Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 889. (Read 1079974 times)
July 31, 2013, 11:03:08 AM
Is everyone dumping their portfolio for Labcoin IPO?
July 31, 2013, 11:02:26 AM
The best way, more than 0.001 will not be allowed to buy, according to the order has purchased IPO shares. Because just want to 0.001 price IPO. Otherwise the other way to sell IPO shares.
vlaoou321: No offense, but you really should invest a little more time in making your posts understandable.
And here I am, thinking it was just me
July 31, 2013, 11:01:45 AM
Higher bid should be filled first, this maybe not perfect, but its efficiency was approved by real stock market in real life.
Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so.
I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes.
timestamps. timestamps everywhere. only accounts registered before the time the "Do not move your bids" post was made should get shares.
If this would be the final plan. That means the IPO actually began few hours ago and ended when "Do not move your bids". And there wasn't any announcement about this. I know there must be people are having there coins on the way. Guess how many angry investors will dump bad words here?
[/quote]
either way there will be angry investors dumping bad words over here.
July 31, 2013, 11:01:29 AM
sec have been notified and are on standby
July 31, 2013, 11:00:07 AM
Higher bid should be filled first, this maybe not perfect, but its efficiency was approved by real stock market in real life.
Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so.
I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes.
timestamps. timestamps everywhere. only accounts registered before the time the "Do not move your bids" post was made should get shares.
[/quote]
If this would be the final plan. That means the IPO actually began few hours ago and ended when "Do not move your bids". And there wasn't any announcement about this. I know there must be people are having there coins on the way. Guess how many angry investors will dump bad words here?
July 31, 2013, 10:59:23 AM
Could you please provide some information on the estimated time frame of things? I feel this is very essential to establishing the potential of Labcoin. If your chip is indeed set to being completed Q4, this is around the same time ACTM releases it's 28nm chips (which are vastly superior), and thus making this venture a lot less attractive.
Ken just have meetings with eASIC, argreement is to be signed, NRE is to be paied in weeks, before eASIC actually begin to working on desgin. why do you think ACTM be able to hand out chip in Q4?
July 31, 2013, 10:59:04 AM
The only optimal solution that will piss the least people seems to be : Wipe the order book , Let people bid 1hour before the you release shares , everything above 0.001 will be paid as a dividend next day (or whenever this will be good idea to pay)
Wiping someones order will piss them off.... not everyone is paying super close attention to the drama in this thread.
July 31, 2013, 10:57:37 AM
The only optimal solution that will piss the least people seems to be : Wipe the order book , Let people bid 1hour before the you release shares , everything above 0.001 will be paid as a dividend next day (or whenever this will be good idea to pay)
July 31, 2013, 10:55:47 AM
All this fuss is too frustrating. I removed my bids and bought some cheap activemining shares to profit from dividend day.
+1 for being smarter than 99% of others in this thread.
July 31, 2013, 10:55:43 AM
Could you please provide some information on the estimated time frame of things? I feel this is very essential to establishing the potential of Labcoin. If your chip is indeed set to being completed Q4, this is around the same time ACTM releases it's 28nm chips (which are vastly superior), and thus making this venture a lot less attractive.
TIME FRAME:
Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)?
Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)?
I am leaving a lot of this up to the development and management team to answer. I can however say that we are planning on first-run 'instantly' after IPO is closed and chip production immediately after. We are aware of ACTM's plans for 28 nm and even if they hit target plans (based on the available information on their chip pricing etc) we believe we will be more than competitive due to the vastly cheaper chip production we can offer.
Save $5 making a chip - spend $500 on extra power consumption over the following year.
Good plan boss.
nobody forces you to invest in this asset. They made the decision to go 130nm, end of the line. You can now decide to invest, or not to invest.
July 31, 2013, 10:54:37 AM
All this fuss is too frustrating. I removed my bids and bought some cheap activemining shares to profit from dividend day.
July 31, 2013, 10:54:10 AM
Could you please provide some information on the estimated time frame of things? I feel this is very essential to establishing the potential of Labcoin. If your chip is indeed set to being completed Q4, this is around the same time ACTM releases it's 28nm chips (which are vastly superior), and thus making this venture a lot less attractive.
TIME FRAME:
Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)?
Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)?
I am leaving a lot of this up to the development and management team to answer. I can however say that we are planning on first-run 'instantly' after IPO is closed and chip production immediately after. We are aware of ACTM's plans for 28 nm and even if they hit target plans (based on the available information on their chip pricing etc) we believe we will be more than competitive due to the vastly cheaper chip production we can offer.
Save $5 making a chip - spend $500 on extra power consumption over the following year.
