[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 549.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: Vigil on September 11, 2013, 11:10:33 PM

Quote from: TheSwede75 on August 27, 2013, 08:25:12 PM

I just wanted to stop by and say that I have not been able to talk to Sam today. I do realize that "next week" is here and as soon as I have anything to report I will. I realize a "nothing to report yet" report is just that, but as soon as I hear anything it will be posted here and on BTCT.CO news section.

Remember this fiasco? This post was what set-off that first massive sell-off. "Hey guys, uh.... nothing. Later" Major PR trainwreck. There were probably a few investors who lost their homes and families over this dunce-tacular move.

Swede simply has no credibility left.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: TheSwede75 on August 27, 2013, 08:25:12 PM

I just wanted to stop by and say that I have not been able to talk to Sam today. I do realize that "next week" is here and as soon as I have anything to report I will. I realize a "nothing to report yet" report is just that, but as soon as I hear anything it will be posted here and on BTCT.CO news section.

Remember this fiasco? This post was what set-off that first massive sell-off. "Hey guys, uh.... nothing. Later" Major PR trainwreck. There were probably a few investors who lost their homes and families over this dunce-tacular move.

N_S

full member

Activity: 238

Merit: 100

Quote from: JohnyBigs on September 11, 2013, 11:08:18 PM

anyone who has half a brain can see that Labcoin has kept their word with updates to date.

I think you should scroll up.

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: N_S on September 11, 2013, 11:01:52 PM

Quote from: JohnyBigs on September 11, 2013, 10:59:42 PM

You clearly don't understand within this "week" lol.

What are your plans for if we hit 0:00 Monday morning and nothing of substance has surfaced?

Then I will sell all my shares, so far they have kept their word with deadlines and pictures. It's funny when I asked real questions and concerns in this thread I was bashed, now that I'm again speaking normal things, getting bashed.

Come to the conclusion that this thread is filled with FUDs on both sides, anyone who has half a brain can see that Labcoin has kept their word with updates to date.

Every single issue the FUDs here complain about has been addressed here: https://btct.co/security/LABCOIN under News

It's funny even back then people would talk shit, yet they didn't even know there was an about page on BTCT haha.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: velacreations on September 11, 2013, 11:06:41 PM

I think it's quite possible that they actually have hardware, but it doesn't work, and admitting that at this stage would mean the whole thing would implode.

Of course, if that's the case, then the share price will implode cause they got nothing...

what do we know for sure?
1. No marked blocks and no sign of hashing for the past 2 days
2. shares are not locked, and they've moved at least 15% as of yesterday (leaves 10% to be moved, and still not break the whole "voluntary locked shares" thing)
3. Missed 48 hour deadline to show proof of hashing
4. No real evidence that anything actually exists

This is going to be fun.

N_S

full member

Activity: 238

Merit: 100

Quote from: ?? on ??

Quote from: JMG on July 27, 2013, 10:32:51 AM

15. What's the status of the boards? How long will it take after testing to get all the board you need, set them up with chips and get them hashing?
The boards are near their design completion and will be tested as soon as we have the chips. we'll post pictures of the boards very soon. it will take about 7-10 days to get all the boards up and running probablyand, for the first run, we have 500 boards on order

Jesus christ, check the date of that bad boy.

velacreations

sr. member

Activity: 476

Merit: 250

I think it's quite possible that they actually have hardware, but it doesn't work, and admitting that at this stage would mean the whole thing would implode.

Of course, if that's the case, then the share price will implode cause they got nothing...

what do we know for sure?
1. No marked blocks and no sign of hashing for the past 2 days
2. shares are not locked, and they've moved at least 15% as of yesterday (leaves 10% to be moved, and still not break the whole "voluntary locked shares" thing)
3. Missed 48 hour deadline to show proof of hashing
4. No real evidence that anything actually exists

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: labcoin on August 28, 2013, 04:55:35 AM

Status update

We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.

Broken promise #10 or #20 or somewhere in between.

MikeyVeez

full member

Activity: 896

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Quote from: Vigil on September 11, 2013, 11:02:48 PM

Quote from: JohnyBigs on September 11, 2013, 10:57:20 PM

Quote from: Vigil on September 11, 2013, 10:55:27 PM

Quote from: BitThink on September 11, 2013, 10:51:00 PM

Quote from: BitCsByBit on September 11, 2013, 10:45:20 PM

Quote from: Bitcycle on September 11, 2013, 10:40:39 PM

No, sorry. There's no good excuse to let this run for the last 48 hours expecting an update and only AFTER it's expired say how it wasn't really coming anyway.

