That means that the share price right now is based on a high probability that LC will be a total failure (either a scam, or bad chips, or whatever)
People are giving this a VERY high probability, as you point out.
I just don't see the evidence for a scam. They've behaved exactly the opposite of how scammers behave. If you believe it's a scam, you're not basing it on what we've seen thus far from them, you're basing it on something else.
Which leaves technical issues as the main risk. But they've indicated they will be on schedule, which means they have encountered no major techinical issues yet.
They might be lying, of course. It's possible. I just don't see any evidence that it's very likely.
People are just overly gunshy.
Fine with me, I guess. I'll be accepting their money when the share price jumps up.
Well, personally I just think this market is totally irrational, and the price is just based on inertia and lack of liquidity to buy ActM shares which everyone wants now. And
I think they are legit and will be hashing soon.
But the point is, further evidence that labcoin is "legit" and neither a scam nor a total failure should, if the market is rational, cause the share price to jump, just like the eASIC letter
proved that ActM was at least
legit.
But, if it doesn't move the needle it would be because of market irrationality, which you can profit off of if you're patient. As I've said, I expect initial dividends in just September and October to more then cover the current share price.