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

[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.

Can you post a screenshot of the 1500 shares transfer

I really don't have a reason to lie. To answer someone else's question, yes, I do know who she sold it to and I know for a fact that the transaction did complete successfully.

Here's a screenshot of the transfer-in from labcoin. I haven't talked to her since the transaction completed and I don't have any sort of insider information. I didn't even know about LC when we began trying to sell them (a month or so before the IPO).

[pedrog]

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

If it ever happens someone will share the log.

[ronaldlee0917]

Timer removed. End time: 2013-09-30+1:52:19UTC

Broken promise again?

[TsuyokuNaritai]

Timer removed. End time: 2013-09-30+1:52:19UTC

Broken promise again?

Is that for the end of "tomorrow" in any particular time zone, or just an arbitrary 24hrs after the announcement of "tomorrow"?

[ronaldlee0917]

Ok, this confirms Alessia = Sam = Labcoin, at least she has access to the account "labcoin" on btct, "Sam" was lying to us Alessia was out early in the project.

[ronaldlee0917]

Timer removed. End time: 2013-09-30+1:52:19UTC

Broken promise again?

Is that for the end of "tomorrow" in any particular time zone, or just an arbitrary 24hrs after the announcement of "tomorrow"?

24 hours after the announcement.

[dhenson]

Ok, this confirms Alessia = Sam = Labcoin, at least she has access to the account "labcoin" on btct, "Sam" was lying to us Alessia was out early in the project.

08/08/2013 is still pretty early. 


Though what could possibly be more important to whomever is in control of the Labcoin account than honoring the Q&A.

[kmtan]

i sold out labcoin share after a week i buy in the BTCT...
feel bad..

[BitCsByBit]

Outstanding shares = 9999996. 4 shares are gone missing = scam   

[Fordee]

Timer removed. End time: 2013-09-30+1:52:19UTC

Broken promise again?

Is that for the end of "tomorrow" in any particular time zone, or just an arbitrary 24hrs after the announcement of "tomorrow"?

24 hours after the announcement.

Aaaaand  Time's up.

[TsuyokuNaritai]

Outstanding shares = 9999996. 4 shares are gone missing = scam   

People are sending their shares back in protest.

[twentyseventy]

Ok, this confirms Alessia = Sam = Labcoin, at least she has access to the account "labcoin" on btct, "Sam" was lying to us Alessia was out early in the project.

I believe that, at some point, Alessia and Sam both had access to the account. That's why 'delaria' is the skype username. I contacted both TheSwede75 and labcoin to get in touch with Alessia when she dropped off the radar for a little bit and we had yet to complete the transaction.

Again, no real reason to lie here. I currently hold 7500 shares that I've bought on-market. I'll likely hold these just to see if anything comes of it all. Because Alessia was willing to sink $15,000 into the project (how much the one Avalon sold for), I figure it's probably not a scam.

I hope that those involved in LC don't mind me posting all of this; there's not too much to tell anyway.

[dexX7]

I believe that, at some point, Alessia and Sam both had access to the account. That's why 'delaria' is the skype username. I contacted both TheSwede75 and labcoin to get in touch with Alessia when she dropped off the radar for a little bit and we had yet to complete the transaction.

Can you please elaborate why you think so? The more detail about this (and maybe the rest?), the better.. thank you very much.

[TsuyokuNaritai]

"these guys are overly suspicious, rightly so."

 

[twentyseventy]

"these guys are overly suspicious, rightly so."

 

I believe that that was Alessia and that she meant that all buyers of BTC securities should be suspicious about who they're investing in.

Alessia (90%) of the time finishes messages with 'Cheers', so much so that I'm nearly positive that that was from her.

[dhenson]

Do we know under what circumstances she left the company?  It doesn't really make sense that she would gather all of the participants and sell 1/3 of her hashpower and then bail for no reason.

I'm ready for the Q&A now labcoin if you care to join us?

edit...

cheers!

[dwdoc]

As has been pointed out, both she and "Sam" use the small case "i" (used by Italians?).

[kingcrimson]

twentyseven, you knew this Alessia figure was involved in Labcoin for almost two months and you didn't think to mention it? Sorry but when it goes down people are going to wonder why you have been covering for a known scammer all this time.

No one would have touched Labcoin with a ten foot pole if her name was associated with it up front. Rightly so.

[twentyseventy]

twentyseven, you knew this Alessia figure was involved in Labcoin for almost two months and you didn't think to mention it? Sorry but when it goes down people are going to wonder why you have been covering for a known scammer all this time.

No, I don't know anything about what circumstances she left the company.

king crimson, you've been one of the worst trolls here, so I'm loathe to even respond to you. I'm not covering for anyone, I'm not saying that they'll be successful. Yes, I did sit on this information, but I don't think it's even that substantial. I sold out everything I had a whole ago, took a good amount of profit (mostly bought on the market) and was out for a while. I'm back in now to see where everything goes.

Don't take this as a defense, I want answers just like everyone else.

[kingcrimson]

You should be thankful I exposed the Alessia/Alberto connection, instead calling me a troll. I have probably saved the Labcoin operation from scamming people for the next month and taking thousands more coins away from people.

Good luck with that Q & A by the way. The players have been 100 % exposed, it's not going to happen.