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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1040129 times)
Ytterbium
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August 10, 2013, 12:50:15 AM
 #1961

Uh, they aren't looking for customers.  They are self-mining operation, and they already have the funding they need to produce their chips.


But they do. At least according to their previous statements. Self-mining is one option and selling mining equipment is another.

Eventually, not at the current point in time.

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How do you know what they are working on?

By reading the thread.

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E.Sam
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August 10, 2013, 02:00:25 AM
 #1962

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Anyway, the real news comes when the first chips leave the fab either they work, or they don't.  If they work, the share price should go up a great deal.  If they don't, then everyone is fucked.  

And if they know they can't make it, they could then dump all their shares before releasing the info and more people would get fucked with valueless shares on their hands.

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Freaking out about the founders being able to sell - there isn't enough liquidity in the market for them to make much money at this point at all. It's a non-issue.

Well I think it is an issue. Let's say something goes wrong, in current market they could sell 427.110 shares for 460BTC and get back around 1/2 of their $100K investment (assuming that they have not already made some profit by selling a chunk of their shares).
Taking into account that 120K shares just sold off, give it another week and liquidity will be back. They could then just sell off enough to take back their full investment, still hold some 1.5-2M shares and no risk of financial loss on their part (hence no incentive to achieve).

I m not saying that this is happening - I actually don't think it is. I m merely trying to say that you might not have taken all these parameters into account in your analysis. My question is, why not lock the 75% of their shares, as they stated, and be over with it? Open a new BTCT account (1mn), send 2.225.000 shares (30 sec), email Burnside to lock account (1mn). That's all.

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August 10, 2013, 02:08:11 AM
 #1963

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*shrug* More cheap shares fore me Smiley

And for me as well :] - I m invested in this company and really want to see them achieve. That's why I really hope they get over these little hiccups

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August 10, 2013, 02:26:20 AM
 #1964

Chinese -> English names can be confusing because the family name will be the 'first' name and personal name will be the 'last' name, and people refer to eachother by family name most of the time. Then sometimes they'll 'translate' by listing family name last in English, and sometimes they won't. And of course many also have unofficial English names they go by as well.

I'm guessing:
  Howard = English name (obviously)
  Wang = Family name (Wang is a common Chinese last name)
  Zhenghua = personal name.

In Chinese people would call him Wang Zhenghua.  I think.

correct. Zhenghua is like the first name in English.
By the way, where do you find his first name?
in one pic they post about the deal with TSMC,  the contact person is named 王振华,Wang Zheng Hua in english
narayan
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I do not sell Bitcoins. I sell SHA256(SHA256()).


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August 10, 2013, 12:11:14 PM
 #1965

Crash and BURN!

BTC: 1PiPooLvcEoBLuXBHbwUnN5rShs2nas223
LTC: LRq7YPMDoERSZcte9ZPNHQkUbfiPsY55VM
LordMeowMeow
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August 10, 2013, 04:23:50 PM
 #1966

Where do you see this?
redbeans2012
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August 10, 2013, 05:52:21 PM
 #1967

TheSwede can you answer a couple of the questions that have been presented lately?

1.  I saw a few people ask if they could visit labcoin in person

2.  What is taking so long for the shares to get locked?

Thanks!
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August 10, 2013, 08:20:30 PM
 #1968

TheSwede can you answer a couple of the questions that have been presented lately?

1.  I saw a few people ask if they could visit labcoin in person

2.  What is taking so long for the shares to get locked?

Thanks!

I can answer to #1

Where is the lab? Shenzhen or Hongkong? Can we have a chance to visit? When if not now?
lab is located in SZ, at the university facility, we'll be moving shorty to another office. we'll be inviting selected investors to visit our datacenter in september


ref: https://bitcointalk.org/index.php?topic=263445.msg2891705;topicseen#msg2891705

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August 10, 2013, 08:30:38 PM
 #1969

TheSwede can you answer a couple of the questions that have been presented lately?