Good plan boss.
July 31, 2013, 10:54:06 AM
Update: I will wait until Ethan Burnside can weight in and to not further speculation I will not be commenting on action plan or IPO release until a time when I have talked to Burnside. This should happen soon. I hope everyone understands.
+1
July 31, 2013, 10:53:16 AM
Update: I will wait until Ethan Burnside can weight in and to not further speculation I will not be commenting on action plan or IPO release until a time when I have talked to Burnside. This should happen soon. I hope everyone understands.
July 31, 2013, 10:52:03 AM
Higher bid should be filled first, this maybe not perfect, but its efficiency was approved by real stock market in real life.
Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so.
I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes.
Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so.
I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes.
They are going to look at the timestamps of the bids as well. Extra bids that came in late may not get the same precedence.
July 31, 2013, 10:52:01 AM
I vote for the free market deciding.
July 31, 2013, 10:51:57 AM
I do not predict this being a problem. At least not on any 'scale' as creating a bunch of sock-puppet accounts 'just in case' seems like quite an undertaking when no solution has been posted yet. Then again, I also didn't predict the asset to be approved in 7 hours or with this interest so maybe I should just stop predicting things... 
Here is what I'd do in your situation:
1) Reset all bids > 0.001 to 0.001
2) Set a cap on the number of shares each person can get
3) After the cap is in place, if it's still over 7mil then scale back orders based on % of orders placed.
Right now there are only about 11m orders placed > 0.001, which means if no new orders come in everyone gets 63% of what they asked for. With a cap, it should be a pretty big portion of what everyone, except the huge orders, wanted.
Personally I have to say that I quite like this solution. I will still wait until I can get guidance by Burnside before we make any decision. As previously stated, I just don't feel confident in taking any action by myself.
Higher bid should be filled first, this maybe not perfect, but its efficiency was approved by real stock market in real life.
Your solution seems fair. But you know what, there gonna be a lot new accounts being registered in next few hours, at least I am going to do so.
I know you are trying to do it fairly. But please keep the basic logic of free market in mind. Other idea without think about it only lead to more loopholes.
timestamps. timestamps everywhere. only accounts registered before the time the "Do not move your bids" post was made should get shares.
July 31, 2013, 10:51:25 AM
Could you please provide some information on the estimated time frame of things? I feel this is very essential to establishing the potential of Labcoin. If your chip is indeed set to being completed Q4, this is around the same time ACTM releases it's 28nm chips (which are vastly superior), and thus making this venture a lot less attractive.
TIME FRAME:
Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)?
Is your 130nm chip set to being finished in Q4 2013? If so, do you plan on rolling out mining hardware from other manufacturers in the mean time (as ACTM is doing)?
I am leaving a lot of this up to the development and management team to answer. I can however say that we are planning on first-run 'instantly' after IPO is closed and chip production immediately after. We are aware of ACTM's plans for 28 nm and even if they hit target plans (based on the available information on their chip pricing etc) we believe we will be more than competitive due to the vastly cheaper chip production we can offer.
July 31, 2013, 10:50:49 AM
Just do the normal IPO, highest bids first.
Then the IPO fund will exceed to 7000 btc, return the extra as dividend.
This.Then the IPO fund will exceed to 7000 btc, return the extra as dividend.
To be honest, I'm a little concerned about a company that doesn't know what to do with extra money. Is there no place the extra funds could be put to work?
This is not our concern. The concern is 100% to ensure that the IPO is fair. Simply releasing the asset unannounced at this point could leave several investors feeling exceptionally mishandled paying far above IPO price for their shares. And even though I realize that it is 'market pricing' and no one is forcing anyone to bid over IPO price I am not willing to make this decision myself at this point.
People who are bidding have made this decision for you.... they want to pay more... wheres the discussion to be had? Just give 24 hours notice and be done with it already.
the goal of an IPO is to raise a specific amount of BTC AND provide the opportunity of those interested in investing to buy shares AT IPO price, not above.
"not above" is not appended to the goal of an IPO - the goal of an IPO is to raise a specific amount of BTC and provide the opportunity for people to invest. end of... extra funds raised for the same number of shares issued is good for ALL shareholders.
July 31, 2013, 10:50:21 AM
To be honest, I'm a little concerned about a company that doesn't know what to do with extra money. Is there no place the extra funds could be put to work?
Why? You have a plan that calls for doing X, Y and Z, which cost $X, $Y and $Z. Any extra money would mean changing your plans, and potentially not being as profitable as they would hope.
In the real world taking more money then you need may be bad for investors.
If they aren't capable of altering their plans successfully when circumstances dictate, they're going to fail.
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