[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 577.

physalis

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Quote from: JohnyBigs on September 10, 2013, 05:15:10 PM

Quote from: physalis on August 09, 2013, 08:59:22 AM

This fear mongering is amazing.

Do you guys actually think the whole thing is a scam? What would be their angle? They got the money already, if they were to take it and run, they would have done so already.
And that is all I need to evaluate. I believe that they are working on getting this done, and I believe they eventually will. I don't believe that they are possibly that incompetent that they'll end the project with just giving up. And even if they end up with an underperforming chip, they're getting it at production cost, which means they are at the top of the food chain, right with AM.

Then you have projects like icedrill, where someone is buying hardware at retail cost from a producer, and pays out just about half of the profits to the shareholders, and people are actually jumping on it. It boggles my mind, really.

LMFAO from flip flopper physalis

What are you trying to prove? That I changed my mind and was wrong before? Good job, I've been saying that in about every post.

dexX7

legendary

Activity: 1106

Merit: 1026

From an earlier news announcement:

Quote

Regarding shares owned by the Labcoin founders and developers.
Posted: 1 month ago

Due to inquiries LABCOIN has received from investors, the founders and developers involved in the LABCOIN project has decided to voluntarily lock in 75% of all shares owned by the LABCOIN core team for 12-months.

This means that no founder or developer owning shares in LABCOIN will sell an excess of 25% of their shares for at least 365 days from today's date.

This is being publicly announced to set to rest any concern that the LABCOIN team has any interest in liquidating their holdings in the project.

Q: Why not lock in 100%?
A: Simply because we feel that it is only fair to allow the members of the LABCOIN team that wishes to sell smaller portions of their ownership should they need some Bitcoin for any unforeseen expense during the first year of operations.

limbaugh

legendary

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And the sell off continues. Thanks so much Labcoin, way to screw over you supporters!

physalis

sr. member

Activity: 392

Merit: 250

Quote from: JohnyBigs on September 10, 2013, 05:13:43 PM

Guys where are the pictures? ^^

Do you know how to zoom in on a picture? Do it and look at the top chip.
And then, if you don't see it, I just can't help you.

JohnyBigs

sr. member

Activity: 560

Merit: 250

Quote from: physalis on August 09, 2013, 08:59:22 AM

This fear mongering is amazing.

Do you guys actually think the whole thing is a scam? What would be their angle? They got the money already, if they were to take it and run, they would have done so already.
And that is all I need to evaluate. I believe that they are working on getting this done, and I believe they eventually will. I don't believe that they are possibly that incompetent that they'll end the project with just giving up. And even if they end up with an underperforming chip, they're getting it at production cost, which means they are at the top of the food chain, right with AM.

Then you have projects like icedrill, where someone is buying hardware at retail cost from a producer, and pays out just about half of the profits to the shareholders, and people are actually jumping on it. It boggles my mind, really.

LMFAO from flip flopper physalis

Duffer1

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Activity: 227

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Quote from: limbaugh on September 10, 2013, 05:12:03 PM

Quote from: dexX7 on September 10, 2013, 05:08:02 PM

Quote from: mightaswellallowanonymous on September 10, 2013, 04:29:37 AM

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalksearch.org/topic/m.2896819

Quote from: burnside on September 10, 2013, 04:54:54 PM

I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.

So they are too busy to ask you to lock them. What a crock, more broken promises.

Sure, but that can't be the only thing you got out of that text.

-One account controls 85%.
-That account hasn't moved those shares

N_S

full member

Activity: 238

Merit: 100

For me, these issues are simply too easy to solve by any thinking person at Labcoin.

They know the space they're working in, they know what things will look like from a shareholder perspective, and yet they don't do anything. While coordinating efforts can be difficult across borders, having someone SMS a picture to person B to upload is not a huge endeavor.

dexX7

legendary

Activity: 1106

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Quote from: physalis on September 10, 2013, 05:13:46 PM

15% of 3m shares - that is 450k shares that have left the account.

Yes, but that's congruent with their statement "we hold 75 %".

But wait, I have to check this. Not sure what it was exactly.

