[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

[freedomno1]

That minor exchange isn't that minor and has labcoin

[saveawedge]

I find it hilarious that "ThickAsThieves" who is...

a) an ASICMINER Board Member; ASICMINER - an established company with similar business plan as the recent upstarts
b) heavily involved in a minor competing exchange to BTCT where neither Labcoin or ActM trade
c) runs several ASICMINER pass throughs
d) has no investments in Labcoin or ActM (or so he says himself)

...goes through lengths to spread misinformation and FUD about the companies where he directly profits if people lose their trust.
As icing on the cake he is also concerned about the overall legitimacy of the market in one sentence and in the next he describes how he bought in to the recent IPO's only to make a quick buck'.

He has his moments, and can be extraordinarily unprofessional. I just hope he is working on this, as it will end up destroying the TAT brand he has built up very successfully. Most of the time, however, he conducts business a professional manner.

[canth]

I find it hilarious that "ThickAsThieves" who is...

a) an ASICMINER Board Member; ASICMINER - an established company with similar business plan as the recent upstarts
b) heavily involved in a minor competing exchange to BTCT where neither Labcoin or ActM trade
c) runs several ASICMINER pass throughs
d) has no investments in Labcoin or ActM (or so he says himself)

...goes through lengths to spread misinformation and FUD about the companies where he directly profits if people lose their trust.
As icing on the cake he is also concerned about the overall legitimacy of the market in one sentence and in the next he describes how he bought in to the recent IPO's only to make a quick buck'.

e) and is a relatively upstanding member of the community.

Spend 5 minutes watching the trollbox on btc-e or reading *shudder* mircea popescu's blog and you'll feel better about TaT

[Ytterbium]

"Real world" IPOs work in a similar fashion. Just because you wanted 200 shares, doesn't mean you get them - you bid for them and find out the day or so before the IPO whether or not you get your full allotment.

It's not random, however, there are some set rules.

No, that's not true at all.  In the "Real World" the IPO Share distribution isn't fair at all.  People with the best connections get the most shares.  That's how it works. If this IPO was done as it was in the real world, most people wouldn't have gotten shares at all unless they knew the founders or burnside.

People with good connections would have gotten the shares.

[freedomno1]

"Real world" IPOs work in a similar fashion. Just because you wanted 200 shares, doesn't mean you get them - you bid for them and find out the day or so before the IPO whether or not you get your full allotment.

It's not random, however, there are some set rules.

No, that's not true at all.  In the "Real World" the IPO Share distribution isn't fair at all.  People with the best connections get the most shares.  That's how it works. If this IPO was done as it was in the real world, most people wouldn't have gotten shares at all unless they knew the founders or burnside.

People with good connections would have gotten the shares.

The real world would also see the price collapse rapidly like a Facebook IPO

Then a year later you would get to the IPO Price XD
http://www.theguardian.com/technology/2013/aug/03/facebook-stock-closes-ipo

Facebook's resurgent stock has closed above its IPO price for the first time since the online social networking leader made its debut on Wall Street more than 14 months ago.

The shares gained 56 cents to finish Friday's session at $38.05 (£25), the stock's highest closing price since ending its first day of trading at $38.23 in May of last year.

CLASSIC it took me a year I waited and waited I was so proud of My IPO and I made 5 cents

[str4wm4n]

I bought back in, patience is key with these types of things!

[freedomno1]

I bought back in, patience is key with these types of things!

Indeed patience is important but on facebook I would have just dollar cost average the position

[stereotype]

I find it hilarious that "ThickAsThieves" who is...

a) an ASICMINER Board Member; ASICMINER - an established company with similar business plan as the recent upstarts
b) heavily involved in a minor competing exchange to BTCT where neither Labcoin or ActM trade
c) runs several ASICMINER pass throughs
d) has no investments in Labcoin or ActM (or so he says himself)

...goes through lengths to spread misinformation and FUD about the companies where he directly profits if people lose their trust.
As icing on the cake he is also concerned about the overall legitimacy of the market in one sentence and in the next he describes how he bought in to the recent IPO's only to make a quick buck'.

He has his moments, and can be extraordinarily unprofessional. I just hope he is working on this, as it will end up destroying the TAT brand he has built up very successfully. Most of the time, however, he conducts business a professional manner.

TAT comes across as a very shrewd and able business operator. However, a really unpleasant disingenuous character also shows through sometimes. For me, trust, does not prevail. 

[Luckybit]

Bingo! The shares should not have been rendered. What incentive does the company have to work at all if they can just sell all their own shares?

Come on, TAT. Plenty of companies have founders that are able to sell their shares. Larry and Sergey didn't cash everything out when Google IPO'd, did te

Labcoin has been posting on the Mining forum for a while and they've got a strong incentive to make more money off of the appreciation of their shares than to sell now.

Though I don't think the Labcoin team are quite comparing themselves to Google ( Yet  ) this is the way they see it. That said, I will talk to Sam about some form of solution that allows for more transparency when it comes to the Founder shares.

I have a question for the Labcoin team which many others probably would like the answer to as well. What are is the first year's forecast profit range? Can we have at least an indication on how much these shares could be worth so that we resist pressure to sell?

[Lohoris]

It's not random, however, there are some set rules.

No, that's not true at all.  In the "Real World" the IPO Share distribution isn't fair at all.  People with the best connections get the most shares.  That's how it works. If this IPO was done as it was in the real world, most people wouldn't have gotten shares at all unless they knew the founders or burnside.

