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

[VolanicEruptor]

LOL I didn't even notice that before.  Yes, he's clearly separating owner from public investor in that statement.  Very interesting wording.

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[JohnyBigs]

I disagree.  He is obviously avoiding the use of the word "ownership" because that is not what it is.

It does not matter, read he's wording above he wrote owners. He implied that owning 60% of shares in profits is having 60% ownership. Anyway good luck, I'm done go read the 10 pages that you started.

For anyone who has a high amount invested in here, I would save this whole thread on your harddrive and save LabCoins BTCT page, for representations made by LabCoin.

OMFG you are so dumb.  He said that with activemining, the owners will have 15m shares, and OTHER PEOPLE WHO ARE NOT OWNERS will have another 10m shares.  That means the people who buy stock on the exchange are NOT OWNERS

The whole argument is pointless but you can't seem to even read. You're filling this thread up with moronic nonsense.

Labcoin does use the word Owners, so with Labcoin we are "owners". Whatever Which is all this thread is even about.  Why the fuck are you wasting everyone's time posting nonsense about the legalize of the Activemining contract in here anyway? It's completely pointless.

OMG you, what are you fucking retarded bro? If they Active mining is holding the same types of shares as you are and are considered OWNERS, why would you not be considered an owner?

It's like saying I'm a BMW owner, but John who also drives the same BMW as me is not.

ARE YOU A MORON, don't answer we already know the answer. lol

[JohnyBigs]

LOL I didn't even notice that before.  Yes, he's clearly separating owner from public investor in that statement.  Very interesting wording.

No he is calling them what they are public investors, who in real life are also owners, once they invest and own the same shares that the owners of the corporation own. And Owners he is using to describe the current owners.

He is offering you the same type of stock that he owns, so how can it be different??? If he owns type A stock and he is offering Type A stock, what would make him an owner and you not?

I'm done good luck with you fucking idiots lmao

[freedomno1]

Please show me ONE Bitcoin security contract that states a share represents ownership.

The Bitcoin shares are linked directly to VirtEx This is NOT a separate fund; this is the fund that represents real equity ownership in VirtEx!

Next

Where do you see that?  Please link.  I didn't know VirtEx was on BTCT.  Very convenient that you chose a company who deals with 50% fiat too.    
Show me a bitcoin mining company.

Would show you one but you need to do more research VE

Cavirtex IPO details
https://www.havelockinvestments.com/reportdownload.php?id=7

Heh did make me learn a new function

[Ytterbium]

LOL I didn't even notice that before.  Yes, he's clearly separating owner from public investor in that statement.  Very interesting wording.

No he is calling them what they are public investors, who in real life are also owners. And Owners he is using of the current owners.

He is offering you the same type of stock that he owns, so how can it be different??? If he owns type A stock and he is offering Type A stock, what would make him an owner and you not?

I'm done good luck with you fucking idiots lmao

No, you just can't read.  The difference is that he's already an owner, and having the stock doesn't change anything. He would still be an owner if he sold all his shares.

And seriously, who cares? This thread isn't about Activemining.  Why are you filling up the Labcoin thread arguing about what's in the Activemining prospectus?   Especially when you can't even understand what it says.

[VolanicEruptor]

The funny thing is, all of activeminings 10,000,000 have been issued.  Ken has ~100,000 left.
Does this mean Ken only owns 1% of the company?   
I love this fantasy world this kid is showing us, it's funny.

[JohnyBigs]

LOL I didn't even notice that before.  Yes, he's clearly separating owner from public investor in that statement.  Very interesting wording.

No he is calling them what they are public investors, who in real life are also owners. And Owners he is using of the current owners.

He is offering you the same type of stock that he owns, so how can it be different??? If he owns type A stock and he is offering Type A stock, what would make him an owner and you not?

I'm done good luck with you fucking idiots lmao

No, you just can't read.  The difference is that he's already an owner, and having the stock doesn't change anything. He would still be an owner if he sold all his shares.

And seriously, who cares? This thread isn't about Activemining.  Why are you filling up the Labcoin thread arguing about what's in the Activemining prospectus?   Especially when you can't even understand what it says.

EARTH TO SPACE IDIOT EARTH TO SPACE IDIOT, HE OWNS 25Million shares, and is giving away 10Million of his shares, his shares represent OWNERSHIP in his company. Are you really this fucking retarded, do you not know how shares and stock work in a company?

