Part of the problem is that there is zero regulation, so if a "real" company pulled a stunt like this it wouldn't be as big of a deal, shareholders could assume that the company wasn't just a huge scam or that the owners wouldn't run off with some of the money because if it was or they tried that, they'd be prosecuted.
But here, if you lose investor trust it will be difficult to get back.
I agree with you but I don't think Labcoin is a scam. They are just paying the price of too much bullshit and not enough honesty. And as you said, in the BTC world, *trust* is everything.
I don't think they're a scam.
But I also have NO IDEA when they'll actually start hashing, and the answer to that question makes a huge, huge difference in how much this stock is worth.
The last they said was to wait until the END OF OCTOBER, and that's just too long.