People with good connections would have gotten the shares.

Your point being?

"In the Real World rules suck, so we must make sure that rules here suck too?"

srsly?

[🏰 TradeFortress 🏰]

When will the speculation based bubble pop and shares trade below IPO? Probably very soon.

[hammurabi]

I made money on ActM, and Labcoin, like many. Not because I have long-term faith, but because I knew the market would act irrationally. I have no holdings in either anymore.
This is different because these people are not paid a salary out of some current income stream, like Google. They are paid in a finite amount of shares. When those shares are not enough to justify doing the job, those people will quit. That time is now really. They'll have more than $1m in coins after selling off, and the odds are that's the most profit Labcoin will ever see for itself.

When will the speculation based bubble pop and shares trade below IPO? Probably very soon.

TAT! Beware the dark side of Greed Force.
You already started to sound like furuknap.
One step further into shadow of the coin and your soul will be lost forever.

[stereotype]

When will the speculation based bubble pop and shares trade below IPO? Probably very soon.

Yawn. Very predictable TF. I suppose you will pop your head back in, in about a weeks time, where we will once again benefit from one on your oh-so-wise one-liners again, eh?

Really unattractive.  

  

[yuansuyi]

When will the speculation based bubble pop and shares trade below IPO? Probably very soon.

Wish your speculation be right, then I can buy in more cheep shares.

[labcoin]

Bingo! The shares should not have been rendered. What incentive does the company have to work at all if they can just sell all their own shares?

Come on, TAT. Plenty of companies have founders that are able to sell their shares. Larry and Sergey didn't cash everything out when Google IPO'd, did te

Labcoin has been posting on the Mining forum for a while and they've got a strong incentive to make more money off of the appreciation of their shares than to sell now.

Though I don't think the Labcoin team are quite comparing themselves to Google ( Yet   ) this is the way they see it. That said, I will talk to Sam about some form of solution that allows for more transparency when it comes to the Founder shares.

I have a question for the Labcoin team which many others probably would like the answer to as well. What are is the first year's forecast profit range? Can we have at least an indication on how much these shares could be worth so that we resist pressure to sell?

We did not sell any part of our stake in the company and we are open to audits on the account where founder shares are stored.
It's very likely that share price will rise in the near future, as we bring online our mining farm.
It's kind of hard to make forecasts about the first year profit as there are still too many unknow variables, for now we're focusing on bringing gradually our first 30-50 Terahash/s online, we plan to complete this goal within October 2013. Chip batches and finished mining Hardware sales will follow shortly.

[ajk]

I just think its cute how when some people miss out on the boat instead of just accepting reality and making the proper move they try to spoil the fun for the other people who got to benefit, We call these people Party Poopers

I remember when I found out about AsicMiner the price was about 1.8 and I was so pissed that I was on the forums but not the securities section and didnt get a chance to purchase at the IPO of .1

Instead of crying I manned up and pulled out a whole shitton of cold storage coins and made gigantic bets at those levels and came out fairly on top considering that its doubled from 1.8 and I put in a big 6 figure number,

Perhaps we believe in different methods of attaining wealth, some believe that someone has to be negatively affected in order for you to benefit while I believe in the opposite, I enjoy taking large positions and then having others take the same position in sound investments so that we can grow together, Maybe its cause I believe in karma and philanthropy but it just makes you look like an arrogant person who gets emotional in a game where you need to be Emotionless.

Whatever do what you guys want to do all I can say is that it makes you look bad

[TheSwede75]

Bingo! The shares should not have been rendered. What incentive does the company have to work at all if they can just sell all their own shares?

Come on, TAT. Plenty of companies have founders that are able to sell their shares. Larry and Sergey didn't cash everything out when Google IPO'd, did te

Labcoin has been posting on the Mining forum for a while and they've got a strong incentive to make more money off of the appreciation of their shares than to sell now.

Though I don't think the Labcoin team are quite comparing themselves to Google ( Yet   ) this is the way they see it. That said, I will talk to Sam about some form of solution that allows for more transparency when it comes to the Founder shares.

I have a question for the Labcoin team which many others probably would like the answer to as well. What are is the first year's forecast profit range? Can we have at least an indication on how much these shares could be worth so that we resist pressure to sell?

We did not sell any part of our stake in the company and we are open to audits on the account where founder shares are stored.
It's very likely that share price will rise in the near future, as we bring online our mining farm.
It's kind of hard to make forecasts about the first year profit as there are still too many unknow variables, for now we're focusing on bringing gradually our first 30-50 Terahash/s online, we plan to complete this goal within October 2013. Chip batches and finished mining Hardware sales will follow shortly.

Sam,
Thank you for updating everyone. Let's chat today about what we can/should do as far as the 'Founder shares' and present a 'solution' Monday.

[Exocyst]

Sam,
Thank you for updating everyone. Let's chat today about what we can/should do as far as the 'Founder shares' and present a 'solution' Monday.

Is this the designated LabCoin communication channel for intra-business communiques?

Talk about a transparent communication policy...

[ShroomsKit]

People bashing Labcoin have a right to their opinion of course but IMO, despite the launch which was a bit messy and not their fault, they have been the most communicative and professional out of all the recent IPOs. They have also been realistic with their goals and are not over promising. These are all good signs.

There is NOTHING professional about a bunch of people fucking up and then basically saying "sucks to be you".
How the hell did you get the idea to call this professional?

[redbeans2012]

I wish every thread wasn't taken up with someone whining.