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

[BitThink]

Actually it is a good thing. At least the labcoin 'Samul Noi' is not eager in looking for a new job.

[1713493622]

1713493622

[physalis]

I missed the recent developments, can someone bring me up to speed while I get the popcorn? What's the current chapter in the labcoin book of bullshit?
Something about "Howard Wang" going missing? Is he the one that stole the hashrate? What a plot twist.

Maybe we didn't try hard enough? The way I see it, he took my money and refuses to explain what he's doing with it. And I want to know what it is. Don't you?

Aww, what happened? You used to be such a cheerleader. Come on, they're just really, really busy, working hard to make you rich.

[Ytterbium]

What makes you guys think that linked in profile is real?  It would be pretty easy to create a fake profile, it's hard to believe the FUD brigade, which found linked in profiles for random interns in Ghana would have missed it this whole time.

And thats why labcoin is hiring, as mentioned by TheSeven.

according to posted IRC chats, TheSeven wasnt even aware there was a 130nm chip, has never spoken to anyone working on it and knows nothing about it. He is also more a software guy than anything else.
But yeah, he'll fix it overnight, especially when the only guy who really knows the asic is gone.

That's totally false. He wasn't really involved with the 130nm chips but he was obviously aware of them and talked to them about the issues they were having.

Is labcoin having issues, obviously. But by the same token there are clearly a bunch of people who are obsessed with making up false accusations and statements about what's going on to confuse people further. It would have taken 10 minutes to put together that linkedin profile.

[Puppet]

It's interesting that two of them both come from Ghana. It seems that's a common name there?

Probably descendants from the well known royal Noi family in Nigeria.

Seriously though, if that is your guy, you are screwed.
Alternatively, If the only guy with some knowledge of whats going on, the "nominee director"  of an IT company without website is not on linkedin and no one knows who he really is, you are probably screwed too.

I will tell you what the name reminds me off.  Wild conspiracy with zero evidence to back it up, but here you have it:  Chaang Noi. aka Goat.

[Ytterbium]

Is this samuel noi ?

http://gh.linkedin.com/pub/samuel-noi/55/11/b72

No, he seems has nothing to do with Hong Kong and Shen Zhen.

Its the only samuel noi on linkedin aside from this one:

http://gh.linkedin.com/pub/samuel-mensah-noi/77/b66/333

It's interesting that two of them both come from Ghana. It seems that's a common name there?

There are 5 people on linkedin named Sam Noi.

Seriously, what is wrong with you people?

[abuelau]

I missed the recent developments, can someone bring me up to speed while I get the popcorn? What's the current chapter in the labcoin book of bullshit?
Something about "Howard Wang" going missing? Is he the one that took the hashrate? What a plot twist, fascinating.

Maybe we didn't try hard enough? The way I see it, he took my money and refuses to explain what he's doing with it. And I want to know what it is. Don't you?

Aww, what happened? You used to be such a cute little cheerleader. Come on, they're just really, really busy, working hard to make you rich.

I actually still think they are doing SOMETHING, and I think they are legit. But I want to know what is happening exactly, even my patience has limits!

[Puppet]

There are 5 people on linkedin named Sam Noi.

Seriously, what is wrong with you people?

Only 2 of them "samuel" and none of them with qualifications or even geographical location that could possibly match.

[BitThink]

Something about "Howard Wang" going missing? Is he the one that took the hashrate? What a plot twist, fascinating.

No, Howard moved to US, not missing. He is the designer of the 130nm chip, not the one in charge of the hashing.

[BitThink]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

[abuelau]

I sent an email to Fabrizio's personal account. I'll let you know if he replies (highly unlikely but you never know)

[Bitcycle]

The bottom line is that Labcoin must come through with a full explanation of where things stand right now.

Without it, they're never going to be listed on another exchange.

And their shares will be completely worthless.

There is no choice here, Labcoin.  You must explain yourself, and you must do it right now.

[BitCsByBit]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

A whale dumped 170K down to 0.0009.

Edit: And somebody bought 30K straight away and brought the price up to 0.0012999

[abuelau]

The bottom line is that Labcoin must come through with a full explanation of where things stand right now.

Without it, they're never going to be listed on another exchange.

And their shares will be completely worthless.

There is no choice here, Labcoin.  You must explain yourself, and you must do it right now.

@LABCOIN

[BitThink]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

A whale dumped 170K down to 0.0009.

Edit: And somebody bought 30K straight away and brought the price up to 0.0012999

Now less than 50K needs to go down to 0.0009. The bid wall has been weakened significantly.

[Ytterbium]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

Well, people found a linkedin page for "Zhenghua WANG" that didn't seem to exist more then 24 hours ago, given the fact that the people who dug though the personal information of every Sam Noi in Ghana weren't able to find it.

All the information on there is stuff that people could have looked up or guessed, and there are lots of people who could have put the profile together.

Unfortunately Labcoin isn't giving out any information or keeping people up to date at all, and because of that the conspiracy theorists and trolls flourish.

[Bitcycle]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

A whale dumped 170K down to 0.0009.

Edit: And somebody bought 30K straight away and brought the price up to 0.0012999

Now less than 50K needs to go down to 0.0009. The bid wall has been weakened significantly.

All that 50k is new, though.  The low was 0.0009, so anything over it had to be added after.

[BitThink]

What makes you guys think that linked in profile is real?  It would be pretty easy to create a fake profile, it's hard to believe the FUD brigade, which found linked in profiles for random interns in Ghana would have missed it this whole time.

In my opinion, it is unlikely to be false. This account has everything right and has enough connections. It even has at least one endorsement from my 3rd connection (Maybe only endorsement from one's connection is visible, I am not sure). It is also consistent with what theSeven said before, "Howard is not involved any more, someone else is working on it (the stability issue)".

[abuelau]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

Well, people found a linkedin page for "Zhenghua WANG" that didn't seem to exist more then 24 hours ago, given the fact that the people who dug though the personal information of every Sam Noi in Ghana weren't able to find it.

All the information on there is stuff that people could have looked up or guessed, and there are lots of people who could have put the profile together.

Unfortunately Labcoin isn't giving out any information or keeping people up to date at all, and because of that the conspiracy theorists and trolls flourish.

They need to explain what is going on. I wanted to give them a few days to see if the "hash rate will be increased daily" would materialize, but since that hasn't happened, they absolutely need to come here and explain themselves.

[BitThink]

Seriously, what is wrong with you people?

It is found that the key technician, the 130nm chip designer, Howard Wang, has moved to San Jose, US as a researcher in ITU on September. So it seems why their engineer team is imcompetent can be explained. Then a panic selling (dump > 20K to below 0.0009) after this news.

Well, people found a linkedin page for "Zhenghua WANG" that didn't seem to exist more then 24 hours ago, given the fact that the people who dug though the personal information of every Sam Noi in Ghana weren't able to find it.

All the information on there is stuff that people could have looked up or guessed, and there are lots of people who could have put the profile together.

Unfortunately Labcoin isn't giving out any information or keeping people up to date at all, and because of that the conspiracy theorists and trolls flourish.

No, I think someone said #14733 stramir said he has found that page on 9 Aug, and that time Howard Wang was still working in Shen Zhen.

[dave111223]

How do I get my Labcoin shares out of BTCT before the shut down?