Bitcoin Forum
October 23, 2017, 04:28:15 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   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 ... 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] 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 ... 914 »
  Print  
Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1042213 times)
minerpart
Sr. Member
****
Offline Offline

Activity: 280

IIIIII====II====IIIIII


View Profile
September 27, 2013, 08:38:33 PM
 #15361

The Labcon:
1. Raise 7000 btc in IPO
2. raise expectations ("we're mining!", 500 TH)
3. under perform (theSwede making announcements of announcements, .75 TH after claiming 2 TH 2 weeks ago)
4. take .75 TH offline.
5. go silent
6. wait for the price to hit .00005, buy all your shares back for less than 1/10 the IPO price
7. Fly to Cayman Islands


Jesus that is one clever move. The SEC specialise in this sort of going on. Although they seem to have sold 1MILL of their shares haven't they? - so it kind of doesn't make sense. They must be bailing out completely and going straight to the Caymen Islands.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508732895
Hero Member
*
Offline Offline

Posts: 1508732895

View Profile Personal Message (Offline)

Ignore
1508732895
Reply with quote  #2

1508732895
Report to moderator
1508732895
Hero Member
*
Offline Offline

Posts: 1508732895

View Profile Personal Message (Offline)

Ignore
1508732895
Reply with quote  #2

1508732895
Report to moderator
moneymanagment
Member
**
Offline Offline

Activity: 90



View Profile
September 27, 2013, 08:41:07 PM
 #15362

Notice the 60 and 30 million buy orders at .0000001. huh who would do that?

MICROMONEYTOKEN CROWDSALE - 18TH of OCTOBER 2017
▐▬▬▬▬▬▬▬  MicroMoney for People & Big Data for Business  ▬▬▬▬▬▬▬▌
Facebook  |  Twitter  |  LinkedIn  |  Reddit  |  Medium  |  Telegram  |
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
September 27, 2013, 08:42:23 PM
 #15363

Notice the 60 and 30 million buy orders at .0000001. huh who would do that?

Someone who doesn't know how many shares there are?
moneymanagment
Member
**
Offline Offline

Activity: 90



View Profile
September 27, 2013, 08:43:42 PM
 #15364

No one can verify who runs this shit show. literally no proof of anyone. For all we know its LC  keeping the price from completely collapsing

MICROMONEYTOKEN CROWDSALE - 18TH of OCTOBER 2017
▐▬▬▬▬▬▬▬  MicroMoney for People & Big Data for Business  ▬▬▬▬▬▬▬▌
Facebook  |  Twitter  |  LinkedIn  |  Reddit  |  Medium  |  Telegram  |
moneymanagment
Member
**
Offline Offline

Activity: 90



View Profile
September 27, 2013, 08:44:13 PM
 #15365

Notice the 60 and 30 million buy orders at .0000001. huh who would do that?

Someone who doesn't know how many shares there are?
What ever you know what I mean 10,000,000 shares I understand

MICROMONEYTOKEN CROWDSALE - 18TH of OCTOBER 2017
▐▬▬▬▬▬▬▬  MicroMoney for People & Big Data for Business  ▬▬▬▬▬▬▬▌
Facebook  |  Twitter  |  LinkedIn  |  Reddit  |  Medium  |  Telegram  |
moneymanagment
Member
**
Offline Offline

Activity: 90



View Profile
September 27, 2013, 08:45:58 PM
 #15366

FUCK the SWEDE

MICROMONEYTOKEN CROWDSALE - 18TH of OCTOBER 2017
▐▬▬▬▬▬▬▬  MicroMoney for People & Big Data for Business  ▬▬▬▬▬▬▬▌
Facebook  |  Twitter  |  LinkedIn  |  Reddit  |  Medium  |  Telegram  |
Ytterbium
Full Member
***
Offline Offline

Activity: 238



View Profile WWW
September 27, 2013, 08:51:59 PM
 #15367

never urged anyone to buy shares, cry more, they can still hit 5BTC a share with hashing and hardware sales, if they actually deliver.

dude, I was there, don't act like it didn't happen.  We all remember.

They can NEVER hit 5 btc a share.  Ever.

show me your tears of rage
I can show you where I sold at .0038, and you held until .00038...


true. 5 btc a share would value their company at over 1 billions dollars. Just stupid to claim that

More importantly, it would make them worth 50 million bitcoins.  I think you can see the problem with that theory. The only way it could potentially happen is if they diversified into non-bitcoin related businesses and made a killing, like more then a couple billion dollars a year.

