[LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 839.

BlockChains

member

Activity: 110

Merit: 10

Quote from: San1ty on August 02, 2013, 10:19:25 AM

Quote from: Bitcycle on August 01, 2013, 06:29:38 AM

Quote from: San1ty on August 01, 2013, 06:17:49 AM

Looks like it's slowly going down back to IPO price.
I guess lot's of people took the 300-400% profit and be done with it.

I wouldn't be surprised if AM's price suddenly jumped up again.

Anyway, easy money, like any IPO nowadays.

No, it doesn't look like that at all.

Jup, Down it is.

Yeah, down until the Labcoin founders come in here and give their rosy predictions for the future and then like a wave the hoard will jump in.

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: Bitcycle on August 01, 2013, 06:29:38 AM

Quote from: San1ty on August 01, 2013, 06:17:49 AM

Looks like it's slowly going down back to IPO price.
I guess lot's of people took the 300-400% profit and be done with it.

I wouldn't be surprised if AM's price suddenly jumped up again.

Anyway, easy money, like any IPO nowadays.

No, it doesn't look like that at all.

Jup, Down it is.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: grimholt on August 02, 2013, 10:09:17 AM

Quote from: Vbs on August 02, 2013, 08:45:27 AM

Quote from: Lohoris on August 02, 2013, 07:01:57 AM

Quote from: ArcticWolf on August 02, 2013, 06:58:20 AM

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

I agree.

I guess they haven't realised this, but who knows.
It would be nice for them to address this problem.

Maybe they could share their btct.co portfolio?

+1

In BTCT.co, shares are not marked as Outstanding unless they have been sold, or transferred to another account. The LabCoin portfolio is likely empty, unless they buy back shares to run up the price...

grimholt

member

Activity: 104

Merit: 10

Quote from: Vbs on August 02, 2013, 08:45:27 AM

Quote from: Lohoris on August 02, 2013, 07:01:57 AM

Quote from: ArcticWolf on August 02, 2013, 06:58:20 AM

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

I agree.

I guess they haven't realised this, but who knows.
It would be nice for them to address this problem.

Maybe they could share their btct.co portfolio?

+1

aquarius

sr. member

Activity: 275

Merit: 250

Quote from: Vbs on August 02, 2013, 08:45:27 AM

Quote from: Lohoris on August 02, 2013, 07:01:57 AM

Quote from: ArcticWolf on August 02, 2013, 06:58:20 AM

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

I agree.

I guess they haven't realised this, but who knows.
It would be nice for them to address this problem.

Maybe they could share their btct.co portfolio?

this is an excellent idea and takes no effort

Vbs

hero member

Activity: 504

Merit: 500

Quote from: Lohoris on August 02, 2013, 07:01:57 AM

Quote from: ArcticWolf on August 02, 2013, 06:58:20 AM

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

I agree.

I guess they haven't realised this, but who knows.
It would be nice for them to address this problem.

Maybe they could share their btct.co portfolio?

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: Wayne_Chang on August 02, 2013, 04:22:23 AM

Quote from: superduh on August 02, 2013, 02:40:36 AM

Quote from: Ytterbium on August 02, 2013, 01:14:36 AM

Here's a question: Do you guys have a target in mind of what % of the network hashrate you'd like to achieve? ASICMiner targets 20%, BTCGarden plans on getting 35% (doubtful, IMO)

these companies are going to put btcguild and others out of biz

Maybe little hashpower will concentrate to big mining pool like btcguild and 50btc.
Other smaller mining pools will be forced out.

Labcoin can sell to BTCguild and 50BTC and make massive profits while also mining.

tucenaber

sr. member

Activity: 337

Merit: 252

Quote from: Lohoris on August 02, 2013, 07:01:57 AM

Quote from: ArcticWolf on August 02, 2013, 06:58:20 AM

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

I agree.

I guess they haven't realised this, but who knows.
It would be nice for them to address this problem.

It doesn't mean anything. This is just make believe anyway. Do realize that legally you don't own anything? If the real owners want to screw you they can, and there is nothing you can do about it.

[edit] Actually, it means one thing: the dividends will be payed to all 10M shares. Which is just what the stockholder agreement says.

I take that back. That was stupid of me.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: ArcticWolf on August 02, 2013, 06:58:20 AM

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

I agree.

I guess they haven't realised this, but who knows.
It would be nice for them to address this problem.

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: drawingthesun on August 01, 2013, 11:14:08 PM

Quote from: yuchuanzhen on August 01, 2013, 11:08:06 PM

Quote

Outstanding 10000000 / 10000000 Issued

what's going on? Huh

10,000,000 shares exist, 7,000,000 offered at IPO and founders own the other 3,000,000.

If the founders own the other 3million, why are they issued on the exchange at all? The can keep those shares privately held and still earn the dividends form them. With the shares issued on the exchange as they are, the founders could cash out their shares at any point and noone would be any the wiser.

weaknesswaran

hero member

Activity: 964

Merit: 509

The mining pool / solo mining doesn´t really matter right now.

It´s all about bringing the hashing power online as soon as possible.

