BitThink
Legendary
 Offline
Activity: 882
Merit: 1000
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September 23, 2013, 02:24:54 PM |
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What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.
No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.
No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.
No one knows whether they pay dividend or not? There's forum and bitcoin chain.
Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.
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E.Sam
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September 23, 2013, 02:26:06 PM |
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Labcoin needs to hire and announce a person to manage the direct shares and handle the new exchange listing, and do so ASAP.
I vote for Ytterbium to do this job |
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onecent
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September 23, 2013, 02:34:09 PM |
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What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.
No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.
No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.
No one knows whether they pay dividend or not? There's forum and bitcoin chain.
Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.
That's true  |
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Luckybit
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September 23, 2013, 02:36:22 PM |
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What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.
No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.
No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.
No one knows whether they pay dividend or not? There's forum and bitcoin chain.
Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.
That's true Can Labcoin be traded via Ripple? |
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aquarius
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September 23, 2013, 02:43:43 PM |
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All btct shares will be converted to direct shares as soon as we receive official communication from Ethan Burnside before 31 October.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.
Is Bitfunder an option? I would guess that the reason they chose the 'direct shares' is that no exchange want them to to trade on their platform because of labcoin's shady practices. |
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Ytterbium
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September 23, 2013, 02:46:32 PM |
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Labcoin needs to hire and announce a person to manage the direct shares and handle the new exchange listing, and do so ASAP.
I vote for Ytterbium to do this job vote they get their shares moved to bitfunder ASAP  Also since I'm in the US it might not even be legal for me to manage virtual securities. It's too bad, though I have some interesting ideas for IPOs that could work, I would have tried some of them by now if it wasn't for all the legal ... "ambiguity" involved. |
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Bitcycle
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September 23, 2013, 02:46:48 PM |
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All btct shares will be converted to direct shares as soon as we receive official communication from Ethan Burnside before 31 October.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.
Is Bitfunder an option? I would guess that the reason they chose the 'direct shares' is that no exchange want them to to trade on their platform because of labcoin's shady practices. Or far more likely, it's what they can say definitely in the immediate aftermath of Burnside's announcement. Getting listed will take more than a few minutes, you know. |
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velacreations
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September 23, 2013, 02:47:56 PM |
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I would guess that the reason they chose the 'direct shares' is that no exchange want them to to trade on their platform because of labcoin's shady practices.
someone will likely open a PT on another exchange, similar to AM. AM doesn't directly trade on any exchange, either. |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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September 23, 2013, 02:48:29 PM |
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So de we know what happened yet?
Why is BTCT shutting down?
SEC?
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velacreations
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September 23, 2013, 02:55:20 PM |
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So de we know what happened yet?
Why is BTCT shutting down?
SEC?
The SEC doesn't let you "wind down" for several weeks. They just pull the plug. Likely, he got legal advice that said "you are committing a crime, stop doing it" |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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September 23, 2013, 02:58:57 PM |
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So de we know what happened yet?
Why is BTCT shutting down?
SEC?
The SEC doesn't let you "wind down" for several weeks. They just pull the plug. Likely, he got legal advice that said "you are committing a crime, stop doing it" From the 'Why BTC-TC Rocks' tab: BTC Trading Corp. is a legally registered Belize international company. So, I suppose we have to wait and see if shit will hit the fan (MPEx, Havelock, Picostocks, Bitfunder)  |
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JohnyBigs
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September 23, 2013, 03:00:38 PM |
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Today is the first day where new laws start about crowd investing. It is now legal to raise money with private investors directly in return for equity. So no idea why btct would have any problems
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ffssixtynine
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September 23, 2013, 03:03:47 PM |
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Today is the first day where new laws start about crowd investing. It is now legal to raise money with private investors directly in return for equity. So no idea why btct would have any problems
Read the laws. It is legal only if done properly. Non trivial. |
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JohnyBigs
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September 23, 2013, 03:09:30 PM |
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Today is the first day where new laws start about crowd investing. It is now legal to raise money with private investors directly in return for equity. So no idea why btct would have any problems
Read the laws. It is legal only if done properly. Non trivial. When does btct close down? Hopefully pick up some more cheap shares from everyone selling lol |
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JohnyBigs
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September 23, 2013, 03:16:36 PM |
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Going to get some btc ready last day before btct close will probably be a massive dump again can pick up some shares in the .0004 would be great lol
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bitcoiner49er
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September 23, 2013, 03:19:18 PM |
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I really don't understand what kind of response those panic selling people wanted?
Direct shares are a pain for friedcat. It is just going to add more administrative work for Labcoin. Plus there will be no more trading, among other things. Maybe no "trading", but direct shares are sell-able and transferable on their own. I've done it with ASICminer. The caveat will be WHO handles the transfers for LC.  |
Homo doctus is se semper divitias habet
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TheSwede75 (OP)
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September 23, 2013, 03:23:31 PM |
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UPDATE:
I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).
Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.
As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.
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Ytterbium
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September 23, 2013, 03:24:38 PM |
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UPDATE:
I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).
Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.
As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.
I think most of us would like to see you guys move to bitfunder. |
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abuelau
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September 23, 2013, 03:25:17 PM |
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UPDATE:
I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).
Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.
As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.
I think most of us would like to see you guys move to bitfunder. Yep |
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Bitcycle
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September 23, 2013, 03:26:24 PM |
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UPDATE:
I just woke up to the information that BTCT.CO is "winding down" (Shutting down, I haven't even had time to read the full release or catch up on the information thread).
Burnside has previously informed the team (at listing) that complete ownership registry is kept up-to-date (as per previous discussions reg. direct shares), and while this obviously is something no one was expecting I expect all shares to be accounted for.
As to alternate listing, direct share conversion and other alternatives for share holders i currently have not had time to consider this yet but of course we will start working ASAP on a solution.
I think most of us would like to see you guys move to bitfunder. That has my vote. |
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