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

[TMAN]

They don't care about short term price changes. They don't care that we want information that will prop the share price up.

They don't care about broken promises and shareholder value?  great company...

It's not about "propping up the share price" as much as it is defining their credibility.  Propping up the share price is making empty announcements every time the share price drops 15%.

Because in the next 6 weeks 50TH will do the talking for them. In the real world you don't get your hand held like this. You get an Agm once a year. You might be lucky with a quarterly conference call or webinar

[velacreations]

Because in the next 6 weeks 50TH will do the talking for them. In the real world you don't get your hand held like this. You get an Agm once a year. You might be lucky with a quarterly conference call or webinar

in the real world, you have to go through a considerable amount of verification before you can solicit public investment, too.

[Vigil]

They don't care about short term price changes. They don't care that we want information that will prop the share price up.

They don't care about broken promises and shareholder value?  great company...

It's not about "propping up the share price" as much as it is defining their credibility.  Propping up the share price is making empty announcements every time the share price drops 15%.

Because in the next 6 weeks 50TH will do the talking for them. In the real world you don't get your hand held like this. You get an Agm once a year. You might be lucky with a quarterly conference call or webinar

But a "real-world" company has generally established trust-worthiness over many years on individual customer and investor basis. When "real-world" companies make announcements they create official press releases to their investors, they show product pictures, videos etc.

[velacreations]

Because in the next 6 weeks 50TH will do the talking for them. In the real world you don't get your hand held like this. You get an Agm once a year. You might be lucky with a quarterly conference call or webinar

But a "real-world" company has generally established trust-worthiness over many years on individual customer and investor basis. When "real-world" companies make announcements they create official press releases to their investors, they show product pictures, videos etc.

+1 
news with evidence
that's how it's done in the real world.  companies WANT to show off the evidence, cause it helps their credibility.

[redbeans2012]

TheSwede traveling and having no internet access on the day of the mining, is pretty suspicious scam behavior as well. I have actually seen scammers pull that many times before.

TheSwede only uses the no internet excuse when it comes to this stock.  As you can see he hasn't missed a beat in other threads.. 

[tarmi]

Cracks me up how many people convince themselves it's not a scam because they are doing a shitty job of it. You are what us poker players call "leveling" yourself. It's when you think on the the wrong level for your opponent.

if someone is doing a shitty job of it and is "too stupid to commit a fraud", well, at some point you have to ask yourself if you are more stupid than them in believing that story.

that is indeed some kind of "leveling".

I cant explain to myself why this thread got 350 pages, and 100 TH project that has deployed more then 30 TH got only 40?

[redmetal]

Cracks me up how many people convince themselves it's not a scam because they are doing a shitty job of it. You are what us poker players call "leveling" yourself. It's when you think on the the wrong level for your opponent.

if someone is doing a shitty job of it and is "too stupid to commit a fraud", well, at some point you have to ask yourself if you are more stupid than them in believing that story.

that is indeed some kind of "leveling".

I cant explain to myself why this thread got 350 pages, and 100 TH project that has deployed more then 30 TH got only 40?

Because 100th is a PMB. There is a huge difference in both of these assets. One is overpriced and overvalued and the other one is undervalued.

[limbaugh]

TheSwede traveling and having no internet access on the day of the mining, is pretty suspicious scam behavior as well. I have actually seen scammers pull that many times before.

TheSwede only uses the no internet excuse when it comes to this stock.  As you can see he hasn't missed a beat in other threads.. 

Apparently TheSwede is having difficulties keeping up with his main and Labcoin sock puppet. Amateur...

[jeffhuys]

Price fluctuating. Very suspenseful.

[mightaswellallowanonymous]

They don't care about short term price changes. They don't care that we want information that will prop the share price up. They want to hash and roll out 65nm, lets all chill a little and see how they go. In a weeks time if we have nothing ill eat my words...

We're still considering some business aspects, including only focusing on the upcoming 65nm version for what concerns bulk chip sales.

This is the beginning of series of get out clauses that allow them to not let the 'gen 1' chips out of hands- for whatever 'strategic business move' they devise to back it up. No-one will see evidence of the gen 1 chips. They will say wait for the 65NM chips if you want to build DIY miners, or buy hardware it will be better performance or some similar nonsense.

what is 2TH to a mining operation? this is consumer level, single user not a million dollar op..why mine in solo mode?, where is the address? where is the chip photos? where is the site update? where is the locked shares? where is the PCB photos, board plans or info? where is the finalized chips specs, performance output? cgminer output?, where is hosting details?, where is the info about hardware sales? where is any sort of recent tangible technical update? everything that has been promised has been ignored. "two more weeks" the motto of BFL.

Few pieces of commodity hardware divided between 10 million is shocking- you will have satoshi every week as divs. no way is it profitable, the only reason it is there is to placate people and buy time so the stock doesn't fall apart. Ken uses same trick in his AMC security

Just sit back and read some of labcoins last posts a few times. I actually had to laugh at myself for investing in this one.. just look how obvious it is from the last few posts.