No excuse.

Just read the bloody post:

Quote from: TheSwede75 on September 11, 2013, 10:02:11 PM

CLARIFICATION:

The "48 hour" update was made based on information I received from Sam. The problem was that when I made the update Sam had already posted an update in the thread so it became pointless.

What is not clear??

It is clear that
1 he did not read the thread himself.
2 he has never tried to communicate with Sam during the past 48 hours.
3 he did not think he had made mistake so there is no apologize.
4 he think a promise from a PR is nothing

This is like a few weeks ago where Swede said he was unable to contact Sam, yet we had some random contacting him through AIM. then he claimed he was on world tour flying around and didn't have time or some nonsense.

Actually that was a few days ago , good job with 'weeks" FUD

Again, you prove you aren't following the thread. TheSwede was supposed to update us about the chips a couple weeks ago but he used the excuse that he hadn't tried to contact Sam because he was traveling. Thing was, it was the day they had promised information. You would think that they would have arranged a few minutes to gurantee the news got to everyone, but they did not. Why? Because there was no news and they don't give a damn.

The constant string of giving dates and promising info and nothing happens just shows that these guys are not serious about this operation - it s just a big joke to them. Anyone of a group of us could stage this whole operation and get away with it because you all want to be fooled. This is just some virtual fantasy game of investing for you - you're addicted to the emotional roller-coaster.

Proof or GTFO

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: JohnyBigs on September 11, 2013, 10:57:20 PM

Quote from: Vigil on September 11, 2013, 10:55:27 PM

Quote from: BitThink on September 11, 2013, 10:51:00 PM

Quote from: BitCsByBit on September 11, 2013, 10:45:20 PM

Quote from: Bitcycle on September 11, 2013, 10:40:39 PM

No, sorry. There's no good excuse to let this run for the last 48 hours expecting an update and only AFTER it's expired say how it wasn't really coming anyway.

No excuse.

Just read the bloody post:

Quote from: TheSwede75 on September 11, 2013, 10:02:11 PM

CLARIFICATION:

The "48 hour" update was made based on information I received from Sam. The problem was that when I made the update Sam had already posted an update in the thread so it became pointless.

What is not clear??

It is clear that
1 he did not read the thread himself.
2 he has never tried to communicate with Sam during the past 48 hours.
3 he did not think he had made mistake so there is no apologize.
4 he think a promise from a PR is nothing

This is like a few weeks ago where Swede said he was unable to contact Sam, yet we had some random contacting him through AIM. then he claimed he was on world tour flying around and didn't have time or some nonsense.

Actually that was a few days ago , good job with 'weeks" FUD

Again, you prove you aren't following the thread. TheSwede was supposed to update us about the chips a couple weeks ago but he used the excuse that he hadn't tried to contact Sam because he was traveling. Thing was, it was the day they had promised information. You would think that they would have arranged a few minutes to gurantee the news got to everyone, but they did not. Why? Because there was no news and they don't give a damn.

The constant string of giving dates and promising info and nothing happens just shows that these guys are not serious about this operation - it s just a big joke to them. Anyone of a group of us could stage this whole operation and get away with it because you all want to be fooled. This is just some virtual fantasy game of investing for you - you're addicted to the emotional roller-coaster.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: JohnyBigs on September 11, 2013, 10:56:23 PM

Quote from: Vigil on September 11, 2013, 10:53:42 PM

Quote from: velacreations on September 11, 2013, 10:50:07 PM

Quote from: JohnyBigs on September 11, 2013, 10:45:36 PM

deadlines have been met and none of have been moved. Nice try though

oh really?

why aren't the shares locked?
where are the stamped blocks?
where are the photos?

no deadline has been met with any sort of real evidence.

Now, you are telling us "later in the week", but last week it was "in a few days" and 50 hours ago it was "in 48 hours"

+1

This BigJohnson dude is a moron and clearly not following the topic. We were supposed to have pictures of the boards prior to hashing - didn't get them. then they said "We'll have pictures soon", then following that we are told updates within 48 hrs.

What don't you all get? There. Are. No. Boards. There. Is. No. Hashing.

This is all just mental manipulation, you are caught up in a delusion - hoping you are going to make a million dollars, that this is the next AM.

The only moron here is you. Where did they say you will have pictures before hashing? Please link directly until then STFU FUD spreader.

It's in this thread and also official news of BTCT.

