If the team forwards the 75% of "locked" shares to the issuing account, it will automatically subtract them from the Outstanding total. Simple solution!
In which case the the market cap will be wrong, which is the reason the shares were issued in the first place.
Indeed. They'd also be excluded from receiving dividend payments if they were returned to the issuing account.
A public account holding the shares would be a better solution.
The Labcoin team is doing everything they can to accommodate the investors requests. The first priotiry right now is first-run, and Q/A with developers/founders.
I hate to come across as jaded but in my opinion Labcoin is actually doing quite a lot better then a lot of recent projects in being transparent and fair to its investors. I have talked to Sam and we are working on providing transparency but the focus right now is on reaching market fast with a profitable volume of chips.
Over the next days and weeks there will be Q/A sessions, more founder share transparency and I will personally stay on top of the forum and answer questions to the best of my ability.
Thank you all for your interest and continued support!