[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 137.

VolanicEruptor

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Activity: 392

Merit: 250

Quote from: Puppet on September 27, 2013, 05:21:18 AM

Quote from: Sou on September 27, 2013, 05:19:33 AM

Wild chaos theory:

Burnside shuts down btct after receiving information that Labcoin is indeed a scam. In an attempt to distance himself from the situation (and improve his legal defense) he shuts down btct after finding out.

UNlikely. Whether or not labcoin is a scam changes almost nothing about his liability. Its illegal to sell these shares, even if labcoin were a real enterprise.

Bump. This is exactly what is going on. Burnside needs to know that we know this, and is provable beyond a reasonable doubt.

redbeans2012

hero member

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Quote from: Puppet on September 28, 2013, 05:13:17 PM

I suggest a separate thread for doxing.

For the record, I posted my conversation with fabrizio earlier:
https://bitcointalksearch.org/topic/m.3246741

And howard wang's linkedin profile is also posted several times in this thread, he is no longer in HK, but in the US.

I think he is bullshitting.

Bitcycle

sr. member

Activity: 420

Merit: 250

As you read this thread, please keep in mind that many of the people posting here have bids down in the 0.0002 range, and their posts are often made in the hope of getting those orders filled.

That's not going to happen, they were too slow when the opportunity was here.

But they keep dreaming.

bitwhizz

legendary

Activity: 910

Merit: 1000

Quote from: Puppet on September 28, 2013, 05:13:17 PM

I suggest a separate thread for doxing.

For the record, I posted my conversation with fabrizio earlier:
https://bitcointalksearch.org/topic/m.3246741

And howard wang's linkedin profile is also posted several times in this thread, he is no longer in HK, but in the US.

Puppet

legendary

Activity: 980

Merit: 1040

I suggest a separate thread for doxing.

For the record, I posted my conversation with fabrizio earlier:
https://bitcointalksearch.org/topic/m.3246741

And howard wang's linkedin profile is also posted several times in this thread, he is no longer in HK, but in the US.

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: bitwhizz on September 28, 2013, 04:35:08 PM

Fabriozzi itec company is in

Unit 1010, Miramar Tower, 132 Nathan Road
Tsim Sha Tsui, Kowloon
Hong Kong,
HONG KONG
This location is infact a shopping center which probably has lots of small shops in it, which i presume itec would be one of them, therefore you have to ask the number below for itec pro store and undergoe further investigation such as asking if their is a shop and who owns it, etc etc, as these jerks behind labcoin are supposedly the ceo of this company

Hong Kong Office - Headquarter
Primary Contact Method

  Address : Unit 1010, 10/F, Miramar Tower, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
  Email : [email protected]
  Tel : (852) 8102 2592
  Fax : (852) 8102 2593

In the other labcoin thread, the 'Labcoin' account claiming to be Samual Noi stated that address was just a forwarding address. They don't actually have a storefront or a shop in the Miramar Tower.

bitwhizz

legendary

Activity: 910

Merit: 1000

Quote from: ishkur on September 28, 2013, 04:52:20 PM

I've reached out to fabrizio yesterday.

I am waiting for his reply.

How? email? voicemail?

ishkur

full member

Activity: 219

Merit: 100

I've reached out to fabrizio yesterday.

I am waiting for his reply.

bitwhizz

legendary

Activity: 910

Merit: 1000

Howard Wang

- Team Leader at Research Institute of Tsinghua University in Shenzhen

So surely we should be getting on the phone to the

''Research Institute of Tsinghua University in Shenzhen''

If we do this we could find out if Howard Wang is even a real person or an alias or whatever, i would but unfortunately i do not speak chineese

Administrative office: Room A402，the Research Institute of Tsinghua University in ShenZhen Building.
Address: Shenzhen High-Tech Industrial Estate ,Nanshan, shenzhen
Tel: 86-755-26551329
Fax: 86-755-26551038
Postal Code: 518057
E-mail: [email protected]
To visit us: By bus?Airport Line 8, 20, 51, 109, 121 Stop: Baishi Road

...
Secondly

Fabriozzi itec company is in

Unit 1010, Miramar Tower, 132 Nathan Road
Tsim Sha Tsui, Kowloon
Hong Kong,
HONG KONG
This location is infact a shopping center which probably has lots of small shops in it, which i presume itec would be one of them, therefore you have to ask the number below for itec pro store and undergoe further investigation such as asking if their is a shop and who owns it, etc etc, as these jerks behind labcoin are supposedly the ceo of this company

