Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
Still, it is so extremely easy to stop this and actually make the price go up.
I talked to a few other investors and one thing is clear, "we would do a few things differently and could easily end the drama". But the thing is, we don't run this company and we don't know how it is like to run Labcoin and what the given circumstances are. We can only assume and conclude, but the divergence between expectations and what Labcoin has given us is huge. I am pretty sure they don't want to do harm to us, really. I'm almost convinced it is not the case, so the question of the day is: "why is that so?"
I'll leave you with TheSwede75's quote:
NOT AN UPDATE, JUST PERSONAL OPINION:
To be brutally honest. I realize that has been delays, and I also realize that communication has not always been what I wish we could provide. BUT, supporting day trading or providing updates at the whim of every single person that owns a share is just not priority.
If you do not believe Labcoin can deliver, or that somehow the team is running the world most advanced long-con ever you are well in your right to sell your shares.
The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.
I am not saying this to influence share price, but simply because it is getting a little tiring to see people yell and scream completely irrelevant information.
The chips that have been developed perform well within variance of what can be expected, boards have arrive and are arriving as we speak and mining will according to the team be up and running at production speeds within a week or two.
With 100,000+ chips already ordered I see no reason as to why the project would not yield a very healthy profit within the next month.
The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.
I know its easy to have 20/20 hindsight but I feel that frequent updates do more harm then good. Feel free to voice your opinion of course (as I am sure you will).
I guess asking for some measure of reason is futile but the best I can do is to inform as best as I can. Hopefully I will be able to look back at this thread in a few months and smile.
Edit: I can personally guarantee that no one on the Labcoin team has the Photoshop skills to fake the chip/board images. Source; engineers are not artists.
To be brutally honest. I realize that has been delays, and I also realize that communication has not always been what I wish we could provide. BUT, supporting day trading or providing updates at the whim of every single person that owns a share is just not priority.
If you do not believe Labcoin can deliver, or that somehow the team is running the world most advanced long-con ever you are well in your right to sell your shares.
The project is fully funded and I have personally 100% faith that Sam and the developers can and will deliver and though mining has been delayed, every single (even the most pessimistic) calculation I have done makes selling my shares anywhere near current price a bad idea.
I am not saying this to influence share price, but simply because it is getting a little tiring to see people yell and scream completely irrelevant information.
The chips that have been developed perform well within variance of what can be expected, boards have arrive and are arriving as we speak and mining will according to the team be up and running at production speeds within a week or two.
With 100,000+ chips already ordered I see no reason as to why the project would not yield a very healthy profit within the next month.
The next update will not be scheduled but rather I will see to it that we update the forum and btct.co when mining is running and the team can show more details on the operation.
I know its easy to have 20/20 hindsight but I feel that frequent updates do more harm then good. Feel free to voice your opinion of course (as I am sure you will).
I guess asking for some measure of reason is futile but the best I can do is to inform as best as I can. Hopefully I will be able to look back at this thread in a few months and smile.
Edit: I can personally guarantee that no one on the Labcoin team has the Photoshop skills to fake the chip/board images. Source; engineers are not artists.
I disagree with the statement "that frequent updates do more harm", but I suggest instead of yelling "what the f- is wrong with them" we should take a more active role and explore ways to improve the "communication" and overall find a consensus to achive our goal of turning this into a successful story.
