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

[twentyseventy]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

[1715036715]

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[Puppet]

How were the shares offered "in" the U.S? If the shares are offered overseas then you don't need to comply with US laws, even if Americans are buying them over the internet. If I were to open a brokerage account in Cyprus or Belize or somewhere, I could buy stock in companies that aren't registered in the US with real money. How would that be a problem for the issuer?

I assume you mean stock in companies who's securities are not registered in the US, rather than the company itself. A German company is perfectly allowed to register its securities with the SEC and sell them to Americans.
If you meant unregistered securities, then yes it most likely would be a problem:

We generally would not consider an offshore Internet offer made by a non-U.S. offeror as targeted at the United States, however, if:

The Web site includes a prominent disclaimer making it clear that the offer is directed only to countries other than the United States. For example, the Web site could state that the securities or services are not being offered in the United States or to U.S. persons, or it could specify those jurisdictions (other than the United States) in which the offer is being made; 21 and

The Web site offeror implements procedures that are reasonably designed to guard against sales to U.S. persons in the offshore offering. For example, the offeror could ascertain the purchaser’s residence by obtaining such information as mailing addresses or telephone numbers (or area code) prior to the sale. This measure will allow the offeror to avoid sending or delivering securities, offering materials, services or products to a person at a U.S. address or telephone number.

http://www.sec.gov/rules/interp/33-7516.htm

No such disclaimers or procedures are in place.

[Zubilica]

someone is slowly buying into Ipo price

[GreekGeek]

someone is slowly buying into Ipo price

do they know something that we don't?
or just day traders?

[abuelau]

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

[ssshhh]

someone is slowly buying into Ipo price

do they know something that we don't?
or just day traders?

Front running?

http://www.investopedia.com/terms/f/frontrunning.asp

[MilkyLep]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

He's trying to sell his shares of LC to pay you off, just wait for the 20 TH to come online.

All jokes aside, stay true to your word and pay up.

[ishkur]

Where did the team "0 China BTC" come from?

I don't remember seeing it earlier in the week.  

[Zubilica]

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

[E.Sam]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

He's trying to sell his shares of LC to pay you off, just wait for the 20 TH to come online.

All jokes aside, stay true to your word and pay up.

+1

[abuelau]

Where did the team "0 China BTC" come from?

I don't remember seeing it earlier in the week.  

It was already there, I saw it last week..

[Ytterbium]

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

If you feel like living dangerously, the price should go up on an improved hashrate and/or plans to move to bitfunder. But they could also just go back down again.

If you're not holding shares now you probably shouldn't buy until they get listed on bitfunder (or somewhere else) - the risk is even if labcoin gets hashing the shares could be stuck for months.  And not only that, during that time the difficulty could skyrocket.

Otoh if you're already holding and not planning to sell then the shares are pretty cheap, and you could average down.   I wouldn't recommend it, though.

[E.Sam]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

What did you expect? This is why I stated escrow mandatory for my bets (that one dared to take).

Still, if he doesn't honour his debt, a scam tag should/will be enforced.

[zumzero]

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

If you feel like living dangerously, the price should go up on an improved hashrate and/or plans to move to bitfunder. But they could also just go back down again.

If you're not holding shares now you probably shouldn't buy until they get listed on bitfunder (or somewhere else) - the risk is even if labcoin gets hashing the shares could be stuck for months.  And not only that, during that time the difficulty could skyrocket.

Otoh if you're already holding and not planning to sell then the shares are pretty cheap, and you could average down.   I wouldn't recommend it, though.

Frankly, buying Labcoin shares at any price on btct right now is not a great move.  The risk is far too high and unless you can afford to risk losing the lot, is not recommended.

[E.Sam]

Still, if he doesn't honour his debt, a scam tag should/will be enforced.

Account with 84 posts mostly in Labcoin thread. No reputation to lose or anything else. Just disappear / create a new forum name.

True. He would then have to re-design a new logo though 

[abuelau]

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

i do believe in this company. I think they have technical issues with first batch and try's to find  solutions for stabilizing the rigs before they will go in full production.

If you feel like living dangerously, the price should go up on an improved hashrate and/or plans to move to bitfunder. But they could also just go back down again.

If you're not holding shares now you probably shouldn't buy until they get listed on bitfunder (or somewhere else) - the risk is even if labcoin gets hashing the shares could be stuck for months.  And not only that, during that time the difficulty could skyrocket.

Otoh if you're already holding and not planning to sell then the shares are pretty cheap, and you could average down.   I wouldn't recommend it, though.

Frankly, buying Labcoin shares at any price on btct right now is not a great move.  The risk is far too high and unless you can afford to risk losing the lot, is not recommended.

I agree, I would not recommend it to anyone either...

[bitwhizz]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

What did you expect? This is why I stated escrow mandatory for my bets (that one dared to take).

Still, if he doesn't honour his debt, a scam tag should/will be enforced.

So money management should  be given a scam tag due tot he 1btc bet,

However no mention of labcoin being given a scam tag for their 1 million dollar bullshit

[dhenson]

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

For those that haven't read the last 700 pages, I have been one of Labcoin's most vocal supporters.  The following has been a long time coming, and I have held my tongue for too long.

The price has only stabilized because Vela filled his bids and is waiting for enough profit to start the cycle over again.  Once the price creeps back up around .0009-001 Velacreations will be back with his FUD show and all of his little FUDlings will follow suit and the price will crater even further.  There is no point in buying now as Labcoin is still weeks away from significant hashing increases (when their new chips arrive). Vela will have orchestrated 5 more cycles by then and the price will be 1/5th what it is now.

Bitcoin investors don't take lack of news well and we are in for a long news drought.  Combined with King FUD Vela's FUD slinging cycle you can be assured of lower stock prices in the near future.

If I sound bitter it's because I am... I have over 215 BTC invested and will most likely never see it again.  That's on me, but the lack of communication from whomever 'Labcoin' is in my opinion is the real culprit here.  Not Vela or those manipulating the price for their own gain, in fact I can applaud their success.  If Labcoin was open and honest, there wouldn't have been any room for them to sling their FUD.

Labcoin, I don't know if you have noticed or not, but your stock has completely tanked due to non-existent investor confidence.  Your strategy of withholding information so that the bad news doesn't hurt the share prices has failed.  It's time for full disclosure, warts and all.  Tell us EXACTLY what is wrong and the steps you are taking to resolve them.  Tell us why Howard Wang is no longer involved and if/when he is being replaced.  In short, and I don't use expletives casually, TELL US WHAT THE FUCK IS GOING ON!

[twentyseventy]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

What did you expect? This is why I stated escrow mandatory for my bets (that one dared to take).

I know that he wasn't a hero member or anything, but I figured it was a safe bet, so I took it. The chance of him not paying out were factored into the odds, but I still expect him to pay out and to keep his word, unless he just scammer-bails.

[KarmaShark]

I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare

Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.

moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv

What did you expect? This is why I stated escrow mandatory for my bets (that one dared to take).

I know that he wasn't a hero member or anything, but I figured it was a safe bet, so I took it. The chance of him not paying out were factored into the odds, but I still expect him to pay out and to keep his word, unless he just scammer-bails.

There is very little honour among Men these days, consider yourself lucky if he proves to be a Man of integrity. Escrow up front or you can call them out on their lack of fortitude from the start, we'll shame them out of here in time.