Wayne_Chang

sr. member

Activity: 448

Merit: 250

Quote from: superduh on August 02, 2013, 02:40:36 AM

Quote from: Ytterbium on August 02, 2013, 01:14:36 AM

Here's a question: Do you guys have a target in mind of what % of the network hashrate you'd like to achieve? ASICMiner targets 20%, BTCGarden plans on getting 35% (doubtful, IMO)

these companies are going to put btcguild and others out of biz

Maybe little hashpower will concentrate to big mining pool like btcguild and 50btc.
Other smaller mining pools will be forced out.

superduh

hero member

Activity: 602

Merit: 500

Quote from: Ytterbium on August 02, 2013, 01:14:36 AM

Here's a question: Do you guys have a target in mind of what % of the network hashrate you'd like to achieve? ASICMiner targets 20%, BTCGarden plans on getting 35% (doubtful, IMO)

these companies are going to put btcguild and others out of biz

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: Ytterbium on August 02, 2013, 01:14:36 AM

Here's a question: Do you guys have a target in mind of what % of the network hashrate you'd like to achieve? ASICMiner targets 20%, BTCGarden plans on getting 35% (doubtful, IMO)

I think they were saying 15%

Ytterbium

full member

Activity: 238

Merit: 100

Here's a question: Do you guys have a target in mind of what % of the network hashrate you'd like to achieve? ASICMiner targets 20%, BTCGarden plans on getting 35% (doubtful, IMO)

boyohi

full member

Activity: 182

Merit: 100

Quote from: yuansuyi on August 02, 2013, 12:25:08 AM

Quote from: yuchuanzhen on August 01, 2013, 11:08:06 PM

Quote

Outstanding 10000000 / 10000000 Issued

what's going on? Huh

Quote from: TheSwede75 on July 31, 2013, 10:48:24 AM

Quote from: foxykah on July 31, 2013, 10:45:45 AM

Quote from: dexX7 on July 31, 2013, 10:44:53 AM

Quote from: foxykah on July 31, 2013, 10:42:47 AM

Quote from: hl5460 on July 31, 2013, 10:41:25 AM

outstanding: 300000/10000000 Huh

+1, what is that?

Those are the 300000 private shares and I assume they were transfered internally.

then it should be 3M not 300k according to the contract, or am I wrong?

Correct, but to avoid possible 'fat fingering' of any transfer we are transferring the 3 million shares not available for sale in the IPO in batches instead of as a single lump transfer. NO shares are sold privately during or before the IPO!

+1
Yes the 3mil was there before the IPO. We should have 10mil/10mil outstanding. The shares didn't reflect that because of a bug that Burnside already acknowledged and said he would fix today. Looks like he fixed the bug.

Ytterbium

full member

Activity: 238

Merit: 100

I assume they are not planning on doing any insider trading any time soon. In a real IPO top company executives are blocked from selling stock for a certain period after the IPO.

yuansuyi

member

Activity: 210

Merit: 10

Quote from: yuchuanzhen on August 01, 2013, 11:08:06 PM

Quote

Outstanding 10000000 / 10000000 Issued

what's going on? Huh

Quote from: TheSwede75 on July 31, 2013, 10:48:24 AM

Quote from: foxykah on July 31, 2013, 10:45:45 AM

Quote from: dexX7 on July 31, 2013, 10:44:53 AM

Quote from: foxykah on July 31, 2013, 10:42:47 AM

Quote from: hl5460 on July 31, 2013, 10:41:25 AM

outstanding: 300000/10000000 Huh

+1, what is that?

Those are the 300000 private shares and I assume they were transfered internally.

then it should be 3M not 300k according to the contract, or am I wrong?

Correct, but to avoid possible 'fat fingering' of any transfer we are transferring the 3 million shares not available for sale in the IPO in batches instead of as a single lump transfer. NO shares are sold privately during or before the IPO!

yxxyun

member

Activity: 99

Merit: 10

Quote from: szmarco on August 02, 2013, 12:08:36 AM

Quote from: Vigil on August 01, 2013, 11:54:49 PM

Quote from: szmarco on August 01, 2013, 11:43:37 PM

Quote from: yxxyun on August 01, 2013, 11:31:41 PM

Quote from: yuchuanzhen on August 01, 2013, 11:26:24 PM

Quote from: drawingthesun on August 01, 2013, 11:14:08 PM

Quote from: yuchuanzhen on August 01, 2013, 11:08:06 PM

Quote

Outstanding 10000000 / 10000000 Issued

what's going on? Huh

10,000,000 shares exist, 7,000,000 offered at IPO and founders own the other 3,000,000.

so,they are free to sell?

so that's why the price falling?

It will be a very bad situation.
Zero share holding means zero responsibility to shareholder's profits.

I don't think they are selling, they have just been issued the shares - someone had to be issued the shares. 10M total, 3M to them, and 7M to investors at BTC.001

yes,maybe they are not now,but they are "able to". No one can find it if it happens.

yes, that's bad. I think the 3,000,000 shares should be locked, but they are issued and free to sell.

szmarco

hero member

Activity: 574

Merit: 500

Quote from: Vigil on August 01, 2013, 11:54:49 PM

Quote from: szmarco on August 01, 2013, 11:43:37 PM

Quote from: yxxyun on August 01, 2013, 11:31:41 PM

Quote from: yuchuanzhen on August 01, 2013, 11:26:24 PM

Quote from: drawingthesun on August 01, 2013, 11:14:08 PM

Quote from: yuchuanzhen on August 01, 2013, 11:08:06 PM

Quote

Outstanding 10000000 / 10000000 Issued

what's going on? Huh

10,000,000 shares exist, 7,000,000 offered at IPO and founders own the other 3,000,000.

so,they are free to sell?

so that's why the price falling?

It will be a very bad situation.
Zero share holding means zero responsibility to shareholder's profits.

I don't think they are selling, they have just been issued the shares - someone had to be issued the shares. 10M total, 3M to them, and 7M to investors at BTC.001

yes,maybe they are not now,but they are "able to". No one can find it if it happens.

Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 839. (Read 1079974 times)