Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 97. (Read 1079974 times)

Thanks Swede, good show. Its not much but its more than we have had from Sam, did he update you about the missed Q & A?

Thank you for posting this. I want to know how you communicate with the "team". And when you say "team", you mean Sam correct?

I am of course fully aware of this, I simply posted a screenshot cause forum members asked and I had no reason to hide it. Right now I am waiting for information from the team like everyone else.

Ok how did you contact the others, through telephone? email? can you disclose more information on them, this is potentially sercious serious fraud and the investors need contact details to the team behind labcoin, not proof that you still have 30k  shares when they might have paid you 500k shares and you have 30k shares remaining, THAT MEANS NOTHING

I'm not 'in' on anything, my only involvement is from helping Alessia sell those miners back in the summer, for which a I received a small amount of shares.

As you can see, I sold all of my original (IPO, post-IPO, and earned) shares a while ago. I've been short term speculating since, and now hold 7500 just for the heck of it (purchased on-market for an average of about .00031).

I'm ticked off that Sam Noi no-showed the Q&A, but I'm hoping he is just doing his 'head in the sand' routine until there's something of substance to announce.

It's a start. This is what we needed to see to know you're willing to cooperate with the community if it turns out to be a scam.

I know this does not prove much (I guess if you know how bad I am with photoshop it might) and I guess I was also off on my average purchase price but I did promise a screenshot of my 30k share holding so here it is. (sorry for the delay I had a lot of IRL things this weekend).



I have also been asked why I would hold on to the shares and I think my best answer would be that no matter what some people think I consider myself to have moral and integrity, and even though I don't have any insider info I think that I owe it to the community to hold on to the shares.

I still don't think that Labcoin is a scam (bad communication? Yes. Bad luck/hardware problems, team issues? Yes and very possible.) but no matter what I think, as someone who have relayed the info give I deserve to share the risk with the rest of the investors.

Good find. Yes, 'Sam' = Alberto using a made-up stolen identity. Here is an overview of the Labcoin scam and players involved, if anyone missed it:
http://www.reddit.com/r/BitcoinStocks/comments/1ncdf1/labcoin_outed_as_a_scam/

We also found additional evidence of 'Sam' being an Italian guy, due to a typo he made that wasn't properly translated.

Ever had your identity stolen? I did once, it was absolute hell to clear up - it took 4 years and thousands of dollars in legal fees. All the person who did it needed to do was find my name, my address, and a phone number. From there, they started opening non-credit accounts in my name to establish 3rd party credibility, then opened checking and credit accounts using the 3rd party account as collateral, and started cashing so many bad checks that it would make a Congressman blush. All of this took just a few hours. They never even needed my social security number to start the ruse (I'm in the US).

The point is, if it's that trivially easy to convince a highly regulated bank that you're someone else simply by using their name and providing a few identifying details, it's that much easier when you're not dealing with regulated entities. Don't be so sure that anyone publically identified here are the actual people associated with said accounts.

Nobody will do shit. I know a few guys who ripped off the poker community to the tune of 100's of millions and yet the guys still show their face in a cardroom and nobody does a damn thing. I don't spend time in cardrooms but if I saw them, I guarantee I would be thrown out. I'm not going to go risk myself getting put in jail for physical harm or anything.

They are in get-away mode. They are trying to put responsibility on other people, like a random African guy from Uganda called Samuel Noi who does not seem to have any direct connection to Bitcoin but who happens to be interested in banking & finance with a degree in communications.

http://www.linkedin.com/pub/samuel-noi/55/11/b72

I'm not claiming this is the same Samuel Noi as associated with Labcoin, I'm saying this is the Samuel Noi who popped up when I Google "Samuel Noi".

They got to have balls of steel.  I would scared as shit if my name was floating around the internet linking to a scam this huge.

Are you in on it? You're confirmed to have done trades with Alessia so I don't think anyone can take your investment advice seriously. You have more credibility than TheSwede at this point because you posted pictures. TheSwede promised to post a redacted picture of his btct portfolio in order to restore his credibility and he did not.

Samuel Noi promised to do a Q&A and he did not. I'm not surprised that either of them broke their promises because they are confirmed liars. Liars are much more likely to be scammers because in order to be a scammer you have to be a liar first.

Here is the confirmation that both TheSwede and Samuel Noi are willing to lie to the Bitcoin community and are non-cooperative.


https://bitcointalksearch.org/topic/m.3264948

I guess it's okay to allow them to play with your money, buy Rolex watches and cars, live the opulent life with 900 Bitcoins while telling everyone to buy cheap shares and lying claiming they have 30,000 shares without giving any proof?

They make these insulting and disgusting promises just so they can break them and laugh about it. A sucker is born every minute. Their non-cooperation and continued lying proves that Labcoin is a scam and TheSwede is unwilling to prove he's not a willing participant in the scam. His credibility is now lost.

Samuel Noi, your credibility is lost.

Our great CEO has been absent from the forum for 24 hours now, must be working on the next big scam project?

Not quite. The outlook isn't good for labcoin, but it hasn't been confirmed to be a scam. If the probability of success (however small) * return of success > current price, then you should hold. It just depends on your risk appetite.

What ferskvare is referring to is called 'sunk cost'.

I don't mind saying I have a small amount of BTC left in Labcoin, but it's a rounding error for me at this point so I mind. I'm betting on the tiny percentage of a chance that something comes of it (but that *does not* mean I am or should be confident enough to throw more BTC at it!). Maybe I'll bow out before BTC-TC halts trading and selling the shares becomes virtually impossible.

I am curious where all the millions of other shares are. Not too many whales in here expressing concern about the thousands of BTC they've (almost certainly) lost.

I think I found labcoin and it explains why he can't be online atm:

Or you short the stock and buy more at a lower price. That shows you really believe in it and it's not just indecision. If you can't do it, then you're a victim.

This is how you bring your emotions into the situation.

Everyone is proving this is scam. You are an Optimist, but even as a self identified optimist you see no hope in this. You rather just lose it all then lose a most it. You are contradicting yourself. If you were a true optimist you would rid yourself of the situation and look for greener pastures. There is NO hope in this, the only hope of salvation is to get what you can back as soon as possible. Why go down with the ship when the CEO abandoned you so long ago; when he can't spend 10mins on the forums to talk to his investors. Get the hell off the ship as soon as possible. This is super simple stuff.

Like Ytterbium said. At this point, even though I got most my shares at close to IPO, they've lost so much in value, I'd be having scraps if I sold. Might as well wait it out. 90% loss or 100% loss makes no difference to me. In the astronomical chance this will actually turn into something - which I doubt strongly at this point, even for an optimist as myself - I might as well just sit on the shares.