someone is slowly buying into Ipo price
do they know something that we don't?
or just day traders?
Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 139. (Read 1079974 times)
September 28, 2013, 02:38:09 PM
do they know something that we don't?
or just day traders?
September 28, 2013, 02:33:37 PM
someone is slowly buying into Ipo price
September 28, 2013, 02:16:13 PM
How were the shares offered "in" the U.S? If the shares are offered overseas then you don't need to comply with US laws, even if Americans are buying them over the internet. If I were to open a brokerage account in Cyprus or Belize or somewhere, I could buy stock in companies that aren't registered in the US with real money. How would that be a problem for the issuer?
I assume you mean stock in companies who's securities are not registered in the US, rather than the company itself. A German company is perfectly allowed to register its securities with the SEC and sell them to Americans.
If you meant unregistered securities, then yes it most likely would be a problem:
Quote
We generally would not consider an offshore Internet offer made by a non-U.S. offeror as targeted at the United States, however, if:
The Web site includes a prominent disclaimer making it clear that the offer is directed only to countries other than the United States. For example, the Web site could state that the securities or services are not being offered in the United States or to U.S. persons, or it could specify those jurisdictions (other than the United States) in which the offer is being made; 21 and
The Web site offeror implements procedures that are reasonably designed to guard against sales to U.S. persons in the offshore offering. For example, the offeror could ascertain the purchaser’s residence by obtaining such information as mailing addresses or telephone numbers (or area code) prior to the sale. This measure will allow the offeror to avoid sending or delivering securities, offering materials, services or products to a person at a U.S. address or telephone number.
The Web site includes a prominent disclaimer making it clear that the offer is directed only to countries other than the United States. For example, the Web site could state that the securities or services are not being offered in the United States or to U.S. persons, or it could specify those jurisdictions (other than the United States) in which the offer is being made; 21 and
The Web site offeror implements procedures that are reasonably designed to guard against sales to U.S. persons in the offshore offering. For example, the offeror could ascertain the purchaser’s residence by obtaining such information as mailing addresses or telephone numbers (or area code) prior to the sale. This measure will allow the offeror to avoid sending or delivering securities, offering materials, services or products to a person at a U.S. address or telephone number.
http://www.sec.gov/rules/interp/33-7516.htm
No such disclaimers or procedures are in place.
September 28, 2013, 02:07:16 PM
I'm taking 1 BTC and .5BTC bets that LC is at .0001 in 24 hours. On your honor and name. I have 10 BTC to spare
Just a public reminder to moneymanagement that he hasn't made good on our 1BTC bet that ended yesterday.
moneymanagement, if you weren't just looking to scam, please send the payment to my address at 16caqdKMggN2WzHx7znW9pwGt8b5G8sZMv
September 28, 2013, 01:50:08 PM
Labcoin had flatlined like a dead patient lol
I'm watching the live order book and it's starting to get a bit interesting.
Yes!
Quote
99845 0.010000
Why this?
September 28, 2013, 01:32:57 PM
Swede/LC.
we need some questions answering,
1) what is the current hash rate.
2) what is the issue with the chips
3) why is the hash rate not increasing as promised
4) if there are issues with the chips why have you bought more
4) what are you doing to fix the stability issues.
I think we deserve some answers.
we need some questions answering,
1) what is the current hash rate.
2) what is the issue with the chips
3) why is the hash rate not increasing as promised
4) if there are issues with the chips why have you bought more
4) what are you doing to fix the stability issues.
I think we deserve some answers.
I simply relay information from the team and trust me I am as frustrated as you are. I own a considerable (for me) amount of shares I have not sold and have no intention of selling. I have contacted Sam and TheSeven and requested information. According to Sam the team is hashing at around 700 GH/s due to hardware issues and I am currently doing my best to find out what is wrong and why it's taking such time.
The above is the pm reply from swede, I had posted the message in the thread and pm,d both swede and labcoin, this was the only reply. And I hope he doesn't mind me posting it here
September 28, 2013, 01:20:12 PM
Labcoin had flatlined like a dead patient lol
I'm watching the live order book and it's starting to get a bit interesting.
September 28, 2013, 01:15:07 PM
Labcoin had flatlined like a dead patient lol
September 28, 2013, 01:01:42 PM
or pump?
September 28, 2013, 12:59:24 PM
inside traders
September 28, 2013, 12:58:21 PM
I don't understand the ppl buying Labcoin at >.0005. Is the lack of news now = buy instead of sell?? Do they think the storm will not come to pass anymore??
