klee
Legendary
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Activity: 1498
Merit: 1000
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July 29, 2013, 09:06:28 PM |
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Interested..
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gimme_bottles
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July 29, 2013, 11:48:28 PM |
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just read this on labcoin.com: We will deploy half of this hashing power for private use and re-sell the remaining stock of ICs in the form of high powered 'blade-like' devices. the contract on BTC-TC states the following: Labcoin also intends to, when profitable for the companys share holders manufacture and run it's own Bitcoin mining operation, with profits from mining operations paid in full as dividend to share holders. this is not necessarily contradictory, but it is confusing. |
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TheSwede75 (OP)
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July 29, 2013, 11:59:44 PM |
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just read this on labcoin.com: We will deploy half of this hashing power for private use and re-sell the remaining stock of ICs in the form of high powered 'blade-like' devices. the contract on BTC-TC states the following: Labcoin also intends to, when profitable for the companys share holders manufacture and run it's own Bitcoin mining operation, with profits from mining operations paid in full as dividend to share holders. this is not necessarily contradictory, but it is confusing. I should have stated this earlier. The website is currently undergoing a much needed update. The IPO and this thread contains the correct and up to date information!We expect the website to be updated within the next day or two. Thank you for 'reminding' me of this. |
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bitrocket
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July 30, 2013, 12:42:06 AM |
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We will deploy half of this hashing power for private use and re-sell the remaining stock of ICs in the form of high powered 'blade-like' devices. Will there be bulk chips sales and a reference design released? |
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TheSwede75 (OP)
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July 30, 2013, 12:54:21 AM
Last edit: July 30, 2013, 01:29:14 AM by TheSwede75 |
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We will deploy half of this hashing power for private use and re-sell the remaining stock of ICs in the form of high powered 'blade-like' devices. Will there be bulk chips sales and a reference design released? Yes. And to elaborate a little, we plan on ordering enough chips in the first batch after "first run" to start production of consumer grade miners, AND sell chip-bulk orders. We will then make a decision on what percentage of the miners we will sell vs. mine with ourselves based on market conditions. |
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KCBitcoin
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July 30, 2013, 01:06:23 AM |
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interested and following
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matuszed
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July 30, 2013, 03:06:07 AM |
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Very interested. Also very interested in the board seats how many shares do you think were looking at for that.
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"Markets can remain irrational longer than you can remain solvent." -Keynes
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TheSwede75 (OP)
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July 30, 2013, 03:17:56 AM |
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Very interested. Also very interested in the board seats how many shares do you think were looking at for that.
We are yet to make a decision on whether to create a board-seat style advisory board. If we do however we would want to keep the seats to a maximum (theoretical max) of maybe 20 and hence the share amount would be fairly high. Probably in the neighborhood of 200.000 shares or more (200 BTC @ IPO price). |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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July 30, 2013, 03:39:54 AM |
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Btct listing interesting observes
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Believing in Bitcoins and it's ability to change the world
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TheSwede75 (OP)
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July 30, 2013, 03:47:51 AM |
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If you are an owner of 10+ litecoinglobal shares, you should vote on the IPO on BTCT.co
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boyohi
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July 30, 2013, 04:48:36 AM |
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 I got my eyes on you. Hope you get approved soon
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navitatl
Member
Offline
Activity: 119
Merit: 10
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July 30, 2013, 04:52:47 AM |
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Very interested. Also very interested in the board seats how many shares do you think were looking at for that.
We are yet to make a decision on whether to create a board-seat style advisory board. If we do however we would want to keep the seats to a maximum (theoretical max) of maybe 20 and hence the share amount would be fairly high. Probably in the neighborhood of 200.000 shares or more (200 BTC @ IPO price). Please confirm this before the IPO. Keep up the good work, you've got my attention and I hope the best for your endeavor. |
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TheSwede75 (OP)
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July 30, 2013, 04:57:40 AM |
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Very interested. Also very interested in the board seats how many shares do you think were looking at for that.
We are yet to make a decision on whether to create a board-seat style advisory board. If we do however we would want to keep the seats to a maximum (theoretical max) of maybe 20 and hence the share amount would be fairly high. Probably in the neighborhood of 200.000 shares or more (200 BTC @ IPO price). Please confirm this before the IPO. Keep up the good work, you've got my attention and I hope the best for your endeavor. We will confirm or deny the availability of "Board Seats" before we release the IPO shares for sale. Now time for a few hours of sleep. Hoping to wake up to more votes! |
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Ytterbium
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July 30, 2013, 05:20:21 AM |
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I think at least 24 hours notice would be good as well.
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dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
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July 30, 2013, 05:47:04 AM |
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I think at least 24 hours notice would be good as well.
Be aware, the IPO will take 7000 Bitcoin. I doubt this will happen "within a very short timeframe". |
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superduh
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July 30, 2013, 05:52:55 AM |
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200 btc is a lot for a board seat (not unreasonable though) AM's board seats were at like $6k
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ok
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auto2nr1
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July 30, 2013, 05:59:22 AM |
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200 btc is a lot for a board seat (not unreasonable though) AM's board seats were at like $6k
Can we do something smaller? 150k shares perhaps? |
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cchan
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July 30, 2013, 06:10:32 AM |
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Any update?
The IPO is being finalized and a draft has been sent to Burnside @ btct.co We are expecting to finalize the last details soon and are hoping to launch the IPO within a week. Are you a part of the Labcoin team? It sounds like you are. Let me know if you will provide a few days in advance notice before shares are actually traded. Thanks. I am assisting Sam and the Labcoin team in the IPO, and yes. We will most likely give people a few days advance notice before IPO is released on BTCT.CO both in this thread and a separate IPO thread under /securities I am just wondering why Labcoin doesn't officially announce that you are the assistant of their company. Sorry for my concern. |
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onecent
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July 30, 2013, 06:34:48 AM |
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interested and reserved.  |
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