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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1058520 times)
KSGuy
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October 02, 2013, 04:28:35 PM
 #16841

Have we heard what will happen in 5 days when btct closes down???
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moribana
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October 02, 2013, 04:42:25 PM
 #16842

Have we heard what will happen in 5 days when btct closes down???

I assume that the closing down of btct give a good opportunity for labcoin to disappear without any trace. Time works for them...
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October 02, 2013, 04:57:43 PM
 #16843

Have we heard what will happen in 5 days when btct closes down???

I assume that the closing down of btct give a good opportunity for labcoin to disappear without any trace. Time works for them...

This is what's going to happen Cheesy

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MikeyVeez
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October 02, 2013, 05:47:40 PM
 #16844

You boys really need to calm down. Its been evidenced in a number of ways that this isn't a scam and that these people are basically having issues with the chips that weren't previously anticipated. So are a lot of asic mining companies. Harassing them online and acting like a virtual pitchfork mob isn't going to drive your stock price up. Why not consider actually offering some help or knowledge and see if they respond better than threats to have them arrested and stuck up the ass with a pike.

I agree, all of the Accusations ect. are helping no one, in fact this may cause a closure of Labcoin. If you think its a scam don't buy, its that simple.
You only have yourself to blame if you have lost money on this
Just a gentle reminder, it will be closed in 5 days. After then, no one could buy or sell their shares any more. Those still want to do flipping please be careful to not be the last one holding the shares.

yeah a few more days the exchange closes, the sell off is going to be huge lol

You forget that millions of shares were traded at these levels, peoplr who bought at .003 wont sell, but peoplr who bought at .0003 and .0002 will sell, and the cycle continues, with new buyers and sellers.

i don't think there's much to the bottom. doubt that people will be selling for 0 what's the point
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October 02, 2013, 05:51:19 PM
 #16845

Please disregard that last message. The committee organizers wish to meet to organize the committee before involving the team  so that they can get the committee set up first.

Ask Sam how that skype call is going with Ukyo

Also ask him why hasn't he done some of the simplest things we have asked from the q&a

Clearly he hasnt done any of those things because hes a scumbag who does nothing he says. He's kinda like a typical Italian, lazy, grimey, and shady.

Its funny I almost didnt invest in this when I saw an italian name on there, scam was the first gut feeling. Should of just stayed away.

Did the dividend get payed yet? Wait dont answer, propbably not.
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October 02, 2013, 05:56:18 PM
 #16846

In what world would you expect a company with a few hundred dollar in total revenue to date and looking at, at the very least  $100K's in expenses, to pay its shareholders a dividend?
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October 02, 2013, 06:25:46 PM
 #16847

I what world would you expect a company with a few hundred dollar in total revenue to date and looking at at the very least at $100K's in expenses, to pay its shareholders a dividend?

Because thats what the contract says....
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October 02, 2013, 07:16:17 PM
 #16848

I what world would you expect a company with a few hundred dollar in total revenue to date and looking at at the very least at $100K's in expenses, to pay its shareholders a dividend?

Because thats what the contract says....

I know. But its telling isnt it?
JoTheKhan
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October 02, 2013, 07:46:13 PM
 #16849

Not trying to spread FUD here at all.

But I think the last few pages of this thread are very deceiving to anyone who hasn't really kept up with what is going on. So active users can ignore this post  because I am starting to think half of you guys are delusional.

IF YOU WANT UP TO DATE INFORMATION PLEASE LOOK HERE: This company is a scam. The person running this company is scamming you. The person known as Sam is not real. He is using a fake identity that he either stole or made up. I am warning you, in 5 days if you have any stock in this company I seriously believe it will not exist anymore. Once BTCT is down this Labcoin Sam guy WILL run off with your money. The signs are all extremely obvious and clear. It seems people on this forum have become so delusional that they honestly think Sam is just really incompetent. This is not the case, he is scamming you.
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October 02, 2013, 07:48:41 PM
 #16850

Not trying to spread FUD here at all.

But I think the last few pages of this thread are very deceiving to anyone who hasn't really kept up with what is going on. So active users can ignore this post  because I am starting to think half of you guys are delusional.

