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

[TMAN]

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

Yes, and he even disclosed it, which I'm sure is rare in Bitcoin land. The things people latch onto... it has to be for dramatic effect.

he withheld information on the avalon refund & used that to purchase cheap shares. this isn't drama - its either an idiot or someone who is scamming his shareholders.

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[demzie]

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

Yes, and he even disclosed it, which I'm sure is rare in Bitcoin land. The things people latch onto... it has to be for dramatic effect.

he withheld information on the avalon refund & used that to purchase cheap shares. this isn't drama - its either an idiot or someone who is scamming his shareholders.

Thats called one of the seven! GREED

[TMAN]

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

Yes, and he even disclosed it, which I'm sure is rare in Bitcoin land. The things people latch onto... it has to be for dramatic effect.

he withheld information on the avalon refund & used that to purchase cheap shares. this isn't drama - its either an idiot or someone who is scamming his shareholders.

Thats called one of the seven! GREED

no - I think the dwarf you are thinking of is dopey. (joke before you jump on it!)

[zumzero]

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

 

Attack the argument not the person.

[FloatesMcgoates]

kk just sold fudsters get back to work making the price go down thanks

[zumzero]

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

Yes, and he even disclosed it, which I'm sure is rare in Bitcoin land. The things people latch onto... it has to be for dramatic effect.

he withheld information on the avalon refund & used that to purchase cheap shares. this isn't drama - its either an idiot or someone who is scamming his shareholders.

This is an outright lie on your part.  You are actually lying to your fellow LC comrades and this doesn't make you look good.

[kingcrimson]

TMAN you realize what we are all doing here is illegal right. Unlicensed securities and all...

[demzie]

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

Yes, and he even disclosed it, which I'm sure is rare in Bitcoin land. The things people latch onto... it has to be for dramatic effect.

he withheld information on the avalon refund & used that to purchase cheap shares. this isn't drama - its either an idiot or someone who is scamming his shareholders.

Thats called one of the seven! GREED

no - I think the dwarf you are thinking of is dopey. (joke before you jump on it!)

Maybe Happy after it happend

hahaha

[TMAN]

TMAN you realize what we are all doing here is illegal right. Unlicensed securities and all...

not where I live, maybe in murica, but the SEC doesn't rule the world.

[Mutated btc]

some guys bring ActM related comments to labcoin thread

[Vigil]

The re-tanking has begun.

[Mutated btc]

The re-tanking has begun.

wont happen, people are waiting for promised weekend

[drawingthesun]

The re-tanking has begun.

Isn't that less than 10 btc worth of shares sold? Thats back to business!

If someone dumps 100 btc worth of shares then perhaps the "re-tanking" has begun.

[limbaugh]

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?

[drawingthesun]

he withheld information on the avalon refund & used that to purchase cheap shares.

Well at least you weren't lying over in the Active Mining thread. Looks like that took a turn for the worse over here though.

[TMAN]

he withheld information on the avalon refund & used that to purchase cheap shares.

Well at least you weren't lying over in the Active Mining thread. Looks like that took a turn for the worse over here though.

As a matter of fact, I have purchase a number of shares on the open market.  I am also purchasing shares how for my own account.  We will be releasing P&L for this quarter by the end of October

What's does the above mean to you? To me it's 2 accounts the second is personal the 1st must be in reference to company funds. He has provided trades from early August. It's easy to see he is in cover up mode

[zumzero]

Slightly off topic TMAN.


You worried about something?


Maybe trying a little distraction?

[JohnyBigs]

TMAN you realize what we are all doing here is illegal right. Unlicensed securities and all...

not where I live, maybe in murica, but the SEC doesn't rule the world.

Unlicensed securities last time I checked in the land of murica you don't need a license to buy securities
 

[Vigil]

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.

[Ytterbium]

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.