[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 224.

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: onecent on September 23, 2013, 09:34:09 AM

Quote from: BitThink on September 23, 2013, 09:24:54 AM

What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.

No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.

No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.

No one knows whether they pay dividend or not? There's forum and bitcoin chain.

Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.

That's true

Can Labcoin be traded via Ripple?

onecent

full member

Activity: 187

Merit: 100

Quote from: BitThink on September 23, 2013, 09:24:54 AM

What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.

No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.

No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.

No one knows whether they pay dividend or not? There's forum and bitcoin chain.

Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.

That's true

E.Sam

sr. member

Activity: 393

Merit: 250

Quote from: Bitcycle on September 23, 2013, 09:23:24 AM

Labcoin needs to hire and announce a person to manage the direct shares and handle the new exchange listing, and do so ASAP.

I vote for Ytterbium to do this job

BitThink

legendary

Activity: 882

Merit: 1000

What changed after BTCT closed? Nothing but we don't need to afraid that they sell their own shares.

No body watching them and warning them to behave otherwise they will be delisted? They've already been delisted.

No public portfolio listed to be monitored? They cannot sell at all if there's no exchange.

No one knows whether they pay dividend or not? There's forum and bitcoin chain.

Only one thing, no one can speculate it in short term anymore. But there's pass through and always auction.

Bitcycle

sr. member

Activity: 420

Merit: 250

Labcoin needs to hire and announce a person to manage the direct shares and handle the new exchange listing, and do so ASAP.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: BitCsByBit on September 23, 2013, 08:39:58 AM

Quote from: Ytterbium on September 23, 2013, 08:29:06 AM

Quote from: BitCsByBit on September 23, 2013, 08:24:09 AM

Quote from: BitThink on September 23, 2013, 08:18:38 AM

I really don't understand what kind of response those panic selling people wanted?

Well whoever has spare BTC's is now scooping up Labcoin shares at the IPO price while not having the risk of the IPO, because Labcoin is now hashing and the first dividends are due tomorrow.

The first divs are 11 btc spread out among 10 million shares. So 0.000001 btc/share. Not the most exciting prospect when liquidity is going to completely dry up in a couple weeks.

The only thing they can really do to get the share price recovered any time soon is announce a conversion to bitfunder or some other exchange. Bitfunder would, by far, be the best choice.

The point is that there is less risk now than there was at the IPO.

I'm not sure I would say that. The situation has changed a lot. At the time LC seemed very upstanding not taking extra money from over-bid shares. Now we've had all these communications issues and all sorts of other problems, they're a week late and spent a week refusing to post a mining address.

I think a big worry is whether or not Labcoin will be able to keep track of share ownership in a timely manner. Or do anything in a timely manner. It took them forever just to post pictures.

AtlasONo

hero member

Activity: 551

Merit: 500

Question is. what exchange will trust the integrity of labcoin? They'll have to completely prove themselves, no more bullshit.

alphaking

member

Activity: 98

Merit: 10

Quote from: labcoin on September 23, 2013, 07:17:18 AM

All btct shares will be converted to direct shares ~~as soon as we receive official communication from Ethan Burnside~~ before 31 October.
Dividends will be paid regularly until the btct platform is available.
For what concerns the hashrate, as soon as we reach stability with another batch, we will merge it on btcguild, be patient.
We will also evaluate listing again on another exchange.

This is the only one good news I hear today Cry

GIANNAT

legendary

Activity: 1038

Merit: 1000

Bitcoin entrepreneur and Pro Trader

Labcoin (and other securities too) should consider moving to therocktrading.com a stock and also currency exchange based in Malta where getting funds in and out (btc, ltc and fiat) is easier then BitFunder. Comfortable both for user and issuer.

BitThink

legendary

Activity: 882

Merit: 1000

I believe Havelock will happily accept PT shares there at least.

Zubilica

hero member

Activity: 837

Merit: 1000

Quote from: BitThink on September 23, 2013, 08:59:17 AM

Remember, as long as they have not sold most of their shares, they are the most eager one to look for a exchange. Otherwise, if they are comfortable to live with dividend only, why should we worry. Only those day traders lose their chance to manipulate the market again.

Long term direct shares are more comfortable but harder to trade and quick exit .

BitThink

legendary

Activity: 882

Merit: 1000

Remember, as long as they have not sold most of their shares, they are the most eager one to look for a exchange. Otherwise, if they are comfortable to live with dividend only, why should we worry. Only those day traders lose their chance to manipulate the market again.

Zubilica

hero member

Activity: 837

Merit: 1000

Quote from: merv77 on September 23, 2013, 08:51:57 AM

Quote from: BitThink on September 23, 2013, 08:42:33 AM

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

how does pass through work.?

is this what you're talking about.? https://www.havelockinvestments.com/fund.php?symbol=LABCO

If labcoin goes there it will not be a PT anymore. If it goes for direct shares, you can ask labcoin operator to move shares to Havelock PT and trade like on BTC-TC.

Direct shares means all shares ex 9999 are linked to on BTC address 1asdadafafafajfafafafasfafa where dividends will be paid.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: merv77 on September 23, 2013, 08:51:57 AM

Quote from: BitThink on September 23, 2013, 08:42:33 AM

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

how does pass through work.?

is this what you're talking about.? https://www.havelockinvestments.com/fund.php?symbol=LABCO

Yes.

merv77

hero member

Activity: 574

Merit: 500

1.21 GIGA WATTS

Quote from: BitThink on September 23, 2013, 08:42:33 AM

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

how does pass through work.?

is this what you're talking about.? https://www.havelockinvestments.com/fund.php?symbol=LABCO

Zakryze

sr. member

Activity: 308

Merit: 250

Since havelock got a PT already crapcoin could just move there.

velacreations

sr. member

Activity: 476

Merit: 250

You mean Labcon didn't have a plan in place in case something like this happened? That seems short-sighted.

dopamine

hero member

Activity: 486

Merit: 500

Amazing company looks like I will buy more

BitThink

legendary

Activity: 882

Merit: 1000

If they want to sell their share later on, they of course need to find an exchange, at least a pass through. No need to worry about that at all.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: Ytterbium on September 23, 2013, 08:29:06 AM

Quote from: BitCsByBit on September 23, 2013, 08:24:09 AM

Quote from: BitThink on September 23, 2013, 08:18:38 AM

I really don't understand what kind of response those panic selling people wanted?

Well whoever has spare BTC's is now scooping up Labcoin shares at the IPO price while not having the risk of the IPO, because Labcoin is now hashing and the first dividends are due tomorrow.

The first divs are 11 btc spread out among 10 million shares. So 0.000001 btc/share. Not the most exciting prospect when liquidity is going to completely dry up in a couple weeks.

The only thing they can really do to get the share price recovered any time soon is announce a conversion to bitfunder or some other exchange. Bitfunder would, by far, be the best choice.

It takes time to negotiate with ukyo to be listed on BitFunder. This option is not excluded at all in the announcement.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 224. (Read 1079974 times)