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Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1039971 times)
Vigil
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September 12, 2013, 08:39:49 PM
 #7821

Labcoin has delayed hashing evidence again and claims "2 weeks" before block stamping starts. Why not start right freaking now?

Because they are not hashing - it's the only answer.

So the real question is - what are they trying to cover up?

I think the entire 130nm plan was just a means to buy time until the 65nm. IOW, it doesn't exist in any way.
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Ytterbium
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September 12, 2013, 08:44:00 PM
 #7822

we will smash through 0.004 if active mining's CEO keeps up with the Insider trading. Labcoin are bad at communications, but at least they aren't scum like Ken
It seems very likely that Labcoin is insider trading based on the way announcements are always made after the share value declines.

Except the last "updates" didn't do anything except tank the price.  Simply saying everything is OK when they could easily prove what they're doing by giving the block reward address isn't going to help the price anymore, it's just going to hurt it.

I would imagine Labcoin and TheSweed are getting tons of angry PM's from people, and if they're legit it's probably driving them nuts and making them resentful of the doubters. Especially since the initial fud was COMPLETELY ridiculous nonsense about pixels on documents and all other sort of ridiculous b.s.

But, that's no excuse.  If they're having technical difficulties they need to be completely straightforward about it. Simply claiming that everything is fine, that they are hashing, but refusing to do so in a verifiable way just isn't cool.  Even if people think that they are hashing they might worry that the rewards are being embezzled.

If Labcoin loses more trust, they are going to permanently damage their share price as people won't invest even when they are hashing and have shown proof, worrying that they might be lying about other things.

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September 12, 2013, 08:45:53 PM
 #7823

Slightly off topic TMAN.


You worried about something?


Maybe trying a little distraction?

I've just apologised in the other thread. 100% I can see how it came across. But there are some unanswered questions about if he was buying on the company account. I can assure you I am not worried, I can afford to lose everything I have invested here and have no intention of selling until December where I will sell some of my position

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September 12, 2013, 08:47:50 PM
 #7824

we will smash through 0.004 if active mining's CEO keeps up with the Insider trading. Labcoin are bad at communications, but at least they aren't scum like Ken
It seems very likely that Labcoin is insider trading based on the way announcements are always made after the share value declines.

Except the last "updates" didn't do anything except tank the price.  Simply saying everything is OK when they could easily prove what they're doing by giving the block reward address isn't going to help the price anymore, it's just going to hurt it.

I would imagine Labcoin and TheSweed are getting tons of angry PM's from people, and if they're legit it's probably driving them nuts and making them resentful of the doubters. Especially since the initial fud was COMPLETELY ridiculous nonsense about pixels on documents and all other sort of ridiculous b.s.

But, that's no excuse.  If they're having technical difficulties they need to be completely straightforward about it. Simply claiming that everything is fine, that they are hashing, but refusing to do so in a verifiable way just isn't cool.  Even if people think that they are hashing they might worry that the rewards are being embezzled.

If Labcoin loses more trust, they are going to permanently damage their share price as people won't invest even when they are hashing and have shown proof, worrying that they might be lying about other things.

We aren't regulated here, so people have to ask the questions. I personally feel that there are some teething issues happening, it's likely no big deal but labcoin should make us aware

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September 12, 2013, 08:50:05 PM
 #7825

If the CEO is buying shares by insider trading isn't that great news?  Huh

The way it works in the real world is that all insider trades are done publicly.  I think they're also supposed to be announced in advance in order to make sure that they're not using insider information about upcoming announcements  (i.e. Tim Cook isn't allowed to schedule his share purchases right before they announced the iPhone 6)

Unfortunately, the SEC is actually pretty lazy about enforcing rules.  Normally, people just get away with a fine or some bullshit. But the threat is enough to prevent people from just randomly spouting bullshit.

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September 12, 2013, 08:53:57 PM
 #7826


We aren't regulated here, so people have to ask the questions. I personally feel that there are some teething issues happening, it's likely no big deal but labcoin should make us aware

Teething issues? It doesn't bother you that he is outright lying about working hardware? He dodged every question of providing evidence of hashing. Now it's mid October before he will provide any?
So what does he gain from carrying on this charade?

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September 12, 2013, 08:59:38 PM
 #7827


We aren't regulated here, so people have to ask the questions. I personally feel that there are some teething issues happening, it's likely no big deal but labcoin should make us aware

Teething issues? It doesn't bother you that he is outright lying about working hardware? He dodged every question of providing evidence of hashing. Now it's mid October before he will provide any?
So what does he gain from carrying on this charade?



Nothing, if it was a scam they would of run. Or used the news to trade the shares. They haven't done either, 100% mistakes have been made, I just hope they come out with a full and in depth update.

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September 12, 2013, 09:02:46 PM
 #7828


Nothing, if it was a scam they would of run. Or used the news to trade the shares. They haven't done either, 100% mistakes have been made, I just hope they come out with a full and in depth update.

