[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 225.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: Ytterbium on September 23, 2013, 09:29:06 AM

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

Quote from: BitThink on September 23, 2013, 09:18:38 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.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: labcoin on September 23, 2013, 08:17:18 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.

Is Bitfunder an option?

codegnome

sr. member

Activity: 782

Merit: 258

Betking.io - Best Bitcoin Casino

Quote from: AngelSky on September 23, 2013, 09:33:46 AM

Quote from: GreekGeek on September 23, 2013, 09:29:20 AM

Quote from: bitrich on September 23, 2013, 09:22:48 AM

Please dump at market I could use just a few more cheap shares

+1

Quote from: labcoin on September 14, 2013, 12:10:45 PM

Again, we advise anyone to purchase more shares now that they are cheap.

The price at this time was ~ @ 0.03x

I think the "cheap share" argument won't work anymore.

So true. The cheap shares might be below IPO soon. What a morning....

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: GreekGeek on September 23, 2013, 09:29:20 AM

Quote from: bitrich on September 23, 2013, 09:22:48 AM

Please dump at market I could use just a few more cheap shares

+1

Quote from: labcoin on September 14, 2013, 12:10:45 PM

Again, we advise anyone to purchase more shares now that they are cheap.

The price at this time was ~ @ 0.03x

I think the "cheap share" argument won't work anymore.

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

Quote from: bitrich on September 23, 2013, 09:22:48 AM

Please dump at market I could use just a few more cheap shares

+1

Ytterbium

full member

Activity: 238

Merit: 100

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

Quote from: BitThink on September 23, 2013, 09:18:38 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.

BitThink

legendary

Activity: 882

Merit: 1000

Peoples are worrying about share locking issue. Now this issue has gone forever.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: BitThink on September 23, 2013, 09:18:38 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.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: BitThink on September 23, 2013, 09:03:33 AM

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Panic selling is because people don't trust the issuer.

In particular given the communications issues and everything, now they want to manage the shares themselves as well? Are they going to be able to do anything in a timely manner?

As far as actually being able to trade these shares any time soon, that's kind of unlikely. The best we can hope for is that Labcoin will actually make it's dividend payments, and that we can recover that way until a new solution is put in place.

codegnome

sr. member

Activity: 782

Merit: 258

Betking.io - Best Bitcoin Casino

Quote from: BitThink on September 23, 2013, 09:18:38 AM

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

Direct shares are a pain for friedcat. It is just going to add more administrative work for Labcoin. Plus there will be no more trading, among other things.

bitrich

member

Activity: 109

Merit: 10

Please dump at market I could use just a few more cheap shares

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: BitCsByBit on September 23, 2013, 09:18:31 AM

AngelSky doesn't have any shares. he is a troll.

I did have quite a lot in the past.

BitThink

legendary

Activity: 882

Merit: 1000

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

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: Bitcycle on September 23, 2013, 09:16:56 AM

Quote from: AngelSky on September 23, 2013, 09:13:46 AM

Quote from: Bitcycle on September 23, 2013, 09:11:49 AM

Quote from: BitThink on September 23, 2013, 09:03:33 AM

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

And in the past, it has indeed always rapidly become a regrettable decision.

The same thing will happen today.

But go ahead, dump at market.

AngelSky doesn't have any shares. he is a troll.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: AngelSky on September 23, 2013, 09:13:46 AM

Quote from: Bitcycle on September 23, 2013, 09:11:49 AM

Quote from: BitThink on September 23, 2013, 09:03:33 AM

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

And in the past, it has indeed always rapidly become a regrettable decision.

The same thing will happen today.

But go ahead, dump at market.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: AngelSky on September 23, 2013, 09:13:46 AM

Quote from: Bitcycle on September 23, 2013, 09:11:49 AM

Quote from: BitThink on September 23, 2013, 09:03:33 AM

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

Yes fear must be accounted for when determining valuation..

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: Bitcycle on September 23, 2013, 09:11:49 AM

Quote from: BitThink on September 23, 2013, 09:03:33 AM

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

I already heard that so many times in this thread. The point is that today, the share price is @ 0.01xx

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: BitThink on September 23, 2013, 09:03:33 AM

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Indeed. Dumping at market, particularly at the ipo price, is an emotional move that will almost certainly be regrettable in the very near future.

richard_dein

member

Activity: 63

Merit: 10

Quote from: labcoin on September 23, 2013, 08:17:18 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.

Could you please comment how are the stable chips performing compared to the original specs listed in IPO?

BitThink

legendary

Activity: 882

Merit: 1000

I think that's a very normal response. Of course it becomes a direct share before they found a suitable exchange. Don't know why panic selling.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 225. (Read 1079974 times)