September 28, 2013, 12:43:28 PM
So it is beyond a shadow of a doubt that the government is responsible for defining who is a sophisticated investor?
yes, there is legal definition for that. Unfortunately for a person it boils down to be being rich:
http://www.sec.gov/answers/accred.htm
Quote
I question if there is a clear definition of what constitutes a security that government assumed the authority to regulate.
Then read the securities act, its pretty damn clear these are securities. Game credits typically would not constitute a future contract, company share or profit sharing agreement, and therefore wouldnt be securities even if they are sold on ebay for real money. That bitcoin securities are traded for bitcoins rather than dollar is irrelevant, they are traded for "value". This has been explained a gazillion times on this forum.
September 28, 2013, 12:42:33 PM
20TH in "2 weeks" labcoin to he moon...
What's really amusing about this situation is that even if Sam came in here and said the chips are half fucked but we have an engineer on route to help us fix the situation, then the stock would double in price.
I think he wants the stock low now, I bet the team are buying now and will end up with 50% of the company on the cheap
What's really amusing about this situation is that even if Sam came in here and said the chips are half fucked but we have an engineer on route to help us fix the situation, then the stock would double in price.
I think he wants the stock low now, I bet the team are buying now and will end up with 50% of the company on the cheap
OT, but I find it fascinating that time after time, this bitcoin experiment shows us the usefulness of so many existing regulations that die hard libertarians love to hate. Things like registering a security, so that potential investors know all the relevant facts about the people and the business they are investing in. Rules against insider trading and stock manipulation as hinted at above, and disclosure requirements that would force labcoin to come clean about the actual status of their business making this more an investment than a lottery. The need for an organisation that verifies and enforces this, since you cant trust the exchanges, let alone the issuers. We already learned what happens when you allow ponzi schemes (pirate) or known felons to play 'bank' (mybitcoin). BFL customers are finding out that FTC rules about shipping delays and refunds perhaps arent so daft. Heck, they are even learning that evil old Paypal has its uses too.
Many libertarians were or are convinced bitcoin would show just how good a totally free market can work. Its showing me the exact opposite: t doesnt work without some sensible regulation, it becomes a scammer's and gamblers paradise, not a functional economy.
This was always a questionable security, anyone who did the research and watched the whole thing unfold should have known that. If you want stable investments with low returns go back to regulated markets where the investor is protected by his big government big brother.
September 28, 2013, 12:41:40 PM
(...) they had to be stupid in the first place to buy into Labcoin.
To the Core!
To the Core!
Buy, sell, make more BTC. Just don't
The last words of a typical bag-holder.
Fixed.
September 28, 2013, 12:40:35 PM
amazing company!
September 28, 2013, 12:35:02 PM
(...) they had to be stupid in the first place to buy into Labcoin.
To the Core!
To the Core!
Buy, sell, make more BTC. Just don't be a bag-holder.
The last words of a typical bag-holder.
September 28, 2013, 12:32:07 PM
(...) they had to be stupid in the first place to buy into Labcoin.
To the Core!
To the Core!
Buy, sell, make more BTC. Just don't be a bag-holder.
September 28, 2013, 11:59:46 AM
Unless they still work during public holiday, otherwise Labcoin should post an update as soon as possible. If they keep quite and most people do not realise that the whole next week is the national day holiday of China, I am afraid there will be a terrible sell off.
Looks to me the sell off is pretty much done...
I'm sure a lot of the big holders don't even bother reading the garbage in here
+1
Most of the big holders are hanging on until the end.
September 28, 2013, 11:47:32 AM
The public LC wallet address still gets 0.05BTC per hour consistently. Shouldn't we see more if the hash rate has increased to more than 600G?
They might have it set to only pay out .05 every hour
They could be mining much more. Need to see the manual payouts
Actually i'm positive they are mining much more.
Just wait a few hours
Shouldn't the 0.05 be just the minimum payout threshold, or no matter how many coins mined only 0.05 is paid. If it's the latter, then some previous manual pay can be explained now.
The minimum automatic payout at btcguild is 0.01.
September 28, 2013, 10:11:04 AM
Unless they still work during public holiday, otherwise Labcoin should post an update as soon as possible. If they keep quite and most people do not realise that the whole next week is the national day holiday of China, I am afraid there will be a terrible sell off.
Looks to me the sell off is pretty much done...
I'm sure a lot of the big holders don't even bother reading the garbage in here
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