Bitcoin Forum
December 12, 2017, 06:20:27 PM *
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 ... 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 [752] 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 ... 914 »
  Print  
Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058170 times)
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 09:42:47 AM
 #15021

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.  

Yes, you are right. But what I mean is their 2TH became 300GH, then it's likely their 20TH also becomes 3TH. That's the reason I say the value could be still above 0.0003. Actually, if we really see 2TH before the bctc closure, the price will be way above 0.002.
1513102827
Hero Member
*
Offline Offline

Posts: 1513102827

View Profile Personal Message (Offline)

Ignore
1513102827
Reply with quote  #2

1513102827
Report to moderator
1513102827
Hero Member
*
Offline Offline

Posts: 1513102827

View Profile Personal Message (Offline)

Ignore
1513102827
Reply with quote  #2

1513102827
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 09:47:14 AM
 #15022

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.

To expand on my hypothesis; we know the "itec pro" company was founded by Fabrizio Tatti in February. The goal of this company as stated on linkedin is online sales of chinese smartphones and tablets. But soon after Fabrizzio joined Oppo, a Chinese handset manufacturer, its very unlikely they would have allowed him to continue his online shop. Hence the website is defunct, and the company became inactive, if it ever was active.

Howard Wang, "sam" or theswede know Fabrizzio and offered to use his idle shelf company for their bitcoin project in return for some of the profit. Fabrizzio may not know the first thing about bitcoins, but had nothing to lose, so agreed. He is not involved in the activities (in so far there any) of labcoin in any way shape or form. Small wonder he never communicates about it and doesnt even seem to have a forum account here.

Its all conjecture, but it does make a credible story IMO.
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 09:52:11 AM
 #15023

Of course, if they were lying about the 100000 chips order, then the share is nothing unless there's a refund (since they have not spent the money). In that case, I believe they will certainly be sued. If the sue is successful, maybe we can get better than 0.0003 per share.
abuelau
Hero Member
*****
Offline Offline

Activity: 686


www.coinschedule.com


View Profile
September 27, 2013, 09:54:16 AM
 #15024

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.

To expand on my hypothesis; we know the "itec pro" company was founded by Fabrizio Tatti in February. The goal of this company as stated on linkedin is online sales of chinese smartphones and tablets. But soon after Fabrizzio joined Oppo, a Chinese handset manufacturer, its very unlikely they would have allowed him to continue his online shop. Hence the website is defunct, and the company became inactive, if it ever was active.

Howard Wang, "sam" or theswede know Fabrizzio and offered to use his idle shelf company for their bitcoin project in return for some of the profit. Fabrizzio may not know the first thing about bitcoins, but had nothing to lose, so agreed. He is not involved in the activities (in so far there any) of labcoin in any way shape or form. Small wonder he never communicates about it and doesnt even seem to have a forum account here.

Its all conjecture, but it does make a credible story IMO.

If you are an engineer and you sign the quality certificate of a building that later collapses killing dozens of people.. guess what? YOU go to jail.

Fabrizio may be an innocent poor little guy.. but this mess is under his name!!!!

Know what's happening in cryptoworld: www.coinschedule.com
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 27, 2013, 09:54:28 AM
 #15025

Anyone still holding that wants out? Tons of bids in the 0,0002 range.  Now's your chance!
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 09:56:15 AM
 #15026

Fabrizio may be an innocent poor little guy.. but this mess is under his name!!!!

Is it? Theswede used his name and his company name, but can you prove Fabrizzio was in any way involved? Did he sign anything? Say anything? Has anyone been in contact with him?
abuelau
Hero Member
*****
Offline Offline

Activity: 686


www.coinschedule.com


View Profile
September 27, 2013, 09:57:44 AM
 #15027

Fabrizio may be an innocent poor little guy.. but this mess is under his name!!!!

Is it? Theswede used his name and his company name, but can you prove Fabrizzio was in any way involved? Did he sign anything?


Someone spoke to him apparently in the early days and he said he "signed some documents" but wasn't really involved with the operation.

This is hidden somewhere in the last 800 or so pages.

Know what's happening in cryptoworld: www.coinschedule.com
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 09:58:18 AM
 #15028

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.

