Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 474. (Read 1079974 times)
September 14, 2013, 12:45:09 AM
The rats always desert the sinking ship first :p
September 14, 2013, 12:41:53 AM
****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
September 14, 2013, 12:41:37 AM
****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol
September 14, 2013, 12:40:05 AM
****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
September 14, 2013, 12:39:04 AM
Quote
The website will be updated this week in order to show our live hashing rate
is this still gonna happen?If they're not hashing, it shows the rate live right now!
September 14, 2013, 12:37:44 AM
Why does TheSwede continue to associate with Labcoin? He must have known this last update was going to kill off the price before he posted it.
September 14, 2013, 12:36:27 AM
Quote
The website will be updated this week in order to show our live hashing rate
is this still gonna happen? 
September 14, 2013, 12:34:02 AM
If you didn't buy at IPO prices you'll be losing money soon. The shares may recover if they pay the dividends they promise but if they do not, that might be the end of the Labcoin experiment.
They are not going to pay dividends. Don't they shoot people in China for Ponzi schemes?
If they don't pay dividends like they promised then we could see IPO prices or even below IPO prices. The only people who will believe in them will be Labcoin's team and a few people with very small amounts of shares. Basically it's still worth a gamble with a few thousand shares at IPO price but not worth it if you're buying tens of thousands of shares at the current price.
You're not going to bet $5000-10,000 on Labcoin. $500 maybe is something people will be willing to lose.
Even the company itself says there's no hope of recovery for 6 weeks.
Recovery from what? They aren't even admitting anything. They claim to be hashing.
September 14, 2013, 12:33:41 AM
Ah and BTW, are the shares locked ? Oh no, we forgot to talk about this issue. 
yeah, they weren't going to bring that one up as they started dumping shares...
September 14, 2013, 12:32:40 AM
I bet whatever Labcoin's situation is, I could have presented it 1000 times better.
They should get some decent advice.
Never ever ever break a promise to investors. And never ever ever lie to investors.
This is basic economic communication 101. If they break either of these commandments they will permanently damage the faith of investors and the only reason their shares are about IPO price quite frankly is because of faith.
People have faith in Sam Noi. They have faith in everything he says, and on his promises.
September 14, 2013, 12:32:19 AM
If they don't pay dividends like they promised then we could see IPO prices or even below IPO prices.
If they do pay, it'll just be some of the IPO money, anyway. There's no revenue, so it's pointless, really.
September 14, 2013, 12:32:00 AM
If you didn't buy at IPO prices you'll be losing money soon. The shares may recover if they pay the dividends they promise but if they do not, that might be the end of the Labcoin experiment.
They are not going to pay dividends. Don't they shoot people in China for Ponzi schemes?
If they don't pay dividends like they promised then we could see IPO prices or even below IPO prices. The only people who will believe in them will be Labcoin's team and a few people with very small amounts of shares. Basically it's still worth a gamble with a few thousand shares at IPO price but not worth it if you're buying tens of thousands of shares at the current price.
You're not going to bet $5000-10,000 on Labcoin. $500 maybe is something people will be willing to lose.
Even the company itself says there's no hope of recovery for 6 weeks.
September 14, 2013, 12:31:07 AM
AM: down.
BTCGARDEN: out.
ActiveM: down.
bASIC-MINING: down.
COGNITIVE: down.
and now, the last one: LABCOIN: down.
BTCGARDEN: out.
ActiveM: down.
bASIC-MINING: down.
COGNITIVE: down.
and now, the last one: LABCOIN: down.
I've been known to cheerlead for ActM a little bit.
Hey Ken, amazing company you got there! Got room for one more?
September 14, 2013, 12:30:58 AM
Ah and BTW, are the shares locked ? Oh no, we forgot to talk about this issue.
September 14, 2013, 12:29:43 AM
If you didn't buy at IPO prices you'll be losing money soon. The shares may recover if they pay the dividends they promise but if they do not, that might be the end of the Labcoin experiment.
They are not going to pay dividends. Don't they shoot people in China for Ponzi schemes?
If they don't pay dividends like they promised then we could see IPO prices or even below IPO prices. The only people who will believe in them will be Labcoin's team and a few people with very small amounts of shares. Basically it's still worth a gamble with a few thousand shares at IPO price but not worth it if you're buying tens of thousands of shares at the current price.
You're not going to bet $5000-10,000 on Labcoin. $500 maybe is something people will be willing to lose.
September 14, 2013, 12:29:35 AM
The sad thing is I don't like any of the other stocks right now. AM, maybe, but they aren't being forthcoming about their problems either.
AM: down.
BTCGARDEN: out.
ActiveM: down.
bASIC-MINING: down.
COGNITIVE: down.
and now, the last one: LABCOIN:
September 14, 2013, 12:28:30 AM
They are not going to pay dividends. Don't they shoot people in China for Ponzi schemes?
+1
September 14, 2013, 12:28:22 AM
The sad thing is I don't like any of the other stocks right now. AM, maybe, but they aren't being forthcoming about their problems either.
AM: down.
BTCGARDEN: out.
ActiveM: down.
bASIC-MINING: down.
COGNITIVE: down.
and now, the last one: LABCOIN: down.
September 14, 2013, 12:27:30 AM
Possible it will drop below IPO. It's certainly riskier now than it was then.
As much as I think their PR (and non-progress) is catastrophic, I don't think it will drop below the IPO, and I would even buy back below 0.0016. But they will have to start over and they should try to correct the PR nightmare by publishing verifiable facts about the situation ASAP.
Even 0.0022 is overvalued IMO with regards to the situation (0 hash/sec)
It should fall back to IPO prices because there is no proof that the chips even work. I don't think Labcoin is a scam, I just think they are having more deployment difficulties than they expected and probably should have announced delays and problems rather than make promises that they might end up breaking. If they break a promise to investors then a lot of investors will get out and wont be going back.
September 14, 2013, 12:27:21 AM
If you didn't buy at IPO prices you'll be losing money soon. The shares may recover if they pay the dividends they promise but if they do not, that might be the end of the Labcoin experiment.
They are not going to pay dividends. Don't they shoot people in China for Ponzi schemes?
Jump to: