Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 403. (Read 1079974 times)

Indeed, looks like if it's a bot it's probably real, unless it's happy to let the other people's asks at 0.003 that were placed before it get nibbled, and would only pull when it's own asks get touched. I'm not sure how bots tend to handle that because it's hard to tell who owns what on the same price.

Wait. What exactly is the justification of them not being a scam?

Quoting this for future hilarity and so I can rub your nose in it later.

I firmly believe they are a scam, and I don't have an "agenda" and I'm definitely not stupid.
Maybe the stupid people are instead the gullible suckers who believe everything they are told because they can't see past the dollar signs in their eyes?

So, 17 minutes left ?

I told you that wall was real.

getting people into buying shares with wrong information is still a scam. maybe they are all working on their bachelors degree in fucking up and let us pay for it. who knows....

The 'are they a scam' boat has long since sailed.

If you seriously think they might be a scam, your ability to evaluate information is pretty near zero.

If you bring it up now, I automatically assume you have an agenda.  It's either that or you're stupid.  Either way.

The question now is are they at all competent?

That's still an entirely open question.

except when they beg people to buy the shares in the dips...

Not sure how you could have read it that way, but sorry if my sentence was ambiguous. Read it as: "If you have proof that Labcoin have sold any shares at all, please present it.".

i bet they are just too damn high

like the difficulty of a real proof of existence...

How do you know what they care about? There is no proof of anything. It's basically the same proof you had when it was at IPO, plus some missed deadlines. So how is the price of shares so high?

If you want to hold then do so. Just don't encourage anyone to buy until after the dividends go out.

All they had to do to avoid all this is lock the shares. No one would be accusing them of being a scam and there wouldn't be wild swings in the share price if they locked the shares. They refused while trying to act like they would. Then they miss deadlines they set after promising to have evidence of hashing.

That is not communication and PR, that is incompetence. If they locked the shares and did not make any promise at all and just said sometime in September they'd be hashing, that would have been better. They went with specific dates and time.

I like your style, these guys aren't a con. They are proving that they don't care about short term share price, that's a good thing. They are talking long term

Or more likely, the Labcoin team being typical tech genius types struggle with social, communication & language skills, and suck every last dick in the world at PR.

Okay that is possible too. But all of these activities to decrease transparency is what fuels uncertainty, risk, and FUD. You have no way to prove either way because it's 50/50.

If the shares were locked we would know for certain. So why didn't they let Burnside lock the shares? What are they planning to do?

This would be the worst long con in the history of mankind.  Incompetence 100% not being forthcoming with information 100% a con no chance

he never said it was more than 15% so dont call him a FUDster... you are missreading dude
some ppl have very thin skin in this thread and are easy at accusing others...

More FUD, or at best stating opinion as if it were fact. If you have proof that Labcoin have sold a single share, as oppose to 15% of their shares just being held in the accounts of other insiders like Burnside said, please present it.

The price isn't significantly closer to the wall than it has been for a several hours, and the volume is small enough that it's safe from normal trading. If it's put there by a bot (to lower the price into those tiny bids that keep appearing) then it would probably not disappear till it's touched.

Do you know what their objective is?
Do they have any incentive to care about the stock price? How do you know they'll ever pay dividends if they don't pay it today? The probabilities of it being a scam begin to increase when you gather new bits of evidence and combine it all to form a picture.

A) Shares have been sold by the Labcoin development team and it's not locked.
B) The Labcoin team has been shown to use deception and dishonesty against the shareholders whether deliberately or not by making promises and not keeping them, and by putting up images that don't look real and claiming to be hashing without providing evidence.

Now we also know they haven't sold all their shares so that is on the plus side of the evidence. We also know they do have the money but are still communicating here, this is neutral evidence because we don't know their intentions.

If it's a complete scam they probably would just stop communicating and disappear. The longer the disappearance the more likely it would be to be a scam so if they claim they wont update until October then you gotta worry a lot. If they do frequent updates then you have less to worry about.

At this point we don't know what they are going to do. It could be a scam, or not. It's possible they are having difficulties with their deployment, that is a real possibility.  Whether people should buy, sell or hold should depend on which of these possibilities they think is most likely.

So you think it's most likely that they are a scam? Sell. You think it's more likely that they are having deployment issues? Hold. You think it's a scam but that they aren't going to dump until the price rises significantly? Hold.

Notice I don't recommend anyone buy?