Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
velacreations
on 17/09/2013, 15:02:52 UTC
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.

yeah, I wasn't trying to paint it as positive, but you are right, he confirmed 15% are gone. 

What is interesting about that is that they could dump 10% right now, and still have their promise in tact.  What would a 10% dump do to the current market price?

Also, that confirmation was last week, we have no idea what they are right now.