Ninjastic
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Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
carpetbagger
on 29/08/2013, 01:40:53 UTC
Quote from: Vigil on August 29, 2013, 12:03:15 AM
Quote from: dexX7 on August 28, 2013, 11:59:35 PM
Quote from: Vigil on August 28, 2013, 11:43:56 PM
That is because so many people lost their asses with the panic sell due to TheSwede's comment. They can't get back in to buy. The Labcoin shares were centralized into fewer hands and they can now manipulate the price much easier.

Now they have the shares going back down to sub .0027 - its market manipulation.

It's not necessarily manipulation. The lack of news yesterday was not good at all and the situation exploded with TheSwede's no-news-update, I guess. Later the news did come, but all in all everyone knew what would be published ("chips arrived") and some might have expected more than a few lines of text, followed by this horror comment (actually there is a blogpost about the topic here in chinese).

Without anything substantial I see no reason for rapid growth in the next days based on the sentiment right now.
All anyone was expecting was a confirmation of chips arriving. That is it. Go look through the threads in the days and weeks leading up... Everything everyone was expecting in the announcement came (aside from some pictures - which was an afterthought). The news came and all the fusters come out and say it wasn't good enough. We got confirmation and dates of dividends.

Please try to only speak for yourself. Sweeping statements rarely apply to everyone.

If you haven't noticed there are very serious concerns about the shares not being locked. There are also serious concerns about the market being unreasonably manipulated. I think I saw you comment on that too. 3 weeks ago, Swede said he would make it happen and assured us that Labcoin members wouldn't sell their shares. A week ago, he promised the same thing. Then Labcoin promises the same fucking thing. Would you like me to pull the quotes up?

Week after week of promises and limp-wristed assurances do not cut it in the btc world. "Relax guys, we would never do that" doesn't cut it. The issue here is trust, and there is very little for Labcoin at the moment as the charts show.

So anyway, Labcoin techs live in China, & have no access to phones or cameras? Too funny. How did they take the other pics?  Cheesy