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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1057850 times)
AngelSky
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August 12, 2013, 04:18:35 PM
 #2021

I think the price should increase but not skyrocket Smiley

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AngelSky
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August 12, 2013, 04:20:33 PM
 #2022

Just sold my 40k shares. I'm out until we get some clear news here about the locked accounts and the technical specs which VBS called them out on. They haven't replied since. In the meantime I sent 2 PMs to TheSwede with no replies but he has time to shop for a Rolex on the forum for his "friend": https://bitcointalk.org/index.php?topic=271657.msg2909210#msg2909210

I guess you made someone else happy

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LordMeowMeow
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August 12, 2013, 04:24:41 PM
 #2023

Just sold my 40k shares. I'm out until we get some clear news here about the locked accounts and the technical specs which VBS called them out on. They haven't replied since. In the meantime I sent 2 PMs to TheSwede with no replies but he has time to shop for a Rolex on the forum for his "friend": https://bitcointalk.org/index.php?topic=271657.msg2909210#msg2909210

I guess you made someone else happy

Possibly Smiley I don't have the energy to stress about it and made a good profit anyway. I will keep my eyes on this thread to see what happens!

San1ty
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August 12, 2013, 04:25:44 PM
 #2024

Just sold my 40k shares. I'm out until we get some clear news here about the locked accounts and the technical specs which VBS called them out on. They haven't replied since. In the meantime I sent 2 PMs to TheSwede with no replies but he has time to shop for a Rolex on the forum for his "friend": https://bitcointalk.org/index.php?topic=271657.msg2909210#msg2909210

I guess you made someone else happy

Possibly Smiley I don't have the energy to stress about it and made a good profit anyway. I will keep my eyes on this thread to see what happens!

Hey, you might be the smartest one around here. You have some valid concerns so...

Found my posts helpful? Consider buying me a beer :-)!:
BTC - 1San1tyUGhfWRNPYBF4b6Vaurq5SjFYWk NXT - 17063113680221230777
E.Sam
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August 12, 2013, 04:29:53 PM
 #2025

Because people think that 32k bitcoin btcgarden refunds will make the price skyrocket.

So btcgarden made the IPO sale of 32k originally? Last I saw shares were being sold below IPO signalling they were not selling a lot. I don't think they will be refunding that much Bitcoin. I could be wrong.


IMPORTANT NOTICE

Due to some unexpected legal risks we met last week, we have to, cancel this IPO and buyback/repurchase entire two million shares of BTCGARDEN we issued at btct.co.

We will buy back all shares with the whole price of 32064btc. I.e,we will pay for commissions to let all shareholders get back their Bitcoin with the price of 0.016btc/share.

I would like to say thank you & sorry to all of our investors/supporters/ potential investors in advance before I explain the whole affair. Thank you for all of your trust and support, sorry for the final decision we have made.

Procedures:

We have already confirmed the whole process with Burnside (manager of btct.co),

1 We will lock the trading of BTCGARDEN at btct immediately.
2 We will then send the whole 32064BTC and submit the repurchase request to Burnside from backstage, he will then run the proper script to execute this request ASAP.
3 All current shareholders will get your BTC back into your account immediately,at which point you can withdraw it freely.

All of above will be finished in 24-48 hours from the time you see this notice.


In 12-36 hours a part of these 32064BTC will be reinvested in some BTCT assets. I think LC will be one of them, along with AsicMiner & ActiveMining.


EDIT: Disclaimer - LC shareholder

AngelSky
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August 12, 2013, 04:33:59 PM
 #2026

Just sold my 40k shares. I'm out until we get some clear news here about the locked accounts and the technical specs which VBS called them out on. They haven't replied since. In the meantime I sent 2 PMs to TheSwede with no replies but he has time to shop for a Rolex on the forum for his "friend": https://bitcointalk.org/index.php?topic=271657.msg2909210#msg2909210

I guess you made someone else happy

Possibly Smiley I don't have the energy to stress about it and made a good profit anyway. I will keep my eyes on this thread to see what happens!