So if it's not a scam it is their competence and integrity that is in question. Still a losing proposition for investors.
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September 12, 2013, 09:05:29 PM
 #7829

If the CEO is buying shares by insider trading isn't that great news?  Huh

The way it works in the real world is that all insider trades are done publicly.  I think they're also supposed to be announced in advance in order to make sure that they're not using insider information about upcoming announcements  (i.e. Tim Cook isn't allowed to schedule his share purchases right before they announced the iPhone 6)

Unfortunately, the SEC is actually pretty lazy about enforcing rules.  Normally, people just get away with a fine or some bullshit. But the threat is enough to prevent people from just randomly spouting bullshit.

Just to clarify, they have to be reported to the SEC within 2 days of the trade, not prior to the trade. In Bitcoinland, they have to be reported to TMAN. (Sorry TMAN, couldn't resist.) Cheesy

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September 12, 2013, 09:06:31 PM
 #7830

In Bitcoinland, they have to be reported to TMAN. (Sorry TMAN, couldn't resist.) Cheesy

Thank Phoenix, the first good laugh I have had all evening! Smiley
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September 12, 2013, 09:08:05 PM
 #7831

Except the last "updates" didn't do anything except tank the price.  Simply saying everything is OK when they could easily prove what they're doing by giving the block reward address isn't going to help the price anymore, it's just going to hurt it.

I would imagine Labcoin and TheSweed are getting tons of angry PM's from people, and if they're legit it's probably driving them nuts and making them resentful of the doubters. Especially since the initial fud was COMPLETELY ridiculous nonsense about pixels on documents and all other sort of ridiculous b.s.

But, that's no excuse.  If they're having technical difficulties they need to be completely straightforward about it. Simply claiming that everything is fine, that they are hashing, but refusing to do so in a verifiable way just isn't cool.  Even if people think that they are hashing they might worry that the rewards are being embezzled.

If Labcoin loses more trust, they are going to permanently damage their share price as people won't invest even when they are hashing and have shown proof, worrying that they might be lying about other things.
+1 exactly

I have been saying this for days, now.  No news is better than news without evidence.  Labcoin is it's worst enemy, at this point, and the credibility continues to erode.

btw, I have never owned ActM shares (or anything else related to that company).  I did own more than 50K Labcoin shares, but jumped ship when shit started getting hard to believe (right around ~.0038) around here.

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September 12, 2013, 09:08:16 PM
 #7832

If the CEO is buying shares by insider trading isn't that great news?  Huh

The way it works in the real world is that all insider trades are done publicly.  I think they're also supposed to be announced in advance in order to make sure that they're not using insider information about upcoming announcements  (i.e. Tim Cook isn't allowed to schedule his share purchases right before they announced the iPhone 6)

Unfortunately, the SEC is actually pretty lazy about enforcing rules.  Normally, people just get away with a fine or some bullshit. But the threat is enough to prevent people from just randomly spouting bullshit.

Just to clarify, they have to be reported to the SEC within 2 days of the trade, not prior to the trade. In Bitcoinland, they have to be reported to TMAN. (Sorry TMAN, couldn't resist.) Cheesy

God I sounded like a proper Internet warrior, I was wrong in the most part ill admit that. But... Did he trade on 2 accounts?..

lammedraak
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September 12, 2013, 09:08:45 PM
 #7833

http://fc09.deviantart.net/fs51/i/2009/322/9/4/T_Man_is_here_by_VincentsValentine99.jpg
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September 12, 2013, 09:10:15 PM
 #7834

Not enough weak hands to get my bid filled
Are you the same 'dopamine' as in the Mind & Muscle forum?

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
TMAN
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September 12, 2013, 09:13:10 PM
 #7835



Awesome love that

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September 12, 2013, 09:15:46 PM
 #7836

TMAN apologised personally to Ken and retracted his statement accusing Ken of insider trading using company funds over on the ActM thread.

I have a new found respect for you TMAN.  Thanks.  Smiley

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Bitcoin game where you can earn up to 220% on each planted garden!
TMAN
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September 12, 2013, 09:16:56 PM
 #7837

TMAN apologised personally to Ken and retracted his statement accusing Ken of insider trading using company funds over on the ActM thread.

I have a new found respect for you TMAN.  Thanks.  Smiley

No problem I hope you can see that based n initial information it could of been taken as I saw it.

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September 12, 2013, 09:20:46 PM
 #7838

TMAN apologised personally to Ken and retracted his statement accusing Ken of insider trading using company funds over on the ActM thread.

I have a new found respect for you TMAN.  Thanks.  Smiley

No problem I hope you can see that based n initial information it could of been taken as I saw it.

Yes, I can see it being open for interpretation and can understand why you were quick to judge.

https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
TMAN
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September 12, 2013, 09:21:41 PM
 #7839

Cool want to have a virtual bro hug?...

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September 12, 2013, 09:30:34 PM
 #7840


https://mybitcoin.garden
Bitcoin game where you can earn up to 220% on each planted garden!
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