Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 643. (Read 1079974 times)

Good 'ol limbaugh with the FUD bombs. Love you, buddy

creativex, none of this is new. I'd be interested to hear why you purchased shares of LC if this was such a major concern of yours.

You must know that, at this point in the game, communication across the board leaves a lot to be desired. Obviously this doesn't apply to you and Basic-Mining (but I think you'd agree the pursuits between Basic-Mining and Labcoin are totally different)

Communication hasn't gotten worse since you bought shares. In fact, a couple updates have come out since.

You are assuming that they actually have the hardware, and to this point there is no evidence that there is. But they will be on CNN soon! More shady by the day...

Of course it does. LC has not followed through on many promises.

Because there are a million ways they could scam us and that is by far the least profitable way to do it.

The most obvious way to scam us would simply be to sell hardware out the back door and not include that income as company revenues.

It's like, imagine if you had a gate in the middle of a field, but no fence. Just a gate in the middle of a field.  Obviously no one is going to worry about whether or not the gate is locked, when clearly it can just be walked around.

What was your opinion on BTCGarden?

Don't even get me started on AMC, VMC, ACM, ACTM or whatever ks's ticker is now. I've never bought a share.

I greatly prefer LC, as I think the risk/reward profile at this point is far better, but LC is not doing themselves any favors. If management hasn't sold their shares then keeping their word and offering proof should be a no-brainer. Why has this not happened and why doesn't it seem to bother anyone else?

You mean like the pdf of nothing from Actvm that made their share price move from 0.0036 to 0.007 ? 

You're wasting your time.  They invest based on the emotions of Fear and Greed,  and they'll get the rewards that go with that strategy.

I'll tell you what I expect, and what I am waiting for to drop some coin into this security: chip specs. I would actually be invested if it weren't for the latest "news". In five days they are supposed to have 4 TH/s online but they just said a few days ago that the chip specs are not ready for public release. That is extremely suspicious, given the time frame they have announced. They should be assembling devices like mad at this point, why can't they release specs?

I'd like a decent place to net some short term divs, I'm just not sure LC is it... Yet.

It does work both ways - the problem is you guys are thinking in black and white here. Either true or false.   In order to figure out what the best course of action is, you need to quantify what you think the various probabilities are.

Let's do another example.  Say in one scenario, call it A you think they'll have 5% of the network, and be priced like AM, and in another case, B, you think Labcoin will be a total failure, no chips, possibly due to being a scam.

So if a 5% network means a 0.084 share price at ASICMiner valuations (2.5x annual dividends, or 40% 'dividend yield')

Now, let's suppose you think there is a 90% chance they are a total scam. , and thus their share price will be 0.

On the other hand you think there is a 10% chance they will get 1% of the network, and their share price will be 0.084

That means to figure out their current share price based on those assumptions, you'd do 0*0.9 + 0.0168*0.1 = 0.0084.  

So with a 90% chance of scam and 10% chance of 5% of the network, their shares would be undervalued by 2.625.

On the other hand, if you think there is a 99% chance they are a scam, and only a 1% chance they'll succeed, then the 'correct' price (in your view) would be only 0.00084, and that their current share price is 3.8x too high.

And again, that's a simplified examples. I am not saying that is what the share price should be

In particular the big question in my mind is what share of the network they'll get. It could be 1% or 10% Or 0.5%. There's also the question of whether or not they'll be able to keep up with network growth. So the price now maybe low because people think they won't be able to get a big chunk of the network, not that they will be total failures.

But the main point I'm trying to make is that these share prices are going to be extremely sensitive to new evidence that changes the probability distribution.  

You see what I'm saying?  If the estimated probability of non-failure in the above example were to go from, say 99% to 90% the price would go up 10x.  On the other hand if the probability of success were 95% it would have to jump to 50% to see a 10x price increase.

However, at this point I would say both Labcoin and ActiveMining are undervalued over the long term.  And traders are switching back and forth trying to guess which one is going to see more information come in.  I think Labcoin is likely to have good information come in much sooner then ActM, so their price will go up sooner.

But, there is no way to predict what's going to happen. I think both stocks are undervalued mainly because there just isn't enough BTC in the system to support a 'proper' valuation, and anyone can make money on both of these stocks, for the moment.

We don't. We need updates that say something specific. We need management to act in good faith.

The crypto investing landscape is littered with the financial corpses of those that have invested "on faith".

The failure to lock their shares or prove they've done so is a big deal even if cheerleaders in this thread want to sweep it under the rug.

why do we need daily updates?

You're not very good at evaluating risk and would prefer certainty.

There's no shame in that, the vast majority of the population is similar to you.

But this isn't a market you should be in.

Indeed.

No, but it would be nice.

I expected them to do what they said(lock their shares), but they did not. Now I expect them to communicate effectively, but they are not.

PR guy should be fired yesterday. Whatever he's being paid it's too much. They can pick a guy from the crowd and get better results.

do you expect a personal phone call every day from the CEO or what?

Guys, please, instead of talking here, just sell to me everything you have and we'll talk about it in a few days.

What's LCs motivation for staying silent and not telling investors any specifics about their progress? It's surely not to protect their their market share as they don't have one yet. It's surely not to protect their technology as their technology is currently well behind what others have. Too busy? That doesn't make sense as they posted something yesterday. Their actions don't make sense and are leading to this information vacuum which is predictably leading to speculation and anxiety.

LC's two posts yesterday were very important and many invested money based on those two fairly generic posts, yet nobody in charge at LC could be bothered to issue a statement on btct.co or even update the OP which hasn't been altered since July 27 31. Their handling of information and management of expectations is at best amateurish.

If they didn't share that faith that LC wasn't a scam, then why would they even consider investing?