N_S

full member

Activity: 238

Merit: 100

Quote from: JohnyBigs on September 11, 2013, 10:59:42 PM

You clearly don't understand within this "week" lol.

What are your plans for if we hit 0:00 Monday morning and nothing of substance has surfaced?

JohnyBigs

sr. member

Activity: 560

Merit: 250

And here it comes, finally, today we are proud to announce the starting of mining operations in time with our roadmap.
The last week has been extremely busy and work is still in progress to bring online the whole hashing power.

We're currently averaging about 2 TH/s in solo mode, and expect to deploy at least 4 TH by monday 16, to reach gradually 50 TH within October.

The website will be updated this week in order to show our live hashing rate and dividends will be paid every two weeks.
More pictures of the laboratory setting where the hardware is currently deployed will be also distributed. Complete installment will be shown when our final premise will be ready. We're still considering some business aspects, including only focusing on the upcoming 65nm version for what concerns bulk chip sales. We plan to take a final decision regarding this issue during the next month.

We want to say thanks to all investors who trusted us during this long endeavor.

Labcoin Team

Goodnight FUD's

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: Vigil on September 11, 2013, 10:58:06 PM

Quote from: N_S on September 11, 2013, 10:54:58 PM

Quote from: Vigil on September 11, 2013, 10:53:42 PM

There. Are. No. Boards. There. Is. No. Hashing.

I challenge someone to prove this wrong.

Even if the boards looked like crap and they were just embarrassed by the quality and state of TheSwede's mothers basement where the miners are staged, I wouldn't even care so long as they proved they were doing something.

You clearly don't understand within this "week" lol.

Bitcycle

sr. member

Activity: 420

Merit: 250

Well, the price is going to tank, so I'm sure we'll see an update then.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: N_S on September 11, 2013, 10:54:58 PM

Quote from: Vigil on September 11, 2013, 10:53:42 PM

There. Are. No. Boards. There. Is. No. Hashing.

I challenge someone to prove this wrong.

Even if the boards looked like crap and they were just embarrassed by the quality and state of TheSwede's mothers basement where the miners are staged, I wouldn't even care so long as they proved they were doing something.

N_S

full member

Activity: 238

Merit: 100

Johny's ignore button is darkening...

JohnyBigs

sr. member

Activity: 560

Merit: 250

Your new names are going to be FUD lol

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: Vigil on September 11, 2013, 10:55:27 PM

Quote from: BitThink on September 11, 2013, 10:51:00 PM

Quote from: BitCsByBit on September 11, 2013, 10:45:20 PM

Quote from: Bitcycle on September 11, 2013, 10:40:39 PM

No, sorry. There's no good excuse to let this run for the last 48 hours expecting an update and only AFTER it's expired say how it wasn't really coming anyway.

No excuse.

Just read the bloody post:

Quote from: TheSwede75 on September 11, 2013, 10:02:11 PM

CLARIFICATION:

The "48 hour" update was made based on information I received from Sam. The problem was that when I made the update Sam had already posted an update in the thread so it became pointless.

What is not clear??

It is clear that
1 he did not read the thread himself.
2 he has never tried to communicate with Sam during the past 48 hours.
3 he did not think he had made mistake so there is no apologize.
4 he think a promise from a PR is nothing

This is like a few weeks ago where Swede said he was unable to contact Sam, yet we had some random contacting him through AIM. then he claimed he was on world tour flying around and didn't have time or some nonsense.

Actually that was a few days ago , good job with 'weeks" FUD

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: Vigil on September 11, 2013, 10:53:42 PM

Quote from: velacreations on September 11, 2013, 10:50:07 PM

Quote from: JohnyBigs on September 11, 2013, 10:45:36 PM

deadlines have been met and none of have been moved. Nice try though

oh really?

why aren't the shares locked?
where are the stamped blocks?
where are the photos?

no deadline has been met with any sort of real evidence.

Now, you are telling us "later in the week", but last week it was "in a few days" and 50 hours ago it was "in 48 hours"

+1

This BigJohnson dude is a moron and clearly not following the topic. We were supposed to have pictures of the boards prior to hashing - didn't get them. then they said "We'll have pictures soon", then following that we are told updates within 48 hrs.

What don't you all get? There. Are. No. Boards. There. Is. No. Hashing.

This is all just mental manipulation, you are caught up in a delusion - hoping you are going to make a million dollars, that this is the next AM.

The only moron here is you. Where did they say you will have pictures before hashing? Please link directly until then STFU FUD spreader.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 549. (Read 1079974 times)