At this time, my labcoin position is not big and I think the risk is not high. I just feel that everyone here cannot hold for more than 2 days without taking some anxiolytics. Maybe because your positions are too big ?

For your dump, I think you made the right choice. If you're not comfortable with a position, just sell (at a good price) and free your mind. Not my case here anyway Wink

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kokojie
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August 12, 2013, 04:35:22 PM
 #2027

Because people think that 32k bitcoin btcgarden refunds will make the price skyrocket.

So btcgarden made the IPO sale of 32k originally? Last I saw shares were being sold below IPO signalling they were not selling a lot. I don't think they will be refunding that much Bitcoin. I could be wrong.


IMPORTANT NOTICE

Due to some unexpected legal risks we met last week, we have to, cancel this IPO and buyback/repurchase entire two million shares of BTCGARDEN we issued at btct.co.

We will buy back all shares with the whole price of 32064btc. I.e,we will pay for commissions to let all shareholders get back their Bitcoin with the price of 0.016btc/share.

I would like to say thank you & sorry to all of our investors/supporters/ potential investors in advance before I explain the whole affair. Thank you for all of your trust and support, sorry for the final decision we have made.

Procedures:

We have already confirmed the whole process with Burnside (manager of btct.co),

1 We will lock the trading of BTCGARDEN at btct immediately.
2 We will then send the whole 32064BTC and submit the repurchase request to Burnside from backstage, he will then run the proper script to execute this request ASAP.
3 All current shareholders will get your BTC back into your account immediately,at which point you can withdraw it freely.

All of above will be finished in 24-48 hours from the time you see this notice.


In 12-36 hours a part of these 32064BTC will be reinvested in some BTCT assets. I think LC will be one of them, along with AsicMiner & ActiveMining.

Not true, I deposited 100 BTC to my btct account only to buy btcgarden, and I will withdraw them after I get them back. I don't have to invest in something else.

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
N_S
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August 12, 2013, 04:36:43 PM
 #2028

Not true, I deposited 100 BTC to my btct account only to buy btcgarden, and I will withdraw them after I get them back. I don't have to invest in something else.

That is bizarre.\
AngelSky
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August 12, 2013, 04:37:42 PM
 #2029

Because people think that 32k bitcoin btcgarden refunds will make the price skyrocket.

So btcgarden made the IPO sale of 32k originally? Last I saw shares were being sold below IPO signalling they were not selling a lot. I don't think they will be refunding that much Bitcoin. I could be wrong.


IMPORTANT NOTICE

Due to some unexpected legal risks we met last week, we have to, cancel this IPO and buyback/repurchase entire two million shares of BTCGARDEN we issued at btct.co.

We will buy back all shares with the whole price of 32064btc. I.e,we will pay for commissions to let all shareholders get back their Bitcoin with the price of 0.016btc/share.

I would like to say thank you & sorry to all of our investors/supporters/ potential investors in advance before I explain the whole affair. Thank you for all of your trust and support, sorry for the final decision we have made.

Procedures:

We have already confirmed the whole process with Burnside (manager of btct.co),

1 We will lock the trading of BTCGARDEN at btct immediately.
2 We will then send the whole 32064BTC and submit the repurchase request to Burnside from backstage, he will then run the proper script to execute this request ASAP.
3 All current shareholders will get your BTC back into your account immediately,at which point you can withdraw it freely.

All of above will be finished in 24-48 hours from the time you see this notice.


In 12-36 hours a part of these 32064BTC will be reinvested in some BTCT assets. I think LC will be one of them, along with AsicMiner & ActiveMining.

Not true, I deposited 100 BTC to my btct account only to buy btcgarden, and I will withdraw them after I get them back. I don't have to invest in something else.