To expand on my hypothesis; we know the "itec pro" company was founded by Fabrizio Tatti in February. The goal of this company as stated on linkedin is online sales of chinese smartphones and tablets. But soon after Fabrizzio joined Oppo, a Chinese handset manufacturer, its very unlikely they would have allowed him to continue his online shop. Hence the website is defunct, and the company became inactive, if it ever was active.

Howard Wang, "sam" or theswede know Fabrizzio and offered to use his idle shelf company for their bitcoin project in return for some of the profit. Fabrizzio may not know the first thing about bitcoins, but had nothing to lose, so agreed. He is not involved in the activities (in so far there any) of labcoin in any way shape or form. Small wonder he never communicates about it and doesnt even seem to have a forum account here.

Its all conjecture, but it does make a credible story IMO.

Yes, you conjecture make sense. As long as the Fabrizzio does not flee to somewhere cannot be found, we can certainly find out Samul Noi and other guys. The Howard Wang is even easier to found since he is in ITU now.
BitCsByBit
Sr. Member
****
Offline Offline

Activity: 252


View Profile
September 27, 2013, 09:59:18 AM
 #15029

Anyone still holding that wants out? Tons of bids in the 0,0002 range.  Now's your chance!

Yeah, there is a lot of support between 0.0001 and 0.0002

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 09:59:59 AM
 #15030

Fabrizio may be an innocent poor little guy.. but this mess is under his name!!!!

Is it? Theswede used his name and his company name, but can you prove Fabrizzio was in any way involved? Did he sign anything?


Someone spoke to him apparently in the early days and he said he "signed some documents" but wasn't really involved with the operation.

This is hidden somewhere in the last 800 or so pages.

Yes, he said his company has many projects and he is working on other projects. Samul Noi is the leader of labcoin project. He knows nothing more than he signed a contact for 1 test chip.
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 10:01:13 AM
 #15031

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.

To expand on my hypothesis; we know the "itec pro" company was founded by Fabrizio Tatti in February. The goal of this company as stated on linkedin is online sales of chinese smartphones and tablets. But soon after Fabrizzio joined Oppo, a Chinese handset manufacturer, its very unlikely they would have allowed him to continue his online shop. Hence the website is defunct, and the company became inactive, if it ever was active.

Howard Wang, "sam" or theswede know Fabrizzio and offered to use his idle shelf company for their bitcoin project in return for some of the profit. Fabrizzio may not know the first thing about bitcoins, but had nothing to lose, so agreed. He is not involved in the activities (in so far there any) of labcoin in any way shape or form. Small wonder he never communicates about it and doesnt even seem to have a forum account here.

Its all conjecture, but it does make a credible story IMO.

If you are an engineer and you sign the quality certificate of a building that later collapses killing dozens of people.. guess what? YOU go to jail.

Fabrizio may be an innocent poor little guy.. but this mess is under his name!!!!
He is not innocent, since he knows the labcoin project belongs to his company and he even signed at least one document.
Sou
Full Member
***
Offline Offline

Activity: 210


(Bitcoin related text here)


View Profile
September 27, 2013, 10:01:59 AM
 #15032

I would actually advice Bitfunder not to accept LC on their exchange unless they can somehow prove their legitimacy. If* Labcoin is a scam it could taint every other asset on the exchange. Unfortunately, when infection sets in a wound the best option is to sever the limp before it poisons the blood for the rest of the body.  
alexius89
Hero Member
*****
Offline Offline

Activity: 709


Gridcoin Foundation


View Profile WWW
September 27, 2013, 10:05:10 AM
 #15033

If this is really a scam...does it make sense to contact an international law firm to get help for investors?

We have a lot of contact informations  about samuel noi,  fabrizio Tatti and Howard Wang and "theSwede"

Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 10:06:49 AM
 #15034

Someone spoke to him apparently in the early days and he said he "signed some documents" but wasn't really involved with the operation.

This is hidden somewhere in the last 800 or so pages.

Without knowing what he signed, its kind of hard to prove he is complicit or liable. But if at least he is aware of "labcoin" then he should be able to point to the right people.

Personally I wouldnt waste my time finding a possibly imagined chinese from ghana ("sam"),  Id focus on theswede first. He is (I think?) in the US, legally liable for facilitating and promoting public sales of unregistered securities and should know the identity of the other people behind labcoin if there is anyone else behind it.

