Burnside needs to lock this security immediately.
That likely wouldn't help investors' whose fund are already tied up and might do more harm than good.
You're absolutely right and I agree with you. LC is not playing it straight for every reason you just mentioned.
Labcoin said there would be additional information "in a few days" or some such, I believe was the term used. TheSwede75 followed that up with a 48hr time frame attached to additional updates. I see no harm in letting this time table play out.
as long as you are the first person to sell off your position if the time table does expire, in the event of continued no proof of hashing/production.