A company or corporation is made up of x amount of shares that represent 100% ownership. When someone sells a share they are selling ownership. You can't differentiate, well you can, but then it wouldn't be a share, it would just be a contract.

If you sell shares, you sell ownership, END OF STORY lmao.

[JohnyBigs]

The funny thing is, all of activeminings 10,000,000 have been issued.  Ken has ~100,000 left.
Does this mean Ken only owns 1% of the company?  
I love this fantasy world this kid is showing us, it's funny.

What are you talking about you dumb fuck, he owns 15Million out of 25Million that equals 60%. Lol you don't even understand how shares of ownership even work lmfao.

[VolanicEruptor]

The funny thing is, all of activeminings 10,000,000 have been issued.  Ken has ~100,000 left.
Does this mean Ken only owns 1% of the company?  
I love this fantasy world this kid is showing us, it's funny.

What are you talking about you dumb fuck, he owns 15Million out of 25Million that equals 60%. Lol you don't even understand how shares of ownership even work lmfao.

I'm strictly talking about issued shares, which you think is ownership.

[VolanicEruptor]

total shares does not equal issued shares.  Another example of your inability to grasp a concept

[dhenson]

The funny thing is, all of activeminings 10,000,000 have been issued.  Ken has ~100,000 left.
Does this mean Ken only owns 1% of the company?  
I love this fantasy world this kid is showing us, it's funny.

What are you talking about you dumb fuck, he owns 15Million out of 25Million that equals 60%. Lol you don't even understand how shares of ownership even work lmfao.

I'm beginning to think we're being trolled. 

[JohnyBigs]

The funny thing is, all of activeminings 10,000,000 have been issued.  Ken has ~100,000 left.
Does this mean Ken only owns 1% of the company?  
I love this fantasy world this kid is showing us, it's funny.

What are you talking about you dumb fuck, he owns 15Million out of 25Million that equals 60%. Lol you don't even understand how shares of ownership even work lmfao.

I'm strictly talking about issued shares, which you think is ownership.

Your retarded good luck lmao. The non issued shares equal 60% ownership for Ken. Issued shares also equal ownership are you mentally retarded, a share means a piece of ownership.

[Mabsark]

I would bet that even if you added up the net worth of both of these people it would not even equal 100 BTC

What relevance does that have? Anyone who judges people based on their wealth is a complete and utter arsehole. Sadly, that applies to far too many people on these forums.

It matters because it is downright arrogant to assume people with far more at stake, greater intelligence and  who did the due diligence, have SOMEHOW overlooked the concerns of some dimwit with a handful of peanuts.. this guy is asking the most irrelevant, useless and meaningless questions. It is seriously like a six year old getting caught up in the semantics of a childrens book, interrupting class over and over about how eggs cant be green.

I take it you're talking about JB? How does JB talking shite justify thinking you are better and more intelligent than someone simply because you have more wealth than them? If JB never made a single comment, snobs would still be snobs, looking down their noses at those less wealthy and disregarding their opinions as worthless.

[JohnyBigs]

Ken owns 15Million from 25Million total shares, that equals 1% ownership in Bizarro world!!! I'm gud at maths

[Ytterbium]

EARTH TO SPACE IDIOT EARTH TO SPACE IDIOT, HE OWNS 25Million shares, and is giving away 10Million of his shares, his shares represent OWNERSHIP in his company. Are you really this fucking retarded, do you not know how shares and stock work in a company?

A company or corporation is made up of x amount of shares that represent 100% ownership. When someone sells a share they are selling ownership. You can't differentiate, well you can, but then it wouldn't be a share, it would just be a contract.

If you sell shares, you sell ownership, END OF STORY lmao.

Maybe you believe that. But it's not what it says in the thing you quoted.

Anyway, you're just filling this thread up with belligerent nonsense, which doesn't even involve Labcoin at this point.  You're going on my ignore list, I hope others do the same so we can all stop wasting our time.

[JohnyBigs]

EARTH TO SPACE IDIOT EARTH TO SPACE IDIOT, HE OWNS 25Million shares, and is giving away 10Million of his shares, his shares represent OWNERSHIP in his company. Are you really this fucking retarded, do you not know how shares and stock work in a company?

A company or corporation is made up of x amount of shares that represent 100% ownership. When someone sells a share they are selling ownership. You can't differentiate, well you can, but then it wouldn't be a share, it would just be a contract.