Bitcycle

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Activity: 420

Merit: 250

Quote from: physalis on September 10, 2013, 05:13:46 PM

Quote from: dexX7 on September 10, 2013, 05:08:02 PM

Quote from: mightaswellallowanonymous on September 10, 2013, 04:29:37 AM

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalksearch.org/topic/m.2896819

Quote from: burnside on September 10, 2013, 04:54:54 PM

I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.

15% of 3m shares - that is 450k shares that have left the account.

I see your reading comprehension is as astute as your logical analysis.

physalis

sr. member

Activity: 392

Merit: 250

Quote from: dexX7 on September 10, 2013, 05:08:02 PM

Quote from: mightaswellallowanonymous on September 10, 2013, 04:29:37 AM

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalksearch.org/topic/m.2896819

Quote from: burnside on September 10, 2013, 04:54:54 PM

I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.

15% of 3m shares - that is 450k shares that have left the account.

JohnyBigs

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Activity: 560

Merit: 250

Guys where are the pictures? ^^

JohnyBigs

sr. member

Activity: 560

Merit: 250

FUDSTERS DIE

limbaugh

legendary

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Quote from: dexX7 on September 10, 2013, 05:08:02 PM

Quote from: mightaswellallowanonymous on September 10, 2013, 04:29:37 AM

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalksearch.org/topic/m.2896819

Quote from: burnside on September 10, 2013, 04:54:54 PM

I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.

So they are too busy to ask you to lock them. What a crock, more broken promises.

physalis

sr. member

Activity: 392

Merit: 250

Quote from: ?? on ??

Understanding how your emotions can trump you is invaluable. If you lost any money, at least you'll have that Wink

Nah, I didn't lose any, actually, I gained a lot. I just think it kind of sucks to know now that the money I gained isn't going to come from an actual company, from "produced value", but instead from some poor sucker who will be left holding the bag when this thing pops.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: dexX7 on September 10, 2013, 05:08:02 PM

Quote from: mightaswellallowanonymous on September 10, 2013, 04:29:37 AM

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalksearch.org/topic/m.2896819

Quote from: burnside on September 10, 2013, 04:54:54 PM

I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.

What, they haven't been selling off the shares?

But but but but....our FUDsters were SO SURE this was a scam.

Roll Eyes

JohnyBigs

sr. member

Activity: 560

Merit: 250

no pictures like this?

https://bitcointalksearch.org/topic/m.3034290

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: mightaswellallowanonymous on September 10, 2013, 04:29:37 AM

Burnside,

can you confirm whether LABCOIN has provided you accounts to lock as per
https://bitcointalksearch.org/topic/m.2896819

Quote from: burnside on September 10, 2013, 04:54:54 PM

I have not been handed a list unless I missed it somewhere.

I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.

Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: physalis on September 10, 2013, 04:48:22 PM

Just take a step back, imagine that you were not invested in this, and try to read the updates from labcoin like a neutral person.
Go back and look at all the past posts from labcoin with a neutral view and think on every update "ok, now would be the time to show something real, some actual proof" and then watch how they weasel themselves out of providing evidence. They can't take pictures because their team is scattered across countries? Come on, people. We're on the internet, it takes seconds to send a pic around the globe. That excuse, like all the others, is ridiculous.

that's the most important thing right now. Try to see this as someone who is not financially and emotionally involved, and you'll see the situation very differently.

physalis

sr. member

Activity: 392

Merit: 250

Quote from: bulltrap on September 10, 2013, 05:03:55 PM

Quote from: physalis on September 10, 2013, 05:00:27 PM

Quote from: eastpk on September 10, 2013, 04:56:01 PM

To the people that liquidated their shares because this maybe a scam - can I ask how many shares were liquidated?

Around 30k by me. About 30 minutes after labcoins last update.

It's funny that before you were one of the loudest supporters bashing claimed FUDsters. People should check your posting history on this topic.

Like I said: greed is a powerful emotion. I feel like I was a complete retard.

JohnyBigs

sr. member

Activity: 560

Merit: 250

people sure are trying to get some cheap shares before september 17th haha

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 577. (Read 1079974 times)