Maybe this is a start:
http://www.mingles.com/theswede75/

and this:
https://twitter.com/TheSwede75
(Andrew James @TheSwede75 born in MN, live in the OC and married to Kristi. Long Beach, CA)

BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 10:08:58 AM
 #15035

Someone spoke to him apparently in the early days and he said he "signed some documents" but wasn't really involved with the operation.

This is hidden somewhere in the last 800 or so pages.

Without knowing what he signed, its kind of hard to prove he is complicit or liable. But if at least he is aware of "labcoin" then he should be able to point to the right people.

Personally I wouldnt waste my time finding a possibly imagined chinese from ghana ("sam"),  Id focus on theswede first. He is (I think?) in the US, legally liable for facilitating and promoting public sales of unregistered securities and should know the identity of the other people behind labcoin if there is anyone else behind it.

Maybe this is a start:
http://www.mingles.com/theswede75/

and this:
https://twitter.com/TheSwede75
(Andrew James @TheSwede75 born in MN, live in the OC and married to Kristi. Long Beach, CA)



If we could find out which fab produced the first batch, it is not so difficult to find the document he signed.
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 10:12:18 AM
 #15036

Someone spoke to him apparently in the early days and he said he "signed some documents" but wasn't really involved with the operation.

This is hidden somewhere in the last 800 or so pages.

Without knowing what he signed, its kind of hard to prove he is complicit or liable. But if at least he is aware of "labcoin" then he should be able to point to the right people.

Personally I wouldnt waste my time finding a possibly imagined chinese from ghana ("sam"),  Id focus on theswede first. He is (I think?) in the US, legally liable for facilitating and promoting public sales of unregistered securities and should know the identity of the other people behind labcoin if there is anyone else behind it.

Maybe this is a start:
http://www.mingles.com/theswede75/

and this:
https://twitter.com/TheSwede75
(Andrew James @TheSwede75 born in MN, live in the OC and married to Kristi. Long Beach, CA)



Maybe we can ask burnside whether he has more information about TheSwede75 and labcoin. At least something like IP and email address.
I guess burnside will help us since if this thing turns out to be a scam it will make his situation worse.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 10:13:28 AM
 #15037

If we could find out which fab produced the first batch, it is not so difficult to find the document he signed.

Even if Fabrizio's company placed an order somewhere, what exactly does that prove? How do you prove it has anything to do with this labcoin "IPO"?

Just follow the money. "sam" got it, I dont think he exists, but theswede should know and you can point a legal gun to theswedes forehead because even being "just a spokesperson" makes him just as liable as labcoin under the securities act. IM pretty sure thats where theswede fucked up, and intended to hide behind "I am just a spokesperson" defense, and blaming the non existent sam. He didnt read the act well enough.
BitThink
Legendary
*
Offline Offline

Activity: 882



View Profile
September 27, 2013, 10:15:13 AM
 #15038

If we could find out which fab produced the first batch, it is not so difficult to find the document he signed.

Even if Fabrizio's company placed an order somewhere, what exactly does that prove? How do you prove it has anything to do with this labcoin "IPO"?
Just follow the money. "sam" got it, I dont think he exists, but theswede should know and you can point a legal gun to theswedes forehead because he is just as liable as labcoin under the securities act.
There's another woman, and her husband, who have contacted with theSeven with skype.
Sou
Full Member
***
Offline Offline

Activity: 210


(Bitcoin related text here)


View Profile
September 27, 2013, 10:19:33 AM
 #15039

Wild chaos theory:

Burnside shuts down btct after receiving information that Labcoin is indeed a scam. In an attempt to distance himself from the situation (and improve his legal defense) he shuts down btct after finding out.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 10:21:18 AM
 #15040

Wild chaos theory:

Burnside shuts down btct after receiving information that Labcoin is indeed a scam. In an attempt to distance himself from the situation (and improve his legal defense) he shuts down btct after finding out.

UNlikely. Whether or not labcoin is a scam changes almost nothing about his liability. Its illegal to sell these shares, even if labcoin were a real enterprise.
Pages: « 1 ... 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 [752] 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 ... 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!