Ninjastic
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Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
Luckybit
on 03/08/2013, 08:11:54 UTC
Quote from: TheSwede75 on August 02, 2013, 07:39:42 PM
Quote from: twentyseventy on August 02, 2013, 07:34:24 PM
Quote from: ThickAsThieves on August 02, 2013, 06:20:40 PM
Bingo! The shares should not have been rendered. What incentive does the company have to work at all if they can just sell all their own shares?

Come on, TAT. Plenty of companies have founders that are able to sell their shares. Larry and Sergey didn't cash everything out when Google IPO'd, did te

Labcoin has been posting on the Mining forum for a while and they've got a strong incentive to make more money off of the appreciation of their shares than to sell now.

Though I don't think the Labcoin team are quite comparing themselves to Google ( Yet  Tongue ) this is the way they see it. That said, I will talk to Sam about some form of solution that allows for more transparency when it comes to the Founder shares.

I have a question for the Labcoin team which many others probably would like the answer to as well. What are is the first year's forecast profit range? Can we have at least an indication on how much these shares could be worth so that we resist pressure to sell?