Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
Ytterbium
on 24/09/2013, 06:40:22 UTC
This is not a real update on anything that concerns the future of Labcoin but I figure sometimes just showing up is a good thing.

Me and Sam have been in close contact today and we are evaluating marketplaces for listing. So far we are looking at any possibilities including havelock (that already have a pass through listed), Bitfunder and even 796 (a Hong Kong based exchange), as well as running the shares as "direct shares" as per the ASICMINER model.

We are aware that the up coming closure of BTCT is a major event and besides hash rate increase this is something that we are working on finding the best possible solution to.

As the process matures we will post more information and likely ask for share holder input on listing place etc. we are however very confident that Burnside has records of share holders and holding as we will be making a decision on a new marketplace well in time before the final closure of BTCT.co.

796 may have the best 'legal' option.  From what I understand they actually have a money services license even. I'm not sure what the details are or what the legal issues are there, though.