minerpart
Sr. Member
****
Offline Offline

Activity: 280

IIIIII====II====IIIIII


View Profile
September 27, 2013, 08:53:48 PM
 #15368

thats it, enough is enough,
I think we need to prepare outselves for the likely event that this is a scam, we need to collect information on labcoin  as we will probably need to contact the authorities on this matter, if we all contact them claiming our losses and the scamming nature of this business, we might be able to locate our money and get more than what we will have left by selling the stock at this price back, i have lost about 80 percent of my bitcoin from this stupid stock and have been given bullshit ambiguous answers by labcoinand even theswede who should be way more on top of things. and i'm sure alot of other investors are feeling the same thing

So we will need

The full names of those involved - which i think we have

The IP adress of the logins of Labcoin - which we should be able to get

The location - country and state of those individuals behind labcoin -

And a contact cumber for the authorities were those involved behind labcoin is located -

We can then make a seperate thread where we can all post our individual case numbers and make sure that we are all mutually updated
 

Excellent post actually. 80%, I feel for you but you are remaining positive which is all you can do.

The problem is, these people have weeks head start. The longer this illusion goes on the more they can cover their tracks. They are currently in exfil mode. They will be clearing out any premises they may have hired, litterally cleaning it of prints, selling any miners they bought to fix the Hashing scam side, converting tens of thousands of BTC into FIAT. This is what really takes the time, as does clearing it round many banks before making it untraceable/withdrawable by multiple 'agents'. Not a small scam so it needs time to unfold.

MikeyVeez
Full Member
***
Offline Offline

Activity: 196


View Profile
September 27, 2013, 08:55:18 PM
 #15369

thats it, enough is enough,
I think we need to prepare outselves for the likely event that this is a scam, we need to collect information on labcoin  as we will probably need to contact the authorities on this matter, if we all contact them claiming our losses and the scamming nature of this business, we might be able to locate our money and get more than what we will have left by selling the stock at this price back, i have lost about 80 percent of my bitcoin from this stupid stock and have been given bullshit ambiguous answers by labcoinand even theswede who should be way more on top of things. and i'm sure alot of other investors are feeling the same thing

So we will need

The full names of those involved - which i think we have

The IP adress of the logins of Labcoin - which we should be able to get

The location - country and state of those individuals behind labcoin -

And a contact cumber for the authorities were those involved behind labcoin is located -

We can then make a seperate thread where we can all post our individual case numbers and make sure that we are all mutually updated
 

Excellent post actually. 80%, I feel for you but you are remaining positive which is all you can do.

The problem is, these people have weeks head start. The longer this illusion goes on the more they can cover their tracks. They are currently in exfil mode. They will be clearing out any premises they may have hired, litterally cleaning it of prints, selling any miners they bought to fix the Hashing scam side, converting tens of thousands of BTC into FIAT. This is what really takes the time, as does clearing it round many banks before making it untraceable/withdrawable by multiple 'agents'. Not a small scam so it needs time to unfold.



And shit just got real for Labcoin, I hope tatti, his sister, swede, and sam are ready for some jail time.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 09:00:08 PM
 #15370

So we will need

The full names of those involved - which i think we have

The location - country and state of those individuals behind labcoin -

First of all, we dont have that info yet. AFAIK, we do not know who theswede is, nor is it clear who "samuel noi" is.

Secondly, why did you not think of asking these questions before investing?

FWIW, I dont think this is an outright scam, but if you give a million dollar to someone anonymous, it rarely ends well.
GreekGeek
Hero Member
*****
Offline Offline

Activity: 571


Jesus was a (Goddamn) hippy socialist


View Profile
September 27, 2013, 09:01:45 PM
 #15371

no one is going to jail
they will just the buy shares back below IPO and continue with the minning business,
remember they don't have to achive 50Th if they buy the shares for IPO/10

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
minerpart
Sr. Member
****
Offline Offline

Activity: 280

IIIIII====II====IIIIII


View Profile
September 27, 2013, 09:04:15 PM
 #15372

no one is going to jail
they will just the buy shares back below IPO and continue with the minning business,
remember they don't have to achive 50Th if they buy the shares for IPO/10


So why have they sold 1MILL shares if that's their plan? Totally the opposite behaviour.

Oh, and what mining business? Any proof yet?
GreekGeek
Hero Member
*****
Offline Offline

Activity: 571


Jesus was a (Goddamn) hippy socialist


View Profile
September 27, 2013, 09:09:17 PM
 #15373

no one is going to jail
they will just the buy shares back below IPO and continue with the minning business,
remember they don't have to achive 50Th if they buy the shares for IPO/10


So why have they sold 1MILL shares if that's their plan? Totally the opposite behaviour.

