Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)

That being said, burnside confirmed last week that they hadn't dumped, yet. He also confirmed that they never requested the shares to be locked.

Burnside confirmed that 85% of their shares were still there.
That means 15% are gone - that's 450k shares.
Lets say they were sold at ~0.0035, that's 1575 BTC.

Please don't use what burnside confirmed as if it was a good thing.

Burnside didn't say they'd been sold, he said they weren't held in the account he associated with Labcoin.

Yes, they are gone, like I said. We don't know what happened with them, so we have to assume they have been sold.
Painting it like burnside said or implied in any way that they haven't been sold is wrong.