Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
creativex
on 05/09/2013, 17:07:33 UTC
As we already stated, chip documentation isn't ready yet for public distribution.
You are gonna start mining in less than 1 week and you can not give us any info about your
chips. You can not be serious?

Deployment is proceeding according to plans and pictures of the devices will be revealed later. Hashing will start on the promised date.
You are gonna start mining very soon and no you can not provide any real evidence. Seriously by now i would hope you
would have prototype running and would show us evidence.

^"Worst reasonable case" is still LC being entirely fraudulent
I agree. Still no real proof they have developed anything, besides that chip, that could be anything.

You're right, all that is rather odd AND I wouldn't even mind if they'd simply do what they said they'd do. They were going to lock up founder shares and offer proof they'd done so, but did not do this. Now we can only speculate on whether management still has any skin in the game or not.

I'm not selling, but I won't buy more till they start communicating and doing what they say they'll do. Vague promises about future hashes and a photo op at some future date only go so far.