Most of these 32k will be reinvested in AM, ActM and LC but like you, a small % will withdraw. Everyone is right.. Smiley

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E.Sam
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August 12, 2013, 04:39:35 PM
 #2030

Not true, I deposited 100 BTC to my btct account only to buy btcgarden, and I will withdraw them after I get them back. I don't have to invest in something else.

In 12-36 hours a part of these 32064BTC will be reinvested in some BTCT assets. I think LC will be one of them, along with AsicMiner & ActiveMining.

I m not sure I can be more cautious with my predictions...

redbeans2012
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August 12, 2013, 04:49:17 PM
 #2031

Just sold my 40k shares. I'm out until we get some clear news here about the locked accounts and the technical specs which VBS called them out on. They haven't replied since. In the meantime I sent 2 PMs to TheSwede with no replies but he has time to shop for a Rolex on the forum for his "friend": https://bitcointalk.org/index.php?topic=271657.msg2909210#msg2909210

Maybe the swede sold his holdings and has no skin in the game anymore, now he's buying rolex watches.
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August 12, 2013, 04:54:15 PM
 #2032

the submariner is the cheapest rolex that they offer... selling off your shares because of nonsense is a good way to buy back in at a loss, id rather sell into the strength of the tied up funds from BTCgarden im sad that I didnt get all 300 coins worth that I originally wanted but we cant all get what we want

In addition: If I had to guess it seems like a bit of mid life crisis, if swede was in fact born in 75 this makes him old in my book, maybe hes never had anything nice and this is a good way to feel wealthy since that is what wealthy people buy Rolex's, the lack of info is not bad in my book considering this could mean that the real people behind this security are hard at work, im a glass half full kind of guy,
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August 12, 2013, 05:02:00 PM
 #2033

Pop Quiz: What watch brand sells more watches each year than any other? A: Rolex.

Rolex is the watch that says you have more money than intelligence. Good watches, but certainly not the best, and certainly not for those with distinctive taste. These are for the same people who buy a new Camaro of Mustang and think they have gotten the ultimate in performance.

That said, I don't know anyone who wears Rolex anymore, aside from drug dealers, car dealers, real estate brokers, pimps, and confidence men.

(unless the watch is 40+years old)
Bitcycle
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August 12, 2013, 05:02:40 PM
 #2034

I'd like to see a clear response that the shares have been locked.

There's no good excuse that comes to mind for it not having been done now, it's a very straightforward process.

Having said that, buying or selling you entire position over the lack of an update for a few days is a pretty clear indication you shouldn't be 'investing' in anything at all.

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August 12, 2013, 05:03:13 PM
 #2035

Just got a response from TheSwede75. He will be posting up with an update after gets in touch with Sam later on today.
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August 12, 2013, 05:03:20 PM
 #2036

the submariner is the cheapest rolex that they offer... selling off your shares because of nonsense is a good way to buy back in at a loss, id rather sell into the strength of the tied up funds from BTCgarden im sad that I didnt get all 300 coins worth that I originally wanted but we cant all get what we want

http://youtu.be/7S94ohyErSw?t=1m30s

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August 12, 2013, 06:50:58 PM
 #2037


Well, some people are in a rush to sell on the spike.
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August 12, 2013, 06:51:04 PM
 #2038

https://blockchain.info/tx/c7a36aaadf94e010236601a673f9cc6b36ac5cabb1bad7f50a25d75bc41f0f3b

http://bcoinnews.com/2013/08/12/btcgarden-repayment/

That is all.

A Member of the LCSH
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August 12, 2013, 06:54:04 PM
 #2039

your a bit behind we know this, and let them there are probably so many people that still havnt seen the new coins in their wallet yet
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August 12, 2013, 07:09:33 PM
 #2040


Well, some people are in a rush to sell on the spike.

Really don't understand why someone would do a market sell for 17xx when the buys are coming in at 19.

Nevermind, this is BTC-land where the markets don't need to make sense!
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