****WARNING to all Labcoin Shareholders****
People there are no traces going to the chips on these circuit boards. There are no decoupling capacitors near the chips and there does not appear to be a ground plane on the board. Ask any of the DIY asic developers here on the forum and they will confirm that these things are absolutely necessary to create a working miner.
I was a big believer in Labcoin but i am completely out now. This is a disappointing end to what could have been a promising venture.
I welcome a realistic explanation from Labcoin but at this point I am seriously warning anyone to invest at their own risk.
Thanks, but I think the regulars here are already out. There seems to be only one cheerleader left - he still own some.lol
It's not a bad idea to own a small small percent and treat it as a complete gamble because thats what it is. Just be prepared to see fall to IPO prices at least over the next several days. If they give a significant update or pay dividends it could rise but they'll have to do that before Oct 30th. I think if you got in at IPO you're fairly safe to stay in but if you got in at above 0.002 you can expect to lose money. People aren't going to pay much more than the IPO price.
The real question is why make investors wait all week for bad news? They could have announced the bad news at the beginning of the week and it would have been smarter because payday is Friday and some people would have boosted the price back up for a weekend recovery.