Bitcoin Forum
March 28, 2024, 01:42:36 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 [851] 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 ... 914 »
  Print  
Author Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)  (Read 1079883 times)
JohnyBigs
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250


View Profile
October 08, 2013, 02:17:01 AM
 #17001

What actions we could do on Fabriazio and Allessia Tatti? We cannot just let them to be there enjoying their success.

We should do a group buy for pitchforks.

Well if Sam/Fabrizio disappears, we can report them to the SEC, so they can get fucked and extradited nicely.
1711633356
Hero Member
*
Offline Offline

Posts: 1711633356

View Profile Personal Message (Offline)

Ignore
1711633356
Reply with quote  #2

1711633356
Report to moderator
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
ishkur
Full Member
***
Offline Offline

Activity: 219
Merit: 100


View Profile
October 08, 2013, 02:33:02 AM
 #17002

What actions we could do on Fabriazio and Allessia Tatti? We cannot just let them to be there enjoying their success.

We should do a group buy for pitchforks.

Well if Sam/Fabrizio disappears, we can report them to the SEC, so they can get fucked and extradited nicely.

We have a lot of options available.   Some good ideas were brought up.
bitmoon
Sr. Member
****
Offline Offline

Activity: 242
Merit: 250


View Profile
October 08, 2013, 02:40:50 AM
 #17003

What actions we could do on Fabriazio and Allessia Tatti? We cannot just let them to be there enjoying their success.

We should do a group buy for pitchforks.

Well if Sam/Fabrizio disappears, we can report them to the SEC, so they can get fucked and extradited nicely.

so next is wait until 15th october, if something good, then cool, if nothing, then truth has to go down our throat.

next we not wait, but see what happens on 30th october, when he told us long time ago to wait until 30th oct.

if nothing, then scam thing is materialized.  to hell wait the december thing for 500T lol.

jeez, Theseven if u reading, why not help us after 1st promise broke n so on, u know u experience same bad communication with them,  why not help us get out sooner or atleast make us to make share valued lower due to the risk sooner.

if u liked working on 65nm for labcoin, is that why u not help us?  now from QA labcoin halted 65nm development, so he technically put u off work?

why not resign working for them and alert us, this has griefed so many investors.

man, theseven, i invested cuase i saw your name in contract tab in team, lol, cuase u r legit.
bitmoon
Sr. Member
****
Offline Offline

Activity: 242
Merit: 250


View Profile
October 08, 2013, 02:55:56 AM
 #17004

funny thing, its kinda last day until trade stops, if they are scam, the bid should have collapsed to zero by the 2 million share dump, but they didnt.

also keep in mind, burnside added for us another 24 hour, which we didnt know before btct down, so if labcoin hurried to dump the 2million to get away, they would have been exposed, becuase burnside added 24hour again, yet they didnt dump.  

if they did and crashed it to zero, then burnside added 24hour again, then i bet burnside will notice it too(properly take action). yet again, labcoin didnt dump, seems not scam.

think clearly guys, they didnt dump as we thought, assuming bitfunder wont take them, and investors hate them.

it could be legit with seroius poor working/communication problems, or they are so smart, and want to continue this crap to bitfunder and continue milking us.

alphaking
Member
**
Offline Offline

Activity: 98
Merit: 10



View Profile
October 08, 2013, 03:32:54 AM
 #17005

funny thing, its kinda last day until trade stops, if they are scam, the bid should have collapsed to zero by the 2 million share dump, but they didnt.

also keep in mind, burnside added for us another 24 hour, which we didnt know before btct down, so if labcoin hurried to dump the 2million to get away, they would have been exposed, becuase burnside added 24hour again, yet they didnt dump.  

if they did and crashed it to zero, then burnside added 24hour again, then i bet burnside will notice it too(properly take action). yet again, labcoin didnt dump, seems not scam.

think clearly guys, they didnt dump as we thought, assuming bitfunder wont take them, and investors hate them.

it could be legit with seroius poor working/communication problems, or they are so smart, and want to continue this crap to bitfunder and continue milking us.



