Except the last "updates" didn't do anything except tank the price. Simply saying everything is OK when they could easily prove what they're doing by giving the block reward address isn't going to help the price anymore, it's just going to hurt it.
I would imagine Labcoin and TheSweed are getting tons of angry PM's from people, and if they're legit it's probably driving them nuts and making them resentful of the doubters. Especially since the initial fud was COMPLETELY ridiculous nonsense about pixels on documents and all other sort of ridiculous b.s.
But, that's no excuse. If they're having technical difficulties they need to be completely straightforward about it. Simply claiming that everything is fine, that they are hashing, but refusing to do so in a verifiable way just isn't cool. Even if people think that they are hashing they might worry that the rewards are being embezzled.
If Labcoin loses more trust, they are going to permanently damage their share price as people won't invest even when they are hashing and have shown proof, worrying that they might be lying about other things.
+1 exactly
I have been saying this for days, now. No news is better than news without evidence. Labcoin is it's worst enemy, at this point, and the credibility continues to erode.
btw, I have never owned ActM shares (or anything else related to that company). I did own more than 50K Labcoin shares, but jumped ship when shit started getting hard to believe (right around ~.0038) around here.