Hong Kong Office - Headquarter
Primary Contact Method

  Address : Unit 1010, 10/F, Miramar Tower, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong
  Email : [email protected]
  Tel : (852) 8102 2592
  Fax : (852) 8102 2593
Secondary Contact Method

If above primary contact do not work, please use below (which may happen when client is from certain country)

  Email : [email protected]
  Tel : (852) 3188 3539

This once again needs a call to make sure the information stated is correct that fabriozzi actually has an itec company, and would actually confirm the identity of samuel noi, if anyone can speak japanese please call them and pick at the reciever with lots of questions, also get the store number for itec pro, so you can pick at the emplyees with lots of questions, i don;t think we can take anything for facevalue anymore, we need to find if any information is true which they have given us

moribana

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Activity: 167

Merit: 100

Quote from: minerpart on September 28, 2013, 04:09:04 PM

Quote from: bitwhizz on September 28, 2013, 03:29:28 PM

why is labcoin going up? Huh

Pure manipulation. Big sellers are creating artificial buying interest to attract new buyers before dumping their large holdings onto them. Its a classic move, do not be hooked in, keep your money safe.

Doesn't seem very likely. You have to buy a lot more than you can sell.

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

Quote from: bitwhizz on September 28, 2013, 03:29:28 PM

why is labcoin going up? Huh

Pure manipulation. Big sellers are creating artificial buying interest to attract new buyers before dumping their large holdings onto them. Its a classic move, do not be hooked in, keep your money safe.

moribana

full member

Activity: 167

Merit: 100

Quote from: dwdoc on September 28, 2013, 03:41:30 PM

The reason is dropped so low was no news plus no hashing. Now there is just no news.

Well, hashing is also next to nothing...

zumzero

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Activity: 602

Merit: 500

myBitcoin.Garden

Price will drop below 0.0005 before to long.

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

The reason is dropped so low was no news plus no hashing. Now there is just no news.

KS

sr. member

Activity: 448

Merit: 250

exactly

bitwhizz

legendary

Activity: 910

Merit: 1000

why is labcoin going up? Huh

minerpart

sr. member

Activity: 280

Merit: 250

IIIIII====II====IIIIII

This is so manipulated its unreal. Price can be made to crash again at any moment.

Seriously guys STAY AWAY. Haven't most of you lost enough already? Get out and do not come back this is a money pit.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: dhenson on September 28, 2013, 02:24:59 PM

Labcoin, I don't know if you have noticed or not, but your stock has completely tanked due to non-existent investor confidence. Your strategy of withholding information so that the bad news doesn't hurt the share prices has failed. It's time for full disclosure, warts and all. Tell us EXACTLY what is wrong and the steps you are taking to resolve them. Tell us why Howard Wang is no longer involved and if/when he is being replaced. In short, and I don't use expletives casually, TELL US WHAT THE FUCK IS GOING ON!

now you're complaining about it?

Anyway, yeah it totally sucks. But if the company isn't a total scam, or the entire first-gen chips aren't complete failures then I don't think there's much to worry about.

The big drag on prices is the fact that the future of the stock is so uncertain. People don't know if it'll be listed anywhere else, or if they're competent to manage all the shares manually. And that's a huge problem, but if it gets solved the price should recover somewhat.

The other problem, of course is that the longer they fail to hash the lower the 'true' price is - so if they announce a move to bitfunder two weeks from now and their hashrate still hasn't improve then, well, they're still kinda fucked.

I think at this point, the only realistic thing to do is just wait for the exchange issues to get sorted out at this point.

It's pretty common for startups to have delays and issues. And most corporations don't communicate every technical detail to their customers.

The problem is that that even a slight delay can kill profitability at this point in the difficulty growth curve, plus you have a lot of newbie investors probably poring way too much BTC into this for their own good, plus the massive scam potential, massive trolling in the thread, and you have a recipe for far more drama then you'd see with a typical startup.

velacreations

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Quote from: dhenson on September 28, 2013, 02:24:59 PM

The price has only stabilized because Vela filled his bids and is waiting for enough profit to start the cycle over again. Once the price creeps back up around .0009-001 Velacreations will be back with his FUD show and all of his little FUDlings will follow suit and the price will crater even further. There is no point in buying now as Labcoin is still weeks away from significant hashing increases (when their new chips arrive). Vela will have orchestrated 5 more cycles by then and the price will be 1/5th what it is now.

Bitcoin investors don't take lack of news well and we are in for a long news drought. Combined with King FUD Vela's FUD slinging cycle you can be assured of lower stock prices in the near future.

If I sound bitter it's because I am... I have over 215 BTC invested and will most likely never see it again. That's on me, but the lack of communication from whomever 'Labcoin' is in my opinion is the real culprit here. Not Vela or those manipulating the price for their own gain, in fact I can applaud their success. If Labcoin was open and honest, there wouldn't have been any room for them to sling their FUD.

I don't own Labcoin and haven't since I sold at .0038. I have been upfront with my comments about Labcoin, and never used my comments to "manipulate" the share price to my advantage. My comments have always been warnings to people who may not know the situation.

I do remember you encouraging people to buy all the way down, though. You were wrong about the company, about their legitimacy, and about their value. You encouraged people to purchase shares, even when value was decreasing rapidly. The manipulator here is you! And on top of everything else, you convinced newbies to ignore the only voices of reason on this thread, and instead, listen to you and the Fan Boys pump up the price so you could sell your shares to unsuspecting newcomers. Congratulations!

Aside from JohnyBigs, I can't think of any bagholder that deserves his losses as much as you.

The voices of reason on your little list were warning people all along. Where is the evidence? Where is the legitimate communication? All the while, you made fun of those criticisms, and look where you are, now.

The security you support lies to it's shareholders, misses deadlines, sells 1M shares, doesn't prove hardware, doesn't communicate, etc, etc, etc. I didn't "manipulate" that, they did. I have merely pointed out that Labcoin is overvalued, and I used Labcoin's (and their supporter's) math to show that. You know, like when we heard how rich everyone would be when Labcoin had 10% of the network? Well, when they have .05% of the network, that same math can show how they are SEVERELY OVERVALUED.

And I was right, as the share price continues to show.

zumzero

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myBitcoin.Garden

Quote from: abuelau on September 28, 2013, 02:41:45 PM

Quote from: dhenson on September 28, 2013, 02:24:59 PM

Quote from: abuelau on September 28, 2013, 01:45:46 PM

I bought some. The price seem to have stabilized now, and I think that the odds are that Labcoin will come with news in the next few days and the price will go up, even if back to .001 but that would still give me 100% profit.

For those that haven't read the last 700 pages, I have been one of Labcoin's most vocal supporters. The following has been a long time coming, and I have held my tongue for too long.

The price has only stabilized because Vela filled his bids and is waiting for enough profit to start the cycle over again. Once the price creeps back up around .0009-001 Velacreations will be back with his FUD show and all of his little FUDlings will follow suit and the price will crater even further. There is no point in buying now as Labcoin is still weeks away from significant hashing increases (when their new chips arrive). Vela will have orchestrated 5 more cycles by then and the price will be 1/5th what it is now.

Bitcoin investors don't take lack of news well and we are in for a long news drought. Combined with King FUD Vela's FUD slinging cycle you can be assured of lower stock prices in the near future.

If I sound bitter it's because I am... I have over 215 BTC invested and will most likely never see it again. That's on me, but the lack of communication from whomever 'Labcoin' is in my opinion is the real culprit here. Not Vela or those manipulating the price for their own gain, in fact I can applaud their success. If Labcoin was open and honest, there wouldn't have been any room for them to sling their FUD.

Labcoin, I don't know if you have noticed or not, but your stock has completely tanked due to non-existent investor confidence. Your strategy of withholding information so that the bad news doesn't hurt the share prices has failed. It's time for full disclosure, warts and all. Tell us EXACTLY what is wrong and the steps you are taking to resolve them. Tell us why Howard Wang is no longer involved and if/when he is being replaced. In short, and I don't use expletives casually, TELL US WHAT THE FUCK IS GOING ON!

Yep, that's the unfortunate reality. I have much less than you, about 5x less in fact, but still it's still very significant for me. I am also considering that the money was lost but deep inside I know that's only a worst case scenario, in reality I still see a 30-50% chance of getting that money and more back.

This is EXACTLY why buying shares is looney tunes. Labcoin have their heads in the sand and the fact that they are saying nothing about really important matters is an awfully bad omen. The reality is they know doing so would damage share price and shareholder confidence irreversibly.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 137. (Read 1079974 times)