If you sell shares, you sell ownership, END OF STORY lmao.

Maybe you believe that. But it's not what it says in the thing you quoted.

Anyway, you're just filling this thread up with belligerent nonsense, which doesn't even involve Labcoin at this point.  You're going on my ignore list, I hope others do the same so we can all stop wasting our time.

Uhh the other posts were about LabCoin which then your partner in dumbassness Erupter came and asked about other companies. I'm done though won't ask anymore questions on this thread because I have clearly found out 90% of the people are completely retarded and don't even know how a simple thing like shares and ownership work.

Forget how it works, don't even know what the definition of share is when it comes to companies.

[Mabsark]

I disagree.  He is obviously avoiding the use of the word "ownership" because that is not what it is.

It does not matter, read he's wording above he wrote owners. He implied that owning 60% of shares in profits is having 60% ownership. Anyway good luck, I'm done go read the 10 pages that you started.

For anyone who has a high amount invested in here, I would save this whole thread on your harddrive and save LabCoins BTCT page, for representations made by LabCoin.

OMFG you are so dumb.  He said that with activemining, the owners will have 15m shares, and OTHER PEOPLE WHO ARE NOT OWNERS will have another 10m shares.  That means the people who buy stock on the exchange are NOT OWNERS

The whole argument is pointless but you can't seem to even read. You're filling this thread up with moronic nonsense.

Labcoin does use the word Owners, so with Labcoin we are "owners". Whatever Which is all this thread is even about.  Why the fuck are you wasting everyone's time posting nonsense about the legalize of the Activemining contract in here anyway? It's completely pointless.

OMG you, what are you fucking retarded bro? If they Active mining is holding the same types of shares as you are and are considered OWNERS, why would you not be considered an owner?

It's like saying I'm a BMW owner, but John who also drives the same BMW as me is not.

ARE YOU A MORON, don't answer we already know the answer. lol

Just because John is driving a BMW, doesn't mean he owns it. It could be a rental, borrowed, stolen or being test driven.

[JohnyBigs]

Definition of 'Shares'
A unit of ownership interest in a corporation or financial asset.

[MikeyVeez]

AGAIN, PLEASE ADD JB TO IGNORE LIST! AND DO NOT QUOTE HIM.

thread is full of shit out of this guy. reading and replying to those shit is just time wasting.

I've noticed every few days a new troll pops up

Ohh man, I don't even post on the forums all I do is read and it's hillarious how you morons think that knowing what you are investing in, and knowing if you have ownership in what your are investing in is shit and trolling. You all are clearly from third world countries by your horrible grammer, so of course who cares about your shit 1BTC that you invest.

And if people who invested thousands of dollars, don't care about their level of ownership in their investments deserve to lose every single penny, and they probably will, because only a dumbass won't do due diligence in the companies or things he invests in.

[Ytterbium]

AGAIN, PLEASE ADD JB TO IGNORE LIST! AND DO NOT QUOTE HIM.

thread is full of shit out of this guy. reading and replying to those shit is just time wasting.

I've noticed every few days a new troll pops up

Ohh man, I don't even post on the forums all I do is read and it's hillarious how you morons think that knowing what you are investing in, and knowing if you have ownership in what your are investing in is shit and trolling. You all are clearly from third world countries by your horrible grammer, so of course who cares about your shit 1BTC that you invest.

And if people who invested thousands of dollars, don't care about their level of ownership in their investments deserve to lose every single penny, and they probably will, because only a dumbass won't do due diligence in the companies or things he invests in.

It doesn't actually make any practical difference.  If the people running Labcoin want to run off with our money, they will.  It doesn't matter if the shares represent "Ownership" or not. There are a million different ways they could scam us - from lying about a chip to actually having a chip and selling extra copies out the back door and not reporting the profits.

Now, in this case the shares actually do represent ownership, according to the prospectus filed with btct.co.  On the other hand we all agreed to the Btct.co terms of service which says that the shares are only virtual, not real world securities and hold no real world value.

There is no way to know what would happen if btct.co shareholders tried to sue labcoin, the way shareholders can sue real companies if they feel they've been mismanaged or lied too.   Additionally complicating issues is the fact that the company is in Hong Kong, and btct.co is Belize. US Law doesn't apply at all.

If it gets to the point where shareholders feel they need to sue the company, most of the value will have been lost, and the most shareholders could hope for would be liquidation of assets, at that point all the value would be gone anyway.