IF YOU WANT UP TO DATE INFORMATION PLEASE LOOK HERE: This company is a scam. The person running this company is scamming you. The person known as Sam is not real. He is using a fake identity that he either stole or made up. I am warning you, in 5 days if you have any stock in this company I seriously believe it will not exist anymore. Once BTCT is down this Labcoin Sam guy WILL run off with your money. The signs are all extremely obvious and clear. It seems people on this forum have become so delusional that they honestly think Sam is just really incompetent. This is not the case, he is scamming you.

tl;dr - If you know what's actually going on here, please ignore. If you've been away for a bit scam scam scam, sell everything now and run around screaming ahhhhhh
bittymitty
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October 02, 2013, 07:59:19 PM
 #16851

Dont worry labcoin bag holders the FBI is watching....

http://www.businessinsider.com.au/they-are-watching-bitcoin-users-are-freaking-out-about-the-arrest-of-the-alleged-founder-of-silk-road-2013-10
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October 02, 2013, 08:03:50 PM
 #16852

Not trying to spread FUD here at all.

But I think the last few pages of this thread are very deceiving to anyone who hasn't really kept up with what is going on. So active users can ignore this post  because I am starting to think half of you guys are delusional.

IF YOU WANT UP TO DATE INFORMATION PLEASE LOOK HERE: This company is a scam. The person running this company is scamming you. The person known as Sam is not real. He is using a fake identity that he either stole or made up. I am warning you, in 5 days if you have any stock in this company I seriously believe it will not exist anymore. Once BTCT is down this Labcoin Sam guy WILL run off with your money. The signs are all extremely obvious and clear. It seems people on this forum have become so delusional that they honestly think Sam is just really incompetent. This is not the case, he is scamming you.

tl;dr - If you know what's actually going on here, please ignore. If you've been away for a bit scam scam scam, sell everything now and run around screaming ahhhhhh

2070 From what I've seen, you've been in the middle of this for the last 50+ pages, you don't think this is a scam at all? The person who you we're dealing with under the Company Labcoin claims to have never heard of it and has become extremely defensive (which I really don't blame at all. The defensive part). There is no verification of who is really running the company. The main guy who was behind the chip design for Labcoin isn't anymore (if he ever was). There is no proof that Sam exist. He has broken every promise he has made. Theres a list of about 8 thins that he needs to do (Most of them we're supposed to be done yesterday) and none have been done. The Q&A session has really given out no information. BTW did Sam say he was going to accept a board of shareholders? How do they plan to even contact him? He seems to come and go as he pleases and really only comes with excuses after you pry it out of him.

BTCT is going to be closing down extremely soon, idk if you shareholders are just trying to paint a facade so you can scam other people out of money or what. But this is definitely a scam.
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October 02, 2013, 08:11:31 PM
 #16853

Anyone interested in contributing to the committee/reps, join IRC now in #labcoin and pm me.

A Member of the LCSH
MikeyVeez
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October 02, 2013, 08:15:15 PM
 #16854

So where is the dividend scammer Sam? Ohh sorry I was to busy traveling around, I'll just miss the dividend deadline, well cause that's how we roll here at Labcoin.

Someone should of asked Sam, if he was mentally retarded, becuase a sane normal person would not behave the way he does, he might literally have a mental disorder, to make promises and deadlines and always miss them,  even childish little ones.
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October 02, 2013, 08:15:46 PM
 #16855

Not trying to spread FUD here at all.

But I think the last few pages of this thread are very deceiving to anyone who hasn't really kept up with what is going on. So active users can ignore this post  because I am starting to think half of you guys are delusional.

IF YOU WANT UP TO DATE INFORMATION PLEASE LOOK HERE: This company is a scam. The person running this company is scamming you. The person known as Sam is not real. He is using a fake identity that he either stole or made up. I am warning you, in 5 days if you have any stock in this company I seriously believe it will not exist anymore. Once BTCT is down this Labcoin Sam guy WILL run off with your money. The signs are all extremely obvious and clear. It seems people on this forum have become so delusional that they honestly think Sam is just really incompetent. This is not the case, he is scamming you.

tl;dr - If you know what's actually going on here, please ignore. If you've been away for a bit scam scam scam, sell everything now and run around screaming ahhhhhh

2070 From what I've seen, you've been in the middle of this for the last 50+ pages, you don't think this is a scam at all? The person who you we're dealing with under the Company Labcoin claims to have never heard of it and has become extremely defensive (which I really don't blame at all. The defensive part). There is no verification of who is really running the company. The main guy who was behind the chip design for Labcoin isn't anymore (if he ever was). There is no proof that Sam exist. He has broken every promise he has made. Theres a list of about 8 thins that he needs to do (Most of them we're supposed to be done yesterday) and none have been done. The Q&A session has really given out no information. BTW did Sam say he was going to accept a board of shareholders? How do they plan to even contact him? He seems to come and go as he pleases and really only comes with excuses after you pry it out of him.

BTCT is going to be closing down extremely soon, idk if you shareholders are just trying to paint a facade so you can scam other people out of money or what. But this is definitely a scam.