Most of us already figure out that labcoin recruited developers from odesk as Howard said.
Without solid proofs that they are competent to tape out what we anticipated, I won't trust labcoin again.
BitThink
Legendary
*
Offline Offline

Activity: 882
Merit: 1000



View Profile
October 08, 2013, 04:05:57 AM
 #17006

funny thing, its kinda last day until trade stops, if they are scam, the bid should have collapsed to zero by the 2 million share dump, but they didnt.

also keep in mind, burnside added for us another 24 hour, which we didnt know before btct down, so if labcoin hurried to dump the 2million to get away, they would have been exposed, becuase burnside added 24hour again, yet they didnt dump.  

if they did and crashed it to zero, then burnside added 24hour again, then i bet burnside will notice it too(properly take action). yet again, labcoin didnt dump, seems not scam.

think clearly guys, they didnt dump as we thought, assuming bitfunder wont take them, and investors hate them.

it could be legit with seroius poor working/communication problems, or they are so smart, and want to continue this crap to bitfunder and continue milking us.



2 million shares to 0.0001, not 0. Really surprised so many people still want to throw their BTCs away.

No matter what they do now, we have to accept the following facts.
1) They hadn't found a foundry on 20 Aug. But they claimed they received the chips on 28 Aug and posted the photo of chips on 29 Aug.
2) They claimed they were hashing at 2TH on 10 Sep, but only admitted the real hashing rate was only 800GH after 3 weeks.
3) Nothing promised in IRC chat has been done after more than one week.

Do you still want to pump the price so that you could pass your hot potatoes to the last victims? Then you are not so different from them at all.
drawingthesun
Legendary
*
Offline Offline

Activity: 1176
Merit: 1015


View Profile
October 08, 2013, 04:49:23 AM
 #17007

Did we ever get to the bottom of the 800GH/s? Was it Labcoin chips after all?
bclcjunkie
Hero Member
*****
Offline Offline

Activity: 833
Merit: 1001



View Profile
October 08, 2013, 05:50:03 AM
 #17008

+1 come on guys have some ethics this shit stock aint worth pumping and passing it around...

funny thing, its kinda last day until trade stops, if they are scam, the bid should have collapsed to zero by the 2 million share dump, but they didnt.

also keep in mind, burnside added for us another 24 hour, which we didnt know before btct down, so if labcoin hurried to dump the 2million to get away, they would have been exposed, becuase burnside added 24hour again, yet they didnt dump.  

if they did and crashed it to zero, then burnside added 24hour again, then i bet burnside will notice it too(properly take action). yet again, labcoin didnt dump, seems not scam.

think clearly guys, they didnt dump as we thought, assuming bitfunder wont take them, and investors hate them.

it could be legit with seroius poor working/communication problems, or they are so smart, and want to continue this crap to bitfunder and continue milking us.



2 million shares to 0.0001, not 0. Really surprised so many people still want to throw their BTCs away.

No matter what they do now, we have to accept the following facts.
1) They hadn't found a foundry on 20 Aug. But they claimed they received the chips on 28 Aug and posted the photo of chips on 29 Aug.
2) They claimed they were hashing at 2TH on 10 Sep, but only admitted the real hashing rate was only 800GH after 3 weeks.
3) Nothing promised in IRC chat has been done after more than one week.

Do you still want to pump the price so that you could pass your hot potatoes to the last victims? Then you are not so different from them at all.
drawingthesun
Legendary
*
Offline Offline

Activity: 1176
Merit: 1015


View Profile
October 08, 2013, 06:11:06 AM
 #17009

funny thing, its kinda last day until trade stops, if they are scam, the bid should have collapsed to zero by the 2 million share dump, but they didnt.

also keep in mind, burnside added for us another 24 hour, which we didnt know before btct down, so if labcoin hurried to dump the 2million to get away, they would have been exposed, becuase burnside added 24hour again, yet they didnt dump.  

if they did and crashed it to zero, then burnside added 24hour again, then i bet burnside will notice it too(properly take action). yet again, labcoin didnt dump, seems not scam.

think clearly guys, they didnt dump as we thought, assuming bitfunder wont take them, and investors hate them.

it could be legit with seroius poor working/communication problems, or they are so smart, and want to continue this crap to bitfunder and continue milking us.



Do you want to know what the most likely case is?

They have been buying shares back for a while now and have no need to dump. Most of the investors have already got out even taking huge loses.

At the end of this saga, they will own 95% of the company and have several thousand Bitcoin to spare (as they started to buy back shares after they fell past IPO price)

Once they have drawn this out for long enough they will offer the small amount of remaining shareholders a buyback price. Only a few hundred thousand shares will remain and it will stop the witch hunt that might follow.

