Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 84. (Read 1079974 times)

Every time I start reading it, I get a headache and have to stop.  it is nauseating.. can someone just break it down already?

Is there any indication one of them is going to comment on this?

How about everyone relax and wait 2 days for Ukyo or Burnside to comment on their investigation.

Everyone realizes that transcript specifically indicates Sam and Fabrizio aren't the same person, right?

You guys hit your buys yet?  Pretty disgusting

Even they proved they are incompetent and having technical issues, how much value can you expect from a company has only one man (with unknown identity) partly working on it, one 130nm chip design, and 20000 not-working chips?

The only reason to buy now is hoping 'Sam' (whoever he is) to sell the chip design, all chips, and refund all the investors with the BTC remaining. In that case, each share may get around 0.0006 BTC. If you think the probability for this to happen is 'p', then apparently we can buy the share at 0.0006 * p.

Why would it boost confidence?

They had more than 24 hours to prepare for the Q&A and to clear any suspicion that this is a scam, and what evidence have they shown?

I was giving them the benefit of the doubt that they are just incompetent and are having technical issues just like start-ups tend to do, but they have provided 0 tangible evidence so far.

Its all speculation right now, The odds are much better than most forms of gambling, im one of thoes with buy orders,
If it a scam, so what I will lose 4BTC woop woop, if they can get their s**t together ill be looking at a very very nice pay day

Looking forward to seeing this pan out over the next month

I'm surprised there are buy orders to fill.  I guess some people can't take a hint. 

It seems the Q&A has not boosted any confidence.
Here we go....
Crash and burn

05:08 (S) 10000 @ 0.00020310 LABCOIN
05:08 (S) 1 @ 0.00020400 LABCOIN
05:04 (S) 5100 @ 0.00020300 LABCOIN
05:04 (S) 900 @ 0.00020310 LABCOIN
04:56 (S) 10000 @ 0.00020300 LABCOIN
04:56 (S) 2445 @ 0.00020300 LABCOIN
04:56 (S) 3000 @ 0.00020500 LABCOIN
04:56 (S) 400 @ 0.00020500 LABCOIN
04:56 (S) 5034 @ 0.00021010 LABCOIN
04:56 (S) 6 @ 0.00021020 LABCOIN
04:56 (S) 55 @ 0.00021020 LABCOIN
04:56 (S) 7500 @ 0.00021020 LABCOIN
04:56 (S) 5000 @ 0.00021220 LABCOIN
04:56 (S) 1000 @ 0.00021300 LABCOIN
04:56 (S) 5090 @ 0.00021310 LABCOIN
04:56 (S) 400 @ 0.00021500 LABCOIN
04:56 (S) 200 @ 0.00021900 LABCOIN
04:56 (S) 700 @ 0.00022010 LABCOIN
04:46 (S) 5000 @ 0.00022300 LABCOIN
04:46 (S) 400 @ 0.00022500 LABCOIN
04:46 (S) 2315 @ 0.00022500 LABCOIN
04:46 (S) 3000 @ 0.00023010 LABCOIN
04:46 (S) 3000 @ 0.00023040 LABCOIN
04:46 (S) 300 @ 0.00023100 LABCOIN
04:43 (S) 400 @ 0.00023500 LABCOIN
04:43 (S) 14500 @ 0.00024000 LABCOIN
04:43 (S) 400 @ 0.00024500 LABCOIN
04:43 (S) 65 @ 0.00025000 LABCOIN

I hope you realize you are not getting anything out of this.  I'm curious, what scenario do you have in mind where you receive something?

Urgh if it wasn't looking grim enough already we're going to shoot what little chance we have left in the foot.

i hope you realize taking LEGAL action will result in maybe people going to jail but you or anyone NOT RECEIVING anything out of it. if you hold off there is a chance of making things back if not take legal action then. you do this too soon you fuck everyone including yourself if you actually hold any shares. basically, legal action will stop things in it's tracks and basically everything is lost

agath's translation:

I found that log yesterday.

Original link: http://pastebin.com/ECm7V0LT

Fabrizio recently stated that he was not sure who Sam is, or that he thought that Sam was a hardware engineer who designed the ASIC's, but that log clearly shows that he "employed" him as a nominee director.

The log also shows that he was using "labcoin" forum name and signing the forum posts as Sam "to avoid direct exposure, various risks"

I contacted "agath" and he confirmed that he had a chat with Fabrizio and his sister Alessia, both convincing him to fund them, but he didn't proceed as he didn't trust them as their references didn't check out. agath even translated some of the parts of that log as Google Translate does not translate everything properly.

agath has previously came to this thread to confirm the content of the log with Alessia.
Original URL: http://archive.is/p1fI5

https://bitcointalksearch.org/topic/m.3247948
https://bitcointalksearch.org/topic/m.3248572
https://bitcointalksearch.org/topic/m.3248594

I also contacted TheSwede75 and burnside, and both confirmed that they have never verified Sam's details. TheSwede75 confirmed that he never even spoke to Sam, apart from chats on Skype, forum, PM and email.

Also, burnside confirmed that he has not verified any of the identification of any of the issuers on the site, as they could have been photoshopped and he wouldn't be able to spot a fake!!!

I agree that everyone need to analyse the evidence, but don't turn the other way once the evidence is there! Ignoring the facts wont fix anything!

Disclosure: I had a large position in Labcoin, 100K+ with average price of 0.0021, and I have dumped the lot earlier today losing 90% of my investment (do your math).

I didn't mis-type it

The other member in the conversation, agath, is a member on bitcointalk and confirms them 100 %

 ..

Here is OPPO's facebook: https://www.facebook.com/Oppo

OPPO hong kong: https://www.facebook.com/OppoHongKong

Let them know what Fabrizio is doing. I'm sure they would be greatly interested to know their director of marketing is running an illegal security defrauding users for millions.

Where did this "conversation" even come from? I'd like to see some credentials of whoever found/created this before it's even considered a true conversation.

Edit: This whole little community needs to analyze this "evidence" more closely. Their may be a scam here, but there is a lot of very questionable content being submitted and eaten up that is not even close to verified.

We have direct evidence of fraud. It is your choice to stick around and keep eating Labcoin's lies, but you are a pathetic minority. Some of us want to take action now, not in two months.

So I advise anyone who doesn't want to be dicked around, to contact Oppo directly and tell them what Fabrizio Tatti is doing:

http://www.oppodigital.com/ContactUs.aspx
Fabrizio Tatti, International Marketing at Oppo, Shenzhen, Guangdong, China

(If you can get a better contact for Oppo, please post it. I'd mention his position and the fact that he is running an illegal security, defrauding people around the world for millions of dollars.)

This should put some real life pressure on the man to either return investor money or stop BS'ing everybody.