Do some of you really not see the writing on the wall? It is absolutely typical behavior of a scam- if you've seen it once you've seen it 100 times and can document it and dissect it. The greed is really killing some of you and you're turned from investing in solid plan to just gambling on greater fool theory and writing it off as a little loss if it fails.

Burnside needs to lock this security immediately.

[dhenson]

Burnside needs to lock this security immediately.

Says the sock puppet?  If you aren't just spreading FUD and actually believe this, why are you hiding?

[creativex]

Burnside needs to lock this security immediately.

That likely wouldn't help investors' whose fund are already tied up and might do more harm than good.

You're absolutely right and I agree with you. LC is not playing it straight for every reason you just mentioned.

Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out.

[N_S]

Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out.

Bingo!

[canth]

Annoying: Reading through hundreds of LC thread posts filled with fudders and fluffers nearly killing any chance for legitimate meaningful discussion.
Awesome: Labcoin sending straightforward updates through BTCT.
Priceless: Realizing I can get updates without wasting my time looking at unicorns and ponies.

[mightaswellallowanonymous]

Burnside needs to lock this security immediately.

Says the sock puppet?  If you aren't just spreading FUD and actually believe this, why are you hiding?

What is a 'sock puppet,' What is 'FUD'?

These words have become overused and now devoid of any sort of meaning-  they only show up in topics filled to the brim of mudslinging and empty of solid info, such as labcoin. I've not seen them present in neo&bee iPVO for example. They are only used to attack anyone who presents an argument which doesn't present the offering in a favourable light.  (and therefore those that hold become angry it could eat into their profits).

As I wrote to burnside (who ignored it earlier)

Burnside

I believe the time has come for this to be resolved and it is no longer a background issue - time has come in this particular instance as owner and administrator of exchange to demonstrate a reasonable level of concern for customers finances, and locking of LABCOIN security, pending resolution should start. No update has been forwarded via the issuer as yet even though it has been promised. This to me suggests evidence of cheating, lying from one or both parties.

I would like to remind that anyone that is aware of and has the power to investigate or terminate, yet allows unfettered operation of fraudulent investment schemes- that is happy to bury their head in the sand as long as it is earning them profits becomes an accessory, or an accomplice and could potentially be in for a rude awakening

I no longer have Labcoin in my portfoloio. I am not waiting for a lower price or trying to play the market by driving the price low or high. I am simply demanding the evidence which has been promised.  Whether it succeeds or fails makes no difference to me. Therefore 'spreading FUD' does not give me any sort of advantage

What I am concerned about however is the fact I was deceived from the beginning along with others here who brought in on good faith.  I am looking into starting an investigation and I'm collecting information of the identities owned by labcoin and TheSwede75.. Anyone is welcome to private message me if they feel they have fallen victim. Paint it however you like, say it is virtual, caveat emptor but a scam is a scam. I chose to invest in this based on it's merits and a business plan and did not expect to fall foul of a organized group that deceives. If you lie and cheat people and play with their money there will be consequences

[aquarius]

Burnside needs to lock this security immediately.

That likely wouldn't help investors' whose fund are already tied up and might do more harm than good.

You're absolutely right and I agree with you. LC is not playing it straight for every reason you just mentioned.

Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out.

as long as you are the first person to sell off your position if the time table does expire, in the event of continued no proof of hashing/production.

[damiano]

Annoying: Reading through hundreds of LC thread posts filled with fudders and fluffers nearly killing any chance for legitimate meaningful discussion.
Awesome: Labcoin sending straightforward updates through BTCT.
Priceless: Realizing I can get updates without wasting my time looking at unicorns and ponies.

+1

I've found maybe 10 posts worth reading in the past day

[creativex]

Burnside needs to lock this security immediately.

That likely wouldn't help investors' whose fund are already tied up and might do more harm than good.

You're absolutely right and I agree with you. LC is not playing it straight for every reason you just mentioned.

Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out.

as long as you are the first person to sell off your position if the time table does expire, in the event of continued no proof of hashing/production.

Very seriously doubt it. They've already failed to do the things mentioned. They cannot fail moar at these things. Many many are aware of their failures and the shares are still up  250%. May I ask why you think this time will be different? Particularly now they've set a date to begin paying dividends? As I recall they also suggested they'd be at approximately 4Th/s by next Monday. It doesn't seem like a great time to sell for what they should have done and did not do weeks ago.

[dhenson]

Burnside needs to lock this security immediately.

Says the sock puppet?  If you aren't just spreading FUD and actually believe this, why are you hiding?

What is a 'sock puppet,' What is 'FUD'?

That was a very bad attempt at skirting my question.  You are obviously hiding your main identity as you know what you are saying is crap.

As I wrote to burnside (who ignored it earlier) ... blah blah

He is ignoring you because your accusations are baseless.  Even if you aren't a FUD spreading lair and actually believe what you are saying, that doesn't make it true and burnside is right to ignore you.

I don't believe this is a scam and will not be selling.

[Bitcycle]

You guys are absolutely hilarious.


I'd love to take you all and put you in a room to discuss UFOs.  No doubt you'd convince yourselves everyone else was an alien before an hour was up.

Keep it up, clowns!  Dance!