1.  I saw a few people ask if they could visit labcoin in person

2.  What is taking so long for the shares to get locked?

Thanks!

I can answer to #1

Where is the lab? Shenzhen or Hongkong? Can we have a chance to visit? When if not now?
lab is located in SZ, at the university facility, we'll be moving shorty to another office. we'll be inviting selected investors to visit our datacenter in september


ref: https://bitcointalk.org/index.php?topic=263445.msg2891705;topicseen#msg2891705

Thank you I missed that.
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August 11, 2013, 11:22:48 AM
 #1970

Looks like LABCOIN is a officially registred company. Wink



This document has allegedly been pulled from the HK ICRIS by dvdrewritable.

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August 11, 2013, 12:31:21 PM
 #1971

This document has allegedly been pulled from the HK ICRIS by dvdrewritable.
Isn't he the guy running around screaming that labcoin is a scam..?
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August 11, 2013, 01:26:33 PM
 #1972

Wait so Labcoin is not a scam?

Maybe its time to buy some cheap shares.....

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August 11, 2013, 01:37:03 PM
 #1973

Why does it just register 10000 shares at 1 HKD per share? What legal consequences might there be?
dexX7
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August 11, 2013, 01:44:33 PM
 #1974

Isn't he the guy running around screaming that labcoin is a scam..?

Indeed. Grin Still he found this more or less valuable document.

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August 11, 2013, 03:31:11 PM
 #1975

I find it pretty funny that you think vbs is "watching our backs". Vbs is a long-time, outspoken promoter and investor in ActM. It Streets never became ActM's PR person, it likely would've been Vbs. Do you have any proof that Vbs even knows what he's talking about? Any proof that he owns Labcoin shares? Any proof that he's not just spouting FUD in order to drive potential investor away from Labcoin to ActM?

I just find it funny that you're willing to put so much trust in someone who actually has a good motive to spread FUD here.

I think VBS is threatened by Labcoin.  It would be best if he just stayed in his own thread and make comments about Labcoin there.  The same should go for all "Spokes people" for company's.

Disclaimer

I also own both

Oh, but by all means! Hands off from me on the Labcoin business! Smiley

I kept replying here since I initially raised technical points that remained unanswered and thought I was doing a favor to the community by asking those to be clarified. I guess I should have known better. Lesson learned. Smiley

You are doing a favor to the community.

Synereo: liberating the Internet from abusive business models.

Beware of he who would deny you access to information, for in his heart, he dreams himself your master.
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Ytterbium
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August 11, 2013, 04:36:27 PM
 #1976

Price seems to have gone back up a bit... Kind of annoying, I was hoping it would dip a little more so I could average down before the first chips come in.

HeRetiK
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August 11, 2013, 05:07:00 PM
 #1977

Price seems to have gone back up a bit... Kind of annoying, I was hoping it would dip a little more so I could average down before the first chips come in.

Is there any news on their schedule?

Bitcycle
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August 11, 2013, 05:16:01 PM
 #1978

Price seems to have gone back up a bit... Kind of annoying, I was hoping it would dip a little more so I could average down before the first chips come in.

Only up a tiny bit.  Nothing at all compared to what it will do.
LordMeowMeow
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August 11, 2013, 07:13:36 PM
 #1979

At least the bids are going up a bit. The asks were clearly much higher than what people have been offering. Most of them were in the 0.0015 range whereas the bids were all in the 0.0012. I believe most IPO investors won't give up the potential increase in the future for an immediate 20-30% profit.
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August 11, 2013, 07:54:15 PM
 #1980

At least the bids are going up a bit. The asks were clearly much higher than what people have been offering. Most of them were in the 0.0015 range whereas the bids were all in the 0.0012. I believe most IPO investors won't give up the potential increase in the future for an immediate 20-30% profit.

There's really not a lot of shares for sale cheap. It's still only 410 btc up to 0.002. 

But there's no one really buying, either.  So we stick around 12-15 for a while.
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