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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1079195 times)
kingcrimson
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September 29, 2013, 04:22:52 AM
 #15741

The other question is, why would they sell 1 million shares, at these prices?

If they are so certain they will be hashing in October, those shares would be worth exponentially more if they just waited two weeks.

If they needed funds to pay staff, that means the entire 7000 btc pool was spent.

Lose-lose situation
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gramma
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September 29, 2013, 04:23:29 AM
 #15742

Haha, this is so funny, I'm going to buy some more shares just for the thrill.

I have a single share of Labcoin "for the lulz"

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
JohnyBigs
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September 29, 2013, 04:26:21 AM
 #15743

Lets sum up Labcoin.

Run by a dumb Italian Bitch, literally Bitch as in female, who hired everyone from Odesk.

GG WP Labcoin
kingcrimson
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September 29, 2013, 04:28:29 AM
 #15744

Look at this scam:

https://www.odesk.com/o/jobs/job/_~~0004f9d9a9eea142/

The Location was posted as Italy, so for Tatti to claim he has no knowledge of Labcoin, is complete BS, this thing was posted Aug 2012.

Fishy Fishy like everything Labcoin related

Sam was supposed to be in China. Why would he be named 'Sam' anyway, it is a western name.

And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.

I really think that Sam = Alberto/Alessia
redbeans2012
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September 29, 2013, 04:30:04 AM
 #15745

Look at this scam:

https://www.odesk.com/o/jobs/job/_~~0004f9d9a9eea142/

The Location was posted as Italy, so for Tatti to claim he has no knowledge of Labcoin, is complete BS, this thing was posted Aug 2012.

Fishy Fishy like everything Labcoin related

Sam was supposed to be in China. Why would he be named 'Sam' anyway, it is a western name.

And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.

I really think that Sam = Alberto/Alessia

Yes this is pretty certain.  Fabreezio also knows alot more about this company than he leads us to believe.
RoboCoder
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September 29, 2013, 04:31:09 AM
 #15746

Is TheSwede still involved with this?
gramma
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September 29, 2013, 04:33:14 AM
 #15747

Lets sum up Labcoin.

Run by a dumb Italian Bitch, literally Bitch as in female, who hired everyone from Odesk...

Sort of.  Here's their oDesk  profile:

Quote
About the Client

labcoin
Italy (UTC+01)
Member Since May 14 2011
ASIC/Integrated circuit development

Custom ASIC/Integrated circuit development
Total Spent    $0
Hours Billed   0
Jobs Posted   10
Hires   0
Open Jobs   1
Current Team Size

Love the "Current Team Size"
Posted 10 jobs, executed on none of them, since May 2011...

Their open job is from 2012, for a lottery site. https://www.odesk.com/o/jobs/job/_~~0004f9d9a9eea142/

They ooze credibility. Or they just ooze.

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
VolanicEruptor
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September 29, 2013, 04:42:34 AM
 #15748

Haha, this is so funny, I'm going to buy some more shares just for the thrill.

I have a single share of Labcoin "for the lulz"

Congratulations on your investment. 

gramma
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September 29, 2013, 04:48:17 AM
 #15749

Haha, this is so funny, I'm going to buy some more shares just for the thrill.

I have a single share of Labcoin "for the lulz"

Congratulations on your investment. 

Thanks.  I used to have more, but more was less amusing.

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
gramma
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September 29, 2013, 04:50:28 AM
 #15750

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.

And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.

I really think that Sam = Alberto/Alessia

Yes, the grammar is not that of a native English speaker.  They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language.  Just a guess.

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
VolanicEruptor
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September 29, 2013, 04:53:25 AM
 #15751

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.

And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.

I really think that Sam = Alberto/Alessia

Yes, the grammar is not that of a native English speaker.  They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language.  Just a guess.

Ken Slaughter with Activemining has shitty grammar too, and he's been speaking english since day 1.
Some of us are just retarded...

redbeans2012
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September 29, 2013, 04:58:19 AM
 #15752

 Cheesy
I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

Are you actually going to show up this time? And not send an understudy of someone, who at this point doesn't even work for your 'company'.

And the Labcoin handle really does type in more of a European way... we have plenty of Chinese posters here and they all have a distinctly different way of typing.

I really think that Sam = Alberto/Alessia

Yes, the grammar is not that of a native English speaker.  They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language.  Just a guess.

Ken Slaughter with Activemining has shitty grammar too, and he's been speaking english since day 1.
Some of us are just retarded...
gramma
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September 29, 2013, 05:01:14 AM
 #15753


Yes, the grammar is not that of a native English speaker.  They promise to post the "informations", to " give here notice of the starting time", to "reply all questions". Kind of like someone doing an internal translation from a Romance language.  Just a guess.

Ken Slaughter with Activemining has shitty grammar too, and he's been speaking english since day 1.
Some of us are just retarded...

It's not that it's shitty grammar.  It's an interesting and consistent mangling of English grammar.  There's a difference.

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
superduh
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September 29, 2013, 05:07:15 AM
 #15754

no point to this thread until labcoin speaks up tomorrow. i don't understand why noone did any research BEFORE giving them money. strange.
then again there were unknown people like friedcat who pulled through.

ok
Zubilica
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September 29, 2013, 05:12:28 AM
 #15755

what IRC channel will hold the "mob lynching" conference ?

dexX7
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September 29, 2013, 05:15:24 AM
 #15756

what IRC channel will hold the "mob lynching" conference ?

I didn't receive any answer from labcoin nor TheSwede75 yet.

By the way, I started a seperate thread to collect questions (if they are indeed doing a Q&A):

https://bitcointalk.org/index.php?topic=304365.0

ishkur
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September 29, 2013, 05:15:53 AM
 #15757

Is TheSwede still involved with this?

till he goes to jail
alphaking
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September 29, 2013, 05:19:49 AM
 #15758

Is TheSwede still involved with this?

till he goes to jail

goes to jail with labcoin
BitThink
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September 29, 2013, 05:21:42 AM
 #15759

Those who concluded this is a complete scam please explain how this scam works? Who not just go with $700k and run away, actually they could get double of that value then. Why waste so much time just for the rest 30%? I cannot understand the logic.

To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.  
dhenson
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September 29, 2013, 05:35:06 AM
 #15760

Those who concluded this is a complete scam please explain how this scam works? Who not just go with $700k and run away, actually they could get double of that value then. Why waste so much time just for the rest 30%? I cannot understand the logic.

To me this is just a poorly managed project. The whole team was heavily based on Howard Wang, who got an offer from US university and left just before they got chips. Howard is not just the key developer but also the access to university facility. Their replacement has did a very poor job and always gave a over optimistic estimation. Now they gave up and have decided to outsourced all the assembly and deploying.  

Read back a few pages.

1) The CEO claims no relation to Labcoin.
2) The chat log showing delaria recruiting an inventor (agath) and admitting to being Alissa Tatti (obvious relation to CEO that claims no involvement).
3) The connection between Alissa Tatti and a known bitcoin scammer
4) Labcoin account denying the involvement of the above people and claiming Alissa Tatti left the company shortly after recruiting people.
5) theSeven stating that he has had continued contact with Alissa (I believe he stated she was the primary contact but I'd have to go find that).

It is my opinion that Swede and theSeven are unwitting accomplices in this scam.  They were hired and believed this project was legit.

Sam has a lot of explaining to do if he is to convince me this isn't a scam.  Tomorrow should be interesting.
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