Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
hl5460
on 21/09/2013, 02:32:04 UTC
The day before Lehman Bros collapsed the CEO told investors in a conference call that the company was in no danger of insolvency. He knew exactly what was happening.

His defense was that if he had told investors the true state of the company that it would have immediately collapsed due to share selling.

You are correct and I agree 100%.

The exchange does not know the facts behind the situation and made a public statement.

Statements should be coming from LabCoin.

-Ukyo

Good point Ukyo. That warning is ill grounded even with no ill intention. Halt the transaction to find out the truth could be an option for exchange operator.