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

[Luckybit]

I just wanted to visit real quick and let people know that I will not be moderating or participating in the IRC Q/A. I was for a long time, and would still be happy to relay news for Labcoin but the fact is that I have had very little to report lately and had to withstand quite a few accusations from several people on the forum.

Without information to provide, and having been put in a situation where I had to "break my word" several times to simply to lack of communication i have full understanding that investors and the public in general is upset but the fact is that I have never had any inside information on the project and have always just attempted to relay the status and information that I have been provided with.

For what it's worth I still don't see any reason to believe the project is a Scam and I myself have not, and do not intend to sell the shares I own.

This post is not means as critique towards Labcoin, but I feel that to regain confidence the Labcoin team themselves need to answer the questions from the forum directly so that there is just no possibility for any misunderstanding or miscommunication.

Prove it. Make your portfolio public. If you do not then you've done nothing to change the opulent perception the community has of you.

I own other shares then Labcoin and prefer not to make my portfolio public, but to give some insight I can say that I currently own 30.000 shares in Labcoin at an average purchase price of around 0.0027.

Given that I purchased shares in the IPO and did sell some several weeks ago I will likely still end up making some Coin but I can assure you that any idea that I would have made anywhere even remotely close to 900BTC is absolutely false.

As for holding the shares still, I feel that the Project still has a chance of turning a bad situation around. Only time will tell if I am correct of course.

I don't accuse you of making 900BTC. Can you post a screen shot of your portfolio and redact everything except for the Labcoin portion? That would be enough to satisfy us.

We do not want to invade your privacy. We just want some transparency with so much money on the line and so many dreams at stake. If you have 30,000 shares then you know how it feels to see the price going to 0.00001 with no indication of recovery or even an exchange.

I am mobile right now and with no Yubikey access (my choice of 2 factor) but can definitely post a screenshot of this in a few hours at the latest.

Okay thanks. That would be appreciated and do a lot to restore your credibility.

[1715090453]

1715090453

[1715090453]

1715090453

[1715090453]

1715090453

[1715090453]

1715090453

[iCEBREAKER]

Does the Swede or anyone else at least know what time the IRC Q&A will be? 

I have not getting any information from the team regarding the Q/A.

Amazing Company!^TM

[auto2nr1]

Does the Swede or anyone else at least know what time the IRC Q&A will be? 

I have not getting any information from the team regarding the Q/A.

How do you keep in touch with "the team". When you speak of "the team" you are referring to Sam correct? How do the two of you communicate? PM's? Skype? Phone?

[kingcrimson]

The players of the scam have been outed. We caught them, red handed. There will be no Q and A.
It is over. Swede is in 'get out cleanly' mode considering there is no way in hell anyone can debunk the connections we made.
And everyone please stop saying 'Sam' we have proven he is Alberto or Alessia.

[dhenson]

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

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

Labcoin claimed when asked about the missing MILLION shares that they were used to pay you.  Could you please confirm or deny that assertion?

[Luckybit]

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

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

Labcoin claimed when asked about the missing MILLION shares that they were used to pay you.  Could you please confirm or deny that assertion?

A million shares isn't 900 BTC though or is it?

Anyway, TheSwede said he will show his 30,000 shares in a few hours. He is known to at least keep his schedules and dates.

[auto2nr1]

I don't accuse you of making 900BTC. Can you post a screen shot of your portfolio and redact everything except for the Labcoin portion? That would be enough to satisfy us.

We do not want to invade your privacy. We just want some transparency with so much money on the line and so many dreams at stake. If you have 30,000 shares then you know how it feels to see the price going to 0.00001 with no indication of recovery or even an exchange.

I am mobile right now and with no Yubikey access (my choice of 2 factor) but can definitely post a screenshot of this in a few hours at the latest.

Okay thanks. That would be appreciated and do a lot to restore your credibility.

+1

[dhenson]

A million shares isn't 900 BTC though or is it?

One million shares sold @ .003 would have been 3000 btc.  You can't say how much shares are worth without a timeframe.

[dhenson]

thSwede,  Could you please take a moment to respond to these two questions?  I think the answers if truthful and non-damaging would help a lot.

theSwede, who all have you had contact with?

Alessia? If so, when was the last time?
Sam? If so, were you on a Skype or phone conversation where you could infer nationality?

