I noticed that. And they claimed its unstable and nothing worth to show yet. I dont see why the reaction on that has to be so drastically. At the end show me one ASIC-Producer that had their asic running perfectly at the date they wanted to have it?
A missed deadline would have hurt, but not that badly.
Claiming you have 2 TH and then days later not even being able to show a board is a very clear indication of lying.
If you lie to your shareholders, your price will suffer. And so it has.
But wheres the lie? They never claimed they have no 2TH. They only claimed that they have problems and because of that dont show anything. That might be that the miner arent stable and crash so that such crash, if shareholders can see it, might affect the shareprice. Or that they cant deploy more because they want to solve the problems with technique first.
Thats why i wonder? They only wrote they have problems. That would justify a crash like it happened all the time. But crash of more than half of the shareprice? I think thats exxagerated. Though i think... a picture of a halfbaked miner would have been way better.
So are bag holders just ignoring that every engineer who has seen Labcoin's boards/designs, calls it out as total BS? Or do experts know less than greedy investors?
What experts do you refer to?