Initiating a panic selling frenzy based on irrational fear will likely be more difficult for manipulators now that burnside has confirmed LC founders are holding at least as large a stake as they said they would. We already know labcoin management flat out stinks at communicating. We already know they've provided very little proof. In the absence of new information I don't really see the impetus to sell, particularly as they've said they'd provide additional information "in a few days", "soonTM", and "in 48hrs". They've also said they'd increase to 4Th by next Monday.
Can you provide a link to Burnside's confirmation? Thanks.
I have not been handed a list unless I missed it somewhere.
I hope the LABCOIN guys don't mind me disclosing this. Over 85% of the 3 million shares have not left a specific account I know is held in the Labcoin name. The other 15% could easily be held in any of the next few top shareholders, but I am not privy to who is who without some assistance.Edit/add: and this account is not locked. I will not lock it without a specific request from the owner.
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
"Nothing is verified." It's at the top of every single page.
I do not (nor does ANY regulatory body anywhere) have the ability to track every single promise a person makes, nor the ability to enforce follow-through on such promises.
If you're nervous about it, don't get involved with that asset. (Seriously. Stay away from anything that you have any reservations on.)
If you do get involved of your own free will make sure you read the Disclosures, the ToS, and have the cahones to take responsibility for your own actions.
Cheers.