Oh, and what mining business? Any proof yet?

you don't get it
They sold 1M shares to make money (coins)
they will buy it back for a tenth (maybe less maybe more) of the IPO price, making loads of coins
then they will spend a fraction to buy some miners, to be legally protected
and claim they had problems in production and couldn't achieve the goals and deadlines

nothing illegal in that, is there?


edit: it's probably them buying right now @~(IPO/2)

 

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
auto2nr1
Sr. Member
****
Offline Offline

Activity: 350


View Profile
September 27, 2013, 09:11:08 PM
 #15374

Any ideas on where this new payment just came in from?

http://blockchain.info/tx/91692102235cc8d8379725476f3e578535a8f6636becfff1b4c1f360f612e39a
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
September 27, 2013, 09:15:04 PM
 #15375

no one is going to jail

Whether or not jail time is a risk, Issuing and selling unregistered securities and selling them publicly to unsophisticated investors is a fairly serious thing. As illustration:

A federal judge ruled that two Florida penny stock traders who issued unregistered shares of the defunct Universal Express must pay fines of $14 million and $5.3 million.
http://www.bizjournals.com/southflorida/news/2011/09/19/universal-express-penny-stock-traders.html

Whether or not they fix their asics wont change a thing about that. But of course its not only labcoin running that risk.
minerpart
Sr. Member
****
Offline Offline

Activity: 280

IIIIII====II====IIIIII


View Profile
September 27, 2013, 09:16:00 PM
 #15376

you don't get it
They sold 1M shares to make money (coins)
they will buy it back for a tenth (maybe less maybe more) of the IPO price, making loads of coins
then they will spend a fraction to buy some miners, to be legally protected
and claim they had problems in production and couldn't achieve the goals and deadlines

nothing illegal in that, is there?


 

Yes that is illegal. It goes against their IPO Stockholder contract. Those shares should not have been sold. If they are intending to buy back, then they have manipulated the market and broken the Shareholder bond both of which would be considered jail term behaviour. If you are happy for this company to manipulate the stock and wipe out 80% of it's shareholders money then you need to wake up and smell the coffee. This stock is certainly NOT going back to where it was.
KSGuy
Sr. Member
****
Offline Offline

Activity: 429



View Profile
September 27, 2013, 09:17:22 PM
 #15377

Funny thing; disabling my secondary monitor I can make a screenshot, of anything except the Chrome browser window. Its just not there.
But I managed to grab a screenshot using a chrome plugin. Not sure if it proves anything, but here you go:
http://imageshack.us/photo/my-images/809/ac9g.png/

Sorry, but that is as credible as this:



Good to see my image getting some use Cheesy
minerpart
Sr. Member
****
Offline Offline

Activity: 280

IIIIII====II====IIIIII


View Profile
September 27, 2013, 09:18:42 PM
 #15378


A federal judge ruled that two Florida penny stock traders who issued unregistered shares of the defunct Universal Express must pay fines of $14 million and $5.3 million.
http://www.bizjournals.com/southflorida/news/2011/09/19/universal-express-penny-stock-traders.html

Whether or not they fix their asics wont change a thing about that. But of course its not only labcoin running that risk.

Another excelent post tonight. So you are saying even if this company now start to Hash away as they promissed and meet their deadline the court cases launched by ripped off share holders/SEC investigation will see ALL of their balance sheet profit paid out in fines. So essentially this company can NEVER make a profit. If they do Hash the proceeds will be taken away in fines.

Good news for all. Read, and please TAKE NOTE.
GreekGeek
Hero Member
*****
Offline Offline

Activity: 571


Jesus was a (Goddamn) hippy socialist


View Profile
September 27, 2013, 09:19:01 PM
 #15379

you don't get it
They sold 1M shares to make money (coins)
they will buy it back for a tenth (maybe less maybe more) of the IPO price, making loads of coins
then they will spend a fraction to buy some miners, to be legally protected
and claim they had problems in production and couldn't achieve the goals and deadlines

nothing illegal in that, is there?


 

Yes that is illegal. It goes against their IPO Stockholder contract. Those shares should not have been sold. If they are intending to buy back, then they have manipulated the market and broken the Shareholder bond both of which would be considered jail term behaviour. If you are happy for this company to manipulate the stock and wipe out 80% of it's shareholders money then you need to wake up and smell the coffee. This stock is certainly NOT going back to where it was.

they don't have to sell their percentage of the shares, they just have to buy back the ones they gave through the IPO cheaper
what better way to achieve tthat than to give no updates

retirement fund : 1NBM5DM317RfWsHXKUfPUDtba2scavpPoB
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
September 27, 2013, 09:19:05 PM
 #15380

no one is going to jail

Whether or not jail time is a risk, Issuing and selling unregistered securities and selling them publicly to unsophisticated investors is a fairly serious thing. As illustration:

A federal judge ruled that two Florida penny stock traders who issued unregistered shares of the defunct Universal Express must pay fines of $14 million and $5.3 million.
http://www.bizjournals.com/southflorida/news/2011/09/19/universal-express-penny-stock-traders.html

Whether or not they fix their asics wont change a thing about that. But of course its not only labcoin running that risk.

jurisdictions. they matter and are freaking confusing to deal with regardless

ok
Pages: « 1 ... 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] 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 ... 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!