Did you even bother to read Chinese laws?
For me, the only plausible explanation is they don't have full control of their assembly and mining partners. All they have in hand are some sample chips and boards. Their parter in China refuse giving any photos taken in their side, and their reason or excuse may be they don't want disclose any evidence that they are involved in this project, since illegal IPO may lead to death penalty in China.
No need. Americans know everything
Labcoin is in HongKong, not mainland china. HK has a
far more western-style legal system, and no death penalty. People in HK have a
high degree of civil/human rightsExcept the fact that Labcoin is based in HK doesn't do shit for their mainland China partners. Also labcoin's facility is located in mainland China, not HK(where high real estate price and utility price will make this operation unfeasible).
Well, so what? Even if Sam was doing something that might violate Chinese law if he were in china, how is that going to affect Howard Wang?
I mean, if the CEO of Google started blasting the Chinese government (which is illegal in china, of course) it's not like Google's Chinese employees are going to get in trouble.
I doubt it's illegal to simply be the
employee of a company that solicits investment funds while being in China. What made the BTCGarden guy cancel his IPO was the accusation that he was
soliciting investments. Not just in bitcoin, but some forum troll was running around claiming that he was telling people to buy BTC with Yuan on his exchange, then use that BTC to buy BTCGarden shares, in essence directly soliciting Yuan investment.
That is the accusation that got him to pull the IPO.
That might also explain why Wang doesn't want to post on the forum. He could be worried about legal issues if he's seen as being involved in the solicitation of investment money.