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

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

Labcoin claimed when asked about the missing MILLION shares that they were used to pay you.  Could you please confirm or deny that assertion?

[twentyseventy]

thSwede,  Could you please take a moment to respond to these two questions?  I think the answers if truthful and non-damaging would help a lot.

theSwede, who all have you had contact with?

Alessia? If so, when was the last time?
Sam? If so, were you on a Skype or phone conversation where you could infer nationality?

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

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

Labcoin claimed when asked about the missing MILLION shares that they were used to pay you.  Could you please confirm or deny that assertion?

labcoin never said that they were used to pay Swede. They were used to pay team members, like Swede, Alessia, etc. Alessia sold one of those three infamous Avalons to raise funds for the initial tape out

I helped her sell it and received 1500 shares in compensation.

[dhenson]

labcoin never said that they were used to pay Swede. They were used to pay team members, like Swede, Alessia, etc. Alessia sold one of those three infamous Avalons to raise funds for the initial tape out

I helped her sell it and received 1500 shares in compensation.

Thank you for that info, but they did indeed claim to use shares to pay theSwede (check the quote in your post).

[KS]

thSwede,  Could you please take a moment to respond to these two questions?  I think the answers if truthful and non-damaging would help a lot.

theSwede, who all have you had contact with?

Alessia? If so, when was the last time?
Sam? If so, were you on a Skype or phone conversation where you could infer nationality?

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

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

Labcoin claimed when asked about the missing MILLION shares that they were used to pay you.  Could you please confirm or deny that assertion?

labcoin never said that they were used to pay Swede. They were used to pay team members, like Swede, Alessia, etc. Alessia sold one of those three infamous Avalons to raise funds for the initial tape out

I helped her sell it and received 1500 shares in compensation.

You know who she sold it to? (yes/no -don't have to say a name)

[dhenson]

And just to be clear, I've lost 193 btc so far on this company.  I want very much for them to be legit so I can possible make that money back.

Unfortunately these questions, in my mind at least need to be answered before I can start to piece this broken puzzle back together.  These are questions theSwede has answers to.

[jeffhuys]

Phew, and I thought I was in a shitty position with 0.3 lost 

[ishkur]

thSwede,  Could you please take a moment to respond to these two questions?  I think the answers if truthful and non-damaging would help a lot.

theSwede, who all have you had contact with?

Alessia? If so, when was the last time?
Sam? If so, were you on a Skype or phone conversation where you could infer nationality?

A Labcoin appears just as the price tanks. Haven't we seen that before?

Also, where's the million shares?

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

Labcoin claimed when asked about the missing MILLION shares that they were used to pay you.  Could you please confirm or deny that assertion?

labcoin never said that they were used to pay Swede. They were used to pay team members, like Swede, Alessia, etc. Alessia sold one of those three infamous Avalons to raise funds for the initial tape out

I helped her sell it and received 1500 shares in compensation.

Can you post a screenshot of the 1500 shares transfer

[dhenson]

That was a fake post.

What do you mean by that, please elaborate.

[dhenson]

That was a fake post.

What do you mean by that, please elaborate.

That guy was just trolling. Look at his post history. He is not a Labcoin team member.

Actually, I think it was already established as legit.  Not trying to be contrary, but it was a legit post.

[dwdoc]

That was a fake post.

What do you mean by that, please elaborate.

That guy was just trolling. Look at his post history. He is not a Labcoin team member.

Actually, I think it was already established as legit.  Not trying to be contrary, but it was a legit post.

I know there is evidence that Alessia (delaria) purchased Avalons, but what makes you think twentyseventy was involved?  I guess I missed that post.

Edit: I stand corrected. Twentyseventy was involved with Alessia and her Avalons per below.

[BitCsByBit]

That was a fake post.

What do you mean by that, please elaborate.

That guy was just trolling. Look at his post history. He is not a Labcoin team member.

Actually, I think it was already established as legit.  Not trying to be contrary, but it was a legit post.

I know there is evidence that Alessia (delaria) purchased Avalons, but what makes you think twentyseventy was involved?  I guess I missed that post.

twentyseventy has stated multiple times that he has helped Alessia sell one of the Avalons to someone in USA a while back and today he stated that, as a reward for his efforts, he received 1500 shares.

[ShroomsKit]

Where can i read the answers of the q&a?