I am expecting a statement about this from 'labcoin'. There's no way to hide this news any more. The chaos caused by the leave of a key technician is understandable, but it is really important for us to know how they handle it and whether they have found a good replacement.
I'm not worried about them responding, I'm worried about them telling the truth when they do.
They have to respond or their precious stock price will bottom out.
Whether or not the stock price crashes depends on the move to a new exchange, right now people are panicking whether or not to keep their stocks since there have been no news about a potential new home for Labcoin. Direct shares are good but given the amount of shares sold 7m including 3m (.75 left .25 sold), it would be extremely difficult to manually distribute dividends (assumption). Obviously with that stated, any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure.
Consumer confidence is at an all time low with the slow response of a new exchange, that's obviously a given.
The low price isn't solely bcz of BTC-TC closure, it's more bcz of their broken promise again.
so "any news of a new exchange given confirmation by labcoin himself would see a rise to share prices as they were before the notice of BTC-TC closure." will not happen.