Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 129. (Read 1079974 times)

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

Outsourcing sounds like a sane decision. If one cant do it alone he should let others, with more knowledge, do it. Sometimes admitting that you dont know further is a hard thing. So i see this as a good sign.

Anyway... keeping aside all this emotions, the fear and talk... i still see a company that has slight results, problems with hardware and time problems. As if this is something new for asic companies...

Besides that i did not find a real reason that this is would be a scam. And it doesnt make sense anyway to move this on after you already got all the money from IPO.

Whatever... the price is low enough to buy in. Panic is not a real indicator for the worth of future divs. And im only interested in divs. With this shareprice the relation between potential reward and total loss is good.

Some people should keep the saying "never trade on emotions" in mind. Thats prone to errors. And i fall for it often enough. Saying that... its still possible to lose everything... but what i see doesnt look to me like something that justifies crashing the price.

At the end its a gamble like every investment... and the lots are cheap now.

Quote For Truth.

You can get the help you need. Ask for it.

Date: September, 2013 Email: [email protected]

To Whom It May Concern,

               INVESTMENT PROPOSAL OF $8.350 MILLION DOLLARS

I would respectfully request that you keep the contents of this email confidential and respect the integrity of the information you come by as a result of this letter. I contact you independently and no one is informed of this communication.

My name is Kuen Yang working with Hong Leong Bank, Hong Kong; I am getting in touch with you regarding the estate of a deceased client with similar last name and an investment placed under the banks management.

In 2001, Mr. Albert came to my office to engage in business discussions with our private banking division. He informed us that he had a financial portfolio of $8.350 million United States Dollars, which he wished to have us invest on his behalf.

Based on my advice, we spun the money around various opportunities and made attractive margins for our first months of operation, the accrued profit and interest plus capital stood at this point at over 10 million United States Dollars. In mid 2002, he instructed that the principal sum ($8.350 Million USD) be liquidated because he needed to make an urgent investment requiring cash payments.

We got in touch with a specialist bank namely Public Bank who agreed to receive this money for a fee and make cash available to our client. However Public Bank got in touch with us last year that this money has not been claimed. On further enquiries we found out that Albert was involved in an accident. He has no next of kin, which means he died intestate and the reason I am writing you is because you are namesakes sharing the same last name.

What I propose is that since I have exclusive access to his file, you will be made the beneficiary of these funds. Public Bank will contact you informing you that money has been willed to you. On verification, which will be the details I make available to Hong Leong Bank. Public Bank will be instructed to make payments to you after all the necessary verification and application is done. You do not need to have known Albert. I know this might be a bit heavy for you but please trust me on this. For all your troubles I propose that we split the money in half. In the banking circle this happens every time. The other option is that the money will revert back to the state after the stipulated time span.

Nobody is getting hurt; this is a lifetime opportunity for us. I hold the KEY to these funds, and as a Hong Kong National we see so much cash and funds being re-assigned daily. I would want us to keep communication for now strictly by the above telephone and email.

Please, again, note I am a family man; I have a wife and children. I send you this mail not without a measure of fear as to the consequences, but I know within me that nothing ventured is nothing gained and that success and riches never come easy or on a platter of gold. This is the one truth I have learned from my private banking clients. Do not betray my confidence. If we can be of one accord, we should act swiftly on this. Please get back to me immediately via the email above.

I await your response.

Your Friend and Partner.

Mr. Kuen Yang

There are lots of technically skilled people on these boards.  If you'd been up front about the problems we might have been able to help you fix them.

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow in two weeks.

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

I am not qualified in hardware development, i do have a general IT background and have managed several software development projects.
We will try our best to reply all questions during the session tomorrow.

Could you please give us your qualifications?  It is the impression of your investors that Howard Wang was the 'brains' and he is now gone.  Now that you have admitted to outsourcing the troubleshooting of your current hardware problems is it safe to assume that at this point the problems are unknown and we don't know if they will be resolved?

Also, you've claimed to order 100k additional chips.  This would imply that the problem isn't with the chips, rather with the boards.  However, your initial estimates were 5GH/chip but subsequent updates mentioned 1.7GH/chip.  

Could you please give us technical details of the problems you are having and the steps you are taking to resolve them?

Can you provide a resume for yourself?  

Specifically, what is your experience in the area of hardware development?

I do confirm my identity as Samuel Noi, the team structure has changed since when the project started.
Howard Wang left the project in August and left for the U.S. to complete his studies and work there.
Michael Sparmann  has consulted for us and developed software for the 65nm interface and currently is in touch with me, awaiting for a chat with the new technical team.
The ownership of the company will be passed from Mr. Tatti to me during the next month.

I do confirm my identity as Samuel Noi, the team structure has changed since when the project started.
Howard Wang left the project in August and left for the U.S. to complete his studies and work there.
Michael Sparmann  has consulted for us and developed software for the 65nm interface and currently is in touch with me, awaiting for a chat with the new technical team.
The ownership of the company will be passed from Mr. Tatti to me during the next month.

I do confirm my identity as Samuel Noi, the team structure has changed since when the project started.
Howard Wang left the project in August and left for the U.S. to complete his studies and work there.
Michael Sparmann  has consulted for us and developed software for the 65nm interface and currently is in touch with me, awaiting for a chat with the new technical team.
The ownership of the company will be passed from Mr. Tatti to me during the next month.

I do confirm my identity as Samuel Noi,