JohnyBigs
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October 08, 2013, 02:17:01 AM |
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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.
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ishkur
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October 08, 2013, 02:33:02 AM |
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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.
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bitmoon
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October 08, 2013, 02:40:50 AM |
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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.
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bitmoon
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October 08, 2013, 02:55:56 AM |
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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.
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alphaking
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October 08, 2013, 03:32:54 AM |
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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.
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BitThink
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October 08, 2013, 04:05:57 AM |
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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.
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drawingthesun
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October 08, 2013, 04:49:23 AM |
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Did we ever get to the bottom of the 800GH/s? Was it Labcoin chips after all?
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bclcjunkie
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October 08, 2013, 05:50:03 AM |
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+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.
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drawingthesun
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October 08, 2013, 06:11:06 AM |
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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
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BitThink
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October 08, 2013, 06:18:43 AM |
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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.
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drawingthesun
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October 08, 2013, 06:21:34 AM |
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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 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
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BitThink
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October 08, 2013, 06:22:14 AM |
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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.
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drawingthesun
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October 08, 2013, 06:26:09 AM |
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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.
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BitThink
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October 08, 2013, 06:27:00 AM |
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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 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.
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bclcjunkie
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October 08, 2013, 06:29:08 AM |
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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.
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drawingthesun
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October 08, 2013, 06:29:20 AM |
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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.
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BitThink
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October 08, 2013, 06:30:06 AM |
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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.
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drawingthesun
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October 08, 2013, 06:33:09 AM |
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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?
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bitmoon
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October 08, 2013, 06:39:08 AM |
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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
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