I'm not saying this is definitely not a scam, it just hasn't been proven conclusively one way or another. I just thought that it was a bit irresponsible of you to specifically target anyone that has been away from the thread for a while and tell them that this is conclusively a scam. I'm assuming that, since you think this is 100% a scam, you don't own any shares or have any open bids?
MikeyVeez
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October 02, 2013, 08:21:26 PM
 #16856

Anyone interested in contributing to the committee/reps, join IRC now in #labcoin and pm me.

No because it's dumb.  Sam can't even keep a promise of posting something, and communicating with the swede, you think hes going to collaborate with a board.
JoTheKhan
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October 02, 2013, 08:27:53 PM
 #16857

Not trying to spread FUD here at all.

But I think the last few pages of this thread are very deceiving to anyone who hasn't really kept up with what is going on. So active users can ignore this post  because I am starting to think half of you guys are delusional.

IF YOU WANT UP TO DATE INFORMATION PLEASE LOOK HERE: This company is a scam. The person running this company is scamming you. The person known as Sam is not real. He is using a fake identity that he either stole or made up. I am warning you, in 5 days if you have any stock in this company I seriously believe it will not exist anymore. Once BTCT is down this Labcoin Sam guy WILL run off with your money. The signs are all extremely obvious and clear. It seems people on this forum have become so delusional that they honestly think Sam is just really incompetent. This is not the case, he is scamming you.

tl;dr - If you know what's actually going on here, please ignore. If you've been away for a bit scam scam scam, sell everything now and run around screaming ahhhhhh

2070 From what I've seen, you've been in the middle of this for the last 50+ pages, you don't think this is a scam at all? The person who you we're dealing with under the Company Labcoin claims to have never heard of it and has become extremely defensive (which I really don't blame at all. The defensive part). There is no verification of who is really running the company. The main guy who was behind the chip design for Labcoin isn't anymore (if he ever was). There is no proof that Sam exist. He has broken every promise he has made. Theres a list of about 8 thins that he needs to do (Most of them we're supposed to be done yesterday) and none have been done. The Q&A session has really given out no information. BTW did Sam say he was going to accept a board of shareholders? How do they plan to even contact him? He seems to come and go as he pleases and really only comes with excuses after you pry it out of him.

BTCT is going to be closing down extremely soon, idk if you shareholders are just trying to paint a facade so you can scam other people out of money or what. But this is definitely a scam.

I'm not saying this is definitely not a scam, it just hasn't been proven conclusively one way or another. I just thought that it was a bit irresponsible of you to specifically target anyone that has been away from the thread for a while and tell them that this is conclusively a scam. I'm assuming that, since you think this is 100% a scam, you don't own any shares or have any open bids?

Yes I do not own a single share anymore. I do not want to see someone post in this forum after BTCT is down and be completely upset that a picture was painted on this forum where Labcoin was up and operational when all information points the other way. I rather people know now that this "company" is hemorrhaging money at best.  It's hardware is a complete failure it seems, at best. And at worst Labcoin has been lying to us all and has made off with the money already, only logging on to buy more time to make sure he has set himself up nicely. The real evidence that this is a scam is that no one knows who is in running the show. That should be enough evidence right there to convince anyone. At best, key people that were necessary for Labcoin to succeed have left toe company months ago, at worst they were never a part of it.
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October 02, 2013, 08:30:26 PM
 #16858

At best, key people that were necessary for Labcoin to succeed have left toe company months ago, at worst they were never a part of it.

I'd have to agree with you there, at least to succeed in the manner that they had first planned; there MIGHT be profit to be seen at these share prices, but the lack of communication and post-BTCT plans are a big risk in any case.
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October 02, 2013, 08:37:23 PM
 #16859

In the latest Q&A Labcoin did not want to do a refund but said he would spend the bitcoins he still has to fix the chips, as an excuse to not refund the coins left in the company. The chips are now way too late so even fixing them will not be cost-effective. Even if they are legit, they are doing something that will be less profitable for their investors than a refund... so... scam anyway.

This is not a normal Mining Company. This is a reinvesting mining company that owns their own asic design. With this it doesnt matter much when the first chips come online. They will reinvest and gain a certain amount of network hashrate. Thats completely different as mining companies that have a hashrate target in TH and then stop and its different from the average reinvesting security that has to buy for nearly enduserprices.
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October 02, 2013, 08:41:04 PM
 #16860

...
I'm not saying this is definitely not a scam, it just hasn't been proven conclusively one way or another. ...

Strictly speaking, nothing, including causation & even the possibility of proof itself, has been "conclusively proven."  If it's commonsensical, conversational proof you're alluding to, there's enough here to eat, salt & take to market.  
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