Think about it, now they don't need to worry about 95% of the shareholder because only a few remain. They are the majority shareholder. They could even pay out 100% of remaining funds NOW to the shareholders and they would in effect pay off the 5% of real shareholders left and they get the rest.

Not bad for a few months work (3000 - 6000 bitcoin left)

Remember IPO funds were for 65nm, and we never even got the legacy 130nm to work.

EDIT: I doubt the bagholders will see this as I am on their ignore list after telling people to sell at 0.002
BitThink
Legendary
*
Offline Offline

Activity: 882
Merit: 1000



View Profile
October 08, 2013, 06:18:43 AM
 #17010

funny thing, its kinda last day until trade stops, if they are scam, the bid should have collapsed to zero by the 2 million share dump, but they didnt.

also keep in mind, burnside added for us another 24 hour, which we didnt know before btct down, so if labcoin hurried to dump the 2million to get away, they would have been exposed, becuase burnside added 24hour again, yet they didnt dump.  

if they did and crashed it to zero, then burnside added 24hour again, then i bet burnside will notice it too(properly take action). yet again, labcoin didnt dump, seems not scam.

think clearly guys, they didnt dump as we thought, assuming bitfunder wont take them, and investors hate them.

it could be legit with seroius poor working/communication problems, or they are so smart, and want to continue this crap to bitfunder and continue milking us.



Do you want to know what the most likely case is?

They have been buying shares back for a while now and have no need to dump. Most of the investors have already got out even taking huge loses.

At the end of this saga, they will own 95% of the company and have several thousand Bitcoin to spare (as they started to buy back shares after they fell past IPO price)

Once they have drawn this out for long enough they will offer the small amount of remaining shareholders a buyback price. Only a few hundred thousand shares will remain and it will stop the witch hunt that might follow.

Think about it, now they don't need to worry about 95% of the shareholder because only a few remain. They are the majority shareholder. They could even pay out 100% of remaining funds NOW to the shareholders and they would in effect pay off the 5% of real shareholders left and they get the rest.

Not bad for a few months work (3000 - 6000 bitcoin left)

Remember IPO funds were for 65nm, and we never even got the legacy 130nm to work.

EDIT: I doubt the bagholders will see this as I am on their ignore list after telling people to sell at 0.002
Actually now you are suggesting people to hold the shares in the hope of they finally refund them. Not a bad idea, but that really needs a lot of pressure from the community. They will not refund if not being pushed hard enough.
drawingthesun
Legendary
*
Offline Offline

Activity: 1176
Merit: 1015


View Profile
October 08, 2013, 06:21:34 AM
 #17011

Actually now you are suggesting people to hold the shares in the hope of they finally refund them.

Actually I am not suggesting to hold the shares, if this is a scam I expect a buyback at some point but I doubt it would be anything significant. Think of Labcoin and Active Mining as a stupid tax.

I would think a reasonable buyback at 0.0001 otherwise they are just giving bitcoin away.

Disclaimer: I held Labcoin and sold, but I also hold Active Mining and am one of the "stupids" unfortunately Sad

EDIT: remember the buyback amount depends on how many shares they have acquired using other accounts. If I am wrong and they hold less than 95% of shares, then the buyback would have to be far less than 0.0001 to make the scam worthwhile. If they hold 99%, they might just not bother with a buyback at all because not enough people will be left to complain.

Labcoin owns 99% shares, reasonable buyback = 0 (no point, not enough share holders to complain)
Labcoin owns 98% shares, reasonable buyback = 0.00015
Labcoin owns 95% shares, reasonable buyback = 0.0001
Labcoin owns 90% shares, reasonable buyback = 0.00005
Labcoin owns 80% shares, reasonable buyback = 0.00001

BitThink
Legendary
*
Offline Offline

Activity: 882
Merit: 1000



View Profile
October 08, 2013, 06:22:14 AM
 #17012

Moreover, even they buyback all the shares at current price. They are still guilty and the witch hunting should not stop at all. We should not tolerate any scam if we want a better bitcoin world.
drawingthesun
Legendary
*
Offline Offline

Activity: 1176
Merit: 1015


View Profile
October 08, 2013, 06:26:09 AM
 #17013

Moreover, even they buyback all the shares at current price. They are still guilty and the witch hunting should not stop at all. We should not tolerate any scam if we want a better bitcoin world.

