uWGcxUCfJLzu
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Zubilica
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September 27, 2013, 08:55:15 AM
 #15006

One share disappear 9999999 remainning

matt4054
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September 27, 2013, 08:55:18 AM
 #15007

Buying at 0.00025 is still risky, but it offers a last chance exit to long term holders, unfortunately at a huge cost. After all, the panic doesn't seem to be over so we may see it even down to 0.000080-120 soon, hopefully 0.0001 is sustainable psychologically.

Too bad Labcoin weren't able to solve their technical & PR issues in time, it could have been a nice venture.
drawingthesun
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September 27, 2013, 08:57:33 AM
 #15008

One share disappear 9999999 remainning

I never realised they were going to do the official buyback policy at this price. I thought they would at least wait until 0.0001

BitThink
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September 27, 2013, 08:58:09 AM
 #15009

Only 94.27436235 BTC of bids left!!!!!
Last chance to pass your bags to the ultimate bagholders!!
Better to take a large loss like a man than being left empty-pocketed.
I guess all investors here are prepared to lose all the money invested on this stock. So what's the difference to selling now compared with just let it becomes 0 but with a slight hope to win?
drawingthesun
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September 27, 2013, 09:02:42 AM
 #15010

Only 94.27436235 BTC of bids left!!!!!
Last chance to pass your bags to the ultimate bagholders!!
Better to take a large loss like a man than being left empty-pocketed.
I guess all investors here are prepared to lose all the money invested on this stock. So what's the difference to selling now compared with just let it becomes 0 but with a slight hope to win?

To anyone still holding and thinking about taking the train to 0. If you sell now you are looking at perhaps 5x - 10x loss on your bitcoins. However in 2 years bitcoin might be worth 10x so you can still get back to your previous fiat level by selling now and holding the bitcoins themselves as an investment.

Of course getting the bitcoin value back...

No chance. (try another stock perhaps?)
matt4054
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September 27, 2013, 09:03:26 AM
 #15011

I guess all investors here are prepared to lose all the money invested on this stock

That wasn't their intention when they bought much higher, IMHO.

Get out while it's still worth 0.0001+, I can't only stress it enough.

This whole story is a joke no longer funny.
BitThink
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September 27, 2013, 09:06:11 AM
 #15012

Only 94.27436235 BTC of bids left!!!!!
Last chance to pass your bags to the ultimate bagholders!!
Better to take a large loss like a man than being left empty-pocketed.
I guess all investors here are prepared to lose all the money invested on this stock. So what's the difference to selling now compared with just let it becomes 0 but with a slight hope to win?

To anyone still holding and thinking about taking the train to 0. If you sell now you are looking at perhaps 5x - 10x loss on your bitcoins. However in 2 years bitcoin might be worth 10x so you can still get back to your previous fiat level by selling now and holding the bitcoins themselves as an investment.

Of course getting the bitcoin value back...

No chance. (try another stock perhaps?)
I don't believe people will spend all their BTC on this stock. Even it goes to 0, there's other chance to get them back.

But all these only applies to those who think there's still a tiny chance. If you don't believe at all, then yes it seems now it's the only chance to get some tiny part of invest back.

But remember, if 2TH justifies 0.002, then now 300GH at least justifies 0.0003.
HorseRider
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September 27, 2013, 09:08:02 AM
 #15013

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.

no, there could be no small "fab", if it is a fab.

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Vigil
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September 27, 2013, 09:21:26 AM
 #15014

Still no word from these guys? Are they going to transfer your shares?
Puppet
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September 27, 2013, 09:22:21 AM
 #15015

no, there could be no small "fab", if it is a fab.

Actually, this part Im willing to believe. Universities can have research fabs. They are not big, dont have large capacity but can produce chips in limited quantities using usually old/obsolete technology. The Howard Wang story producing some 180nm chips at his university is actually quite credible.

Whats less credible is that prior to IPO that was somehow changed to 130nm with 20x better specs while maintaining the same time table.

What entirely not credible is that a 65nm chip could be developed in any reasonable amount of time with the money they raised.


My guess is that Howard Wang really exists, really worked on a 180nm chip. Found some people to help monetize this. Once they realized that a 180nm chip with those specs, even if it worked, wouldnt exactly be a gold mine that would attract enough capital, theswede started making up stuff to make this venture look potentially lucrative.
cw92
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September 27, 2013, 09:23:56 AM
 #15016

Only 94.27436235 BTC of bids left!!!!!
Last chance to pass your bags to the ultimate bagholders!!
Better to take a large loss like a man than being left empty-pocketed.
I guess all investors here are prepared to lose all the money invested on this stock. So what's the difference to selling now compared with just let it becomes 0 but with a slight hope to win?

To anyone still holding and thinking about taking the train to 0. If you sell now you are looking at perhaps 5x - 10x loss on your bitcoins. However in 2 years bitcoin might be worth 10x so you can still get back to your previous fiat level by selling now and holding the bitcoins themselves as an investment.

Of course getting the bitcoin value back...

No chance. (try another stock perhaps?)
I don't believe people will spend all their BTC on this stock. Even it goes to 0, there's other chance to get them back.

But all these only applies to those who think there's still a tiny chance. If you don't believe at all, then yes it seems now it's the only chance to get some tiny part of invest back.

But remember, if 2TH justifies 0.002, then now 300GH at least justifies 0.0003.

If LC immediately started hashing at 2TH (which obviously is not going to happen), a price of .002 would yield 12% annual returns with no difficulty increases.  Those returns aren't nearly adequate given the level of risk, and the difficulty will probably double before LC gets any more hardware hashing (if they ever do).  So basically, 2TH doesn't justify anywhere near .002.  
GreekGeek
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September 27, 2013, 09:26:20 AM
 #15017


If LC immediately started hashing at 2TH (which obviously is not going to happen), a price of .002 would yield 12% annual returns with no difficulty increases.  Those returns aren't nearly adequate given the level of risk, and the difficulty will probably double before LC gets any more hardware hashing (if they ever do).  So basically, 2TH doesn't justify anywhere near .002.  

+1

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BitCsByBit
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September 27, 2013, 09:29:10 AM
 #15018


If LC immediately started hashing at 2TH (which obviously is not going to happen), a price of .002 would yield 12% annual returns with no difficulty increases.  Those returns aren't nearly adequate given the level of risk, and the difficulty will probably double before LC gets any more hardware hashing (if they ever do).  So basically, 2TH doesn't justify anywhere near .002.  

+1

But the price now is 0.0002 BTC. There is an extra "0"   Grin

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cw92
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September 27, 2013, 09:31:49 AM
 #15019


If LC immediately started hashing at 2TH (which obviously is not going to happen), a price of .002 would yield 12% annual returns with no difficulty increases.  Those returns aren't nearly adequate given the level of risk, and the difficulty will probably double before LC gets any more hardware hashing (if they ever do).  So basically, 2TH doesn't justify anywhere near .002.  

+1

But the price now is 0.0002 BTC. There is an extra "0"   Grin

But Labcoin is not hashing at 2,000GH/s.  It is missing a "0". 
abuelau
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September 27, 2013, 09:36:13 AM
 #15020

Where's Labcoin? Where's TheSwede?!?

Know what's happening in cryptoworld: www.coinschedule.com
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