I honestly don't think any of these securities are worth jack at this point. Labcoin should be an object lesson in the risks.
I think that risk level awareness skill, needs to be radically re-calibrated if operators are able to perpetuate wholly dishonest statements of fact.
Im not sure how a reasonably minded 'investor' is able to protect themselves when complete untruths is the information we have to hand, other than to accept its sad existence, or come to the conclusion that the bitcoin 'community' are a bunch of unattractive amateurs who make things up, as it suits. The later, is not my personal view, but how do you think this charade looks in the eyes of the newly interested? And of course, this plays nicely into the hands of interested authoritative bodies.
Well, bitcoin itself isn't necessarily "about" these stock offerings, other then the fact that they couldn't really exist without crypto currencies.
Although it's unfortunate, I think the only way to make money bitcoin mining is to get into an IPO, run by a responsible operator. Otherwise, there's no profitability - the people with the actual chips take it all for themselves, either keeping the chips for themselves, or selling overpriced equipment.
Labcoin could have been a good alternative, but unfortunately they squandered it.
Plus, if you can't trust them, then you really can't invest even if you think they might start hashing. I mean, think about it - they said they were hashing a week ago. Were they lying then? If not,
then where is the money? For all we know, they could simply be stealing it and keeping the mined coins for themselves (Or, whoever is actually operating the mine could be, and not even telling the other members of the team.)