Burnside
I believe the time has come for this to be resolved and it is no longer a background issue - time has come in this particular instance as owner and administrator of exchange to demonstrate a reasonable level of concern for customers finances, and locking of LABCOIN security, pending resolution should start. No update has been forwarded via the issuer as yet even though it has been promised. This to me suggests evidence of cheating, lying from one or both parties.
I would like to remind that anyone that is aware of and has the power to investigate or terminate, yet allows unfettered operation of fraudulent investment schemes- that is happy to bury their head in the sand as long as it is earning them profits becomes an accessory, or an accomplice and could potentially be in for a rude awakening
It's not the administrators responsibility "to care". Please, please don't misunderstand me, but "if you get scammed, it's not burnside's fault, not the fault of missing regulation, nor the fault of the government, but solely your own". Of course this doesn't give a potential scammer any right to scam - just to be crystal clear.
Though this is a very tough decision. I feel like burnside shouldn't disclose this information, but on the other hand it's morally incorrect to not prevent preventable harm (assuming any harm could be prevented by disclosure of company held shares, which is still up to debate).
Anyway, if you decide to do it, this is where you have to look:
post #417 in the Labcoin thread gives a hint. 3M shares were transfered to dev accounts before the other 7M were distributed via the IPO. Following those first 3M shares should yield some answers.