But ask yourself, who has shares left? Almost everyone is gone and has moved on. Only the last shareholder might complain.
BitThink
Legendary
*
Offline Offline

Activity: 882
Merit: 1000



View Profile
October 08, 2013, 06:27:00 AM
 #17014

Actually now you are suggesting people to hold the shares in the hope of they finally refund them.

Actually I am not suggesting to hold the shares, if this is a scam I expect a buyback at some point but I doubt it would be anything significant. Think of Labcoin and Active Mining as a stupid tax.

I would think a reasonable buyback at 0.0001 otherwise they are just giving bitcoin away.

Disclaimer: I held Labcoin and sold, but I also hold Active Mining and am one of the "stupids" unfortunately Sad

I don't think Labcoin is similar to ActM. ActM at least has a contract with eAsic and it's possible for them to get real chips and build real mining rigs. Labcoin is just one-man keeps lying.
bclcjunkie
Hero Member
*****
Offline Offline

Activity: 833
Merit: 1001



View Profile
October 08, 2013, 06:29:08 AM
 #17015

correct... and if that buyback materializes then it's considered deliberate act and would cause even more revolt.. they are already liable for my share losses and i'd hold their asses even more liable for making me sell shares at a loss so that they could buy them back... doesn't make sense to me...

Moreover, even they buyback all the shares at current price. They are still guilty and the witch hunting should not stop at all. We should not tolerate any scam if we want a better bitcoin world.
drawingthesun
Legendary
*
Offline Offline

Activity: 1176
Merit: 1015


View Profile
October 08, 2013, 06:29:20 AM
 #17016

I don't think Labcoin is similar to ActM. ActM at least has a contract with eAsic and it's possible for them to get real chips and build real mining rigs. Labcoin is just one-man keeps lying.

They are different, Labcoin is 99% a scam and ActiveMining is just too far behind.

ActiveMining was meant to have several TH/s in August, we are that far behind now.

EDIT: In fact Labcoin had more hashpower than ActM at one point.
BitThink
Legendary
*
Offline Offline

Activity: 882
Merit: 1000



View Profile
October 08, 2013, 06:30:06 AM
 #17017

Moreover, even they buyback all the shares at current price. They are still guilty and the witch hunting should not stop at all. We should not tolerate any scam if we want a better bitcoin world.

But ask yourself, who has shares left? Almost everyone is gone and has moved on. Only the last shareholder might complain.
Yes, I've sold all my shares. But it does not mean we have no right to sue them without shares. Scam has to be punished no matter we do or don't have their shares.
drawingthesun
Legendary
*
Offline Offline

Activity: 1176
Merit: 1015


View Profile
October 08, 2013, 06:33:09 AM
 #17018

Yes, I've sold all my shares. But it does not mean we have no right to sue them without shares. Scam has to be punished no matter we do or don't have their shares.

Well I wish you luck, the scamming in this community has to stop as its just disgusting.

But who do you sue? From what I have read every employee is passing the buck around. Someone has thousands of Bitcoin and needs to be taken down, but who?
bitmoon
Sr. Member
****
Offline Offline

Activity: 242
Merit: 250


View Profile
October 08, 2013, 06:39:08 AM
 #17019

i should have followed creative when he dumped out, i believed there few first promises, then doubt, then too late, dont forget, cuase theseven was in team, which made me stay.

pfff , WTF guys, something came into my head just now

labcoin when they started ipo-ing, they had howard guy in as team on contract tab, now it came to light from howard emails that he left the team before labcoin was listed.

therefore why the hell they listed howard in contract, even tho he is gone,  lol my red bell just ringed.

also in email when he said, he found out later about labcoin listed,  then why the hell he didnt alert investors that labcoin is using his name in contract.

Wow, i am having unbelievable moment right now, disgusting when i think about it. i fkin wish btcgarden is alive and labcoin gone before ipo lol, thats how i feel
BitCsByBit
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
October 08, 2013, 06:39:30 AM
 #17020

BTC Garden had to cancel their IPO but they still managed to produce ASIC chips and they have pictures to prove it!!!

http://imgur.com/ZovSsoO,R7NLNCy,D3JuFnL,979ZS0L,nRX6Jbw,6lgZaOP#0

Tipsy jar: 1HgfLMXiJQj9KZ7abLRh9rWuR7dgeSyub4
Pages: « 1 ... 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 [851] 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 ... 914 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!