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

[AngelSky]

Mabsark's logic:

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

[Mabsark]

Then why are over 2 million shares still in the initial account?the scam makes 0 sense unless all the shares were traded. Burnside said the other day 66% of shares are still in the initial account. A sensible answer is that wang and other team members have been paid the shares.

Data on this:

Labcoin's statement (asset news):

Due to inquiries LABCOIN has received from investors, the founders and developers involved in the LABCOIN project has decided to voluntarily lock in 75% of all shares owned by the LABCOIN core team for 12-months.

This means that no founder or developer owning shares in LABCOIN will sell an excess of 25% of their shares for at least 365 days from today's date.

0.75 x 3,000,000 = 2,250,000.

First response from burnside:

I hope the LABCOIN guys don't mind me disclosing this.  Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name.  The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

0.85 x 3,000,000 = 2,550,000

Latest, but somewhat fuzzy response:

I see ~2 million currently held in their account.  I do not know however if some were sold, or if they were simply transferred to another account that is also a holding account. So this is inconclusive information.

And also:

Some amounts of shares were used as payouts for team members, ...

I won't draw any conclusion, it's up to subjective interpretation of the situation given the vague facts.

We always knew that shares where going to be given to team members so I don't see any problem with that. Also, the fact their account has about 2 million shares, does not mean any shares at all have been sold. It simply means those shares are not in that account, which they shouldn't be if they were given to team members as payment. Those "missing shares" could very well be in team members accounts who haven't sold a single one.

There's simply no evidence suggesting what has happened to these shares. Until actual proof is brought forth, claiming that these shares have been sold is an outright lie.

OMG, still in the denial? Haven't sold yet?

I've sold and bought many times. I've made my money back (and then some) which is now sitting on BitFunder in AM shares. I also now have 10,000 LC shares. Like I've already told you and the other idiots around here, I'm in this to make profit, not because I'm some idiotic fanboy who worships companies.

If Labcoin turns out to be a complete failure or a total scam, I'll have still made a profit from them, even if those 10,000 shares become worthless. You guys are just jealous because you haven't been able to do the same.

[bitwhizz]

Yo mabsark, send me 7000  bitcoins, i have a mining device which does 100000 TH, i can;t show you any pictures of the chips as they are being using to mine, neither can i send you photos of the hardware as once again they are being used to mine, oh and the rigs won't show up on BTC guild, i have designed a software  which prevents the total hash rate of these miners from being  picked up, look forward to hearing from you

[Mabsark]

Mabsark's logic:

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Yeah, what was I thinking? It's clearly ridiculous to suggest that the obvious reason for chips being missing is because they had been used for their intended purpose. They surely just threw those chips away for no reason.

/sarcasm (for all the mentally challenged people in this thread)

[Mabsark]

Yo mabsark, send me 7000  bitcoins, i have a mining device which does 100000 TH, i can;t show you any pictures of the chips as they are being using to mine, neither can i send you photos of the hardware as once again they are being used to mine, oh and the rigs won't show up on BTC guild, i have designed a software  which prevents the total hash rate of these miners from being  picked up, look forward to hearing from you

No.

[bitwhizz]

thats where your wrong mabsark you will get 10 million shares, thats right mabsark 10 MILLION, but don;t worry, i am locking the other 40 million shares which means 80 percent of the shares are locked, no way i could possisibly scam , Right?

[Mabsark]

thats where your wrong mabsark you will get 10 million shares, thats right mabsark 10 MILLION, but don;t worry, i am looking the other 40 million shares which means 80 percent of the shares are locked, no way i could possisibly scam , Right?

Well, why didn't you say so. Can I buy 100 million shares for 70,000 BTC?

No? I don't care if you only need 7,000 BTC, I want to give you 70,000 BTC. Just shut up and take my money damn it! Okay you win, here's your 7000 BTC.

[KS]

An' it's going dooone again....


edit: last time to place your low low bids before total train wreck.

[GreekGeek]

An' it's going dooone again....


edit: last time to place your low low bids before total train wreck.

http://www.investopedia.com/terms/a/abandonment.asp

[KS]

An' it's going dooone again....


edit: last time to place your low low bids before total train wreck.

http://www.investopedia.com/terms/a/abandonment.asp

You mean, you're not an "investor"!??? 

[Mabsark]

An' it's going dooone again....


edit: last time to place your low low bids before total train wreck.

Here at Labcoin, every time is the last time.

[GreekGeek]

An' it's going dooone again....


edit: last time to place your low low bids before total train wreck.

http://www.investopedia.com/terms/a/abandonment.asp

You mean, you're not an "investor"!??? 

not any more  
but this thread is fun (even though I lost ~20BTC)

[KS]

An' it's going dooone again....


edit: last time to place your low low bids before total train wreck.

Here at Labcoin, every dime is the lost dime.

FTFY

[KS]

I hope this "is" a coincidence...


https://www.kncminer.com/news/news-37

Just a couple of quick updates from us at KnCMiner.
The big news is that all the production orders that are due for delivery before October 15th have now been confirmed with the factory for final assembly and our production schedule is now locked. As such, we are not able to make any more changes.
Over the past few days everyone who has requested shipment via UPS have had their address details confirmed and altered where needed. We still have many customers who have provided incorrect VAT details and we are contacting everyone affected by this, if you are not a registered company with real VAT number, you will have to pay VAT at the relevant rate.
We know that everyone is keen to see more photos and videos of the products and production so we will be releasing our launch video in the coming days. Look out for more news as it happens!

Cheers for this, very good news

wrong thread?

[BombaUcigasa]

Mabsark's logic:

Look at this picture though. Notice how some of the chips are missing?



The obvious reason for those chips being missing is because they are being mined with.

It's funny the way none of the FUD-spreaders can come up with a logical argument against this.

Yeah, what was I thinking? It's clearly ridiculous to suggest that the obvious reason for chips being missing is because they had been used for their intended purpose. They surely just threw those chips away for no reason.

/sarcasm (for all the mentally challenged people in this thread)

You still think those trays are delivered always completely occupied with chips, don't you?

[ssshhh]

I hope this "is" a coincidence...


https://www.kncminer.com/news/news-37

Just a couple of quick updates from us at KnCMiner.
The big news is that all the production orders that are due for delivery before October 15th have now been confirmed with the factory for final assembly and our production schedule is now locked. As such, we are not able to make any more changes.
Over the past few days everyone who has requested shipment via UPS have had their address details confirmed and altered where needed. We still have many customers who have provided incorrect VAT details and we are contacting everyone affected by this, if you are not a registered company with real VAT number, you will have to pay VAT at the relevant rate.
We know that everyone is keen to see more photos and videos of the products and production so we will be releasing our launch video in the coming days. Look out for more news as it happens!

Cheers for this, very good news

wrong thread?

29 September update
We took the decision to outsource the troubleshooting and final touches of the mining boards to an external party. Delivery of the finalized hardware will take place before 15 October.

As I questioned, coincidence?

[bitwhizz]

I hope this "is" a coincidence...


https://www.kncminer.com/news/news-37

Just a couple of quick updates from us at KnCMiner.
The big news is that all the production orders that are due for delivery before October 15th have now been confirmed with the factory for final assembly and our production schedule is now locked. As such, we are not able to make any more changes.
Over the past few days everyone who has requested shipment via UPS have had their address details confirmed and altered where needed. We still have many customers who have provided incorrect VAT details and we are contacting everyone affected by this, if you are not a registered company with real VAT number, you will have to pay VAT at the relevant rate.
We know that everyone is keen to see more photos and videos of the products and production so we will be releasing our launch video in the coming days. Look out for more news as it happens!

Cheers for this, very good news

wrong thread?

29 September update
We took the decision to outsource the troubleshooting and final touches of the mining boards to an external party. Delivery of the finalized hardware will take place before 15 October.

As I questioned, coincidence?

That is a coincidence........ but NO, KNC has nothing to do with Labcoin

Edit - i got it now

[KS]

I hope this "is" a coincidence...


https://www.kncminer.com/news/news-37

Just a couple of quick updates from us at KnCMiner.
The big news is that all the production orders that are due for delivery before October 15th have now been confirmed with the factory for final assembly and our production schedule is now locked. As such, we are not able to make any more changes.
Over the past few days everyone who has requested shipment via UPS have had their address details confirmed and altered where needed. We still have many customers who have provided incorrect VAT details and we are contacting everyone affected by this, if you are not a registered company with real VAT number, you will have to pay VAT at the relevant rate.
We know that everyone is keen to see more photos and videos of the products and production so we will be releasing our launch video in the coming days. Look out for more news as it happens!

Cheers for this, very good news

wrong thread?

29 September update
We took the decision to outsource the troubleshooting and final touches of the mining boards to an external party. Delivery of the finalized hardware will take place before 15 October.

As I questioned, coincidence?

Ah c.

So 4 to 8 "undisclosed" 500GH/s miners "shipping" now and another 40 to 80 around November. Good timing indeed.

[rainforst001]

https://i.imgur.com/bCNv8Bk.png
theswede buy rolex use our money

[KS]

Breaking news: BitFunder has tried to list LABCO.


"Secure Connection Failed
 
      
      
      
      
        
        
          An error occurred during a connection to bitfunder.com.

The OCSP server has no status for the certificate.

(Error code: sec_error_ocsp_unknown_cert)

        

        
        

  The page you are trying to view cannot be shown because the authenticity of the received data could not be verified.
  Please contact the website owners to inform them of this problem. Alternatively, use the command found in the help menu to report this broken site."